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Finance II

Code: 102111 ECTS Credits: 6
2025/2026
Degree Type Year
Accounting and Finances OB 3

Contact

Name:
Luis Fernando Romero Perez
Email:
luisfernando.romero@uab.cat

Teachers

Luis Fernando Romero Perez

Teaching groups languages

You can view this information at the end of this document.


Prerequisites

General requirements to get to the third career course and have completed Finance I


Objectives and Contextualisation

Finance II provides basic training in business finance in the degree of Accounting and Finance, based on the knowledge and skills acquired in Finance I, on valuation of assets, financial markets and the relationship between the company and the market. Based on the financial reasoning acquired in Finance I, students must master the selection of investment projects, the selection of financing sources and the relationship of both with the business strategy.

 

The axis of the course is the creation by companies in the real economy by selecting the most appropriate investments for their strategy and the financial dynamics that derives from the relationship between investment and financing, taking into account the objectives of profitability and risk management. . The double perspective of time and risk introduced in Finance I now applies to the financial function of the company

 

 

 


Learning Outcomes

  1. CM16 (Competence) Critically analyse the principles, values and procedures governing the practice of the profession.
  2. CM18 (Competence) Quantify the APR of each of the analysed operations and the effective cost including expenses not considered by the Bank of Spain to calculate the APR.
  3. KM16 (Knowledge) Recognise which types of organisations allow for appropriate value maximisation.
  4. SM09 (Skill) Assess the formation of value of company shares.
  5. SM10 (Skill) Assess investment projects, financing projects and the characteristics of different sources of financing.
  6. SM12 (Skill) Name the formation of prices and premiums for risk in financial markets.

Content

1. Analysis of investment projects.

1.1 The financial dynamics of the company: Benefits versus cash flows.

1.2 The net final value from aggregate projects.

1.3 The net present value.

1.4 Abnormalities in the analysis of projects: Mixed projects and Fishcer rate.

 

2. Risk in investment decisions and financing.

2.1 Expected value, true equivalent and risk premium in the analysis of projects.

2.2 Estimation of the required profitability from the Securities Market Line.

2.3 Introduction to sensitivity analysis.

2.4 Risk in international investment and financing decisions.

 

3. Introduction to the valuation of options and futures.

3.1 Concepts of purchase option and put option.

3.2 The parity relation between the purchase option and the put option.

3.3 Binomial evaluation.

3.4 Introduction to futures prices.

 

4. Risk management through derivatives.

4.1 Coverage strategies with forwards and futures.

4.2 Coverage strategies through options.

4.3. Coverage strategies through swaps.

 

 

5. Real options

 

5.1 The analysis of options in the real economy: The capture of opportunities.

5.2 The option to expand.

5.3 The option to leave.

5.4 Introduction to the valuation of real options.


Activities and Methodology

Title Hours ECTS Learning Outcomes
Type: Directed      
computerized practices 4 0.16
Master classes 33 1.32
Resolution of exercises in the classroom and analysis of cases 12.5 0.5 CM16, CM18, KM16, SM09, SM10, SM12, CM16
Type: Supervised      
tutorials 20 0.8 CM16, CM18, KM16, SM09, SM10, SM12, CM16
Type: Autonomous      
Resolution of assumptions (exercises and cases) 24 0.96 CM16, CM18, KM16, SM09, SM10, SM12, CM16
Search of documentation 12 0.48
study 41 1.64 CM16, CM18, KM16, SM09, SM10, SM12, CM16

Half of the credits will be theoretical and the other half practical. The theoretical part will be exposed through lectures. The teacher will present the topics encouraging the participation of the students through questions and comments. The presentation of the topics will not be limited to its direct content but will include the analysis of the applied reasoning methods.

The practical part will consist of the resolution of problems, analysis of information of the financial markets and of the companies and reading of related articles.

 

The teacher will have to allocate approximately 15 minutes of some class to allow his students to answer the surveys of evaluation of the teaching performance and of evaluation of the asignatura or module.

 

Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.


Assessment

Continous Assessment Activities

Title Weighting Hours ECTS Learning Outcomes
Exam 40 2 0.08 CM16, CM18, KM16, SM09, SM10, SM12
First continuous assessment test 30 1.5 0.06 CM16, CM18, KM16, SM09, SM10, SM12
Work feasibility study 30 0 0 CM16, CM18, KM16, SM09, SM10, SM12

EVALUATION:

 In this course, the use of Artificial Intelligence (AI) technologies is allowed as an integral part of the development of the work, as long as the final result reflects a significant contribution from the student in terms of analysis and personal reflection. The student must clearly identify which parts have been generated using this technology, specify the tools used, and include a critical reflection on how these have influenced the process and the final outcome of the activity. Lack of transparency in the use of AI will be considered academic dishonesty and may result in a penalty in the activity grade or more severe sanctions in serious cases.

This subject does not offer the option for comprehensive evaluation.

 

 

The continued evaluation of Finances II consists of three components:

a) A partial with the first part of the course with a weight of 30%

b) Delivery of a roadworthiness study with a weight on the final grade of 30%.

c) Final exam (40% of the grade)

When the student is considered to have not been able to provide sufficient evaluation evidence, this subject will be considered non-evaluable.
Schedule of evaluation activities

The dates of the different evaluation tests (partial exams, exercises in the classroom, delivery of works, ...) will be announced well in advance during the semester.

The date of the final exam of the subject is scheduled in the exam calendar of the Faculty.

"The programming of the evaluation tests can not be modified, unless there is an exceptional and duly justified reason why an evaluation act can not be carried out, in this case, the persons responsible for the qualifications, after consulting the teaching staff and to the affected student body, they will propose a new program within the corresponding academic period. " Section 1 of Article 115. Calendar of evaluation activities (Academic Regulations UAB)

The students of the Faculty of Economics and Business who in accordance with the previous paragraph need to change an evaluation date must present the request by filling in the document Request reprogramming test https://eformularis.uab.cat/group/deganat_feie/nou-reprogramacio-de-proves
 

Procedure for review of qualifications

Coincidingwith the final exam will be announced the day and the medium in which the final grades will be published. In the same way, the procedure, place,date and time of the review of exams in accordance with the regulations of the University will be informed.

 

Recovery Process

"To participate in the recovery process the students must have been previously evaluated in a set of activities that represent a minimum of two thirds of the total grade of the subject or module." Section 3 of Article 112 ter. The recovery (UAB Academic Regulations). The students must have obtained an average grade of the subject between 3.5 and 4.8.

The date of this test will be scheduled in the exam calendar of the Faculty. The student who presents himself and passes it will pass the subject with a grade of 5. Otherwise, he will keep the same grade.

 

Irregularities in evaluation acts

Notwithstanding other disciplinary measures deemed appropriate, and in accordance with current academic regulations, "in the event that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation act, it will be scored with a 0 evaluation act, regardless of the disciplinary process that can be instructed In case of various irregularities occur in the evaluation acts of the same subject, thefinal grade of this subject will be 0 ". Section 10 of Article 116. Results of the evaluation. (UAB Academic Regulations)

 

 


Bibliography

  • APONTE, Rene; MUÑOZ, Fernando; ÁLZATE, Laura. La evaluación financiera de proyectos y su aporte en la generación de valor corporativo. Ciencia y poder aéreo, 2017, vol. 12, no 1, p. 144-155
  • BREALEY, R., S.C. MYERS y F. ALLEN.  Principios de finanzas corporativas. 8ª edición.  Madrid: McGraw-Hill, 2006.
  • GARCÍA, M.; MATÍNEZ, F. Manual del asesor financiero. Ediciones Parainfo, 2014
  • HULL, J. Introducción a los mercados de futuros y opciones. Prentice-Hall, Madrid, 2010.
  • .Payback o plazo de recuperación -Definición, qué es y concepto | Economipedia(2020). Available at: https://economipedia.com/definiciones/payback.html (Accessed: 26 January 2020).
  • QUINTERO, Dora P. Los derivados financieros y la administración de riesgos en las organizaciones. Revista Espacios, 2017, vol. 38, no 36
  • Tasa interna de retorno (TIR) -Definición, qué es y concepto | Economipedia(2020). Available at: https://economipedia.com/definiciones/tasa-interna-de-retorno-tir.html (Accessed: 26 January 2020).
  • Valor actual neto (VAN) -Definición, qué es y concepto | Economipedia(2020).Available at: https://economipedia.com/definiciones/valor-actual-neto.html (Accessed: 26 January 2020

Software

We will use part of the spreadsheet, tax simulation programs and other management programs


Groups and Languages

Please note that this information is provisional until 30 November 2025. You can check it through this link. To consult the language you will need to enter the CODE of the subject.

Name Group Language Semester Turn
(PAUL) Classroom practices 101 Spanish first semester morning-mixed
(PAUL) Classroom practices 501 Spanish first semester afternoon
(PLAB) Practical laboratories 101 Spanish first semester morning-mixed
(PLAB) Practical laboratories 501 Spanish first semester afternoon
(TE) Theory 10 Spanish first semester morning-mixed
(TE) Theory 50 Spanish first semester afternoon