1. 1. ECONOMIC AND FINANCIAL ANALYSIS
1.1. Financial Statement Analysis.
1.1.1. Solvency and indebtedness.
1.1.2. Applications and Funds statement.
1.1.3. Diagnosis of financial evolution.
1.2. Analysis of Working Capital.
1.2.1. The operating cycle of the company.
1.2.2. Capital management and financial needs.
1.3. Analysis of the Income Statement. USALI.
1.3.1. Departamental costs.
1.3.2. Summary Operating Statement. Marginal analysis.
1.3.3. Breakeven and other ratios.
1.4. The Profitability and Financial Leverage effect.
1.4.1. Operating profitability and key factors.
1.4.2. The financial performance before and after taxes.
1.5. Case Studies.
2. ECONOMIC AND FINANCIAL PLANNING
2.1. How to implement the economic and financial planning.
2.1.1. Profit and Loss statement forecast.
2.1.2. Cash flow projections.
2.1.3. Capital budget.
2.1.3. Balance sheet forecast.
2.2. Diagnosis forecast.
2.2.1. Causes of the financial problems of the company.
2.2.2. Transitional and permanent financial needs.
2.3. Financing alternatives.
2.3.1. Active resources.
2.3.2. Equity funds.
2.3.3. Long-term financing.
2.3.4. Cyclical and express funds.
2.4. Financial policy.
2.4.1. Cash Flow projections in different scenarios.
2.4.2. Evaluating Hotel Development Plan.
2.4.3. Sensitivity analysis and its impact on the IRR.
2.5. Case Studies.
Practical work of economic and financial viability plan. (40%)
Class participation. (10%)
Practical cases during the course (50%) or Final exam. (50%)
• Students may choose between continuous assessment system or final exam, according to the current regulations of the school (minimum classs attendance required of 80%).