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FI 360 Financial Management
Van Auken, Howard E.


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 360 Financial Management

Semester

S2T 2007 DLA

Faculty

Van Auken, Howard E.

Title

Adjunct Faculty

Degrees/Certificates

BS - Microbiology
MBA
PhD - Finance

E-Mail

howard.vanauken@park.edu

vanauken@iastate.edu

Semester Dates

March 19, 2007 - May 12, 2007

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:
Keown et al,Foundations of Finance 5/e, Prentice Hall, 2006

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Recommended Reading

The Wall Street Journal:  www.wsj.com/ 

Business Week: www.businessweek.com/

Guide to Websites of Time Inc:  www.pathfinder.com

The Economist: http:  www.economist.com

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:

The role of financial management through the development of a framework appropriate for financial decision making. Emphasis on obtaining and effectively utilizing the funds necessary for the operation of an enterprise. Elements of financial planning, capital budgeting, and consideration of alternative sources of funds.

PREREQUISITES:  AC 201 and AC 201

Learning Outcomes:
  Core Learning Outcomes

  1. Describe the financial goals of the firm.
  2. Demonstrate an understanding of the principles that form the foundation of financial management.
  3. Evaluate financial statements including critical financial ratios.
  4. Calculate interest, rate, present value, and term of financial instruments.
  5. Determine values for stocks and bonds.
  6. Perform capital budgeting using more than one method.


Core Assessment:

Class Assessment:

  Each student is responsible for:

completing weekly reading assignments

completing weekly homework application problems

participating in weekly online discussions

completing a final proctored examination

Assignments

Homework Application Problems - A number of application problems will be assigned each week to provide practical applications of financial techniques and methods of analysis. These problems will be selected from the end of chapters in the textbook. The solutions and analyses for these problems should be in detail, not just a reporting of final answers. This assignment is to be posted each week.

Online Discussion Questions - A number of discussion questions will be posted weekly in a thread titled. Each student (or team) is required to select a question, develop a complete answer, and post it in the thread.

 All written assignments and online postings in this course will be evaluated by the instructor using the following criteria:  thoroughness, application financial management concepts discussed in the readings, clarity, and creative thinking.

Grading:

Weekly Homework Assignments     70 (10/wk

Weekly Discussion Questions         70 (10/wk)

Final Examination                            100

total                                                  240 points

Grading Scale

A = 90 - 100

B = 80 - 89

C = 70 - 79

D = 60 - 69

F  = below 60

 

Note:  The gradebook in eCollege is used to track your points only.  Weight system above will be used for final grade determination.

Examinations

A final examination is required and will be based on materials covered in the readings. Specific instructions will be posted later in the term.

The final examination will be taken in person during the 8th week of instruction at one of the Park University sites around the country or at an alternative location approved by your Instructor where Park University sites are not available.

It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term. The proctor will be accepted and approved by the instructor. Park University site administrators or adjunct faculty are preferred proctors, but K-12 school teachers, counselors or administrators, certified librarians, testing centers at accredited colleges or universities are acceptable. Approved proctors may also include U.S. Embassy officials, military education officers, or testing control officers at U.S. military bases. Excluded from approval as proctors are family members, relatives, neighbors, friends, clergy, and employers, supervisors and co-workers.

For proctored examinations, photo identification is required at the time of the test. A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to me for approval. Failure to take a final proctored exam will result in an automatic loss of points assigned to the final examination.

Guidelines for selecting an acceptable proctor can be found on the Park University Website.

Note:  The gradebook in eCollege is used to track your points only.  Weight system above will be used for final grade determination.

Examinations

A final examination is required and will be based on materials covered in the readings. Specific instructions will be posted later in the term.

The final examination will be taken in person during the 8th week of instruction at one of the Park University sites around the country or at an alternative location approved by your Instructor where Park University sites are not available.

It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term. The proctor will be accepted and approved by the instructor. Park University site administrators or adjunct faculty are preferred proctors, but K-12 school teachers, counselors or administrators, certified librarians, testing centers at accredited colleges or universities are acceptable. Approved proctors may also include U.S. Embassy officials, military education officers, or testing control officers at U.S. military bases. Excluded from approval as proctors are family members, relatives, neighbors, friends, clergy, and employers, supervisors and co-workers.

For proctored examinations, photo identification is required at the time of the test. A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to me for approval. Failure to take a final proctored exam will result in an automatic loss of points assigned to the final examination.

Guidelines for selecting an acceptable proctor can be found on the Park University Website.

All final exams will be comprehensive and will be closed book and closed notes.  If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth.  Electronic Computers will not be allowed on final exams unless an exception is made by the Associate Dean.

The Proctored final exam for online courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The proctored final exam must address only material which the student has been taught in class.

Late Submission of Course Materials:
Instructor approval required.

Course Topic/Dates/Assignments:

Week 1
Coverage
Chapter 1: An Introduction to the Foundations of Financial Management
Chapter 2: The Financial Markets and Interest Rates
Discussion
Post a two paragraph essay on the following -
What is the relevance of the material in chapters 1 and 2 to the US economy and your personal lives?
Respond to one other student's essay.
Homework
Chapter 1: Answer one of the Study Questions and Respond to one student's answer to a Study Question.
Chapter 2: Answer one of the Study Questions and Respond to one student's answer to a Study Question.


Week 2
Coverage
Chapter 3: Understanding Financial Statements and Cash Flows
Chapter 4: Evaluating a Firm's Financial Performance
Discussion
Each week you will find that the chapters assigned for reading that week have discussion questions at the back. You need to select a single question from each chapter and answer it. You will find a “Discussion” thread to be used to post the weekly work, titled Online Discussion Questions for Week 2. Each student is required to select a question, develop a complete answer, and post it in the thread. You should also respond to a fellow student's answered question by reinforcing their work or adding additional information or ask for clarification in regards to their answer.
Week 2 Chapter discussion questions are from chapters 3 and 4.
Homework
Chapter 3: Problem 3-3
Chapter 4: Problem 4-6
Post your solutions in this thread.

Week 3
Coverage
Chapter 5: The Time Value of Money
Chapter 6: The Meaning and Measurement of Risk and Return
Discussion
Each week you will find that the chapters assigned for that week have discussion questions at the back. You need to select a single question from each chapter and answer it. You will find a “Discussion” thread to be used to post the weekly work, titled Online Discussion Questions for Week 3. Each student is required to select a question, develop a complete answer, and post it in the thread. You should also respond to a fellow student's answered question by reinforcing their work or adding additional information or ask for clarification in regards to their answer.
Chapters 5 has your discussions questions for this week.
Homework
Chapter 5: problems 5-1a, 5-2a, 5-5a, and 5-6a.
Chapter 6: problems6-1 and 6-2
Post your solutions in the conference thread by the end of Week 3.


Week 4
Coverage
Chapter 7: Valuation and Characteristics of Bonds.
Chapter 8: Valuation and Characteristics of Stock
Discussion
Each week you will find that the chapters assigned for that week have discussion questions at the back. You need to select a single question from each chapter and answer it. You will find a “Discussion” thread to be used to post the weekly work, titled Online Discussion Questions for Week 4. Each student is required to select a question, develop a complete answer, and post it in the thread. You should also respond to a fellow student's answered question by reinforcing their work or adding additional information or ask for clarification in regards to their answer.
Chapters 7 and 8 for your discussion questions.
Homework
Chapter 7: Study Problem7-1a and b
Chapter 8: Study problem 8-3 a, b, and c


Week 5
Coverage
Chapter 9 – Capital Budgeting
Chapter 10 – Capital Budgeting continued
Chapter 11 - Valuation
Discussion
The list of discussion questions posted below is based on the readings assigned for Week 5. Select one question especially one that has not been answered, develop a complete answer, and post it in this thread. In addition, review some of the responses posted by your classmates, select one response and post your comments, reaction or response by clicking on the Reply button. Your response must be substantive, not a simple I agree with you answer. For example, you may provide a more detailed response, add to the existing one, use an example to illustrate a concept or application or relate something from your own experiences.
Here are the Discussion Questions for Week 5:
1. Why do we use the overall cost of capital for investment decisions even when only one source of capital will be used (e.g., debt)?
2. Why is the cost of debt less than the cost of preferred stock if both securities are priced to yield 10 percent in the market?

3. Explain why retained earnings have an opportunity cost associated with them.

4. It has often been said that if the company can't earn a rate of return greater than the cost of capital it should not make investments. Explain.

5. What is the concept of marginal cost of capital? Explain and give an example.

6. Why does capital budgeting rely on analysis of cash flows rather than on net income?

7. Explain the role of financial intermediaries in the flow of funds through the three-sector economy consisting of business, households, and government.

8. In what ways do security markets provide liquidity? Explain.

9. What is the difference between organized exchanges and over-the-counter markets?

10. How would you define efficient security markets?

11. The efficient market hypothesis is interpreted in a weak form, a semistrong form, and a strong form. How can we differentiate its various forms?
Homework
Chapter 9: 2 problems
Chapter 10: 2 problems
Chapter 11: 2 problems


Week 6
Coverage
Chapter 12: Determining the Financing Mix
Chapter 13: Dividend Policy and Internal Financing
Discussion
Each week you will find that the chapters assigned for that week have discussion questions at the back. You need to select a single question from each chapter and answer it. You will find a “Discussion” thread to be used to post the weekly work, titled Online Discussion Questions for Week 6. Each student is required to select a question, develop a complete answer, and post it in the thread. You should also respond to a fellow student's answered question by reinforcing their work or adding additional information or ask for clarification in regards to their answer.
Chapters 12 and 13 have your selection of discussion questions.
Homework
Chapter 12: Problems 12-1 and 12-2
Chapter 13: Problem 13-1 and 13-4
Post your completed work to the conference thread by Sunday evening.


Week 7
Coverage
Chapter 14: Short-Term Financial Planning
Chapter 15: Working-Capital Management
Discussion
Each week you will find that the chapters assigned for that week have discussion questions at the back. You need to select a single question from each chapter and answer it. You will find a “Discussion” thread to be used to post the weekly work, titled Online Discussion Questions for Week 7. Each student is required to select a question, develop a complete answer, and post it in the thread. You should also respond to a fellow student's answered question by reinforcing their work or adding additional information or ask for clarification in regards to their answer.
Chapters 14 and 15 have your selection of discussion questions.
Homework
Chapter 14: 1 problem
Chapter 15: 1 problem


Week 8
Coverage
Chapter 16: Current Asset Management
Chapter 17: International Business Finance
Lessons Learned
The Lessons Learned thread for week 7 is a suggestion to help me be a better instructor. In other words, I want to know how you feel about this class now that you are almost finished. Please go on-line and complete the Student Survey. It should be offered through Park's Home page. If you wish to change things this is a great way to do so. Thank you for your hard work and may you be successful in all your efforts.
Final Exam

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 2006-2007 Undergraduate Catalog Page 87-89

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 2006-2007 Undergraduate Catalog Page 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 "W".
  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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2006-2007 Undergraduate Catalog Page 89-90

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. 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 .

Additional Information:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.


Park University Online Bookstore - Select "Online Learning- Graduate," or "Online Learning - Undergraduate," and then click on the appropriate course code (ex. AC 201, PA 501) to see the list of required and optional texts for each course that you are enrolled in. 


Advising - Park University would like to assist you in achieving your educational goals. Your Campus Center Administrator can provide advising to you, please contact them for assistance.  If you need contact information for your Campus Center, click here.


Online Tutoring Services - Park University has arranged for Online students to receive five hours of free access to Online tutoring and academic support through Smarthinking. If you would like Online tutoring, please contact me to receive their recommendation and information on how to access the Online tutoring.



Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.


Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275).  To see the technical requirements for Online courses, please visit the http://parkonline.org website:  click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.


Park Helpdesk - If you have forgotten your User ID or Password, or if you need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024.




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Last Updated:2/27/2007 11:50:02 AM