1. Introduction
2. Financial analysis of small and medium-size enterprises
3. Particular aspects of the financial management of small and medium-size enterprises

1. Introduction to SPSS
2. Univariate Analysis
   1. Point and interval estimation.
   2. Hypothesis tests.
3. Multivariate Analysis
   1. Regression.
   2. Factor analysis (principal components method).
   3. Clusters analysis.
4. Time Series and Forecast
   1. Decomposition.
   2. The Box-Jenkins forecast technique.
   3. Modeling conditional heterocedasticity.
5. Models based on panel data
   1. Fixed effects models
   2. Random effects models
6. Introduction to structural equation modelling
   1. Constructs and indicators
   2. Measurement models
   3. Specification of the structural model

1. Markets and Financial Investments
2. Complex and non-complex financial products
3. Future and Forwards Contracts
4. Options
5. Other complex financial products: CFD, ETF, Forex, Warrants, structured financial products
6. Investment Funds
7. Commodities

1. Business financial literacy
   1. Analysing investment decisions
      1. Financial maths: analysis tools
      2. Risk analysis
   2. Forms of financing for SMEs
2. Gamification methodologies in business science
   1. Innovation games for decision-making
      1. The Lego Serious Play methodology
3. Corporate governance and value creation
   1. Fundamental concepts
   2. Governance systems
   3. Empirical Evidence
4. Corporate Restructuring
   1. Corporate Restructuring Mechanisms

1. Behavioral Finance:
   1. Efficiency of markets;
   2. Cognitive and emotional biases of investors;
   3. Behavioral evaluation models.
2. Financing:
   1. Venture capital;
   2. IPO;
   3. Cross Listings.
3. Default risk:
   1. Default risk models for listed and unlisted companies.
4. Liquidity:
   1. Concept and measures of liquidity (Amihud and Mendelsen (1986), Amihud (2002), among others).
5. Exchange Mergers:
   1. Analysis of past examples and future perspective.

1. Evaluating closed companies.
   1. Cash flow growth rate.
   2. Discounted cash flow models.
   3. Determination of the required rate of return.
2. Real estate appraisal.
   1. Introductory concepts.
   2. Real estate appraisal models.
      1. Traditional methods: comparative method, the cost method, income method.
      2. Advanced methods: Hedonic pricing model.
3. Brand Valuation – an overview.
   1. Brand Valuation and firm value.

1. Introductory Concepts
2. Phases of investment analysis
3. From the search for information to cash-flows
4. Evaluation of investment projects
5. Financing of investment projects
6. Investment projects in contexts of uncertainty
7. Performance Indicators

1. Introduction to Portfolio Management
   1. Definition of the investment policy
   2. Investment Schools
2. Passive and active portfolio management
   1. Passive management portfolio
   2. Actively managed portfolios
      1. Strategic Asset Allocation
      2. Tactic Asset Allocation
3. Basic concepts on investment
   1. Stock Orders
   2. Fundamental Analysis
   3. Technical Analysis
   4. Investing in Stocks
   5. Investing in Futures
   6. Investing in CFDs
   7. Invest in ETFs
   8. Investing in Forex

Choose from the following Couse Units:

Audit and Accounts Review

1. The auditor’s role in our society
2. The various types of audit
3. Organization, regulation and responsibility of the auditor’s activity
4. The audit process
5. Audit reports
6. Ethics and deontology of the profession
7. The future of auditing: analysis of “audit expectations gap”
8. Reporting of non-financial information and its audit
   1. GRI – Global Reporting Initiative and IIRC- International Integrated Reporting Council
   2. Norms of Assurance

Business Intelligence and Analytics

1. Introduction to Business Intelligence
   1. Framework and importance;
   2. Project development cycle;
   3. Application cases.
2. Introduction to data modeling
   1. Operating and analytical systems;
   2. Relational model;
   3. Dimensional model;
3. Data integration and preprocessing
   1. Data types;
   2. Data collection process and definition of metadata;
   3. Data pre-processing: cleaning, transformation and integration.
4. Data Analytics and Data Visualization:
   1. Visual processing and perception;
   2. Types of graphs, their function and selection factors;
   3. Identify, develop, implement and use KPIs.
   4. Construction of interactive dashboards and scoreboards;
   5. Construction of a temporal intelligence mechanism.
5. Presentation, communication and storytelling:
   1. Identify what they express and what to convey about the data;
   2. Structure narratives for target audiences;
   3. Communicate the data story with context and direction.

Strategic Management Consulting

1. Reports and analysis
   1. Communication rules; analysis, sources of information and presentation of data;
2. Principles of strategic management
   1. General knowledge; frameworks portfolio; competitive factors; ethics
3. Execution
   1. Governance and management processes; enforcement practices, rituals and incentives

International Finance

1. Introduction: Framework of International Finance: Why International Financial Management, International Monetary System, Foreign Exchange Market, Currencies and Exchange Rates;
2. Exchange Rates: direct and indirect quotation, cross exchange rate, spot and forward exchange rate; bilateral and triangular arbitrage;
3. Exchange risk management, arbitration mechanisms, currency swaps, currency options;
4. International capital markets: framework, integration of international capital markets;
5. International portfolio management, international diversification: traditional and contemporary

Tax Management

1. Tax management
   1. Introduction
   2. Tax Management, Tax Evasion and Tax Fraud
   3. The role of taxation in company management decisions.
2. Corporate income tax regimes:
   1. General Regime
   2. Special regimes
   3. Special Taxation Regime for Groups of Companies
3. Taxation and Investment Activities
   1. The Participation Exemption regime
   2. Double Taxation Conventions
4. Anti-abuse measures
   1. General Anti-abuse Clause and Special Clauses
   2. Deductibility of financial charges
   3. Transfer Pricing
5. Tax Benefits
   1. Tax Incentives for the Capitalization of Companies
   2. System of business incentives for research and development (SIFIDE)
   3. Incentives to increase salaries
   4. Employee benefits

Control Planning and Management

1. Introduction: Key ideas of the Management Control Systems
2. Financial information for management control
3. Accountability for results
4. Planning, budgeting and budgetary control
5. Monitoring of performance management
6. Performance evaluation and incentive system

Project Planning and Management

1. Module 1 – Introduction to Project Management: General Concepts; Elements of Management
2. Module 2 – Project Conception: Identification of the problem to be solved; Change Theory; Construction of the proposed solution;
3. Integration; Communication and stakeholders
4. Module 3 – Agile Techniques: Agile Manifesto; Main techniques; Comparison with the traditional approach
5. Module 4 – Project planning: scope and quality, resources and time, costs, risks
6. Module 5 – Monitoring, evaluation and feedback: definitions, tools and monitoring and evaluation

Free Elective

The Free Elective corresponds to any curricular unit from a 2nd cycle course at the Polytechnic of Leiria, subject to prior validation by the study cycle coordinator.

Choose from the following Couse Units:

Audit and Accounts Review

1. The auditor’s role in our society
2. The various types of audit
3. Organization, regulation and responsibility of the auditor’s activity
4. The audit process
5. Audit reports
6. Ethics and deontology of the profession
7. The future of auditing: analysis of “audit expectations gap”
8. Reporting of non-financial information and its audit
   1. GRI – Global Reporting Initiative and IIRC- International Integrated Reporting Council
   2. Norms of Assurance

Business Intelligence and Analytics

1. Introduction to Business Intelligence
   1. Framework and importance;
   2. Project development cycle;
   3. Application cases.
2. Introduction to data modeling
   1. Operating and analytical systems;
   2. Relational model;
   3. Dimensional model;
3. Data integration and preprocessing
   1. Data types;
   2. Data collection process and definition of metadata;
   3. Data pre-processing: cleaning, transformation and integration.
4. Data Analytics and Data Visualization:
   1. Visual processing and perception;
   2. Types of graphs, their function and selection factors;
   3. Identify, develop, implement and use KPIs.
   4. Construction of interactive dashboards and scoreboards;
   5. Construction of a temporal intelligence mechanism.
5. Presentation, communication and storytelling:
   1. Identify what they express and what to convey about the data;
   2. Structure narratives for target audiences;
   3. Communicate the data story with context and direction.

Strategic Management Consulting

1. Reports and analysis
   1. Communication rules; analysis, sources of information and presentation of data;
2. Principles of strategic management
   1. General knowledge; frameworks portfolio; competitive factors; ethics
3. Execution
   1. Governance and management processes; enforcement practices, rituals and incentives

International Finance

1. Introduction: Framework of International Finance: Why International Financial Management, International Monetary System, Foreign Exchange Market, Currencies and Exchange Rates;
2. Exchange Rates: direct and indirect quotation, cross exchange rate, spot and forward exchange rate; bilateral and triangular arbitrage;
3. Exchange risk management, arbitration mechanisms, currency swaps, currency options;
4. International capital markets: framework, integration of international capital markets;
5. International portfolio management, international diversification: traditional and contemporary

Tax Management

1. Tax management
   1. Introduction
   2. Tax Management, Tax Evasion and Tax Fraud
   3. The role of taxation in company management decisions.
2. Corporate income tax regimes:
   1. General Regime
   2. Special regimes
   3. Special Taxation Regime for Groups of Companies
3. Taxation and Investment Activities
   1. The Participation Exemption regime
   2. Double Taxation Conventions
4. Anti-abuse measures
   1. General Anti-abuse Clause and Special Clauses
   2. Deductibility of financial charges
   3. Transfer Pricing
5. Tax Benefits
   1. Tax Incentives for the Capitalization of Companies
   2. System of business incentives for research and development (SIFIDE)
   3. Incentives to increase salaries
   4. Employee benefits

Control Planning and Management

1. Introduction: Key ideas of the Management Control Systems
2. Financial information for management control
3. Accountability for results
4. Planning, budgeting and budgetary control
5. Monitoring of performance management
6. Performance evaluation and incentive system

Project Planning and Management

1. Module 1 – Introduction to Project Management: General Concepts; Elements of Management
2. Module 2 – Project Conception: Identification of the problem to be solved; Change Theory; Construction of the proposed solution;
3. Integration; Communication and stakeholders
4. Module 3 – Agile Techniques: Agile Manifesto; Main techniques; Comparison with the traditional approach
5. Module 4 – Project planning: scope and quality, resources and time, costs, risks
6. Module 5 – Monitoring, evaluation and feedback: definitions, tools and monitoring and evaluation

Free Elective

The Free Elective corresponds to any curricular unit from a 2nd cycle course at the Polytechnic of Leiria, subject to prior validation by the study cycle coordinator.

Dissertation in Corporate Finance

1. Definition of research theme
   1. Use of scientific repositories
   2. Analysis of scientific articles by area of interest
   3. Achievement of overall objectives, key issues and specific research theme
2. Elaboration of the dissertation
   1. Presentation of the research theme
   2. Presentation of the theoretical framework of research theme
   3. Presentation of the methodology used
   4. Presentation of the results obtained
   5. Presentation and discussion of the results
   6. Presentation of future research pathways

Project in Corporate Finance

1. Definition of research theme
   1. Use of scientific repositories
   2. Analysis of scientific articles by area of interest
   3. Achievement of overall objectives, key issues and specific research theme
2. Elaboration of the dissertation
   1. Presentation of the research theme
   2. Presentation of the theoretical framework of research theme
   3. Presentation of the methodology used
   4. Presentation of the results obtained and practical consequences
   5. Presentation and discussion of the results
   6. Presentation of future research pathways

Internship in Corporate Finance

1. The definition of the issue or problem to be addressed in activity to be undertaken
2. Methodology and the schedule of research
3. Report
   1. Characterization of the organization
   2. Description and critical analysis of the activities developed
   3. Presentation of the issue/problem to be solved
   4. Presentation of the state of the art in the area of the issue/problem to be solved
   5. Reasoned selection of methodologies to address the issue/problem
   6. Designing a solution to the proposed problem and exploring its implications
   7. Critical analysis

1. Research in Finance/Management
2. Responsibility and ethical challenges in scientific research
3. Definition of research topic
4. Critical literature review
5. Use and collection of secondary data
6. Writing and presenting a research report