D103
Course Information:
Instructor Information:
Summer 2014
Room: D114
6/12/14 – 8/14/14
Thursday, 6-10 p.m.
Kathy Estes
B208 – By apt during summer
kestes@ben.edu
(217)483-6841
FINA 300 – MANAGERIAL FINANCE
ASSIGNMENT FOR THURSDAY, JUNE 12, 2014
1.Read Chapters 1, 2 & 3. Please be prepared to discuss these chapters in class.
2.Obtain the use of a financial calculator (see syllabus for details).
3.Spend time becoming familiar with the financial functions of the calculator.
I.
COURSE DESCRIPTION: An analysis of the functions of financial management in the decision-making
process of the firm.
II.
TEXTBOOK AND MATERIALS: Brigham, Eugene F., and Houston, Joel F., Fundamentals of Financial
Management, 12th Ed., South-Western Cengage Learning, © 2009. ISBN: 978-0-324-59770-7
A financial calculator is required for this class. If a student does not currently own a financial
calculator, they should purchase one before the first night of class and begin familiarizing themselves
with the various financial features. Examples of appropriate calculators include Texas Instruments (TI
83, TI 83 Plus, or BA II Plus) or Hewlett-Packard (HP 10B, 12C, or 17B). If you have any questions
regarding this requirement, please contact the instructor.
Students will use D2L as an instructional tool for this course. Students must take necessary steps to have
access to this essential resource prior to the beginning of the course.
III.
MISSION STATEMENT: Benedictine University is dedicated to the education of undergraduate and
graduate students from diverse ethnic, racial and religious backgrounds. As an academic community
committed to liberal arts and professional education distinguished and guided by our Roman Catholic
tradition and Benedictine heritage, we prepare our students for a lifetime as active, informed and
responsible citizens and leaders in the world community.
IV. GOALS, OBJECTIVES, AND STUDENT LEARNING OUTCOMES :
A. Goals
1. Evaluate the role of economics and business in the social environment of our culture;
2. Articulate how the functional areas of business interrelate within organizations;
3. Improve skills in communication, analytical thinking and appreciating the human element in
organizations; and
4. Develop specific skills applicable to the various aspects of the functional areas of business
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B. Course Objectives: At the completion of the course, students should be able to do the following:
1: Understand the role of financial managers in a business organization and be able to analyze the
basic financial statements of a firm.
2: Demonstrate how financial markets operate and the relationship between risk and return.
3: Analyze security prices and make financial decisions based on their valuation.
4: Apply quantitative techniques to make long-term investment decisions.
V.
TEACHING METHODS DELIVERY SYSTEM: Lecture, classroom discussions, outside reading, and
practical applications will be used to facilitate learning. Students should monitor various news outlets
(Wall Street Journal, Business Week, Fortune, Forbes, or The Economist) for financial information that
relates to the topics discussed in the course.
VI. COURSE REQUIREMENTS:
A. Attendance/Participation – This course is highly accelerated, and students will need to take a great
deal of responsibility for their own learning outcomes. Attendance is required in each class meeting
for the full period of time. Any absence must be due to extraordinary circumstances and will require
documentation for it to be considered excused. Documentation must be provided immediately in order
to determine what, if any, accommodations are reasonable or possible. Class attendance will directly
impact your final grade, and each undocumented absence will be considered unexcused and will result
in a 20% reduction in the final grade for the course.
Due to the accelerated nature of the course, should you experience a medical condition which prevents
you from attending any class(es), appropriate medical documentation must be provided immediately
so it may be determined what, if any, accommodations are reasonable or possible.
B. Reading Assignments – These assignments are necessary to ensure students grasp the financial topics
discussed. Reading assignments in the textbook should be completed prior to the scheduled class
discussion. The scheduled class discussion can be found in the course calendar at the end of this
syllabus. Students should be prepared to discuss the assigned reading.
C. Projects – Students are expected to complete one group presentation, one group project, and one
individual project. Additional information will be provided in class.
D. Makeup Work – No makeup exams will be given without prior permission. Late assignments will
result in a significant reduction in the assignment grade and will only be accepted until the beginning
of the class session following the original due date.
Benedictine University at Springfield Student Academic Honesty Policy
The search for truth and the dissemination of knowledge are the central missions of a university.
Benedictine University at Springfield pursues these missions in an environment guided by our Roman
Catholic tradition and our Benedictine heritage. Integrity and honesty are therefore expected of all
University students. Actions such as cheating, plagiarism, collusion, fabrication, forgery, falsification,
destruction, multiple submission, solicitation, and misrepresentation are violations of these expectations
and constitute unacceptable behavior in the University community.
Student’s Responsibility
Though there is no formal honor code at Benedictine University at Springfield, students are expected to
exhibit academic honesty at all times. Violations against academic honesty are always serious and may
result in sanctions that could have profound long-term effects. The final responsibility for understanding
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the Academic Honesty Policy of the institution, as well as the specific policies for individual courses
normally found in syllabi, rests with students. If any doubt exists about what constitutes academic
dishonesty, students have the responsibility to talk to the faculty member. Students should expect the
members of their class to be academically honest. If students believe one or more members of the class
have been deceitful to gain academic advantage in the class, students should feel comfortable to approach
the faculty member of the course without prejudice.
Violations of the Academic Honesty Policy will be reported to the Office of the Dean of Academic
Affairs. Along with a verbal warning, the following g are consequences a student may face for academic
dishonesty:
 a failing grade or “zero” for the assignment;
 dismissal from and a failing grade for the course; or
 dismissal from the Institution.
F. Classroom Etiquette - Cell phones must be turned off during class and may not be used during exams.
Please show respect to your fellow students and the instructor by arriving on time and being prepared
for class.
VII. MEANS OF EVALUATION
A. Grading Scale:
495 to 550 pts = A
440 to 494 pts = B
385 to 439 pts = C
330 to 384 pts = D
<330 pts = F
B. Means of Evaluation:
3 Exams
Time Value of Money Project
Presentation
Group FS Analysis Project
TOTAL
300 points
80 points
50 points
70 points
500 points
There will be 3 exams during this class. Exam 1 will cover chapters 1 through 4, Exam 2 will cover
chapters 5 through 7, and Exam 3 (Final exam) will cover chapters 8 through 11. Exam format will be
discussed in class. Exams will be taken in-class.
Grade Appeal Process
If a student believes that an error has been made in reporting a grade, an appeal must be made in
writing to the instructor and must be initiated within 60 calendar days after the end of the term for
which the grade in question as reported. The appeal should contain specific information about why it
is believed the grade reported is inaccurate. See the Student Handbook for details.
Add/Drop Dates
Please refer to the current Academic Calendar for add/drop dates.
Incomplete Request
To qualify for an “I” grade, a minimum of 75% of the course work must be completed with a passing
grade, and a student must submit a completed Request for an Incomplete form to the Registrar’s
Office. The form must be completed by both student and instructor, but it is the student’s
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responsibility (not the instructor’s) to initiate this process and obtain the necessary signatures.
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Student Withdrawal Procedure
It is the student’s responsibility to officially withdraw from a course by completing the appropriate
form, with appropriate signatures, and returning the completed form to the Advising Office. Please
refer to the Student Handbook for important financial information related to withdrawals.
VIII.
COURSE OUTLINE: This schedule is tentative. Changes from the listed schedule will be announced
during class. Students who miss class are responsible for any announced changes.
Week
Chapters
1
June 12
1, 2, & 3
2
June 19
3
June 26
4
July 3
5
July 10
6
July 17
7
July 24
8
July 31
9
Aug 7
10
Aug 14
3&4
Exam 1
5
5&6
6&7
7&8
Exam 2
8&9
9
10 & 11
Topics
Finance careers, role of finance in a firm, agency relationships, intrinsic value
capital allocation, types of financial markets and institutions, stock markets,
balance sheet, and income statement
Statement of retained earnings, statement of cash flows, sources and uses of cash,
NOPAT, Calculation of cash flow (NCF, OCF, FCF), and Federal income taxes.
Financial statement analysis, ratio analysis, ROE, DuPont Equation, Problems from
Chapters 3 & 4.
PV, FV, annuities, semiannual compounding, periodic and effective rates, and loan
amortizations.
Group Presentations
Complete Chapter 5 and introduce interest rate model. IP, DRP, LP, and MRP
Term structure of interest rates, yield curves, problems. Bond characteristics &
terms, calls, valuation, YTM, CY, and CGY.
Group FS Analysis Due
Interest rate & reinvestment risk, and problems from Ch 7. Risk & return, standalone and portfolio risk, probability distributions, standard deviation, CV, portfolio
return & risk, correlation, CAPM, beta, SML, MRP
Risk aversion, and problems from Ch 8. Common stock attributes, stock price,
dividend growth model.
Common stock attributes, stock price, dividend growth model. Market equilibrium
and Ch 9 problems.
Individual Project Due
Capital components & cost of each, WACC. Payback, Discounted payback, NPR,
IRR, capital budgeting problems.
Review of Chapters 9, 10, and 11.
Exam 3
IX. AMERICANS WITH DISABILITIES (ADA)
Benedictine University at Springfield provides individuals with disabilities reasonable accommodations
to participate in educational programs, activities, and services. Students with disabilities requiring
accommodations to participate in campus-sponsored programs, activities, and services, or to meet course
requirements, should contact the Resource Center as early as possible: springaccess@ben.edu or (217) 5251420, ext. 3306.
X. ASSESSMENT
Goals, objectives, and learning outcomes that will be assessed in the class are stated in this syllabus in
Sections IV and VI. Instructor will background knowledge probes, one-minute papers, reflective essays
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and/or other Classroom Assessment Techniques as deemed necessary in order to provide continuous
improvement of instructions.
Jr 5/19/14
Lsa 5-21-14
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