Chap 14 Financial Management by Brigham
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COURSE SYLLABUS Fall 2010 COURSE: FIN3023 – Intermediate Corporate Finance PLACE & TIME MB 1.120, TR 7:00 – 8:15 PM INSTRUCTOR: Brian McTier OFFICE: BB 4.02.48 OFFICE HOURS: TR 8:30 – 9:00 PM WEB: WebCT EMAIL: email@example.com (Preferred Method) PHONE: (210) 458-7392 (Office) TEXT AND SUPPLEMENTARY MATERIALS: Brigham and Daves, Intermediate Financial Management, 10th ed, South-Western Cengage Learning. An HP10BII financial calculator is required. PREREQUISITES: FIN3014 or its equivalent. Satisfactory completion of the FACT exam. COURSE PURPOSE: The purpose of this course is to provide you with the concepts, thinking skills, and tools of corporate financial management and decision-making. This course is invaluable to any student planning a career in corporate finance or corporate lending. Topics include cost of capital, corporate valuation, financial statement analysis and planning, working capital management, capital budgeting, real options, capital structure, payout policy, credit and risk management, and IPOs and mergers. Classroom time will be devoted to understanding concepts, and learning and applying the material. LEARNING OBJECTIVES: 1. Develop an understanding of corporate financial management concepts and vocabulary and be able to communicate these ideas to others. 2. Develop a proficiency in corporate finance tools and techniques to the extent that a variety of corporate financial management problems can be analyzed and the proper tool or technique identified and applied. 3. Develop a big-picture framework of corporate financial management that accommodates learning and integrating new or advanced concepts and tools. REVIEW YOUR NOTES, PROBLEMS, AND THE CHAPTER SUMMARIES FREQUENTLY TO MAXIMIZE RETENTION! COURSE OUTLINE: Week Topic Reading Problems Week 1 Course Introduction Aug 26 Discipline Framework Week 2 Overview of Financial Mgmt. Chap. 1 Aug 31, Sep 2 TVM Review Week 3 Risk and Return Chap. 2 Chap. 1: Q 1-1 Sep 7, 9 Risk and Return Chap. 3 Week 4 Bond Valuation Chap. 4 Chap. 2: Q 2-1, MC Sep 14, 16 Stock Valuation Chap. 5 Chap. 3: Q 3-1 Chap. 4: Q 4-1, MC (a – h) Week 5 Chap. 7 Financial Statement Analysis Chap. 5: Q 5-1, Sep 21, 23 Chap. 8 MC (a – g, j, l-m) Week 6 Working Capital Management Chap. 7: Q 7-1, SS Problem Chap. 21 Sep 28, 30 Review for Midterm Chap. 8: Q 8-1, SS Problem Week 7 Midterm Exam I (Oct. 5) Chap. 22 Oct 5, 7 Credit Policies Week 8 Financial Forecasting Chap. 9 Chap. 21: Q 21-1, MC (a – d) Oct 12, 14 Cost of Capital Chap. 10 Chap. 22: Q 22-1 Week 9 Cost of Capital Chap. 9: Q 9-1, SS Problem Oct 17, 19 Week 10 Corporate Valuation Chap. 11 Chap. 10: Q 10-1, SS Problem Oct 26, 28 Project Valuation Chap. 12 Week 11 Estimating Project Cash Flows Chap. 13 Chap. 11: Q 11-1, SS Problem Nov 2, 4 Financial Options Chap. 6 Chap. 12: Q 12-1, SS Problem Chap. 13: Q 13-1, Week 12 Real Options Chap. 14 SS Problem (a) Nov 9, 11 Review for Midterm Chap. 6: Q 6-1 Week 13 Midterm Exam II (Nov. 16) Chap. 15 Nov 16, 18 Capital Structure Chap. 14: Q 14-1 Week 14 Capital Structure Chap. 17 Chap. 15: Q 15-1, Nov 23 Payout Policy MC (a – d, f – h) IPOs and SEOs Chap. 18 ----------------------------------------------- -------------- Special Topics (Time Permitting): Week 15 Chap. 17: Q 17-1, MC Risk Management Chap. 24 Nov 30, Dec 2 Chap. 18: Q 18-1, MC Mergers Chap. 26 Review for Final Exam Dec 9 Final Exam 8:00 – 10:30 PM READINGS, CLASS NOTES, AND PROBLEMS: Required reading must be accomplished prior to classroom sessions to ensure success. Problems are due the last class of the week assigned. Please feel free to ask questions about problems by email or at my office. EVALUATION: Your success in this course will be measured using exams, homework problems, and in-classroom exercises. The weights and grade cutoffs are: Letter Grade Course Score Item Weight A 90% + Midterm I 25% B 80% - 89% Midterm II 25% C 70% - 79% Final 30% D 60%-69% IC Exercises & Homework 20% F 59% & Less Exam questions will be developed from the material presented in the classroom, assigned readings, and assigned problems. All make-up exams will be on the day of the final. NOTICES: Appropriate academic accommodation will be made for any student registered through the Office of Disability Services. Please note only the Office of Disability Services, 210-458-4157, (http://www.utsa.edu/disability/) may issue instructions for academic accommodations. This Syllabus is provided for informational purposes regarding the anticipated course content and schedule of this course. It is based upon the most recent information available on the date of its issuance and is as accurate and complete as possible. I reserve the right to make any changes I deem necessary and/or appropriate. I will make my best efforts to communicate any changes in the syllabus in a timely manner. Students are responsible for being aware of these changes. STUDENT CONDUCT: All students are expected to exercise self-discipline and a respect for the rights of others at all times. Students acting in a disruptive manner will be asked to leave the classroom. Please turnoff all noise making sources (cell phone and pager ringers, for example), before class. All students are expected to abide by the UTSA Honor Code: "On my honor, as a student of The University of Texas at San Antonio, I will uphold the highest standards of academic integrity and personal accountability for the advancement of the dignity and the reputation of our university and myself." Students are also expected to abide by the Student Code of Conduct, which can be found at http://www.utsa.edu/infoguide/appendiceb.cfm. Any student suspected of participating in any academic dishonesty may be reported to Student Judicial Affairs, and the Instructor may recommend an automatic F for the course grade. All exams and all your work on exams are the property of the instructor. At the instructor’s option, parts of the exams may be returned to you. You may review your exams during office hours.