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2020/2021  KAN-CSCEO1025U  Global Financial Analysis

English Title
Global Financial Analysis

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Thomas Frandsen - Department of Operations Management (OM)
Main academic disciplines
  • Management
  • Economics
Teaching methods
  • Blended learning
Last updated on 10-08-2020

Relevant links
Learning objectives
  • The student should be able to account for the theories, tools, concepts, and methodologies presented in the course
  • The student should be able to outline developments in the global economy and financial markets and how these affect business decisions of organizations and supply chains
  • The student should be able to identify the implications of employing a financial perspective on operations and supply chain decisions
  • The student should be able to apply the theories, tools, concepts and methodologies in order to analyse issues within operations and supply chains
  • The student should be able to evaluate case situations and provide clear recommendations
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see s. 13 of the Programme Regulations): 1
Oral presentations etc.
The student must get 1 out of 2 assignments or activities approved in order to attend the ordinary exam.

Assignment form: Oral presentation of group strategy
Up to a maximum of 5 minutes per group presentation
In groups students will make a video presentation in which the group’s strategy and financial expectations in the online business simulation are outlined. The presentation should also include a brief discussion about how the simulation relates to one or more topics within the course. The video and accompanying slides will be uploaded, and there will be feedback on each presentation.

Assignment form: Case study
Up to a maximum of 2 pages per student
Based on a former exam text, students will be requested to write an introduction to the problems and challenges contained in the case. This assignment of two pages needs to be uploaded. Each student gets then randomly the assignment of another student for peer review. The review needs to be provided on an additional page by each student.

Students will not have extra opportunities to get the required number of compulsory activities approved prior to the ordinary exam. If a student has not received approval of the required number of compulsory activities or has been ill, the student cannot participate in the ordinary exam.
If a student prior to the retake is still missing approval for the required number of compulsory activities and meets the pre-conditions set out in the program regulations, an extra assignment is possible.

The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake.
Examination
Global Financial Analysis:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Case based assignment
Duration 24 hours to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

This course aims at exploring the interface between the finance and supply chain functions within organizations. Specifically, the course provides students with the knowledge and skills required to carry out financial analysis of supply chain decisions. Through the course, students will develop an understanding allowing them to play a vital role in decision making occurring at the interface between the Chief Financial Officer (CFO) and Operations and Supply Chain Executives.

 

The course is structured around four main themes, each of which will be treated from the point of view of supply chain decisions and cover specific financial perspectives. The ambition is to provide students with knowledge allowing them to understand operations and supply chain decisions from a financial perspective as well as the skills need to analyse such decisions using financial methods and models. First, we will start at the macro level considering how to evaluate financial markets with respects to decisions on market selection and location of production networks. Second, we will consider financial flows and how to evaluate different options for funding of supply chain activities. Third, we will turn to capital investment to consider how to evaluate portfolios of supply chain investments under uncertainty. Fourth, we will focus on assessing risk and how to mitigate such risks through financial instruments.
Description of the teaching methods
The course uses blended learning as it combines online material and lectures with in-class discussions and group work. Blended learning (the mix of online and offline platforms) creates a strong leaning environment for students. Online materials include live online sessions, video presentations of central concepts and models as well as tutorials focusing on application of specific financial models to operations and supply chain decisions. The in-class sessions focus on discussion and application of key theoretical models and concepts. A central element in application of the main course concepts involves active group-based student participation through the online supply chain business simulation ‘The Cool Connection’. As part of the simulation, students will compete with against other students by making a range of supply chain management decisions.
Feedback during the teaching period
Feedback activities will be included throughout the course based on oral student presentations with reference to the business simulation and key theoretical concepts.
Student workload
Lectures 37 hours
Readings, Compulsory activities, Preparation for the exam 173 hours
Expected literature

A list of relevant literature will be provided in class. Below please find an indicative literature:

 

Core text book:

Hillier et al. (2020) Corporate Finance. McGraw Hill Education, 4th Edition.

 

Selected chapters from other text books including:

Terwiesch, C., & Cachon, G. (2012). Matching supply with demand: An introduction to operations management. Mcgraw-hill Education-Europe.

Hofmann, E. & Belin, O. (2011) Supply Chain Finance Solutions: Relevance—Propositions—Market Value. Springer, Berlin.

Beninga, S. (2007). Financial modelling.

 

Academic articles (some essential readings others supplementary):

Billington, C., Johnson, B., & Triantis, A. (2002). A Real Options Perspective on Supply Chain Management in High Technology. Journal of Applied Corporate Finance, 15(2), 32-43.

Blankley, A. (2008). A conceptual model for evaluating the financial impact of supply chain management technology investments. The International Journal of Logistics Management, 19(2), 155-182.

Buehler, K., Freeman, A., & Hulme, R. (2008). Owning the right risks. Harvard Business Review, 86(9), 102-110.

Cucchiella, F., & Gastaldi, M. (2006). Risk management in supply chain: a real option approach. Journal of Manufacturing Technology Management, 17(6), 700-720.

de Treville, S., Cattani, K., & Saarinen, L. (2017). Option-based costing and the volatility portfolio. Journal of Operations Management, 49, 77-81.

 Dyckman, B. (2011). Supply chain finance: Risk mitigation and revenue growth. Journal of corporate treasury management, 4(2).

Martin, J., & Hofmann, E. (2017). Involving financial service providers in supply chain finance practices: Company needs and service requirements. Journal of Applied Accounting Research, 18(1), 42-62.

McCrea, B. (2018). Leveraging Supply Chain Finance. Supply Chain Management Review, 22(2), 57–59.

Perry, J. S., & Herd, T. J. (2004). Reducing M&A risk through improved due diligence. Strategy & Leadership, 32(2), 12-19.

Randers, J., and Göluke, U. (2007). “ Forecasting Turning Points in Shipping Freight Rates: Lessons from 30 Years of Practical Effort.” System Dynamics Review, 23 (2/3): 253–284.

Wuttke, D. A., Blome, C., & Henke, M. (2013). Focusing the financial flow of supply chains: An empirical investigation of financial supply chain management. International journal of production economics, 145(2), 773-789.
Last updated on 10-08-2020