ࡱ> jli %bjbj΀ 4nFFl {+^####+ + + + + + +_-0 +%%% +##5+ggg%:##+g%+ggr'T(#$F_R' +K+0{+(z00(0(|g(d + +A&{+%%%%0F O: CALIFORNIA STATE UNIVERSITY, CHANNEL ISLANDS SYLLABUS FIN 300- Business Finance (Class Number 1678, Section 2) Term: Fall 2010 Instructor: Priscilla Liang Class room: Bell Tower 2515 Office: Sage Hall 2143 Class Schedule: 1:30-2:45pm Tu/Th Phone: 437-8926 Office Hours: Tu 10 am -12:00 noon E-mail:  HYPERLINK "mailto:Priscilla.liang@csuci.edu" Priscilla.liang@csuci.edu Wed 1-2:00 pm Or by appointment Course Description FIN 300 is a required introductory course for all undergraduate business students. Prerequisite of this class is ACCT 220 (Managerial Accounting), MATH 140 (Calculus for Business Applications) or MATH 150. FIN 300 introduces students to theories and practices of principles of planning, procuring, and controlling short-term and long-term financial resources of business organizations. Main topics include Time Value of Money, capital budget, debt and equity markets, security valuation, cost and structure of capital, and dividend policies. FIN 300 is a critical element of business education. It helps students understand how financial decisions are made and how they are integrated with other business arena. Learning Outcomes Students completing this course will be able to: Understand theories and concepts of business finance. In detail, they should be able to: Identify the ultimate goal of financial management Analyze and utilize financial statements Calculate and apply Time Value of Money to stock and bond valuation Estimate and evaluate capital budget decisions Understand the trade-off relationship between risk and return and apply Capital Asset Pricing Theory Calculate the Weighted Average Cost of Capital Understand different dividend policies and clientele effect Analyze a companys financial performance and financial decisions using business finance theories Present collaborative works Required Materials Essentials of Corporate Finance, 6th Edition, by Stephen A. Ross, Randolf W. Westerfield, and Bradford D. Jordan. New York, NY:Irwin McGraw-Hill, 2008. Access to Blackboard and 91Ƶ email account. A Financial Calculator: Many financial calculators are available on the market. Make sure the one you have is able to calculate Net Present Value (NPV) and Internal Rate of Return (IRR). The TI BAII is supported by the textbook. I will also illustrate the use of financial functions of TI 83 (TI 85 and TI 89 are similar) and Microsoft Excel if needed. The external links of your course Blackboard will link you to financial calculators and Microsoft Excel manuals. It is also recommended that you keep yourselves informed about current business news and issues by reading one or more of the following:  HYPERLINK "http://www.wsj.com/" The Wall Street Journal  HYPERLINK "http://www.businessweek.com/" BusinessWeek  HYPERLINK "http://www.latimes.com/" The Los Angeles Times  HYPERLINK "http://www.nytimes.com/" The New York Times You can find the latest issues of the above at the university library, or by entering the course Blackboard page and click on external links Examinations There will be three in-class exams. Exams include multiple choices, problem solving, and short essays. No Make-up Examination will be given. If you miss one of the exams, you have a choice to take a cumulative make-up exam during the final examination week. The exams will be closed-book and based on assigned readings, lectures, quizzes, and homework problems. Quizzes Students are required to read assigned chapters before a lecture and review them and do assigned homework after. I will give quizzes to check your progress. There is no make-up opportunity for missing quizzes under any circumstances. Cases Case analyses are designed to help students make connections between textbook theories and real business applications, and to build collaboration and communication skills. I will form students into groups. Each group is required to analyze two finance cases using theories and tools learned in this class, and to present the analyses via presentations and written reports. Details will be given during the course. Homework Students are expected to review each text assignment after a lecture and to answer specific questions and problems pertaining to the chapters. Homework assignments and answers are posted on Blackboard. Grading Grading for the course will be as follows: Midterm Exam1 25% Midterm Exam2 25% Final Exam 25% Case Analyses and Presentations 15% Quizzes 7% Homework Assignments 3% A students final grade for the course will be curved against the class mean. The distribution is such that A: 16%, B & C: 68%, D & F: 16%. Plus/minus will be given. The probability distribution is assumed to be normally distributed. Policies Add/drop, withdraw, and incomplete policy: Students should comply with the college policy for add/drop, withdraw, and incomplete procedure. No late work will be accepted. This policy applies to homework assignments, course project, all exams and quizzes. Statement of Academic Integrity: Violation of academic integrity include, but are not limited to, the following: cheating on an examination or quiz; plagiarism on any paper or report; falsifying data, research or report; representation of forged documents; misrepresentation of information in oral or written form. Such violations will automatically result a Failed grade for the course. Disabilities statements: Cal State Channel Islands is committed to equal educational opportunities for qualified students with disabilities in compliance with Section 504 of the Federal Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990. The mission of Disability Accommodation Services is to assist students with disabilities to realize their academic and personal potential. Students with physical, learning, or other disabilities are encouraged to contact the Disability Accommodation Services office at (805) 437-8510 for personal assistance and accommodations. Tentative Course Schedule WeekTopics 1Course Administration Chapter 1: Introduction to Financial Management2Chapter 2: Financial Statements, Taxes, and Cash Flow Chapter 3: Working with Financial Statements*3Chapter 4: Introduction to Valuation: The Time Value of Money 4Chapter 5: Discounted Cash Flow Valuation 5Continue Chapter 5 Review for Midterm Exam 1 6Midterm Exam 1 (Homework 1 is due on exam date) Chapter 6: Interest Rate and Bond Valuation 7Continue Chapter 6 Case I due; Case I Presentation8Chapter 7: Equity Markets and Stock Valuation 9Chapter 8: Net Present Value and Other Investment Criteria10Chapter 9: Making Capital Investment Decisions* Review for Midterm Exam 211Midterm Exam 2 (Homework 2 is due on exam date) Veteran's Day Holiday; campus closed12Chapter 10: Some Lessons from Capital Market History* Chapter 11: Risk and Return 13Chapter 12: Cost of Capital Thanksgiving Recess; campus closed Case II due on Tuesday; Case II Presentation14Continue Chapter 12 Chapter 14: Dividends and Dividend Policy 15Continue Chapter 14 Review for Final Exam 16Final Exam (Homework 3 is due on exam date) Note: Information contained in this syllabus, other than that mandated by the University, may be subject to change with advance notice, as deemed appropriate by the instructor. 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