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FI 360 Financial Management
Forgues, Scott


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

FI 360 Financial Management

Semester

S1D 2013 DA

Faculty

Forgues, Scott

Title

Adjunct Faculty

Degrees/Certificates

MBA w/Entrepreneurship Concentration, University of Arizona, 2000
MS Electrical Engineering, Lehigh University, 1991
BS Electrical Engineering, University of Lowell (MA), 1988

Office Hours

By Appointment

Daytime Phone

520-331-7268

E-Mail

scott.forgues@park.edu

scott@scottforgues.com

Class Days

---W---

Class Time

4:45 - 10:10 PM

Prerequisites

AC201 and AC202

Credit Hours

3


Textbook:
Introduction to Corp…,9781111222284Introduction to Corporate Finance: What Companies Do

    Authors:  John Graham and Scott B. Smart

    Publisher: South-Western, Cengage Learning; 3rd edition

    ISBN-10: 1-111-22228-2

    ISBN-13: 978-1-111-22228-4



    You will also need a FINANCIAL CALCULATOR that includes Time Value of Money capabilities. The HP10bII financial calculator is used by the instructor, however, there are other good financial calculators that will be equivalent.

Textbooks can be purchased through the MBS bookstore

Additional Resources:
Some useful websites we will use and reference are:

The Wall Street Journal on-line (http://www.wsj.com)
Yahoo! Finance (http://finance.yahoo.com)
SEC's Edgar Database (http://www.sec.gov/edgar/searchedgar/webusers.htm)
Morningstar (http://www.morningstar.com/)

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:
FI360 Financial Management: The role of financial management through the development of a framework appropriate for financial decision making. Emphasis on obtaining and effectively utilizing the funds necessary for the operation of an enterprise. Elements of financial planning, capital budgeting, and consideration of alternative sources of funds. Prerequisites: AC201 and AC202 3:0:3

Educational Philosophy:
The instructor’s educational philosophy is one of interactive learning. Lectures, readings, quizzes, discussions, examinations, and real life applications will be used to advance the understanding of Financial Management. Reading the book is essential to learning, as well. The lectures are only meant to reinforce topics and help your understanding of them. You are expected to have read the weekly assigned chapters PRIOR to class time, INCLUDING WEEK 1. Questions outside of class are welcome, particularly by email, or by phone if it will be more effective for the student.

Learning Outcomes:
  Core Learning Outcomes

  1. Describe the financial goals of the firm.
  2. Demonstrate an understanding of the principles that form the foundation of financial management.
  3. Evaluate financial statements including critical financial ratios.
  4. Calculate interest, rate, present value, and term of financial instruments.
  5. Determine values for stocks and bonds.
  6. Perform capital budgeting using more than one method.


  Instructor Learning Outcomes
  1. Understand how to use a financial calculator to calculate time value of money and bond problems.
Core Assessment:

The final exam for FI 360 will be the assessment tool used 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. Partial credit will be given for the problems.


Class Assessment:
The final course grade will be determined using the following measurements:

  • Comprehensive Final Examination
  • Fortune 500 Company Study w/Presentations and Report
  • Quizzes
  • Mid Term Examination
  • Homework Assignments
  • Effort and Participation which is made up of the following factors:
    • Class discussions
    • On-time attendance
The Comprehensive Final Exam will be administered in class and is worth 300 total points. This exam will likely consist of multiple choice and short essay questions. See below for more information on the University's requirements for the Final Exam.

Throughout the course you will be asked to study a Fortune 500 company based on relevant information from on-line sources such as wsj.com, finance.yahoo.com, company web sites, news reports, Edgar online filings, and other sources. Students will discuss their findings each week regarding their company related to the topics we are studying, from valuation to capital budgeting to capital structure, etc.  In week 8, students will be asked to submit a summary report on their company summarizing your findings from throughout the semester in the areas that we've been studying. The weekly discussions will be worth 60 points in aggregate, the final presentation will be worth 40 points, while the summary report will be worth 100 points for a total of 200 points for this portion of your grade.

On-line quizzes will cover material from your readings and will likely consist of multiple choice questions. The 6 on-line Quizzes will be 15 questions each, worth 2 points per question for a total of 180 points. The quizzes will be timed.

Due on the Wed of week 4, there will be an on-line Midterm Exam worth 160 points and will cover the reading from the first 3 weeks (chapters 1-6) of the class. Like the quizzes, the mid-term will likely consist of multiple choice questions plus some essay questions and will be timed.

Homework assignments will cover material from your readings and will likely consist of essay type answers and/or calculations depending on the topic. Assignments are to be submitted via DropBox on-line. Each of the 7 weekly Homework assignments will be worth 20 points for a total of 140 points.

Students will be graded at the end of the term on their Effort and Participation. This may also encompass attendance and tardiness factors during the face to face classes. It is expected that students will participate and be attentive in class and complete assignments on time as assigned. This portion is worth 20 points for the term and will be awarded by the instructor at the end of the term.

The instructor's added Learning Outcome #1 will be assessed via quizzes and homework as well as the mid-term and final exam. 

Grading:

 Item / Assignment
 Points
 Effort and Participation (2%)
 20
 Homework Assignments (7 x 20 pts) (14%)  140
 Midterm Exam (16%)  160
 Quizzes (6 x 30 pts) (18%)
 180
 Fortune 500 Company Study w/Presentations and Report (20%)
 200
 Comprehensive Examination (30%)
 300
 Total Points Possible
 1000

Letter Grades

 Points  Grade
 1000 - 900  A
 899- 800  B
 799-700  C
 699-600  D
 Less than 600
 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.

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:
Weekly work (homework and quizzes) must be submitted not later than the start of class (4:45pm) on Wednesday of the week following the assigned readings.

Late work will not receive full grade credit. Work not submitted by the due date and time, will be deducted 20% plus 5% for each additional day late. For example, if homework is due by Wednesday at 4:45pm, homework submitted any time on Thursday will be deducted 20%. Work submitted anytime on Friday will be deducted 25%, Saturday 30%, and so on. Work not submitted by the last day of Saturday of the semester will be graded as a zero.

Deadline extensions will be considered for extenuating circumstances. You must contact the instructor PRIOR to the deadline to receive a deadline extension. Contact by email is acceptable and preferred.

Classroom Rules of Conduct:
Any classroom conduct that disrupts the learning environment in the opinion of the instructor, will not be tolerated. This includes texting and/or checking email on your smartphone in during class.

Students are expected to be prepared prior to class by completing the reading assignments in addition to the homework. You will not get what you need from this class by only attending the lectures.

You will be expected to use the on-line system to submit homework and take quizzes, including the midterm exam. If you are not familiar with the eCompanion system, please contact the office for assistance.

Also remember that computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Printers run out of ink and hard drives crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology. Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes.

Course Topic/Dates/Assignments:
Our course follows the general schedule in the table below. You will want to follow the specific weekly instructions in each weekly module to ensure that you meet all of the weekly requirements.

 Week  Reading Assignment
(complete before class)
 Homework Assignment
(due by 4:45pm indicated Wed)
Quizzes & Exams
(due by 4:45pm indicated Wed) 
 1  Chapters 1 and 2
 Wed Week 2: Homework Questions,
Select Fortune 500 company to follow
Wed Week 2: On-line Quiz
 2  Chapters 3 and 4
 Wed Week 3: Homework Questions,
Company Discussion
Wed Week 3: On-line Quiz
 3  Chapters 5 and 6
Wed Week 4: Homework Questions,
Company Discussion
Wed Week 4: On-line Mid-Term Exam
on chapters 1-6
 4  Chapter 7 and 8
 Wed Week 5: Homework Questions,
Company Discussion
Wed Week 5: On-line Quiz
 5  Chapter 8 and 9
 Wed Week 6: Homework Questions,
Company Discussion
 Wed Week 6: On-line Quiz
 6  Chapters 10 and 11
Wed Week 7: Homework Questions,
Company Discussion
Wed Week 7: On-line Quiz
 7  Chapters 13 and 15
Wed Week 8: Homework Questions,
Company Discussion
Wed Week 8: On-line Quiz
 8
 Wed Week 8: Company Summary Paper and Final Presentation
 In-class Final Exam
(Comprehensive)

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 (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96

Plagiarism:
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
It is CRITICAL that you do your OWN work. Your instructor will be actively investigating for plagiarized material and answer / work MUST be in your own words. Work found to be copied or plagiarized will be given a ZERO as a grade.

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: http://www.park.edu/disability .

Additional Information:

Bibliography:

Copyright:

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

Last Updated:12/7/2012 8:38:31 AM