ࡱ> qsp +bjbjVV 4|<<#FF)+^CCCC2+4+4+4+4+4+4+s-04+4+CCI+^CC2+2+%h&CpRXa|"N&+_+0+^&00 &0& 4+4++0F O: CALIFORNIA STATE UNIVERSITY, CHANNEL ISLANDS SYLLABUS FIN 300- Business Finance (Class Number 1090, Section 2) Term: Fall 2011 Instructor: Dr. Priscilla Liang Class room: Bell Tower 2505 Office: Sage Hall 2143 Class Schedule: 1:30-2:45pm T.Th Phone: 437-8926 E-mail:  HYPERLINK "mailto:Priscilla.liang@csuci.edu" Priscilla.liang@csuci.edu Office Hours: 10-12:00noon T 1-2:00pm W Or by appointment Course Description FIN 300 is a required introductory finance 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: Explain and apply 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 Time Value of Money and apply it to stock and bond valuation Estimate various investment criteria and evaluate capital budget decisions Explain the trade-off relationship between risk and return and apply Capital Asset Pricing Theory Calculate the Weighted Average Cost of Capital Evaluate different dividend policies and conceptualize clientele effect Identify various methods of raising capital Analyze a companys financial performance and financial decisions using business finance theories Present collaborative works Required Materials Essentials of Corporate Finance, 7th Edition, by Stephen A. Ross, Randolf W. Westerfield, and Bradford D. Jordan. New York, NY: Irwin McGraw-Hill, 2010. 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). It is a students responsibility to purchase a calculator with financial functions and learn to operate it. 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. Always Bring Your Textbook and a Calculator to Class. Access to Blackboard and 91Ƶ email account. 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 Grading Grading for the course will be as follows: Weight Midterm Exam1 25% Midterm Exam2 25% Final Exam 25% Case Analysis 8% Quizzes 5% Homework Assignments 7% Class attendance/participation 5% 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. Examinations The exams will be closed-book and based on assigned readings, lectures, quizzes, and homework problems. There will be three in-class exams. Exams include multiple choices, problem solving, and short essays. Exams are graded on a partial credit basis. 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. Case Analysis A short case is designed to help students make connections between textbook theories and real business finance applications, and to build collaboration and communication skills. Case details will be given during the course. Quizzes Students are required to read assigned chapters before a lecture and review them and do assigned homework after. Minimum of five quizzes will be given to check your progress. There is no make-up opportunity for missing quizzes under any circumstances. Homework Homework assignments are posted on Blackboard. Students are expected to review each text assignment after a lecture and to answer specific questions and problems pertaining to the chapters. Selected homework problems will be reviewed in class. You may study and work on homework together, but each student must submit homework individually. Students may be randomly chosen to provide their solutions to the class. There will not be time to review all homework problems in class. If a student needs assistance, please come to see me. Do not type your homework. Do not use any excel or other computer programs to complete the homework assignments. Always Bring Your Homework to Class. Class Participation A very important element in the learning process will be class participation and discussion related to the chapters assigned including but not limited to the related problems and assignments. Therefore, it is critical that you have completed the assigned readings and homework on time. During the class, students will be called upon to explain chapter topics, answer questions, or present solutions to homework. Policies Add/drop, withdraw, and incomplete policy: Students should comply with the university policy for add/drop, withdraw, and incomplete procedure. No late work will be accepted. This policy applies to homework assignments, case analysis, all exams and quizzes. Cell Phones, Calculators, and Laptops: Cell phones must be set to Off. If you are expecting an urgent call you may set it to Vibrate and leave the classroom to answer the call. Texting is not allowed and cell phones shall not be visible during class at any time. Programmable calculators are not allowed on homework, quizzes, and exams. No laptop computers are allowed in classroom. In order to follow lectures better, students should print out Power Point Presentations for each chapter before the lecture. 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 case 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. See Academic Dishonesty and Honor Code in the University Catalogue (2011-12), pp. 76-77, 79-80. Disabilities statements: students with disabilities needing accommodation should make request with Disability Accommodation Services, Bell Tower, East Wing, Room 1769 (805-437-8525). All requests for accommodations require appropriate advance notice to avoid a delay in services. Please discuss your approved accommodations with me. Tentative Course Schedule WeekTopics Assignments1Course 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 Homework 1 due on Tu 4Chapter 5: Discounted Cash Flow Valuation Homework 2 due on Tu5Continue Chapter 5 Review for Midterm Exam 1 6Midterm Exam 1 I am away for conference, so no in-class lecture on Oct 6. But I will post a lecture and assignments online. Homework 3 due before the exam7Chapter 6: Interest Rate and Bond Valuation8Chapter 7: Equity Markets and Stock Valuation 9Continue Chapter 7 Chapter 8: Net Present Value and Other Investment CriteriaHomework 4 due on Th10Continue Chapter 8 Review for Midterm Exam 211Midterm Exam 2 Chapter 10: Some Lessons from Capital Market History*Homework 5 due before the exam12Chapter 11: Risk and Return 13Chapter 12: Cost of CapitalHomework 6 due on Tu14Continue Chapter 12 Chapter 14: Dividends and Dividend Policy Homework 7 due on Th15Chapter 15: Raising Capital Review for Final Exam 16Final Exam (Dec 13 Tu, 1-3pm.)Group Case Report due 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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