Hawaii Campus. School of Business

Transcription

1 Hawaii Campus School of Business Mission Statement Wayland Baptist University exists to educate students in an academically challenging, learning focused and distinctively Christian environment for professional success, and service to God and humankind. Syllabus FINA 3309 Financial Management Winter 3 Section HI01, November 10 th 2014 to February 14 th 2015 Thursdays 5:30 10:15 PM Hybrid Course Instructor: Henrique Regina Classroom Location: Mililani Campus Work phone: (808) x 347 Cellular phone: (808) Fax: (808) hregina@wbu.edu Office hours: By appointment. Hybrid Course This course will have 7 sessions in the classroom and 3 on-line via Blackboard. See Course Schedule for in-classroom meetings dates. The in-classroom sessions time length is 4 hours and 45 minutes each and the on-line sessions will cover the remaining time to meet the 45 contact hours requirement for the a 3 semester credit hours course. Blackboard On-line Platform This course will use Blackboard courseware. All registered students automatically have access to Blackboard. An enrolled student can link to Blackboard through the Wayland Baptist University main website by selecting the Current Students link and clicking on the Blackboard link. Click here to go to Blackboard For first time users of Blackboard, see instructions at Log-in page for accessing Blackboard. It is important that all undergraduate students enrolled in this course establish a Wayland account, as the instructor will periodically send s to enrolled students through Blackboard.

2 Textbook: Stanley B. Block, Geoffrey A. Hirt, & Bartley R. Danielsen, Foundations of Financial Management, 15 th edition, McGraw-Hill Companies, ISBN: Course Description: Role of the financial manager, the tax environment and its effects on business decisions, time value of money, cash and capital budgeting, financial statements, working capital, money markets and their regulators, monetary policy and its relation to the firm, and financial forecasting. Prerequisites: ACCT2305, or ACCT3307, or concurrent enrollment, or consent of school. Course Objectives: After the conclusion of this course, the student is expected to have good knowledge of topics such as: Identify the goals and functions of the financial manager Define the Time value of money and compute results for single amount and annuity present and future value problems Construct various pro forma financial statements and use them to develop financial forecast Explain working capital management. Assess risk management decisions and compute leverage measurements Explain the term structure of interest rates and discuss theories of interest rate determination List sources and types of short-term financing and explain selection criteria for the firm Identify capital market instruments and their characteristics; and valuate stock and bond prices and yields Compute the cost of capital for the firm including weighted average cost of capital Distinguish between the three methods of capital budgeting decisions and determine ranking criteria between investments projects Evaluate capital budgeting decisions under differing capital constrains Discuss theoretical approaches to risk measurement under single asset and portfolio conditions Describe the Capital Asset Pricing Model Discuss dividend policies and their impact on the value of the firm Discuss tax implications on financial management Course Requirements: General: Complete all assigned reading before the class as indicated on the attached course schedule, attend all classes, participate in class discussions, participate in the on-line discussion board forums and quizzes, complete all cases and take all exams. In case the student is unable to submit assignments on the due date, prior arrangements must be made with the instructor.

3 Calculator: Calculator with the exponential key is required. A financial calculator is recommended. Attendance: Students enrolled at one of the University's external campus should make every effort to attend all class meetings. All absences must be explained to the instructor, who will decide whether the omitted work may be made-up. When a student reaches a number of absences considered by the instructor to be excessive, the instructor will so advise the student, and file an Unsatisfactory Progress report with the center director. Any student who misses twentyfive (25%) or more of the regularly scheduled class meetings will receive a grade of "F" for the course. Additional attendance policies for each course, as defined by the instructor in the course syllabus, are considered a part of the University's attendance policy. Grade Appeal: Students shall have protection through orderly procedures against prejudices or capricious academic evaluation. A student who believes that he or she has not been held to realistic academic standards, just evaluation procedures, or appropriate grading, may appeal the final grade given in the course by using the student grade appeal process described in the Academic Catalog. Appeals may not be made for advanced placement examinations or course bypass examinations. Appeals are limited to the final course grade, which may be upheld, raised, or lowered at any stage of the appeal process. Any recommendation to lower a course grade must be submitted through the Executive Vice President/Provost to the Faculty Assembly Grade Appeals Committee for review and approval. The Faculty Assembly Grade Appeals Committee may instruct that the course grade be upheld, raised, or lowered to a more proper evaluation. Assessment/ Grading: Cases (20%) There will be two cases study assignments where each student or group will submit their work. The case study format will be discussed in class. Each case study is worth 100 points. Exams (40%) There will be a midterm exam and a final term exam. The exams will be consisted of multiple choices questions and problems involving calculations. Both midterm exam and the final exam are worth 200 points. The exams are open books and notes. Attendance (10%) The student will earn 100 total points if attend, participate and cover all class assignments in each class session. Each class session will be worth 10 points. For the on-line sessions, the student will be required to complete all on-line assignments in order to earn 10 attendance points. On-line assignments/on-line sessions (30%) Each on-line session will require the student to complete 3 discussion boards questions and one quiz. The discussion board questions are worth 45 points and the quiz is worth 55 points.

4 Grade Scale: 90 to 100 % A Case Studies 20% 80 to 89% B Midterm exam 20% 70 to 79% C Final Exam 20% 60 to 69% D Participation 10% 0 to 59% F On-line Sessions 30% Total 100% Academic Honesty: University students are expected to conduct themselves according to the highest standards of academic honesty. Academic misconduct for which a student is subject to penalty includes all forms of cheating, such as illicit possession of examination or examination materials, forgery or plagiarism. Disciplinary action will be taken for academic misconduct. Wayland Baptist University Statement on Plagiarism and Academic Dishonesty Writing is a collaborative art. Working out ideas for your paper with an instructor, writing tutor, classmate, family member, or friend is encouraged not only for this class, but also for other classes that involve writing. Discussion and collaborative brainstorming are good. However, passing off another's writing or ideas as your own is plagiarism. It is unethical, it constitutes Academic Dishonesty (cheating), and it is sufficient grounds both for failure of a course and suspension from the university. Common examples of plagiarism or academic dishonesty include the following: Copying any amount of text directly from an internet website, book, or other document without appropriate citation and synthesis into one s own discussion. Paraphrasing the ideas presented in any source or oral discussion without appropriate citation. Using the evidence and conclusions of any source as the controlling framework for one s own paper. Recycling work from a previous or current course, whether your own work or another student s work. Purchasing or otherwise downloading a paper from an internet website. In some writing assignments, you will be expected to incorporate scholarly sources into your document. ALL OF THE FOLLOWING must be met to constitute appropriate citation of any source: Including MLA, Chicago, or APA parenthetical or note-style citation format as required by the instructor. Placing borrowed text directly from another source within quotation marks. Introducing clearly another author s voice into the document by means of a signal phrase (an introduction of that author).

5 Offering, in short, a clear distinction between one s own voice or ideas and those of any outside authors brought into the discussion. Wayland Baptist University observes a ZERO TOLERANCE policy regarding Academic Dishonesty. Any suspected instance of academic dishonesty, including plagiarism, will first be evaluated by the instructor and discussed individually with the student. If the instructor determines that a student s actions constitute Academic Dishonesty, the case will be filed with the dean of the School of Languages and Literature and reported to the university executive vice president/provost, as per university policy. Per university policy, second offenses RESULT IN SUSPENSION FROM THE UNIVERSITY. In this course, the first instance of Academic Dishonesty may also result in a zero on the assignment. Classroom Disruption Students who disrupt class will be directed to leave immediately and report to the campus Executive Director or division chair, who will discuss with the student the cause of the disruption. The student will return to the class only with permission of the campus Executive or division chair and faculty member involved. Services for Students with Disability: In compliance with the Americans with Disabilities Act of 1990 (ADA), it is the policy of Wayland Baptist University that no otherwise qualified person with a disability be excluded from participation in, be denied the benefits of, or be subject to discrimination under any educational program or activity in the university. The Coordinator of Counseling Services serves as the coordinator of students with a disability and should be contacted concerning accommodation requests at (806) Documentation of a disability must accompany any request for accommodations. Course Schedule Session Subject 1 (November 13 th, 2014) Introduction Chapter 1. Financial Analysis & Planning Chapter 2. 2 (November 20 th, 2014) Financial Analysis & Planning Chapters 3, (December 4 th, 2014) Financial Analysis & Planning Chapter 5. (On-line session) Working Capital Management Chapter 6. Case 1 due: Sun Microsystems pg (December 11 th, 2014) Working Capital Management Chapters 7, 8

6 5 (December 18 th, 2014) Long-term Financing Chapters 18, 19 (On-line session) Midterm Exam due 6 (January 8 th, 2015) Capital Budgeting Process Chapters 9, 10 7 (January 15 th, 2015) The Capital Budgeting Process Chapter 11 Long-term Financing Chapters 12 8 (January 22 nd, 2015) Expanding the Perspective of Corporate Finance: 20, 21 (On-line session) 9 (January 29 th, 2015) Long-term Financing Chapters 13, 14 Case 2 due: Preston Products (Dividend valuation - P/E ratio) pg (February 5 th, 2015) Long-term Financing Chapters 15, 16, 17 Final Exam Due. 11 (February 12 th, 2015) Final Exam Due (No class meeting)