ANGELO STATE UNIVERSITY Department of Accounting, Finance and Economics FIN 3361-Financial Management Syllabus This Syllabus is provided for informational purposes regarding the anticipated course content and schedule of this course. It is based upon the most recent information available on the date of its issuance and is as accurate and complete as possible. The instructor reserves the right to make any necessary and /or appropriate changes. The instructor will make the best efforts to communicate any changes in the syllabus in a timely manner. Announcements will be made in class or on blackboard. Students are responsible for being aware of these changes. Course Number: Finance 3361_010 Course Name: Instructor: Class Time: Financial Management Biqing Huang, Ph.D. MWF 10 AM 10:50 AM Class Location: RAS 103 Office: RAS 249 Office Hours: Monday: 9:40 AM 10 AM & 3-5 PM Tuesday: 9:45 AM 11 AM & 3-5 PM Wednesday: 9:40 AM 10 AM & 3-5 PM Thursday: 9:45 AM 11 AM & 12:15 PM 12:45 PM Friday: 9:40 AM 10 AM Office Phone: (325) 486-6447 Other times walk-in, or by appointment. You are welcome to send emails to or call the instructor if you have any questions. E-mail Address: biqing.huang@angelo.edu Prerequisites: Accounting 2302 and Economics 2302 1
Required Text: William R. Lasher. Practical Financial Management, 6 th ed. 2010. South-Western College Recommended Readings: The Wall street Journal, Financial Times, The Economist Required Calculator: Hewlett-Packard 10B-II, or Hewlett-Packard 10B-II Plus The Hewlett-Packard 10B-II (HP 10B-II), or Hewlett-Packard 10-BII (HP 10B-II Plus) calculator is strongly recommended. All examples shown in class will use this calculator. If you choose to use another, it is your responsibility to learn to use it. Bring the calculator to every class, starting with the second class. Course Description: This course is designed to develop critical thinking and financial skills necessary for financial policy decisions. The essential objectives of this course are for the student to learn techniques of financial management. Topics include using financial statements in decision making, time value of money, valuation of stocks and bonds, risk and return, capital budgeting analysis, cost of capital, short-term and long-term financing, capital structure, capital markets, dividend policy, derivatives, international financial management, and other topics associated with successful business finance decisions in an internationally competitive environment. Upon completion of this course, you should be able to solve financial problems, gather and analyze financial data, develop critical thinking, ethical awareness, and communication, collaboration and presentation skills. Learning Goals: 1. Demonstrate proficiency in analytical thinking, critical analysis, creativity and problem-solving. This is assessed through take-home assignments and quizzes. 2. Demonstrate competency in interpersonal, oral, and written communications. This is assessed through group assignments, group project(s), and group presentations. 3. Demonstrate knowledge of contemporary theory and practice in finance. This is assessed through take-home assignments, quizzes, and exams. 4. Demonstrate acceptable ethical awareness and moral reasoning. This is assessed through in-class assignments and discussions. 5. Demonstrate knowledge of basic international finance. This is assessed through in-class assignments and discussions. Grades: Grades may consist of exams, assignments, attendances, quizzes, and project(s). Specific due dates for each will be announced in a timely manner on BlackBoard. Students are responsible for being aware of the information. 2
Grading System: Your grade is based upon the following (Please be aware that the instructor reserves the right to change the weights of each grading component): Exam I: 20% Exam II: 20% Final Exam: 30% Others (Quizzes, assignments, attendances, project): 30% Your grade will be assigned to the following achievements. The instructor reserves the right to change the cutoffs presented below. Letter Grade % A 90% and above B 80% - 89.99% C 70% - 79.99% D 60% - 69.99% F Below 60% Exams: Exams may consist of multiple-choice questions, short-answer questions, essays, and problems, as appropriate for the material. You will need to bring #2 pencil, an eraser, and a financial calculator to each exam. Final Exam: The final exam may be accumulative. Exam Make-up Policy: If you cannot be present at an exam, you must discuss your situation with the instructor before the scheduled exam date to determine if a make-up will be permitted. Make-up exam might be different and more difficult. Attendance: Course attendance is very important. There is a lot of material to be covered in class. The instructor will take attendance randomly during the term. You will earn full points if your attendance is above 92%. You will earn 40% of full points if your attendance is between 83%-92%. You will not earn any points if you attendance is below 83%. The instructor reserves the right to give out a grade of F if your attendance is below 50%. Assignments: No late submissions are allowed. More information will be announced in class. Quizzes: More information to be announced in class. 3
Use of Blackboard: All lecture notes, handouts, and assignments will be posted on Blackboard. The instructor will also make important announcements on Blackboard. It is essential that students familiarize themselves with the use of Blackboard. Student conduct in class: - All students are expected to exercise self-discipline and respect for the rights of others at all times. Please do not talk in class to others while the instructor is presenting. If you have a question please ask the instructor. Students acting in a disruptive manner will be asked to leave the classroom. - Please turnoff all noise making sources (cell phones and pager ringers, for example) so that it does not distract others. Also refrain from texting or surfing the internet during class. If you feel the need to do this please leave the classroom and do not distract those around you. - If you need to leave class early, please let the instructor know beforehand; if you have to leave due to unexpected reasons, please send the instructor email no later than 24 hours after the class. Leaving early without letting the instructor know the reasons will result in 30 points deducted from your grade each time you do that. Email manners: Please include subject, titles or name of the person you are writing to, content, and your names. Usually the instructor will respond within three hours. The instructor will not respond to emails that are not written in good manners. Special Needs: Persons with disabilities which may warrant academic accommodations must contact the Student Life Office, Room 112 University Center, in order to request such accommodations prior to any accommodations being implemented. You are encouraged to make this request early in the semester so that appropriate arrangements can be made. Academic Honesty: Cheating is a very serious academic offense and is not tolerated in any form. Angelo State University expects its students to maintain complete honesty and integrity in their academic pursuits. Students are responsible for understanding the Academic Honor Code, which is contained in both print and web versions of the Student Handbook that can be reached at: http://www.angelo.edu/cstudent/documents/pdf/student_handbook.pdf Course Revision: Any revisions to this syllabus will be announced in class and supercede this syllabus. Students are responsible for being aware of these changes. 4
Tentative class schedules *Please note that except the final, the course and exam schedules listed below represent the best information available at the time of course registration. They are tentative and may change at any time. Adjustments will be made if necessary based on actual progress. I will announce the dates of exams/quizzes/assignments at least one week in advance on Blackboard. The students are responsible for being aware of the changes.* Class Day Date Chapter Topic 1 W Jan 21 Introductions 2 F Jan 23 1 Foundations 3 M Jan 26 2 Financial Background 4 W Jan 28 3 Cash Flows and Financial Analysis 5 F Jan 30 3 Cash Flows and Financial Analysis 6 M Feb 2 4 Financial Planning 7 W Feb 4 5 The Financial System, Corporate Governance, and Interest 8 F Feb 6 6 Time Vale of Money 9 M Feb 9 6 Time Vale of Money 10 W Feb 11 6 Time Vale of Money 11 F Feb 13 6 Time Vale of Money 12 M Feb 16 Exam I (Chapter 1-6) (Tentative, actual date will be announced at least one week in advance) 13 W Feb 18 7 The Valuation and Characteristics of Bonds 14 F Feb 20 7 The Valuation and Characteristics of Bonds 15 M Feb 23 7 The Valuation and Characteristics of Bonds 16 W Feb 25 8 The Valuation and Characteristics of Stocks 17 F Feb 27 8 The Valuation and Characteristics of Stocks 18 M Mar 2 8 The Valuation and Characteristics of Stocks 19 W Mar 4 8 The Valuation and Characteristics of Stocks 20 F Mar 6 9 Risk and Return 21 M Mar 9 9 Risk and Return 22 W Mar 11 10 Capital Budgeting 23 F Mar 13 10 Capital Budgeting 5 24 M Mar 16 Spring Break, No Class 25 W Mar 18 Spring Break, No Class 26 F Mar 20 Spring Break, No Class
27 M Mar 23 10 Capital Budgeting 28 W Mar 25 11 Cash Flow Estimation 29 F Mar 27 11 Cash Flow Estimation 30 M Mar 30 11 Cash Flow Estimation 31 W Apr 1 Exam II (Chapter 7, 8, 9,10,11) (Tentative, actual date will be announced at least one week in advance) 32 F Apr 3 University Holiday: NO CLASS 33 M Apr 6 13 Cost of Capital 35 W Apr 8 13 Cost of Capital 36 F Apr 10 13 Cost of Capital 37 M Apr 13 14 Capital Structure and Leverage 38 W Apr 15 14 Capital Structure and Leverage 39 F Apr 17 14 Capital Structure and Leverage 40 M Apr 20 15 Dividends 41 W Apr 22 15 Dividends 42 F Apr 24 16 The Management of Working Capital 43 M Apr 27 16 The Management of Working Capital 44 W Apr 29 16 The Management of Working Capital 45 F May 1 17 Corporate Restructuring 46 M May 4 17 Corporate Restructuring 47 W May 6 18 International Finance 48 F May 8 18 International Finance 49 M May 11 Final Exam: 10:30 AM - 12:30 PM Other Important Dates: April 6: Last day to drop a class or withdraw from the University for the Regular Session for. 6