MBA621 Advanced Corporate Finance

for F1P 2010

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Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

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.


MBA 621 Advanced Corporate Finance


F1P 2010 DL


Batson, Zach


Adjunct Professor



Office Location

Please e-mail questions and concerns.

Office Hours

Can respond to emails within 24 hours in most cases


Semester Dates

August 16, 2010 thru October 9, 2010

Class Days

Each class week is from Monday thru Sunday

Class Time

This Class is conducted in the On-line Environment


MBA 615 or equivalent approved by Program Director

Credit Hours



Eugene Brigham & Phillip R. Daves, Intermediate

Financial Management, 10th Edition, 2009, South-

Western College Pub. ISBN-10: 0324594690


Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

A subscription to the Wall Street Journal or access to a copy is highly recommended as real-world example will be covered on a consistent basis.

A financial calculator that YOU are familiar with operating is critical.


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.
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Course Description:

MBA 621 Managerial Finance: This course covers a comprehensive analysis of financial management issues faced by financial managers. Topics include project valuation, strategic and tactical financing decisions and working capital management. Prerequisites: MBA 615 or equivalent approved by Program Director.

Educational Philosophy:

The educational philosophy applied in this course, and used to achieve the course objectives, is one of applied critical thinking. You are expected to prepare for class by having read the course material so that the discussion topics,  homework,  quizzes and projects can be used by you to demonstrate your knowledge and mastery of the course material.

Learning Outcomes:
  Core Learning Outcomes

  1. Summarize the theoretical and empirical work that contributes to an improvement of corporate financial management.
  2. Show, through application, a thorough working knowledge of the concept of value maximization and its applicability to corporate financing decisions including methods to determine the market value of the firm and the relationship between financing structure and firm value.
  3. Evaluate the different sources of corporate financing including private equity and venture capital.
  4. Analyze the major mechanisms of corporate control and its impact on the financial policy of the firm.
  5. Show, through application, the importance of sound corporate governance mechanisms to ensure the value maximization principle.

  Instructor Learning Outcomes
  1. Thorough understanding of financing options available to the firm
  2. Ability to manipulate financing alternatives to achieve firm goals
  3. Ability to articulate to non-financial managers the rationale for financial decisions
Core Assessment:

Class Assessment:

Your grade will be determined by:
-Class Participation through answers to discussion questions and responses to fellow class members
- Weekly homework assignments – Submit homework solutions via the digital drop box. Feel free to ask questions in advance of the due date or discuss with your classmates online. Word or PDF format required.
- Quizzes – You may take these as many times as you want to get full score.
- Weekly exams - open book, open note with limited time allotted
- Final Term project – See grading rubric and requirements under the “Doc Sharing” tab online. As with anything, email me with questions anytime. Don’t hesitate to submit sections in advance for review – I’m happy to let you know if you’re on the right track.

Except as otherwise noted, all submissions will be graded on relevance and accuracy as well as writing skills.



Final grade will be determined as follows:

Total 820 Points

Class Participation/Discussion Questions

70 Points ( 10 points each week – 7 weeks)

Homework Assignments

70 Point (10 points each week – 7 Weeks)


140 Points (20 points ea. quiz)

Weekly Exam

140 Points (20 points each exam)

Final Term Project

400 Points

I will give you a numeric and letter grade for each assignment together with comments on the material you have submitted. 

90-100 A

80-89 B

70-79 C
60-69 D
69-below F

Late Submission of Course Materials:


Please submit your work on the date indicated in the assignment section of  each lectures. If you are not going to meet the due date, please contact me before the due date to make any arrangements for a late paper. Any work submitted late without approval with me will lose one letter grade. Assignments more than one week late without approval will not be accepted.


Classroom Rules of Conduct:
The classroom is a place of learning.  No conduct by any member of the class that would reduce the ability of all class members to learn will be accepted.  One emailed request will be given to end such conduct, and if the conduct continues the class member will be asked to leave.  The instructor will have the final decision in such matters.

Course Topic/Dates/Assignments:












Capital Budgeting







Capital Budgeting, cont






14, 15


Strategic Finance Decisions






16, 17

Capital Structure

Distributions to Stockholders







Tactical Financing






20, 21

Hybrid Financing

Working Capital






22, 23

Corporate Credit

Working Capital Management






Final Project

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 2010-2011 Graduate Catalog Page 20


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 2010-2011 Graduate Catalog Page 20

Attendance Policy:

Instructors 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 2010-2011 Graduate Catalog Page 24

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:8/15/2010 4:33:56 PM