Sarens Gerrit ;
Nsabimana André (compensates Sarens Gerrit) ;
Financial statements, balance sheet, income statement and cash flow statement.
Financial statements analysis. Solvability, liquidity and profitability.
Financing decisions. Issues of common shares or corporate bonds.
Capital budgeting decisions
Objectives (in terms of competencies)
Give to our student a fair understanding of the methods and concepts that support the decion processes in the field of finance. A specific attention is dedicated to the capital budgeting decisions and the financing decisions.
The contribution of this Teaching Unit to the development and
command of the skills and learning outcomes of the programme(s) can be
accessed at the end of this sheet, in the section entitled
“Programmes/courses offering this Teaching Unit”.
Overview of the financial statements. Financial forecastings. Profitability analysis, Return on Equity and Return on Investment. Risk-return trade-off associated to the debt. Financial leverage. Risk-return trade-off associated to the fixed assets and fixed cost. Operating leverage. Financing decisions : issues of common stocks vs issue of corporate debt. Weighted average cost of capital (WACC) Selection criteria in capital budgeting : payback, internal rate of return,net present value. Introduction of risk in capital budgeting.
Minor in Mangement (basic knowledge)
Master  in Electrical Engineering
Master  in Civil Engineering
Master  in Computer Science and Engineering
Master  in Computer Science
Master  in Electro-mechanical Engineering
Master  in Mechanical Engineering
Master  in Physical Engineering
Master  in Chemical and Materials Engineering
Master  in Mathematical Engineering
Master  in Biomedical Engineering
Master  in Data Science Engineering
Master  in data Science: Information technology
Master  in Chemistry