FI415 Financial Analysis and Planning

for FA 2012

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Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 415 Financial Analysis and Planning


FA 2012 HO


Kao, Robert


Assistant Professor of Finance


Ph.D. – Texas A&M University
M.S. - University of Nebraska - Lincoln

Office Location

MacKay 27C

Office Hours

Monday and Wednesday 12:00 - 2:00 PM or Tuesday and Thursday 1:00 - 3:00 PM or by appointment

Daytime Phone



Class Days


Class Time

11:35 - 12:50 PM

Credit Hours



Analysis for Financial Management, 10th edition, Robert C. Higgins, McGraw-Hill, 2012, ISBN 978-0-07-803468-8.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
eCompanion Course Web Site: lecture notes, paper guideline, reading resources, and other class-related materials.

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:
FI415 Financial Analysis and Planning: Analysis of the financial aspects of corporate business planning, evaluation of financial performance, valuation analysis, management of growth. Prerequisite:FI360 3:0:3

Educational Philosophy:

  • Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be exchanged.
  • Create an interactive environment that is based on lectures, readings, tests, dialogues, assignments, websites, and demonstrated examples.
  • Motivate the class with available on-campus seminars or invited guest speakers that would support and inspire students’ learning.

Learning Outcomes:
  Core Learning Outcomes

  1. Interpret the three basic financial statements to assess the overall health of the firm.
  2. Create pro forma financial statements to forecast future financial performance of the firm.
  3. Assess the firm's four key ratios as a predictor of sustainable growth.
  4. Evaluate the possible opportunities to raise capital for the firm and discuss the outcomes of each on the firm.
  5. Apply the discounted cash flow techniques and estimation of relevant cash flows to evaluate possible investment opportunities for the firm.
  6. Recognize how risk affects investment decisions of the firm and the trade-off with expected return.

  Instructor Learning Outcomes
  1. Compare characteristics of cash with accrual accounting
  2. Examine techniques of evaluating cash flow adequacy in judging credit worthiness
  3. Apply prototype statements to differentiate internal from external investment and capitalization accounts
  4. Assess and evaluate the relative virtues of manifold valuation analyses
Core Assessment:

Class Assessment:
Three tests, final exam, homework, and term paper for FI 415 will be used as the assessment tool for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consists of multiple-choice questions covering the chapter readings in the course and problems that examine the critical thinking, effective communication skills, and technical skills of the student.  Students are expected to take examinations at the scheduled times. There will be no make-up exams. Remedies are possible, but only in documented, urgent, and compelling circumstances that are informed in advance. 


Grades will be based on completion of the required assignments as well as exams. Grades will be awarded according to the following schedule:

            Tests (3)                               300 points

           Final Exam                             200 points

           Homework                             100 points

Term Paper                          100 points

                       Total                         700 points

630 or above                          A

560-629                                  B

490-559                                  C

420-489                                  D

Below 420                               F

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. 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 Dean of the School of Business.

Late Submission of Course Materials:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:

Use of cell phones, pagers, iPOD, or other electronic device is strictly prohibited from class. Should a student be expecting some sort of emergency phone call (i.e. baby, child, parent illness) it is the student's responsibility to make the instructor known of the possibility of leaving the class to take a call. With exception to the above listed examples, all phones should be turned off prior to class beginning.

Course Topic/Dates/Assignments:

Our course will follow the general schedule in the table below. You will need to follow the specific weekly instructions in each weekly module to ensure that you meet all of the weekly requirements. Homework for each chapter will be assigned when each chapter is completed.




Week 1 (Aug. 20 - 24)

Interpreting Financial Statements

Reading: Chapter 1

Week 2 (Aug. 27 - 31)

Evaluating Financial Performance

Reading: Chapter 2

Week 3 (Sep 3 - 7)

NO CLASS - Labor Day

Financial Forecasting

Reading: Chapter 3

Week 4 (Sep. 10 - 14)

Financial Forecasting

Reading: Chapter 3

Week 5 (Sep. 17 - 21)

Test 1 review

Test 1 (Ch. 1-3)

Week 6 (Sep. 24 - 28)

Managing Growth

Reading: Chapter 4

Week 7 (Oct. 1 - 5)

Financial Instruments and Markets

Reading: Chapter 5

Week 8 (Oct. 8 - 12)

The Financing Decision

Reading: Chapter 6

Week 9 (Oct. 15 - 19)

NO CLASS–Fall Recess

Week 10 (Oct. 22 - 26)

Test 2 review

Test 2 (Ch. 4-6)


Week 11 (Oct. 29 - Nov. 2)

Discounted Cash Flow Techniques

Reading: Chapter 7

Week 12 (Nov. 5 - 9)

Discounted Cash Flow Techniques

Reading: Chapter 7

Week 13 (Nov. 12 - 16)

Risk Analysis in Investment Decisions

Paper Proposal Due

Reading: Chapter 8

Week 14 (Nov. 19 - 23)

NO CLASS (Nov. 22-23) – Thanksgiving

Business Valuation and Corporate Restructuring

Reading: Chapters 9


Week 15 (Nov. 26 - 30)

Test 3 review

Test 3 (Ch. 7-8)


Week 16 (Dec. 3 - 7)

Business Valuation and Corporate Restructuring

Paper Presentations

Final Exam review

Reading: Chapters 9

Paper Due on Friday

Week 17 (Thursday, Dec.13, 10:15-12:15)

Final Exam (Comprehensive)

*All listings are subject to changefor the progress of students and the unforeseen circumstances.

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 95-96

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. from Park University 2011-2012 Undergraduate Catalog Page 95

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 "F".
  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 2011-2012 Undergraduate Catalog Page 98

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:7/20/2012 6:13:04 PM