PA579 Corporate Finance: Conc & Strat

for S1P 2013

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PA 579 Corporate Finance: Conc & Strat


S1P 2013 DL


Wilson, Michael J.


Professor Emeritus/Adjunct Faculty


Ph.D., University of Nebraska-Lincoln
M.B.A., Southern Illinois University-Edwardsville
Certified Financial Manager(CFM) and Certified Management Accountant(CMA)


Class Days


Class Time


Credit Hours



Corporate Finance Demystified by Troy A. Adair, McGraw Hill Irwin. ISBN 978-0-07-145910-5.

Analysis for Financial Management,10th Edition, by Robert C. Higgins, McGraw-Hill. ISBN 978-0-07-729765-7.

Select Harvard Business Cases:

  • Cariboo Industrial, Ltd.
  • Toy World Inc.
  • Iridium, LLC.
  • Midland Energy Resources, Inc.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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Course Description:
PA 579 Corporate Finance: Concepts and Strategies: The study of selected techniques and their application in financial management, including financial analysis and planning, cash flow management, long-term financing, dividend policy and capital budgeting.

Educational Philosophy:
I believe that graduate education should have both a theoretical and practical component. There is always a wealth of material that could be in a course like this one and we have to pick and choose. It is sometimes difficult to strike a good balance between the depth required in a graduate course and the breadth usually found in a survey course. I lean to the depth side. Someone once told me that less is sometimes more and I have found that true. I want you to understand and be able to use the material we cover rather than feel obligated to cover a bunch of chapters.

  Instructor Learning Outcomes

  1. 1. Understand basic financial information and financial models, which include ratios, forecasts, and discounted cash flow.
  2. 2. Assist and provide overall decision support using financial analysis techniques.
  3. 3. Analyze financial statements and apply ratio analysis to assess a company's financial health and future prospects.
  4. 4. Apply financial management techniques to facilitate decision making regarding the acquisition and management of new resources.
Class Assessment:


1) Classroom Discussion, 2) Homework Assignments, and 3) Group Projects

1. CLASSROOM DISCUSSION (Due by midnight CST each Wednesday and Saturday)
Students are expected to actively participate in classroom discussions. Comments should demonstrate that students have read and have a basic understanding of the assigned reading material. Weekly classroom participation is worth a maximum of 10 points.

2. HOMEWORK ASSIGNMENTS (Due by midnight CST each Sunday)

Students are expected to complete assigned end of chapter quizzes and problems. The weekly homework assignments must be submitted by midnight CST each Sunday. Students must show their work to receive partial credit for homework submitted. If you give me a number with no support and it is wrong then it is totally wrong. Each weekly homework assignment is worth a maximum of 10 points.


Students are expected to participate in a project covering the four major topic areas of the course. Each group is expected to submit written project reports on each of the four topic areas. You may select your own groups of two or three people. Over the years, I have found that over three results in massive shirking problems. Occasionally shirking can be a significant problem, so group members can be “fired” by the other group members if they are not contributing to the projects. That is done by all the other group members contacting and discussing it with me. In that case, the fired person will receive no credit for the group projects after that point unless they can find another group that will take them in. Each project report is worth a maximum of 10 points.


Classroom Discussion 80 points (8 x 10 points each)

Homework Assignments 80 points (8 x 10 points each)

Projects 40 points (4 x 10 points each)

Total 200 points

Grading Scale:

A 100% to 90%

B 89% to 80%

C 79% to 70%

D 69% to 60%

F 59% and Below

Late Submission of Course Materials:
Assignments must be submitted during the week they are due in order for students to receive credit. Late material will be graded, but a 25% per day late penalty will be assessed. I do not grant incomplete grades except in exceptional circumstances such as family, medical or legal emergencies. These emergencies must be documented.

Classroom Rules of Conduct:

Please e-mail your questions to my Park University e-mail address: Providing a specific subject line in your e-mail will help you get a faster response. I check my e-mail frequently, but I receive many e-mails that require responses. I will respond to course-related questions within 48 hours–unless I notify you previously that I will be unavailable. Please remember that we should all treat each other with respect in our communications.

Course Topic/Dates/Assignments:





Monday, January 14, 2012 –Sunday, January 20, 2012

Topics: Introduction

Reading Assignment:

1. Adair, Chapter 1

2. Adair, Chapter 2

Homework Assignment:

1. Adair, Chapter 1 Quiz

2. Adair, Chapter 2 Quiz

Due by midnight CST on Sunday, January 20.


Monday, January 21, 2012 – Sunday, January 27, 2012

Topics: Assessing the Financial Health of the Firm

Reading Assignment:

1. Adair, Chapter 3

2. Higgins, Chapter 1

Homework Assignment:

1. Adair, Chapter 3 Quiz

2. Higgins, Chapter 1 Problems

Due by midnight CST on Sunday, January 27.


Monday, January 28, 2012 – Sunday, February 3, 2012

Topics: Assessing the Financial Health of the Firm

Reading Assignment:

1. Adair, Chapter 4

2. Higgins, Chapter 2

Homework Assignment:

1. Adair, Chapter 4 Quiz

2. Higgins, Chapter 2 Problems

Due by midnight CST on Sunday, February 3.


Monday, February 4, 2012 – Sunday, February 10, 2012

Topics: Planning Future Financial Performance

Reading Assignment:

1. Adair, Chapter 15

2. Higgins, Chapter 3

Homework Assignment:

1. Adair, Chapter 15 Quiz

2. Higgins, Chapter 3 ProblemsDue by midnight CST on Sunday, February 6.

Project: Assessing the Financial Health of the Firm Due by Wednesday, February 6.


Monday, February 11, 2012 – Sunday, February 17, 2012

TOPIC: Financing Operations

Reading Assignments:

1. Higgins, Chapter 4

2. Higgins, Chapter 5

Homework Assignment:

1. Higgins, Chapter 4 Problems

2. Higgins, Chapter 5 Problems

Due by midnight CST on Sunday, February 17.

Project: Planning Future Financial Performance Due by Wednesday, February 13.


Monday, February 18, 2012 – Sunday, February 24, 2012

Topics: Evaluating Investment Opportunities

Reading Assignment:

1. Adair, Chapter 10

2. Higgins, Chapter 7

Homework Assignment:

1. Adair, Chapter 10 Quiz

2. Higgins, Chapter 7 Problems

Due by midnight CST on Sunday, February 24.

Project: Financing Operations Due by Wednesday, February 20.


Monday, February 25, 2012 – Sunday, March 3, 2012

Topics: Evaluating Investment Opportunities

Reading Assignments:

1. Adair, Chapter 11

2.Adair, Chapter 12

3. Higgins, Chapter 8

Homework Assignment:

1. Adair, Chapter 11 Quiz

2. Adair, Chapter 12 Quiz

2. Higgins, Chapter 8 Problems

Due by midnight CST on Sunday, March 3.


Monday, March 4, 2012 – Sunday, March 10, 2012

Topics: Evaluating Investment Opportunities

Reading Assignments:

1. Higgins, Chapter 9

Homework Assignment:

1. Higgins, Chapter 9 Problems

Due by midnight CST on
Sunday, March 10.

Project: Evaluating Investment Opportunities Due by Wednesday, March 6.

Please note that the assignments and topics are subject to change. You will be notified one week in advance if a change is required.

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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 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

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Last Updated:1/2/2013 10:54:59 AM