Timetable (Subject to Change)



Finance 3320 Syllabus

Fall - 2012

Module Topic - Financial Management: A Survey of Finance

Dr. Mark E. Moore W311 Rawls College of Business (834-1789)

Department of Finance Email: mark.moore@ttu.edu

Texas Tech University Web Page:

Course Meeting Times:

Section 1 Tuesday and Thursday 8:00 – 9:20

Section 2 Tuesday and Thursday 9:30 – 10:50

Common Exam Days – Thursdays – 6:00 – 8:00pm

Office Hours: Wednesday 10-12 and 2-3;

Graduate Assistant: Mr. Artem Meshcheryakov

Fin3320 “Help Desk”: Mon., Tues., and Thurs. 6-8pm in BA 101

Wednesday Evenings 6-9pm BA 101

Prerequisites: ACCT 2300, 2301, ECO 2301, 2302, and MATH 2345, and a minimum 2.75 Texas Tech GPA

Introduction

This course is designed to provide any student in the College of Business, regardless of intended major, a fundamental understanding of the various main themes in the field of finance. We will be examining these main themes of financial management from a Corporate (business) perspective; a Capital Markets and Investment perspective; and, finally, examine the role and mechanisms of financial institutions that link businesses and capital markets.

 

Unit objectives

This unit has been designed to be relevant for a broad group of customers representing all majors in the College of Business (Accounting, Finance, ISQS, International Business, Management, and Marketing. As a subject and profession, Finance is an applied subject grounded in fundamental economic theory. Hence, this course will provide you the skills to tackle practical financial problems while having a reasonable theoretical background and understanding to guide your approach to analysis.

 

Broad learning outcomes

 

On completion of this course, you should be able to:

1) Know the advantages and disadvantages of different organizational forms

2) Understand the finance goal of the firm

3) Know the different types of financial markets and securities

4) Understand corporate financial statements (balance sheet and income statement) and their relation to financial ratios and corporate cash flows

5) Understand the difference between accounting net income and taxable income

6) Understand how to value a set of cash flows using time value of money formulas

7) Understand how to use time value of money formulas to value stocks and bonds

8) Understand the determinants of market interest rates

9) Know how to use net present value, internal rate of return, and payback methods for evaluating new projects and understand why the net present value method is the best evaluation method

10) Understand the basics of estimating project cash flows and a project’s cost of capital

11) Know how to calculate the risk and return of a financial security

12) Obtain a historical perspective of risk and return in the financial markets

13) Understand the theoretical relation between risk and return

14) Understand market efficiency

15) Understand how a firm raises capital by borrowing money and issuing securities

16) Understand the role of investment banks in helping firms issue new securities and the role of commercial banks in accepting deposits and providing capital to individuals and businesses

 

Required:

Textbook:

Titman, Keown, Martin – Financial Management: Principles and Applications

Custom Edition prepared for Texas Tech – Loose Leaf Binding Style with Accompanying software and learning Technology Access.

Learning Technology Included: Pearson Publishing MyFinanceLab

Publisher: Pearson Custom Publishing

Calculator: Texas Instruments BA II Plus Calculator (financial calculator)

Interactive Clicker or Response-Ware Capability: Either an IR Clicker or Response-Ware License from Turning Technology

Grade Determination and Components:

Exams: There are 4 regularly scheduled exams. Three will take place during the semester and the fourth exam takes place during the scheduled final exam period. Each exam will cover new material. Although the exams are not cumulative, the concepts in the course are. The dates of the exams are indicated in the course timetable. They are common evening exams for both sections and are scheduled on Wednesday evenings, beginning at 6pm. All four of these exams will be used in the determination of your final course grade. Plan your schedule around these exam dates as late exams or make-up exams will neither be offered nor accepted.

On-Line Homework and Quiz Assignments: Online assignments will come from the MyFinanceLab technology that Pearson Publishing bundles with the textbook. The homework assignments will primarily be due on Sunday nights or late in the school week. They are designed to better prepare you for the course exams.

Percent Course Total

• Exams: 4 @ 20% 80%

• Online Assignments 20%

---------------

Course Total 100%

 

Final Course Grade Policy:

100 – 93 A 89 – 82 B 79 – 72 C 69 – 62 D

92 – 90 A- 81 – 80 B- 71 – 70 C- 61 – 60 D-

MyFinanceLab is a wonderful technology application that is a gateway to the course and material. It was developed by Pearson as an alternative to Blackboard. We will use this technology for the online assignments (homework) and as a repository of relevant course information and supplements. Please explore this site.

MyFinanceLab Registration: Once you have purchased the textbook from the Pearson Web Store, you will receive your text at an evening information session that is held at the beginning of the semester. Bring your laptop to the session and, with the help of the Finance Association, we will help you register your technology at

Textbook Purchase Instructions: Titman, Keown and Martin is a Custom Published text that comes bundled with the MyFinanceLab learning technology. In order to control costs for you, the students, we are only making this material available for purchase at the Publisher’s web store. The purchasing instructions are on my course web site: Follow these directions carefully.

Timetable (Subject to Modification)

|Date | |Material Covered | |Topic and Assignments |

|Tue–Aug 28 |1 |Chapter 1 | |Course and Financial Mgmt. Overview |

|Thu–Aug 30 |2 |Chapter 1 | |Financial Management Overview |

| | | | | |

|Tue–Sep 04 |3 |Chapter 2 | |Firms and Financial Markets |

|Thu-Sep 06 |4 |Chapter 2 | |Firms and Financial Markets |

| | | | | |

|Tue–Sep 11 |5 |Chapter 3 | |Basic Financial Statements |

|Thu–Sep 13 |6 |Chapter 3 | |Basic Financial Statements |

| | | | | |

|Tue–Sep 18 |7 |Chapter 4 | |Financial Statement Analysis |

|Thu–Sep 20 |8 |Chapter 4 | |Financial Statement Analysis |

|Dallas Trip | |Recruiting/FirmTours | |Finance Association 19th – 21st |

| | | | | |

|Tue–Sep 25 |9 |Chapter 5 | |Time Value of Money Basics |

|Thu–Sep 27 |10 |Chapter 5 | |Time Value of Money Basics |

|Thu–Sep 27 | |Exam 1 | |Evening Exam on Chapters 1-4 |

| | | | | |

|Tue–Oct 2 |11 |Chapter 6 | |Time Value of Money Applications |

|Thu–Oct 4 |12 |Chapter 6 | |Time Value of Money Applications |

| | | | | |

|Tue–Oct 09 |13 |Chapter 7 | |Introduction to Risk and Return |

|Thu–Oct 11 |14 |Chapter 7 | |Introduction to Risk and Return |

| | | | | |

|Tue–Oct 16 |15 |Chapter 8 | |Risk and Return – Capital Market Theory |

|Thu–Oct 18 |16 |Chapter 8 | |Risk and Return – Capital Market Theory |

|Thu–Oct 18 | |Exam 2 | |Evening Exam on Chapters 5-7 |

| | | | | |

|Tue–Oct 23 |17 |Chapter 9 | |Debt Valuation and Interest Rates |

|Thu–Oct 25 |18 |Chapter 9 | |Debt Valuation and Interest Rates |

| | | | | |

|Tue–Oct 30 |19 |Chapter 9 | |Debt Valuation and Interest Rates |

|Thu–Nov 01 |20 |Chapter 10 | |Stock Valuation |

| | | | | |

|Tue–Nov 06 |21 |Chapter 10 | |Stock Valuation |

|Thu–Nov 08 |22 |Chapter 11 | |Capital Budgeting – Decision Criteria |

|Thu–Nov 08 | |Exam 3 | |Evening Exam on Chapters 8-10 |

Timetable (Subject to Modification) – Cont…

|Date | |Material Covered | |Topic and Assignments |

|Tue–Nov 13 |23 |Chapter 11 | |Capital Budgeting – Decision Criteria |

|Thu–Nov 15 |24 |Chapter 12 | |Cash Flow Estimation and Risk Analysis |

| | | | | |

|Tue–Nov 20 |25 |Chapter 12 | |Cash Flow Estimation and Risk Analysis |

|Thu–Nov 22 | |No Class | |University Holiday - Thanksgiving |

| | | | | |

|Tue–Nov 27 |26 |Chapter 12 | |Cash Flow Estimation and Risk Analysis |

|Thu–Dec 1 |27 |Chapter 14 | |Cost of Capital |

| | | | | |

|Tue–Dec 4 |28 |Chapter 14 | |Cost of Capital |

| | | | | |

|Fri – Dec 7 | |Final Exam Day | |Section 2 (9:30 Class) – 7:30 – 9:30am |

|Wed–Dec12 | |Final Exam Day | |Section 1 (8:00 Class) – 7:30 – 9:30am |

Important Dates:

Thursday Sep 27 - Exam 1 Chapters 1-4

Thursday Oct 18 - Exam 2 Chapters 5-7

Thursday Nov 08 - Exam 3 Chapters 8-10

Exam 4 Chapters 11, 12, 14

 

Student Disabilities Policy:

Any student who, because of a disabling condition, may require special arrangements in order to meet course requirements should contact the instructor as soon as possible.  Students should present the appropriate documentation from AccessTech verifying their disability, and outlining the special arrangements required.  No accommodations will be provided disabled students prior to completion of this approved University process.

Student Academic Integrity Policy:

Ethical conduct is an important component of any profession. The Texas Tech University Code of Student Conduct is in force during all elements of this course. Students violating any portion of the Academic Code will be sanctioned and prosecuted to the fullest extent provided by the University. Ours’ should be a self-monitoring profession. Your reputational capital is the greatest asset you will bring to the market. It is hard to gain, too easy to tarnish, and nearly impossible to recover. It is the obligation of all students to report violations of the honor code in this course.

“Academic dishonesty" includes, but is not limited to, cheating, plagiarism, collusion, falsifying academic records, misrepresenting facts, and any act designed to give unfair academic advantage to the student (such as, but not limited to, submission of essentially the same written assignment for two courses without the prior permission of the instructor) or the attempt to commit such an act.

Texas Tech Student Handbook, 2005-2006, Code of Student Conduct, Part IX, Section B, item number 3.



Consequences of Cheating:

• You are expected to do your own work. Any student submitting copied material for grading or otherwise cheating on graded material will receive an “F” in the class and I will seek your expulsion from the university. The Department of Finance adheres to the University’s policy on academic honesty as contained in the University Catalog.

Behavior:

Troublesome behavior, as defined by the university, is anything that disturbs the professor or the students during the class period. I will not tolerate disrespectful behavior in my class or in any correspondence you might have with me.

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