SYLLABUS
1. Wayland Baptist University, Sierra Vista Campus, School of Business
2. Mission Statement: Wayland Baptist University exists to educate students in an academically
challenging, learning-focused and distinctively Christian environment for professional success, lifelong
learning, and service to God and humankind.
3. Course: FINA 3309 Financial Management
4. Term: Spring 2011
5. Instructor: Andrea Wormley
6. Office Phone and email: financial_management3309@yahoo.com
7. Class Meeting Time and Location: Wednesdays 5:30 – 9:10PM; Old Post, Bldg 21114 Christy Ave.
8. Catalog Description: The course addresses the role of the financial manager, the tax environment and
its effects on business decisions, the 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.
9. Prerequisites: ACCT 2305 or ACCT 3307, or concurrent enrollment, or consent of school.
10. Required Textbook and Resources:
BOOK
AUTHOR
ED
PUBLISHER
ISBN#
Foundations of Financial
Management
Block
Hirt
Danielsen
14
McGraw-Hill
Irwin
978-0-07-353072-7
11. Course Outcome Competencies:
 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 forecasts.
 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 investment projects.
 Evaluate capital budgeting decisions under differing capital constraints.
 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.
12. Classroom Policies:
1. Cell phones are to be turned off or set to vibrate before the start of class. Phone calls should
only be taken in a genuine EMERGENCY. Please let your friends and others know that they
should not call you during class hours.
2. Texting during class is not allowed for any reason. You can do all the texting/phoning you
would like during our break.
3. Although the University allows for 3 absences for this class, I think that is excessive, and
encourage you to attend each week.
4. On time performance: I also expect you to arrive on time. If you are more than 15 minutes late,
it will be considered ½ an absence.
5. You are only to leave the classroom during breaks and for emergencies. Sometimes we will do
in-class activities that you may finish before the other students; bring a book
6. Laptop computers are NOT to be used during class.
7. If you know you will be absent for a class, please notify me at least a week in advance; if an
emergency comes up during the week, please email me to let me know you will not be in class.
8. The “Buddy” system: Please make sure you have a friend in class you can call in case you are
absent. You are responsible for whatever you miss when you are not in class. Indicating that
you were absent when material was covered as an answer for a final exam question won’t do it.
13. Disability Statement: “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) 2913765. Documentation of a disability must accompany any request for accommodations.”
14: Course Requirements and Grading Criteria:

Grading System
A
B
C
D
F
(90 - 100)
(80 - 89)
(70-79)
(60–69)
(59 or below)
Activity
Point Value
Number
Total Value
Assignments
60
10
600
Exams
70
4
280
Final
120
1
120
Total Points
1000
15. Tentative Schedule:
Main Topics
Week 1
Feb. 23
Ch 1 The Goals and Functions of Financial
Management
Ch 2 Review of Accounting
Week 2
Ch 4 Financial Forecasting
Mar. 2
Ch 5 Operating and Financial Leverage
Week 3
Mar. 9
Ch 6 Working capital and the Financing
Decision
Ch 8 Sources of Short-Term Financing
Week 4
Mar. 23
Ch 8 Sources of Short-Term Financing
Ch 9 The Capital Budgeting Process
Mar. 1418
 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 forecasts.
 Explain working capital management
accounting system.
 Assess risk management decisions
and compute leverage measurements.
 Explain the term structure of interest
rates and discuss theories of interest
rate determination manufacturer.
 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.
Spring Break; No Class
Week 5
Mar. 30
Objectives
Ch 9 The Capital Budgeting Process
 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 investment projects
decision-making.
Week 6
Apr. 6
Week 7
Ch 11 Cost of Capital
Ch 12 The Capital Budgeting Decision
Apr. 13
Week 8
Ch 13 Risk and Capital Budgeting
Apr. 20
Week 9
 Evaluate capital budgeting decisions
under differing capital constraints.
 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
variable costs
 Discuss tax implications on financial
management.
Ch 14 Capital Markets
Apr. 27
Week 10
May 4
Week 11
Ch 18 Dividend Policy and Retained
Earnings
FINAL Test
May 11
Proctor Hours
No proctors are available on dates that the offices are closed. Please arrive early enough to complete the
exam prior to the close of business. Test proctoring is available on the final Saturday of the term from
8am to 2pm at the Landmark office only and only by prior appointment.
Landmark office:
Monday - Wednesday 8 AM - 9 PM
Thursday- 10 AM- 9 PM
Friday- 8 AM- Noon
Fort Huachuca office:
Monday - Wednesday 8 AM - 5 PM
Thursday- 10:30 AM- 5 PM
Friday- 8 AM- Noon