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Finance 3320.501.2158 PRINCIPLES OF FINANCIAL MANAGEMENT Fall 2015 Mesa Building 4250 MW 5:40 – 6:55 P.M. Instructor: Dr. Shuming Bai Office: MB 2250 Telephone: (432) 552-2194 Fax: (432) 552-2174 Email: [email protected] ; Power point notes and Announcements are on Blackboard Office Hours: M 1:30 – 5:30 p.m. and W 4:30-5:30 p.m. and by appointment I. Course Objectives, Learning Outcomes, and Assessment Catalog Description: This course is designed for the general business students. It is a survey of foundational concepts in finance; in particular, discounted cash flow analysis and its application to valuation of bonds, stocks, and corporate capital assets. Introduction to the following topics: time value of money; bond and stock markets; pricing mechanisms in those markets; relationship between risk and return; capital budgeting methods based on discounted cash flow valuation. Course Objectives: Students will learn the fundamentals of future cash flow valuation; in particular, discounted cash flow analysis and its application to valuation of bonds, stocks, and corporate capital assets. Students will be introduced to the following topics: time value of money; bond and stock markets; pricing mechanisms in those markets; relationship between risk and return; capital budgeting methods based on discounted cash flow valuation. Student Learning Outcomes (1) Understand the flow of information into a firm’s financial statements (2) Understand the valuation of financial assets (3) Identify sources of financing for firms (4) Use techniques to evaluate the investment and financing decisions of a firm Assessment that Student Learning Outcome Competencies Are Met: (1) Problems (2) Exam Course Prerequisites: ACCT 2301 and Principles of Statistics or equivalent (e.g. MNGT 2342) II. Course Requirements and Procedures A. Textbook and Materials: (1) Loose-leaf Essentials of Corporate Finance with Connect Plus, 8th ed.(2014) by Ross, Westerfield, and Jordan, published by McGraw-Hill Irwin. (2) Required Financial Calculator: Financial calculator is required for study and exam. I would recommend a Texas Instrument BA II Plus (ordered for the book store) for this course. FINA 3320.501_Syllabus_Fall 2015_Dr.Bai III. Grading Grades will be based upon your performance on three unit exams, the comprehensive final exam, homework, attendance and participation using the following weights: Exam I 20% Exam II 20% Exam III 20% Cumulative Final Exam 25% Homework/Practice Problems/Quiz 10% Attendance/Participation 5% Total 100% Grading Scale: Grade Overall Performance A: 90-100%; B: 80-89%; C: 70-79%; D: 60-69%; F: Below 60% IV. Tentative Schedule Tentative Schedule . Week Wk 1 Wk 2 Wk 3 Wk 4 WK5 Wk 6 Wk 7 Wk 8 Wk9 Wk 10 Wk 11-12 Wk 13 Wk14 Wk 15 Wk 16 Topic Syllabus; Introduction to Financial Management; HW Connect Financial Statements, Taxes, and Cash Flow Working with Financial Statements Time Value of Mone Exam I Discounted Cash Flow Valuation Working out HW5; Interest Rates & Bond Valuation Interest Rates and Bond Valuation Stock Valuation Exam II Net Present Value Making Capital Investment Decisions Lessons from Capital Market History Exam III Thanksgiving Holiday. No Class. Risk and Return Cost of Capital Review for the Final Cumulative Final Exam –Dec. University Final’s Calendar FINA 3320.501_Syllabus_Fall 2015_Dr.Bai Reading Ch1 Ch1/Ch2 Ch3 Ch4 Ch1-4 Ch5 Ch5 Ch6 Ch7 Ch5-7 Ch8 Ch9 Ch10/Ch11 Ch 7-9 Ch10/11 Ch11/Ch12 Ch12 Ch1-12