BBA 320 Managerial Finance

Transcription

1 BBA 320 Managerial Finance Spring Semester 2015 General Information Class Date: 1/22/2015 5/8/2015 Credit: 3 Credit Hours Professor: Dr. Tanesha Morgan Phone: (225) Tanesha.morgan@nau.edu BBA Mission Statement: The BBA Program To provide excellent business management and related higher education for working adults throughout Arizona with an in-depth focus on core business competencies with in a global context. BBA Vision Statement: To be a premier provider of Baldrige-Quality business management and related higher education with an emphasis on value and accessibility. BBA Learning Objectives: We will train our graduates to: 1) Communicate business information professionally, 2) Recognize and solve business problems in an ethical manner, 3) Analyze and utilize financial information, 4) Work well in diverse teams, including virtual settings, BBA Values: We Value:

2 Visionary and innovative leadership, Lifelong student, faculty, and organizational learning, Ethical and socially responsible behavior, Creating and improving excellence & value - personal and societal, Diversity of people and ideas Course Prerequisites: BBA 320 Managerial Finance Business Major Status or ACC 255, ACC 256,and MAT 119 and Junior Status for non-business majors. Course/Catalog Description: Survey of the major areas of financial operations in business and their relationship to other business functions, internal financial activity, sources of funds and the firms involvement with money and capital markets, basic techniques of financial analysis and their application to financial decision making, development of and understanding of the financial system. Course Learning Outcomes: At the successful completion of this course, students will be able to: Determine the financial health of a firm by examining their financial statements. Adjust the value of cash flows across time. Calculate returns and riskiness of returns for various assets. Describe the source of asset and be able to calculate values for various financial assets. Assess the value of potential investment in fixed assets and make correct decisions on whether or not to proceed with the investment. Describe the sources of capital available to firms and estimate the cost for various sources. Forecast financial statement into the future and determine future external financing needs. Describe the importance of working capital to tie firm's financial health and its affect on the firm's profitability and liquidity. Describe sources of short-term financing available to firms and the relative advantages or disadvantages of each.

3 Describe the tradeoff between minimizing cash balances and maintaining sufficient liquidity and determine optimal cash balances for firms. Describe the tradeoff between levels of investments in accounts receivables and inventory and the profitability and liquidity of the firm. Describe how international trade creates additional risks and opportunities for firms. Students should be able to assess the effect of varying exchange rates on financial statements, cash flows from fixed assets, credit decisions, and pricing strategies. Textbook and Course Material: Required Text Principles of Managerial Finance, Brief, 6th edition by Lawrence J. Gitman; and MyLab/Mastering Student Access Code Card. The student access Code Card, the e-text, or the textbook may be purchased at the NAU bookstore, or online retailers. Recommended Tool Companion Website to accompany Principles of Managerial Finance, Brief, fifth edition at Required Tools - A financial calculator or spreadsheet software. Optional Software Free PowerPoint Viewer to allow you to read the PowerPoint slides that may be used as outlines for the textbook chapters. The viewer may be downloaded at Additional articles and reading materials as assigned Course Structure and approach: This is an online, independent study course. Communication between instructor and students or between students will take place in BbLearn. Connectivity to the Internet is the student s responsibility. Personal communication between the instructor and students will primarily take place via and the Discussion Board in BbLearn. Instruction will focus on your reading assignments, homework assignments, numerical and analytical problem solving, online critical thinking assignments through the Discussion Board, a critical writing assignment, 12 chapter exams, and a mid-term and Final. The course is based on a Personal Learning Plan for each student. Each student must complete the reading of each chapter, do homework and online critical thinking assignments then show mastery of the material on a chapter exam. Once mastery of the chapter has been achieved, the student can move on to the next chapter. To ensure students retain the information acquired during the course a mid-term and a final must be taken. The mid-term will cover the first six chapters of the text and must achieve a 75% or better to move on to Chapter 7. The final covers chapter seven through chapter 12 and a score of 75% or higher must be achieved in order to receive the points for the final.

4 A student may move as fast as he/she can master the material. A student finding the material challenging may have some additional time. However, ALL course assignments/exams must be completed by the course end date. Evaluation Tools: Student performance will be evaluated by means of assessment. The assessments consist of twelve homework assignments, twelve online critical thinking assignments, one written case analysis and twelve chapter exams. The learning performance will be achieved if the student passes the course work with a grade of a "C" or higher based on the following grading scale: 1. Homework Assignments (15 points each) Online Critical Thinking Assignments (10 points each) Case Study (300 points) Chapter Exams (100 points each) Mid-term (150 Points) Final (150 Points). 150 Grading Procedure: points A points B points C points D points F Homework: Total 2100 Homework is located in MyLab/Mastering. Homework must be completed before attempting the chapter test. The assignments are not timed, open book, open notes and may be taken at any location. There are 12 homework assignments worth 15 points each for a total of 180 points. Homework may be attempted as many times as you would like. The Chapter test will not be opened in MyLab/mastering until you have achieved 95% on the homework. Although there are no deadlines on homework, it is up to the student to complete all work in a timely manner and must be completed before the course end date. Online Critical Thinking Assignments:

5 The online critical thinking assignments are the only time sensitive assignments. In the Suggested Course Outline the schedule for these assignments is given. They will be posted in BbLearn beginning Monday 12:01 AM and will close the following Sunday 11:59 PM. The assignment requires use of the information from the Chapter that is suggested for that week and how it relates to the case study. These critical thinking assignments as to help develop the case study due the last week of class. There will be 12 online critical thinking assignments worth 10 Points each for a total of 120 points. There are two parts to every assignment. Part A is called an Initial post and consists of a written answer of at least 100 words and one citation in APA format. Part B is the Response post, must be substantial, and based on the initial post of another student. In order for the response post to be substantial, it must be a minimum of 50 words and must add to or further the discussion. Each you should write your initial post then find an initial post of a classmate and respond to his or her post. Although, it is not required for points, it is proper manners to respond to any comments made about your posts. The discussion board will be our virtual classroom and participation is required. All post grading will use the following rubric: Criteria Novice Proficient Superior Initial post - Original question Weight 10.00% Initial Post - Substantive & Length Weight 20.00% Citation and reference Weight 20.00% Response posts Weight 50.00% 0 % Initial post is not present 0 % Initial Post is not present. 0 % Citation present but no reference 0 % Not Present 50 % NA 50 % Initial post is substantive but not long enough. 50 % Citation and reference are present but not in APA Format 50 % The post is not substantive by adding new knowledge to, or furthering the discussion. 100 % Initial post is preceded by the original question. 100 % Initial post is substantive and of proper length. 100 % Citation and reference present and in proper APA format. 100 % Response post is substantive. The Case Study. Through out the course, via the discussion board, students will be applying the information learned in the chapters of the text to the Case Study. The case study is in BbLearn for easy access throughout the course. Due the last week of the semester, each student will write a one-page memo following the instruction in the problem. The memo must contain one citation in APA format. Attached to this memo should be all calculation and charts used to support the advice given in the memo. This assignment is

6 worth 300 points and is a substantial portion of your grade so take it serous and try to apply everything you learning to it. The assignment will be graded base on the following rubric. Case Analysis Rubric TRAIT Issues 16% Unacceptable 25% Does not recognize a problem or mentions problems that are not based on facts of the case Below average 50% Recognizes only one key problem. Acceptable 75% Recognizes one or more key problems in the case and indicated some issues are more important. Exemplary 100% Recognizes multiple problems in the case and indicates some issues are more important than others and explains why. Score Identify missing information 16% Knowledge 16% Actions 16% Does not identify the missing information. Simply repeats facts listed in case and does not discuss the relevance of these facts. No action proposed or proposes infeasible action(s). Identifies the missing information. Considers facts of the case but does not cites related knowledge from theoretical or empirical research. Only one action proposed. Identifies missing information and indicates where to find it. Considers facts of the case and cites related knowledge from theoretical or empirical research (in-text citation). More than one reasonable action proposed. Clearly Identifies the missing information describes where to find the information and finds it. Discusses facts of the case in relation to empirical and theoretical (in-text citation) research and adds knowledge from personal experience. Proposed actions seem to deal with the most important issues.

7 Consequences 16% No positive and negative consequences are identified. Consequences are identified but not discussed. Positive and negative consequences for each action are discussed. Consequences are tied to the issues deemed most important. Style 10% There are many mechanical errors, poor word choice, sentence structure, and organization. Some mechanical errors, acceptable word choice, sentences structure, and organization. Free of most mechanical errors, good word choice, sentences structure, and organization. Student shows a strong demand of standard written English. Chapter Exams: The course covers 12 chapters from the required text. After reading and completing the homework assignments for each chapter, the student will have an opportunity to show mastery of the material on an exam. Each exam is timed, opened book/notes, and maybe taken at any location. If the student achieves a score of 85 or higher on a chapter exam, the student will earn the full 100 points attached to each exam. If a student achieves less than 85% on any chapter exam, the student will be given a chance to review the material, and no sooner than 24 hours, will be allowed to retake the exam. This process will continue until the student achieves an 85% on the exam and will receive the full 100 points attached to the chapter exam. Students will be allowed to move through the material as fast as he/she can show mastery of the material. At the same time if a chapter presents a challenge, the student may be allowed more time. The focus of the course is to master the material. ALL exams must be completed before the end date. If a student receives less than 85% on a chapter exam, it is the responsibility of the student to notify the instructor via on BbLearn, that an additional attempt is needed. Upon receiving such notification, the instructor will re-open the exam available not less than 24 hours from the previous attempt. This process will repeat until the student receives an 85% or higher on the chapter exam. Your next chapter homework will not open in MyLab/mastering until you score 85% or higher. Example A: Student A is able to show mastery by achieving 85% on 10 of the 12 chapters and runs out of time before the course end date. He/she would have earned 1000 of the 1200 points for exams. Example B: Student B is able to show mastery by achieving 85% on all 12 chapters by week 11 of the semester. He/she will have earned all 1200 points for exams. Mid-Term and Final After completing the chapter exam for chapter 6 in MyLab/Mastering a mid-term exam, covering the first six chapters, will open and needs to be take. Similar to chapter test a student must achieve 75% or better on

8 the mid-term in order to move on and to receive the full 150 points the test is worth. Like the chapter test if a student does not achieve a passing score they are to send an through BbLearn and after 24 hours, a second attempt will become available. This process will continue until the student achieves 75%. The final is exactly like the mid-term but will take place after finishing chapter 12 and covers chapters Suggested Course Outline: Although, students do not have set deadlines to complete each chapter, the following course outline provides a guideline and goals as to the ideal time lines for completing the course. Week/Start Activities Reading Assignment Week 1: Topic - Welcome to the Course & Introduction Assignment - Pre-Quiz on Syllabus in BbLearn (extra credit) Syllabus Mylab/mast Week 2: Week 3: Week 4: Week 5: Week 6: Week 7: Week 8: Week 9: Week 10: Week 11: Topic - The Role of Managerial Finance Assignment - Homework Chapter 1 in MyLab/mastering Online critical thinking 1 - Topic The Financial Market Environment Assignment - Homework Chapter 2 in MyLab/mastering Online critical thinking 2 - Topic Financial Statements and Ratio Analysis Assignment - Homework Chapter 3 in MyLab/mastering Online critical thinking 3 - Topic Cash Flow and Financial Planning Assignment - Homework Chapter 4 in MyLab/mastering Online critical thinking 4 - Topic Time Value of Money Assignment - Homework Chapter 5 in MyLab/mastering Online critical thinking 5 - Topic - Interest Rates and Bond Valuation Assignment - Homework Chapter 6 in MyLab/mastering Online critical thinking 6 - Topic - Stock Valuation Assignment - Homework Chapter 7 in MyLab/mastering In-class critical thinking 7 - Topic Risk and Return Assignment - Homework Chapter 8 in MyLab/mastering Online critical thinking 8 - Topic The Cost of Capital Assignment - Homework Chapter 9 in MyLab/mastering Online critical thinking 9 - Topic Capital Budgeting Techniques Assignment - Homework Chapter 10 in MyLab/mastering Online critical thinking 10 - BBLearn Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Week 12: Topic Capital Budgeting Cash Flows and Risk Refinement Chapter 11

9 Week 13: Week 14: Week 15: Week 16: Assignment - Homework Chapter 11 in MyLab/mastering Online critical thinking 11 - Topic Leverage and Capital Structure Assignment - Homework Chapter 12 in MyLab/mastering Online critical thinking 12 - Topic - Make-up Assignment - Written Case Analysis Begin Topic - Review Assignment - Written Case Analysis Topic - Review Assignment - Written Cases Analysis Due by mid-night 5/8 Chapter 12 Make -up Case Analysis Case Analysis Extra Credit: There are two opportunities to earn extra credit in this course. The first is the Pre-Quiz due the first week of class. The pre-quiz found in BbLearn consist of 10 true/false questions covering the material in the syllabus. The second opportunity for extra credit is posting questions in regards to material covered in the book. Inside the discussion board will be Forums to post question in regard to homework. Theses question may not be related to the online critical thinking assignment. They can be about problems in the homework, principles in text, or interesting financial news found by the student. Communication & Grading Policies: Please feel free to contact the instructor, preferably by BbLearn , with any questions or concerns. Because of the nature of the course, if the instructor receives many similar s asking how to solve problems or apply a formula, the instructor may ask you to post the question to BbLearn. These inquiries are similar to someone asking a question in a traditional classroom. s of this kind are more appropriately addressed to the entire class and should be posted on the online discussion board. Posting substantive questions on the discussion board and providing substantive responses will receive extra credit. I will monitor the discussions to make sure answers given are correct and will provide the answers where needed in the discussion board. Any s of this type, I will post to the discussion board unless you explicitly state that the should remain confidential. I will not post confidential s or s regarding grades, assignments, etc. I will check s Monday Friday and respond to s no later than 2 working day or 48 hours (not counting weekends, holidays, or scheduled breaks). Assignments, quizzes, exams will be graded as soon as possible but no later than one week, Monday through Friday, and the following weekend after the assignment or assessment is due (not counting holidays or scheduled breaks). For example, if a writing assignment is due on Sunday, you will receive the grade and feedback no later than a week from the next Monday (8 days). Many assessments (exams and quizzes) are graded when the assessment is taken. You will know your grade when you finish the assessment. However, the completed assessment will not be available for your review until after the assessment deadline has passed. Course Policies:

10 Assignments submitted as a requirement for some other class may not be submitted for an assignment in this BBA class. All assignments must be original work of the student or properly referenced and must be specific work for this class. All work is to be submitted in the appropriate professional style and format. Standard oral and written English is always used in the NAU classroom. All assignments must be turned in on the due dates specified in the syllabus. Late work will not be accepted unless there are extreme circumstances that are unexpected and unavoidable. Students are responsible for making sure they have assignments and handouts (which are available in Bb Learn and MyLab/Mastering) and turn in assignments on time through BbLearn and MyLab/Mastering. This is a hybrid course. Computer literacy is assumed and connectivity is the student s responsibility. Have a back-up plan for accomplishing course requirements. Take quizzes and exams early so computer or connectivity issues do not pose problems with meeting course requirements. Proper tone and attitude in all on-line discussions is required to maintain the professional atmosphere that reflects higher education. This class will be a success for you and others if you take the responsibility for your own learning and then make sure that you share your learning and experiences with the other participants in the class. This is your unique opportunity to display, practice, assess and improve your own learning and leadership. Attendance in the online classroom is a minimum of three logins per week. The logins must occur on separate dates. Get in the habit of checking frequently and viewing announcements for new information and reminders. While it may be occasionally necessary for a student to miss class due to personal extenuating circumstances or professional obligations, these events do not relieve students from course responsibilities. Students are expected to notify the instructor if they will be absent from the class for more than three or four days. A university education aims to expand student understanding and awareness. Thus it necessarily involves engagement with a wide range of information, ideas and creative representations. In this course of college studies, students can expect to encounter and critically appraise materials that may differ from and perhaps challenge familiar understandings, ideas, and beliefs. Students are encouraged to discuss these matters with faculty. Review University wide policies here: MyLab/Mastering: MyLab/Mastering opens the door to a powerful Web-based diagnostic testing and tutorial system designed for this course. MyLab/Mastering allows you to take practice tests correlated to the textbook and receive a customized study plan based on your results. The assignment problems in MyLab/Mastering, based on selected end-of chapter problems in the book, have algorithmically generated values. Thus, the numbers in your homework will differ from those of your classmates, and there is an unlimited opportunity for practice and testing. You can get the help you need, when you need it, from the robust tutorial options, including View an Example and Help me solve this, which breaks down the problem into steps and links to the relevant textbook page. The MyLab/Mastering web address is

11 Course ID: morgan58112 Get Started for Students MyLab and Mastering courses deliver engaging, dynamic learning opportunities suited to your individual progress, to help you arrive at that moment the moment you know. Register for your course Watch a registration overview that touches on each registration method. Registering with an access code Registering with a credit card or PayPal Registering with Temporary Access Download Instructions Download Instructions Download Instructions To register for your instructor s online MyLab or Mastering course, follow these steps: 1. From the MyLab / Mastering home page, click Student under Register. 2. Enter the course ID your instructor gave you, and click Continue. If you don t have a course ID yet, contact your instructor. If the course ID you enter is not recognized, you may need to register through a different Pearson website. A list of programs will be provided from which to choose. 3. Sign in or create an account: First, check the information on the right side of the page to ensure you are registering for the correct course. If not, click Enter a different course ID. Next, you will sign in or create an account. o o o You already have a Pearson account if you have used one of our online products before. (See a list of programs). Enter your username and password and click Sign In. If you think you have a Pearson account, but can t remember your sign-in information, click Forgot your username or password. An will be sent, so we suggest checking your account information before you begin your course registration. If you don t have an account, click Create. You will create a username and password and add your contact information. Read and accept the license agreement; you can also choose to help improve Pearson products and learn about new offers. Click Create an Account. You now have a Pearson account! The username and password you just created can be used for all your Pearson online products. ay for access to your instructor s online course. f you already bought your access code, either bundled with your textbook or as an access code kit sold individually, click Access Code. Enter your access code, one word in each box, and click Finish. o use a credit card or PayPal, instead of an access code, click the button for the access you want. Note: Some courses provide the option to purchase with or without the etext. The integrated etext is a very powerful, flexible tool and, though you can buy the etext later, it costs less to buy the course content + etext up front. Next, enter billing and payment information, then review and submit your order. Note: If using a parent s credit card be sure to use the correct billing address and put your name in the Your Name field not the cardholder s name.

12 f you re waiting for financial aid, click Get temporary access without payment for 17 days, which is near the bottom of the Payment Options page. Click Yes when a message appears asking if you are sure you want temporary access. You will receive an with payment instructions. Note: To stay in your course, use an access code, credit card, or PayPal before the temporary access ends. If you don t pay within 17 days, you will lose access to your instructor s online course and may miss deadlines or important notices from your instructor. Once you pay for full access, you are reconnected to coursework already completed. Back to top ou will receive a confirmation page with your account and course information. Click Go to Your Course to start your work. Change your temporary access to full course access Paying for Full Access Download Instructions To pay for full course access: From the MyLab / Mastering home page, click Sign in. 1. Click the Pay or use an access code now link under the course for which you want to pay. Note: If your temporary access has already expired, click the Pay or use an access code nowlink in the expired subscription window. You will need to enter your course ID, so be sure to have that available. 2. Choose your payment method: If you already purchased an access code, you will click Access Code, enter the access code in the boxes, and click Finish. If you plan to use a credit card or PayPal, you will click the button for the access you want. Next, add billing and payment information, then review and submit your order. 3. You will receive a confirmation page; click Go to Your Course to continue your work. Back to top Sign in Once you have registered for your instructor s online course, you can sign in anytime: 1. From the MyLab / Mastering home page, click Sign in. 2. Enter your Pearson account username and password, and click Sign in. 3. Your course is listed in the MyLab / Mastering New Design section of the page. Clicking the course title will take you to the course content. You can also view announcements and link to other Pearson courses and products you are using. 4. From the course home page, you will use the course menu to navigate. Back to top Enroll in another course section Download Instructions You might need to enroll in another MyLab or Mastering course section if you are: Switching to another section to better manage your schedule Using multiple sections for the same course in the same semester Retaking a course Using the same textbook for a course designed to be taught over two or more semesters

13 From the MyLab / Mastering home page: 1. Click Sign in. Enter your Pearson username and password, and click Sign in. 2. Select Enroll in Another Course above your course listings. 3. Enter the course ID for the additional course section and select Continue. 4. Enrollment has been successful! On the Confirmation page, select Go to Your Course. 5. The additional course section now appears under your course listings.* * Only active courses will appear. MyLab/Mastering Help: For Student Help: NAU Policies Statements: Please review the following policy statements established by the University and the link to the student handbook for University Policies