Stacy Davis Pearson Higher Education M: E:

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1 University of Southern Indiana Finance (CRN: 50920) Business Finance Fall 2017 Class Meeting: TR 12:00-1:15 (BE 0005) Instructor: Jong C. Rhim Office: BE 2067 Office Hours: 9:00-10:30 pm, TR; other times by appointment Phone: (812) Pearson Staff for Technical Support (Contact Stacy Davis) Stacy Davis Pearson Higher Education M: E: Required Text: Eakins/McNally, CFO (MyFinanceLab included) NEW Corporate Finance Online -- Access Card Stanley Eakins William McNally ISBN-10: ISBN-13: Publisher: Prentice Hall Copyright: 2014 You are encouraged to spend time each week reading the Wall Street Journal, Business Week, Forbes, and other business publications to help relate course material to the current business environment. See Student Registration Handout for FIN Fall 2017 on page 5 (also at USI BlackBoard Course Website - MyFinanceLab) Financial Calculator: A business financial calculator is required. There are several brands available; prices range from about $30 to about as much as you want to spend. At the minimum, your machine should be able to solve for a present value, future value, annuity payment, interest rate, and number of time periods. TI BAII Plus will be used in the classroom for demonstration purpose. Other Supplements: Pearson s MyFinLab is also required. Course Description: The methods utilized by corporations in securing and utilizing capital. Major topics of interest include capital budgeting, cost of capital, capital structure, and characteristics of alternative forms of capital. Prerequisites: ACCT 202 (can be taken concurrently) and ECON 265. It is the responsibility of students to ensure that all course pre-requisite requirements are met prior to enrolling in this course. Students are 1

2 subject to administrative removal from the course if, at any time, it is determined that course pre-requisites have not been met. Credit Hours: 3 Hours Course Learning Outcomes: Upon completion of this course, students should be able to: 1. Articulate the (ethical) role of the financial manager 2. Perform basic financial ratio analysis 3. Apply the time value of money 4. Perform valuation of financial securities (stocks and bonds) 5. State the effects of financial leverage on company performance 6. Estimate the cost of capital 7. Apply the Capital Asset Pricing Model 8. Apply basic capital budgeting techniques COB Skill Development: In addition to introducing the principles of financial management, this course will help students to develop analytical problem solving skills. Program Learning Outcomes: The Finance Program has the following set of learning outcomes related to the content area. The table below shows how these program learning objectives are mapped to this course learning outcomes: Finance Program Learning Outcomes FIN 305 Course Objectives Time Value of Money 3 Financial Analysis 2 Capital Budgeting 8 Financial Leverage and Capital Structure 2, 5, 6 Management Cost of Capital Estimation 6 Asset Valuation 4 Financial Markets and Institutions 1 Financial Derivatives n/a International Financial Management n/a Risk-Return Trade-off and Risk 6, 7 Management Access to Course Material: This course materials are available in Pearson s MyFinanceLab and USI Blackboard system. Pearson s MyFinanceLab (see Multimedia Library and Chapter Resources) includes an access to most course materials including etext, chapter outline, financial calculator, set of exercise questions and problems at the end of each chapter from the textbook, videos, animations, spreadsheets, and weblinks. All chapter review homework assignments and tests will also be administered via MyFinanceLab. You may find dates for availability and due of homeworks and test from Assignment Schedule on the last page of this syllabus. Solutions will be available for student s review after the due of homework assignments and tests. Course Webpage on USI Blackboard (see Course Materials) contains PowerPoint slides and solutions to End-of-Chapter questions and problems. 2

3 Although course materials are posted and delivered online, students are encouraged to communicate with the instructor via will be responded within 48 hours during work days. Grading % A 86-89% B % B 76-79% C % C 66-69% D % D Below 60% F Basis for Grades Exam I 10% 60 pts (R-F, 9/7-8) Exam II 15% 90 pts (R-F, 10/12-13) Exam III 25% 150 pts (R-F, 11/2-3) Exam IV (Final) 25% 150 pts (R-F, 12/7-8) Homework Assignments 25% 150 pts 100% 600 pts Exams: No make-up exams will be given. If you are going to miss an exam due to unexpected personal urgency and official school functions, please contact me so that arrangements can be made. The makeup exam may not necessarily have the same format as the actual exam, and the student should expect the level of difficulty to be significantly higher. Important Dates: October 20 (Friday) is the last day to drop a class or withdraw from the university without evaluation. Attendance: All students are expected to attend class regularly and punctually. While students are strongly encouraged to attend class, there will be no explicit grade given for attendance. However, it could prove critical in determining the final grades. Also, consistent punctual attendance, participation in class discussions, careful attention to the course material, and preparedness before coming to class should greatly and logically improve your grades. Academic Misconduct: Review the Student Rights and Responsibilities section of USI s Bulletin and the University Handbook that outline definition of academic misconduct and disciplinary action. The policies cover a variety of forms, including cheating, fabrication, and plagiarism. Make sure you turn off cell phones during class and during exams. Professional Demeanor: Students are to act in a professional manner. Cell phones should be turned off before class starts and should remain off during lecture time. Having a conversation with a classmate during lecture time on any topic, including course material is considered a disruptive behavior and will not be tolerated. Any questions and/or comments should be strictly directed to the instructor. All deadlines for assignments and projects should be respected. Late work will not be accepted and therefore, will result in a zero. Available Support Services: The University Division provides tutoring services through Academic Skills located in room ED 1111A. More details are provided at the following link: 3

4 Students with Disabilities: If you have a disability for which you may require academic accommodations for this class, please register with Disability Resources (DR) as soon as possible. Students who have an accommodation letter from DR are encouraged to meet privately with course faculty to discuss the provisions of those accommodations as early in the semester as possible. To qualify for accommodation assistance, students must first register to use the disability resources in DR, Science Center Rm. 2206, , To help ensure that accommodations will be available when needed, students are encouraged to meet with course faculty at least 7 days prior to the actual need for the accommodation. However, if you will be in an internship, field, clinical, student teaching, or other offcampus setting this semester please note that approved academic accommodations may not apply. Please contact Disability Resources as soon as possible to discuss accommodations needed for access while in this setting. Title IX Policy: USI does not tolerate acts of sexual misconduct, including sexual harassment and all forms of sexual violence. If you have experienced sexual misconduct, or know someone who has, the University can help. It is important to know that federal regulations and University policy require faculty to promptly report incidences of potential sexual misconduct known to them to the Title IX Coordinator to ensure that appropriate measures are taken and resources are made available. The University will work with you to protect your privacy by sharing information with only those who need to know to ensure we can respond and assist. If you are seeking help and would like to speak to someone confidentially, you can make an appointment with a counselor in the University Counseling Center. Find more information about sexual violence, including campus and community resources at Career Advising: Students are encouraged to see their advisors for career advising information. This is especially important to keep on-track in meeting their graduation objectives. Policy: All s that are not properly addressed, professionally written, or sent to the wrong address, will not be responded to. s that meet the above requirements will be answered within 48 hours. Please be specific in your questions so you may receive specific answers. Note: The instructor reserves the right to make changes to the syllabus as necessary. 4

5 MyLab & Mastering Student Registration Instructions MyFinanceLab To register for FIN Fall 2017 by September 5: 1. Go to 2. Under Register, click Student. 3. Confirm you have the information needed, then select OK! Register now. 4. Enter your instructor s course ID: rhim19837, and click Continue. 5. Enter your existing Pearson account username and password to Sign in. You have an account if you have ever used a Pearson MyLab & Mastering product, such as MyMathLab, MyITLab, MySpanishLab, MasteringBiology or MasteringPhysics. If you do not have a Pearson account, click Create and complete the required fields. Write down your new Pearson username and password to help you remember them. 6. Select an access option. Enter the access code that came with your textbook or was purchased separately from the bookstore. Buy access using a credit card or PayPal account. If available, get a temporary access by selecting the link near the bottom of the page. 7. From the You re Done! Page, Select Go To My Courses. 8. On the My Courses page, select the course name FIN Fall 2017 to start your work. To sign in later: 1. Go to 2. Click Sign in. 3. Enter your Pearson account username and password and click Sign in. 4. Select the course name FIN Fall 2017 to start your work. To upgrade temporary access to full access: 1. Go to 2. Click Sign in. 3. Enter your Pearson account username and password and click Sign in. 4. Select Upgrade access for FIN Fall Enter an access code or buy access using a credit card or PayPal account. 5

6 Tentative Assignment Schedule Finance Fall 2017 Homework/ Test Homework/ Test Week Date Day Topic Chapter Available (12:00am) Due (11:59pm) 1 8/22,24 T,R Introduction to Finance 1 8/21 9/6 (15 points) 2 8/29,31 T,R Financial Statement and Ratio Analysis 2 8/21 9/6 (15 points) 3 9/5, 7 T,R Time Value of Money: Introduction 3 8/21 10/11 (15 points) 3 9/6 W Due: Homework /7-8 R-F Test 1 (90 minutes) 1-2 9/7 9/8 (60 points) 4 9/12 T No Class Assessment Day 4 9/14 R Annuities and Loans 4 8/21 10/11 (15 points) 5 9/19,21 T,R Annuities and Loans 4 6 9/26,28 T,R Introduction to Risk and Return 5 9/18 11/1 (15 points) 7 10/3,5 T,R Portfolio Theory 6 9/18 11/1 (15 points) 8 10/10 T Fall Break No Classes 8 10/11 W Due: Homework /12-13 R-F Test 2 (150 minutes) /12 10/13 (90 points) 9 10/17,19 T,R Interest Rates and Bond Valuations 7 9/18 11/1 (15 points) 10 10,24,26 T,R Stock Valuations and Market Efficiency 8 10/23 12/5 (15 points) 11 10/31,11/2 T,R Stock Valuations and Market Efficiency 11 11/1 W Due: Homework /2-3 R,F Test 3 (210 minutes) /2 11/3 (150 points) 12 11/7,9 T,R Capital Budgeting: Introduction and 9 10/23 12/5 (15 points) Techniques 13 11/14,16 T,R Capital Budgeting: Introduction and Techniques 14 11/21 T The Cost of Capital 11 10/23 12/5 (15 points) 14 11/23 R Thanksgiving No Classes 15 11/28,30 T,R The Cost of Capital 16 12/5 T Course Review 16 12/5 T Due: Homework 8, 9, 11 8, 9, /6 W Study Day No Classes 16 12/7-8 R, F Final Test 4 (210 minutes) 8, 9, 11 12/7 12/8 (150 points) 6