The MS - Master of Science in Financial Management program is taught in English. It consists of 60 European credits and take 1 academic year of 9 months of full-time studies to complete (up to 3 quarters). Total contact hours amount to 540. Courses offered by local faculty are scheduled between Monday and Friday, between 9am at the earliest and 9pm at the latest.
Core Courses in Financial Management
GCCFM11 - Financial Statement Analysis (2)
To make rational decisions, managers must have analytical tools. To negotiate effectively for outside funds, one needs to be attuned to all aspects of financial analysis that outside suppliers of venture capital use in evaluating the firm. The useful tools of financial analysis and planning are the subjects of this course. Balance sheets, income statements, the use of financial ratios, trend analysis, common size and index analysis form the base for discussion.
GCCFM12 - Cost-Volume-Profit Analysis (2)
In this course we explore the impact on profitability of both operating and financial leverage. Break-even analysis, together with the degree of operating leverage (DOL) and business risk are considered thoroughly. Also, EBIT-EPS break-even, the degree of financial leverage (DFL), and financial risk are discussed in detail. The degree of total leverage (DTL) and total company risk also form an integral part of the course.
GCCFM13 - Budgeting (2)
Budgets are an important tool for effective planning and control in every organization. In this course, we describe the purpose of a budget and we distinguish a budget from a forecast and from a strategic plan. Also, the different types of budgets are considered. The process of budget preparation, together with the management control of operations, and the appraisal of operations, are also studied in dept. Variance analysis problems and comprehensive case studies guarantee a contemporary and practical approach to budgeting.
GCCFM14 - International Financial Management (2)
Managers of most companies must be sensitive to the international aspects of business finance. In this course, we highlight the dimension of multiple currencies and show that foreign exchange risk is a major risk to which international businesses are exposed. Effective strategies for the reduction of foreign exchange risk and direct foreign investment are discussed.
GCCFM21 - Mathematics of Finance (2)
This course provides an introduction to the Mathematics of Finance, focusing on interest, annuities, amortization and sinking funds, bonds, capital budgeting, depreciation, contingent payments, and insurance.
GCCFM22 - Working Capital Management (2)
Managing an organization’s working capital is a continuous activity that ensures that sufficient financial resources are available to continue operations. This involves a number of activities related to the analysis of funds flows and financial forecasting. Among the questions considered are: How much cash and inventory should we keep on hand? Should we sell on credit? What credit terms should we offer and to whom should we extend them? How and where should we obtain short-term financing? Should we purchase on credit or should we borrow short-term and pay cash?
GCCFM23 - Mergers and Acquisitions (2)
External growth is an essential requirement for the success and viability of many organizations. The main idea behind mergers and acquisitions is to create extra value for the shareholders. Strategic acquisitions, (hostile) takeovers, tender offers, strategic alliances and divestiture are thoroughly considered. Also, corporate restructuring, sell-offs, spin-offs, and leveraged buyouts form an integral part of the course.
GCCFM24 - Capital Budgeting (2)
This course provides a detailed coverage of the essential Capital Budgeting evaluation techniques, such as the payback method (P.M.), net present value (N.P.V.), the profitability index (P.I.), and the internal rate of return (I.R.R.).
For admission, students are required to have obtained a Bachelor degree (or equivalent, or higher) and be proficient in English.
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Last updated June 23, 2016