Finance for Decision Makers

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FIN 408 – 10 (CRN# 23722)

Finance for Decision Makers
Syllabus
COURSE INFORMATION:
Spring 2015
Course Credit Hours: 3
Meeting Time: Wed 6:00 pm – 8:30 pm
Classroom:
WB 616
Instructor:
Andrew Paul Acosta
Telephone:
(888) 316-8499
Email:
[email protected]

Office Hours:
By appointment

TEXT:
Gitman, L. and Zutter, C. (2015). Principles of managerial finance. ISBN: 978-0-13-350769-0.
Pearson, 14th edition.
CATALOG DESCRIPTION:
FIN 408 - FINANCE FOR DECISION MAKERS
Financing problems facing business; general principles of accounting and economics applied to
solution of these problems. Time value of money applied to the pricing of securities, firms'
capital budgeting decisions, financial statement analysis, forecasting immediate cash flow
problems, financing of the firm, and consequences for the firm's decision-making process.
PREREQUISITES:
Students are required to have completed ACCT 405 with a minimum grade of C-., AND BADM
401 with a minimum grade of P and MGMT 403 with a minimum grade of C-.or ECON 436 with
a minimum grade of C-.
COURSE OBJECTIVES:
Upon successful completion of this course the student should be able to develop an
understanding of the time value of money and be able to apply it in cases of investments and
capital budgeting. The course also discusses and incorporates various ethical perspectives into
financial decision-making.
STUDENT LEARNING OBJECTIVES:
Upon completion of this course, a student should be able to:
• Develop an understanding of the firm’s financial management.
• Identify the characteristics of the different types of entities.
• Understand and calculate the cost of money.
• Analyze the financial statements.
• Understand the concepts for Time Value of Money and how to calculate their values.
• Compute and differentiate the sources of capital to arrive at the firm’s cost of capital
for decision making.





Utilize the principles of capital budgeting to recommend investment decisions for the
organization.
Recognize and calculate the firm’s capital structure.
Examine ethical perspectives in the financial management decision-making process.

STUDENT LEARNING OUTCOMES:
• Quantitative Techniques
• Business Discipline Principles
• Communicate
• Frame & Make Ethical Decisions
COURSE REQUIREMENTS:
Student success results from an understanding of assigned reading materials, lectures, class
exercises and discussions. Class attendance and participation, as well as the timely completion
of all assignments/projects, are required components in this process. Students are responsible
for presenting oral and written concepts.
COURSE FORMAT:
This course will include lectures, homework, quizzes, exams, and class participation. Students are
expected to be well prepared for each class meeting and be able to provide insightful opinions into
the discussions.
GRADING CRITERIA:
In-Class Participation ............................................................................................................... 10%
Quizzes .................................................................................................................................... 10%
Final Paper .............................................................................................................................. 20%
Midterm Exam .......................................................................................................................... 20%
Final Exam .............................................................................................................................. 40%
TOTAL ................................................................................................................................... 100%
GRADING SCALE:
93.0% - 100.0%
90.0% - 92.9%
87.0% - 89.9%
83.0% - 86.9%
80.0% - 82.9%
77.0% - 79.9%

A
AB+
B
BC+

73.0% - 76.9%
70.0% - 72.9%
67.0% - 69.9%
63.0% - 66.9%
60.0% - 62.9%
59.9% & BELOW

C
CD+
D
DF

BLACKBOARD WEBSITE:
You are required to log into Blackboard on a regular basis because it is the forum that serves as
the primary means of communication with the class. All handout reading, quizzes, and exams
are distributed and scored through Blackboard. You will submit your final paper through a
process called Turnitin, which measures the paper’s level of originality as a measure against
plagiarism. It also makes observations on grammar, style, syntax, mechanics, and spelling. At
least one online discussion will be created on Blackboard, for which you are required to
participate for full credit in the in-class participation score. It is strongly advised that you
proofread your written work and comply with editorial standards.
ATTENDANCE POLICY:
Because the classroom experience is an essential part of the course work, students are
expected to attend every class. However, should a student miss a class, they are solely
responsible to demonstrate a grasp and understanding of the concepts covered in the missed
session in all subsequent classes. If a class is missed, it is the student’s responsibility to obtain
notes and assignments from another student. Coming to class late is a distraction to both the
students and to the instructor.

2

QUIZZES: (10% of Final Grade)
There will be quizzes throughout the semester and are based on information covered in the
class lectures and discussions, as well as in the assigned reading material. Quizzes will be
available online via Blackboard.
FINAL PAPER: (20% of Final Grade)
You will choose an existing publicly trading company to research.
• Give a brief synopsis of what the company offers including products and services.
• Include who the Board of Directors and Officers are and a brief background on their
accomplishments.
• State in which market the stock is trading at and its trading abbreviation.
• Prepare an informational chart (graph) that depicts the closing price of the stock for each
trading day from January 1, 2014 thru December 31, 2014.
• Prepare a graph depicting and comparing the closing price of the stock along with one or
more indexes.
• State the lowest and highest price the stock ever traded during the last 12 months.
(Starting with January 1, 2014 and ending with December 31, 2014)
• Investigate what happened at each of those times that caused the stock to reach their
lowest and highest level. Did they introduce a new product? Was the economy in a slump?
Was there a legal action brought against them?
• State the types of shares the company has (common, preferred, etc.) as well as the number
of authorized, issued, and outstanding shares for each type and the types of bonds issued.
• Summarize the company’s Balance Sheet, Income Statement and Statement of Cash
Flows.
• Do a detailed analysis of the company’s financial statements using ratios and explaining
what these numbers represent.
• State whether you would invest in the company you selected, and why you made that
choice. State in great detail what factors influenced your decision.
• If you would not invest, state what are some of the areas in which the company would have
to improve upon so that you would invest.
The instructor reserves the right to modify this syllabus if necessary.
STUDENT CODE OF CONDUCT / ACADEMIC INTEGRITY AND HONESTY POLICY:
Academic dishonesty will not be tolerated. This includes issues related to lying, cheating,
plagiarism, recycling, fabrication and facilitating academic dishonesty. Students found in
violation of academic policy will be dealt with according to University procedures.
It is this instructor’s policy that plagiarism, copying, cheating and/or other misconduct shall not
be tolerated. Anyone caught committing or attempting to commit any of the preceding
indiscretions shall be asked to leave the class immediately and receive a failing final grade as
well as be reported to the school’s academic discipline committee.
v Plagiarism Policy:
http://www.roosevelt.edu/Plagiarism.aspx
v Student Code of Conduct:
http://www.roosevelt.edu/Policies/CodeOfConduct.aspx
RELIGIOUS HOLIDAYS POLICY:
Roosevelt University respects the rights of students to observe major religious holidays and will
make accommodations, upon request, for such observances. Students who wish to observe

3

religious holidays must inform their instructors in writing within the first two weeks of each
semester of their intent to observe the holiday so that alternative arrangements convenient to
both students and faculty can be made at the earliest opportunity. Students who make such
arrangements by the deadline will not be required to attend classes or take examinations on the
designated days, and faculty must provide reasonable opportunities for such students to make
up missed work and examinations. However, all work missed for such absences, including
papers and examinations, must be made up. Students who do not arrange for excused
absences by the deadline are not entitled to such accommodations.
http://www.roosevelt.edu/~/media/Files/pdfs/Policies/HumanResources/ReligiousHoliday.ashx

ADDITIONAL IMPORTANT INFORMATION:
v Important Dates:
http://www.roosevelt.edu/Registrar/ImportantDates.aspx
v Library Services:
http://www.roosevelt.edu/library
v Student Services:
http://www.roosevelt.edu/StudentServices.aspx
v Withdrawing from the Class:
http://www.roosevelt.edu/Registrar/Courses/Withdraw.aspx
v Americans with Disabilities Act:
http://www.roosevelt.edu/StudentServices/Disability/Discrimination.aspx
v Accommodation of Persons with Disability Policy:
http://www.roosevelt.edu/Policies/Disabilities.aspx
v Blackboard Support – Help Desk:
http://www.roosevelt.edu/ITS/ServiceCatalog/Blackboard.aspx

4

Tentative Class Schedule

CLASS ONE
January 14, 2015
Class Lectures/Discussion:
Topics: Class Overview
The Role of Managerial Finance
Business Ethics: The Sarbanes Oxley Act of 2002, and others
Text:
Chapter 1
CLASS TWO
Class Lectures/Discussion:
Topics: Financial Statements and Ratio Analysis
Cost of Money (Interest Rates)
Text:
Chapters 3 and 6

January 21, 2015

CLASS THREE
Class Lectures/Discussion:
Topics: The Time Value of Money (PV/FV)
Text:
Chapter 5

January 28, 2015

CLASS FOUR
Class Lectures/Discussion:
Topics: Yield Curve Models
Text:
Chapter 6
Discussion of Final Paper

February 4, 2015

CLASS FIVE
Class Lectures/Discussion:
Topics: The Time Value of Money (PVA/FVA)
Text:
Chapter 5

February 11, 2015

CLASS SIX
Class Lectures/Discussion:
Topics: Bond Valuation
Text:
Chapter 6

February 18, 2015

CLASS SEVEN
Class Lectures/Discussion:
Topics: Stock Valuation
Text:
Chapter 7

February 25, 2015

CLASS EIGHT
MIDTERM EXAM

March 4, 2015
March 11, 2015

NO CLASS – SPRING BREAK

CLASS NINE
Class Lectures/Discussion:
Discussion of Midterm Exam
Topic: Capital asset pricing model
Text:
Chapter 10

March 18, 2015

CLASS TEN
Class Lectures/Discussion:
Topics: Risk Management
Text:
Chapter 12

March 25, 2015

CLASS ELEVEN
Class Lectures/Discussion:
Topics: The Cost of Capital
Text:
Chapter 9

April 1, 2015

CLASS TWELVE
Class Lectures/Discussion:
Topics: Risk and Return
Text:
Chapter 8

April 8, 2015

CLASS THIRTEEN
Class Lectures/Discussion:
Topics: The Capital Budgeting Decision
Text:
Chapter 10

April 15, 2015

CLASS FOURTEEN
Final Paper Due

April 22, 2015

Class Lectures/Discussion:
Review for FINAL EXAM
CLASS FIFTEEN
FINAL EXAM
Chapters 8 – 10

April 29, 2015

The Topical Outline is subject to change.
Students will be informed in class of Changes to this Outline.

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