![]() |
![]() |
MM Homepage | Course Outline | Topic Summaries | Quiz Page | Alumni Blog | Resources Page | Other courses | Shared File Space |
Course schedule: Mondays to
Thursdays, as listed in the course outline.
Goals
Students taking this course should expect to learn the nature and purposes of financial management. They will gain skills in investing techniques and financial management. They will learn, through seminar discussions and a hands-on project on financial forecasting and selection of financing products. In the end the goal is to apply the state-of-the-art techniques often used by investment bankers.
Prof. António Marques-Mendes
Office nr.: 417. Tel +351-239-790-548; Fax +351-239-790-413
Web site http://www.marques-mendes.com
• E-mail student@marques-mendes.com
Lectures and seminars take place in the rooms assigned by BEDEL.
Tutorials and appointments are available by prior booking through email
Details on Marques Mendes' current research interests and availability to supervise MBA, Msc and PhD thesis can be found in his personal web page.
The course employs cases and problems as well as classroom lectures and discussions. We will make use of international as well as domestic examples. Each student will be expected to participate actively in class discussions. A written project will be due by the end of term, to be discussed during an oral exam.
The
Course on the Internet
We will make use of the Internet--notably the World Wide Web--for resource material and communication. Indeed this course outline itself will change: the definitive version is at our Web site. All students must have an email address and Web access. Lecture materials, as available, can be downloaded from the Web. (In some cases you will need the Adobe Acrobat reader, Version 6 or higher, available free from Adobe's World Wide Web Site http://www.adobe.com/prodindex/acrobat/readstep.html.). To access the course site, use tcf2008 ID, and your 10-digit password (ask me to get it). Students are encouraged to exchange their own material by posting it to a shared file space.
To keep up with the world of corporate finance try the following Web sites:
CNN Finance • The Financial Times • Yahoo Finance • Bloomberg • Reuters • CFO.com
and much more at Marques-Mendes's Finance Resources on the Web
Mark Largan, International Corporate and Investment Banking - Practice and Law, Institute of Financial Services, Canterbury, UK. (Latest edition)
Students should have read the assignments before coming to class. Material covered in the assigned textbook readings will generally not be repeated in class. Rather, class time will be devoted to lecture and case discussion, applying the material covered in the readings.
Top | Course Outline | Topic Summaries | Quiz Page | Alumni Blog | Resources Page | Other courses | Shared File Space |
(The links to the readings will be provided as we proceed)
Date (Weeks) | # | Topic | Papers & Chapters for Discussion | Other Readings, and Materials on the Web | Cases/Assignments |
15-21/9/08 | Introduction to students: The role of
Universities and the job market Introduction to Topics in Corporate Finance |
Syllabus for a BSc in Business Administration |
|||
22-28/9/08 | 1 | Accounting as a basis for financial management |
Objecto e objectivos da contabilidade (Chaps. 2.2 e 3.4) Financial Reporting |
Accounting resources SOME KEY DIFFERENCES BETWEEN IFRSs AND US GAAP |
|
29-5/10/08 | 2 | The evolving nature of Finance Departments and the CFO job | O
papel do Gestor Financeiro (Chap. 1) Menezes (pp.34-39) How CFOs are managing changes in roles and expectations |
Toward a Leaner Finance Department Flabby or Fit? A new survey of CFO readers measures finance departments
|
Class registration: Class A; |
6-12/10/08 | 3 | Banking Relationship Management Investment Bankers: Friends or foes? |
Banker-customer relationship (Liscombe pp. 108-122) Structure of the industry |
A
Love-Hate Relationship Managing Banking Relationships The structure of financial markets and its participants Goldman Sachs: The Most Powerful Investment Bank In The World |
Collective assignment: search web for Organigrams, Job Offers and Personal Profiles |
13-19/10/08 |
4 | Financial Planning and Modelling | Abordagens ao planeamento financeiro (Chap. 28) | Collective assignment: The Business of Investment
Banking - case studies:
ES Investment;
CaixaBI;
Goldman Sachs; UBS Class A Project I: Write essay on "Is the failure of Bear Stearns, Lehman Brothers and Merrill Lynch a prelude to the end of investment banking?" |
|
20-26/10/08 | Collective assignment: Prepare 3-year financial Projections for a PSI20 company using Brealy's (Brealey 2) model or ANJE's (using data from the company published accounts, Euronext, Hoovers or Reuters). | ||||
27-2/11/08 | Collective assignment: Prepare 3-year financial Projections for a PSI20 company using Brealy's (Brealey 2) model or ANJE's (using data from the company published accounts, Euronext, Hoovers or Reuters). | ||||
3-9/11/08 | Collective assignment: Prepare 3-year financial Projections for a PSI20 company using Brealy's (Brealey 2) model or ANJE's (using data from the company published accounts, Euronext, Hoovers or Reuters). | ||||
10-16/11/08 | 6 7 |
Financial Structuring Corporate restructurings (Acquisitions & Divestitures) |
Taxation of Corporate Reorganizations
Brealey (chap. 33) Comparing Acquisitions and Divestitures |
Regime
Fiscal das Fusões de Sociedades The Choice of Going Public; Spin-offs vs. Carve-outs |
Collective assignment: Compare the solutions for international cash management offered by the following banks: Wachovia, KBC, Citigroup, CGD, BCP and BES |
17-23/11/08 | 8 | The selection of financial instruments and services | Current asset management Brealey (Chaps. 18 e 31) Kim (Chap. 14) |
Collective assignment: Compare the recent
divestitures (spin-offs, etc.)
in Portugal. |
|
24-30/11/08 | Group assignment: Compare the solutions offered by banks and car dealers for financing a fleet of 3 cars to the board of company xyz. Group assignment: Compare the solutions offered by banks and car dealers to finance a fleet of 3 cars for the board members of company xyz. |
||||
2-7/12/08 |
9 | The Case for Going Public |
Going Public: The Pros and Con Largan, Ch. 12, pp.161-179 e 192-230 Brealey Ch. 15, pp.386-399 |
What are the advantages and disadvantages for a company going public? Book Building versus Auction Selling Methods: A Study of U.S. IPOs |
Class A Project II: Examine the claim that BCP management has reported
false profits during several years and compare the various tools for
measuring accounting quality. |
2-7/12/08 | 10 | Agency problems and corporate governance |
Stock buybacks: the rules Warren Buffett on: Stock Options and Stock buy-backs |
Relatório CMVM sobre Governo das Sociedades |
Collective assignment: Investing in IPOs, case
studies
BANCO POP.ESPANOL;
Galp;
REN;
MARTIFER
EDP Renováveis. Compare the listing requirements at
Euronext Lisbon and
OPEX. |
9-14/12/08 | 11 | Earnings quality and accounting shenanigans |
Everything You Need To Know About Earnings Menezes (Pags. 403-410) Why do companies use creative accounting? |
Trick or treat - how to detect accounting tricks
Earnings season: A time to be careful |
Collective assignment: Discuss the Stock buy-backs
pros and
cons for companies like
PT;
Unilever;
Expedia;
Microsoft.(note check the latest SEC filing 10-Q) |
9-14/12/08 | 12 | Asset management and stock-picking | Lessons from famous Investors | Collective assignment: Report any creative accounting
you may have noticed in the PSI20 company you monitored. |
|
15-20/12/08 | 14 | Due diligence and Corporate Ratings | Brealey (Chap. 7, pp.143-165) | About stock ratings | Collective assignment: compare StockMarks and RiskGrades for various companies |
Atendimento em Janeiro: | Dia 5/1/2009 das 16:00-18:00 horas | Dia 13/1/2009 das 15:30 - 16:30 horas | Dia 19/1/2009 das 15:30 - 16:30 horas | ||
19/01/09 (12 horas) 23/01/09 5-6/02/09 |
Entrega dos trabalhos 1/4-Hour Final Oral Exams Exames da 1a época: Regime normal, Avaliação contínua |
Lista dos alunos elegíveis
para avaliação continua Horário das Orais |
|
Data limite para entrega dos trabalhos (Nota: as versões em papel devem ser entregues na portaria ou no gabinete do docente. Os anexos em excel devem ser enviados para o endereço: trabalhos_tcf2008@marques-mendes.com com o nome do aluno no assunto. |
Top | Course Outline | Topic Summaries | Quiz Page | Alumni Blog | Resources Page | Other courses | Shared File Space |
Top | Course Outline | Topic Summaries | Quiz Page | Alumni Blog | Resources Page | Other courses | Shared File Space |