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MBA 621 Advanced Corporate Finance
Al Rahahleh, Naseem M.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

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.

Course

MBA 621 Advanced Corporate Finance

Semester

F2P 2012 MBD

Faculty

Naseem Al Rahahleh

Title

Assistant Professor of Finance

Degrees/Certificates

Ph.D. - University of New Orleans
M.S. - University of New Orleans

Office Location

MacKay 27E

Office Hours

Mondays, Wednesdays, and Fridays: 10:00am to 12:00noon. Tuesdays: 3:00pm to 5:00pm.

Daytime Phone

(816) 584-6376

E-Mail

naseem.alrahahleh@park.edu

Semester Dates

Monday, Oct. 22, 2012 to Sunday, Dec 16, 2012

Class Days

--T----Downtown Campus---Room 911

Class Time

5:30 - 9:50 PM

Prerequisites

MBA 615

Credit Hours

3


Textbook:

  1. [Required] Intermediate Financial Management, Eugene F. Brigham and Phillip R. Daves, 11th Edition: ISBN-13: 9781111530266.  
  2. Cases in Financial Management, 1st Edition. Eugene F. Brigham and Chris Buzzard, ISBN-10: 032430725X,  ISBN-13: 9780324307252.

Textbooks can be purchased through the MBS bookstore

Additional Resources:

  1. Financial Calculator (Required): A financial calculator with present value and future value functions for single amount and annuities (PV, FV, and PMT), net present value (NPV) and internal rate of return (IRR) is a must for this course. I will use Texas Instruments BA II Plus Financial Calculator for classroom demonstration.
  2. E-Companion Course site: lecture slides, homework Problems, sample test questions.
  3. Wall Street Journal is recommended, since many articles appearing in Wall Street Journal are strongly related to the course 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.
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/.


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:

  1. Create a positive learning environment by being clear and understandable, acknowledging the student interests and their diverse talents, providing prompt feedback.
  2. Try to teach the students the basics of learning. Critical thinking will not be achieved if the students are not getting the main idea of the subject. Ultimately, I target the quality of learning and not the quantity.
  3. Motivate my students to engage in class activities and into class discussion.

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.


Core Assessment:

Class Assessment:
Exams:

 
There will be two exams during the semester (Midterm and final). All exams are closed book/closed notes. The final is comprehensive in nature and will take place as indicated on the class schedule. All exams will contain problem and essay-type questions and possibly short questions. Make-up exam can only be given before the actual exam. Unless there is a reason beyond your control, e.g. automobile accident, medical excuse, you are expected to take the exam with the rest of the class. Please also note that there will be no makeup unless you present a documented proof (e.g. a doctor’s/hospital note) for your absence. However, if you absolutely can not make it then you must let me know before the exam.

Homework Assignments:
I will assign homework for each subject. You are expected to work through these problems individually and turn them for grade.
 
Class Participation:

Your participation grade is based on the quality of your inputs into class discussions and your attendance. Your attendance is required. Students are expected to attend all classes regularly and punctually. Parking is often a hassle; allow enough time for it. Lectures will start promptly at 5:30pm and finish at 9:50. Please enter the classroom with as little disruption as possible. Two late arrivals will count as one unexcused absence. My expectation is that you do not leave the classroom in the middle of a lecture. Please prepare yourself for this. Your class participation will count 5% of your course grade. Participation is important to understanding the course material, so I will be monitoring your participation throughout the course. 

Group Case Analysis:

Each group is required to analyze and write up a comprehensive report on one case. The case that you will analyze will be given to you on the second week of class. The cases will be selected from the following textbook case studies: Cases in Financial Management. You are expected to make a formal presentation of your analysis. Team Members of each group will be the experts to the topic of the case assigned to them. The report should contain 8-10 typed pages. You should answer all questions and show your work. While most of the times the entire group will receive the same grade for a case presented, the instructor reserves the right to grade on an individual rather than a group basis when significant deviations exist in individual responsibilities and/or performances in the group's case analysis. POWER-POINT PRESENTATION IS ENCOURAGED.
 

Grading:

Midterm Exam:25%

Final Exam: 25%
Case Analysis: Report (20%) and Presentation (10%)
H
omework Assignments: 15%
Class Participation and Attendance:5%

The following grading scale will be used in determining your final letter grade:
 

90 – 100   

A

80 – 89            

B

70 – 79             

C

60 – 69                    

D

Below 60                  

F

Late Submission of Course Materials:

Points will be deducted for late assignments. Late homework will be penalized at the rate of 10% per day, unless a plausible and documented excuse is presented. Assignments more than 2 days late will not be accepted.

Classroom Rules of Conduct:

Class disruptions will not be allowed. Students are expected to assist in maintaining a classroom environment that is conducive to learning. To assure that students have an opportunity to gain from the time spent in class; students are prohibited from using cell phones or beepers, reading newspaper, sleeping or engaging in any other form of distraction.

If you do not understand the material, it is your responsibility to ask questions. Students are encouraged to ask questions during lecture and after lecture to receive clarification about the material we have just covered. You can also see me during my office hours.

Course Topic/Dates/Assignments:
Tentative Class Schedule:

This Course Outline is a general guideline. Deviation may be necessary. Students are responsible for all announcements made in class or posted on eCompanion Course site. 
 
 

Topics

Chapters

 

Week 1:

Oct. 23, 2012

Introduction and Overview-Schedule, Grading, Class Policies

Ch. 13: Estimating Cash Flows and Analyzing Risk

Project Valuation

Week 2:

Oct. 30, 2012

Project Valuation

Strategic Financing Decisions

Ch. 14: Real Options

Ch. 15: Capital Structure Decisions-Part I 

Week 3:

Nov.6, 2012

Strategic Financing Decisions

Ch. 16: Capital Structure Decisions-Part II

Ch. 17: Dividends and Repurchases

Exam Review 

Week 4:

Nov.13, 2012

Midterm Test 

Tactical Financing Decisions

Ch.13,14, 15, 16,17

Ch. 18: Initial Public Offerings, Investment Banking, and Financial Restructuring

Week 5:

Nov.20, 2012

Tactical Financing Decisions

Ch. 19: Lease Financing

Ch. 20: Hybrid Financing: Preferred Stock, Warrants, and Convertibles

Week 6:

Nov.27, 2012

Working Capital Management

Ch.21: Working Capital Management

Ch.23: Other topics in Working Capital Management

Week 7:

Dec. 4, 2012

Special Topics

 

Group Case Submission

Guest Speaker: Mergers and Acquisitions

Ch. 26: Mergers, LBOs, Divestitures, and Holding Companies

Exam Review 

Week 8:

Dec. 11, 2012

Case Presentations

 

Final Exam

Comprehensive

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 2012-2013 Graduate Catalog Page 21-22

Plagiarism:

Plagiarism is 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 2011-2012 Graduate Catalog Page 21


Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

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 .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:10/3/2012 4:27:03 PM