Financial Management in Business

Major: Business Economics
Code of subject: 7.051.05.O.005
Credits: 7.00
Department: Business Economics and Investment
Lecturer: Seliuchenko Nadiia Yevstahiivna, Ph.D. in Economics, Associate Professor
Semester: 1 семестр
Mode of study: денна
Мета вивчення дисципліни: The formation of students of education in the field of strategy and tactics of financing the activities of business entities and the complex of abilities and skills in the application of various methods, tools and levers of financial business management.
Завдання: general competences: ZK2. Ability to abstract thinking, analysis and synthesis. ZK4. Ability to communicate with representatives of other professional groups of various levels (with experts from other fields of knowledge/types of economic activity). ZK7. Ability to act on the basis of ethical considerations (motives). professional competences: FC7. The ability to justify management decisions regarding the effective development of economic entities. FC8. The ability to assess possible risks, socio-economic consequences of management decisions. FC10. Ability to develop scenarios and strategies for the development of socio-economic systems. FCS 1.1. The ability to develop and justify decisions on managing the competitiveness of the enterprise. FCS 1.3. Ability to develop proposals and justify decisions regarding project financing.
Learning outcomes: PRN2. Develop, justify and make effective decisions on the development of social and economic systems and management of subjects of economic activity/ PRN7. Choose effective methods of managing economic activity, substantiate the proposed solutions on the basis of relevant data and scientific and applied research. PRN12. To substantiate management decisions regarding the effective development of economic entities, taking into account goals, resources, limitations and risks. PRN13. Assess possible risks, socio-economic consequences of management decisions. PRST 1.3. Develop development scenarios and project financing models, justify project financing options, and form project financial budgets. PRST 2.1. Apply the tools of controlling and business analytics to substantiate proposals and make managerial decisions regarding business conduct. PRST 2.2. Identify and evaluate the key parameters of business transformation, develop and substantiate decisions regarding the choice of the optimal method of enterprise transformation based on the use of methods and tools of economic management. COM 1. Conveying to specialists and non-specialists information, ideas, problems, solutions and own experience in the field of professional activity.
Required prior and related subjects: Prerequisites: There are no Co-requisites: Social Responsibility and Social Security Economic tools for managing projects and programs for the development of socio-economic systems Socio-economic systems development strategies Statistical Analysis and Modeling of Socio-Economic Systems and Processes
Summary of the subject: The study of the discipline is aimed at forming students' theoretical knowledge of financial management of business, financial mechanism, organizational and information support of financial management, acquisition of practical skills in the use of methods, tools and levers of financial management to develop solutions for managing cash flows, real and financial investments, capital, assets, profit, financial risks and solutions in the field of anti-crisis business management.
Опис: Theoretical and organizational principles of financial management. The provision system of financial management. Cash flow management. Determination of the time value of money and its use in financial calculations. Profit management. Asset management. The cost and optimization of capital structure. Investment management. Financial risk management. Analysis of the financial statements. Internal financial forecasting and planning. Financial crisis management of business.
Assessment methods and criteria: 1. Current control involves the following assessment methods: - assessment of knowledge in practical classes in the process of discussing problematic scientific and practical issues and solving situational tasks taking into account activity, submitted proposals, original solutions, clarifications and definitions, etc.; - evaluation of test tasks in the National Security Service; - assessment of individual calculation works (control works - correspondence form of education). 2. Examination control provides for the evaluation of the written and oral components.
Критерії оцінювання результатів навчання: Current control (40%): discussion of problematic scientific and practical issues (3); performance of situational tasks (5); testing in the ANS (12); two individual tests (20). Final control - exam (60%): written component (50); oral component (10).
Порядок та критерії виставляння балів та оцінок: Practical classes are evaluated according to the following criteria: 1) discussion of problematic scientific and practical issues taking into account activity, submitted proposals, clarifications and definitions - maximum score 3 points; 2) the results of performing situational tasks: for correct and complete answers, correct conclusions and recommendations - the maximum score is 5 points. Test tasks - solution of test tasks on each topic in the VNS - maximum score 12 points. Individual calculation (control) works are evaluated according to the following criteria: - for correct calculations, correct conclusions and recommendations (maximum score - IRR - 5 points, KR - 6 points); - for correct and complete answers during the defense of the work (maximum score - IRR - 5 points, KR - 6 points). The number of points assigned to the student may be reduced: - for an answer that is incomplete in content or has certain inaccuracies - 1 point; - for an answer that indicates a low level of knowledge of the material and reveals the content of the question by less than 50% - by 2 points; - for the presence of errors in calculations - by 1-3 points. Examination tickets contain: - tasks of the 1st level of difficulty – 2 theoretical questions, each of which is evaluated with 5 points (10 points in total); - tasks of the 2nd level of difficulty - 1 task, which is evaluated with 8 points; - tasks of the 3rd level of difficulty: task 1 – 14 points; task 2 – 18 points. The written and oral components are evaluated according to the same criteria as oral answers and problem solving in practical classes.
Recommended books: 1. Бланк И. А. Финансовый менеджмент. К.: Ника-Центр, 1999. 528с. 2.Партин Г. О., Селюченко Н. Є. Фінансовий менеджмент: підручник. Львів: Видавництво Національного університету «Львівська політехніка», 2018. 388с. 3.Бердинець М. Д., Сурженко А. В. Фінансовий менеджмент у малому бізнесі: навч. посіб. К.: «Центр учбової літератури», 2016. 352 с. URL: https://chtyvo.org.ua/authors/Bedrynets_Myroslava/Finansovyi_menedzhment_u_malomu_biznesi/
Уніфікований додаток: Lviv Polytechnic National University ensures the realization of the right of persons with disabilities to obtain higher education. Inclusive educational services are provided by the Service of accessibility to learning opportunities "Without restrictions", the purpose of which is to provide permanent individual support for the educational process of students with disabilities and chronic diseases. An important tool for the implementation of the inclusive educational policy at the University is the Program for improving the qualifications of scientific and pedagogical workers and educational and support staff in the field of social inclusion and inclusive education. Contact at: St. Karpinsky, 2/4, 1st floor, room 112 E-mail: nolimits@lpnu.ua Websites: https://lpnu.ua/nolimits https://lpnu.ua/integration
Академічна доброчесність: The policy regarding the academic integrity of the participants of the educational process is formed on the basis of compliance with the principles of academic integrity, taking into account the norms "Regulations on academic integrity at the Lviv Polytechnic National University" (approved by the academic council of the university on June 20, 2017, protocol No. 35).