Financial Management

Previous knowledge: financial accounting, financial calculation (time value of money) and financial analysis

The teaching of the course is based on recent research materials and the experience obtained through practice. The pedagogy of the course is strongly interactive. It wants substantial student participation and know-how learning. Teaching methods include group discussion of real cases and individual elaboration of pedagogical exercises. Emphasis is placed on helping students relate concepts, ideas and theories to real practice.

The classes are theoretical-practical, with presence (and active participation) in classes optional, although strongly advised.

Provide students with the necessary bases to rationalize the financial problems of companies, seeking to present with rigor and depth a conceptual and methodological framework for their analysis.

1. INTRODUCTION
1. The financial management
2. The objectives of financial management
3. Main tasks and decisions of financial management. Internal organisation and financial function
4. The external environment
5. Agency conficts
6. Corporate governance and financial management
2. INVESTMENT DECISIONS: AN INTRODUCTION
1. The economic and financial decision to implement an investment project
2. Some Decision Criteria on Project Decision
3. Some financing solutions for real asset investments
3. MEDIUM AND LONG TERM FINANCING AND COST OF CAPITAL
1. Characteristics of the main sources of long-term financing
2. Main Financial Instruments of the Capital Markets
3. Capital structure policy and its main determinants
4. Risk, profitability and opportunity cost of capital: the CAPM and the dividend models
5. Determination of WACC
4. DISTRIBUTION TO SHAREHOLDERS
1. Different forms of distribution of results: dividends and repurchases
2. Key determinants of the distribution policy
5. TREASURY MANAGEMENT
1. Basic principles of treasury management
2. Working Capital Management
3. Characteristics of major short-term financial investments
4. Characteristics of the main sources of short-term financing
6. FINANCIAL PLANNING
1. Short-term financial planning: the cash budget
2. Medium and long-term financial planning: the preparation of the financial planning
3. Forecasted financial statements: the balance sheet and income statement

NAO

1. Benzinho, J. (2015). Os objetivos da empresa e da gestão financeira. O comportamento dos investidores e gestores. O governo da empresa. ResearchGate.
2. Benzinho, J. (2016). A distribuição de riqueza pelos proprietários da empresa. ResearchGate.
3. Caldeira de Menezes, H., (2001). Princípios de Gestão Financeira, 13a edição. Editorial Presença.
4. Martins, A. et al (2016), Manual de Gestão Financeira Empresarial, 2a edição, Escolar Editora.
5. Morgado, A. e J. C. Dias (2011). Fontes de financiamento de médio e longo prazo. ISCAC, Moodle/Inforestudante.
6. Vidigal da Silva, J. Ferreira, P. J. S. (2018), Princípios de Gestão Financeira, 2a Edição, Rei dos Livros.
7. Vieito, J. P., Maquiera, C. P. (2013). Finanças Empresariais – Teoria e Prática, 2a edição. Escolar Editora.

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