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PA 579 Corporate Finance: Conc & Strat
Wilson, Michael J.


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.

Hauptmann School for Public Affairs Mission Statement
The Hauptmann School of Public Affairs offers a citizen-centered, professional program of graduate study that is grounded in the liberal arts tradition.  As participants in HSPA's vibrant academic community, faculty and students consider, with the coursework, the larger issues of democracy, stewardship, and technology.  In so doing, HSPA seeks to prepare students for the courage and discernment to act for the common good in the global context.  Going beyond competence, students develop knowledge, skills, and values requisite for leadership and service in and across all sectors of society, including government, business, and nonprofit.  HSPA cultivates public affairs as a life-long passion that is fundamental to citizenship in a free society.



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.

Hauptmann School for Public Affairs Vision Statement
The Hauptmann School for Public Affairs will serve the common good by graduating leaders who exercise authority responsibly, make ethical decisions, act with moral courage, and advance human dignity world-wide.


Course

PA 579 Corporate Finance: Conc & Strat

Semester

S1P 2013 DL

Faculty

Wilson, Michael J.

Title

Professor Emeritus/Adjunct Faculty

Degrees/Certificates

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

E-Mail

Michael.Wilson25@park.edu

Class Days

TBA

Class Time

TBA

Credit Hours

2


Textbook:
 

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

Additional Resources:

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.
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Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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.

3. GROUP PROJECTs

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.

Grading:
 

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: Michael.Wilson25@park.edu. 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:
 

Week

Date

Topics/Assignments

1

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.

2

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.

3

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.

4

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.

5

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.

6

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.

7

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.

8

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.

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:

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