Financial products

The subject of Financial Products belongs to the training block of Financial Economics. Its presence in the studies of the Master in Accounting and Financial Management responds to the need to provide students with knowledge of the financial instruments that currently exist in the market, available to the company, to carry out an efficient investment and financing policy. Specifically, we will conduct a descriptive study of each product along with its fiscal financial analysis.

1. Financial products.
2. Savings products.
3. Financing products.
4. Insurance and risk management in the company.

Bodie, Z., Kane, A., Marcus, A. J. (2004): Principios de Inversiones, McGraw-Hill, 5ª Edición, Madrid.
Brown, R.L., Kopp, S., Zima, P. (2011): Mathematics of Finance, 7th Edición, McGraw-Hill.
Calvo, A., Parejo, J., Rodríguez, L. e Cuervo, A. (2014). Manual del sistema financiero español, Ed. Ariel Economía y Empresa, 25 edición.
Gómez Martínez, R. (2019) Productos y mercados financieros en España. Guía completa para el asesor financiero, Editorial Dykinson, S.L.
Igual Molina, D (2017) Productos y servicios bancarios, Ed. Profit, Barcelona.
López Penabad, M.C., Redondo López, J.A. e Rodríguez Sandiás, A. (2009): La Práctica de las Inversiones Financieras, Andavira editora, Santiago de Compostela.
Martín Marín, J.L.; Trujiillo Ponce (2004): Manual de Mercados Financieros, Thomson.
Martínez Carrasco, R. D. (2011): Productos Financieros Básicos y su cálculo, Ed. ECU.
Meneu, V., Jordá, M. P., Barreira, M. T. (1994): Operaciones financieras en el mercado Español. Ed. Ariel Economía.
Rescalvo Santiago, J. M. (2015) Tributación de operaciones y productos financieros, Editor: Lex Nova.
Ximénez Rodríguez, S., Fernández López, S., Otero González, L., Piñeiro Chousa, J. e Lalinde Roura, I. (2000): Análisis y cálculo de las operaciones financieras”. Tórculo Ediciones.
Check the availability of the bibliography in the BUSC catalog:
http://iacobus.usc.es/search*gag/r?SEARCH=produtos+financeiros

Links and web pages of interest for the subject:Asociación Española da Banca: www.aebanca.es
Autoridad Bancaria Europea; European Banking Authority (EBA): www.eba.europa.eu/
Autoridad Europea de Seguros y Fondos de Pensiones; European Insurance and Occupational Pensions Autoridad Europea de Valores y Mercados; European Securities and Markets Authority (ESMA): www.esma.europa.eu/
Banco Central Europeo: www.ecb.int
Banco de España: www.bde.es
BME Renta Fija/AIAF/: www.aiaf.es
Bolsa de Madrid: www.bolsamadrid.es
Bolsas y Mercados Españoles (BME): www.bolsasymercados.es
Comisión Europea, Internal Markets, Financial Services and Capital: http://ec.europa.eu/internal_market/top_layer/financial_capital/index_e…
Comisión Nacional del Mercado de Valores: www.cnmv.es
Dirección General de Seguros y Planes de Pensiones: www.dgsfp.meh.es
European Central Bank: www.ecb.int
Federación Europea de Bolsas de Valores: www.fese.be/en/
Federación Mundial de Bolsas: www.world-exchanges.org
Instituto Español de Analistas Financieros: www.ieaf.es
Reuters España: www.reuters.es
Sociedad de Bolsas: www.sbolsas.com
Tesoro Público: www.tesoro.es

BASICS and GENERAL
CB6 - Possess and understand knowledge that provides a basis or opportunity to be original in the development and / or application of ideas, often in a research context.
CB7 - That students know how to apply the knowledge acquired and their ability to solve problems in new or little known scenarios within broader (or multidisciplinary) contexts related to their area of study.
CB8 - That students are able to integrate knowledge and face the complexity of making judgments based on information that, incomplete or limited, includes reflections on social and ethical responsibilities related to the application of their knowledge and judgments.
CB9 - That students know how to communicate their conclusions and the latest knowledge and reasons that support them to specialized and non-specialized audiences in a clear and unequivocal way
CB10 - That students possess the learning skills that allow them to continue studying in a way that will need to be largely self-directed or autonomous.
G1 - Ability to make management decisions in the financial and accounting environment of the company, in situations of uncertainty that mimic reality, as well as to manage information.
G2 - Ability to develop and defend arguments on specialized issues and solve problems on these issues, making use of the knowledge acquired about the financial and accounting reality of the company, theories, models and appropriate methods.
G3 - Ability to communicate information, ideas, financial and accounting management problems and proposed solutions, using verbal and written language and presentation techniques, to specialized and non-specialized audiences.
G4 - Ability to work in a team and develop managerial skills. Decision making involves certain risks that it is imperative to take consciously. This decision making requires the integration of information provided by people with different points of view and information that may be different or respond to different goals. The student should be able to integrate these different points of view, developing social skills to interact as a member of a work team.
G5 - Critical and self-critical ability. The student must be able to form his own criteria, integrating the acquired knowledge, to determine the bases on which to base his positions.
G6 - Ability to learn independently so that the student can continue to be constantly updated in the financial and accounting fields, in which new theories and practices are constantly emerging.
TRANSVERSAL
T2 - Knowledge of information technology related to the field of study.
T3 - Teamwork
T4 - Ethical sense
T6 - Creativity and innovative ability
SPECIFIC
E3 - Ability to analyze relevant information to understand the financial implications of international business.
E4 - Ability to integrate ethics in management as a value included in codes of conduct, with the financial objective of the company and the ability to generate value in a sustainable way.
E7 - Ability to determine the adequacy, in terms of profitability and risk, of the assets purchased in the financial markets to the profile of the investor or to be able to establish benchmarks for the valuation of business investment and financing projects.
LEARNING OUTCOMES
Achieving these competencies will mean that students achieve the following learning outcomes by taking this subject:
· Ability to analyze different investment alternatives.
· Ability to analyze different financing alternatives.
. Knowledge of the products available to the company to carry out an investment, financing and risk management policy.
· Assessment of the risks that affect the company and its management through contracting insurance.
· Ability to model different financial products.

As this is a master’s degree, it is especially important for students to perceive the applicability of its contents. All the contents explained in the topics will be accompanied by multiple examples and the resolution of practical cases, which will be done individually and also in small work groups. In addition, an important part of the subject will be taught in the computer room, with the corresponding tutorial support that allows students to learn correctly through active participation. Likewise, the review of bibliographic sources that help the student to have a broader vision and favor the deepening of topics that may be of more interest will be encouraged.

VGirtual classroom of the USC will be the point of reference for the development of the teaching and the follow-up of the matter, through the page of the course that offers the periodic programming of classes and material.

The evaluation system will be continuous and will consist of two elements. A theoretical-practical exam that will suppose 60% of the final note, and the remaining 40%, will correspond to programmed activities, realization of works and cases proposed during the course, and tutorials. The evaluation system will be the same in all calls.
Students who are granted a class attendance exemption (following Instruction No. 1/2017 of the General Secretariat on the waiver of class attendance in certain circumstances), will be assessed with a specific final exam that will account for 100% of the grade.
The list of the different activities that can be evaluated throughout the course, their weighting and the way in which they will be controlled will be indicated in the teaching guide of the subject that will be published in the virtual classroom at the beginning of the course.
In the event of fraudulent completion of exercises or tests, the provisions of the “Normativa de avaliación do rendemento académico dos estudantes e de revisión de cualificacións” will be applied.

Taking into account the set of activities that students have to develop in this subject throughout the course, their work is distributed as detailed below.

FACE-TO-FACE WORK IN THE CLASSROOM
Exhibition Class: 6 p.m.
Interactive seminar class: 24h
Tutorials: 6h
Other sessions with teacher. Evaluation 2h
Total hours of face-to-face work in the classroom: 50h

STUDENT PERSONAL WORK
Individual or group autonomous study: 40h
Writing exercises, conclusions and other works related to the subject: 20h
Recommended reading, library activities or similar: 8h
Total personal work hours of students: 68 h.

Basic knowledge of finance is required. Class attendance will be considered fundamental as a way of understanding and assimilating the content of the subject. It is recommended that students make use of tutorial hours to resolve doubts or clarifications of concepts. On the other hand, taking into account the fundamental role that the work on the spreadsheet plays in this subject, it is advisable that students who do not develop fluently in this field seek to improve their management both with their personal effort and using tutorial hours.