WAYLAND BAPTIST UNIVERSITY AMARILLO CAMPUS SCHOOL OF BUSINESS SYLLABUS 1. 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. 2. Course: FINA 3309 – AM01, Foundations of Financial Management 3. Term: Winter 2015 - 2016 4. Instructor: Gregory E. Canada 5. Office/Home Phone Numbers and WBU Email Addresses: (806) 477-5559/354-0166, gcanada@suddenlink.net or gregory.canada@wayland.wbu.edu 6. Office Hours, Building, and Location: By Appointment, Room #103 7. Class Meeting Time and Location: Thursday, 6:00 PM – 10:10 PM, Room #103 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. 10. Required Textbook and Resources: BOOK Foundations of Financial Management AUTHOR ED YEAR PUBLISHER ISBN# UPDATED Block 15th 2015 Cengage Learning 978-1-259-19407-8 2015 11. Optional Materials: Current periodicals, journals and Internet sites as assigned. 12. 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. 13. Attendance Requirements: 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) 291- 3765. Documentation of a disability must accompany any request for accommodations. Appeals Process - 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. Statement on Plagiarism and Academic Dishonesty - Wayland Baptist University observes a zero tolerance policy regarding academic dishonesty. Per university policy as described in the academic catalog, all cases of academic dishonesty will be reported and second offenses will result in suspension from the university. 14. Course Requirements and Grading Criteria: In order to maximize the return on student investment in this course, students are perceived by the instructor to be mature and motivated learners. While lecture will be used as an instructional technique, it is the responsibility of the student to read the text and other assignment material. While some reading materials will be covered in lecture, emphasis will be given to the discussion questions and problems at the end of each Chapter. However, students will be responsible for the content of the text, regardless of whether it is covered in lecture. The general instructional approach may include the following: Reading assignments from the text (outlines in syllabus), current periodicals, journals and Internet sites as assigned. Students are expected to have read the assignments prior to the class in which it is discussed. Homework assignments. Group project (case) involving financial management problems Class discussions. Lecture on basic principles and concepts. Grading will be assigned in the standard format based upon the final semester average, as follows: A 90-100 B 80-89 C 70-79 D 60-69 F Below 60 Assignments and examinations will be weighted as follows to determine the final semester average: Homework assignments 20% First and Second Exams 40% (20% each) Exams (3) 25% Group Case 15% Homework may be assigned each week for the following week. Exams will be a combination of multiple choice questions and problems. 15. Tentative Schedule: November 12, 2015 November 19, 2015 November 26, 2015 December 03, 2015 December 10, 2015 December 17, 2015 December 24, 2015 December 31, 2015 January 07, 2016 January 14, 2016 January 21, 2016 January 28, 2016 February 04, 2016 February 11, 2016 Chapters 1 & 2 Chapters 3 & 4 Thanksgiving Break Chapters 5 & 6, Review Test - Chapters 1-5 Chapters 7 & 8 Christmas Break New Year’s Break Chapters 9 & 10 Chapters 11 & 12, Review Test - Chapters 6-10 Chapters 13, 14 & 15 Cases & Review (Chapters 11-15) Final Exam, Chapters 11 - 15