FIN 357 - McCombs School of Business

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FIN 357 BUSINESS FINANCE Fall 2014

PROFESSOR: MARY LOU POLOSKEY

OFFICE: GSB 5.176E

OFFICE HOURS: Mon. 1:30 – 3:30, Wed. 4:30 – 5:30 and by appointment

Section #: 03660 Time: TTh 12:30 – 1:45

03680 TTh 3:30 – 4:45

E-Mail: poloskey@swbell.net

Room: SZB 370

Room: UTC 1.102

REQUIRED :

(1)

Fundamentals of Corporate Finance , 2 nd edition, by Parrino, Kidwell & Bates-

Text

& Access to WileyPlus is Required

Wiley PLUS and TEXT SET

Binder Ready w/Wiley PLUS http://edugen.wileyplus.com/edugen/class/cls409980/

978-1-118-27752-2

978-1-118-25223-9 to purchase on-line - copy and paste the entire url into your browser (hardcopy & binder versions only). If you want to purchase the E-version directly from Wiley, you will be directed to do this on Wileyplus.com when the open period ends.

(2) Calculator (HP10BII is the required calculator for Accounting & Finance classes)

OPTIONAL:

(1) Notes-for Poloskey’s class posted on Canvas.

COURSE DESCRIPTION AND OBJECTIVES:

Finance 357 introduces concepts and analytical techniques to identify and solve financial management problems. It serves as a basis for all other courses in the area of finance as well as provides those basic tools which every business student will need to be successful in her/his chosen career. Those students majoring in marketing, management, accounting, international business and management information systems, as well as those going further in the study of finance, will find this material an essential part of their business education. These tools and techniques will also provide the basic tools to make personal financial decisions.

PREREQUISITES :

Several Prerequisites apply for this course and are listed in the Course Schedule . Due to heavy demand for this course, the prerequisites will be strictly enforced .

COURSE ROUTINE:

This course uses a discussion and problem-solving format. You are encouraged to discuss issues and solve application problems in class . Powerpoint slides used in the lectures can be found on Blackboard. Supplementary materials and examples will be passed out in class.

You will find these discussions most useful if you prepare in advance by doing all readings and attempting homework problems before coming to class, then participate in the class by asking questions, seeking clarifications, volunteering information, and responding to the instructor's requests for discussion.

GRADING:

Through this course, the Department of Finance Faculty challenges you to meet a high academic standard. To meet the newly developed UPO grading guidelines for undergraduate business core courses, the instructor will target a G.P.A. of approximately 3.1 in this class.

Your semester grade will be determined objectively using the following assessments and weights:

3 exams (30% each) 90 %

Homework Assignments 10 %

TOTAL 100 %

All grading will be determined using both an expected GPA curve and your instructor's own high standards of meritorious performance.

EXAMINATIONS:

IMPORTANT : Bring #2 lead pencils, a calculator, and your current UT ID card to all exams!

During the semester you will take two closed-book exams, scheduled during class periods and the third exam during the finals period. These exams will test the student’s ability to solve problems, understand concepts and theories, and analyze current events. The dates are listed on the schedule. The exams will consist of multiple choice, short answer and problem solving questions.

Each student must take the exams at the time scheduled for their class, including the third exam during the final exam period. The time and date is listed in the schedule section of this syllabus and is the date and time listed in the UT course schedule for your specific class time.

NO MAKE-UPS or EARLY EXAMS WILL BE GIVEN.

You are required to take all exams.

If dire and irreconcilable conflicts preclude your taking the first or second exam, contact your Professor before the exam. You will then take a comprehensive final during your classes 3 rd exam time and the additional course weight will be

placed on the comprehensive final. No make-up exams will be given. All students must take the final at the scheduled time.

Exam scores will be posted on Canvas.

After each exam is graded, the student will have two weeks to review the exam during office hours. Exams will no longer be available after the two week review period has passed.

ACADEMIC HONESTY

The McCombs School of Business has no tolerance for acts of scholastic dishonesty. The responsibilities of both students and faculty with regard to scholastic dishonesty are described in detail in the BBA Program’s Statement on Scholastic Dishonesty at http://www.mccombs.utexas.edu/BBA/Code-of-Ethics.aspx

. By teaching this course, I have agreed to observe all faculty responsibilities described in that document. By enrolling in this class, you have agreed to observe all student responsibilities described in that document. If the application of the Statement on Scholastic Dishonesty to this class or its assignments is unclear in any way, it is your responsibility to ask me for clarification. Students who violate University rules on scholastic dishonesty are subject to disciplinary penalties, including the possibility of failure in the course and/or dismissal from the University. Since dishonesty harms the individual, all students, the integrity of the University, and the value of our academic brand, policies on scholastic dishonesty will be strictly enforced. You should refer to the Student

Judicial Services website at http://deanofstudents.utexas.edu/sjs/ to access the official

University policies and procedures on scholastic dishonesty as well as further elaboration on what constitutes scholastic dishonesty.

CANVAS:

The class uses Canvas Learning Management System. https://utexas.instructure.com/

The Undergraduate Business Dean provides the following notice:

Password-protected class sites will be available for all accredited courses taught at The University. Syllabi, handouts, assignments and other resources are types of information that may be available within these sites. Site activities could include exchanging e-mail, engaging in class discussions and chats, and exchanging files. In addition, class e-mail rosters will be a component of the sites. Students who do not want their names included in these electronic class rosters must restrict their directory information in the Office of the Registrar, Main Building, Room 1. For information on restricting directory information see: http://www.utexas.edu/student/registrar/catalogs/gi02-03/app/appc09.html

CALCULATORS:

A calculator with exponent and root functions will be necessary to work the problems on the examinations and at the end of the chapters. A financial calculator is not required for this course but you may wish to begin using one at this time. The Accounting and Finance

Departments require the Hewlett Packard 10BII and I will give instructions on how to use this calculator on all example problems during class. Present value/Future value tables will be

furnished with the examinations. You cannot share calculators with others during exams.

Always bring your calculator to class; at times we will be working problems.

GRADED HOMEWORK PROBLEMS:

This class will use the graded homework questions posted on WileyPlus. You must pay a fee and register for WileyPlus (See the end of the syllabus for instructions), to access the online homework. If you buy a hard copy or binder version of the text , you must buy the bundle that includes WileyPlus.

(DO NOT THROW AWAY THE CARD with the ACCESS CODE that comes shrinkwrapped with your text) You could also choose to use the online text that is bundled with WileyPlus. You should do the graded problems and submit those by the date and time listed on the WileyPlus site. You will get 3 attempts to get credit for the correct answer.

They will be graded & you will be able to view your grade & get an explanation of questions missed. You can work on these problems in groups, but each student must work-out & submit their own homework questions to be graded. You will have a homework assignment for each chapter. Your lowest homework grade will be dropped and the remaining grades averaged for

10% of your grade. There are no make-ups and homework submitted after the due date will not be accepted. A homework appeal process will be explained during class.

COURSE ATTENDANCE:

Course attendance is important. Supplemental material, particularly current event articles will be distributed and discussed in class. In addition, announcements regarding changes or additions to course policies will be announced during class.

By UT Austin policy, you must notify me of your pending absence at least 14 days prior to the observance of a religious holy day. If you must miss a class, assignment or examination in order to observe a religious holy day, you will be given an opportunity to complete the missed work within a reasonable amount of time.

OTHER POLICIES:

Consistent with the policy of the Department of Finance, the use of computers and other electronic devices in class is generally prohibited. Please note that accessing the internet, recreational programs, or e-mail and messaging without prior consent of the instructor is

strictly forbidden.

Any student with a documented disability who requires academic accommodations should contact the Services for Students with Disabilities of the Division of Diversity and

Community Engagement at 471-6259 http://www.utexas.edu/diversity/ddce/ssd/

as soon as possible to request an official letter outlining authorized accommodations.

Occupants of buildings on The University of Texas at Austin campus are required to evacuate buildings when a fire alarm is activated. Alarm activation or announcement requires exiting and assembling outside. Students requiring assistance in evacuation shall inform their instructor in writing during the first week of class. In the event of an evacuation, follow the instruction of faculty or class instructors. Do not re-enter a building unless given instructions by the following:

Austin Fire Department, The University of Texas at Austin Police Department, or Fire

Prevention Services office. Link to information regarding emergency evacuation routes and emergency procedures can be found at: www.utexas.edu/emergency

Behavior Concerns Advice Line (BCAL): 512-232-5050

SCHEDULE

This is a proposed schedule for the semester. The Tests will be given on the dates listed. Any changes to the schedule will be announced in class.

W EEK D ATE

1

T OPIC

8/28 Course Overview

2

9/2

9/4

Chapter 1/2

Chapter 3

3

9/9

9/11

4

9/16

9/18

5

9/23

9/25

Chapter 6

Chapter 7

Chapter 7/8

Chapter 8

Review

E XAM 1

6

7

9/30

10/2

10/7

8

10/9

10/14

10/16

9

10/21

10/23

10

10/28

Chapter 9

Chapter 9/10

Chapter 10

Chapter 11

Chapter 11/12

Chapter 12/13

Chapter 13

Review

EXAM 2

10/30

11

11/4

11/6

12

11/11

11/13

13

11/18

11/20

14

11/25

11/27

15

12/2

12/4

Chapter 15

Chapter 15/16

Chapter 16

Chapter 17

Chapter 17/18

Chapter 18

Chapter 20

Chapter 20/4

Thanksgiving Holiday

C HAPTER 4

Review for Final / Course wrap-up

FINAL: Section 03660 – Tues. Dec 16, 9:00-noon

Section 03680 – Mon. Dec 15, 9:00-noon

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