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m o d e l
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MBA 651
Financial Management
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Benedictine Hallmarks 2011-2012
STABILITY  STEWARDSHIP
IDEA
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course syllabus
Addresses the educational
needs of adult students by
developing and providing
engaging, relevant and
accelerated programs.
blended model
MBA 651
Enhances scholarship,
leadership skills, social
responsibility, and promotes
life-long learning.
Provides high-quality, easily
accessible educational
opportunities for adult
learners.
Financial Management
Enables adults to earn
specific undergraduate and
graduate degrees while
maintaining their personal and
professional commitments.
student version
contents links
about this document
about Moser College
about blended learning
hallmarks of a Benedictine education
student expectations
attendance policy
submission of work
netiquette
_________________________
IDEA objectives & IDEA description
course overview
required textbooks
grading scale
learning outcomes
course schedule
external links
financial aid
library resources
Academic Honesty Policy
APA formatting and style
APA resources for students
Student Success Center (SSC)
services for students with disabilities
_________________________
Benedictine Current Students
Moser Center Student Information
Student Login to D2L
Student E-Mail Login
Academic Calendars
BenUConnect  MyBenU
Develops new degree and
non-degree programs that
address the expressed needs of
the professional community.
Moser College Mission
Statement: Moser College
embodies the values of respect,
excellence, collaboration, and
professionalism. We are
committed to delivering
innovative and dynamic
programs designed for adult
students who are dedicated to
enhancing their professional,
local, and global communities.
Moser College Vision
Statement: To be one of the
premier university colleges in
the nation.
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience
Discipline  Humility  Stewardship  Hospitality  Community
Benedictine
University
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expectations
Margaret and Harold Moser Center
1832 Centre Point Circle
Naperville, IL 60563
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Phone: (630)schedule
829-6289&
IDEA
sessions
Fax: (630) 829-1375
moser college mission and vision
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Content Links
Financial Management | MBA 651
About Your Program at Benedictine University – Moser College
About This Document
This is a hypermedia document – it has been built to mimic navigation on the
web. This document can also be viewed as a presentation or it can be printed
like a traditional document. We use this sort of document because it allows for
navigation links (hyperlinks) to text, graphics, audio/video, and the web. This
type of document also allows you to navigate in a nontraditional, nonlinear way
– by following the page links you are not bound to read or flip through the
document in any sort of order. This is yet another example of Moser College’s
commitment to advancements in technology and blended learning.
About Moser College
The Moser College of Adult & Professional Studies delivers its curricular
programs in a specifically designed structure deliberately oriented for working,
adult learners. The Moser College is committed to providing a learning
environment which extends beyond the classroom and is designed specifically
to meet the needs of its students and their employers by bringing a quality
educational experience without requiring the student to relocate or travel
extensively beyond their home area. Benedictine University's Moser College of
Adult & Professional Studies is fully accredited by the Higher Learning
Commission of the North Central Association of Colleges and Schools*.
* web path
Benedictine Univ
Academic Programs
Moser College
About Blended Learning
Blended learning is the integration of different learning environments: mainly
the online format with the face-to-face format, but may also include mobile
learning. Blended learning, also referred to as hybrid learning, relies on both
the advantages of digital/technology innovation and the methods of face-toface instruction. At Moser College, we use blended learning by combining
asynchronous online classroom sessions with a face-to-face classroom
environment. We alternate between the online session and the face-to-face
session in 5-week courses, with the A session being face-to-face and the B
session being online.
hallmarks of a Benedictine Education:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
3
About
Financial Management | MBA 651
The Ten Hallmarks of a Benedictine Education
A Benedictine Education
Based on the Rules of Saint Benedict, a Benedictine
Education is based on the Benedictine Wisdom
Tradition that sets as its goals the transformation of the
Human mind AND Heart and has at its foundation “The
Ten Hallmarks of a Benedictine Education”.
The Ten Hallmarks
Each academic year Moser College will be celebrating
two of the Hallmarks. This academic year 2011-2012,
the Hallmarks Stability and Stewardship have been
chosen. The ten hallmarks are:
1. Love of Christ and Neighbor
2. Prayer: a Life marked by liturgy, lection and
Mindfulness
3. Stability: commitment to the daily life of this place,
its heritage and tradition
4. Conversatio: the way of formation and
transformation
5. Obedience: a commitment to listening and
consequent action
6. Discipline: a way toward learning and freedom
7. Humility: knowledge of self in relation to God,
others and creation
8. Stewardship: responsible use of creation, culture
and the arts
9. Hospitality: openness to others
10. Community: call to serve the common good
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Portrait (1926) by Herman Nieg
(1849–1928); Heiligenkreuz Abbey, Austria
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
4
Hallmarks
Financial Management | MBA 651
Student Expectations
Expectations of Students
In order to get the maximum use of the time available, it is expected that you
will:
•
Read the material to be covered in the class and complete required
assignments prior to attending the class/session;
•
Arrive/login to class/session prepared to participate actively;
•
Be prepared to actively participate in the collaborative activities of each
class/session; and
•
Always feel free to seek additional help from the instructor when the need
arises.
Attendance Policy
Students may not miss more than 25% of the live classroom sessions. Doing so
will result in an F for the course.
financial aid information
Submission of Work
All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor.
Assignments must be submitted by due date. Any assigned work submitted late for any unexcused
reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L.
In the event that you miss an examination for due cause, arrangements must be made with the
instructor for a make-up examination. Important criteria concerning the submission of work:
•
Make-up examinations may differ from the original class examination.
•
Per University policy, assignments cannot be accepted by an instructor after the last day of the course.
•
Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes.
information concerning netiquette:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
5
Expectations
Financial Management | MBA 651
About Netiquette
What is Netiquette?
"Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online
experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about
courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with
one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and
other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you
would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well.
Netiquette Basics
1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”)
2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice
3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may
not be appropriate in a classroom or in an online conversation with an instructor
4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing
links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs
and headers and 6) limiting your use of attachments
5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier
for the poster, but it is not easier for the reader
Inappropriate Online Usage
1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often
online then in face-to-face interaction, because there is an illusion of anonymity.
2. Flaming is neither productive nor appropriate for the learning environment
3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar,
punctuation and spelling corrections
4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often
seen as a form of aggression
5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language
Confidentiality and Privacy
1.
2.
3.
4.
Email, messaging and posting are forms of written record and are just as permanent as a letter or document
Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.)
Respect copyright and cite any and all sources
Do not expect that your communications are private, instead assume all communications are public
For more information please review Netiquette by Virginia Shea
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
6
Netiquette
Financial Management | MBA 651
Individual Development and Educational Assessment
IDEA Objectives
•
Acquiring skills in working with others as a member of a team.
•
Developing creative capacities (writing, inventing, designing,
performing in art, music, drama, etc.)
•
Gaining a broader understanding and appreciation of intellectual/
cultural activity (music, science, literature, etc.)
•
Developing skill in expressing oneself orally or in writing.
•
Learning how to find and use resources for answering questions or
solving problems.
•
Developing a clearer understanding of, and commitment to, personal
values.
•
Learning to analyze and critically evaluate ideas, arguments, and
points of view.
•
Acquiring an interest in learning more by asking questions and
seeking answers.
IDEA Description
The IDEA student survey focuses on the instructor’s learning objectives for the course and on the
progress each student made toward achieving those objectives. By answering thoughtfully and
honestly, your ratings and comments will be much more helpful – to the instructor, the department
chair, and the dean of the college. As students, you should also know that student ratings and
comments have been used to help evaluate courses and to improve the educational experience at
Benedictine University. The appropriate standard of conduct with respect to student surveys is
thoughtful comments and constructive criticism – respectfully communicated.
A Focus on Learning
“The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than
emphasizing teaching style or personality, the IDEA system focuses on student learning and the
methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
7
IDEA
Financial Management | MBA 651
Student Evening Course Overview
Course Description
Develops an understanding of financial theory and its application through case analysis. Topics include
capital management, operating and financial leverage, costs of capital, investment, and financing
decisions. Techniques for the evaluation of investment alternatives using net present value and internal
rate of return concepts are covered including the identification of cash flows relevant for capital
budgeting. Emphasis is placed on the application of these concepts to the valuation of a going concern.
Extensive use of proforma modeling of financial statements is made throughout the course.
Course Materials
Required Textbook and Materials
Brigham, Eugene F., & Ehrhardt, Michael C. (2014).
Financial Management Theory and Practice (14th ed.). Mason, OH: South-Western Cengage
Learning. ISBN 9781111972219
Technological Computer Requirements
Students in the Blended program will need: High-speed Internet access; a sound card and speakers;
Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or
higher. It is also highly recommended that students have access to a microphone or webcam for
optional audio/videoconferencing.
Discussion Forum Guidelines
The Course Grading Scale
A
=
4.00
90 - 100%
EXCELLENT
B
=
3.00
80 – 89%
GOOD
C
=
2.00
70 – 79%
SATISFACTORY
D
=
1.00
60 – 69%
PASS
F
=
0.00
BELOW 60%
FAIL
I
=
INC
INCOMPLETE
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To receive a minimum passing grade, students must
make a post to each discussion question for that
week by day 4 of each week and respond to at least
two other postings by the end of the week. Individual
Posts are worth up to 5 points and the total
Response Posts are worth up to 5 points total. Each
discussion will total up to 10 points.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
8
Course Overview
Financial Management | MBA 651
Student Evening Course Outcomes
Wk
Learning Objective
Assignment
Pts
1A
Analyze the affect of sales growth on a
company’s income statement and balance sheet
In-class group PBL assignment: Chapter 2 Mini Case
20 pts
1B
Relate the information presented in financial
statements to the well being of a company
Discussion question: Financial Statements – post and 2
replies
10 pts
Calculate income taxes and operating cash flow
Individual homework: Chapters 1 and 2 problems
20 pts
Calculate the after tax cost of various types of
securities
Individual quiz: Chapters 1 and 2
20 pts
Calculate the market value of a company’s bonds
under varying conditions
In-class group PBL assignment: Chapter 5 Mini Case
20 pts
Explain the time value of money concept and how
it relates to business and personal decision
making
Discussion question: Time Value of Money – post and 2
replies
10 pts
Compute present and future values of lump sums
and annuities
Individual homework: Chapters 4 and 5 problems
20 pts
Apply time value of money concepts to various
types of fixed income securities
Individual quiz: Chapters 4 and 5
20 pts
Compare alternative approaches for determining
weighted average cost of capital and make a
recommendation on the best approach
In-class group PBL assignment: Chapter 9 Mini Case
20 pts
Compare the CAPM to other methods for valuing
stocks, and describe strengths and weaknesses of
different methods
Discussion question: Capital Asset Pricing Model (CAPM) –
post and 2 replies
10 pts
Explain the relationship between risk and return
Individual homework: Chapters 6, 7 and 9 problems
20 pts
Apply various stock valuation models to a
company’s equity securities
Individual quiz: Chapters 6, 7 and 9
20 pts
Compare capital projects and make a
recommendation based on net present value
In-class group PBL assignment: Chapter 10 Mini Case
20 pts
Recommend ways a company can lower its cost of
capital in order to gain a competitive advantage
Discussion question: Cost of Capital – post and 2 replies
10 pts
Evaluate capital projects using NPV and IRR
Individual homework: Chapters 10 and 11 problems
20 pts
Predict cash flows for a capital project
Individual quiz: Chapters 10 and 11
20 pts
Analyze a company’s financial statements to
determine if the company is well run
In-class group PBL assignment: Chapter 12 Mini Case
20 pts
Explain the role that financial statement
forecasting plays in a company’s overall financial
planning process
Discussion question: Forecasting – post and 2 replies
10 pts
Evaluate a company’s performance using ratio
analysis
Individual homework: Chapters 3 and 12 problems
20 pts
2A
2B
3A
3B
4A
4B
5A
5B
about Bloom’s Taxonomy
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
9
Learning Outcomes
Financial Management | MBA 651
Student Evening Course Outcomes
Wk
6A
6B
Learning Outcomes
Learning Objective
Assignment
Pts
Create pro forma financial statements using
historical data
Individual quiz: Chapters 3 and 12
20 pts
Evaluate a company’s working capital policy
In-class group PBL assignment: Chapter 16 Mini Case
20 pts
Explain the difference between business and
financial risk and how each impacts a company
Discussion question: Business and Financial Risk – post
and 2 replies
10 pts
Explain the impact of capital structure on
company valuation
Individual homework: Chapters 15 and 16 problems
20 pts
Total Points for the Course
Discussion Questions
10 pts ea x 6
= 60 pts
15% of the total points
Individual Homework
Assignments
20 pts ea x 6
= 120 pts
30% of the total points
Individual Quizzes
20 pts ea x 5
= 100 pts
25% of the total points
Group PBL Assignments
20 pts ea x 6
= 120 pts
30% of the total points
Total Points for the Course
= 400 pts
about Bloom’s Taxonomy
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
10
Financial Management | MBA 651
Student Evening Course Schedule
Session
Loc.
Class Title
Assignments
01 A
F2F
Fundamental Concepts of Corporate
Finance
•
•
No pre-assignment for session 1A
In-class group PBL assignment: Chapter 2
Mini Case (pages 90-93)
01 B
online
Fundamental Concepts of Corporate
Finance
•
•
•
Read Chapters 1 and 2
Discussion question: Financial Statements
Individual homework: Chapters 1 and 2
problems
02 A
F2F
Time Value of Money and Bonds
•
•
Individual quiz: Chapters 1 and 2
In-class group PBL assignment: Chapter 5
Mini Case (pages 230-231)
02 B
online
Time Value of Money and Bonds
•
•
•
Read Chapters 4 and 5
Discussion question: Time Value of Money
Individual homework: Chapters 4 and 5
problems
03 A
F2F
Risk, Return and Cost of Capital
•
•
Individual quiz: Chapters 4 and 5
In-class group PBL assignment: Chapter 9
Mini Case (pages 394-395)
03 B
online
Risk, Return and Cost of Capital
•
•
Read Chapters 6, 7 and 9
Discussion Question: Capital Asset Pricing
Model (CAPM)
Individual homework: Chapters 6, 7 and 10
problems
•
04 A
F2F
Capital Budgeting
•
•
Individual quiz: Chapters 6, 7 and 9
In-class group PBL assignment: Chapter 10
Mini Case (pages 432-435)
04 B
online
Capital Budgeting
•
•
•
Read Chapters 10 and 11
Discussion Question: Cost of Capital
Individual homework: Chapters 10 and 11
problems
05 A
F2F
Financial Statement Analysis and
Forecasting Financial Statements
•
•
Individual quiz: Chapters 10 and 11
In-class group PBL assignment: Chapter 12
Mini Case (pages 519-521)
05 B
online
Financial Statement Analysis and
Forecasting Financial Statements
•
•
•
Read Chapters 3 and 12
Discussion Question: Forecasting
Individual homework: Chapters 3 and 12
problems
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
11
Course Schedule
Financial Management | MBA 651
Student Evening Course Schedule
Session
Loc.
Class Title
Assignments
06 A
F2F
Capital Structure Decisions and Working
Capital Management
•
•
Individual quiz: Chapters 3 and 12
In-class group PBL assignment: Chapter 16
Mini Case (pages 677-680)
06 B
online
Capital Structure Decisions and Working
Capital Management
•
•
Read Chapters 15 and 16
Discussion Question: Business and
Financial Risk
Individual homework: Chapters 15 and 16
problems
•
home
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expectations
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IDEA
schedule &
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
12
Course Schedule