Principles of Managerial Finance FIN 340 JA Fall 2015 Bill Blackerby [email protected] 517-467-5546 Course Description Managerial Finance develops students as active financial analysts, planners and decision-makers at the operating and strategy levels. Applying their Accounting and Economics knowledge, students address financial analysis, capital budgeting, long term financing and working capital management—all with the aim of maximizing resource efficiency and effectiveness. This course considers the financial consequences of marketing and management decisions, and emphasizes increased market globalization and online information access. Students are strongly urged to take Macroeconomics before or with FIN 340. Course Prerequisites Accounting Principles II and Introductory Statistics Text M: Finance, 3rd Edition, by Cornett, Adair and Nofsinger (McGraw-Hill, 2014) ISBN: 978-0-07-786177-3. Our text is in both print and electronic forms. Our classroom provides notebooks to access any online text. Required Materials Every class, bring a financial calculator. The Texas Instrument BA II is affordable and capable. Also, TI-83, Inspire and their cousins work. Contact me before buying anything expensive. Along with Word and Excel, you need reliable internet access. Please tell me now if you lack these resources. Let’s test any phone app financial calculator before selecting that tool. Course Objectives You will 1. Analyze and evaluate a firm’s finances—from internal, industry and market perspectives. 2. Develop your financial decision making skills—both business and personal finances. 3. Consider financial management plans, policies and practices in light of ethics and integrity, as well as value creation. 4. Communicate, effectively, in the language of finance. Course Elements, Methods and Design E-College: visit www.sienaonline.org and rely on your E-College study guides to make the most of your learning time and effort. Not all material is of equal value. Rather than randomly generate test and quiz questions or problems, I use E-College study guides to personally write your questions, problems and take home essays Text: was specifically selected for this compressed, 8 week, course format. . Exams and Quizzes: are closed book with unlabeled formula menus provided. True-false, multiple choice and matching term questions come directly from your text. The problems are similar to those worked in class. At least 24 hours before class, tell me which key terms, techniques and concepts are particularly interesting or cause confusion or concern. I welcome your feedback. Work your problems before class and practice them again before exams or quizzes. You will only see short essay questions or problems on your exam that we discussed or solved earlier in class. Group Bonus: together, you and I will select an interesting corporation for your semester. You will construct a portfolio from these stocks. The better your portfolio performs, the more bonus points you earn. Business Administration Program Outcomes a. Communication—ability to express ideas in writing, verbally and visually b. Creativity—ability to develop original ideas or use common solutions in uncommon ways c. Analytical ability—effectively separate a complex problem or situation into its component parts in order to identify solutions d. Integrative thinking—ability to detect interrelationships among components and assess their importance in creating solutions e. Ethical integration—ability to examine decisions in light of ethical and corporate social responsibility principles as well as their effects on stakeholders worldwide Managerial Finance focuses on communication, analytical ability and ethical integration. Your short essay “take home” responses will reflect your degree of outcome or learning skill mastery. Course Grading Midsemester Exam Final Exam Best Exam Quizzes Portfolio Bonus Total 100 points 100 100 200 0-20 500 A= 91% B= 81% C= 71% D= 61% Academic Accommodations If you need an accommodation based upon your disability, please contact me right away for an appointment. Together, we can discuss the course format, anticipate your needs and explore possible accommodations. I rely on the Office for Students with Disabilities to verify your need and developing accommodations. If you have not registered with this office, do so now. Just a reminder, accommodation requests are not retroactive. Mission The mission of Siena Heights University, a Catholic University founded and sponsored by the Adrian Dominican Sisters, is to assist people to become more competent, purposeful, and ethical through a teaching and learning environment which respects the dignity of all. Course Rules Initiative--Contact me as soon as you experience any problems. Email combined with phone works well. Meetings are even better. The remaining rules are designed to make yours a fair learning experience and to prevent you from falling behind this semester. Best Exam—Take both exams on time and your best grade counts twice. Make-up Exam—Contact me within 24 hours of any missed exam. With valid reason we can schedule a make-up test. Make-ups: o may vary from the original o will not be curved o nullify double counting of your best exam grade If you miss the scheduled final, you will receive an incomplete grade for the semester and your make up will take place in early January. Quizzes— a missed quiz is a zero grade. However, you have one quiz grade to drop without affecting your overall grade. Any take home assignment, exam or quiz, is due by 6 pm that Tuesday night. Professionalism—Do your best to arrive on time and prepared, also stay until our class ends. You will be treated as mature adults and aspiring professionals. I promise. Cheating—Unfair use of another’s work earns you a zero grade on the first offense and course failure for a second offense. I am asked to report all cheating to the Academic Dean as well.