Li FIN 320 Syllabus Fall 2012

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Li FIN 320 Syllabus Fall 2012 Powered By Docstoc
					                  California State University, Fullerton
                                    Department of Finance
                           FIN 320: Financial Management I
                                   Course Syllabus

    Professor Yuming Li   Phone: 657–278–3955 , email:
    Office: SGMH 5113
    Section 15/16         Meetings: W or Th 7pm; SGMH 1313
    OFFICE HOURS: 6:30-7pm W Th or by appointment

Course Description:
Using a lecture and discussion teaching format, this course provides a background in the
concepts, processes and institutions in the financing of business enterprises. Topics covered
include: financial statement analysis; interest rates and valuing cash flows (time value of
money); valuing stocks & bonds; investment decision rules and capital budgeting; risk and
return; and cost of capital. Concepts of international corporate finance are integrated throughout
the course.

Required Materials:
    Fundamentals of Corporate Finance, First Custom Edition for CSUF Finance 320, by
      Berk, DeMarzo, and Harford. Pearson Custom Publishing (2012) – purchase the new
      book package with ‘MyFinanceLab’ (used books will not have the MyFinanceLab
      access code)
    Financial Calculator (Texas Instruments BA II PLUS preferred); Microsoft Excel
Prerequisite: ACCTG 201A
Classes are subject to administrative audit at anytime during the semester. Any unqualified
student will be administratively dropped.


   1. The main purpose of the degree program at Mihaylo College of Business and Economics
      (MCBE) at CSU Fullerton is to provide you with the knowledge and skills that prepare
      you for a successful career in business. In order to assist us in achieving this goal, we will
      use a number of assessment tools to track your progress throughout the MCBE
      curriculum. Please expect to participate in MCBE assessment activities in several of your
      courses while at MCBE. As you do so, you will assist us in identifying our program’s
      strengths and weaknesses as well as areas for improvement. In other words, you are
      making an important investment in the value of your degree.

   2. Plus/minus grading will be used in this course. Please remember, that because FIN
      320 is a College Core Course, you need a minimum grade of a C to keep from having to

   retake the course. You will earn the following grade if your weighted average course
   score falls within the following percentiles:

 Grade GPA   % Range    Grade GPA   % Range    Grade GPA   % Range
  A+    4.0  98 – 100%    A    4.0 94 – 97.99%  A-    3.7 90 – 93.99%
  B+    3.3 88 – 89.99%   B    3.0 84 – 87.99%  B-    2.7 80 – 83.99%
  C+    2.3 78 – 79.99%   C    2.0 74 – 77.99%  C-    1.7 70 – 73.99%
  D+    1.3 68 – 69.99%   D    1.0 64 – 67.99%  D-    0.7 60 – 63.99%
   F    0.0    < 60%
Alternatively, a curve may be applied if necessary.

3. Quizzes and Homework: Homework assignments and quizzes are administered through
   MyFinanceLab. See instructions at the end of this document to register at

4. Exams: MAKE-UP EXAMS ARE NOT GIVEN. You must take the exams as
   The Valuation Test and Comprehensive Final Exam are departmental requirements.
   Samples of the Valuation Test and Final Exam are available on the Finance Department
   Fin320 webpage at:
      a. Notes are not allowed during the final exam – a formula sheet will be provided.

5. Grades will be allocated as outlined below:

    Online via MyFinanceLab:
       Homework (5%) & Quizzes (5%)                                       10%
       Valuation Test                                                     15%
    Midterm Exams (2 @ 20% each)                                          40%
    Final Exam (cumulative)                                               35%
    Total                                                                100%

6. CSUF Policy on Academic Dishonesty: Academic dishonesty will not be tolerated.
   The University Catalog and the Class Schedule provide a detailed description of
   Academic Dishonesty under `University Regulations.’ (Or read this link on CSUF’s
   policy on Academic Dishonesty.)

7. CSUF Policy on Disabled Students: The University requires students with disabilities to
   register within the first week of classes with the Office of Disabled Student Services
   (DSS), located in UH-101 and at (657) 278 – 3112 in order to receive prescribed
   accommodations and support services appropriate to their disability. Students requesting
   accommodations should inform their instructors during the first week of classes about
   any disability or special needs that may require specific arrangements/accommodations
   related to attending class sessions, completing course assignments, writing papers, or
   quizzes, tests or examinations. Click on the links for information about the services
   provided by DSS to students and the obligations of faculty to make accommodations for
   students registered with the DSS office.

8. Emergency Policies: All students should be aware of what needs to be done in the case of
   an emergency, such as an earthquake, a fire, or other disasters, natural or otherwise. Be sure
   to look at the CSUF Emergency Preparedness website for critical information about your
                                     COURSE OUTLINE
 Week*     Chapter     Topic/Assigned Reading                                       Assignments
Week 1         1       Corporate Finance and the Financial Manager i, iii             Please see
Week 2         2       Introduction to Financial Statement Analysis ii, iii,        last page for
                       iv                                                          MyFinanceLab
Week 3         3       Time Value of Money: An Introduction                         Assignments
Week 4         4       Time Value of Money: Valuing Cash Flow Streams
Week 5         5       Interest Rates
Week 6       1–5       MIDTERM EXAM 1                                              In-Class Exam
Week 7         6       Bonds
Week 8         7       Stocks (Int’l Corp Fin) ii
Week 9      3,4,6,7    Valuation Test Administered through                         At-Home Exam
               8       Investment Decision Rules
Week 10        9       Fundamentals of Capital Budgeting
Week 11       11       Risk and Return in Capital Markets
Week 12     12    Systematic Risk and the Equity Risk Premium,
Week 13     13    The Cost of Capital
Week 14 8-9,11-13 MIDTERM EXAM 2                                  In-Class Exam
Week 15           Review
 Final            FINAL EXAM IN CLASS: 7:30-9:20pm in Class
 Week             The Final Exam is a common exam for the Department of Finance.
*The week of recess such as Spring break or Thanksgiving week is excluded above.

i)-iv)The roman numeral code following most topics indicates coverage of the following business
perspectives: i) Ethical issues; ii) Global issues; iii) Political, social, legal, regulatory, and
environmental issues; and iv) Technological issues.

How to Register and Enroll in Your MyFinanceLab Course
Welcome to MyFinanceLab! Your instructor has set up a MyFinanceLab course for you.
To join your instructor's course, please complete the following two steps:
1. REGISTER for MyFinanceLab, and

   2. ENROLL in your instructor's course

        To Register for MyFinanceLab
        To register, you will need a student access code and a course ID. If you don't have an
        access kit, you can purchase access online at
        You will have the choice to purchase access with or without a full Etext. Once enrolled in
        your professor's course, you will also have the option to purchase a discounted version of
        your text.
        Textbook: Berk, Fundamentals of Corporate Finance

        Course ID: li48203 Course Name: yli2012 - Section 1 (Wednesday)

        Course ID: li93153 Course Name: yli2012 - Section 2 (Thursday)

   3.  Steps to Register:
   1.  Go to and click the Student button, in the Register section.
   2.  Enter the course ID, xxxxxxx and click Next.
   3.  Choose to register an access code (came with your new book) or purchase access if you
       don’t have an access kit/code.
   4. Click the button to proceed to registration.
   5. Follow the instructions to create your account.
   6. Click the link to login. You’ll be directed to, where you
       can enter the user name and password you just created. Click the login button.
   Steps to Enroll in Class:
   1. The first time you enter the site you’ll be asked to enter your course ID. Enter your
       course ID (for FIN 320): xxxxxxx.
   2. Be sure to click on the Browser Check link on the Announcements page or in the upper
       right of the screen the first time you login and anytime you use a new computer. This
       wizard will walk you through the installation of the software you will need to use the
       MyFinanceLab resources (such as Flash).
       Note: the software may already be installed in the school lab, so in that case check first
       with your lab administrator.
To log into MyFinanceLab after Enrolling
   1. Go to
   2. Enter the user name and password you just created, and click Log In (or hit the enter
       key). If you purchased access, visit the Textbook Resources inside your Instructor's
       Course for additional purchase options.
    Note: If you are taking two MyFinanceLab courses simultaneously you will need two
       separate login accounts.
    Need Help? For assistance, please visit


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