SYLLABUS Academic year

Transcription

1 Facultatea de Business Str. Horea nr. 7 Cluj-Napoca, RO Tel.: Fax: tbs@tbs.ubbcluj.ro SYLLABUS Academic year Information regarding the programme 1.1. Higher education institution Babeş-Bolyai University 1.2. Faculty Faculty of Business 1.3. Department Business 1.4. Field of study Business Administration 1.5. Study cycle Bachelor 1.6. Study programme / Qualification Business Administration 2. Information regarding the course 2.1. Name of the course Analiză economică și financiară/economic and Financial Analysis 2.2. Code ILE Course coordinator Assistant Professor Larissa-Margareta Bǎtrâncea, Ph.D Seminar coordinator Assistant Professor Larissa-Margareta Bǎtrâncea, Ph.D Year of study Semester II 2.7. Type of evaluation E 2.8. Type of course compulsory 3. Total estimated time (hours/semester of didactic activities) 3.1. Hours per week 4 Of which: 3.2. lecture seminar/laboratory Total hours in the curriculum 48 Of which: 3.5. lecture seminar/laboratory 24 Time allotment: ore Learning using manual, course support, bibliography, course notes 32 Additional documentation (in libraries, on electronic platforms, field documentation) 32 Preparation for seminars/labs, homework, papers, portfolios and essays 30 Tutorship 2 Evaluations 2 Other activities: Total individual study hours Total hours per semester Number of ECTS credits 6 4. Prerequisites (if necessary) The course requires knowledge of basic notions provided by the disciplines 4.1. curriculum Corporate Finance and Financial Accounting studied in year II of the bachelor study cycle competencies Not applicable. 5. Conditions (if necessary) 5.1. for the course Course room with computer and beamer for the seminar/lab activities Course room with computer and beamer; students should bring pocket calculators.

2 Transversal competencies Professional competencies 6. Specific competencies acquired implementing procedures specific for economic and financial, in order to identify causes and interpret the interaction between a company/an organization and the external environment; assisting company/organization by assessing the financial state of economic entities via the systems of economic and financial indicators; critically assessing, synthesizing and stating conclusions regarding the results obtained within a subdivision of a company/organization in the framework of economic and financial ; developing the report and interpreting the conclusions, with the purpose of innovatively using it during the business process. accomplishing economic and financial tasks by rigorously following principles and norms of professional ethics; implementing techniques in order to develop efficient communication skills and managerial capabilities within multispecialty teams; widening the spectrum of economic and financial knowledge by continuously accessing information sources available in Romanian and other foreign languages. 7. Objectives of the course (outcome of the acquired competencies) 7.1. General objectives becoming well-acquainted with the basic concepts of economic and financial ; emphasizing the phenomena and processes within the economic environment by using general or specific investigation methods; developing capabilities of using statistical-mathematical instruments in practicing economic and financial ; acquiring a scientific language, specific for economic and financial. Part I: Theoretical-methodological bases of economic and financial learning instruments useful to elaborate models for efficiently analyzing phenomena occurring within the microeconomic environment; interpreting influences of factors which act upon economic phenomena and suggesting adequate solutions for increasing economic efficiency; determining the role of economic and financial with 7.2. Specific objectives respect to each decision-maker/user of financial statements. Part II: Analysis of the entity s economic and financial status developing abilities of reading financial statements; getting accustomed to the structure of financial statements and the information they provide, in order to achieve a global economic and financial as relevant as possible; acquiring the methodology of analyzing financial statements and developing students capabilities of computing and, chiefly, interpreting indicators typical for the economic and financial. 8. Content

3 8.1. Course Teaching methods Remarks Models of 1. Economic and financial Decomposing into factors methodological approaches Order of phenomena evolution Quantitative and qualitative factors Components of the microeconomic analyses system 2. Microeconomic system Types of microeconomic Specificity of microeconomic Stages and content of the 3. Microeconomic system process 4. Methodology of the entity s economic and financial 5. Methodology of the entity s economic and financial 6. Methodology of the entity s economic and financial 7. Analysis of the entity s financial 8. Analysis of the entity s financial 9. Financial of asset 10. Financial of asset 11. Analysis of financial equilibrium Methodology of quantitative Methodology of competition Procedures established by the specialty literature and economic practice Procedure of isolated determination Procedure of chained substitutions Procedure of distribution coefficients Procedure of the matrix calculation Procedure of the balance sheet Procedure of the relative chained substitutions Procedure of the indices Procedure of index logging Procedure of relative balance Procedure of regression Procedure of production functions Balance sheet Analyzing the evolution of financial by determining chain-based indices Structure ratios Comparing results with average values corresponding to different industries and with safety intervals Assets rotation speed Treasury excess/deficit Dynamic model of inventories rotation Liabilities rotation speed Treasury excess/deficit Comparison with assets rotation speed Liquidity Solvability Working capital Working capital requirements

4 Net treasury 12. Analysis of financial performance Profit and loss account Vertical and horizontal Structure ratios Profitability ratios Cash flow statement Direct method of determining cash flows on three types of activities 13. Cash flow Indirect method of determining cash flows on the three types of activities Interpreting total and activity-based excess/deficit Statistical models 14. Analysis of bankruptcy risk Banking models Safety intervals 1. Bǎtrâncea, I., Bǎtrâncea, L.M., Moscviciov, A., Nichita, A., Financial statement, Editura Risoprint, Cluj-Napoca, Bătrâncea, I., Bătrâncea, L.M., Borlea, S., Analiza financiară a entităţii economice, Editura Risoprint, Cluj-Napoca, Bătrâncea I., Raportări financiare, Editura Risoprint, Cluj-Napoca, Bătrâncea, I. (coordonator), Analiza financiara pe baza de bilant, Editura Presa Universitara Clujeana, Cluj-Napoca, Bătrâncea, I., Analiza economico-financiară a societăţilor comerciale, Editura ETA, Cluj-Napoca, Buşe, L., Analiză economico-financiară, Editura Economică, Bucureşti, 2005 Bibliography 7. Greuning H.V., Standarde Internaţionale de Raportare financiară, Institutul Irecson, Bucureşti Mironiuc, Marilena, Analiza economico-financiară.elemente teoreticometodologice şi Aplicaţii, Editura SedcomLibris, Iaşi, Păvăloaia, W., Analiza economico-financiară. Concepte, studii de caz, aplicaţii, Editura Moldavia, Bacău, Radu, F., Metode şi tehnici de analiză financiară, Editura Scrisul Românesc, Craiova Vâlceanu, Gheorghe. Robu, Vasile, Georgescu, Nicolae, Analiza economicofinanciară, Editura Economică, Bucureşti, *** Standarde internaţionale de raportare financiară, Ghid practic, Banca Mondială, Seminar Teaching methods Remarks Models of 1. Economic and financial Decomposing into factors methodological approaches Order of phenomena evolution Quantitative and qualitative factors Components of the microeconomic analyses system 2. Microeconomic system Types of microeconomic Specificity of microeconomic 3. Microeconomic system Stages and content of the process

5 4. Methodology of the entity s economic and financial 5. Methodology of the entity s economic and financial 6. Methodology of the entity s economic and financial Methodology of quantitative Methodology of competition Procedures established by the specialty literature and economic practice Procedure of isolated determination Procedure of chained substitutions Procedure of distribution coefficients Procedure of the matrix calculation Procedure of the balance sheet Procedure of the relative chained substitutions Procedure of the indices Procedure of index logging Procedure of relative balance Procedure of regression Procedure of production functions Balance sheet 7. Analysis of the entity s financial Analyzing the evolution of financial by determining chain-based indices Structure ratios 8. Analysis of the entity s financial Comparing results with average values corresponding to different industries and with safety intervals Assets rotation speed 9. Financial of asset Treasury excess/deficit Dynamic model of inventories rotation Liabilities rotation speed 10. Financial of asset Treasury excess/deficit Comparison with assets rotation speed Liquidity Solvability 11. Analysis of financial equilibrium Working capital Working capital requirements Net treasury Profit and loss account Vertical and horizontal 12. Analysis of financial performance Structure ratios Profitability ratios Cash flow statement Direct method of determining cash flows on three types of activities 13. Cash flow Indirect method of determining cash flows on the three types of activities Interpreting total and activity-based excess/deficit 14. Analysis of bankruptcy risk Statistical models

6 Bibliography Banking models Safety intervals 13. Bătrâncea, I., Bătrâncea, L.M., Borlea, S., Analiza financiară a entităţii economice, Editura Risoprint, Cluj-Napoca, Bătrâncea I., Raportări financiare, Editura Risoprint, Cluj-Napoca, Bătrâncea, I. (coordonator), Analiza financiara pe baza de bilant, Editura Presa Universitara Clujeana, Cluj-Napoca, Bătrâncea, I., Analiza economico-financiară a societăţilor comerciale, Editura ETA, Cluj-Napoca, Buşe, L., Analiză economico-financiară, Editura Economică, Bucureşti, Greuning H.V., Standarde Internaţionale de Raportare financiară, Institutul Irecson, Bucureşti Mironiuc, Marilena, Analiza economico-financiară.elemente teoreticometodologice şi Aplicaţii, Editura SedcomLibris, Iaşi, Păvăloaia, W., Analiza economico-financiară. Concepte, studii de caz, aplicaţii, Editura Moldavia, Bacău, Radu, F., Metode şi tehnici de analiză financiară, Editura Scrisul Românesc, Craiova Vâlceanu, Gheorghe. Robu, Vasile, Georgescu, Nicolae, Analiza economicofinanciară, Editura Economică, Bucureşti, *** Standarde internaţionale de raportare financiară, Ghid practic, Banca Mondială, Corroborating the content of the course with the expectations of the epistemic community, professional associations and representative employers within the field of the program The course is useful for all liberal professions derived from the economics profession, as following: - credit analyst, in grounding the of the bank clients creditworthiness; - stock market analyst, in grounding decisions of investing on the stock market; - financial evaluator, in grounding assessment diagnosis; - financial auditor, in stating the auditor s opinion, especially concerning the application of the continuous activity principle; - accounting expert, in diagnosing the financial state of the entity; - fiscal consultant, in grounding the tax base, which is directly linked to the financial performances achieved by an economic entity; - financial liquidator, in grounding the diagnosis for liquidating an economic entity. 10. Evaluation Type of activity 10.1 Evaluation criteria 10.2 Evaluation method 10.3 Share of final grade correctly applying Course the learnt notions; interpreting obtained results. Final exam 70% Report on analyzing the capacity of applying financial state of an entity learnt notions. selected by the student 20% Seminar/lab activities interest for individual training; seriousness in approaching problems. Active attendance in seminars 10%

7 10.6. Minimum performance standards knowledge of basic notions and their application to practical situations; interpretation of obtained results. Date Signature of course coordinator Signature of seminar coordinator Larissa-Margareta BĂTRÂNCEA, Ph.D. Larissa-Margareta BĂTRÂNCEA, Ph.D. Date of approval Signature of the Head of department Ioan Cristian CHIFU, Ph.D.