COURSE UNIT TITLE

: FINANCIAL MANAGEMENT FOR ENGINEERS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ETE 3034 FINANCIAL MANAGEMENT FOR ENGINEERS ELECTIVE 2 0 0 4

Offered By

Faculty of Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR GÜLSEREN KARABAY

Offered to

Electrical and Electronics Engineering
Computer Engineering
Textile Engineering
Mechanical Engineering
Civil Engineering
Geological Engineering
Geophysical Engineering
Mining Engineering
Metallurgical and Materials Engineering
Environmental Engineering
Civil Engineering
Mining Engineering
Geological Engineering
Mechanical Engineering

Course Objective

Financial management is the activities of obtaining financial funds in the most favorable conditions and the most effective use of these funds. There is a separate department of the finance in a large corporate business. However, the engineers working in manufacturing department can also sometimes carry out financial transactions in medium and small businesses. Our graduates may definitely be in the need of finance information while working in a corporate place or in their own companies at any stage of their study area.
Engineers with a basic knowledge of financial management;
They can speak a common language with the finance department of the company in running with their studies ( Ex:working for a new investment project) in a corporate business.
When they establish their own business, they may give financial decisions in order to sustain their business or they may use letter of guarantee before and after tender or they may be required to initiate the necessary procedures for the opening of letters of credit for import transactions. Basic financial information may helps them to make the right choices among alternatives and do right things.
Finally, this course aims to give a holistic assessment point of view in business activities and to build basic financial management infrastructure in order make them perform , the financial activities in good way if they are responsible for the execution of financial transactions.

Learning Outcomes of the Course Unit

1   Having individual and corporate financial awareness
2   To obtain basic information about financial tables (balance sheet, income statement, statement of funds flow )
3   To have knowledge about the cash and non- cash loans
4   To obtain the basic knowledge of financial analysis
5   To have knowledge about domestic and international payment instruments
6   To have information about manufacturing costs and the relationship between manufacturing costs and income
7   Having information about the evaluation methods of investments in the environment of uncertainty
8   To gain a holistic perspective view in business activities

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Personal financial awareness. Credit card use, individual investment types ( deposits , mutual funds , stocks ) , personal loans
2 Introduction and basics of financial management
3 The balance sheet, income statement, flow of funds statement
4 Basic balance sheet (Current assets, fixed assets, liabilities, equity ) and income statement items
5 Analysis of Financial Statements ( Vertical percentages, trends percent , comparative analysis and case studies )
6 Analysis of Financial Statements ( calculation and interpretation of financial ratios )
7 The introduction of financial resources ( short and long term liabilities , shareholders' equity ) Cash Loan Types
8 Midterm exam
9 Non cash loans ( letters of guarantee , letters of credit ..)
10 Time Value of Money: Simple and compound interest calculations , discount operations
11 The time value of money : the present value and the future value calculations
12 Domestic payment in business (cash , checks , credit cards, EFT , wire transfer ..) , the international payment types( cash against goods, cash against documents, cash , consignment , letters of credit )
13 Production Costs ; Raw material, labor and manufacturing overhead and costing systems, relationship between cost item and income statement
14 Project (Investment ) evaluation methods in uncertainty environment

Recomended or Required Reading

1. Finansal Yönetim; Kavramlar, Kurumlar ve Ilkeler, Halil Sarıaslan, Cengiz Erol. (2008)., Ankara: Siyasal Kitabevi
2. Işletmelerde Finansal Yönetim, Ali Ceylan, Turhan Korkmaz. (2008)., Bursa: Ekin Yayın Dağıtım.
3. Finansal Yönetim, Semih Büker, Rıza Aşıkoğlu, Güven Sevil. (2011)., Ankara: Sözkesen Matbaacılık.
4. Finansal Yönetim, Nurhan Aydın, Mehmet Başar, Metin Coşkun. (2010)., Ankara: Detay Yayıncılık.

Planned Learning Activities and Teaching Methods

Presentation, face to face communication, solving problems

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 FIN FINAL EXAM
3 FCG FINAL COURSE GRADE MTE * 0.50 + FIN * 0.50
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.50 + RST * 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

% 50 Midterm exam + %50 final exam

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

gulseren.karabay@deu.edu.tr, (0232)3017713

Office Hours

Monday 13.00-15.00
Friday 13.00-15.00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 2 26
Preparations before/after weekly lectures 13 2 26
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 91

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.1442
LO.242
LO.342
LO.442
LO.542
LO.642
LO.742
LO.8452