Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


By the end of the course, the students will be able to show detailed understanding of the decisions facing the financial management of a business enterprise, such as payout policy, capital structure decisions, working capital management, and others.

Credits: 6

Schedule: 14.09.2021 - 29.10.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Michael Ungeheuer, Joonas Lappalainen

Contact information for the course (applies in this implementation):

See syllabus.

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    Corporate financing; dividend policy; capital structure; debt financing; financial planning; credit and cash management; mergers, acquisitions and corporate control. The assignments require fluency in the use of a spreadsheet program.

  • applies in this implementation

    See syllabus and first lecture videos.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    1. Lectures, Assistant Professor Michael Ungeheuer
    2. Exercises (50%), Assistant Professor Michael Ungeheuer
    3. Final exam (50%) based on the lectures, exercises, the textbook and other readings handed out in class.

  • applies in this implementation

    See syllabus and first lecture videos.

  • valid for whole curriculum period:

    Classroom hours, 32 h
    Class preparation, 36 h
    Exercise & Case Study hours, 8 h
    Exercise & Case Study preparation, 60 h
    Exam preparation, 30 h
    Exam, 3 h


Study Material
  • valid for whole curriculum period:

    Brealy, Myers & Allen (2019, 13th edition) Principles of Corporate Finance. Earlier editions can also be used.


    Other readings are provided via MyCourses.

  • applies in this implementation

    See syllabus.

Substitutes for Courses
SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth


Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Autumn I

    2021-2022 Autumn I

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.

    The course is offered to BIZ students only.