Methods of Financial Evaluation I
Code: 102124 ECTS Credits: 6| Degree | Type | Year |
|---|---|---|
| Accounting and Finances | OB | 2 |
Contact
- Name:
- Jordi Celma Sanz
- Email:
- jordi.celma@uab.cat
Teachers
- Maria Consol Torreguitart Mirada
Teaching groups languages
You can view this information at the end of this document.
Prerequisites
There are not prerequisites
Objectives and Contextualisation
Demonstrate that the student knows the context in which the subject relates to Accounting
Also know the relationship of the subject with the area of corporate finance and family wealth management
Identify and use the relevant information in usual situations in the field of the company and negotiation with financial intermediaries in order to offer solutions to questions, problems or doubts that arise.
Learning Outcomes
- CM16 (Competence) Critically analyse the principles, values and procedures governing the practice of the profession.
- CM17 (Competence) Determine the financial system used in each of the financial operations, as well as the fixed and variable expenses affecting said operation.
- 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.
- CM19 (Competence) Quantify the new amounts to be paid in a financial operation with variable interest when there is an unforeseen change in interest types.
- KM16 (Knowledge) Recognise which types of organisations allow for appropriate value maximisation.
- SM11 (Skill) Identify the functioning of the financial system and the different financial intermediaries, the regulatory bodies and functions, the methods used in pricing, the specific financial operations and the micro and macroeconomic functions of the participants.
Content
Financial operations and markets
Types of financial transactions
Structure of financial markets
Interest rate.
Classification of financial markets
Securities and financial instruments.
2. Simple capitalization and decoupling, Applications
Concept of global and unitary profitability
Calculation of the annual interest rate: simple interest
Simple capitalization process
Present value of a capital
Rational discounts and simple commercial discounts
Equivalent interest rates and discounts. Incidence of expenditure
Practical applications
3. Compound capitalization Applications
Compound interest concept: compound capitalization
Types of equivalence in compound capitalization.
Relationship between simple capitalization and compound capitalization
Comparison criteria: the APR
Meaning and interpretation of the current value and final value
Generalization of compound capitalization at any moment of time
Linear and exponential convention.
Equivalence of capitals.
Applications
4. Measures of profitability and criteria used in valuing financial assets and liabilities
Financial criteria used to value investments
Net present value, IRR and Effective rate of return
Valuation at amortised cost, effective interestrate criterion
Fair value, its determination
Analogies between APR, IRR and effective interest rate
Activities and Methodology
| Title | Hours | ECTS | Learning Outcomes |
|---|---|---|---|
| Type: Directed | |||
| practices | 17 | 0.68 | CM16, CM17, CM18, CM19, KM16, SM11, CM16 |
| theory | 32.5 | 1.3 | CM16, CM17, CM18, CM19, KM16, SM11, CM16 |
| Type: Supervised | |||
| tutoring | 20 | 0.8 | CM17, CM17 |
| Type: Autonomous | |||
| problems | 50 | 2 | CM16, CM17, CM18, CM16 |
| study | 25 | 1 | CM16, CM17, CM18, CM19, KM16, SM11, CM16 |
The proposed teaching methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses.
The objective is to preset the most important concepts of matter, the necessary demonstrations and the aspects where usually more mistakes are made in the application of the theoretical concepts.
2. Practical classes
The teacher will present practical problems that will be solved jointly by commenting <ahref="https://es.pons.com/traducción/inglés-español/on" target="_blank">on the most common mistakes.
3, Troubleshooting
Each topic will have an associated list of problems that will be solved individually. In the practical classes these lists of problems will be partially commented.
4. Practical activities in the classroom
Periodically there will be practices in the classroom that will be corrected later. These practices will take as reference the lists commented on in 3
5. Multiple choice tests
In order to acquire ease of calculation and precision in the results, short activities with multiple answers will be programmed to acquire these skills.
6. Resolution of assumptions by theindumes
Real-life assumptions tend to be more complex than practices or problem list questionnaires. Towards the end of the course some assumptions will be solved jointly in class depending on the time available. The last evaluation test will be the resolution of an individual case.
7. tutorials
The student has a few hours of tutorials in which the teachers of the subject resolve their theoretical and practical doubts
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 |
|---|---|---|---|---|
| Final | 50% | 2 | 0.08 | CM16, CM17, CM18, CM19, KM16, SM11 |
| moodle tests | 20% | 2 | 0.08 | |
| Partial test | 30% | 1.5 | 0.06 |
"The proposed evaluation activities may undergo some changes according to the restrictions imposed by the health authorities on on-campus courses."
An evaluative activity of themes 1, 2, 3 and 4 on October
It is not allowed to consult any material. Maximum time 90 minutes . The test does NOT release matter. Overall weight of 30%.
2. Small tests dureng the course
It ius not allowed to consult any material. Maximum time 60 minutes. The test does NOT release matter. Overall weight of 20%.
3. An individual written test covering the entire subject matter of the course on the date provided for in the calendar of the faculty or school.
The maximum resolution time is 3 hours. No material may be consulted. Overall weight of 50%.
For students with a grade of 3. 5 or higher and less than 5 there will be a reevaluation test. The student who presents himself to reevaluation and passes it will have a final grade of 5.
A student will be considered "Non-assessable"; only if he or she has not participated in any assessment activity.
Calendar of evaluation activities
The dates of the various assessment tests (partial exams, classroom exercises, submission of papers, . . . ) will be announced well in advance during the semester.
The date of the final exam of the subject is programmed in the calendar of examinations of the Faculty.
"The programming of the evaluation tests may not be modified, except for an exceptional and duly justified reason for which an evaluation act cannot be carried out. In this case, the persons responsible for the degrees, after consulting the teaching staff <ahref="https://es.pons.com/traducción/inglés-español/and" target="_blank">and the student body concerned, will propose a new programme within the corresponding academic period. ". Section 1 of Article 115. Calendar of evaluation activities (UAB Academic Regulations)
Procedure for reviewing appraisals
Coinciding with the final exam, the day and medium in which the final grades will be published will be announced. In the same way, the procedure, place, date and time of the exam revision will be <ahref="https://es.pons.com/traducción/inglés-español/informed" target="_blank">informed in accordance with the University's regulations.
Recovery Process
"In order to participate in the catch-up process, the student body must have been previously evaluated in a set of activities that represents a minimum of two thirds of the total grade of the subject or module. Article 112 ter, paragraph 3. Recovery (UAB Academic Policy). The students must have obtained an average grade of the subject between 3. 5 and 4. 9.
The date of this test will be programmed in the calendar of exams of the Faculty. The student who presents him/herself and passes will pass the course with a grade of 5. On the contrary, he/she will keep the same grade.
Irregularities in evaluation events
Without prejudice to other disciplinary measures that may be deemed appropriate, and in accordance with current academic regulations, "in the event that the student commits any irregularity that may lead to a significant variation in the grade of an evaluation act, this evaluation act shall be marked with a 0, regardless of the disciplinary process that may be <ahref="https://es.pons.com/traducción/inglés-español/instructed" target="_blank">instructed. If there are several irregularities in the acts of evaluation of the same subject, the final grade of this subject will be 0". Article 116(10). Evaluation results. (UAB Academic Policy)
“All students are required to perform the evaluation activities. If the student's grade is 5 or higher, the student passes the course and it cannot be subject to further evaluation. If the student grade is less than 3.5, the student will have to repeat the course the following year. Students who have obtained agrade that is equal to or greater than 3.5 and less than 5 can take a second chance exam. The lecturers will decide the type of the second chance exam. When the second exam grade is greater than 5, the final grade will be a PASS with a maximum numerical grade of 5. When the second exam grade is less than 5, the final grade will be a FAIL with a numerical grade equal to the grade achieved in the course grade (not the second chance exam grade).
A student who does not perform any evaluative task is considered “not evaluable”, therefore, a student who performs a continuous assessment component can no longer be qualified with a "not evaluable".”
This subject that do include eh comprehensive evaluation option.
COMPREHENSIVE EVALUATION (Art. 265 of the UAB Academic Regulations)
By requesting the comprehensive evaluation the student waives the option of continuous evaluation.
The comprehensive evaluation must be requested at the Academic Management (Gestió acadèmica) of the Campus where the degree/master's degree is taught. The request must be filed according to the procedure and the deadline established by the administrative calendar of the Faculty of Economics and Business.
Attendance :
· Student attendance is mandatory on the day of the comprehensive assessment. The date will be the same as that of the final exam of the semester as per the evaluation calendar published by the Faculty of Economics and Business and approved by the Faculty's Teaching and Academic Affairs Committee. The duration of the comprehensive assessment must be specified in the characteristics of such activity.
· 100% of the evaluation evidences must be handed inby the student on the day of the comprhensive assessment.
· The evaluation evidences carried out in person by the student on the same day of the comprehensive assessment must have a minimum weight of 70%.
100% of evaluation is an exam, duration 3 hours, in the final exam classroom
"For the retake procedure, no distinction is made between students who have followed the continuous evaluation and those who have opted for the comprehensive evaluation. All will be re-assessed using the same test or evaluation evidence."
"The review of the final qualification will follow the same procedure as for the continuous evaluation".
Bibliography
Brun, X., Elvira, O i Puig, X. (2008) “Matemática Financiera i estadística básica”, Ed. PROFIT
Cruz, Salvador i Maria del Mar Valls. (2008) "Introducción a las Matemáticas Financieras", Pirámide.
Machín Moreno, Maria. (2012) "Introducción a las Matemáticas Financieras", UDIMA.
Matias, Rogerio i J.Antonio Seijas. (2009) "Matemática Financiera", Escolar Editora.
Miner, Jaime. (2005) "Matemática Financiera", McGraw-Hill
Navarro, E. (2019) "Matemáticas de las opeaciones financieras". Pirámide.
Navarro, E. I Nave, J.M. (2001) “Fundamentos de matemáticas financieras”, Antoni Bosch editor.
Sanou, Lina, Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera”, Vol I (núm. 102), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Sanou, Lina, , Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera” vol. II, (núm. 103), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Sanou, Lina, , Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera” vol. III, (núm. 104), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Valls, Maria del Mar. (2009) "Introducción a las Matemáticas Financieras: problemas resueltos", Pirámide.
Villazón, Cèsar i Lina Sanou (2001) “Matemàtica Financiera”, Ediciones Foro Científico, S.L., Barcelona
Important Bibliography
Sanou, Lina, Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera”, Vol I (núm. 102), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Sanou, Lina, , Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera” vol. II, (núm. 103), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Sanou, Lina, , Cèsar Villazón i Jordi Celma (2001) “Pràctiques de Matemàtica Financera” vol. III, (núm. 104), Servei de Publicacions, Universitat Autònoma de Barcelona, Bellaterra.
Software
Excel Sheet
Moodle tests
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 | Catalan | first semester | morning-mixed |
| (PAUL) Classroom practices | 501 | Catalan | first semester | afternoon |
| (TE) Theory | 10 | Catalan | first semester | morning-mixed |
| (TE) Theory | 50 | Catalan | first semester | afternoon |