FIN 3110 - Financial Management I. Course Information Course: FIN 3110 - Financial Management Semester Credit Hours: 3.0 Course CRN and Section: 20812 - NW1 Semester and Year: Fall 2017 Course Start and End Dates: 08/21/2017-12/10/2017 II. Instructor Information Professor: Darshana Dilip Palkar Email: dp788@nova.edu Office Hours: Day Time Location TR 12:00pm - 2:00pm Main Campus Carl DeSantis Building 5136 III. Class Schedule and Location Day Date Time Location Building/Room 08/21/2017-12/10/2017 On-line Course - IV. Course Description A continuation of Corporation Finance. Topics include risk and return, cost of capital, capital structure, dividend policy, short-term financial management, and international aspects of financial management. Prerequisite: FIN 3010 V. Learning Outcomes 1) To measure risk and return and explain the trade-off between risk and return. 2) To estimate the cost of capital for performance evaluation and planning purposes. 3) To understand the effects of financial leverage on risk and return. 4) To analyze the impact of taxes and bankruptcy on capital structure choice. 5) To describe the basic trade-offs leading to an optimal capital structure. 6) Analyze the factors that influence dividend policy. 7) To examine how firms manage their cash and identify some of the collection, concentration, and disbursement techniques used. 8) To analyze how firms manage their receivables and the basic components of a firm s credit policies. 9) To differentiate between the types of inventory and the inventory management systems used by firms and explain what determines the optimal inventory level. 10) To examine the essentials of short-term financial planning. Generated: 11/18/2017 Page 1 of 9
VI. Materials and Resources Book Url: NSU Book Store Course Required Texts and Materials: Essentials of Corporate Finance Edition: 8 Authors: Ross, Westerfield, & Jordan ISBN: 9781308848891 Publisher: McGraw-Hill VII. Course Schedule and Topic Outline Course Schedule: WEEK MATERIAL COVERED ASSIGNMENTS Week 1 Aug 21 Aug 27 Ch. 10 Some lessons from Capital Market History Week 2 Aug 28 Sep 3 Week 3 Sep 4 Sep 10 Week 4 Sep 11 Sep 17 Week 5 Sep 18 Sep 24 Week 6 Sep 25 Oct 1 Week 7 Oct 2 Oct 8 Week 8 Oct 9 Oct 15 Week 9 Oct 16 Oct 22 Ch. 11 Risk and Return Ch. 11 Risk and Return (contd.) Ch. 12 Cost of Capital Ch. 13 Leverage and Capital Structure Ch. 13 Leverage and Capital Structure (contd.) Review for Midterm Exam Mid-Term Exam Ch. 14 Dividends and Dividend Policy Discussion 1 due by 11:59 PM on Sunday, Sep 3 Quiz 1 due by 11:59 PM on Sunday, Sep 3 Discussion 2 due by 11:59 PM on Sunday, Sep 10 Quiz 2 due by 11:59 PM on Sunday, Sep 10 Discussion 3 due by 11:59 PM on Sunday, Sep 17 Quiz 3 due by 11:59 PM on Sunday, Sep 17 Discussion 4 due by 11:59 PM on Sunday, Oct 1 Quiz 4 due by 11:59 PM on Sunday, Oct 1 Refer to Midterm Exam Policies Generated: 11/18/2017 Page 2 of 9
Week 10 Oct 23 Oct 29 Week 11 Oct 30 Nov 5 Week 12 Nov 6 Nov 12 Week 13 Nov 13 Nov 19 Week 14 Nov 20 Nov 26 Week 15 Nov 27 Dec 3 Week 16 Dec 4 Dec 10 Ch. 14 Dividends and Dividend Policy (contd.) Ch. 15 Raising Capital Ch. 16 Short-term Financial Planning Ch. 16 Short-term Financial Planning (contd.) Ch. 17 Working Capital Management Ch. 18 International Aspects of Financial Management Review for Final Exam Final Exam Discussion 5 due by 11:59 PM on Sunday, Oct 29 Quiz 5 due by 11:59 PM on Sunday, Oct 29 Discussion 6 due by 11:59 PM on Sunday, Nov 12 Quiz 6 due by 11:59 PM on Sunday, Nov 12 Discussion 7 due by 11:59 PM on Sunday, Nov 19 Quiz 7 due by 11:59 PM on Sunday, Nov 19 Discussion 8 due by 11 PM on Tuesday, Nov 26 Quiz 8 due by 11 PM on Tuesday, Nov 26 Refer to Final Exam Policies VIII. Assignments Course Grade Weights The standard formula for calculating the course average will use the weights for discussions, quizzes, and examinations as follows : Discussions (8) 6% Quizzes (8) 44% Midterm Exam 25% Final 25% Total 100% The deadlines are listed in Section VII of this document. IX. Grading Criteria Undergraduate Grading Criteria: Percentage Letter Grade Description GPA Equivalent Generated: 11/18/2017 Page 3 of 9
95-100 A Excellent 4.0 90 95 A- 3.7 87-90 B+ 3.3 83 87 B Good 3.0 80 83 B- 2.7 77 80 C+ 2.3 72 77 C Satisfactory 2.0 70-72 C- 1.7 68-70 D+ 1.3 60-68 D 1.0 <60 F Failure 0.0 No rounding of scores. X. Course Policies Communication Announcements: All important updates will be communicated through the Announcements section in Blackboard. You are expected to log in daily to ensure that important information is received in a timely manner. Discussion Board: You are encouraged to answer each other s questions to earn discussion points. If you have a question, first turn to the discussion board; chances are the question has been asked and answered there already. I will participate on a regular basis to post any Wall Street Journal articles or other material pertaining to our course. Email: To communicate with me via email, I expect you to use your Nova email account. You can email me directly at dp788@nova.edu. Questions and answers that may be relevant to others in the class will also be posted on the Discussion Board. Deadlines: You are expected to be aware of each assignment deadline as listed on the syllabus under Section VII. Professional Behavior It is expected that students maintain professional behavior as they communicate with their colleagues and instructor on the Blackboard Discussion Board. Discussion Policies I will be posting theory questions and problem sets on the Discussion Board throughout the week. The Discussion Forum questions are set so as to help you understand the material better, to help you prepare for the quizzes and the exams, and to help you to interact with your colleagues. You can think of problem questions posted on the Discussion Board as Generated: 11/18/2017 Page 4 of 9
more practice problems. To earn full points on the Discussion Board, you must make at least three posting prior to the Discussion deadline. These postings can be in the form of (i) answering my questions, (ii) responding to your colleagues questions, or (iii) posting your own questions. Which three you decide to post is entirely up to you. For example, you could solve 3 problems from the same problem set or one problem from three different problem sets or a combination of both. If you provide a solution to a given problem set, for your posting to count, you must upload your working notes. Just posting the final answer does not count as a post. Although the minimum is three postings, it is expected that you answer each discussion question posted on the Discussion Board to improve your understanding of the material. Since the exams consist primarily of problems, failure to work the discussion questions will result in poor exam performance. Remember that the more you participate, the more your colleagues will be encouraged to participate, the more you will learn from this class. All discussions are due by Sunday at 11:59 PM Eastern Time on the date mentioned in Section VII of this document. Late submissions will earn zero points. Quiz Policies All quizzes are due by Sunday at 11:59 PM Eastern Time on the dates mentioned in Section VII of this document. Quizzes submitted within 24 hours after the deadline will earn 50% of the grade. Quizzes submitted more than 24 hours after the deadline will earn zero points. If you wait till the last minute and are unable to take the quiz for any reason you will not be allowed any grace time. You will have ONE attempt to complete the quiz prior to the deadline. You can save some answers and log off and then log back in at another time and continue to take the quiz. Once you hit the Save and Submit button, you will no longer have access to the quiz. Midterm and Final Exam Policies Each exam will be a TIMED exam. You will have tentatively 25-35 questions in each exam. The duration of the exam will be approximately 3 hours. That means, you will have 3 hours from the time you start the exam. The exam will be automatically submitted after 3 hours from the time you start the exam. The exam will open on 6:00 PM Eastern Time on Friday of that exam week and will remain open until 11:59 PM Eastern Time on Sunday of that exam week. You must take the timed exam during this window. If you take the timed exam outside of this window, you will get a grade of zero for that exam. Prepare well for the exam and then once you are ready to take the exam, set aside 3 hours to take the exam. You must turn off your cell phones/pages and emails during the duration of the exam. Once you open the exam, you must take the exam. There will be no re-exam regardless of the circumstances. Make sure you save your answers EVERY TEN MINUTES. Only answers that are saved can be graded. The final exam will be comprehensive. Generated: 11/18/2017 Page 5 of 9
Other Quiz and Exam Policies Although I do not expect academic dishonesty such as cheating or plagiarism in my classroom, the penalty for cheating or plagiarism is least an F for the course. In addition, the case will be referred to the Department Chair and the Office of the Assistant Dean for appropriate disciplinary action. You will receive a grade of ZERO for any missed examination, unless you provide SUBSTANTIAL documentation that you missed the exam because of: 1) Severe personal illness 2) Severe illness, or death, of a parent, sibling, child, or grandparent. 3) Jury or military service 4) A university-sponsored event approved by the Dean of Students 5) Some other reason that is approved in advance by the professor What constitutes substantial documentation? Illness: Note from a physician, PLUS a copy of the bill for medical services rendered Death of Relative: Letter from clergy or physician, and/or copy of obituary Jury or Military Service: Official letter/summons from the governmental body University-sponsored Event: Official documentation from the Dean of Students Prior personal arrangements/plans/vacations/trips that interfere with your ability to complete assignments is a situation for which you must take full responsibility. Therefore, if you must miss any assignment (for reasons such as work situations, pre-planned vacations, trips, etc.), there will be no makeup test or quiz assigned. General Policy: Modifications during the semester I may change particular policies listed on this syllabus during the semester to better enhance learning in this class or to correct typographical errors. All of these changes will be announced on Blackboard. Miscellaneous Policies I will adhere to University policy regarding the assignment of a grade of Incomplete. Unless you are in compliance with University policy, do not ask me to assign a grade of Incomplete. I do not give additional Quizzes or projects to increase one s grade before or after the final exam. Expectations Students should be prepared to dedicate several hours each week to reading the assigned chapters, reviewing the course material uploaded on Blackboard, solving the end-of-chapter problems, solving the discussion questions, solving the assigned quizzes. Staying motivated and managing your time will be critical to your success. XI. College Policies Academic Integrity Generated: 11/18/2017 Page 6 of 9
The university is an academic community and expects its students to manifest a commitment to academic integrity through rigid observance of standards for academic honesty. The university can function properly only when its members adhere to clearly established goals and values. Accordingly, the academic standards are designed to ensure that the principles of academic honesty are upheld. The following acts violate the academic honesty standards: Cheating intentionally using or attempting to use unauthorized materials, information, or study aids in any academic exercise. Fabrication intentional and unauthorized falsification or invention of any information or citation in an academic exercise. Facilitating Academic Dishonesty intentionally or knowingly helping or attempting to help another to violate any provision of this code. Plagiarism the adoption or reproduction of ideas, words, or statements of another person as one s own without proper acknowledgment. Students are expected to submit tests and assignments that they have completed without aid or assistance from other sources. Using sources to provide information without giving credit to the original source is dishonest. Students should avoid any impropriety or the appearance thereof in taking examinations or completing work in pursuance of their educational goals. In support of the Code of Student Conduct, any violations of the Code of Student Conduct and Academic Responsibility and/or university policies and procedures may result in disciplinary action and/or criminal prosecution. Disciplinary action may include, but not limited to, failing the assignment and/or the entire course, academic probation, suspension, or expulsion and are administered initially by the faculty member, who is required to report any incident of misconduct to their department chair and the Office of the Assistant Dean. This code seeks to promote high standards of behavior and academic integrity by setting forth the responsibilities of students as members of the university community. Abiding by the code ensures a climate wherein all members of the university community can exercise their rights of membership. If students have questions about what constitutes academic misconduct before turning in an assignment, they should see their Instructor or the NSU Student Handbook Accommodations for Students with Documented Disabilities: For more information about ADA policy, services, and procedures, students may contact the Office of Student Disability Services at 954-262-7189. Each student with a disability should contact the Office of Student Disability Services prior to the commencement of classes to discuss his or her needs. Last Day to Withdraw: To withdraw from a course, it is not sufficient simply to stop attending class or to inform the instructor of your intention to withdraw. In accordance with college policy, contact your academic advisor to begin the withdrawal process. The last day to withdraw from a course is detailed on the applicable Academic Calendar. Email Policy: All email communications between students and faculty must be conducted via NSU email accounts. This requirement will assist NSU in communicating more effectively and protecting your privacy. Emails sent to faculty from non-nsu accounts will be returned to the sender with instructions to resend the communication from your NSU account. To set up an NSU email account or to get help with an existing account, visit the Computing Help Desk.You may also call the Help Desk at (954) 262-HELP or 1-800-541-6682, ext. HELP (4357). Student Course Evaluations: Student comment and feedback evaluating each college class is an important tool to evaluate program effectiveness. Participation in this process is a responsibility of each student. The university uses electronic evaluations that are completed online. It is important to the faculty and administration that students complete the online evaluation of each course. Students will be notified via NSU email accounts when the evaluation web link is opened (approximately the next-to-last week of the course). At the completion of the term and after instructors submit grades, instructors will receive an anonymous summary of the entire class's evaluation. Student names or ID numbers cannot be identified. Library Resources: Students conducting research for class assignments may use the Alvin Sherman Library, which provides extensive access to print and electronic books and academic/scholarly journals and hundreds of databases in a variety of subject areas with full-text articles, videos, reference books, statistics, company profiles, and general news. Reference librarians are available in person at the Reference Desk as well as by phone (954-262-4613), email, chat, text, and individual appointment to provide instruction on how to identify and use library resources. For times and details, visit the library's Ask a Librarian Generated: 11/18/2017 Page 7 of 9
webpage. Library Guides and Tutorials are also available online. Student Success: All undergraduate students and faculty are encouraged to utilize the Office of Undergraduate Student Success to locate information about university-wide resources designed to promote student success. Generated: 11/18/2017 Page 8 of 9
Sample of Cover Page to be Used for All Assignments Nova Southeastern University H. Wayne Huizenga College of Business and Entrepreneurship Assignment for Course: (Course number and title) Submitted to: Submitted by: (Professor s name) (Student s name) (Student s ID number) (Address) (Work phone number) (Home phone number) Date of Submission: Title of Assignment: CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student Signature: ******************************************* Instructor s Grade on Assignment: Instructor s Comments: Generated: 11/18/2017 Page 9 of 9