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Scientific Journal "Decision Making in Manufacturing and Services"

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Scientific Journal "Decision Making in Manufacturing and Services"

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The grant "Wsparcie dla Czasopism Naukowych" awarded to the DMMS by the Polish Ministry of Science and Higher Education

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Presentation

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Textbook Draft by Anna Regína Björnsdóttir, Benedikt Árnason
and Páll Jensson

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Paper

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Excel file

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Excel file

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During the course the students develop themselves, with the guidance of the teacher, an Excel model including measures of profitability assessment. The teaching method is “learning by doing” and is mainly computer work exercising project feasibility studies, sensitivity analysis and risk assessment applied to a real-world case study.

After the course students will be able to develop computer models to assess the profitability/feasibility of investments. This main Learning Outcome can be broken down into the following sub-outcomes:

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(1) Understand the theoretical basis for profitability assessment and the time value of money
(2) Understand the relations and the difference between company financial statement
(3) Discuss and explain with the concepts and principles of accounting and financial management
(4) Understand the difference between feasibility studies and business plans and the objectives of each
(5) Understand what working capital is

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(1) Use and calculate the main measures of profitability including Net Present Value and Internal Rate of Return
(2) Know and calculate the main ways to finance a project
(3) Use the three-point method budgeting and investment cost estimation (4) Perform sensitivity analysis including impact analysis and scenario analysis of projects
(5) Do Monte Carlo simulations for risk assessment of projects
(6) Calculate the most important financial ratios

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(1) Develop the economical calculations for profitability assessment of an investment project
(2) Build up Operating Statement, Cash Flow and Balance Sheet for a planned operation
(3) Present and interpret the results of profitability calculations

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Faculty of Management
(building D14)
ul. Gramatyka 10
Kraków

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Dec. 10, 2019
16:45-20:00
classroom 319

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Dec. 11, 2019
15:00-18:15
classroom 3.7

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Reykjavik University, Iceland