PRINCIPLES OF FINANCE
FIN 3403-401
Peru 2016
Instructor Information:
Scott Besley
E-mail: sbesley@usf.edu
Course web page: http://sbesley.myweb.usf.edu/FIN3403/home.html
Course Description/Objectives: This is an introductory course in managerial finance in which you
should attain a clear, basic understanding of the essentials of financial decision making. Emphasis is
given to the underlying principles of corporate finance and their effects on the decision-making
framework faced by financial managers who are charged with maximizing shareholders’ wealth. In
essence the course covers topics related to financing and investment decisions—that is, how to raise
funds and where to invest funds. The focus of the course is to provide an understanding of the basic
tools and techniques required to make informed decisions about which assets a firm should purchase
and how such purchases should be financed. You will find that much of the information provided in
this class can also be applied to make informed decisions about your personal finances.
Learning Outcomes: When you finish this course, you should be able to
1.
2.
3.
4.
Apply the general framework for financial decision making to various business scenarios;
Determine what actions maximize the value of a firm;
Determine the value of an asset (investment) and decide whether it should be purchased;
Identify an investment’s basic risk and determine how its return is affected when this risk changes;
and
5. Explain how external factors, such as financial markets, affect financial decisions made by the firm.
Prerequisites: Each of the following courses must be completed with a grade of C- or better:
Principles of Managerial Accounting (ACG 2071), Economic Principles—Microeconomics (ECO
2023), and Economic Principles—Macroeconomics (ECO 2013).
Required Text: Besley/Brigham, CFIN4, 4th Edition (United States: South-Western Cengage
Learning, 2015).
An electronic version of the textbook is included with a subscription to Aplia, which is described in the
next section. The website for the textbook has an electronic platform called CourseMate with many
resources, including self-test quizzes, flash cards, and review cards, that can be used to help you
understand the material covered in the course. The CourseMate platform, access to which is included
with purchase of the textbook, is different from the Aplia platform, which is described next. You are
not required to buy a copy of the textbook, but you must have access to the textbook. You are required
to subscribe to Aplia, which includes the access to the textbook that you need.
Aplia: Aplia, which is an online tool that helps students keep up with course work, will be used in (is
required for) this course. Aplia contains both an electronic version of the textbook and interactive tools
that include assignments and quizzes, tutorials, and other items that will help you better understand the
concepts presented in the book. On Aplia, you will be required to complete (1) graded Aplia
assignments, which are primarily multiple-choice, true-or-false, and fill-in-the-blank questions and
problems from the chapters that are assigned from the textbook, and (2) quizzes that cover the general
concepts discussed in the chapters that are covered in this course. The graded assignments and the
dates they are due are shown in the course outline that is on the last page of this syllabus. The scores
you receive on the graded assignments and quizzes will be used to determine the grade that you receive
for the assignment portion of this course. A discussion as to how your assignment grade will be
determined is given later in this syllabus.
The link that you should use to subscribe to Aplia is http://login.cengagebrain.com/course/U58FLG7X-MSGH. The “Course Key” that you need to subscribe to Aplia for this course is U58F-LG7XMSGH. If you subscribe online, make sure you are subscribing to Aplia, not CourseMate. You can
subscribe now and delay payment until June 27, 2016. A subscription to Aplia costs USD$70, which
includes an electronic version of the textbook, the online assignments that you must complete, and
access to all of the online tools associated with the textbook. You can print copies of the chapters from
the electronic version of the book that is provided on Aplia. As a result, you do not need a hard copy of
the book to successfully complete this course. In other words, THE USD$70 SUBSCRIPTION TO
APLIA PROVIDES YOU WITH ALL THE MATERIALS THAT YOU NEED FOR THIS COURSE.
If you would like a hard copy of the text, you can purchase a “bundled” package (online at
http://cengagebrain.com), which includes both a paper version of the book and a subscription to Aplia.
The cost for the bundled package is approximately USD$85. Before purchasing this option, however,
make sure the publisher ships to Peru.
Other Course Materials:

Pedagogical (Helpful) Materials—useful materials for this course are available on the course
webpage, which is located at http://sbesley.myweb.usf.edu/FIN3403/home.html. Some (not all) of
the items that are posted on the course website include:
o Comprehensive notes—short, concise explanations and examples of the topics covered in the
book.
o PowerPoint presentations—slides that are used in the lectures.
o Calculator help—shows how to set up a financial calculator and gives examples of how to
solve a variety of problems using a financial calculator.
o Exam information—information about the exams, including sample questions from previous
exams.
o Equations/Review sheets—copies of the equation sheets that will be provided with exams and
the review sheets that should be used to study for exams.

Recommended reading: You should keep current with business and economic information by reading
business publications, such as The Wall Street Journal, BusinessWeek, Fortune, and Forbes, as well as
business news on such Websites as Bloomberg.com (http://bloomberg.com), CNNMoney.com
(http://money.cnn.com/index.html?Cnn=yes), and msnbc BUSINESS
(http://www.msnbc.msn.com/id/3032072/). Clearly you do not have time to read articles from each
source every day. But, as a student in the College of Business you must keep informed about business
news. Subscriptions for the print media are available online at discounted student rates.
Student Responsibilities: Your primary responsibility is to be prepared for class. To get the most out
of this course, you should attend every class meeting. Much of the understanding of the material
contained in the text will be presented in the lectures and any difficulties you have solving the assigned
problems will be addressed in class. Therefore, it is important that you make every effort to attend all
class meetings.
The chapters that will be covered and the end-of-chapter problems for which you are responsible
each week are provided on the course outline that is on the last page of this syllabus. It is expected that
you have read the material and have completed to the best of your ability all of the assigned problems
prior to coming to the next class period. Conscientious attention to these assignments is essential for
satisfactory performance in this course. To encourage adequate preparation for class, which will help
enhance your understanding of important concepts and improve the chances that you will perform well
on exams, you will be required to complete textbook assignments and take quizzes and complete
assignments on the Aplia platform. In addition, you will be given in-class exercises that are similar to
what will appear on the exams.
Class time will be used to clarify, support, and enhance the material presented in the text. In class,
we will discuss the concepts described in the text and work problems assigned from the book.
Exercises completed in class will help prepare you for the exams; often the problems that are covered
in class are examples of problems that are taken from exams that were administered in prior semesters.
If you miss class, it is your responsibility to get the information covered during your absence.
Information given in the lectures and material from assigned readings and problems will be included on
exams.
Attendance will not be taken. However, you must be present to receive credit for any problems that
are assigned and collected in class.
Student Evaluation: You will be evaluated according to your performance on three exams and the
scores earned on assignments that you are required to complete. The computation of your average
numerical score for the course will be based on the following weighting scheme:
Exam 1—Chapters 1 – 4
Exam 2—Chapters 5 – 8
Final Exam
Part 1—Chapters 9 – 11 & 17
Part 2—Chapters 1 – 8
Assignment grade
Percent of grade
23
23
21
17
16
100
The course outline that is provided on the last page of this syllabus indicates when the exams will be
given (each Friday).
The plus/minus grading system will be used in this course. Course grades will be based on the
weighted average score you receive for the term using the following grading scale:
95% < A+
90% < A < 95%
87% < A– < 90%

85% < B+ < 87%
80% < B < 85%
77% < B– < 80%
75% < C+ < 77%
70% < C < 75%
67% < C– < 70%
65% < D+ < 67%
60% < D < 65%
57% < D– < 60%
F < 57%
Exam Format:
The exams will consist of a combination of multiple-choice definition/concept questions and
multiple-choice problems. The questions and problems are designed to test your understanding of
both fundamental and more complex topics covered in the course (both in the lectures and in the
text). Most of the questions on the exams are structured to test your understanding of the concepts
rather than how well you can work problems or memorize definitions and other material. As a
result, try to understand rather than memorize the concepts presented in class. If you understand the
concepts, you will perform better on the exams than if you memorize definitions and equations.
o Exam 1 and Exam 2—Each of these exams consists of 35 multiple-choice questions and
problems that pertain to the material covered in the chapters and in the lectures. The chapters
that are included on each exam are given both in the above table and in the course outline (on
the last page of the syllabus). These exams are not cumulative.
o Final Exam—The final exam is cumulative in the sense that it includes questions on material
from all of the chapters that are covered during the semester. However, the final exam is
divided into two parts: Part 1 tests you on material included in the four chapters that are
covered at the end of the semester (Chapters 9 – 11 and 17). Because you have not been tested
previously on this material, the questions that pertain to these chapters are similar to the
questions that are included on the first two exams; that is, they are somewhat detailed. Part 2
tests you on material that is included on the first two exams (Chapters 1 – 8). The questions on
this part of the exam are more general than the questions that are included on the first two
exams and on Part 1 of the final exam. There will be 52 – 54 questions on the final exam; Part 1
will consist of 24 – 26 questions and Part 2 will consist of 26 – 28 questions. As you can see
from the grading scheme given above, the final exam has a total weight of 38 percent of the
overall course grade, but the two parts of the exam are weighted differently—Part 1 has a 21
percent weight and Part 2 has an 17 percent weight.
If you earn a score on Part 2 of the final exam that is higher than the score you earn on
either Exam 1 or Exam 2, the score you earn on Part 2 of the final exam will replace whichever
score on the first two exams (Exam 1 and Exam 2) is lower. In other words, the score you earn
on Part 2 of the comprehensive final exam will count 40 percent of your overall grade in the
course (17 percent for Part 2 of the final exam plus 23 percent for the exam that is replaced) if it
is higher than one of the scores on the first two exams; the score that you earn on the other noncumulative exam will still count 23 percent.

Excused Absences—Make-Up Exams: “There are two categories of excused absences for which
accommodations will be made: scheduled and unscheduled. Scheduled absences involve time
conflicts that are known in advance, for which students have notified their instructors. Acceptable
reasons for scheduled absences include observation of religious holy days, court-imposed legal
obligations (e.g., jury duty and subpoenas), special requirements of other courses and universitysponsored events (e.g., performances, athletic events, judging trips), and requirements of military
service. Employment schedules, athletic training and practice schedules, and personal appointments
are not valid reasons for scheduled absences. Unscheduled absences involve unforeseen
emergencies such as illness, injury, hospitalization, deaths in the immediate family, consequences
of severe weather, and other crises. Students should contact instructors as soon as possible in these
cases. Instructors may require documentation or verification to excuse unscheduled absences.”
(Source: University of South Florida 2015-2016 Undergraduate Catalog, page 23,
http://www.ugs.usf.edu/pdf/cat1516/FINAL_CATALOG.pdf)
Most excused absences are known in advance of the particular event. As a result, if you know
that you will be absent for an exam due to an excused absence, you must notify the instructor as
soon as possible and provide appropriate documentation prior to the exam date. The instructor will
make arrangements for students to take a make-up exam if they provide appropriate documentation
for approved absences.
If you miss either Exam 1 or Exam 2 due to an excused absence, you will have the option to take a
make-up exam that covers the same chapters as the exam that you missed or you can choose not to
take a make-up exam and have the score you receive on Part 2 of the final exam count as the score
of the missed exam. If you miss an exam due to an unexcused absence, the score that you receive
on Part 2 of the final exam will be used as the score for the exam that you missed. If you miss both
Exam 1 and Exam 2 due to unexcused absences, you will receive a failing grade in the course.
You must take the final exam to pass the course. If you miss the final exam due to an unexcused
absence or you do not take a make-up final exam as the result of an excused absence, you will
receive a failing grade in the course.
Assignments/Quizzes:

Assignments: To ensure that you are keeping up with the material presented in the course, you will
be required to complete graded assignments posted on the Aplia platform. All assignments will be
evaluated on a 10-point scale based on the number of questions you answer correctly.
When completing the Aplia assignments, you must choose from two options after answering each
question:
1. Grade It Now—If you select this option, your answers will be graded immediately, you will be
shown which parts of the question you answered correctly and which parts you answered
incorrectly (i.e., you get a grade for the question), and you will be given feedback/explanations
concerning the correct answers. Once you see the feedback for the question, you can choose to
“Try Another Version” of the question. If you make this selection, a different question that is
related to the same topic (subject) will be generated for you. You can then provide answers to
the new question, have the answers graded immediately, and receive feedback for the new
question. You can repeat the process one additional time; that is, you can use the “Grade It
Now” option a total of three times. If you use this option, the scores that you earn for each
attempt will be averaged to determine the final score for the question in the assignment. For
example, if you use the “grade It Now” option three times for a particular question and earn
scores of 1.3, 2.5, and 0.7, the final grade you will receive for that question will be 1.5 = (1.3 +
2.5 + 0.7)/3
2. Save & Continue—If you select this option, the answers that you provided for the question will
be saved by Aplia. The answers will not be graded until either you select the “Grade it Now”
option at a later time or the assignment’s due date and time have been reached. With the “Save
& Continue” option, you can go back to the same question and change your answers whenever
you want and as many times as you want prior to the due date and time. Once you select the
“Grade It Now” option described earlier, however, you can no longer change your answers for
the question because your answers are graded immediately when you use this option.
To perform well on each Aplia assignment, it is recommended that you (1) start the graded
assignment early (don’t wait until the last minute) and select the “Save & Continue” option when
you finish each question; (2) review your answers for the graded assignment after attending class,
because similar problems and questions will be covered in class; and (3) change your answers for
the assignment as needed. Once you are satisfied your answers are correct, you can either (1) select
the “Grade It Now” option and repeat this process two more times if necessary or (2) do nothing,
which means that your answers will be graded once the assignment’s due date (and time) has
passed. Other than the due date, there is no time limitation for the Aplia graded assignments; you
can spend as much time as you need on any question or any particular assignment.
IMPORTANT NOTE: Take care to ensure that you know when the Aplia assignments are due. See
the course outline for a list of the due dates for all of the Aplia assignments. Aplia will e-mail you a
reminder of which assignments are due during the week.

Quizzes: A quiz that covers assigned reading material will be administered using the Aplia
platform. The purpose of the quiz is to ensure you are keeping up with the reading assignments.
Each quiz will include 10 questions (multiple-choice and true/false), each worth one point. The
questions will include definitions and fairly simple concepts that are covered in the material
included in the chapters you are assigned to read.
The quizzes are timed. Once you start a quiz, you will have 30 consecutive minutes to complete
it—that is, if you start the quiz at 4 p.m. (1600), your time expires at 4:30 p.m. (1630), even if you
logoff Aplia before 4:30 p.m. You can change your answers as many times as you would like
during the 30-minute period, but you cannot change answers after the time limit has expired.
Therefore, it is important that you read the appropriate chapter(s) before starting each quiz. You
only have one attempt to answer the quiz questions, and all quizzes are graded after the due date. In
other words, the “Grade It Now” option is not available with the timed quizzes. You will be
required to complete each quiz during a specified period (generally a two-day window).
IMPORTANT NOTE: The questions given on the quizzes are not representative of the questions
you will see on the exams. The questions on the quizzes are not intended to test your understanding
of the concepts; rather they are intended to ensure that you keep current with the reading
assignments. As a result, the quizzes will have questions that are oriented toward definitions,
whereas most of the questions on the exams are designed to test your understanding of the
important financial concepts.

In-Class and Textbook Assignments: You are expected to complete the end-of chapter problems
that are assigned from the book prior to the class period for which the problems are assigned. The
end-of-chapter problems you are assigned are listed in the course outline that is on the last page of
this syllabus. In addition, problems similar to those that are assigned from the textbook and to those
that you will see on the exams will be given in class. Each week at least one problem that is given
in class or assigned from the book will be collected and graded. The work that is collected will be
graded on a 10-point scale (i.e., the maximum grade is 10 points). You will receive a score of zero
(0) for collected assignments that you do not submit and for assignments that appear to be copied
from other students or other sources, such as Instructor’s Manuals or the Internet.

Assignment Grade: At the end of the course, the assignment grade you receive for the course will
be based on the highest 85 percent of all of the scores you receive for the combination of the graded
Aplia assignments, the quizzes that were administered through Aplia, problems/assignments
collected in class, and any other graded assignments that are given in the course. In other words, the
lowest 15 percent of your scores on the graded assignments and quizzes for the entire course will
be dropped before determining the overall average score you receive for the assignment portion of
the course. For example, if 26 Aplia assignments and quizzes and other class problems/assignments
are graded during the semester, the highest 22 grades will be used to compute your overall
assignment score. You will receive a score of zero (0) for any assignments you do not complete,
and those scores will be used to determine which scores will be included in the final computation
of your overall assignment grade.
The reason some of the assignments/quizzes scores are dropped is to mitigate those situations in
which you miss class, whether you were absent as the result of a valid excusable reason or for any
other reason. You should be able to complete all of the Aplia assignments and quizzes, because you
have multiple days to complete these assignments. You should start the Aplia assignments and
quizzes as soon as possible—do not wait until the last minute to start these assignments. If you start
an Aplia assignment or quiz just before it is due and you have connectivity issues because of a
computer problem, electrical outage, or other reasons, the assignment will not be restarted for you.
The due date for an assignment will only be adjusted if the Aplia organization has an extended
problem. You will be notified via e-mail if the due date for an assignment is changed.
If you keep up with the assignments (readings and problems) you should receive a fairly high score
for this portion of your overall course grade. However, if you do not complete any of the Aplia quizzes,
Aplia assignments, and other graded assignments, you will receive a score of zero for 16 percent of
your overall grade in the course. To illustrate how this would affect the grade you receive in this
course, suppose that the average score you received on all of the exams is 78, but you did not complete
any of the quizzes and assignments. Even though the 78 average on the exams is a B- according to the
grading scale given earlier, you would receive a D+ in the course. Why? The grades on the exams,
which averaged 78, represent only 84 percent of the course requirements; the grade you receive for the
required assignments represents the remaining 16 percent of your grade. As result, in this case, you
would receive a grade of zero (0) for 16 percent of your overall grade in the course and a grade of 78
for the remaining 84 percent of your overall grade, which means the average for the entire course is
65.5 = 78(0.84) + 0(0.16), which is a D+.
Extra Credit Assignment: You will have the opportunity to improve your average exam score by
completing an extra credit project. The extra credit project will be an assignment (to be completed
individually outside class) that will be based on the concepts presented in class. The requirements for
the extra credit project will be posted on the course website after the appropriate material has been
covered in class. (You will discover that the Extra Credit Project represents a form of “grade
insurance” for which you must pay a premium, or price, which is the “time and effort” you put into
completing the project.)
Other Course Information:

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
Try to understand rather than memorize the material in this course. If you memorize the material, it
will be difficult to work some of the problems and to grasp the usefulness of financial decision
making. Remember that understanding the concepts is more important than being able to work
problems—that is, understanding the meaning of the computation is more important than the
computation itself. For this reason, many of the questions on the exams are concept questions that
test your understanding of the material rather than problems that test your ability to complete the
computations.
If you have difficulty grasping the material in this course, do not wait until just before an exam to
seek help; by then it generally is too late. Questions are encouraged in this course; so ask as many
as you want! Please get help when you have questions about the material. Understanding the
material covered in this course will benefit you in other business courses as well.
Solutions to assigned problems will be provided in class. The solutions will NOT be posted online
(either on Canvas or on the course webpage). If you miss the class in which solutions are provided,
it is your responsibility to get the solutions you missed from a fellow student.
You do not have to memorize equations given in class or included in the text. For each exam you
will be provided with a formula sheet that contains all the equations you will need to solve the
problems and to answer the concept questions. The equation sheets are posted on the course
website so that you can examine them prior to the exam. The link to the equation sheet is:
http://sbesley.myweb.usf.edu/FIN3403/eqn.html
If you don’t already have one, you should consider purchasing a financial calculator to use in this
course. It is not mandatory to have a financial calculator, but having one will help you
tremendously when working the problems in the assignments and on the exams. Although many of
the illustrative problems contained in the text are solved using a Texas Instruments BAII PLUS
calculator, any financial calculator will suffice. You will not be able to use a programmable
calculator, a graphing calculator, or the calculator function on your cell phone when taking the
exams.
Neither plagiarism nor cheating will be tolerated! All work you hand in should be your own. See pages
42-50 in the University of South Florida 2015-2016 Undergraduate Catalog for the ramifications of
academic dishonesty. The undergraduate catalog can be accessed online at
http://www.ugs.usf.edu/pdf/cat1516/FINAL_CATALOG.pdf

Students who entered USF under the 2001-2002, or later, catalog are required to earn a grade of C-, or
better, in every core business class (including this one) and an overall GPA of 2.0 for all core classes.

Be courteous to your fellow students. If you have a cell phone, a pager, or any other electronic
device that has an audio notification system, please turn off the device while in class. Please put
your phone away during class—do not text, tweet, e-mail, or carry on other communication
activities during class.

The specific dates for the exams are given on the course outline that is attached to the end of this
syllabus. You must take the exams on the dates that are given on the course outline.

Exam grades will be posted on Canvas during the semester. The grades you receive on the
individual assignments/quizzes will not be posted on Canvas; it is your responsibility to keep a
record of these grades for yourself. The scores you earn on the Aplia assignments/quizzes are
posted on Aplia. Your final assignment grade will be posted on Canvas at the end of the semester.

You can communicate with other students in your section by using the e-mail function that is
available on Canvas. Please use the e-mail function for class purposes only. Do not spam your peers
by advertising books for sale, jobs, requesting help with surveys or assignments from other
courses, and so forth. If you abuse the e-mail function, your e-mail privileges will be terminated.

You are encouraged to take notes and permitted to tape the lectures in this course for personal use
only. You do not have permission to sell or profit in any manner from use of the notes or the
recordings from the course. The USF policy, including restrictions regarding the use of course
notes and recordings as well as ramifications for violating the policy, can be found at
http://generalcounsel.usf.edu/policies-and-procedures/pdfs/policy-10-048.pdf.
You have a few chances to improve the grade that you earn in this course before the final course
grade is determined (assigned). (1) You can complete the Extra Credit project. (2) If you earn a
score on Part 2 of the final exam that is higher than either of the scores that you earn on Exam 1 or
Exam 2, the score on the final exam will count 40 percent of your overall grade in the course. (3) If
you put the appropriate time and effort into completing the assignments, you should earn an overall
assignment grade of 90 – 100. Take advantage of these opportunities. After the course has been
completed and your grade for the course has been computed at the end of the semester, there
will be no additional opportunities to improve your grade, no matter how close you are to the
next higher grade. Once all course requirements have been completed, no additional work can
be completed to improve your grade; so, please don’t ask.
Incompletes will not be given in this course.
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In the event of an emergency, it might be necessary for USF to suspend normal operations. During
this time, USF might opt to continue delivery of instruction through methods that include but are
not limited to Canvas, Skype, and e-mail messaging and/or using an alternative schedule. It is your
responsibility to monitor the Canvas site for each class for course-specific communication, and the
main USF, college, and department Websites, e-mails, and MoBull messages for important general
information. Suspension of operations at USF should not affect your ability to complete Aplia
assignments and quizzes, because Aplia is not housed at USF. As a result, you should ensure that
the Aplia assignments and quizzes are completed by the due dates unless advised otherwise.
The exams start at the same time for all students, and all exams end at the same time for all
students. If you arrive late for an exam, you decrease the amount of time you have to complete the
exam.
Steps to take to be best prepared for this course:
1. Read the chapter prior to the date the assigned problems from the chapter are scheduled
to be covered in the live class.
a. Write down questions you have from the reading assignment.
b. Cross through questions on the list for which you find answers in later portions of
the reading assignment.
2. Work the problems that are assigned from the textbook.
a. Do the best you can to find the correct solution to each problem. Some of the
problems are similar to the examples contained in the chapter; other problems are
similar to examples contained in the comprehensive notes that are posted on the
course webpage.
b. Complete each problem, even if you are not sure whether you are working it
correctly. Show all of your work; in fact, show more work than you think is
necessary.
3. Complete the Aplia assignment for the chapter
a. Use the “Save & Continue” option when you first complete the Aplia assignment.
b. After attending class, you can go back and change any answer you want.
4. Attend class.
a. Pay attention to the concepts that are covered in the lectures. Ask questions about
concepts you have difficulty grasping.
b. Ask any questions from your list of questions that you were not able to answer for
yourself or for which you feel you need additional understanding.
c. As each assigned problem is covered in class, make any necessary corrections to
your solutions.
d. Take notes concerning the explanations of the concepts that relate to the problems.
5. Go back to the Aplia assignment for the chapter that was covered in class and chang
answers as needed.
a. Once you have entered your final answers, use the “Grade It Now” option to
determine the score you earned for the question. If you want to improve your score
for the question, use the “Try Another Version” option.
b. Remember that the score you earn for each attempt using the “Grade It Now” option
in Aplia counts; your final score for each question is the average of the scores you
received for each attempt.
6. Because the material presented later in the course builds on material presented early in
the course, it is important that you ask questions about concepts you do not fully
understand as soon as you know you are having difficulty with the material. Do not wait
until just before the exam to ask question; at that point, it generally is too late to fully
understand the concepts before taking the exam.
Principles of Finance
FIN 3403-401
Peru 2016
Course Outline
Date:
Subject
Chapter Problemsa
Aplia Assignments (Date Due)b
June 20
An Overview of Managerial Finance
Analysis of Financial Statements
1
2
3, 4, 13
8, 15, 18
Intro to Using Aplia Assignments (6/20)
June 21
Financial Markets, Institutions, and
the Investment Banking Process
Time Value of Money
3
8, 11, 17
An Overview of Managerial Finance (6/21)
Time Value of Money
4
June 22
4
7, 10, 22, 25 Analysis of Financial Statements (6/22)
The Financial Environment: Markets,
Institutions, and Invest Banking (6/23)
The Time Value of Money (6/23)
June 24 Exam 1—Chapters 1-4
The Cost of Money (Interest Rates)
5
June 27 The Cost of Money (Interest Rates)
Bonds Characteristics/Valuation
5
6
8, 14, 16
June 28 Bonds Characteristics/Valuation
Stock Characteristics/Valuation
6
7
5, 9, 11
1, 7, 13
The Cost of Money (Interest Rates) (6/28)
June 29 Risk and Rates of Return
8
3, 5, 8, 13
Bonds (Debt)—Characteristics and
Valuation (6/29)
Stocks (Equity)—Characteristics and
Valuation (6/30)
Risk and Rates of Return (6/30)
July
1 Exam 2—Chapters 5-8
Capital Budgeting Techniques
9
July
4 Capital Budgeting Techniques
Capital Budgeting—Project CFs
9
10
3, 16, 18, 20
July
5 Capital Budgeting—Project CFs & Risk
The Cost of Capital
10
11
5, 6, 16, 19
Capital Budgeting Techniques (7/5)
July
6 The Cost of Capital
Financial Planning and Control
11
17
2, 3, 8, 17
5, 16, 20
Project Cash Flows and Risk (7/6)
The Cost of Capital (7/7)
Financial Planning and Control (7/7)
July
a
b
8 Final Exam—Chapters 1-11 & 17
Refer to the Problems section at the end of the chapter.
The Aplia assignments must be completed online. The deadlines for completing the Aplia assignments are contained in
the parentheses. Note that the due dates for the Aplia assignments do not necessarily align with the date the class meets.