Finance Project (2235.YR.003898.1)
General information
Type: |
OBL |
Curs: |
1 |
Period: |
S semester |
ECTS Credits: |
3 ECTS |
Teaching Staff:
| Group |
Teacher |
Department |
Language |
| Year 1 |
Gloria Batllori Lloveras |
Economía, Finanzas y Contabilidad |
ENG |
Prerequisites
This a Core Course for MSc in Finance Students.
COURSE CONTRIBUTION TO PROGRAM
The Finance Project is a hand-on activity which enable students to better integrate the concepts and tools acquired in other courses of the Master program (Financial Analysis and Reporting, Investments, Financial Modelling and Corporate Valuation). Students will be requested to analyze and valuate a publicly listed company, prepare a financial report and participate in a simulation game (a negotiation).
Course Learning Objectives
- To selectively apply concepts and tools in performing financial analysis and valuation;
- To capably select the most relevant information in a rich information environment (i.e., management report, third-party analysis, financial press, etc.);
- To elaborate a clear, concise and informative financial report with the main findings after selecting the most relevant pieces of information;
- To integrate concepts and tools in analyzing market conditions and metrics into the financial analysis and valuation of a actively traded firm;
- To capably employ various sources of financial information, including Bloomberg, Eikon and Facset databases, in elaborating the financial analysis and valuation;
- To develop writing (report) and communication skills (simulation game).
CONTENT
1. Financial Report The Financial report has two main sub-parts: (1) Financial Analysis and (2) Valuation. The Financial Analysis sub-part should analyze a firm's business strategy in relation to key financial accounts and performance/risk metrics. The financial analysis should expose both advantages and challenges of operating in a particular industry, as well as the management strategy in sustaining (strengthening) a firm's competitive position. The evolution of a firm's risk profile and financial performance over the last five years is required. The financial analysis is expected to be an integrative part of a firm's valuation, which comprises the second sub-part of the financial report. Different approaches to valuation should be considered and a recommendation buy/hold/sell should be issued. |
2. Simulation The simulation will represent a negotiation. A potential buyer will negotiation a purchase price with the management. |
ASSESSMENT
ASSESSMENT BREAKDOWN
| Description |
% |
| Financial Report |
85 |
| Simulation |
15 |
Assessment criteria
Different activities will be scheduled during the term to support the activities of the finance project. Such activities include: information sessions, training sessions (Bloomberg and other data sources), and tutorial sessions.
The teamwork is part of the learning process. We expect that all members of the group participate in the elaboration of the report and during the simulation of a negotiation. The decision about "role-playing" in the simulation and the distribution among members should be taken by each group.
The final grading of the Project will be determined as follows.
1. Finance report (evaluated on a relative basis( and negotiation: 70%
Report 60%, including analysis sub-report (30%)
and valuation sub-report (30%), and Negotiation - 10%
2. Individual evaluations: 30%
Important remarks:
1. A minimum grade of 5 is required to pass the course. .
2. In case of a failing mark, professors will demand a review and resubmit of those parts of the project that they consider should be significantly improved. The professors may ask the new report(s) to be done individually.
Timetable and sections
| Group |
Teacher |
Department |
| Year 1 |
Gloria Batllori Lloveras |
Economía, Finanzas y Contabilidad |
Timetable Year 1
From 2024/2/6 to 2024/3/11:
Each Tuesday from 15:30 to 17:00. (Except: 2024/3/5)
Each Tuesday from 17:15 to 18:45. (Except: 2024/3/5)
Each Monday from 14:15 to 15:45. (Except: 2024/2/12, 2024/2/19 and 2024/2/26)
From 2024/3/4 to 2024/3/19:
Each Tuesday from 15:30 to 17:00. (Except: 2024/3/5)
Each Tuesday from 17:15 to 18:45. (Except: 2024/3/5)
Each Monday from 16:00 to 17:30. (Except: 2024/3/18)
Tuesday2024/4/2:
From 15:30 to 17:00.
From 17:15 to 18:45.
