Delivered at:: Department of Finance

Course type:: Elective course

When:: 2 year, 2-4 module

Instructors

Мустафин Альмир Айратович

Smirnova, Elena

Full Syllabus

Abstract

The Research seminar "Finance" is included in the working curriculum in the direction 38.03.01 "Economics", the level of training is "bachelor". Skills, knowledge, abilities and competencies acquired within the framework of the research seminar should be used in the future when doing term work. The Research Seminar course draws on the theoretical foundations of Information Library Culture and Fundamentals of Research, as well as other economic and financial disciplines. The independent work of the student consists mostly in the preparation and implementation of creative tasks on topics corresponding to the topic of the term work. During the The Research seminar "Finance", it is supposed to study the basics of preparing such types of scientific papers as: Research Proposal, Working Paper, article abstracts, articles for Russian and foreign journals.

Learning Objectives

Development of basic research skills, study of literature background on the chosen topic, culture of scientific discussion.

Expected Learning Outcomes

Analyze the data necessary for the evaluation of economic and financial indicators that characterize the activities of economic actors.
Compile a bibliograpy. Read and understand scientific publications on current financial issues, compare and summarize the opinions of different researchers.
Apply modern technical means and information technologies to solve analytical and research problems.
Gather the initial data sources, analyze them and prepare an information review and / or analytical report using domestic and foreign sources of information

Course Contents

Background reading
Fundamentals of scientific research methodology.
Research methods & Data acquisition
On Diplomas
Data downloading
Forecasting
Forecasting-2
Interconnections
Building FCFF, FCFE

Assessment Elements

Research Article Presentation
Presentation at a seminar with an overview of a thematic research article on financial issues. Teamwork (in pairs). The goal is to convey the content of the article to a group of students, to initiate a discussion.
Essay on the topic of the presented article
Use of English as a working language
Use of English as a working language. Oral communication, productive discussion. Competent writing in an academic style.
Активность
Active participation in seminars, participation in the discussion of financial studies, regular attendance of classes
Preparing an information model for financial analysis
Extracting, transforming, and loading external data into a financial model
A brief analysis of the financial statements
Evaluating a company's performance or value by using a number of techniques, such as horizontal, vertical, or ratio analysis
Profit and Loss Forecast
Projecting income statement line items: Sales Revenue, Cost of Goods Sold, Total Expences, Depreciation, Interests, and Taxes
3-statement modeling
Forecasting Balance Sheet and Cash Flow Statement. Exploring the linkages and interconnections between the Income Statement, Cash Flow Statement and Balance Sheet
Free Cash Flow forecasting
Building Free Cash Flows to Firm and to Equity, calculating WACC, finding EV, EqV
Financial Forecasting Model
Financial Reporting Simulation Report, Analysis and Forecast
Calculating WACC in different ways
Seminar Activity
Preparing an investment report. Stand-ups
4 stand-ups covering the current progress in preparing an investment report
Preparing an investment report. Final presentation.
Valuation using market approach

Interim Assessment

2022/2023 4th module
0.133 * Essay on the topic of the presented article + 0.067 * 3-statement modeling + 0.1 * Valuation using market approach + 0 * A brief analysis of the financial statements + 0 * Financial Forecasting Model + 0.067 * Use of English as a working language + 0 * Free Cash Flow forecasting + 0.166 * Preparing an investment report. Final presentation. + 0.067 * Seminar Activity + 0 * Preparing an information model for financial analysis + 0.1 * Preparing an investment report. Stand-ups + 0.033 * Активность + 0.067 * Profit and Loss Forecast + 0.1 * Research Article Presentation + 0.1 * Calculating WACC in different ways

Bibliography

Recommended Core Bibliography

Economists' mathematical manual, Sydsaeter, K., 2005
Fundamentals of financial management, Brigham, E.F., 1986
Research methodology : a step-by-step guide for beginners, Kumar, R., 2019
Research methodology for economists : philosophy and practice, Johnson, G. L., 1986

Recommended Additional Bibliography

Communication research methodology : a strategic approach to applied research, Pettey, G. R., 2017
Intermediate Financial Management, Brigham, E.F., 1993

Authors

SMIRNOVA ELENA YUREVNA
AFANASEV VLADISLAV VIKTOROVICH
Соловьева Екатерина Евгеньевна

Bachelor’s Programme 'Logistics and Supply Chain Management'

Research Seminar "Finance"