Special Topics in Finance and Accounting(G465)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| G465 | Special Topics in Finance and Accounting | 5 | 3 | 0 | 0 | 3 | 5 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | Turkish |
| Course Type | Elective |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Melik ERTUĞRUL mertugrul@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course aims to introduce several topics of finance and accounting which are not analyzed by introductory courses in detail. This course makes students read and understand “greatest hits” in discussed topics, and it aims to teach students several financing methods. |
| Content |
Lecture 1. Derivative Financial Instruments – I Lecture 2. Derivative Financial Instruments – II Lecture 3. Derivative Financial Instruments – III Lecture 4. Derivative Financial Instruments – IV Lecture 5. Banking – I Lecture 6. Banking – II Lecture 7. Banking – III Lecture 8. Mergers & Acquisitions – I Lecture 9. Mergers & Acquisitions – II Lecture 10. Capital Structure – I Lecture 11. Capital Structure – II Lecture 12. Dividend Policy Lecture 13. Project Finance Lecture 14. Trade Finance |
| Course Learning Outcomes |
Students who complete this course should be able to: 1. Understand derivative financial instruments and risk. 2. Comprehend the fundamentals and working mechanism of banking. 3. Comprehend the logic behind and reasons for M&As and M&A defense mechanisms. 4. Analyze capital structure and dividend decisions from a theoretical and practical perspective. 5. Understand practical financing techniques including project finance and trade finance. |
| Teaching and Learning Methods |
Slides, library search, and internet sources. Students are required to follow the moodle page of the course on a regular basis! |
| References |
Lecture [1-4]: Saltoğlu, B. (2019). Türev Araçlar, Piyasalar ve Risk Yönetimi, SPL Sicil ve Eğitim Kuruluşu. https://www.spl.com.tr/docs/other/8439995c-d40c-45.pdf Hull, J. C. (2018). Options, futures, and other derivatives, 10th ed. New York: Pearson. Lecture [5-7]: Koch, T. W., & MacDonald, S. S. (2014). Bank management. Cengage Learning. Lecture [8-9]: Martynova, M., & Renneboog, L. (2008). A century of corporate takeovers: What have we learned and where do we stand?. Journal of Banking & Finance, 32(10), 2148-2177. Rhodes-Kropf, M., & Viswanathan, S. (2004). Market valuation and merger waves. The Journal of Finance, 59(6), 2685-2718. Martynova, M., & Renneboog, L. (2009). What determines the financing decision in corporate takeovers: Cost of capital, agency problems, or the means of payment?. Journal of Corporate Finance, 15(3), 290-315. Betton, S., Eckbo, B. E., Thompson, R., & Thorburn, K. S. (2014). Merger negotiations with stock market feedback. The Journal of Finance, 69(4), 1705-1745.. Servaes, H., & Tamayo, A. (2014). How do industry peers respond to control threats?. Management Science, 60(2), 380-399. Lecture [10-12]: Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. The Review of Financial Studies, 27(1), 153-179. Miller, M. H. (1988). The Modigliani-Miller propositions after thirty years. Journal of Economic perspectives, 2(4), 99-120. Roberts, M. R., & Sufi, A. (2009). Control rights and capital structure: An empirical investigation. The Journal of Finance, 64(4), 1657-1695. Lemmon, M. L., Roberts, M. R., & Zender, J. F. (2008). Back to the beginning: persistence and the cross-section of corporate capital structure. The journal of finance, 63(4), 1575-1608. Von Eije, H., & Megginson, W. L. (2008). Dividends and share repurchases in the European Union. Journal of financial economics, 89(2), 347-374. Michaely, R., & Roberts, M. R. (2012). Corporate dividend policies: Lessons from private firms. The Review of Financial Studies, 25(3), 711-746. Lecture [13-14]: Lecture notları ve konuk konuşmacılar |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Derivative Financial Instruments – I |
| 2 | Derivative Financial Instruments – II |
| 3 | Derivative Financial Instruments – III |
| 4 | Derivative Financial Instruments – IV |
| 5 | Banking – I |
| 6 | Banking – II |
| 7 | Banking – III |
| 8 | Mergers & Acquisitions – I |
| 9 | Mergers & Acquisitions – II |
| 10 | Capital Structure – I |
| 11 | Capital Structure – II |
| 12 | Dividend Policy |
| 13 | Project Finance |
| 14 | Trade Finance |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 5 | 55 |
| Contribution of final exam to overall grade | 1 | 45 |
| Toplam | 6 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 10 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 3 | 15 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 5 | 55 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. | X | ||||
| 2 | The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. | X | ||||
| 3 | The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. | X | ||||
| 4 | The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. | X | ||||
| 5 | The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. | X | ||||
| 6 | Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. | X | ||||
| 7 | Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. | X | ||||
| 8 | Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages. | X | ||||
| 9 | The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. | X | ||||
| 10 | Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. | X | ||||
| 11 | Consciousness of taking into account ethical values, when making decisions and being involved in business life. | X | ||||
| 12 | Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 2 | 28 |
| Assignments | 1 | 10 | 10 |
| Midterm Examinations (including preparation) | 1 | 15 | 15 |
| Final Examinations (including preparation) | 1 | 20 | 20 |
| Quiz | 3 | 4 | 12 |
| Total Workload | 127 | ||
| Total Workload / 25 | 5,08 | ||
| Credits ECTS | 5 | ||