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Ryerson University Finance Test Bank by rwe16268

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									                                    Business Management
                     FIN 610-Short-Term Financial Management - Fall 2009
Class Time:                  Mondays 15:00-18:00, Thursdays 14:00-17:00
Prerequisites:               FIN 401 or Direct Entry
Instructor:                  Edward H. Blinder
Office:                      TRS 2-113
Telephone:                   Ryerson: 416-979-5000 (ext. 6730)
E-mail:                      eblinder@ryerson.ca
Office Hours:                TBA
Faculty/Course Website:      http://my.ryerson.ca

Methods Of Posting Grades:
Grades on assignments, tests and exams, including final exams, will be posted on the Blackboard site for the
course.

Students who wish not to have their grades posted must inform the instructor in writing before September 30,
2009.

Course Description:
This course acquaints students with the techniques and practices of short-term corporate finance. The course
investigates the role of cash and marketable securities, accounts receivables, inventory, accounts payable and
other short-term debt. The importance of good forecasting techniques and the nature of the banking relationship
will be emphasized.

Course Objectives:
Upon completion of the course, students will be able to:
1. Manage and forecast cash and working capital
2. Manage and plan short-term investment and financing
3. Manage a firm’s current assets and current liabilities
4. Examine the Canadian banking system and the relationship between the firm and the bank

Method of Evaluation:
The grade for this course is composed of the mark received for each of the following components:

                                    Method                      Percent/Weight
            2 Group Assignments                                             30
            Mid-term Exam covering both text and class material             30
            Final Exam covering both text and class material                40
            Total                                                        100%

A penalty of up to 10% will be assigned to any student who engages in behaviour that interferes with the
learning environment in the classroom.



                                                  Page 1 of 7
Philosophy of Teaching:
We believe that learning involves mastering the technical aspects (the definitions and facts) to be able to
analyze and interpret information in order to evaluate, construct an informed opinion and make a
recommendation. Students are encouraged to contact the Centre for Student Development and Counselling
for more information on the Method of Inquiry, which helps students understand how to learn.

Class Contribution:
Your contribution is essential component in the overall education process. Contribution takes place many
forms: asking informed questions in class, making intelligent comments, reading the case and being prepared to
discuss the issues, actively listening to your peers and working with others. Please remember that quantity is no
substitute for quality.

There will be ample opportunity to contribute to the class. The format of the in-class discussions of cases may
take a variety of forms including: group analysis of single case issues during class, presentation of issues and
leading discussions of the case issues.

The course will have a regular case component. We will explore and apply the concepts and techniques of
short-term financial management by using real world cases in the classroom. Material covered in class may not
be otherwise covered in the materials and concepts discussed in the materials will be more fully developed in
class.

Groups will be composed of seven to ten students, organized by the end of the second week of the semester.
The group assignments will be based on real world business cases and will focus on the basics of short-term
financial management as stated in the objectives of this course. The submission dates for the group
assignments are set out in the detailed week-by-week course outline.

Assignments will be typed and will include an executive summary (no longer than one page in length, double
spaced), a main body of work (no longer than eight pages in length, double spaced), and appropriate
appendices not exceeding 10 pages in total.


The mid-term and final exams are open book. The mid-term is 1½ hours long. The final exam is 3 hours long
and covers the entire course. Students may use any aids you wish, with the exception of another person or a
personal computer. Regulations concerning conduct during tests and exams are contained in the Code of
Student Conduct and the Ryerson Calendar

A make-up mid-term exam will not be given. Students who miss the mid-term exam will be given the grade of
zero unless a doctor's note is provided, in which case the final exam will count for 70% of their final grade.
Students who miss the final exam and provide a doctor's note will need to write the final exam at a later date.




                                                   Page 2 of 7
                                        CLASS SCHEDULE


         Lecture            Chapter                                                      Case
Introduction:
Week 1
Liquidity:
Week 1                         1      The Role of Working Capital
                               2      Analysis of Solvency, Liquidity and   Just for Feet, Inc.
                                      Financial Flexibility

                               3      Valuation
Forecasting and Planning:
Week 2 & 3                    12      Cash Forecasting
Week 4                        13      Short-term Financial Planning         Jones Salvage and Recycling
                                                                            Inc. (Case A)
Management of Working
Capital:
Week 5                         4      Inventory Management                  Fletcher Company
Week 6                         5      Accounts Receivable Management        Y Guess Jeans
Week 7                         6      Credit Policy and Collections         Kimball International Inc.
Week 8                                Group Assignment #1 Due
                               7      Managing Payables and Accruals
Week 10                               Mid-term Exam (Chapters
                                      1,2,3,4,5,6,12 and 13)
Corporate Cash
Management:
Week 11                        9      Cash Collection Systems
Week 12                       10      Cash Concentration                    Gold Star Laundry and
                                                                            Drycleaners, Inc.
                              11      Cash Disbursement Systems             Structuring a Payment
                                                                            Decision
Short-term Investing and
Financing:
Week 13                               Group Assignment #2 Due
                              14      The Money Market
Week 14                       15      Short-term Investment Management      Jones Salvage and Recycling
                              16      Short-term Financing                  Inc. (Case B)




                                              Page 3 of 7
Method of Instruction:

This course will incorporate the following teaching/learning methods:

A combination of lectures, discussion and problem solving. Students will be encouraged to think, analyze,
evaluate, and problem-solve, not memorize. Students are expected to come to class on time and be prepared for
the class, i.e., to have read the assigned readings and cases and to have done the assigned problems.

A set of overheads for each chapter, answers to the end of chapter questions and other material will be available
on Blackboard. You access Blackboard courses through a web browser. After starting your web browser, type
http://courses.ryerson.ca into the Address Bar. You can use Blackboard from anywhere that you have access to
the Internet. Your Blackboard account Username and Password are the same as your Matrix email account. If
you experience trouble logging in look for the help page or if on campus see the advisors in room W71A.

Required Text:
Maness and Zeitkow, (2005), Short-Term Financial Management, Third Edition, Nelson Thomson Learning
Required: A Financial Calculator or a calculator that performs financial functions.
Other materials will be handed out in class, put on reserve in the library, or made available on Blackboard.
Required: Daily reading of The Globe and Mail or The National Post.

Policies & Course Practices:
Course Management
• Every effort will be made to manage the course as stated. However, adjustments may be necessary during
   the term at the discretion of the instructor. If so, students will be advised, and alterations will be discussed
   prior to implementation. Students will be informed of any alterations on Blackboard.
 Academic Integrity
• Students are required to adhere to all relevant University policies, such as the Student Code of Academic
   Conduct. University regulations concerning unacceptable academic conduct (cheating, plagiarism,
   impersonation, etc.) will be followed. See the Ryerson University calendar or online versions at
   http://www.ryerson.ca/acadcouncil/current/pol60.pdf and
   http://www.ryerson.ca/acadcouncil/current/pol61.pdf and
   http://www.ryerson.ca/acadcouncil/studentrights.pdf for more explanation.
• Plagiarism is a serious academic offence and penalties range from zero in an assignment all the way to
   expulsion from the university. Students should review the guidelines regarding academic misconduct - visit
   the Academic Integrity website for more information http://www.ryerson.ca/academicintegrity/. They
   should ensure that they understand the conventions for referencing sources, in footnotes and bibliographies.
   In addition to citing quotations from all sources, whether from written materials, interviews or electronic
   networks, students must credit with footnotes or in-text references all facts and ideas that are not their own,
   EVEN IF THEY ARE IN YOUR OWN WORDS. If you do not, it is considered plagiarism. In any
   academic exercise, plagiarism occurs when one offers as one’s own work the words, data, ideas, arguments,
   calculations, designs or productions of another without appropriate attribution or when one allows one’s
   work to be copied. (See the Ryerson Library for APA style guide references:
   http://www.ryerson.ca/library/ref/style.html)
• It is assumed that all examinations and work submitted for evaluation and course credit will be the product
   of individual effort, except in the case of team projects arranged for and approved by the course instructor.
   Submitting the same work to more than one course, without instructors’ approval, is also considered
   plagiarism.


                                                   Page 4 of 7
•   Students who have committed academic misconduct will, at a minimum receive a “0” on the work, and an
    instructor may assign an “F” in the course. The Academic Integrity Seminar may also be assigned. Students
    will have the notation Disciplinary Notice (DN) placed on their academic record and official transcript.
    The notation shall remain until the students graduate, or for eight (8) years, whichever comes first. If you
    receive this in the first half of your program, you may undergo a petition process to have it removed in your
    last year.
•   Students who commit academic misconduct a second time shall be placed on Disciplinary Suspension (DS)
    for up to two years, at which time they may apply for reinstatement to a program. The designation DS shall
    be placed on their permanent academic record and official transcript. The notation shall remain until
    students graduate, or for eight (8) years, whichever comes first.
•   Disciplinary Withdrawn standing (DW) shall be permanently noted on students’ academic records and
    official transcripts.
•   Expulsions shall be permanently noted on students’ academic records and official transcripts.
•   NOTE: Students may not drop a course when they have been notified of the suspicion of academic
    misconduct. If a student attempts to drop the course, the Registrar’s office will re-register the student in that
    course until a decision is reached.
•   When an instructor has reason to suspect that an individual piece of work has been plagiarized, the
    instructor shall be permitted to submit that work to any plagiarism detection service.
•   CHEATING ON AN EXAM OR TEST: Ryerson’s Examination Policy requires that all students have a
    valid student identification card or other photo identification on their desk at all times when taking an
    examination. If it is suspected that someone is impersonating a student, the photo identification of that
    person will be checked, and the person will be asked to sign the exam paper for further verification. If it is
    suspected that the identification is not valid, students may be asked to provide alternate photo identification.
    Security may be called, if circumstances warrant.

E-Mail Accounts
• Students are required to activate and maintain a Ryerson Matrix e-mail account. This shall be the official
   means by which you will receive university communications.
• See www.ryerson.ca/acadcouncil/current/pol157.pdf
Accommodation of Students with Disabilities
• In order to facilitate the academic success and access of students with disabilities, these students should
   register with the Access Centre http://www.ryerson.ca/accesscentre/index.html. They should also inform
   their instructor through an “Accommodation Form for Professors” that they are registered with the Access
   Centre and what accommodations are required.

Student Responsibilities in Academic Appeals
• Students should read the Undergraduate Academic Consideration and Appeals policy at
   (www.ryerson.ca/acadcouncil/current/pol134.pdf)
• It is the student’s responsibility to notify and consult with either the instructor, or the Chair/Director of the
   teaching department/school, depending on the situation, as soon as circumstances arise that are likely to
   affect academic performance. It is also the student’s responsibility to attempt to resolve all course related
   issues with the instructor and then, if necessary, with the Chair/Director of the teaching department/school
   as soon as they arise. An appeal may be filed only if the issue cannot be resolved appropriately. Failure to
   deal with a situation as soon as it arises will jeopardize any appeal.
• Students who believe that an assignment, test, or exam has not been appropriately graded must review their
   concerns with their instructor within 10 working days of the date when the graded work is returned to the
   class.


                                                    Page 5 of 7
Standard for Written Work
• Students are expected to use an acceptable standard of business communication for all assignments. You
   are encouraged to obtain assistance from the Writing Centre (http://www.ryerson.ca/writing-centre) for help
   with your written communications as needed. (See the Ryerson Library for APA style guide references:
   http://www.ryerson.ca/library/ref/style.html)

Late Assignments
• Students must submit assignments on time. Failure to do so will result in a penalty of 10 percent for each
   day it is late. All assignments submitted for grading will be handed back within one week, except for the
   final exam.
• You need to inform your instructor of any situation which arises during the semester which has an adverse
   effect on your academic performance and you must request any necessary considerations or
   accommodations. A doctor’s certificate is required to substantiate illness and should be submitted within 3
   working days of a missed exam. See http://www.ryerson.ca/acadcouncil/Other.html/medical.pdf for the
   required certificate. Religious Observance requests are to be made formally within the first two weeks of
   class (see www.ryerson.ca/acadcouncil/current/pol150.pdf). Other valid reasons must be approved by the
   instructor in advance.


Maintaining a Professional Learning Environment
• Laptop computers, cell phones, or other devices should not be used for non-classroom activities as they are
   distracting to other students, speakers and your instructor. As noted above, a penalty of up to 10% will be
   assigned to any student who engages in behaviour that interferes with the learning environment in the
   classroom.




                                                  Page 6 of 7
Academic Grading Policy

Evaluation of student performance will follow established academic grading policy outlined in the Ryerson
GPA Policy http://www.ryerson.ca/acadcouncil/current/pol46.pdf. The grading system is summarized below:




          Definition           Letter Grade    Grade Point           Conversion Range

                                     A+                4.33                    90-100

               Excellent             A                 4.00                     85-89

                                     A-                3.67                     80-84

                                     B+                3.33                     77-79

                 Good                B                 3.00                     73-76

                                     B-                2.67                     70-72

                                     C+                2.33                     67-69

              Satisfactory           C                 2.00                     63-66

                                     C-                1.67                     60-62

                                     D+                1.33                     57-59

               Marginal              D                 1.00                     53-56

                                     D-                0.67                     50-52

             Unsatisfactory           F                0.00                      0-49




                                                Page 7 of 7

								
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