BUS 8003 Managerial Finance Syllabus PDF

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G R A D U A T E B U S I N E S S S Y LL A B U S Managerial Finance – BUS 8003 A01 15630 JBU - Online Spring A, 2018 Tuesday, January 9th through March 2nd Robert Timmons, B.S.B.A., M.B.A., D.B.A. Associate Professor of Business 125 Soderquist Business Center John Brown University Contact information: [email protected] (479)524-7407 (office) Please feel free to contact me when you have difficulty with any of the class requirements. I check my email often during the day. I try to return emails within 24 hours of receiving a message. Office Hours:

10:00 am – 3:30 pm at JBU campus Siloam Springs (by appointment only Monday, Wednesday, and Friday, via Email, Telephone, Skype) JBU campus Rogers (by appointment only, Tuesday (4:30 – 5:30), and Thursday (4:30 – 5:30))

Required textbook  Essentials of Corporate Finance (Ross, Westerfiled & Jordan) 8th Edition; ISBN-13: 978-0-07-803475-6, no other text edition will be supported. It is essential that you have the correct edition (8th) of the text. This text may be purchased through the JBU Bookstore or through an online bookseller of your choosing. If you use an online bookseller, please be aware that some do not guarantee ship and receipt dates. Please choose a retailer that does guarantee these dates so that you can have confidence that your text will arrive sufficiently early so that you may complete the required reading prior to the first night of class. Failure to receive the text in sufficient time to allow you to be prepared for the first class will likely to result in an inability to keep up-to-date with class assignments. This will have a negative impact on your ability to achieve the course learning objectives. Other Material: All students should have access to a good computer loaded with MS Excel© and MS Word©. The course will not include calculator or MS Excel© MS Word© or training. All homework and assignments will be accomplished using MS Excel©, MS Word©, and the JBU Blackboard system.

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This course may use materials covered by the United States copyright laws. These materials are only for the use of students enrolled in this course for purposes associated with this course and may not be further disseminated.

Location of online course materials Blackboard Method of communication with students JBU email, Skype© and Blackboard; all course communications and materials will be sent through your JBU email. Course Description Application of finance and managerial accounting concepts and an understanding of their influence on financial strategies and business decisions. Corporate finance is central to the operation of every organization. This course explores the theoretical aspects of corporate finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis. For students pursuing a career in finance, the topics provide the foundation for an immersion in the science of finance. Students pursuing nonfinance careers will receive a complete coverage of finance issues encountered by all senior managers. Course studies corporate finance and capital markets, emphasizing the financial aspects of managerial decisions. The course touches on all areas of finance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return, and corporate financing and dividend policy. The course draws heavily on empirical research to help guide managerial decisions. Prerequisite is required for this course Three credit hours undergraduate Business Finance or equivalent, or three credit hours undergraduate investments, financial markets, or DANTES Principles of Finance. Role of the course in the Broader Curriculum The purpose of the John Brown University MBA program is to help students develop a portfolio of business and management skills and leadership strengths that will enable them to excel in their areas of calling, enable and empower their colleagues, and be "light and salt" in the world. In keeping with the academic tradition and philosophy of this university to equip the triad of head, heart, and hands, this course is designed to facilitate the following learning objectives. Upon completion of this course, students should be able to: Head: Demonstrate knowledge of the acumen and practices associated with the discipline of graduate managerial finance.

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Heart: Demonstrate an understanding of the principles of managerial finance in relationship to the Christian worldview. Hands: Effectively demonstrate the practice and usage of managerial finance technique into personally and professionally relevant settings. Course Outcomes Corporate finance is central to the operation of every organization. This course explores application of the theoretical aspects of corporate finance. At completion of the course, students will be able to:  Use application financial theory and its associated tools to analyze financial performance and strength. 

Make capital budgeting decisions based on application of common financial principles.

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Determine capital structures, stock valuation, and financial strategy using CAPM and other appropriate means.

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Utilize established methods and analysis to assess risk, return, opportunity cost, and cost of capital concepts.

Assignment Weights Homework, Exams, and Other Assignments (30%) Weekly assignments from the text (via Excel©) Chapter and Topic Exams (40%) Exams, will be given each week over course material covered during previous class sessions. Students will be notified of exams in this syllabus and/or at least one class period in advance and be thoroughly aware of the exam terms and topics, format and method of delivery. In all cases, unless otherwise directly instructed, you are expected to do your own work on the weekly, mid-term, and final exam. If, in the instructor’s judgment, you fail to do so, you will receive a significant grade reduction or a zero on the work involved. Additionally, the incident will be reported to the academic dean for appropriate action. Final Exam – Comprehensive (30%) During the last week of class you will be given a finance based case for comprehensive analysis or a more traditional, problem/scenario based exam. This will be completed the JBU Blackboard system. Specific instructions for submitting your final exam will be provided. The final exam must be completed to receive a passing grade in the course (a passing grade is ≥C.) Final exams not submitted on the assigned date will be assessed an immediate 20% penalty. Exams submitted more than 24 hours past the

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due date will be assessed a 30% penalty. Credit will not be given for work submitted more than 48 hours past the due date. Policy on late assignments (strictly enforced)  Work not submitted on the assigned date, before 6:00pm, may be assessed an immediate 20% penalty.  Work submitted more than 24 hours past the due date may be assessed a 30% penalty.  Credit may not be given for work submitted more than 48 hours past the due date.  Late assignments should be submitted as instructed via the course Blackboard system. Policy on extra credit: Extra credit will not be offered. Proposed Class Session and Work Due Schedule

Proposed schedule of topics and corresponding text chapters The instructor reserves the opportunity to administer in-class quizzes covering various selected topics during ANY class session. Course Week

Text Chapters

1

2

2

3

3

4&5

4

8&9

Potential Assignments Week 1 assignments are due the first day of Week 2 and so on throughout. Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz. Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz. Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz. Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz.

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Course Week

Text Chapters

6

11

7

16

8

Final Exam

Potential Assignments Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz. Topical, problem based Excel assignments, relevant case analysis, and (potentially) current topics quiz. Final exam (comprehensive Chapter Two through Chapter 16, focus on Chapters Seven through 16)

Information provided in this syllabus is not a contract, but rather a guideline, and thus subject to change at the instructor’s discretion as circumstances warrant. Grading Procedures: Assessment of student’s mastery of the course objectives is measured through weekly topic exams, a comprehensive mid-term exam, and a comprehensive final exam. Participation, Attendance, and Professionalism Homework, Quizzes, and Other Assignments Chapter & Topic Exams Final Exam – Comprehensive

(-) as needed 30.0% 40.0% 30.0% 100.0%

Grade Evaluation Course grades are based on the following grade scale: Percentage Grade Points Percentage Grade Points 93 - 100 A 4.0 83 - 86.99 B 3.0 90 - 92.99 A3.7 80 - 82.99 B2.7 87 - 89.99 B+ 3.3 77 - 79.99 C+ 2.3

Percentage 73 – 76.99 C 2.0 ≤72.99 Failing grade

NOTE: Final scores are not rounded in any way, up or down. At the end of the course, they are what they are.

Academic Expectations John Brown University is a selective academic institution that consistently ranks among the top southern baccalaureate universities in the U.S. News and World Reports college rankings. As a student here, you are expected to devote significant time and effort to your academic courses. This course has been designed with the expectation that students will spend, on average, approximately 13 hours± preparing for each class session. Furthermore, an “A” grade in this course signifies exceptional achievement, not merely completion of assignments. Effective, precise communication is essential in business. Students are expected to produce high quality, professional writing in all of their courses. Elements of good writing, such as spelling, punctuation, grammar, logic, clarity, sentence construction, and composition, will be 5

graded. Formal research papers must adhere to APA style guidelines for all classes in the Graduate Business Program. An instructor may remove a student from a class if, in the instructor's judgment, the student displays behavior that is uncivil, defiant, or otherwise disruptive to the classroom learning environment. Students dismissed from a class may not return to the class without the permission of the professor. Discussion Board: Use of the class Discussion Board is not required but is highly recommended. Students are encouraged to post questions about the weekly homework assignments and monitor posts every day. Everyone is encouraged to post help and reinforcement for homework issues. Posts, questions, may be made on Test assignments on the Discussion Board, though help and advice is limited to instructor input. Attendance: Because this is an accelerated course the importance of continuous, active, and timely participation becomes critical. Absents, assignment submission and delays, should be cleared with the instructor. No make-up work is available. Failure to attend just one week of participation will result in a significant loss of instruction. Individuals with more than two absences, excused or unexcused, cannot complete the class with a passing grade, ≥C. Classroom Technology: (not applicable for online classes) Faculty of the Donald G. Soderquist School of Business recognize the importance of technology in the workplace and support appropriate uses of technology in the classroom. Inappropriate use of laptops, cellular phones, and other devices, however, is distracting and disrespectful to your instructor and fellow students. Laptops, for example, may be used for taking notes, but personal uses such as checking email or chatting online are clearly inappropriate during class time. During class, we need your focus and participation. Students who do not abide by this policy may be asked to leave the class and will receive substantial grade penalties (in the form of minus % in the Participation, Attendance, and Professionalism category, up to -10%.) Right to change this Syllabus: This syllabus is not a contract, but rather a guideline, and thus subject to change at the instructor’s discretion as circumstances warrant. Other Items Please refer to the John Brown University catalog and Business Division Policies for other items relating to classroom procedures.

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