MBA621 Advanced Corporate Finance

for U1P 2011

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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


U1P 2011 MBD


Batson, Zach


Adjunct Professor



Office Hours

Directly following class


Class Days


Class Time

5:30 - 9:50 PM

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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Resources for Current Students - A great place to look for all kinds of information

Course Description:
MBA 621 Advanced Corporate Finance: Study the major decision-making areas of managerial finance and some selected topics in financial theory. The course reviews the theory and empirical evidence related to investment and financing policies of the film and attempts to develop decision-making ability in these areas. This course serves as a complement and supplement to MBA 615, Managerial Finance. Some areas of financial management not covered in MBA 615 are covered in MBA 621. These may include leasing, mergers and acquisitions, corporate reorganizations, financial planning and working capital management, and some other selected topics. Other areas that are covered in MBA 615 are covered more in depth and more rigorously in this course. These include investment decision making under uncertainty cost of capital, capital structure, pricing of selected financial instruments and corporate liabilities, and divided policy. Prerequisite: MBA 615 (Formerly FI 620)

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 come to class having read the course material so that the educational time between your peers and the instructor can be maximized by using case examples, theoretical problems, and real world cause / outcome scenarios.

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:

You earn your grade in this class based

on your performance on four in-class exams, 1 project, and 1 mini presentation.

Exam 1 = 10 points

Exam 2 = 10 points

Exam 3 = 10 points

In Class Mini Presentation = 10 points

Case Project = 25 points

Final (Comprehensive) = 35 points

Total = 100


All examinations will be administered in written essay and problem format. You are expected to show your work on all problems and explain thoroughly responses to essay questions. Students will be provided 1.5 hours for each exam and 2.5 hours for the final. The case project will be graded based on the rubric provided in class.




90-100 A

80-89 B

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

Late Submission of Course Materials:

If you miss a test without making prior arrangements, of grade of zero will be given. If you miss an exam with a legitimate excuse, the weight of the exam will be added to the final. No make-up exams will be given. See me as soon as you become aware of any conflicts. Finance builds on itself. You will have a difficult time doing well on the second exam if you did not study for the first exam. So keep up. If you feel yourself being overwhelmed seek help from me as soon as possible. All students are required to complete all assignments and exams independent of anticipated graduation dates.

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.

Course Topic/Dates/Assignments:

Week Topic

1 Ch 12, 13 and 14

2 Exam 1 and Ch 16

3 Ch 18 & 19

4 Exam 2 and Ch 20

5 Ch 22 & 23

6 Exam 3 and Ch 25

7 Ch 26 and mini presentations

8 Final Assessment, and Case Project due

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:5/4/2011 3:42:46 PM