michalskig-pl-wroclaw-courses-offer-2011-2012

No

Code

Title Person

ECTS

Hours

Term

Kopia

AUFSF 11/12

Analysis, Using and Understanding Financial Statements of the Firm

Grzegorz Michalski 3

20

Fall and Spring

nie

CFLM 11/12

CASH AND FINANCIAL LIQUIDITY MANAGEMENT

Grzegorz Michalski 4

20

Spring

nie

CAM 11/12

CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS

Grzegorz Michalski 4

20

Fall

nie

FAFI 11/12

Family finance management

Grzegorz Michalski 3

20

Fall

nie

FMNO 11/12

Financial Management for Nonprofit Organizations

Grzegorz Michalski 3

20

Spring

nie

COURSES OFFERED ERASMUS STUDENTS IN ACADEMIC YEAR 2011/12 prepared by Grzegorz Michalski

Introduction

Courses can be planned in Fall (Autumn) semester (October-January) or in Spring semester (February-June) or in Full year (one course continued in both semesters). Notice: usually in Polish universities semesters are called in another way: Fall=Winter and Spring=Summer.

Finance, Accounting and Banking

No

Code

Title Person

ECTS

Hours

Term

Kopia

AUFSF 11/12

Analysis, Using and Understanding Financial Statements of the Firm

Grzegorz Michalski 3

20

Fall and Spring

nie

CFLM 11/12

CASH AND FINANCIAL LIQUIDITY MANAGEMENT

Grzegorz Michalski 4

20

Spring

nie

CAM 11/12

CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS

Grzegorz Michalski 4

20

Fall

nie

FAFI 11/12

Family finance management

Grzegorz Michalski 3

20

Fall

nie

FMNO 11/12

Financial Management for Nonprofit Organizations

Grzegorz Michalski 3

20

Spring

nie

Title:

Analysis, Using and Understanding Financial Statements of the Firm

Lecture hours:

20
Study period:

Fall & Spring
Level:

Basic
Location:

Wrocław
Examination:

Written test
Language:

English
Prerequisites:

None
Course content:

In the lecture will be shown and explained the role of true understanding and profitable use of financial statements. Will be discussed their role in the prediction close and far future health of the firm.
Learning outcomes:

The ability to read and understand the most important information from financial data of the firm
Contact person:

Grzegorz Michalski, Erasmus.Michalski@gmail.com; tel.48.503.452.860
Literature:

Michalski G., Prediction cooperator future condition using financial statements (In Polish: Ocena kontrahenta na podstawie sprawozdań finansowych), ODDK, Gdańsk, 2008.

White G. I., A. C. Sondhi, D. Fried, The Analysis and Use of Financial Statements, Wiley, New York 2003.

Michalski G., Liquidity management in small enterprises (in Polish: Płynność finansowa w małych i średnich przedsiębiorstwach), WN PWN, Warszawa, 2005.

Peterson P. P., F. J. Fabozzi, Analysis of Financial Statements, Wiley, New York 2006.

Michalski G., Financial strategies of the firm (In Polish: Strategie finansowe przedsiębiorstw), ODDK, Gdańsk, 2009.

Wilson M., Reading the Financial Pages For Dummies, Wiley, New York 2009.

Faculty:

All
czy przedmiot jest kopią przedmiotu prowadzonego na UE?

nie

Title:

CASH AND FINANCIAL LIQUIDITY MANAGEMENT

Lecture hours:

20
Study period:

Spring
Level:

Basic
Location:

Wrocław
Examination:

Written test
Language:

English
Prerequisites:

None
Course content:

The aim of the course will be the best cash and financial liquidity mix. Cash management identify the cash balances (transaction, precautionary and speculative) which allows for the business to meet day to day expenses, but reduces cash holding and managing costs. Part of the financial liquidity management are also components such as inventories, accounts receivables and accounts payables. Inventory management identify the level of inventories and allow uninterrupted production but optimize the investment in materials and optimizes reordering costs. Accounts receivable management identify the best trade credit policy, i.e. credit terms which will be offered to customers. Financial liquidity and its measurement Corporate Net Working Capital management strategies Cash conversion cycle and operating cycle Inventory management (ABC, EOQ, POQ, VBEOQ, VBPOQ) Accounts receivable management Cash budget & cash management models.
Learning outcomes:

The ability to choose best cash and financial liquidity mix for the firm. Student should know how to identify the best source of financing and analyzes the best net working capital policy firm should chose to maximize its value.
Contact person:

Grzegorz Michalski, Erasmus.Michalski@gmail.com; tel.48.503.452.860
Literature:

Michalski G., Operational risk in current assets investment decisions: Portfolio management approach in accounts receivable, AGRICULTURAL ECONOMICS, Vol: 54, Iss: 1, p: 12-19, 2008.

Michalski G., Strategic Financial Liquidity Management (in Polish: Strategiczne zarządzanie płynnością finansową), CeDeWu 2010.

Michalski G., Effectiveness of investments in operating Cash, Journal of Corporate Treasury Management, ISSN 1753-2574, vol. 3, iss. 1, Dec. 2009.

Inventory Management Optimization as Part of Operational Risk Management, Journal Of Economic Computation And Economic Cybernetics Studies And Research, ISSN 0424-267X, vol.43 nr4/2009, s. 213-223.

Sartoris W.L., N.C.Hill, The McGraw-Hill 36-Hour Cash Management Course, 1993.

Maness T. S., J. T. Zietlow, Short-Term Financial Management, The Dryden Press, 1998. Michalski G., Liquidity management in small enterprises (in Polish: Płynność finansowa w małych i średnich przedsiębiorstwach), WN PWN, Warszawa, 2005.

Pluta W., G. Michalski, Short-run financial management. (in Polish: Krótkoterminowe zarządzanie kapitałem), CH Beck, Warszawa 2005.

Faculty:

All
czy przedmiot jest kopią przedmiotu prowadzonego na UE?

nie

Title:

CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS

Lecture hours:

20
Study period:

Fall
Level:

Basic
Location:

Wrocław
Examination:

Written test
Language:

English
Prerequisites:

None
Course content:

Current assets management should use a combination of policies and techniques leading to firm value creation. Cash management identify the cash balances (transaction, precautionary and speculative) which allows for the business to meet day to day expenses, but reduces cash holding and managing costs. Inventory management identifies the level of inventories and allows uninterrupted production but optimize the investment in materials and optimizes reordering costs. Accounts receivable management identify the best trade credit policy, i.e. credit terms which will be offered to customers. Corporate Net Working Capital management strategies Cash conversion cycle and operating cycle Inventory management (ABC, EOQ, POQ, VBEOQ, VBPOQ) Accounts receivable management Cash budget & cash management models.
Learning outcomes:

The ability to decide which current assets management strategy is the best in the context of firm value creation.
Contact person:

Grzegorz Michalski, Erasmus.Michalski@gmail.com; tel.48.503.452.860
Literature:

Maness T. S., J. T. Zietlow, Short-Term Financial Management, The Dryden Press, 1998. Michalski G., Liquidity management in small enterprises (in Polish: Płynność finansowa w małych i średnich przedsiębiorstwach), WN PWN, Warszawa, 2005.

Pluta W., G. Michalski, Short-run financial management. (in Polish: Krótkoterminowe zarządzanie kapitałem), CH Beck, Warszawa 2005.

Michalski G., Strategic financial liquidity management (in Polish: Strategiczne zarządzanie płynnością finansową), CeDeWu, Warszawa 2010.

Michalski G., Effectiveness of investments in operating Cash, Journal of Corporate Treasury Management, ISSN 1753-2574, vol. 3, iss. 1, Dec. 2009.

Michalski G., Inventory Management Optimization as Part of Operational Risk Management, Journal Of Economic Computation And Economic Cybernetics Studies And Research, ISSN 0424-267X, Volume 43 Number 4/2009, s. 213-223.

Faculty:

All
czy przedmiot jest kopią przedmiotu prowadzonego na UE?

Nie

Title:

Family finance management

Lecture hours:

20
Study period:

Fall
Level:

Basic
Location:

Wrocław
Examination:

Written test
Language:

English
Prerequisites:

None
Course content:

During this lectures we will learn how to identify family best values and how to choose family financial goals. We will use long-run and short-run financial decision approach knowing that our decisions are fixed in conditions of risk and uncertainty.
Learning outcomes:

Student should know how to identify family best values and how to choose family financial goals with use long-run and short-run financial decision approach.
Contact person:

Grzegorz Michalski, Erasmus.Michalski@gmail.com; tel.48.503.452.860
Literature:

Michalski G., Lexicon of financial management (In Polish: Leksykon zarządzania finansami), CH Beck, Warszawa 2004.

Michalski G., Financial strategies of the firm (In Polish: Strategie finansowe przedsiębiorstw), ODDK, Gdańsk, 2009.

Michalski G., K. Prędkiewicz, Succesfull entrepreneurial financial management in microfirms (in Polish: Tajniki finansowego sukcesu dla mikrofirm), CHBeck 2007.

Bajtelsmit V. L., Personal Finance: Planning and Implementing Your Financial Goals, Wiley 2005.

Douglas A., E. Lewin, Family Finance, Dearborn Trade 2001.

Woerheide W., Core Concepts of Personal Finance, Wiley 2004.

Fletcher D. E., Understanding the Small Family Business, Routledge 2002.

Millar R., A Complete Guide to Family Finance, Kogan Page Publishers 2004.

Israelsen C. L. , R. O. Weagley, Personal & Family Finance Workbook, Kendall Hunt Pub 2006.

Callaghan G., I. Fribbance, M. Higginson, Personal Finance, Wiley 2006.

Michalski G., Fundamentals of financial management (in Polish: Wprowadzenie do zarządzania finansami), CHBeck, Warszawa 2010.

Faculty:

All
czy przedmiot jest kopią przedmiotu prowadzonego na UE?

Nie

Title:

Financial Management for Nonprofit Organizations

Lecture hours:

20
Study period:

Spring
Level:

Basic
Location:

Wrocław
Examination:

Written test
Language:

English
Prerequisites:

None
Course content:

This lecture will cover the theory and practice of nonprofit financial policies and strategies. Our purpose will be to show how to choose and use financial management strategies for nonprofit organization. We will present how nonprofit organizations should use cash flow sources, borrowing, risk management, short-run and long-run financial planning.
Learning outcomes:

The knowledge how to choose and use financial management strategies for nonprofit organization.
Contact person:

Grzegorz Michalski, Erasmus.Michalski@gmail.com; tel.48.503.452.860
Literature:

Michalski G., Intrinsic Liquidity Value for Non-Profit Organizations, Proceedings of the 2nd International Conference on Business and Economy – Constanza, vol. 2, H.Ridley, M.Farber, S.Hull (eds.) , Contemporary Science Association, Addleton Academic Publishers, New York 2010, ISBN: 978-1-935494-18-8, s. 235-242.

Zietlow J., J.A. Hankin, A.G. Seidner, Financial Management for Nonprofit Organizations: Policies and Practices, Wiley 2007.

Michalski G., Optimal Strategy of Liquidity Financing for Non-Profit Organizations, Proceedings of the 2nd International Conference on Business and Economy – Constanza, vol. 2, H.Ridley, M.Farber, S.Hull (eds.) , Contemporary Science Association, Addleton Academic Publishers, New York 2010, ISBN: 978-1-935494-18-8, s. 225-234.

Herman M.L., G.L. Head, P.M. Jackson, T.E. Fogarty, Managing Risk in Nonprofit Organizations: A Comprehensive Guide, Wiley 2003.

Bryce H.J., Financial and Strategic Management for Nonprofit Organizations: A Comprehensive Reference to Legal, Financial, Management, and Operations Rules and Guidelines for Nonprofits, Wiley 2000.

Hankin J.A., A.G. Seidner, J. Zietlow, Financial Management for Nonprofit Organizations, Wiley 1998.

Maddox D.C., Budgeting for Not-for-Profit Organizations, Wiley 1999.

Zietlow J.T., A. Seidner, Cash and Investment Management for Nonprofit Organizations, John Wiley & Sons, New York 2007.

Michalski G., Efektywność inwestycji w zapasy w opodatkowanych I nieopodatkowanych organizacjach, ZN US nr 639, Szczecin 2011, s. 277-286

Faculty:

All
czy przedmiot jest kopią przedmiotu prowadzonego na UE?

nie

michalskig-pl-wroclaw-courses-offer-2011-2012.doc

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