1. J. Berk, P. DeMarzo, and D. Stangeland, Corporate Finance, Canadian Edition, Pearson Canada, 2010

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1 UNIVERSITY OF MANITOBA I.H. ASPER SCHOOL OF BUSINESS DEPARTMENT OF ACCOUNTING AND FINANCE FIN CORPORATION FINANCE (3 credit hours) Section: A Tuesdays & Thursdays 2:30 pm - 3:45 pm Drake Centre 103 Section: A Tuesdays & Thursdays 4:00 pm - 5:15 pm Drake Centre 103 Instructor: Shishir Singh Office: 672 Drake Telephone: singh7@cc.umanitoba.ca Office Hours: 3:00 PM 4:00 PM Mondays and Wednesdays, and by appointment PREREQUISITES & COREQUISITES: Required Prerequisite: Intro. Financial Accounting ACC 1100 (formerly 9.110); Principles of Economics ECON 1200 (formerly ) Required Co-requisite: Basic Statistical Analysis I STAT 1000 (formerly 5.100) Note: All students are required to have completed Calculus and Linear Algebra before entering the Bachelor of Commerce program through track 1; track 2 students are to have completed these courses immediately upon entry into the Bachelor of Commerce program. Knowledge of Calculus and Linear Algebra is assumed and required for FIN Non-Commerce students who do not have this background are encouraged to consult with the professor as needed when concepts from these subjects are used in class. COURSE OBJECTIVE: This course introduces students to the fundamentals of finance and presents theories and tools to be used in addressing corporate finance problems and issues. REQUIRED MATERIALS: 1. J. Berk, P. DeMarzo, and D. Stangeland, Corporate Finance, Canadian Edition, Pearson Canada, Financial Calculator: TI BAII Plus or HP 10bII (I will use and refer to TI BAII Plus in class) OPTIONAL MATERIALS: MyFinanceLab: MyFinanceLab is not required but highly recommended. MyFinanceLab software allows you to practice course material essentially without limit. The software will also identify topics you still have to work on and will create your personalized study plan. Note that your course grade will NOT be affected by your scores on the MyFinanceLab. There are a few options available to you. You can buy the new textbook with the student access code from the Book Store. You can also buy the access code with a full e-text without buying the hard copy (see instructions below). 1

2 How to Register and Enroll in Your MyFinanceLab Course To join your instructor's course, please complete the following two steps: 1. REGISTER for MyFinanceLab, and, 2. ENROLL in your instructor's course To Register for MyFinanceLab To register, you will need a student access code and a course ID. If you don't have an access kit, you can purchase access online at will have the choice to purchase access with or without a full etext. Once enrolled in your professor's course, you will also have the option to purchase a discounted version of your text. Textbook: Berk/DeMarzo/Stangeland, Corporate Finance, Canadian Edition Course Name: Corporation Finance Course ID: XL0K-I Y-7R22 Steps to Register: 1. Go to and click the Student button, in the Register section. 2. Enter the course ID, XL0K-I Y-7R22 and click Next. 3. Choose to register an access code (came with your new book) or purchase access if you don t have an access kit/code. 4. Click the button to proceed to registration. 5. Follow the instructions to create your account. 6. Click the link to login. You ll be directed to where you can enter the user name and password you just created. Click the login button. 7. The first time you enter the site you ll be asked to enter your course ID. Enter your course ID, XL0K-I Y-7R22. To log into MyFinanceLab 1. Go to 2. Enter the user name and password you just created, and click Log In (or hit the enter key). If you purchased access, visit the Textbook Resources inside your Instructor's Course for additional purchase options. Need Help? For assistance, please visit I will not advise on how to use MyFinanceLab resources. Note: All communication with me should be done only through Angel. GRADING AND EXAMINATIONS: Final grades are based on the student s weighted mark and performance relative to other students. Assignments available on ANGEL ( No grade Quizzes Midterm Exam available on ANGEL ( Friday, November 5, 2010, room and time TBA 15% 40% Final Exam location and time TBA 45% Most supplemental material to the course (lecture notes, assignments, text book solutions, old exams, etc.) will be available on the course s ANGEL site. Students are responsible for checking ANGEL and download the relevant material before each class. Follow the instructions below to log on to ANGEL: 2

3 1. On the University of Manitoba homepage ( click on current students. 2. On the current students page, click on ANGEL learning under Online Services. 3. Log into ANGEL using your UMnetID (formerly called your ccu account) account. You must have previously claimed your UMnetID account in order to log into ANGEL. If you have not done so, claim your UMnetID account by clicking on the Claimid website link. If you are having problems logging into your course visit the Accounts Office in 010 Dafoe Tunnel, contact the support desk by phone (204) or 4. Once logged on to your ANGEL page, click on the FIN 2200 course title. For more information on how to use ANGEL read Student Quickstart Guide at Assignments: Assignments will be provided regularly throughout the course. These assignments are meant to be learning experiences and to help to prepare students for quizzes and examinations. They are NOT to be handed in; rather, you will take a quiz based on the contents of the assignment. Group work is encouraged. Students experiencing difficulties with assignments are further encouraged, after thoroughly reading the text and reviewing class notes, to contact their instructors for assistance (see office hours). All assignments are to be accessed through the course Angel site. Instructors will announce in class when the assignments are to be posted on the course Angel site. Tentative availability dates (as of 12:05 a.m. on the date stated) are as follows: Assignment Date Available Material Covered Assignment #1 September 9 Chapter 3 Assignment #2 September 16 Chapter 4 Assignment #3 September 23 Chapters 5, 5A, 8, 8A, 9 Assignment #4 October 19 Chapters 6, 7, 7A Assignment #5 November 2 Chapters 10, 11 Assignment #6 November 23 Chapter 12 Assignment #7 November 30 Chapters 14, 15, 16 Quizzes: The two primary objectives of the quizzes are: 1. to encourage students to make use of the available resources to enhance success in the course; and 2. to test students ability to apply new concepts. All quizzes are accessed and completed through the course Angel site. Each quiz is drawn from the material of the prior issued assignment, but will not be identical. Instructors will announce in class when the quizzes are to be posted on the course Angel site. Students will have approximately a 24 hour window in which to complete the quiz, but will have a limited time to do so within the 24 hour window (See quiz instructions). Tentative availability dates (as of 12:05 a.m. on the date stated) are as follows: Quiz Date Available Material Tested Quiz #1 September 17 Chapter 3 Quiz #2 September 24 Chapter 4 Quiz #3 October 4 Chapter 4, 5, 5A Quiz #4 October 18 Chapter 8, 8A, 9 Quiz #5 November 1 Chapters 6, 7, 7A Quiz #6 November 22 Chapter 10, 11 Quiz #7 November 29 Chapter 12 Quiz #8 December 6 Chapter 14, 15, 16 3

4 Students are not allowed to miss a quiz or examination unless a valid medical excuse is provided. Students with valid medical excuses must complete and submit the Medical Absenteeism Form attached at the end of this syllabus. Both the student and the attending physician must sign this document otherwise the excuse will be deemed invalid. There will be no make-up examinations or quizzes. Students who miss a component and have a valid medical excuse will have the weight of that component added to the final examination. Students who miss a component without a valid medical excuse will receive a mark of 0% on that component. Exams: Formula sheets will not be provided for the examinations. Instead, students are permitted to bring in one 8.5 by 11 inch sheet of paper on which they can write anything on both sides. You should begin preparing your formula sheet immediately. Formula sheets must be hand written (both sides permitted). NO word-processed or photocopied material is allowed on your formula sheet. Improper formula sheets will be confiscated; offending students will be allowed to complete the exam without any formula sheet. After the exam, offending students will be referred to the Dean s office on a violation of academic integrity. TENTATIVE COURSE SCHEDULE: You will find that the course progresses quickly and the material covered builds on earlier material. It is important to stay current in your studies otherwise you will not understand the new material as it is presented. If you read the text in advance of the relevant classes, you will have a much better chance of understanding the material as it is taught. It is the student s responsibility to read the assigned material prior to the relevant class. Lecture Topic Chapter Chapter 1 is a self-study. Students who have forgotten 1,2 the material from the prerequisite accounting course, ACC 1100, are responsible for reading Chapter 2 on their own. This knowledge is assumed; it will not be covered in class. Sep Arbitrage and Financial Decision Making 3 (omit 3.7) Sep Time Value of Money, Interest Rates 4,5, 5A (appendix) Oct Valuation of Bonds and Stocks. Basic Principles 8, 8A,9(omit ) Market Efficiency Oct Capital Budgeting 6 (omit EVA in 6.2), 7 (omit 7.3), 7A Nov Risk, Return, and Portfolio Theory 10,11 Friday, Nov. 5 Midterm: time and location TBA 1, 2, 3, 4, 5, 5A, 6, 7, 7A, 8, 8A, 9 Nov. 17 Last date to voluntary withdraw Nov Capital Asset Pricing Model (CAPM) 12 (omit ) Nov.30-Dec. 2 Capital Structure 14 (omit ), 15 (omit 15.5), 16 (omit 16.8) Dec.7 Options, Futures and Forwards 20 (omit 20.5), 30 (only Hedging with Futures ) TBA Final Exam: 3 hours Cumulative 4

5 ACADEMIC INTEGRITY: It is critical to the reputation of the I. H. Asper School of Business and of our degrees, that everyone associated with our faculty behaves with the highest academic integrity. As the faculty that helps create business and government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this trust. Page 28 of the University of Manitoba General Calendar addresses the issue of academic dishonesty under the heading "Plagiarism and Cheating". Specifically, acts of academic dishonesty include, but are not limited to: using the exact words of a published or unpublished author without quotation marks and without referencing the source of these words duplicating a table, graph or diagram, in whole or in part, without referencing the source paraphrasing the conceptual framework, research design, interpretation, or any other ideas of another person, whether written or verbal (e.g., personal communications, ideas from a verbal presentation) without referencing the source copying the answers of another student in any test, examination, or take-home assignment providing answers to another student in any test, examination, or take-home assignment taking any unauthorized materials into an examination or term test (e.g., crib notes) using any unauthorized materials in an examination or term test (e.g., crib notes) impersonating another student or allowing another person to impersonate oneself for the purpose of submitting academic work or writing any test or examination stealing or mutilating library materials accessing tests prior to the time and date of the sitting changing name or answer(s) on a test after that test has been graded and returned submitting the same paper or portions thereof for more than one assignment, without discussions with the instructors involved. Group Projects and Group Work: Many courses in the I. H. Asper School of Business require group projects. Students should be aware that group projects are subject to the same rules regarding academic dishonesty. Should a violation occur, group members are jointly accountable unless the violation can be attributed to a specific individual(s). Some courses, while not requiring group projects, encourage students to work together in groups (or at least do not prohibit it) before submitting individual assignments. Students are encouraged to discuss this issue as it relates to academic integrity with their instructor to avoid violating this policy. In the I. H. Asper School of Business all suspected cases of academic dishonesty are passed to the Dean's office in order to ensure consistency of treatment. 5

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FINN FINANCIAL MANAGEMENT Spring 2014

FINN FINANCIAL MANAGEMENT Spring 2014 FINN 3120-004 FINANCIAL MANAGEMENT Spring 2014 Instructor: Sailu Li Time and Location: 08:00-09:15AM, Tuesday and Thursday, FRIDAY 142 Contact: Friday 272A, 704-687-5447 Email: sli20@uncc.edu Office Hours: