- UNIVERSITY OF CENTRAL FLORIDA College of Business Administration FIN 6404-B001, Foundations of Finance Monday/Wednesday 6:00 – 9:50 p.m. Location: BA2 Room 0207 Summer B 2008 Instructor: Karen Chambliss, Ph.D. Telephone: 321-823-4174 e-mail: [email protected] Website: http://www.bus.ucf.edu/kchambliss/ Office Hours: by appointment before or after class Course Syllabus Course Description: Corporate Finance is a study of the concepts and tools of corporate financial management. This course addresses the three basic questions for the financial management of corporations: (1) what assets will the corporation invest in (capital budgeting), (2) where will the capital be raised to fund these projects (capital structure), and (3) how will the firm collect from its customers and pay its bills (net working capital). Ethics and international aspects in financial decision making are considered. Course Objective: Students will learn the basics of corporate finance in preparation for the MBA program. They will learn to analyze projects for capital budgeting, determine the net working capital needed for the corporation to function, and gain an understanding of the determinants of the firm’s capital structure. Course Text: Required: • Essentials of Corporate Finance, 6th edition by Ross, Westerfield, and Jordan; McGraw-Hill/Irwin; 2008 (ISBN 13: 978-0-07-340513-1) http:// www.mhhe.com/rwj • A financial or scientific calculator is required. Suggested: A MAJOR news source is essential to relate textbook material to current events.
- FIN 6404-B001, SUMMER 2008, CHAMBLISS Course Outline CLASS CHAPTER TOPIC 6/23 Review syllabus 1 Introduction to Financial Management 2 Financial Statements, Taxes, and Cash Flow 6/25 3 Working with Financial Statements 16 Short-term Financial Planning 6/30 4 Introduction to Valuation: Time Value of Money 5 Discounted Cash Flow Valuation 7/2 Supplemental Exam 1 7/2-7/5 Testing Lab Exam 1 7/7 6 Interest Rates and Bond Valuation 7 Equity Markets and Stock Valuation 7/9 8 Net Present Value & Other Investment Criteria 7/14 9 Making Capital Investment Decisions 7/16 Supplemental Exam 2 7/16-7/9 Testing Lab Exam 2 7/21 10 Some Lessons from Capital Market History 11 Risk and Return 7/23 12 Cost of Capital 7/28 13 Leverage and Capital Structure 14 Dividends and Dividend Policy 7/30 Supplemental Exam 3 7/30-8/1 Testing Lab Exam 3 Attendance Policy: Attendance will be monitored.
- Course Requirements: In-class Supplemental Exams Three In-class Supplemental Exams are scheduled: Wednesday, 7/2; Wednesday, 7/16; and Wednesday, 7/30. Students will individually produce the solution to a set of problems relating to the exam material that will be time constrained (90 minutes) and closed book. The supplemental exam will be given in class. Partial credit will be awarded if work is shown. Each supplemental exam will count towards 16 2/3% of the overall course grade. Testing Lab Exams Three exams will be administered through the College of Business Testing Lab. Each exam will count towards 16 2/3% of the overall course grade. Time limit: 80 minutes Exam 1 available from 7:00 a.m. 7/2 to 8:30 p.m. 7/5/08 (7/4 is a holiday and the Testing Lab will be closed all day.) Exam 2 available from 7:00 a.m. 7/16 to 8:30 p.m. 7/19/08 Exam 3 available from 7:00 a.m. 7/30 to 8:30 p.m. 8/1/08 Check the Testing Lab hours and location at the following website: http://www.bus.ucf.edu/testinglab/ Exam Review: Problems and questions are suggested as a study guide for exams. The file, Exam Review, is posted in Webcourses and on my website http://www.bus.ucf.edu/kchambliss. The questions and problems are selected to reinforce material discussed in class and better prepare you for the exams. If you have difficulty with the suggested questions and problems, schedule an appointment immediately to work through the problems. Grading Policy: Each exam will constitute 1/6 of your final grade. The grading scale is as follows: 90 - 100% = A 80 - 89% = B 70 - 79% = C 60 - 69% = D below 60 = F NOTE: Make-up exams are a rare privilege and not an entitlement. Extending the time you have to prepare for an exam is unfair to your fellow students. Only extreme circumstances will warrant a make-up exam and these circumstances must be officially documented. You must notify me in advance of the regularly scheduled exam time if you appeal for a make-up exam. This syllabus is subject to change at the instructor’s discretion.