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UNIVERSITY OF NEW ORLEANS
FINANCE 3300 - FINANCIAL MANAGEMENT

Principals of Financial Management - Finance 3300-721
7:40-10:25 Tuesday evenings.  Jefferson Center.
Spring, 2009 SYLLABUS

OFFICE HOURS: Before class and by appointment.  I am an adjunct faculty member (part-time), I am never in the department office. I generally arrive to school around 30 minutes before class, see me then or email me, I can respond quickly.

REQUIRED TEXT:  
Eugene F. Brigham and Joel F. Houston, Fundamentals of Financial Management: Concise Fifth Edition, Thompson - Southwestern, 2007.

Selectively Recommended: The Study Guide to accompany Brigham and Houston's Fundamentals of Financial Management: Concise Fifth Edition, Thompson - Southwestern, 2007, for students that find this course extra difficult.

Recommended: The perusal of business publications, such as the Wall Street Journal, Barron's, and Business Week, especially regarding their financial data.

Required: A Financial Calculator with present and future value functions for single amounts and annuities (PV, FV, PMT), and ideally net present value (NPV) and internal rate of return (IRR) functions that handle different cash flow amounts over time.  NOTE:  I see many different types of calculators in my classes, use what you want but know how to use it.  The course and text are written off of a Texas Instruments BA II calculator; the calculator and its use are your responsibility.

CATALOG DESCRIPTION/PREREQUISITES:  Introduction to investment, financing, and dividend decisions of business firms.  Topics include valuation, capital budgeting, working capital management, capital structure and cost of capital, sources of financing, and dividend policy.  The prerequisite for this course is Economics 1203 (Principles of Microeconomics), or Economics 1200 (Economic Principles).

COURSE OBJECTIVE: To give the student an understanding of corporate financial management.

This course presents topics in financial management, such as financial statement analysis, capital budgeting analysis, working capital (accounts receivable, inventory, cash and marketable security) management, stock and bond valuation, capital structure and cost of capital, and interest rate determination methods. Some integration of international finance in these topics is also presented, because of its significant impact on financial management.  This course also presents a general view of the financial system, including the financial market system, financial institutions, the firm's objective in the business environment, and the history of financial management.

This course mostly deals with the tools of financial analysis, and as such, is most often analytical as opposed to descriptive.  Mathematical techniques in financial analysis are frequently presented, although the extent involves simple algebra (no matrix algebra or calculus).  A major part of the success in this course depends on diligent attention to the problem assignments at the end of chapters as shown in the course outline, and class attendance.

Each semester classes vary and we tend to move through information slightly differently than a previous semester, it is for that reason that I do not assign specific dates to the subjects.  The "weeks" are approximations.  When exams approach, we will discuss an exam date in class that serves the majority at the time.  Exam dates will allow plenty of time between completing the material that will be tested and the exam itself.

  • Week 1 - Introduction, Chapter 1, An Overview of Financial Management.  Chapter 2, Time Value of Money.
  • Week 2 - Chapter 3, Financial Statements, Cash Flow, and Taxes. 
  • Week 3 - Chapter 4, Analysis of Financial Statements. 
  • Week 4 - Test 1:  Chapters 1-4
  • Week 5 - Chapter 5, Financial Markets and Institutions.
  • Week 6 - Chapter 6, Interest Rates. 
  • Week 7 - Chapter 7, Bonds and their Valuation.  Test 2:  Chapters 5,6,7
  • Week 8 - Chapter 8, Risk and Rates of Return.
  • Week 9 - Chapter 9, Stocks and Their Valuation.
  • Week 9 - Chapter 10, The Cost of Capital.
  • Week 10 - Test 3:  Chapters 8,9,10
  • Week 11 - Chapter 11, The Basics of Capital Budgeting.
  • Week 12 - Chapter 13, Capital Structure and Leverage
  • Week 13 - Chapter 14, Distributions to Shareholders: Dividends and Share Repurchases.  Test 4:  Chapters 11,12,14
  • CUMULATIVE FINAL EXAM:    TUESDAY, MAY 5, 2008, same class time and room

This course will be fast moving. For those who are non-business majors, this course will give you plenty of real-world, real-life, hands-on investment knowledge. Business majors will find many of the topics in this course used in more advanced finance courses.

MISSED CLASS: Make arrangements with a colleague to secure notes. You don’t have to notify me if you are unable to attend class.

EXAMS: Exams will cover approximately FOUR chapters.  We will decide as a class when the exams will be given and either over four or five chapters. The exams will be comprised of problem, definition and theory type questions.  Questions will be objective, i.e. multiple choice and true/false, and will be computer graded.  The final exam will be comprehensive, whereas all other exams will include on a non-cumulative basis the material shown in the course outline. 

Bring a SCANTRON (Blue OR Green) form (available at the bookstore) to record your answers for each exam. If this is day class, I will have each exam graded immediately after all are collected and post the scores on this website by special code; if a night class, I will have them graded the next available day and post the scores on this website by special code.

  • On the SCANTRON form:
  • 1. Print your name in the spaces provided and "bubble-in" the corresponding letters on the form.
  • 2. Print in a number in the "Special Code" area of the form and "bubble-in" the corresponding numbers on the form. It is illegal to post grades by social security number or by name, your grade will be posted by special code so that you and only you know your score. Your special code is what ever you want it to be. Make one up.  You will lose two points on the exam if the scantron form is not properly filled out.
  • Since the final is comprehensive, you may "drop" your lowest exam grade. You may not drop the final. You may not be exempt from the final. You may not "make-up" a missed exam, use the missed exam as the "drop."
  • Grading:
    90 – 100% = A
    80 – 89 = B
    70 – 79 = C
    60 – 69 = D
    0 – 59 = F
    EXAM VALUES:
    Exam 1 = 25%
    Exam 2 = 25%
    Exam 3 = 25%
    Exam 4 = 25%
    Final Exam = 25%


     

  • Accommodation for Students with Disabilities: Student who qualify for services will receive the academic accommodations for which they are legally entitled. It is the responsibility of the student to register with the Office of Disability Services (UC260)

     

  • Academic integrity: Academic dishonesty will not be tolerated.  Academic dishonesty includes, but is not limited to, the following:  cheating, plagiarism, tampering with academic records and examinations, falsifying identity, and being an accessory to acts of academic dishonesty.  Refer to the UNO Judicial Code for further information. 

    http://www.uno.edu/%7Estlf/Policy%20Manual/student_policy_manual_frames.htm


  • I HOPE YOU ENJOY THE COURSE