Financial Management
ADM2350N WINTER 2024
Professor
Mian Wei
Office
Virtual using MS Teams
E-mail
Mian.Wei@telfer.uottawa.ca
For security purposes, a student must only use his or her uOttawa e-mail
address when communicating with the professor. E-mails sent from
other accounts will not be answered.
Office Hours
Friday: 4:00pm – 5:00pm, & by appointment
All office hours will be conducted on MS Teams
Class Location
Virtual
Class Hours
Wednesday 4:00pm – 5:20pm
Friday 2:30pm – 3:50pm
Teaching Assistant Aurin Shaila Nusrat sauri029@uottawa.ca
DGD
Monday 2:30pm – 3:50pm, Virtual
Prerequisite(s)
ADM 1340, ADM 2303, ECO 1102, ECO 1104
Program of study
BCom mandatory course
COURSE DESCRIPTION
Course Deliverable
Four Individual
Quizzes
Final Exam*
Due Date
• Quiz 1 Friday January 26th
• Quiz 2 Friday February 16th
• Quiz 3 Friday March 15th
• Quiz 4 Friday April 5th
TBD
Weight on Final Grade
20% each after I drop
the worst quiz (total
60%)
40%
* Final exam is cumulative.
1/13
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
Note that it is not possible to submit extra course work in order to improve your mark.
COURSE DESCRIPTIONS
The course provides candidates with a framework with which to analyze corporate investment
and financing decisions and understand how financial decisions affect firm value. Topics
covered include time value of money, stock and bond valuation, project evaluation techniques,
cost of capital, cash flow estimation, project risk analysis, real options, company valuation,
dividend policy, and capital structure decision. The primary objective of this course is to
introduce the main theories and applications of corporate finance.
COURSE CONTRIBUTION TO PROGRAM LEARNING
GOALS
The Telfer School of Management has implemented an ongoing Assurance of Learning Process in
each of its core programs to ensure that upon graduation, candidates have successfully achieved
key learning outcomes and skills from the Program. This course contributes to the achievement of
the following B.Com Learning Goals: LG1 Understand, Apply, and Integrate Core Management
Disciplines and LG2 Demonstrate Critical Thinking and Decision Making Skills.
LG1
Understand, Apply and Integrate Core Management Disciplines
LG2
Demonstrate Critical Thinking and Decision-making Skills
LG6
Pursue Self-Development and Exhibit a Commitment for Life-long Learning
LG7
Provide Value to the Business Community in a chosen Area of Specialization
COURSE LEARNING OBJECTIVES
A principal role of general managers is to make decisions that will enhance the probability of
success of a firm’s strategy that is formulated to maximize shareholder wealth. The general
manager’s actions are further constrained by the objectives of other stakeholders of the firm. Given
this constrained environment, the manager’s decision-making process is governed by functional
knowledge; uncertainty and asymmetric information; game theoretic principles and logical
thinking. This course contributes to this important aspect in the development of a general
manager’s perspective by integrating the main issues in corporate finance with core principles of
financial and managerial accounting and quantitative methods. Specifically, the course aims to
increase students` understanding of:
•
•
•
•
The investment decision-making process and why financial metrics alone are insufficient.
The role of risk in the pricing of securities.
The link between accounting information and valuation.
The Canadian institutional environment within which financial decisions must be made.
2
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
TEXTBOOK
COURSE MATERIALS
WHERE TO GET IT
Required Textbook
Stephen A. Ross, Randolph W. Westerfield, Bradford D.
Jordan, and Gordon Roberts, Fundamentals of Corporate The textbook can be purchased
Finance, 11th Canadian Edition, McGraw-Hill Ryerson, 2019. online via www.uottawashop.ca
OTHER RECOMMENDED MATERIAL
Subscription to Wall Street Journal, the Economist and/or Financial Times. Some other excellent
financial magazines such as Fortune, Forbes and Business Week also provide good applications of
what you will learn in the course. Students are also encouraged to visit the following websites to
further their command of some of the concepts covered in this course:
• www.teachmefinance.com : for additional illustration of concepts covered in class.
• www.investopedia.com: for general finance topics.
• www.cfo.com: for current updates and discussions of financial challenges facing corporations
• www.sternstewart.com/ : for corporate valuation news, techniques and developments
• www.tvmcalcs.com: for time value calculations using Microsoft Excel and financial calculators.
COURSE WEBSITE
The course website (via Brightspace) provides valuable information related to the course. On the
website you will find, among others:
•
•
•
•
•
•
•
Lecture slides
Lecture videos
Announcements
Quizzes
Final Exam
Posted articles from academic and financial press
DGDs
FINANCIAL CALCULATOR
A financial calculator is strongly recommended (but not required) for this course. Recommended
calculators are the Texas Instruments BAIIPLUS™ and the Sharp EL-738. Both are widely
3
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
available (e.g., online or at the University Bookstore, the Agora Bookstore, Staples or the Laurier
Office Mart). Some of the questions can only be answered with a financial calculator or excel.
OPTIONAL OTHER RESOURCES
William F. Rentz & Alfred L. Kahl, How to Solve Time Value of Money Problems with the
BAIIPlus Calculator, 2015. Available from Amazon or https://www.createspace.com/5646041
ISBN 9781515273479.
Alfred L. Kahl & William F. Rentz, How to Solve Time Value of Money Problems with MS
Excel, 2015. Available from Amazon or https://www.createspace.com/5793533 ISBN
9781517758264.
COURSE POLICIES
1. Office Hours: I encourage you to attend my online office hours if you have any questions about the
content of the course. Email should be used as a mean to coordinate appointments. In depth questions
about course content should be addressed in office hours. For brief questions about practice
problems, you contact the instructor at the email address Mian.Wei@telfer.uottawa.ca. This means
that all communications will be sent to your @uottawa.ca email address or will be posted on-line.
Not checking this email address is not a valid excuse for missing information about the course.
2. Individual Quizzes: The quizzes are designed to give you practice applying the concepts learned in
the course. They are primarily a learning tool rather than a means of assessment. Late quizzes will
not be accepted. Due dates are indicated above (under “Course Deliverable”).
3. Missed Exam and other deliverables: University regulations require all absences from
exams/quizzes and all late submissions due to illness to be supported by a relevant documentation.
Absence for any reason must be justified in writing, to the Student Services Centre
(undergraduate@telfer.uottawa.ca) within five business days following the date of the exam. Please
visit the following "https://telfer.uottawa.ca/en/bcom/your-academic-world/exams/"webpage to
download the deferral request form and carefully read the directives. The Telfer School reserves the
right to accept or refuse the reason.
Religious absences: If a religious holiday or a religious event will force you to be absent during an
evaluation, it is your responsibility to inform your professor and the Student Services Centre as early
as possible.
THERE WILL BE NO EXCEPTIONS! Students are expected to write (or submit) all course
deliverables as scheduled according to this Course Outline. Medical absences (with the appropriate
medical certificate) are the only acceptable reasons for failure to hand-in or complete a requirement
of this course at the specified time.
4
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
COURSE SCHEDULE
Module
1
Topics
Introduction to Corporate Finance
Readings
Chapter 1
2
Time Value of Money
Chapter 5
3
Discounted Cash Flow Valuation
Chapter 6
4
Bonds: Valuation, Features and Price Reporting
Chapter 7
5
Stock Valuation
Chapter 8
6
Capital Budgeting: Investment Appraisal Techniques
Chapter 9
7
Capital Budgeting: Making Capital Investment Decisions
Chapter 10
8
Project Analysis and Evaluation
Chapter 11
9
Risk and Return I
Chapter 12
10
Risk and Return II
Chapter 13
11
Cost of Capital
Chapter 14
12
Raising Capital
Chapter 15
INSTRUCTIONAL METHODS
Each class will be interactive revolving around
➢ Professor lectures
➢ Professor asking students questions
➢ Student doing Wooclap poll exercises
➢ Solving quantitative problems specially created for each lecture
Brightspace: (i) all lectures power point decks will be posted; (ii) will be used to administer the 4
quizzes and the final exam.
TECHNICAL REQUIREMENTS AND SUPPORT
The course requires that you have access to the internet (ie Brightspace, MS Teams & the web in
general) while attending lectures.
5
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
If you experience difficulties with Brightspace or with logins to any uOttawa systems, please do
not contact the instructor or the course TA until you have tried to solve the problem through the
IT supports in place at the University.
For all questions related to Brightspace, call the support line between 8 AM and 8 PM (Eastern)
at 1-866-811-3201 OR submit an online request using this form 24 hours a day.
For any other IT related issues, please contact IT services. They have a helpdesk that you can
call, or you can submit a service ticket with a specific request 24 hours a day.
For problems connecting to the library services, you can also contact the Morisset Help Desk.
6
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
COURSE POLICIES
COURSE CONDUCT
The Telfer School of Management prides itself on a strong sense of shared values drawing upon
principles of respect, integrity, professionalism, and inclusion to guide interactions inside and outside
the classroom. The Telfer School strives to provide a well-rounded and outstanding education
enriched through experiential learning and a positive student experience. It is also encouraged that
you familiarize yourself with the University of Ottawa guidelines on Student Rights and Responsible
Conduct (HYPERLINK "https://www.uottawa.ca/about-us/policies-regulations/policy-130-studentrights-and-responsible-conduct"Policy 130).
PREVENTION OF SEXUAL VIOLENCE
The University of Ottawa is committed to a safe and healthy campus for work, for study and for
campus community life for all members of the University community. The University, as well as
various employee and student groups, offer a variety of services and resources to ensure that all
uOttawa community members have access to confidential support and information, and to
procedures for reporting an incident or filing a complaint. For more information, please visit
uOttawa Sexual violence: support and prevention.
CLASS ATTENDANCE
Class attendance is expected and is necessary to successfully complete this course.
Students are expected to write (or submit) all course deliverables as scheduled according to this
Course Outline. Absences for reasons listed in academic regulation 9.5 (with the appropriate
documented justification) are the only acceptable reasons for failure to hand-in or complete a
requirement of this course at the specified time. THERE WILL BE NO EXCEPTIONS. For a
missed mid-term or final examination, documentation must be submitted along with a deferred
exam application form to the Student Services Centre (DMS1100) of the Telfer School of
Management.
Please visit the following webpage to download the form and carefully read the directives.
For other missed deliverables, the appropriate documentation can be submitted directly to the
Professor.
LANGUAGE & WRITING
You will be judged on your writing abilities on all written deliverables. It is recommended to
take the appropriate measures to avoid mistakes such as spelling, syntax, punctuation,
inappropriate use of terms, etc.
Professors show a marked bias for a movement from theory/definition (textbook, supplementary
readings, class discussion) to your own words to a concrete example. In other words, make a
clear reference to an accepted theoretical foundation, then explain it in your own words and then
7
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
provide a concrete example to support your idea (from a case study, from a class discussion,
from a real life situation that you have observed, from history,…).
In the event of poor language quality, you may be penalized up to 15% to the professor’s
discretion. Please see the “Error! Reference source not found.”.
Regulation 8.5
Except in programs and courses for which language is a requirement, all students have the right
to produce their written work and to answer examination questions in the official language of
their choice, regardless of the course’s language of instruction.
LATE SUBMISSIONS
Late submissions are not tolerated. Exceptions are made only for illness or other serious
situations deemed as such by the professor.
ABSENCES FROM EXAMS
University regulations require all absences from exams/quizzes and all late submissions due to illness
to be supported by a relevant documentation.
Absence for any reason must be justified in writing, to the Student Services Centre
(undergraduate@telfer.uottawa.ca) within five business days following the date of the exam. Please
visit the following "https://telfer.uottawa.ca/en/bcom/your-academic-world/exams/"webpage to
download the deferral request form and carefully read the directives. The Telfer School reserves the
right to accept or refuse the reason.
Students will only be permitted to defer one deliverable per course. Should you miss the midterm for
a reason approved by the SSC, you will not be allowed to defer another course deliverable. This also
applies to any deliverable for which a weight transfer is possible. Exceptions could be made, but it
will be at the discretion of the SSC, and each request will be evaluated on its own merit. The deferred
midterm exam will take place on March 23 or 24.
Religious absences: If a religious holiday or a religious event will force you to be absent during an
evaluation, it is your responsibility to inform your professor and the Student Services Centre as early
as possible.
INTELLECTUAL PROPERTY
All forms (printed, digital, etc.) of course materials prepared by the instructor (including emailed or Brightspace content) are protected by copyright. This covers all files, assessments,
solutions, cases, and other materials. Copying, scanning, photographing, posting, or sharing by
any means is a violation of copyright and will be subject to appropriate penalty as prescribed by
University of Ottawa regulation.
8
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
ACADEMIC INTEGRITY
Academic Regulation 14 defines academic fraud as “any act by a student that may result in a
distorted academic evaluation for that student or another student. Academic fraud includes but
is not limited to activities such as:
a) Plagiarism or cheating in any way;
b) Submitting work not partially or fully the student’s own, excluding properly cited
quotations and references. Such work includes assignments, essays, tests, exams,
research reports and theses, regardless of whether the work is written, oral or another
form;
c) Presenting research data that are forged, falsified or fabricated;
d) Attributing a statement of fact or reference to a fabricated source;
e) Submitting the same work or a large part of the same piece of work in more than one
course, or a thesis or any other piece of work submitted elsewhere without the prior
approval of the appropriate professors or academic units;
f) Falsifying or misrepresenting an academic evaluation, using a forged or altered
supporting document or facilitating the use of such a document;
g) Taking any action aimed at falsifying an academic evaluation.”1
The Telfer School of Management does not tolerate academic fraud. Please familiarize yourself
with this guidance.
STUDENT SUPPORT SERVICES
Health and Wellness
Your wellness is an integral part of your success. If you don’t feel well, it can be hard to focus on
your studies. Dedicated professionals and fellow students who care about you are always ready
to provide advice and support. Depending on your needs, many activities and services exist to
accompany you during your academic journey. Services include:
• opportunities to connect;
• counselling sessions
• peer support;
• physical activity;
• wellness activities and workshops;
• spiritual guidance.
If you want to connect with a counsellor, you can book an appointment online or go to their
walk-in clinic at 100 Marie-Curie, fourth floor. You can also drop-in to our wellness space, chat
online with a peer helper, or access 24/7 professional help through the website.
9
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
For more information and to access these services, go to uOttawa.ca/wellness.
Academic accommodations
We try to make sure all students with disabilities have equal access to learning and research
environments, the physical campus and University-related programs and activities. The
Academic Accommodations service works with other campus services to create an accessible
campus learning environment, where students with disabilities have an equal opportunity to
flourish. We offer a wide range of services and resources, provided with expertise,
professionalism and confidentiality.
Some services we offer
• Help for students with disabilities in making the transition
• Permanent and temporary accommodation measures
• Learning strategy development
• Adaptive exams
• Transcriptions of learning material
• Interpretation (ASL and LSQ)
• Assistive technologies
If you think that you might need any of our services or supports, email the Academic
Accommodations service (adapt@uOttawa.ca).
OTHER U OTTAWA SERVICES THAT YOU MIGHT
FIND USEFUL
•
•
Career Services:
o Telfer Career Centre
o U Ottawa Career Services
Counselling Service
10
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
Statement of Academic Integrity
Individual Assignment Checklist & Disclosure
Please read the disclosure below following the completion of your assignment. Once you have
verified these points, hand in this signed disclosure with your assignment.
1. I acknowledge to have read and understood my responsibility for maintaining academic
integrity, as defined by the University of Ottawa’s policies and regulations. Furthermore, I
understand that any violation of academic integrity may result in strict disciplinary action as
outlined in the regulations.
2. If applicable, I have referenced and/or footnoted all ideas, words, or other intellectual property
from other sources used in completing this assignment.
3. A proper bibliography is included, which includes acknowledgement of all sources used to
complete this assignment.
4. This is the first time that I have submitted this assignment or essay (either partially or entirely)
for academic evaluation.
5. I have not utilized unauthorized assistance or aids including but not limited to outsourcing
assignment solutions, and unethical use of online services such as artificial intelligence tools
and course-sharing websites.
Course Code:
Assignment No. / Title:
Use of Plagiarism
Yes (Required by Course / Professor) 
Detection Tools No (Not Applicable for Type of Assignment) 
(e.g., Ouriginal):
Yes (Self-Conducted) 
No (Not Conducted) 
Date of Submission:
Name:
Signature:
11
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
Statement of Academic Integrity
Group Assignment Checklist & Disclosure
Please read the disclosure below following the completion of your group assignment. Once all team
members have verified these points, hand in this signed disclosure with your group assignment.
1. All team members acknowledge to have read and understood their responsibilities for
maintaining academic integrity, as defined by the University of Ottawa’s policies and
regulations. Furthermore, all members understand that any violation of academic integrity may
result in strict disciplinary action as outlined in the regulations.
2. If applicable, all team members have referenced and/or footnoted all ideas, words, or other
intellectual property from other sources used in completing this assignment.
3. A proper bibliography is included, which includes acknowledgement of all sources used to
complete this assignment.
4. This is the first time that any member of the group has submitted this assignment or essay
(either partially or entirely) for academic evaluation.
5. No member of the team has utilized unauthorized assistance or aids including but not limited
to outsourcing assignment solutions, and unethical use of online services such as artificial
intelligence tools and course-sharing websites.
6. Each member of the group has read the full content of the submission and is assured that the
content is free of violations of academic integrity. Group discussions regarding the importance
of academic integrity have taken place.
7. All team members have identified their individual contributions to the work submitted such
that if violations of academic integrity are suspected, then the student(s) primarily responsible
for the violations may be identified. Note that the remainder of the team will also be subject to
disciplinary action.
Course Code:
Assignment No. / Title:
Use of Plagiarism
Yes (Required by Course / Professor) 
Detection Tools No (Not Applicable for Type of Assignment) 
(e.g., Ouriginal):
Yes (Self-Conducted) 
No (Not Conducted) 
Date of Submission:
12
ÉCOLE DE GESTION TELFER SCHOOL OF MANAGEMENT
Name
Signature
Contributions
13