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FI 410 Problems in Corporate Finance
Sumrall, William H.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

FI 410 Problems in Corporate Finance

Semester

S2Y 2006 MN

Faculty

Sumrall, William H.

Title

Senior Professor

Degrees/Certificates

M.S. M.B.A. Ed.S.

Office Location

Not Applicable

Office Hours

Email anytime; Phone Monday 1:30 - 2:00 Tuesday 2:25 - 3:30

Daytime Phone

662-562-3298 (W)

Other Phone

662-292-2912 (C)

E-Mail

William.Sumrall@pirate.park.edu

bsumrall@northwestms.edu (use this one)

Semester Dates

March 13, 2006 to May 7, 2006

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:
Ross, S.A., Westerfield, R.W., Jordon, B.D., Fundamentals of Corporate Finance, 7th. ed. McGraw-Hill, Irwin, Boston, MA. ISBN 0-07-299172-0

Textbooks can be purchased though the MBS bookstore

Additional Resources:
Wal-Mart Annual Statements for the last two years


Course Description:
A study of selected problems in financial management including short and long-term financial analysis and planning, trade-credit analysis, capital budgeting; use of case analysis.  Pre-requisite: FI360.  3:0:3

Educational Philosophy:
The instructor's philosophy  is one of individual study, problem solving and analysis, student interaction with other registered students in the course and instructor via internet submission of assignments.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain the goal of financial management.
  2. Identify the difference between primary and secondary markets.
  3. Explain the difference between average and marginal tax rates.
  4. Describe the short term and long term solvency or liquidity measures.
  5. Explain the financial planning model.
  6. Calculate the net present value and other investment criteria used to make financial decisions.
  7. Define return, risk, and security market line.
  8. Explain financial leverage and capital structure policy.
  9. Determine how short term financial planning is accomplished.


Core Assessment:


Class Assessment:
Student assessment elements include: (a) homework problems (50 %), (b) mid-term exam (12.5%), (c) final exam (12.5%), and (d) a financial analysis project reporting on a firm (Wal-Mart) selected by the instructor (25%). The financial analysis will be used as one of the elements to determine the value of the firm's stock with an investment recommendation required in FI417, Investment Management and Analysis, for students registered in both self study courses under this instructor during the present term.

Grading:
A = 100 – 90; B = 89.9 – 80; C = 79.9 – 70; D = 69.9 = 60; F = below 60

Late Submission of Course Materials:
The grade of zero will apply to all late submissions.
Weekly assignments are due no later than mid-night Sunday. A late submission is equivalent to an unexcused absence. Two late submissions/absences will result in the F grade.  

Classroom Rules of Conduct:
Follow Park University directed self study course guidelines.
Contact instructor weekly by email submission of assignments

Course Topic/Dates/Assignments:
Week 1  
 Chapter 1:  None (none)
 Chapter 2 problems: 3, 4, 7, 8, 9, 12, 15, 16, 17

Week 2  
Chapter 03 problems: 3,4, 5, 7, 13,14,16, 17  
Chapter 04 problems: 1, 5, 21,23,26,27

Week 3
Chapter 05: Problems 1,3,4,5, 7,8,913,19
Chapter 06 problems: 1, 3, 7, 8, 10, 11, 12, 13, 15, 17, 23, 24, 25, 31, 36, 42, 45, 46, 50, 66,70,71

Week 4
Chapter 07: Problems 1,2,5,6,7,9,10,15,18,19,27
Chapter 08: Problems 1,4,6,9,12,19,21
 
Week 5:  Mid term examination chapters 1-8  
Chapter 09: Problems 1,3,5,6,7,9,10,12,13,15,18

Week 6:
Chapter 10: Problems 1,6,7,9,10,14,18,20,21
Chapter 11:  Problems 1,5,7,11,20,

Week 7:
Chapter 11:  Problems 1,5,7,11,20
Chapter 12:  Problems 4,5,7,8,13,
Chapter 13: Problems  1,3,11,17,23,24,27
Week 8:
Chapter 17.  Problems 1, 3, 9, 13, 17
Chapter 18.  Problems 1, 5, 6, 7, 13

Week 9: Final Exam and Wal-mart Financial Analysis Project due no later than mid-night, Sunday, May 7.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is copyright and can not be reused without author permission.