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DIGITAL BUSINESS

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FINANCE FOR DECISION MAKERS II

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FINANCE FOR DECISION MAKERS I

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Financial derivatives are common tools of modern finance used both in the banking and trading sides of financial institutions. Over the previous decade the market witnessed exponential growth, culminating in a collapse brought about by investment in sub-prime assets and their derivatives.

Throughout the course we will look at the main asset classes: Equity, Interest Rates, Foreign Exchange and Credit – the idea is to provide students with a holistic view of financial markets, alongside key frameworks (pricing, optimization, bootstrapping, simulation etc.).

All examples used will be real – hence, due to the technical requirement of the course, it is aimed at students who have a strong quantitative ability – with some previous knowledge in Maths and Finance. Due to the technical nature of the course, the required readings will be mandatory.

This course will provide students with an introduction to key investment products, their associated risks and how financial markets generally work. Through this course, we aim to give a broad introduction of financial instruments in order to awaken the interest of the student, and to introduce key quantitative frameworks (pricing, optimization, bootstrapping etc.).

There will be a number of practical cases / exercises designed to students absorb and understand the techniques.

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MARKET INSIGHTS

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The objective of this course is to provide students with a framework to make solid opinions on business decisions, as well as to develop the ability to make an assessment about the value of a firm, no matter whether is a big publicly traded or a small one.

Throughout the course students will be given theories, practical examples on how companies make decisions and why. Also they will learn how to search for the information needed in different data bases and information systems.

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After taking this course, students should be able to:

Identify the main drivers from the corporate finance standpoint affecting the company´s financing decisions.

-Understand capital structure and the tradeoffs involved in the use of alternative sources of finance by weighting the factors that determine the optimal level of borrowing.

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-Ascertain the capital and financial markets dynamics and drivers, as well as the prevailing trends at present.

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-Gather the key elements and features of the main financial instruments in the different markets

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-     Compare financial instruments from both the quantitative and qualitative standpoints in order to choose the most suitable one in each case under the given circumstances.

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INDUSTRY MASTERCLASS

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The capstone project is carried out on an individual basis and brings together all of the areas that the student has covered on the program into one final project.

From the first module the student receives help on how to write the project and guidance from a professor specialized in the area they have chosen – related to finance, banking, Islamic finance, fintech, accountancy, etc.

The student has to hand in regular progress reports, including when on placement.  This is to ensure that all of the work is not left to the last two weeks when then student will have other commitments.

In the final week, the students will have to present their capstone projects in front of a jury that will be composed of IE Faculty, Managers from the sponsoring companies and other prominent leaders in the financial sector in Saudi Arabia.

The focus in Module I will be brainstorming ideas around the Capstone projects, evaluating ideas and also learning the fundamentals of writing a Capstone Project.  This will be carried out with the input from the IE Writing Center and from University Professors who will act as mentors throughout the process.

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The world of 2021 will be very different to the world where the students studied their undergraduate degrees.  It is necessary to understand how the lessons they leaned when working on group projects in a Face to Face environment need to be adapted for the challenges (and opportunities) created by the new liquid environment of online, face-to-face, synchronous and asynchronous mixed together.  These sessions focus on the necessary tools to enable the students to work virtually as part of study and work teams and how to present and communicate their ideas effectively in this digital environment.

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The skills associated with human abilities become fundamental in all facets of our lives, both personally and professionally. Making the right decisions and making sure they are executed properly is one of the primary keys to focus on success and happiness.

Every process of improvement in the area of the Soft Skills is based on self-knowledge and a development of personal efficiency in order to move forward towards greater goals in any area of our lives. For this it is essential to know how to set goals, view them, plan personal training and acquire a personal commitment to their execution.

Throughout this course we will work on the training of the most decisive soft skills for professional performance such as creativity and innovation, giving and receiving feedback in an effective way in virtual environments, emotional leadership and working with focus and concentration in the digital age.

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Fintech is not just a fashionable word today, but it describes an industry providing the market with innovative adding-value solutions. Also, newly created Fintech companies are surpassing traditional financial actors with hundreds of years of history. Important financial institutions are acquiring Fintech companies or analysing possible alliances with them. Moreover, disruptive technological innovations are revealed frequently and immediately adopted. Fintech players are improving the financial inclusion around the globe, and this is just one of their roles from the everyday more important CSR (corporate social responsibility) perspective.

Within this scenery, even the most sceptical ones cannot neglect the importance of this new industry. As a future manager or entrepreneur, it is today a must to be informed about these advances and to be prepared for the next opportunities.

This course realizes an overview of the Fintech industry, from its origins until nowadays. Through theoretical concepts, cases, models, technological background, but especially from the real business cases of successful companies, the Fintech landscape will be contemplated from a mix of financial, managerial and technical perspectives.

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The course aims at teaching students how to conduct a company valuation by using the most commonly used methods. The course will be based on real numeric examples in the context of different transactions where corporate valuation plays a central role.

•Understand the Value Concept

•Get familiar with the key value drivers

•Acquire an overview of the overall process of valuing a company

•Understand and apply the most commonly used methods to value a company Understand the main transactions in which a corporate valuation may be conducted, including structured finance, M&A and corporate restructuring

Students are assumed to be acquainted with certain key financial concepts and analytical tools such as time value of money, interest rates, IRR / yield to maturity, basic modelling to name a few basic ones.

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This course provides an introduction to the role of auditing and assurance in society following a conceptual and practical approach.

The main objectives of the course are two-fold:

(1) to evaluate critically the position that auditing and assurance occupy in the economic relationships surrounding organizations; and

(2) to explain the main steps involved in conducting financial statements audits and the decision auditors make in the process. The course places primary emphasis on issues connected with understanding the roles served by auditing and assurance services rather than on detailed procedural aspects of auditing techniques and practices.

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Nowadays, a corporate manager cannot be completely agnostic about the tax implications of business and financial strategies. Although taxation has been traditionally regarded as an additional compliance and financial burden merely consequent to business and financial transactions, in reality it plays a critical role in the design and the implementation of key corporate strategies. This is true, in particular, for multinational enterprises (MNEs), which necessarily have to deal with multiple tax systems, and, consequently, overlapping and often contrasting tax rules concerning the same transactions or the same financial instruments.

Indeed, for MNEs it is critical to design their supply chains and investments in ways which allow them to minimize not just their overall tax burden by benefitting from the many tax incentives and opportunities granted by the various jurisdictions where they operate, but also the risk of tax audits and assessments which often trigger enormous cascade effects in terms of monetary penalties and reputational damages. This module is therefore aimed at providing participants with an overview and an understanding of the main tax implications, risks and opportunities business and financial managers should consider when designing and implementing their corporate strategies, both domestically and internationally.

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Global challenges today are more acute than ever and are disrupting finance and business. From climate change to social pressures and governance issues, companies are forced to adapt to survive and thrive. To tackle these global challenges the private sector needs to allocate capital to solutions, as public finance alone is not enough. Sustainable finance is responding to this need and incorporating these megatrends issues at the core of its purpose and bringing new forms of finance and investment. Students need to understand these critical factors and their meaning for companies’ business models, financial planning, risks and opportunities.

There is academic evidence and recognized perception that pursuing sustainable investments does not mean sacrificing financial returns. In this regard, sustainable finance is growing exponentially, from pure ESG integration to impact investing. Moreover, societal pressures, investors’ demand and regulators policies are pushing for more sustainable business and finance.

In this course, students will learn how to: identify material ESG-related factors through both qualitative and quantitative approaches; undertake ESG analysis across different regions and sectors; integrate ESG into the portfolio management process and other impact investing solutions.

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This course will give participants a comprehensive understanding of how Islamic finance works, what is different in the way they deal with finance, and the cultural context in which the Islamic Finance Industry operates. Participants will learn the latest- and most influential industry trends and manage the basic instruments to be able to manage the fundamental tools in this new and exciting field.

The course tackle areas that offer a great potential for development such as fund and wealth management, trade finance or mortgage finance. Finally, the course will also analyze some of the latest developed tools in Islamic Fintech to apply finance to resolve social problems such as financial inclusion, poverty alleviation or employment in Muslim developing countries.

As a new growing industry the need for new products and services is extremely high and as such a need for young trained professionals. The current state of the Industry requires quality education in Islamic banking and finance in order to provide the knowledge and experience required to meet the need for human capital.

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The world of 2021 will be very different to the world where the students studied their undergraduate degrees.  It is necessary to understand how the lessons they leaned when working on group projects in a Face to Face environment need to be adapted for the challenges (and opportunities) created by the new liquid environment of online, face-to-face, synchronous and asynchronous mixed together.  These sessions focus on the necessary tools to enable the students to work virtually as part of study and work teams and how to present and communicate their ideas effectively in this digital environment.

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The skills associated with human abilities become fundamental in all facets of our lives, both personally and professionally. Making the right decisions and making sure they are executed properly is one of the primary keys to focus on success and happiness.

Every process of improvement in the area of the Soft Skills is based on self-knowledge and a development of personal efficiency in order to move forward towards greater goals in any area of our lives. For this it is essential to know how to set goals, view them, plan personal training and acquire a personal commitment to their execution.

Throughout this course we will work on the training of the most decisive soft skills for professional performance such as creativity and innovation, giving and receiving feedback in an effective way in virtual environments, emotional leadership and working with focus and concentration in the digital age.

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The capstone project is carried out on an individual basis and brings together all of the areas that the student has covered on the program into one final project.

From the first module the student receives help on how to write the project and guidance from a professor specialized in the area they have chosen – related to finance, banking, Islamic finance, fintech, accountancy, etc.

The student has to hand in regular progress reports, including when on placement.  This is to ensure that all of the work is not left to the last two weeks when then student will have other commitments.

In the final week, the students will have to present their capstone projects in front of a jury that will be composed of IE Faculty, Managers from the sponsoring companies and other prominent leaders in the financial sector in Saudi Arabia.

The focus in Module I will be brainstorming ideas around the Capstone projects, evaluating ideas and also learning the fundamentals of writing a Capstone Project.  This will be carried out with the input from the IE Writing Center and from University Professors who will act as mentors throughout the process.

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This is a foundation course in Finance. The course provides an overview of the theories and the practical applications of Finance.

The main objective of this course is to develop a framework and basic tools for financial decision making, and to provide a solid grounding in the principles and practice of corporate finance.

Another objective is to be confident with the use of Excel spreadsheets for solving practical finance problems. Applied finance exercises requiring the use of Excel are introduced in a coherent and complementary way with the other subjects that are part of the Business Administration Degree.

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In Corporate Finance we learned how to evaluate financial returns, bringing future returns to the present (Net Present Value), evaluating the riskiness of assets and relating them to get the expected financial returns (Portfolio Theory and CAPM). In Capital Markets we focus on specific securities and security markets (debt, equity and derivatives), and on asset pricing of these securities, with the aim of conveying the practical applications of investment theory.

The objective of this course is to build on the framework developed in Corporate Finance to analyze financial markets.

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Financial modeling is the task of building an abstract representation of a decision-making situation.

This is a model designed to represent a simplified version of the performance of a business, project, or any other marketing, human resources or commercial problem.

The purpose of this course is to provide students with a sophisticated knowledge necessary to build a complex model in excel through different steps:

a)basic functions (i.e. format, formulas) to introduce modeling in excel;

b)create charts, tables and presentations in excel;

c)model cash flow projections and financial statements;

d)prepare NPV analysis leading to project evaluation;

e)create alternative scenarios and linking scenarios into projected financial statements;

f)use tables, databases, and logical functions for statistical analysis for financial, commercial or human resources decisions.

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The capstone project is carried out on an individual basis and brings together all of the areas that the student has covered on the program into one final project.

From the first module the student receives help on how to write the project and guidance from a professor specialized in the area they have chosen – related to finance, banking, Islamic finance, fintech, accountancy, etc.

The student has to hand in regular progress reports, including when on placement.  This is to ensure that all of the work is not left to the last two weeks when then student will have other commitments.

In the final week, the students will have to present their capstone projects in front of a jury that will be composed of IE Faculty, Managers from the sponsoring companies and other prominent leaders in the financial sector in Saudi Arabia.

The focus in Module I will be brainstorming ideas around the Capstone projects, evaluating ideas and also learning the fundamentals of writing a Capstone Project.  This will be carried out with the input from the IE Writing Center and from University Professors who will act as mentors throughout the process.

# data[].attributes.body
The world of 2021 will be very different to the world where the students studied their undergraduate degrees.  It is necessary to understand how the lessons they leaned when working on group projects in a Face to Face environment need to be adapted for the challenges (and opportunities) created by the new liquid environment of online, face-to-face, synchronous and asynchronous mixed together.  These sessions focus on the necessary tools to enable the students to work virtually as part of study and work teams and how to present and communicate their ideas effectively in this digital environment.

# data[].attributes.body
The skills associated with human abilities become fundamental in all facets of our lives, both personally and professionally. Making the right decisions and making sure they are executed properly is one of the primary keys to focus on success and happiness.

Every process of improvement in the area of the Soft Skills is based on self-knowledge and a development of personal efficiency in order to move forward towards greater goals in any area of our lives. For this it is essential to know how to set goals, view them, plan personal training and acquire a personal commitment to their execution.

Throughout this course we will work on the training of the most decisive soft skills for professional performance such as creativity and innovation, giving and receiving feedback in an effective way in virtual environments, emotional leadership and working with focus and concentration in the digital age.

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CASE STUDY

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The purpose of this course is to provide students with the basic knowledge of financial accounting that will allow them to construct and analyze financial statements using generally accepted accounting principles.  Accounting is the “language of business”, and students shall become sufficiently fluent in this language as to understand the financial condition and the performance of a business by reading its financial statements.

The way how companies are created, organized and managed is changing so rapidly that only a set of accounting standards and procedures that gives preference to the substance of transactions over their form, will be able to keep track with the dynamic of the business environment and will manage to get accepted internationally. This is the spirit embedded into the set of International Financial Reporting Standards (IFRS) and that underlines the ongoing process of harmonizing accounting standards around the world.  Contents are designed primarily for those who expect to be users of financial statements as part of their professional responsibilities, in particular for those who plan to work for multinational companies, as IFRS represent their accounting environment.

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INDUSTRY MASTERCLASS

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A cost accounting system collects and classifies costs and assigns them to cost objects. The goal of a cost accounting system is to measure the cost of designing, developing, producing (or purchasing), selling, distributing, and servicing particular products or services. Cost allocation is at the heart of most accounting systems. Cost behavior – how the activities of an organization affect its costs – is also fundamental to cost accounting systems. The data provided by a cost accounting system is used for various purposes, which include product costing, planning and control, and decision making. This course aims to give you a critical understanding of cost accounting systems as practices by which organizations plan and control their activities in societies, and the profits generated through these activities. You will learn the core cost and management accounting concepts and methods.