BAŞKENT UNIVERSITY
İŞLE 311 İŞLETME FİNANSI
COURSE OUTLINE
COURSE NAME
: İşletme Finansı - Corporate Finance
COURSE NO
: İşle 311 31, 32, 33
INSTRUCTOR
: Assoc.Prof. Güray Küçükkocaoğlu
OFFICE
: İİBF İşletme Bölümü B219 Bağlıca Kampüsü
0 (312) 234 10 10 / 1728
gurayk@baskent.edu.tr
www.baskent.edu.tr/~gurayk
OFFICE HOURS
: Tuesday 12.00-14:00, Wednesday and Thursday 11:00-13:00
REQUIRED TEXT
: Brealey, Myers & Marcus, Fundamentals of Corporate Finance,
McGraw Hill, Sixth International Edition.
REQUIRED CAL.
: A financial or a scientific calculator is a necessity in this course.
Calculators must be used to work the exams, so be sure to get your
own calculator to the lectures and exams, and learn how to use it.
OPTIONAL
: Dünya, The Wall Street Journal Europe, Ekonomist.
These publications are a good way to begin a lifelong pattern of professional reading. We
will be discussing significant financial events as they occur.
COURSE OBJECTIVES : The course is intended to provide:
 An overview of basic concepts and principles of financial management, with particular emphasis on risk, rates of
return, and valuation.
 An overview of contemporary financial events as they occur.
 The opportunity to use spreadsheets and business calculator in a financial management setting.
COURSE REQUIREMENTS:
Fundamentals of Corporate Finance textbook and an electronic calculator are necessities in this course.
Homeworks and cases should be handed in on the assigned date, late homeworks will not be accepted.
Students should bring their own calculator, pencils and erasers to the exams.
EXAMS
:
There will be one midterm plus a comprehensive final exam.
Exam Dates will be posted in class
CASE STUDIES and HOMEWORK ASSIGNMENTS:
4 Case Studies will be given after the lectures of the related topics. End of chapter questions will be given as homework
assignments although they are not counted towards your final grade, I strongly encourage you to solve these questions
before taking exams.
TERM PROJECT
: (Weight 20%)
Read carefully, Chapter 4 Measuring Corporate Performance, you will be assigned a company where the annual report
can be reached by a little research, than apply the financial ratios covered in Chapter 4, to the company.
Analyze the company from Performance, Profitability, Efficiency, Leverage, Liquidity, and Growth Measures point of
views by using the ratios and comment on the results that you will reach. Use the Table 4-7 at page 96 for the ratio
calculations. Answer to the question “Whether you invest to the firm selected or not and Why?”
The Format:
1. Introduction – A brief information about the current macro economic conditions in Turkey, industry of the listed
company and company analysis. Single sheet example covering the summary of a sample company’s information
can be found at www.baskent.edu.tr/~gurayk İşletme Finansı section under ECYAP FINANCIAL STATEMENT
ANALYSIS SAMPLE - Word Dosyası
2. Analysis of the financial statements using the ratios. (Show all the computations).
3. Comments and Conclusions.
Due Date: January 4-5-6 (No Exceptions)
GRADES
: Grades will be based on the following weights:
Midterm Exam
40%
Final Exam
40%
Term Project
20%
CLASS SCHEDULE
:
The following schedule gives the reading and homework assignments, and case studies. The lectures will stress the most
important and/or most difficult material. Of course, your comprehension of the lecture will be enhanced if you read the
chapters before covered in class.
LECTURES and TOPICS
Lecture 1 September 28-29-30
Mini Case 1
Intro. to Corp. Finance(Chp1, 2 and 3)
Lecture 2 October 5-6-7
Time Value of Money (Chp 5)
End of Chapter Questions 4, 5, 7, 16, 20, 22, 24, 38, 39, 40, 48, 49, 60, 63, 64, 67
Lecture 3 October 12-13-14
Valuing Bonds (Chp 6)
End of Chapter Questions 1, 3, 6, 7, 9, 11, 18, 20, 23, 25, 29
Lecture 4 October 19-20-21
Valuing Stocks (Chp 7)
End of Chapter Questions 2, 4, 6, 7, 11, 15, 16, 19, 21, 24, 26, 29, 40, 43
Mini Case 2
Lecture 5 October 26-27-28
NPV and Investment Criteria (Chp 8)
End of Chapter Questions 1 thru 12, 18, 22, 26, 37 and an in-class assignment
Lecture 6 November 2-3-4
End of Chapter Questions 21, 24, 30
Mini Case 3
Disc. Cash Flow Analysis (Chp 9)
MIDTERM Chps 1 thru 9 at the 2nd week of November 8 thru 13, exact date will be posted in class
No classes on November 16-17-18
Lecture 7 November 23-24-25
Project Analysis (Chp 10)
End of Chapter Questions 4, 6, 7, 10, 11, 15, 17, 20
Lecture 8 November 30 - December 1-2 Int.Risk,Ret., and Cost of Capital (Chp 11)
End of Chapter Questions 17, 18 and in class assignment
Lecture 9 December 7-8-9
Risk, Return and Capital Budgeting (Chp 12)
End of Chapter Questions 6, 8, 9, 19, 21, 26, 27, 29
Lecture 10 December 14-15-16
The Weighted Ave. Cost of Capital (Chp 13)
End of Chapter Questions 5, 8, 10, 11, 16, 17, 18
Mini Case 4
Lecture 11 December 21-22-23
End of Chapter Questions 1, 5, 15, 16, 33
Debt Policy (Chp 16)
Lecture 12 December 28-29-30
Payout Policy (Chp 17)
SERMAYE SİSTEMİ - Bedelli, Bedelsiz ve Temettü Dağıtımında Hisse Senedi Fiyatlaması
End of Chapter Questions will be appointed in class
Lecture 13 January 4-5-6
General Overview of the lectures given through-out the semestre.