Финансовый менеджмент

Бакалавриат 2026/2027

Статус: Курс обязательный (Международный бизнес)

Кто читает: Департамент финансового менеджмента

Где читается: Высшая школа бизнеса

Когда читается: 3-й курс, 1, 2 модуль

Охват аудитории: для своего кампуса

Преподаватели: Лапин Дмитрий Геннадьевич

Язык: английский

Кредиты: 5

Контактные часы: 60

Full Syllabus Ask Question

Abstract

The course covers the current financial environment, basic concepts of financial management and the logic of investment and financial decision-making at the corporate level, principles of managing cash flows of an organization with a view to maximizing the market value of the business. Special attention is paid to the development of practical skills to develop a financial model for an investment project and to assess its economic effectiveness in the context of risks and uncertainties.

Learning Objectives

Formation of complex and systemic knowledge in the field of corporate finance and acquisition of skills for informed investment decisions of projects of development and implementation of digital innovation technologies.

Expected Learning Outcomes

Know key concepts of financial management in practice
Understand and apply calculations of main financial and market ratios
Able to calculate the value of an asset based on its cash flows
Make financial calculations based on the time value of money
Allocate and calculate the company's cash flows
Calculate the cost of capital for various elements: credit, bonds, shares, as well as the weighted average cost of capital
Form investment portfolio based on various assets
Know an optimal capital structure
Know how to plan operating net working capital
Evaluate the effectiveness of investments in real assets based on key.

Course Contents

Topic 1 – Introduction to financial management.
Topic 2. Cash flows – the basis of financial calculations
Topic 3. Bonds as a tool for debt financing.
Topic 4. Shares as an equity financing source
Topic 5. Risk and profitability. Investment portfolios
Topic 6. Companies’ Capital Structure
Topic 7. Real assets Investments
Topic 8. Working capital management
Topic 9. Settlements with the owners. The company's dividend policy and value

Assessment Elements

Written Assignment 1
Intermediate testing, assessing students' understanding of the subjects completed, includes open and closed questions, calculation tasks
Written Assignment 2
offline, on the Start Exam platform or Smart Lms in HSE computer classes or written test
Group project
The goal of the project is to develop skills in the formation and optimization of the investment portfolio, substantiate the principles and criteria for diversification and selection of assets, analyze the financial indicators of the assets from which the investment portfolio is formed, as well as analyze the performance indicators of the formed portfolio over a certain time period and develop recommendations for monitoring and managing the investment portfolio
Attendance
Attendance control is carried out by recording students’ presence at each lecture and seminar session. The grade is assigned based on a progressive scale of discipline requirements. The maximum score (10) is awarded only when there are no missed classes. Student presence is counted ONLY if all conditions are met: 1. Timeliness: The student enters the classroom no later than 10 minutes after the start. Lateness >10 minutes = absence. 2. Completeness: The student is present until the end of the class. 3. Engagement: The student actively participates in the seminar, does not engage in extraneous activities and does not use gadgets (unless provided for by the format). Academic Honesty: In case of falsified attendance confirmation, the grade for the “Attendance” element is set to 0.1 points. Attendance is recorded by the instructor (including through the use of technical means for reading student IDs). The student is required to have their student ID to confirm presence.
Exam

Interim Assessment

2026/2027 2nd module
0.2 * Group project + 0.15 * Written Assignment 1 + 0.4 * Exam + 0.05 * Attendance + 0.15 * Written Assignment 2

Bibliography

Recommended Core Bibliography

9781265652463 - Richard A. Brealey, Stewart C. Myers, Franklin Allen et al - Principles of Corporate Finance, 14th ed. - 2022 - McGraw-Hills - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=3242150 - nlebk - 3242150
Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.
Corporate finance, Berk, J., 2024
David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, & Collette Kirwan. (2020). International Financial Reporting & Analysis, Edition 8: Vol. Eighth edition. Cengage Learning.

Recommended Additional Bibliography

Corporate finance, Ross, S. A., 2019
Fundamentals of corporate finance, Berk, J., 2021

Authors

Lapin Dmitrii Gennadevich

Course Syllabus