Corporate finance - BMEGT35M105

The subject is designed to give the students a broad overview of financial goals and assets of corporations (PLCs), to get them acquainted with project evaluation techniques and methods for supporting decision making. Students will examine financing opportunities and decision methodes for corporations, investors' considerations, the relation bet-ween return and risk. Developing this course syllabus, we have aimed to cover module V (Corporate finance) of the international CFA (Chartered Financial Analyst) exam. Teaching focuses on enabling students to adapt their theore-tical knowledge in practice.

1. • financial goals and assets of corporations,
2. • evaluation methods for corporate investment and financing decisions,
3. • processes providing basis for the evaluation of assets on financial markets,
4. • evaluation methods of corporate projects,
5. • financial contexts of decision-making processes.

1. • plan and organize independent learning,
2. • comprehend and use the professional literature of the topic,
3. • recognize the contexts behind financial decisions,
4. • do calculations that support decision-making.

1. • are open to learn about and adapt innovations in finance,
2. • collaborate with their instructors and peers during the learning process,
3. • gain knowledge and information,
4. • make use of ICT tools.

1. • are open to accept reliable critical remarks
2. • collaborate with other students in performing assignments during the learning process
3. • are able to make independent decisions
4. • are capable of making informed jusgements in the financial decision-making processs
5. • can weigh the significance of their responsibilities and foresee the consequences of their decisions

Lectures, verbal and written communication, use of ICT tools and techniques.

• 1. Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni./Lecture slides which will be uploaded continously during the semester.
• 2. Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
• 3. Brealey, R. - Myers, C.S. - Allen, F.: Principles of Corporate Finance, McGraw-Hill, 2008.

Assessment of the learning outcomes described under 2.2. is based on two written mid-term tests.

- Participation in the group assignment is a condition for obtaining the signature. Deatils of the group work will be discussed on the first lecture. - The complex written assessment of knowledge and skill competencies of the subject is based on an exam in the exam period. The parts of the learning material for the exam are selected by the lecturer of the subject. Working time for the exam is announced during the semester.

• Participation in the group assignment : -
• Additional points for active participation in lectures: -

• Semester-end written exam: 100 %

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Correction and replacement is according to TVSZ.

Present and future value of money Capital budgeting Analysis of risk factors Cost of Capital Long-term policies, capital structure Short-term policies, working capital Dividend policy Taxation Liquidity management, corporate default