Fz FINANCE
Fz00000. FINANCIAL MATHEMATICS
Basic knolowdge about financial Mathematics to solve practical problems. Also, the student will learn how to build financial mathematical models to support the decision making process. , Dryden.
Value of money through time. Study of financial statements. Tools in capital budgets. Estimation of cash flow. Introduction to risk and income. Principles of work management. Textbook: Brigham and Weston, Fundamentos de administración financiera, McGraw-Hill. Van Horne, Fundamentos de Administración Financiera, Prentice Hall. Brigham, Fundamentals of Financial Management, Dryden.
CAMPUS: ALL CAMPUSES
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Fz00861. FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION
Understanding corporate financial statements for decision-making. Basic financial statement analysis. Tools and actions of financial analysis. Income-yield capacity. Circulating capital. Leverage. Actions. Reexpressed financial statements. Textbook: Alberto García, Análisis e Interpretación de la Información Financiera Reexpresada, CECSA. Guadalupe Ochoa, Administración Financiera I, Alhambra. Leopold Berntein, Financial Statement Analysis, Irwin.
CAMPUS: VER, CHIH, CCM, C.JUA, OBRE, CEM, GDA, HID, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Fz00862. CAPITAL FINANCIAL STRUCTURES
Management of fixed assets. Principles of capital budget. Risk factors. Capital costs. Capital structures. Value of a company. Dividend policy. Textbook: James Van Horne, Administración Financiera, Prentice Hall, 9th edition.
CAMPUS: CHIH, OBRE, GDA, MAZ.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Fz00863. MONEY AND CAPITAL MARKETS
Alternative investment principles in Mexico. Study of flow of funds, level structures of interest rates as well as monetary policies and their effect on those interest rates. The themes covered in this course will be analyzed from an international perspective. Textbook: Fabozzi and Modigliani, Capital Markets, Prentice Hall. Robert Kolb, Investments. Riehl and Rodríguez, Mercado de Divisas y Mercado de Dinero, McGraw-Hill.
CAMPUS: VER, CHIH, CCM, C. JUA, OBRE, CEM, GDA, HID, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Description and analysis of internal and external financial resources of a company for short- and long-term investments. Financial structures. Costs of financial resources. Financial level. Financial sources: banking intermediation systems, stock exchange transaction, fomentation funds, internal sources and international finance. Textbook: Kohn, Financial Institutions and Markets, McGraw-Hill, Fabozzi, Modigliani and Ferri, Financial Markets and Institutions, Prentice Hall.
CAMPUS: VER, CHIH, CCM, C. JUA, OBRE, CEM, GDA, HID, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Fz00871. MANAGEMENT OF WORKING CAPITAL AND CAPITAL STRUCTURES
Cash management. Management of accounts receivable and accounts payable. Investment policies. Liquidity analysis and financial flexibility of an industry. Short-term financing and money markets. Financial structures. Capital costs. Leverage of an industry. Textbooks: Maness and Zietlow, Short-Term Financial Management,West. Hill and Sartoris, Short-term Financial Management, MacMillan. Gallinger and Headly, Liquidity Analysis and Management, Addison-Wesley. Brigham and Gapenski, Intermediate Financial Management, Dryden.
CAMPUS: VER, CHIH, CCM, C. JUA, OBRE, CEM, GDA, HID, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: FALL
LANGUAGE OF INSTRUCTION: SPANISH
Simple interest and compound interest. Value of money through time. Methods for project evaluation. Evaluation of cash flow. Capital budgeting decisions. Uncertainty of capital budget. Leasehold. Technical analysis. Market analysis. Textbook: Bierman and Smidt, The Capital Budgeting Decision, MacMillan. Levy, Haim and Sarnat, Capital Investment and Financial Decisions, Prentice Hall.
CAMPUS: ALL CAMPUSES
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
The Financial Theory course presents an intermediate-level approach
to corporate finances that provides students with tools necessary
for financial decision making. As financial theory is basically
an application of microeconomic theory, the course starts with
the microeconomic foundations of financial decision making. Concerning
the different topics under discussion, however, there are frequent
references to concepts pertaining to accounting, whose fundamentals
are also reviewed. Much has been written about whether the financial
market is efficient or not. Due to the importance of this debate
and its further implications, the relevant literature is reviewed.
Another topic of current interest is stock evaluation and investment
decisions, which are related to the final part of this course:
modern theory of portfolios and diversification. Students study
different models of equilibrium and their implications for stock
valuation as well as statistical methods for testing these models'
validity. Supposing that the corporate goal is to maximize the
price of its common stock, students develop and apply decision
criteria for budgets and capital structure, mergers, and dividend
policies. After completing the theoretical foundations of finance,
the practical implementation of these concepts is studied. For
this purpose, speakers from brokerage agencies, finance experts
working for different newspapers, and investment agents are invited
to participate. Furthermore, students use software packages for
financial analysis.
. Fz00881. INTERNATIONAL FINANCE
Structure of the international monetary system. Currency market.
The theory of interest rate parity, its application and empirical
validation. The theory of purchasing power parity, its application
and empirical validation. The theory of long-term expectancies
for parities, its application and empirical validation. The theory
of capital market equilibrium, its application and empirical validation.
Momentary base value. Momentary slope value. Risk profiles. Textbook:
Eiteman, Stonehill and Moffett, Multinational Business Finance,
Addison-Wesley.
Fz00882. DERIVATIVE INSTRUMENTS FOR DECISIONS
This course covers the most important international financial instruments to manage the risk on businness. Kind of instruments. How they work, and how they are used. Market value of these instruments, to calculate the optimun hedge, and design financial strategies. This instruments first are analized as individual tools and as complementary instruments to get a global risk management plan. , Dryden.
Know and understand the financial field. Know the nature of the corporative finance as the decisions that are involved with it. Know and practice the most important technics of capital budgeting under risk circunstances and inflation. Know and understand the concepts of profitability and risk. Calculate the financial structure required to maximize the business value. Know and understand the concept of adquisitions and fusions. , Dryden.
. Fz00891. SEMINAR ON FINANCE
Origin, objective and functions of the finance function. Working
capital management. Fixed asset management and capital budgeting.
Sources and types of funding. Capital structure. Financial forecasting.
Valuation of companies. Present and future of financial engineering
in Mexico.