PA579 Corporate Finance: Conc & Strat

for S1P 2010

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The Hauptmann School of Public Affairs offers a citizen-centered, professional program of graduate study that is grounded in the liberal arts tradition.  As participants in HSPA's vibrant academic community, faculty and students consider, with the coursework, the larger issues of democracy, stewardship, and technology.  In so doing, HSPA seeks to prepare students for the courage and discernment to act for the common good in the global context.  Going beyond competence, students develop knowledge, skills, and values requisite for leadership and service in and across all sectors of society, including government, business, and nonprofit.  HSPA cultivates public affairs as a life-long passion that is fundamental to citizenship in a free society.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.

Hauptmann School for Public Affairs Vision Statement
The Hauptmann School for Public Affairs will serve the common good by graduating leaders who exercise authority responsibly, make ethical decisions, act with moral courage, and advance human dignity world-wide.


PA 579: Corporate Finance


S1P 2010 GSX


Ellis, Lana J.


Adjunct Faculty


M.A., Ph.D., University of Missouri-Kansas City
J.D., Seattle University School of Law
M.B.A., Rockhurst University

Daytime Phone



Semester Dates

Jan 11, 2009 – Mar 07, 2010

Class Days


Class Time


Credit Hours


Corporate Finance Demystified by Troy A. Adair, McGraw Hill Irwin. ISBN 978-0-07-145910-5.

Analysis for Financial Management, 9th Edition, by Robert C. Higgins, McGraw-Hill. ISBN 978-0-07-729765-7.

Additional Resources:


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Course Description:

The study of selected techniques and their application in financial management, including financial analysis and planning, cash flow management, long-term financing, dividend policy and capital budgeting.

Educational Philosophy:
I believe that education is an interactive process in which my role is to help guide students as they develop substantive knowledge and critical thinking skills. In addition to developing substantive knowledge and skills, homework assignments let me know how the class is doing as we go along so I can better assist students in learning the material. I am available to provide additional assistance and to answer any questions that you have. 

  Instructor Learning Outcomes

  1. Understand basic financial information and financial models, which include ratios, forecasts, and discounted cash flow.
  2. Assist and provide overall decision support using financial analysis techniques.
  3. Analyze financial statements and apply ratio analysis to assess a company's financial health and future prospects.
  4. Apply financial management techniques to facilitate decision making regarding the acquisition and management of new resources.
Class Assessment:
1) Homework Assignments, and 2) Project Reports
1. HOMEWORK ASSIGNMENTS (Due by midnight CST each Sunday)
Students are expected to complete assigned end of chapter quizzes and problems. The weekly homework assignments must be submitted  by midnight CST each Sunday. Students must show their work to receive credit for homework submitted.  Each weekly homework assignment is worth a maximum of 100 points.
Students are expected to participate in a project covering the four major topic areas of the course. Each student is expected to submit written project reports on each of the four topic areas.  Each project report is worth a maximum of 100 points.


Homework Assignments                         800 points (8 x 100 points each)
Projects                                                400 points (4 x 100 points each)

Total                                                    1200 points
Grading Scale:
A   100% to 90%
B    89% to 80%
C    79% to 70%
D    69% to 60%
F    59% and Below

Late Submission of Course Materials:
Assignments must be submitted during the week they are due in order for students to receive credit. I do not grant incomplete grades except in exceptional circumstances such as family, medical or legal emergencies. These emergencies must be documented.

Classroom Rules of Conduct:

Please e-mail your questions to my Park University e-mail address:  Providing a specific subject line in your e-mail will help you get a faster response. I check my e-mail frequently, but I receive many e-mails that require responses.  I will respond to course-related questions within 48 hours–unless I notify you previously that I will be unavailable. 

Course Topic/Dates/Assignments:






Monday, January 11, 2010 –Sunday, January 17, 2010

Topics: Introduction

 Reading Assignment:
1. Adair, Chapter 1
2. Adair, Chapter 2

Homework Assignment:
1. Adair, Chapter 1 Quiz
2. Adair, Chapter 2 Quiz

Due by midnight CST on Sunday, January 17.


Monday, January 18, 2010 – Sunday, January 24, 2010

Topics: Assessing the Financial Health of the Firm

 Reading Assignment:
1. Adair, Chapter 3 
2. Higgins, Chapter 1

Homework Assignment:
1. Adair, Chapter 3 Quiz
2. Higgins, Chapter 1 Problems

Due by midnight CST on Sunday, January 24.


Monday, January 25, 2010 – Sunday, January 31, 2010

Topics: Assessing the Financial Health of the Firm

Reading Assignment:
1. Adair, Chapter 4
2. Higgins, Chapter 2

Homework Assignment:
1. Adair, Chapter 4 Quiz 
2. Higgins, Chapter 2 Problems

Due by midnight CST on Sunday, January 31.


Monday, February 1, 2010 – Sunday, February 7, 2010

Topics: Planning Future Financial Performance

 Reading Assignment:
1. Adair, Chapter 15
2. Higgins, Chapter 3
3. Higgins, Chapter 4

Homework Assignment:
1. Adair, Chapter 15 Quiz 
2. Higgins, Chapter 3 Problems
3. Higgins, Chapter 4 Problems

Due by midnight CST on Sunday, February 7.

Project: Assessing the Financial Health of the Firm Due by Wednesday, February 3.


Monday, February 8, 2010 – Sunday, February 14, 2010

TOPIC: Financing Operations

Reading Assignments:
1. Higgins, Chapter 5  
2. Higgins, Chapter 6

Homework Assignment:
1. Higgins, Chapter 5 Problems
2. Higgins, Chapter 6 Problems

Due by midnight CST on Sunday, February 14.

Project: Planning Future Financial Performance Due by Wednesday, February 10.


Monday, February 15, 2010 – Sunday, February 21, 2010

Topics: Evaluating Investment Opportunities

 Reading Assignment:
1. Adair, Chapter 5
2. Adair, Chapter 10
3. Higgins, Chapter 7

Homework Assignment:
1. Adair, Chapter 5 Quiz
2. Adair, Chapter 10 Quiz 
3. Higgins, Chapter 7 Problems

Due by midnight CST on Sunday, February 21.

Project: Financing Operations Due by Wednesday, February 17.


Monday, February 22, 2010 – Sunday, February 28, 2010

Topics: Evaluating Investment Opportunities

Reading Assignments:
1. Adair, Chapter 11
2.Adair, Chapter 12

Homework Assignment:
1. Adair, Chapter 11 Quiz
2. Adair, Chapter 12 Quiz

Due by midnight CST on Sunday, February 28.


Monday, March 1, 2010 – Sunday, March 7, 2010

Topics: Evaluating Investment Opportunities

 Reading Assignments:
1. Higgins, Chapter 8
2. Higgins, Chapter 9

Homework Assignment:
1. Higgins, Chapter 8 Problems
2. Higgins, Chapter 9 Problems

Due by midnight CST on Sunday, March 7.

Project: Evaluating Investment Opportunities Due by Wednesday, March 3.

Please note that the assignments and topics are subject to change. You will be notified one week in advance if a change is required.

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2009-2010 Graduate Catalog Page 31


Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2009-2010 Graduate Catalog Page 31-32

Attendance Policy:

Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2009-2010 Graduate Catalog Page 35

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: .


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Last Updated:1/4/2010 3:59:14 PM