University of Mary Undergraduate Course Syllabus Accelerated Course Prefix/Course No.: BUS362 Course Title: Financial Management Credit Hours: 3 semester hours Course Format: 10 weeks, online Instructor: See Course Home page in Canvas Contact Information: See Course Home page in Canvas Course Description: The study of financial management includes the exploration of those activities that maximize stakeholder wealth. This course explores financial markets and institutions, valuation models, working capital management, forms of business organizations, and the analysis of financial statements. Prerequisite: ACC 101, 102, MAT 103 or instructor consent Relationship of this Course to the Program of Study: BUS 362 builds the foundation of further financial studies for students. The financial concepts learned in this course are critical for retirement planning, investments, insurance planning, and other related financial fields. University of Mary Mission Statement: The University of Mary exists to serve the religious, academic, and cultural needs of people in this region and beyond. It takes its tone from the commitment of the Sisters of Annunciation Monastery. These Sisters founded the University and continue to sponsor it today. It is Christian, it is Catholic, and it is Benedictine. Program Mission Statement: Using a philosophy of continuous improvement, the Gary Tharaldson School strives to be innovative and responsive to the changing needs of students, faculty and the business community through experience-based curricula. Servant Leadership Experience: Servant leadership experiences are based on character building relationships integrated with a solid understanding of what it is to be a servant leader with Jesus Christ as model and the Benedictine values of community, hospitality, moderation, prayer, respect for persons, and service. These values are foundational in character building, ethical decision making, and the integration of the intellectual, spiritual, emotional, and physical aspects of life. Benedictine Experience: Although communal life inspired by the Rule of St. Benedict stores a vast treasury of Benedictine values, six of these are of particular importance for our life here at the University of Mary... Father James P. Shea, President, University of Mary Community Striving together for the common good and growing in relationship with God, one another, and self [Rule of Benedict 33 Let all things be common to all. ] Hospitality Receiving others as Christ with warmth and attentiveness [Rule of Benedict 53 Let all be received as Christ. ] Moderation Honoring all of God s creation and living simply with balance and gratitude [Rule of Benedict 31 Regard all things as sacred and do everything with moderation. ] Prayer- Attending to the mystery and sacredness of life, abiding in the divine presence, listening and responding to God [Rule of Benedict 4 Listen intently to holy readings. Give yourself frequently to prayer. ] 1
Respect for Persons Recognizing the image of God in each person and honoring each one in their giftedness and limitations [Rule of Benedict 4 Honor everyone and never do to another what you do not want done to yourself. ] Service Meeting the needs of others in the example of Jesus the servant leader [Rule of Benedict 35 The members should serve one another. ] Relationship of the course to the Benedictine values: BUS 362 will employ the six Benedictine values by incorporating them in the following: Community Each of us will work with another as a community to help achieve the outcomes of this course. Hospitality We will treat others in this course how we wish to be treated. Moderation We will balance work, family, faith and course work to the best of our ability. Prayer Each session may begin with a prayer or reflection. Respect for Persons We will debate the topics among ourselves and we will respect each other s opinions. Service - We will take the information learned in this course and disseminate it to our communities and our place of employment to the best of our abilities. Competence Experience: When students graduate, they are competent in four areas essential for them to function in careers and lead meaningful lives: Spirituality and Ethics Draw upon spiritual, philosophical, religious and Benedictine traditions to express and act upon a principled set of values. Read, write, listen and speak effectively to gain and share meaning in a diverse world. Analyze, synthesize, and evaluate ideas and information from multiple perspectives to make decisions and solve problems. Global Stewardship Respect and be critically aware of oneself and the diverse world to protect and strengthen natural, cultural and social environments. For students to acquire proficiency in these competences, continual assessment of learning in an atmosphere of openness and free inquiry is promoted. Course Outcomes: Course Outcomes Program Outcomes GTSB Undergraduate Outcomes a. Describe the skills and competencies needed to effectively understand financial management within organizations, including social responsibility and managing crisis and risk. assessed through exams University of Mary Undergraduate Outcomes Global Stewardship 2
b. Explain financial statements, cash flow and taxes within financial analysis. assessed through exams, c. Explain the time value of money, risks and rates of return on investments. assessed through exams, d. Explain stocks and bonds and their valuation. assessed through exams, Global Stewardship 3
Major Assignments: (Learning Experiences to Achieve Course Outcomes) Outcomes Major Assignments Met Evaluation Method Weekly assignments a, b, c, d Assignments are evaluated primarily on correctness, as well as whether assignments are submitted on time. Discussions a, b, c, d Discussions are evaluated based on whether responses are thorough, accurate, clear, and grammatically correct, as well as whether they demonstrate a clear understanding of the subject being discussed and whether they are submitted on time. Students must post at least twice (one initial response to discussion question(s) and one response to a classmate). Exams a, b, c, d Tests are evaluated on correctness, as well as whether they are submitted on time. Approximate Time to Complete 8 hours per week on average 2 hours per week on average 8 hours per exam on average Grading: Assignment Per Assignment Points Total Possible Points Due Introduction 5 5 Module 1 Weekly Assignment 10 70 Modules: 1,2,4,5,7,8 and 9 Attendance/participation in weekly discussions 10 70 Modules: 1,2,4,5,7,8 and 9 Exam 1 50 50 Module 3 Exam 2 50 50 Module 6 Exam 3 50 50 Module 10 Total Possible Points 295 Grades are determined using the scale in the table below 94-100% A 90-93% A- 87-89% B+ 84-86% B 80-83% B- 77-79% C+ 74-76% C 60-73% D <60% F 4
Gary Tharaldson School of Business Grade Policy: All students obtaining a major through the school of business must earn a minimum of a C in every course required by their major. A minimum GPA of 2.5 is required both for admittance to the division and graduation with a degree from the school of business. Required Texts and Resource Materials: Fundamentals of Corporate Finance, 8th edition, by Brealey, Myers, and Marcus; published by McGraw-Hill. [ISBN for book 9781259418907] This ISBN includes access code for Connect, the textbook publisher s online resource. Optional Resources: There are Excel templates for all chapters available on the publisher s student website. There are chapter reviews available in Connect. In addition, students may access course PowerPoint lectures by selecting the Files tab on the left sidebar in Canvas. Under that tab select Course Files and select a chapter. Expectations: Since this is a 3 semester credit hour, 10 week, accelerated course, you can expect to spend approximately 4.5 hours per week instructional time and another 9 hours per week studying outside of instructional time. Instructional time includes reading and responding on the discussion thread. Attendance Policy: Class/module attendance is mandatory. Students, who miss the first class, or two class modules, will be asked to retake the course. Students are expected to be prepared to actively participate in activities in the forum and demonstrate their leadership abilities, persuasive skills, analysis and critical thinking. Assignment & Exam Policies: It is expected that students will submit all Connect assignments and tests when due. There is no makeup of Connect work after the deadline. There is plenty of time to complete the assignments, so don t wait until the last minute. Assignments, discussion posts, and tests are to be submitted by Sunday at 11:59 p.m. with the exception of the final week s test which is due Friday at 11:59 p.m. Late turn-ins receive no credit. Students are expected to complete exams without collaboration or assistance from others. Statement on Academic Honesty: The University of Mary Academic Honor Code and Honor System is found at www.umary.edu/honor and in the Canvas course site as a link on the Home page. Student discussions are subject to screening for plagiarism. Channel for Relating to this Course: Instructor > Undergraduate Chair > Dean > Assistant VP Academic Affairs > VP Academic Affairs Instructor > Dr. Kevin Fishbeck, Undergraduate Chair GTSB > Dr. John Warford, GTSB Dean > Kimberly McDowall-Long, Assistant VP Academic Affairs > Diane Fladeland, VP Academic Affairs Statement Regarding Reasonable Accommodations: The University of Mary is committed to working with students with disabilities to provide reasonable accommodations in academic programs and in the physical environment. For more information contact the Director of Student Accessibility Services, phone: 701.355.8264 or 701.355.3000. Online Course Evaluations: The University of Mary invites you to provide your feedback and comments on your courses through an online course evaluation process. You will be notified of the availability of the evaluations with detailed instructions on how to complete and submit the online evaluations. Tentative Content Outline: 5
Module 1: Goals and Governance of the Corporation and Accounting and Finance o Topics: investment and financing decisions, goals of the corporation, agency problem, ethics, understanding financial statements, taxes o Reading: textbook chapters 1 and 3 o Outcomes: course outcomes a and b o Discussion postings and Connect chapter assignment due end of week 1, Sunday at 11:59 pm Module 2: The Time Value of Money o Topics: compound interest, future and present values of single amounts, future and present value of annuities, perpetuities, and uneven multiple cash flows, effective annual interest rates, inflation and interest rates o Reading: textbook chapter 5 o Outcome: course outcome c o Discussion postings and Connect chapter assignment due end of week 2, Sunday at 11:59 pm Module 3 o Test covering chapters 1, 3, and 5 due end of week 3, Sunday at 11:59 pm Module 4: Valuing Bonds o Topics: bond markets, interest rates and bond prices, yield to maturity, yield curve, corporate bonds and default risk o Reading: textbook chapter 6 o Outcomes: course outcome d o Discussion postings and Connect chapter assignment due end of week 4, Sunday at 11:59 pm Module 5: Valuing Stocks o Topics: stock markets, market, book and liquidation values, dividend discount model, valuing growth stocks, technical and fundamental analysis, behavioral finance o Reading: textbook chapter 7 o Outcome: course outcome d o Discussion postings and Connect chapter assignment due end of week 5, Sunday at 11:59 pm Module 6 o Test covering chapters 6 and 7 due end of week 6, Sunday at 11:59 pm Module 7: Net Present Value and Other Investment Criteria o Topics: internal rate of return rule, profitability index, payback rule, mutually exclusive projects o Reading: textbook chapter 8 o Outcomes: course outcome c o Discussion postings and Connect chapter assignment due end of week 7, Sunday at 11:59 pm Module 8: Project Analysis o Topics: organization capital budgets, sensitivity and scenario analysis, break-even analysis, real options and flexibility o Reading: textbook chapter 10 o Outcomes: course outcome c o Discussion postings and Connect chapter assignment due end of week 8, Sunday at 11:59 pm Module 9: Risk, Return and the Opportunity Cost of Capital o Topics: capital market history, measuring risk, risk and diversification o Reading: textbook chapter 11 o Outcomes: course outcome c o Discussion postings and Connect chapter assignment due end of week 9, Sunday at 11:59 pm Module 10 o Test covering chapters 8, 10, and 11 due end of week 10, Friday at 11:59 pm 6