Fin320 syllabus 18sp sec07 (12089) updated PDF

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CALIFORNIA STATE UNIVERSITY, FULLERTON MIHAYLO COLLEGE OF BUSINESS AND ECONOMICS DEPARTMENT OF FINANCE FIN 320: Financial Management I Spring Semester 2018, Section 07 (12089) Instructor: Thanh Nguyen Phone: 657-278-7953 Office: SGMH 5130 Email: [email protected] Office Hours: Tuesday and Thursday 2:15 – 3:45 p.m. or by appointment (Please use email to arrange appointments) Classroom and meeting time Section 07: SGMH 1313, Tuesday and Thursday, 1:00 – 2:15 p.m. 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 (CAPM) and cost of capital. Integrate international corporate finance. Required Text Fundamentals of Corporate Finance Custom Package for California State University, Fullerton FIN 320, Jonathan Berk, Stanford University, ISBN-13: 9781323817995. ***Important*** The textbook title reads "3rd custom edition." This means this is the third edition Pearson has customized for the course. The text content itself is based off of the 4th edition of Fundamentals of Corporate Finance (Berk/Demarzo/Harford) Do purchase the package which includes MyFinanceLab. See page 5 and 6 for the picture of the textbook cover and purchasing options. Required Materials 1. Financial Calculator (HP 10B II or Texas Instruments BAII PLUS) 2. Required: purchase and use of MyFinanceLab, a computerized on-line homework software package. If you purchase your text new with MyFinanceLab, the book and software price is about $115. Titanium All class material, announcement, grades and other information will be posted on Titanium. MyFinanceLab is used for online quizzes and homework only. Prerequisite and corequsite Prerequisite: ACCT 201A. Corequisites: ISDS 361A and BUAD 301. Classes are subject to administrative audit at any time during the semester. Any unqualified student will be administratively dropped. Course Objective

To learn and understand the fundamental principles and applications of corporate finance, which are outlined in the Guide to Finance 320, Required Competencies and Study Tips, in the textbook. These competencies are described in detail along with focus questions, related reading and study problems. Assessment 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 potential improvement. In other words, you are making an important investment in the value of your degree. Evaluation 1. Quizzes and Homework Assignments (on MyFinanceLab) 2. 2 Midterm Exams – In Class 3. Valuation Exam (on MyFinanceLab) 4. Comprehensive Final – In Class (Chapters 1,2,3,4,5,6,7,8,9,11,12, & 13)

15 40 total (20 each) 15

30 100 points

The final grades are based upon the instructor’s evaluation of the student performance and will not be subject to negotiation after they are assigned. The final letter grades may be affected by a class curve and are approximately based on the following scale: 98 ≤ total ≤ 100 94 ≤ total < 98 90 ≤ total < 94 88 ≤ total < 90 84 ≤ total < 88 80 ≤ total < 84

A+ A AB+ B B-

78 ≤ total < 80 74 ≤ total < 78 70 ≤ total < 74 68 ≤ total < 70 64 ≤ total < 68 60 ≤ total < 64 total < 60

C+ C CD+ D DF

Course Policies 1. CHANGES TO THE SYLLABUS MAY BE MADE DURING THE TERM – Students are responsible for attending class and being aware of any relevant changes. 2. Plus/minus grading will be used in this course. Please note that you would need a letter grade of C or better to pass this course. A C- or below will count as failing the course and the course will have to be retaken by the student. 3. Quizzes and Homework: There are 10 pre-lecture quizzes and 12 homework assignments. 10 quizzes and 10 homework will be counted toward your grade (the 2 lowest homework scores

4.

5. 6.

7. 8. 9.

will be dropped at the end of the term). Use www.myfinancelab.com (register and complete quizzes and homework on-line). The Valuation Exam is a departmental requirement and will be administered through MyFinanceLab. You will be allowed 2 attempts, and your best grade is recorded. The Guide to Finance 320 in the textbook, contains information about these exams. A formula sheet will be provided to you during the exams. You are allowed to bring one sheet (can be two-sided) of handwritten notes to exams. Make-up exams are not given. Valid excuses (typed, signed and verified) for missed exams will be considered in the final grading. The course outline lists dates for the exams. You are responsible to take the exams whenever they are given, even if the date changes from this syllabus. You must take each exam with the section in which you are enrolled. Dates and terms for withdrawal are as outlined for the CSUF in the Course Schedule. CSUF student ID must be displayed during all exams; exams will only be given to enrolled students that show a valid picture ID. Academic dishonesty, as defined by University policy in the 2015-2016 CSUF Catalog, will result in appropriate University level disciplinary and academic action. The Department of Finance requires that students engaging in academic dishonesty receive a grade of F. In addition, Department policy requires that all individuals engaging in academic dishonesty be reported to the Vice President, Student Affairs. Academic dishonesty takes place whenever a student attempts to take credit for work that is not his/her own or violates test-taking rules. Examples of academic dishonesty during test taking include looking at other student's work, passing answers among students or using unauthorized notes. When students sitting next to each other have identical answers, especially the same mistakes, this may indicate academic dishonesty.

10. Students with disabilities: The University is committed to supporting all students and providing reasonable accommodations when it is possible and appropriate to do so. Students with temporary or permanent disabilities may receive assistance and support services through the Disabled Student Service Office, UH 101, 714-2783117, www.fullerton.edu/disabledservices. This office reviews documentation and determines the necessary specific accommodations for students with disabilities. Students with a disability are entitled to reasonable accommodation after they have identified themselves as a student with a disability. Those students must request specific accommodations and provide documentation in support of their request. The student will be given a form which then must be given to me. This form will advise me of the reasonable accommodation that is to be provided.

Tentative Class Schedule Date Lecture Week 1

- Introduction to class. - Ch01 ‘Corporate Finance and the Financial Manager’ i, iii Week 2 Jan 30 + Ch02 ‘Introduction to Financial Statement Feb 01 Analysis’ ii, iii, iv Week 3 Feb 06 + 08 Ch03 ‘Time Value of Money: An Introduction’ Week 4 Feb 13 + 15 - Ch03 cont. - Ch04 ‘Time Value of Money: Valuing Cash Flow Streams’ Week 5 Feb 20 + 22 - Ch04 cont. - Review for Midterm 1 Week 6 Feb 27 + - Feb 27: Midterm 1 (Ch 1-4) Mar 01 - Ch05 ‘Interest Rates’ Week 7 Mar 06 + 08 - Ch05 cont. - Ch06 ‘Bonds’ Week 8 Mar 13 + 15 - Ch06 cont. - Ch07 ‘Stocks’ ii Week 9 Mar 20 + 22 - Ch07 cont. - Ch08 ‘Investment Decision Rules’ Week 10 Mar 27 + 29 No Class – Spring Break Apr 02 – Apr 08 Valuation Exam Administered through MyFinanceLab (Ch 3, 4, 6, 7) Week 11 Apr 03 + 05 - Ch08 cont. - Ch09 ‘Fundamentals of Capital Budgeting’ Week 12 Apr 10 + 12 - Ch09 cont. - Review for Midterm 2 Week 13 Apr 17 + 19 - Apr 17: Midterm 2 (Ch 5-9) - Ch11 ‘Risk and Return in Capital Market’ Week 14 Apr 24 + 26 - Ch11 cont. - Ch12 ‘Systematic Risk and the Equity Risk Premium’ Week 15 May 01 + - Ch12 cont. 03 - Ch13 ‘The Cost of Capital’ Week 16 May 08 + - Ch13 cont. 10 - Review for Final exam. May 15 Final Exam Noon-1:50 PM (Chapter 1-9, 11-13). The Final Exam is a common exam for the Department of Finance. The roman numeral code following most topics indicates coverage of perspectives: i) Ethical issues; ii) Global issues; iii) Political, social,

Assignment due

Jan 23 + 25

- Pre-lecture quiz (Tu)

- Pre-lecture quiz (Th)

- Pre-lecture quiz (Th) - Pre-lecture quiz (Th) - Pre-lecture quiz (Th) - Pre-lecture quiz (Th)

- Pre-lecture quiz (Th)

- Pre-lecture quiz (Th) - Pre-lecture quiz (Th)

- Pre-lecture quiz (Th)

the following business legal, regulatory, and

environmental issues; and iv) Technological issues.

Purchasing Options: Bookstores- bookstores are the only option students can buy the value pack that contains both the access to MyFinanceLab and the custom textbook, ISBN-13: 9781323817995. Little Professor Textbooks - 725 N Placentia Ave 725 N Placentia Ave, Fullerton, CA 92831 (off campus store) Price to students: $114.95 (as of 1/11/18) Titan Bookstore (on campus bookstore) Price to students: $118.00 (as of 1/11/18) Online Purchase Options (Digital Only Options, no physical book) - Purchase through MyFinanceLab.com, *These prices are subject to change from term to term* - Links will be provided to you closer to the start of classes. MyFinanceLab Access with full custom Ebook-text: $106.00 MyFinanceLab Access only, no Ebook-text: $58.00...