PRINCE GEORGE'S COMMUNITY COLLEGE
Welcome to ACC 225!
Acc 225 - Business Finance
Reference No. 9491
Spring 2006
INSTRUCTOR:
Mary Falkey
Accounting Department
OFFICE:
T-13 (near Novak Field House)
PHONE NUMBERS: 301 322-0769 (M. Falkey)
301 322-0126 (Accounting Dept.)
EMAIL ADDRESS:
falkeymx@pgcc.edu
OFFICE HRS:
M & W 12:00 – 2:30 PM
COURSE DESCRIPTION: This three-credit course is designed to study capital
markets, financial analysis and planning, management of working capital, investment
valuation, capital budgeting and long-term financing. The course requires extensive
reading as well as practical application of concepts studies. Students will complete
questions and exercises for each chapter as well as prepare a term project. The students
will also participate in discussions of the concepts studied and demonstrate their
understanding of such concepts through an explanation of the application to real-life
situations.
COURSE LEARNING OUTCOMES: Upon successful completion of this course, a
student will be able to:
1. Demonstrate ability to evaluate financial performance through use of liquidity,
asset management, leverage, profitability and market-based ratios.
2. Use time value of money concepts as they relate to valuation of securities, capital
budgeting, cost of capital, working capital and ease analysis
3. Analyze the relationship between risk and return using the Capital Asset Pricing
Model.
4. Estimate relevant cash flows associated with an investment project, evaluate
alternatives and select project to be implemented.
5. Compute weighted cost of capital.
6. Use capital structure theory to study the relationship between capital structure and
the cost of capital.
7. Apply the economic order quantity model and probabilistic inventory control
models to determine the appropriate inventory levels.
At the completion of the course, the student will be able to understand and utilize the
basic concepts and principles of financial management as they apply to financing
decisions. This includes understanding debt and equity financing and when it is
appropriate to use specific types of financing. Time value of money concepts will be
used to determine the cost of financing. Leverage, risk and cash flow analysis will be
applied to decisions involving financial forecasting. Analysis and management of
working capital includes an understanding of the components of securities, accounts
receivable and inventories and how they can be utilized in the management process.
Students learn to compute relative and component costs of capital.
TEXTBOOK: Contemporary Financial Management by Moyer, McGuigan and
Kretlow,10th Edition
GRADING CRITERIA
Course Requirements:
Ten written assignments @ 5 points each
Term project
Three exams @25 points each
Participation
Total Points Possible
50 points
50
75
25
200 points
Late assignments will incur a one point penalty. Make-up exams will incurs a five
point penalty.
DUE DATES: All assignments are due by midnight of the due date specified.
HOW ASSIGNMENTS ARE TO BE SUBMITTED
Assignments should be submitted via the Digital Drop Box. Text documents should be
submitted in Microsoft Word and spreadsheets should be submitted using Excel. All
submissions must be neat, legible and follow proper accounting format. Submissions
must be labeled with your names, course reference number and the due date for the
assignment.
COURSE OUTLINE - See Attached Course Schedule
HOW TO LOG IN TO BLACKBOARD
Go to Prince George's Community College's Blackboard site at
http://pgcconline.blackboard.com
Click on the button labeled Login.
You will see a dialogue box that asks you to enter your username and password.
Your username will be: (first initial of first name)( first 3 initials of last name) (your
birth month expressed as two digits; if your birthday is in March, it would be entered as
03) (your birth date expressed as two digits; if your birth date is on the first of the month,
it would be entered as 01). Use only lowercase to enter your username; use NO spaces.
Example: if your name is John Smith and your birthday is April 8, your username is
jsmi0408
Your password will be: your full 9-digit Social Security Number (no spaces, no
hyphens)
Example: John Smith’s password will be
123456789
If your login is successful, you will see the Blackboard “Welcome” screen. In the box
labeled “My Courses”, you will see the course or a list of courses in which you are
enrolled. Click on the course name to enter your Blackboard course.
Immediately change your password. To change your Blackboard password, follow
these steps:
Login to Blackboard using your given username and password.
From YOUR Blackboard Welcome page (you will see WELCOME, ___! In bold letters
at the top of this page), click on Personal Information in the Tools Box on the left side.
Click on Change Password. Fill in the requested information. You can change your
password to any combination of numbers and letters. Blackboard is extremely casesensitive so use only lowercase letters.
Click the Submit button in the lower right corner.
Write down your username and password information so you can refer to it if you forget.
DISABILITY SUPPORT SERVICES
Students requesting academic accommodations are required to contact the Disability Support Services
Office (M-1042) or call (301) 322-0838 (voice) or (301) 322-0122 (TTY) to establish eligibility for
services and accommodations. Students with documented disabilities should discuss the matter privately
with their instructors at the beginning of the semester and provide a copy of their Student/Faculty
Accommodation Form.
CODE OF CONDUCT
The Prince George's Community College Code of Conduct defines the rights and responsibilities of
students and establishes a system of procedures for dealing with students charged with violations of the
code and other rules and regulations of the college. A student enrolling in the college assumes an obligation
to conduct himself/herself in a manner compatible with the college's function as an educational institution.
Refer to the 2005-2006 Student Handbook, beginning on page 39, for a complete explanation of the code of
conduct, including the Code of Academic Integrity and the procedure for dealing with disruptive student
behavior.
CODE OF ACADEMIC INTEGRITY
The college is an institution of higher learning that holds academic integrity as its highest principle. In the
pursuit of knowledge, the college community expects that all students, faculty, and staff will share
responsibility for adhering to the values of honesty and unquestionable integrity. To support a community
committed to academic achievement and scholarship, the Code of Academic Integrity advances the
principle of honest representation in the work that is produced by students seeking to engage fully in the
learning process. The complete text of the Code of Academic Integrity is in the 2004-2005 Student
Handbook (pages 41-43) and posted on the college's website.
IMPORTANT DATES
Last day to apply for spring graduation
Presidents’ Day – College closed - No classes
Last day to change from "audit" to
"credit" or "credit" to "audit"
Spring Break – College closed - No classes
Last day to withdraw from full-semester classes
Final exam period/last week of classes
Commencement, 7 p.m.
Wednesday, February 15
Monday, February 20
Friday, March 3
Mon.-Sun., April 10-16
Friday, April 21
Tues.-Mon., May 9-15
Thursday, May 25
COLLEGE RESOURCES and SERVICES
Student Assessment Services Center (Testing Center)
Bladen Wing, Room 100
301-322-0090
(www.pgcc.edu/pgweb/pgdocs/student_services/student_assessment_services.htm)
Check the web site for hours and policies and procedures.
Tutoring and Writing Centers
(www.pgcc.edu/students/tutoring_writing_grammar)
Bladen Wing, Room 107
Stop by or call 301-322-0748 to make an
appointment.
If you have the feeling that something is missing from your studies, the Tutoring
Center
can help you put the pieces of the puzzle together with free one-on-one or
group tutoring.
The Writing Center offers one-on-one tutoring for all students who are working on
any
writing assignment in any course.
Student Development Services
301-322-0886
(www.pgcc.edu/pgweb/pgdocs/student_services/index-sds.htm)
Student Development Services has various programs that provide students with
mentoring, advising and individual counseling. Call or check the website for more
information.
Library (www.pgcc.edu/library)
Accokeek Hall
General information: 301-322-0105
Circulation services: 301-322-0475
Reference services: 301-322-0476
The Learning Resources Division provides a range of library and media services.
Refer to the web site for hours and more information about the services.
Campus Bookstore (www.pgcc.edu/pgweb/pgdocs/bookstore.html)
Largo Student Center, Room 116
301-322-0912
ACC 225 – Business Finance – Mary Falkey
Class Schedule - Ref. No.9494 – Spring 2006
This is a tentative schedule, subject to change due to class pace, unexpected class cancellations and other factors.
Week Dates
Topics
Assignments
1
Chapter 01 – Role and
Objective of Financial
Management
Read Chapter 1.
Answer and submit questions
1,7,9,10,11 on pages 29 – 30.
Submit them via the Digital
Drop Box. Participate in the
Discussion Board
for Chapter 1.
Jan. 23
2
Read Chapter 2.
Answer questions 3,6,7,8, and
10 on page 56. Submit them
via the Digital Drop Box.
Participate in the
Discussion Board for
Chapter 2.
Jan. 30
Chapter 02 – the Domestic and
International Financial
Marketplace
3
Feb. 6
Chapter 03 – Evaluation of
Financial Performance
Read Chapter 3.
Answers questions 7,9,10,
14 and 15. Submit your answers via the
Digital Drop Box. Participate
in the Discussion Board
for Chapter 3.
4
Feb. 13
Chapter 05 – The Time Value
of Money
Read Chapter 5.
Answer questions 8,9,10,11
and 12. Submit your answers
via the Digital Drop Box.
Participate in the Discussion
Board for Chapter 5.
5
Feb. 20
Chapter 05 – The Time Value
of Money
Continue to study Chapter 5.
Work Problems 1,2,3, 4,5,10.
Test on Chapters 1 – 3,5.
6
Feb. 27
7
March 6
Chapter 06 – Analysis of Risk
And Return
Chapter 07 – Fixed Income
Securities: Characteristics
And Valuation
8
March 13
Chapter 08 – Common Stock:
Characteristics, Valuation and
Issuance
9
March 20
Chapter 08 – Capital Budgeting and Cash Flow Analysis
Test II on Chapters 5 – 8.
10
March 27
on pages 144-5. Submit
them via the Digital
Drop Box.
Read Chapter 6.
Answer question 1 on
Page 190.Submit your
answers via the Digital
Drop Box. Participate in
The Discussion Board
for Chapter 5.
Read Chapter 7.
Answers questions 1,2,6,14
And 15 on page 228. Submit
Your answers via the
Digital Drop Box. Participate
In the Discussion Board for
Chapter 7.
Read Chapter 8. Answer
Questions 5,9,10,11,13,15
And 18 and submit the
Answers via the Digital Drop
Box. Participate in the
Discussion Board for
Chapter 8.
Read Chapter 8. Answer
Questions 3,5,6,7,8,9l,,10
and 11. Submit your answers
via the Digital Drop Box.
Participate in the Discussion
Board for Chapter 8.
Chapter 09 – Capital Budgeting: Read Chapter 9. Answer
Decision Criteria
Questions 1,2,3,4, and 9.
Submit your answers via
he Digital Drop Box.
Participate in the Discussion
Board for Chapter 9.
11
April 3
12
April 10 -16
Spring Break
----------------------
13
Read Chapter 10. Answer
Questions 1,2,3,4, and 9.
Submit your answers via
The Digital Drop Box.
Chapter 10 – Capital Budgeting Participate in the Discussion
And Real Option Considerations Board for Chapter 10.
April 17
Chapter 11-Capital Budget and
Risk
Read Chapter 11. Answer
Questions 2,3,4,5,6,7,8,9 and
10. Submit your answers
via the Digital Drop Box.
Participate in the Discussion
Board for Chapter 11.
14
April 24
Chapter 12 – Cost of Capital
Read Chapter 12. Answer
Questions 1,4,5,6,7,8 and
9.Submit your answers via
the Digital Drop Box.
Participate in the Discussion
Board for Chapter 11.
15
May 8
Project Due
Submit Project
Final Exam Week
Test III on Chapters 9-12.