Financial Management

Major: Management
Code of subject: 7.073.00.O.004
Credits: 4.00
Department: Marketing and Logistics
Lecturer: Igor P. Taranskiy, PhD, Associate Professor of Economics
Semester: 1 семестр
Mode of study: денна
Learning outcomes: As the studies results, student has: • know: 1. the nature and financial management principles and basic concepts used in the financial management system of modern enterprise; 2. The assessment of methodological tools risky financial decisions; 3. Features of asset management, investment, capital, cash flow and financial risks in different market situations. be able: 1. apply this knowledge in practice; 2. comprehensively assess the market situation in the developed financial strategies; 3. analyze the financial condition of the company and its financial flows; 4. possess modern methods of assessing the value of money over time, taking into account factors of inflation risk and liquidity during the financial economic calculations; 5. The cost of capital to determine, calculate capital requirements, develop measures to refinance capital etc. 6. identify ways and tasks of crisis management; 7. assess risks of financial solutions and efficiency vpravadzhennya inestytsiynyh decisions.
Required prior and related subjects: • Prerequisites: Finances, Management • Co-requisites: Designing Logistics Systems, Logistics Consulting.
Summary of the subject: Theoretical and organizational bases of financial management. Systems providing financial management and analysis of financial statements. Methodical bases of decision-making in financial management. Asset management. Capital management and the value of the company. Office of profit enterprise. Investment Management. Cash Management at the company. Financial Risk Management. The anti-crisis policy of the company.
Assessment methods and criteria: current control (30%): laboratory work final control (70%, exam)
Recommended books: 1. Закон України “Про господарські товариства” від 19.09.1991 року №1576 2. Закон України “Про інвестційну діяльність” від 18.09.1991 року № 1560 3. Закон України “Про цінні папери та фондову біржу” від 18.06.1991 року № 1201 4. Закон України “ Про лізинг” від16.12.1997 року № 723/97 5. Бланк І.А. Основи фінансового менеджменту. В 2 -х т Ника – Центр 6. Бланк І.А. Упраління грошовими потоками.

Financial Management

Major: Management
Code of subject: 7.073.00.O.005
Credits: 4.00
Department: Management and International Business
Lecturer: Dc. Sc. in Economics, Associate Prof. Viktoriya Kharchuk
Semester: 1 семестр
Mode of study: денна
Мета вивчення дисципліни: The aim of this course is to master the ways of solving issues of financial transactions acquainted with specific problems and contradictions of operation and cash flows methods and techniques of financial manager for the implementation of professional management of financial assets of industrial and economic activity.
Завдання: The study of the course involves the formation of competencies in students of education: Integral competence: The ability to solve complex tasks and problems in the field of management or in the learning process, which involve conducting research and/or implementing innovations under uncertain conditions and requirements;загальних: ЗК1. Ability to conduct research at an appropriate level; ЗК3. Skills in using information and communication technologies; ЗК7. Ability to abstract thinking, analysis and synthesis; professional: CК1. Ability to choose and use management concepts, methods and tools, including in accordance with defined goals and international standards; СК2. Ability to establish values, vision, mission, goals and criteria by which the organization determines further directions of development, develop and implement appropriate strategies and plans; СК4. Ability to effectively use and develop the organization's resources; СК5. Ability to create and organize effective communications in the management process; СК7. Ability to develop projects, manage them, show initiative and entrepreneurship; СК8. Ability to use psychological technologies for working with personnel; СК9. Ability to analyze and structure organizational problems, make effective management decisions and ensure their implementation; ФСК1. In-depth knowledge of the classical and modern theoretical-methodological and methodological-applied basis of managing the activities of domestic and international business structures; ФСК 2. In-depth knowledge of domestic and international regulatory and legal support for the activities of business structures of various types and profiles; ФСК5. Ability to demonstrate in-depth knowledge in the field of tax administration in business structures; ФСК6. Ability to demonstrate knowledge of global market conditions, management of competitiveness of business structures in the modern economic environment; ФСК9. The ability to integrate and apply the acquired theoretical knowledge in practice to solve managerial tasks in the field of business administration. ФСК10. Ability to use modern software and information and communication support in the field of business administration management; ФКС2.1.1. The ability to forecast the level of economic indicators of the organization, to implement intra-firm forecasting technologies for planning the potential of the organization, its marketing, sales, and budgets.
Learning outcomes: ЗН1. Specialized conceptual knowledge acquired in the course of study and/or professional activity at the level of the latest achievements, which is the basis for original thinking and innovative activity, in particular in the context of research work; ПРН1. Critically consider, choose and use the necessary scientific, methodical and analytical tools for management in unpredictable conditions; ПРН3. To design effective management systems of organizations; ПРН5. Plan the activities of the organization in strategic and tactical sections; ПРН8. Apply specialized software and information systems to solve organizational management problems; ПРН12. Be able to delegate authority and management of the organization (subdivision); ПРН13. Be able to plan and carry out informational, methodical, material, financial and personnel support of the organization (subdivision); ПРНС2.1 Demonstrate in-depth knowledge and understanding of classical and modern approaches to the management of organizations and administration (by types of economic activity), principles, laws, technology, methods of management of organizations, the process of making managerial decisions, leadership and management styles, features of conflict resolution in the process solving tasks of professional activity; ПРНС2.2. The ability to use professionally profiled knowledge and practical skills in management, marketing, finance, logistics, economics for effective management of business entities in the conditions of a market economy; УМ11. To ensure personal professional development and planning of own time. KOM1. Conveying to specialists and non-specialists information, ideas, problems, solutions and own experience in the field of professional activity; KOM2. Ability to effectively form a communication strategy; AiB1. Management of complex actions or projects, responsibility for decision-making in unpredictable conditions; AiB2. Responsibility for the professional development of individuals and/or groups of individuals, the ability to further study with a high level of autonomy.
Required prior and related subjects: Co-requisite: Management, Strategic Management
Summary of the subject: Course «Financial Management» is based on the fundamental concepts and results of modern theoretical and applied research in the field of financial management, namely the importance of financial management, legal and tax environment of financial management, evaluation of financial statement of the company, determining the value of debt securities risk planning and profitability of enterprises, working capital management, cash management and liquid securities, short-term financing, analysis of efficiency of investment companies.
Опис: Theoretical foundations and applied aspects of financial management. The legal and tax environment of financial management. Evaluation of financial statement of the company. Methodology of KPI. Determining the value of debt securities risk planning and profitability of enterprises. Capital components and evaluation Weighted Average Cost of Capital (WACC). The CAPM Approach. Short-term financing. Capital budgeting decision rules and analysis of efficiency of investment companies.
Assessment methods and criteria: Assessment of the student's knowledge is carried out in the following areas: the presence of specific skills, their depth, stability and flexibility; the degree of mastery of the main provisions of the discipline and their creative application when solving situational problems and cases. Semester control is conducted in the form of an exam. Evaluation methods: selective oral survey; preparation of presentations, reports; answers for the admission and defense of laboratory work, assessment of activity, submitted proposals, original decisions, clarifications and definitions, etc.).
Критерії оцінювання результатів навчання: Current control (30%): Performing laboratory work (20); Solving problems, situational exercises, cases (5); Participation in the discussion on current financial news (5). Final control (70%): exam (written component ((50%)) and discussion(20%)).
Порядок та критерії виставляння балів та оцінок: The final semester grade on a 100-point scale is converted into a state grade in accordance with the system adopted at the University: • 88-100 points – "excellent" • 71-87 points - "good" • 50-70 points – "satisfactory" • 0-49 points – "not satisfactory". The grade "excellent" (88-100 points) is awarded for complete, systematized knowledge. The student must correctly answer the assigned tasks and solve the practical tasks, minor mechanical errors are allowed that do not significantly distort the overall result of the practical tasks. • The grade "good" (71-87 points) assumes that, in general, having mastered the material, the student answers most of the tasks correctly and makes minor inaccuracies and individual errors when solving practical problems. • A grade of "satisfactory" (50-70 points) is assigned to a student who has significant deficiencies in solving the assigned tasks and has gaps in practical knowledge, but tried to solve problems where he could have made mistakes. • The grade "unsatisfactory" (less than 50 points) is given to a student who does not understand the essence of the questions, does not know the basic concepts of the subject and did not answer them correctly.
Recommended books: 1. Kharchuk V. Financial Management/ Kharchuk V. Lecture notes for students specialty 073 ”Management” (in English) on masters level, 2019. 2. Financial management. Віртуальне навчальне середовище Національного університету «Львівська політехніка» [Електронний ресурс]. – Режим доступу: http://vns.lp.edu.ua/ course/view.php?id=14895. 3. Фінансовий менеджмент: [конспект лекцій з курсу «Фінансовий менеджмент» для магістрів спеціальності 073 «Менеджмент» усіх форм навчання] /Харчук В.Ю.– Львів: Видавництво Національного університету «Львівська політехніка», 2019. – 78 с. 4. Харчук, В.Ю., 2021. Формування та використання систем гармонійного розвитку в умовах глобалізації бізнесу: теоретико-концептуальні засади та інструментарій моделювання. Львів: Видавництво Львівської політехніки. 5. Block, Stanley B., Hirt, Geoffrey A. Foundations of Financial Management. Irwin, McGraw-Hill, Inc. 2019. 6. Brealey, Richard A., Myers Stewart C. Principles of Corporate Finance. – McGraw-Hill, Inc. 2018. 7. Brigham, Eugene F., Kahl, Alfred L., Rentz, William F. Canadian Financial Management – Holt, Rinehart and Winston of Canada, Limited. 2018. 8. Keown, Arthur J., Scott, David F. Jr, Martin, John D., Petty William J. Basic Financial Management. – Prentice Hall, Inc., 2018. 9. Ross, Stephen A., Westerfield, Randolph W., Jordan, Bradford D. Fundamentals of Corporate Finance. – Irwin, 2015. 10. Харчук, В.Ю., Чернобай, Л.І., Рябічіна, Ю.С., 2021. Корпоративна соціальна відповідальність вітчизняних компаній: особливості імплементації та розкриття інформації. Підприємництво і торгівля: збірник наукових праць/Львівський торговельно-економічний університет, Вип. 28, с. 103 – 110. 11. Харчук, В.Ю., Омелянчук, A. Б., 2020. Analysis of GRI and CSR Reports, submitted by Ukrainian Companies. Modern Economics, 24, с. 200-204. 12. Харчук, В.Ю., Зіміна, Є. С., 2020. Prerequisites for the sustainable development of the Ukrainian economy. Менеджмент та підприємництво в Україні: етапи становлення і проблеми розвитку, Вип. 2, № 1, с. 122–134.
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