The subject Financial Management: Financing is a compulsory subject that is taught in the second year of the Degree and is framed within module M02, in Business Administration and Management (reflected in the Report of the Official Title of the Degree in Administration and Management of Companies of Economics and Administration Faculty of Vitoria-Gasteiz).

The main objective of the course is focused on ensuring that students acquire an overview and basic training within the functional area of marketing a company. Such training, aimed at empowering students so that they can develop professional practice as head of said area or in the field of business consulting, is complemented by that derived from passing another compulsory subject in the second year, Business

Management: Policies, and subjects that make up the Minor of Marketing that is taken in third and fourth grades. Commercial Management:

Introduction is the first subject that students will take, fully dedicated to the area of Marketing and Market Research, although during the first year a brief contact with the subject is established in the subject Business Economics: Introduction.

SPECIFIC COMPETENCES:



- Analyse, following professional criteria, the economic-financial problems derived from a given financial structure.

- Identify the main sources of financial information that help decision-making in order to select the relevant sources of financing.

- Evaluate and select the most appropriate sources of financing to achieve a financial structure in the company in accordance with its needs and competitive situation.

- Know how to estimate the cost of the company's main sources of financing.

- Issue advisory reports, within the framework of a work team, on the financial situation of a company, using appropriate terminology.



TRANSVERSAL COMPETENCE:



Decision-making and problem-solving (Level 1 proficiency will be required in this competence):

- Recognises the problem to be solved with the help of the teacher and understands the explanations provided by the latter about its causes, the factors that determine it and the possible consequences if it is not solved.

- Gathers the necessary information from the sources indicated by the teacher.

- Analyses the advantages and disadvantages of the alternative solutions to the problem proposed by the teacher.

- Chooses a course of action among the different possible alternatives based on guidelines and criteria provided by the teaching staff.

- Designs a proposal for the implementation and evaluation of the solution advised by the teaching staff.

Financial structure of the company. Sources of business financing:

short-term financing and long-term financing. The weighted average cost of capital.



Contents:



1º) Financial structure of the company.

2º) Sources of short-term business financing.

a. Supplier financing.

b. The short-term loan.

c. The bank discount.

d. The credit line

e. Other sources of short-term financing.

3º) Sources of long-term business financing.

a. Long-term loans.

b. The leasing.

c. Obligations and bonds.

d. Capital increases.

e. Other sources of long-term financing.

4th) The average cost of financial resources: the weighted average cost of capital.

Methodology



The evaluation system will consist of two parts: on the one hand, a continuous evaluation that will include the performance of various activities that will be carried out exclusively during the Practices, Computer and Seminars sessions; and on the other, a final exam.



Through the practical activities developed during the continuous assessment, a maximum of 3 points may be obtained (or 30% of the final mark), therefore the maximum score of the exam is 7 points (or 70% of the final mark).



Through the final test or exam, the theoretical and practical knowledge acquired during the course will be assessed. The type of exam will be specified as the course progresses. It is necessary to get a minimum of 4 points (out of 10) in the exam, so that the practical activities can be valued.



Individual and group tasks will be combined, face-to-face and non-face-to-face, and conceptual tasks versus others applicable to specific business situations. The activities and / or works will be planted throughout the course. Practices will be carried out with a score of 1.5 points and final course work worth 1.5 points. Their evaluation will be exclusively according to the teacher's personal and discretionary criteria. This evaluation will include, in a significant way, the fulfillment of the decalogue of the School's rules of conduct and, in particular, the behavior guidelines required by the teacher (silence, treatment, entrances / exits, mobile and electronic, participation,…). The accumulation of up to FOUR individual notices for breach of these rules will result in an automatic score of ZERO in the continuous evaluation. The grades obtained in the continuous assessment will be applicable to the ordinary and extraordinary calls for the 2021-2022 academic year, but they will not be maintained for subsequent calls.

• Final Assessment System
• Tools and qualification percentages:
  • Written test to be taken (%): 35
  • Multiple-Choice Test (%): 35
  • Individual works (%): 10
  • Team projects (problem solving, project design)) (%): 20

There are two evaluation modalities: a) Mixed and b) Final.



a) The mixed evaluation system will consist of two parts:



- Continuous assessment (3 points): The activities will combine individual and group tasks, face-to-face and non-face-to-face, and conceptual tasks versus others applicable to business situations. At the beginning of the semester, the activities and the dates of completion and delivery will be detailed. For the overcoming of the tasks foreseen in continuous evaluation, it will be required to obtain a minimum of 1.5 points.



- Final exam (7 points): The theoretical and practical knowledge acquired will be valued. The first part of the exam will consist of an eliminatory test (3.5 points), where a minimum grade of 1.4 points will be required to pass this part (a score lower than 1.4 will mean the non-correction of the second part of the exam). In the second part of the exam, several exercises will be proposed, the development of which will be written. To pass the entire final test (test and written development exercises), it will be required to obtain a minimum of 3,

5 points.



The final grade for the course will be the sum of the grade from the continuous assessment and the final exam, provided that a minimum grade of 3.5 points is obtained in the exam, otherwise the exam grade will be kept.



To pass the subject, it will be necessary to have passed each of the two parts that make up the subject's assessment systems, that is, continuous assessment and final exam.



Students may renounce the mixed assessment system and opt for the final assessment. To do this, they must submit by written (through a document available on the Center's website) to the responsible teaching staff their resignation from continuous assessment, within a period of 9 weeks from the start date of the course, in accordance with the academic calendar of the center.



b) The final evaluation system will consist of two parts:



- The final exam (7 points), with the characteristics previously established in the mixed evaluation system.



- The performance, delivery and defense individually in front of the teacher, of the activities aimed at evaluating the skills developed throughout the continuous assessment (3 points). Said delivery and defense must not be carried out after the official date established for the completion of the final test and will take place on the day and time agreed with the teacher, after contacting him. To pass these additional tasks, a minimum of 1.5 points will be required.



To pass the subject, it will be necessary to have passed each of the two parts that make up the subject's assessment systems, that is, continuous assessment tasks and final exam.



The final mark of the course will be the sum of the mark of the tasks framed in continuous assessment and the final exam, provided that a minimum mark of 3.5 points is obtained in the exam, otherwise the exam mark will be maintained. .



Students who do not appear for the final test, regardless of whether they are in the mixed assessment system or in the final assessment system, will be considered as not presented.



If it is found that any of the tests delivered has been copied or plagiarized both totally and partially, the grade in the subject will be failed in that call.



Both in the mixed evaluation system and in the final evaluation, the test-exam will be carried out in person. However, if on the official date of the ordinary exam the face-to-face academic activity at the UPV / EHU remains suspended, the aforementioned test-exam will be carried out virtually. In this case, in advance of the official date of the exam, the details of said test will be communicated through the eGela platform.

In the extraordinary call, those who do not want the grade derived from the activities carried out during the development of the subject to be maintained, will have the right to be evaluated by means of a final test that includes 100% of the subject and that will consist of a theoretical test -practical and a written test aimed at demonstrating the acquisition of the aforementioned transversal competence.

To be determined by the lecturer in charge of this course.

Basic bibliography

BIBLIOGRAFIA



GARCIA, J. D.; BERAZA, A.; LARRAURI, M.; OLASOLO, A.; PEREZ, M. A.; RUIZ, V. y URIONABARRENETXEA, Z. (2010): Instrumentos de financiación empresarial, Universidad del País Vasco, Bilbao.

ARGIBAY, M. (2004): Productos y servicios en Banca, Ed. Ideaspropias, Vigo.

BLANCO, E. (2003): La TAE y la tasa financiero-fiscal de las operaciones financieras, Ed. Editorial Club Universitario, Alicante

INSTITUTO SUPERIOR DE TÉCNICAS Y PRÁCTICAS BANCARIAS (ISTPB) (1980-2004): Agenda bancaria y de costes financieros. ISTPB, S. L., Madrid, TOMO I, Parte OA, capts. 0, 1, 2, 3, 4, 5, 12, 13, 15, 16 y 17.

MASCAREÑAS, J. (2010). Finanzas para directivos, Pearson, Madrid.

MENEU, V.; JORDA, M. P. y BARREIRA, M. T. (1994): Operaciones financieras en el mercado español. Ariel, Barcelona, capts. 2, 3, 8, 9, 10, 11, 12 y 13.

VAN HORNE, J. y WACHOWICZ, J. (2002). Fundamentos de la Administración Financiera (11 ed.). Pearson, México.



BIBLIOGRAPHY OF PRACTICAL CASES:



BREALEY, R. eta MYERS, S. (1998): Fundamentos de financiación empresarial. McGraw-Hill, Madrid

DOMINGUEZ, J.A.; DURBAN, S. eta MARTIN, E. (1990): El subsistema de inversión y financiación en la empresa. Problemas y fundamentos teóricos. Pirámide, Madrid

FERRUZ, L. eta SARTO, J.L. (1995): Casos resueltos de dirección financiera con Lotus y Excel. Gestión 2000, Barcelona

GARCIA-GUTIERREZ, C.; MASCAREÑAS, J. eta PEREZ, E. (1998): Casos prácticos de inversión y financiación en la empresa. Pirámide, Madrid

MADRID, M. F. eta LOPEZ, J.A. (1993): Supuestos de economía de la empresa. Pirámide, Madrid

MARTIN, M. eta MARTINEZ, P. (2000): Casos prácticos de dirección financiera. Pirámide, Madrid

ONU (2015). 17 objetivos para transformar nuestro mundo. Accesible el 13/07/2020 en https://www.un.org/sustainabledevelopment/es/objetivos-de-desarrollo-sostenible/

PEREZ-CARBALLO, A; PEREZ-CARBALLO, J. eta VELA, E. (1997): Principios de Gestión financiera de la empresa. Alianza, Madrid

PEREZ, E. (1998): Prácticas de administración de empresas. Pirámide, Madrid

VAN HORNE, J.C.(1997): Administración financiera. Prentice Hall, México

LEÓN DELGADO, P. (2021): Financiación empresarial. Pirámide, Madrid

In-depth bibliography

To be determined by the lecturer in charge of this course.

Journals

To be determined by the lecturer in charge of this course.

Web addresses

To be determined by the lecturer in charge of this course.