TENNESSEE WESLEYAN COLLEGE

MANAGERIAL FINANCE

BA 435NP

ELL 216

9/25/08 – 10/30/08

TR: 6:00 – 9:00 p.m.

Class Hours: 3.0                                                            Instructor:  Dr. Carol Decker

Credit Hours 3.0                                                            Office Hours: MWF: 10:00–11:00 a.m.

                                                                                                          MW: 2:00-3:00

                                                                                                          MW: 4:30 – 5:00

                                                                                                          Other Hours by Appointment

Course Syllabus                                                             Office Location: ELL 205                    

Fall 2008                                                                       Phone:  423-746-5270

Revised: 8/13/08                                                            E-mail: cdecker@twcnet.edu

Web Page Address:  http://www.twcnet.edu/cdecker

(Check for Syllabi, Assignment, Announcements, & Updates)

AOL Instant Messaging is Available for Contact: Screen Name: deckca

 

                                                                                   

TWC Strategic Plan 2000/Curriculum Goals

  1. Ensure quality by creating an organizational structure which enhances academic programs.
  2. Develop programs which are consistent with our stated purpose and which are consistent with the resources of the institution.
  3. Ensure quality in existing programs by introducing concepts of internationalization in the curriculum.

 

Mission of the Department:

The Department of Business Administration at Tennessee Wesleyan College strives to develop students intellectually, ethically, and socially in order for them to meet the demands of an ever-changing global society.

                                                                                               

CATALOG COURSE DESCRIPTION: This course focuses on financial issues facing managers of corporations and small businesses. Attention is given to the four basic areas of financial policy and management: short and long-term financing, investments, financial institutions, and international finance.

 

PREREQUISITE: BA 300 & BA 202

                                   

COURSE OBJECTIVES: 

·         To employ and identify financial management decisions for different forms and scope of business organizations.

·         To recognize, determine, compute, and interpret financial statement, taxes, and cash flow information.

·         To determine, compute, and interpret valuation of money with particular emphasis on time value of money procedures utilizing interest rates and bonds.

·         To interpret and calculate stock valuations.

·         To utilize a variety of capital budgeting techniques for determining best choice investments.

·         To determine and interpret organization cost of capital, leverage, cost structure, dividends and dividend policy.

·         To recognize opportunities for raising firm capital within in the realm of short term or long-term financial capital management

 

COURSE RELATIONSHIP TO BUSINESS PROGRAM/DEPARTMENT AND INSTITUTIONAL PURPOSE:

·         This course enables students to

o        lead and serve and to graduate with effective communication skills that include reading, writing, speaking, and listening.

o        be knowledgeable of beliefs and issues.

o        recognize social and behavioral issues in a cultural perspective.

o        demonstrate computer skills, and to discover the impact of technology

o        appreciate contributions to life enrichment.

·         This course is intended to support the Tennessee Wesleyan College Business Administration department by providing exposure to the fundamentals of business administration within a liberal arts environment.

·         This course supports the Tennessee Wesleyan College initiative of preparing graduates to be knowledgeable, creative, and critical thinkers in business settings.

 

 

 

COURSE RELATIONSHIP TO BUSINESS KNOWLEDGE & SKILLS:

·         This course provides financial management knowledge and the following skills:

o        Application of financial principles in diverse business settings

o        Application of financial management decision making

o        Critical thinking, and research capabilities in the area of financial management

 

TEXT/REQUIRED RESOURCES:

            Ross, S.A., Westerfield, R.W., & Jordan, B.D. (2008). Essentials of Corporate Finance

(6th ed.). McGraw-Hill Irwin.

NOTE: A TI BA II Plus financial calculator is required in this course.

No other calculator is acceptable.

 

ADDITIONAL READINGS:

                On Line Learning Center

Wall Street Journal

Business Week

Standard & Poor’s

            Financial Times

Yahoo finance

MSN Money

http://economagic.com      

 

METHODOLOGY OF INSTRUCTION:  This course will consist primarily of Finance exams and applications but will be supplemented with lecture, class/team exercises, case evaluations, and class discussions.

 

REQUIREMENTS:

Attendance:  Class attendance is a reflection of your responsibility, priorities, and the grade you receive in this course. Because the successful completion of this course is tied to daily class material, any absence in this class will result in a substantial loss of information and material for a satisfactory evaluation. Class attendance indicates your enthusiasm toward learning and will reflect on the grade you receive in this course. Class attendance accounts for 5% of the course grade.  If a student misses more than 1 of the class sessions during the semester, the points received for attendance will be zero.  If the student misses 1 or less of the classes, the points received for attendance will be 4 out of the 5. If you do have to miss class for any reason, it is your responsibility to get notes, assignments, and exam/quiz information from a classmate NOT THE INSTRUCTOR. Absence is not an excuse!

 

Assignments:  Assignments are due at the beginning of class and on the due date or before if you anticipate an absence. Some assignments are intended to support other assignments by giving you feedback for improvement. THERE WILL BE NO MAKEUPS FOR ASSIGNMENTS PERFORMED IN CLASS.  All assignments should be typewritten, complete, and professional in order to receive credit. NO LATE ASSIGNMENTS WILL BE ACCEPTED!!!!

 

Participation:  Your participation in this course is critical to the result you and others receive in this class. Participation will be evaluated according to your attendance, assignments, and performance in class/team exercises/ exam/quizzes, and discussions. Class activities may include case discussions, problems, and concepts that will support class material. Participation accounts for 5% of the grade in this course. In other words, these 5 points may be added or deducted from the final grade based on your positive or negative contributions to the course and your attendance at class presentations. ANY ABSENCE DURING CLASS PRESENTATIONS WILL RESULT IN ZERO PARTICIPATION POINTS.

 

            Grading:  The following grade scale will be utilized in this course. In order to achieve a certain     level on this scale you must obtain the score indicated.

                                     A......... 94-100

                                     A-……. 90-93

                                     B+........ 87-89

                                     B.......... 84-86

                                     B-……. 80-83

                                     C+........ 77-79

                                     C.......... 74-76

                                     C-……. 70-73

                                     D+…… 67-69

                                     D.........  64-66

                                     D-……. 60-63

                                     F...........Below 60

 

EVALUATION/ASSESSMENT:

                            Exams…………………………………………………..30%

                            Managerial Finance Project & Presentation....................30%

                            Assignments & Exercises.. ……………………………..30%

                            Attendance/Participation.….………………………….…10%

 

Exams: There will be (2) exams throughout the course worth 15 points each. Exams will consist of multiple choice and short answer/essay questions covering the textbook and material discussed in class. Study guides will be provided. NO MAKE UP EXAMS WILL BE GIVEN!!!! If you have to miss an exam for ANY reason, you are eligible for a cumulative "final" exam given during the final exam period.

 

Managerial Finance Project:  You will need to select a publicly traded company to which you can gather approximately 5 years of financial report data. After collection the financial information, you will need to investigate the company and its transitions over the 5 year period and provide a summary of this in your project. Next, you will need to develop an EXCEL spreadsheet with all calculated ratios over this 5 year period accompanied with short graphs of the ratio trends and an explanation of the ratio transitions. Additional guidelines will be provided. You will need to prepare a short 15 minute presentation of your company findings.

 

Assignments & Exercises:  Throughout the course you will be given assignments/problems to complete. Some of these will be performed in class to which there is NO MAKE UP. You will need to neatly prepare your answers, clearly indicate your answers, and show your work in order to receive credit. These assignments and exercises are intended to prepare you for the exams throughout the course and to increase your knowledge and application of the material. Please see additional guidelines regarding assignments above. THERE ARE NO MAKUPS FOR ANY IN CLASS WORK! AND NO LATE ASSIGNMENTS WILL BE ACCEPTED!!!

 

Attendance/Participation: Please see attendance/participation guidelines above.

 

 

 

 

 

            ASSESSMENT MEASURES FOR COLLEGE-WIDE LEARNING OUTCOMES

Learning Outcome

Measurement

Assessment

Use effectively the communication skills of reading, writing, speaking, and listening

Students will read required and assigned class materials, write a managerial finance project, prepare short answer/essay exam responses, participate in class discussions and exercises, present managerial finance projects, prepare assignments and exercises, and listen to presentations for the purpose of offering critical questioning.

Exams, managerial finance projects, attendance and participation, assignments and exercises, and the presentation worth 100% of the final grade will be used to assess student learning and class performance.

Demonstrate mathematical and basic computer skills, and discover the impact of science and technology

Students will be required to perform financial mathematical calculations by hand and on the required TI BA II Plus calculator for exams, assignments and exercises, and projects, develop a managerial finance project using EXCEL Microsoft Software, and  presentations utilizing a variety of computer skills and technologies.

Computer and technology skills will be assessed through exams, projects, assignments and exercises, and presentations  worth 90% of the final grade.

 

CLINICAL/LABORATORY/FIELD EXPERIENCES: Students are expected to utilize outside resources (written and verbal) for completing the coursework. These assignments may involve discussions with individuals presently working in training and development and other text readings related to training and development that will support any statements made in written work.

 

NOTE:  Academic Integrity (from TWC Catalog 2008-2009)

The Tennessee Wesleyan College Honor System promotes academic integrity on the Tennessee Wesleyan College campus and increases awareness among different groups within the College community---students, faculty, staff, and administration—of the importance of academic honesty. Each student has the right and duty to pursue his or her academic experience free of dishonesty. The Honor System establishes the higher level of conduct expected and required of all Tennessee Wesleyan College students. Violation of academic integrity, either by plagiarism or by cheating in the classroom or elsewhere, is inconsistent with the philosophy of education at Tennessee Wesleyan College and the moral and ethical prescriptions of the Christian faith.

 

A more complete discussion of the honor system may be found in the 2008-2009 Student Handbook.

     

Instructor Policy on Academic Integrity: Any assignments found to violate the above will be considered as an F without the possibility of make-up opportunities. Continued violations will result in an F for the course.

 

The instructor reserves the right to make adjustments to this schedule.

 

 

 

OUTLINE OF COURSE CONTENT

 

Week No./

Beginning Date

Class Date and Scheduled Topic

 

Required Readings & Assignments Due

1. September 25

9/25 Introduction; Overview of Financial Management

        Understanding Financial Statements and Cash Flow

        Calculators

Chapters 1-3

2. September 30

9/30 Valuation of Future Cash Flows; Valuing Stocks and Bonds

10/2 Valuing Stocks and Bonds

Chapters 4-5

Chapters 6-7

3. October 7

10/7 Exam I

10/9 Capital Budgeting

Chapters 1-7

Chapters 8-9

4. October 14

10/14 Risk & Return

10/16 Long Term Financing

Chapters 10-11

Chapters 12-15

5. October 21

10/21 Short Term Financial Management & International                 Financial Management

10/23 Fall Break---No Class

Chapters 16-18

 

6. October 28

10/28 Presentations

10/30 Exam II