Course Overview: Finance 3240 provides students with an ...



Course Summary: Finance 3403 is an introductory course providing an overview of the financial environment, investments, and corporate finance. The course introduces students to the terminology and tools of finance, including the time value of money, valuation, risk, and return. It examines the role of markets and financial institutions, as well as the financial management of the corporation.

Instructor: Steven R. Scheff/ Tel: (941) 590-7315/ Email: sscheff@fgcu.edu /Office: Reed Hall -Room 129

Prerequisites and other requirements: (1) ACG 2021, ACG 2071, ECO 2013, ECO 2023, CGS 1100, MAC 2233, and STA 2023 each with a grade of C or higher; and (2) a hand-held financial calculator, such as the TI BAII PLUS.

Grading: Exams will consist of true-false, multiple choice, short essay, and mathematical problems. The course grade will be determined as follows:

Exam 1..........................................................…..…..15%

Exam 2..........................................................…..…..20%

Exam 3………………………………………………………………..20%

Exam 4 (Final Exam).................................……………..30%

Class participation/homework/quizzes..……………..…….15% (See comment nos. 1 and 2 below)

A = 90% or better B = 80-89% C= 70-79% D = 60-69% F = less than 60%

Required Course Text: Fundamentals of Corporate Finance, Alternate, Fifth Edition, by Ross, Westerfield and Jordan, published by Irwin McGraw-Hill.

Policies & Guidelines:

1. Attendance: You should attend all class sessions, and be prepared to participate in discussion of the material to be covered. This includes our first class on January 15. If you must miss a session, you should obtain the notes from a classmate. You are responsible for knowing all material covered in class. That includes new material, assignments, exams, and changes to the syllabus.

2. Homework and Quizzes: Written responses to the assigned questions and problems from the textbook will be collected from time to time on the due date shown in this syllabus, and quizzes may be given to help ensure that students are keeping abreast of the material. Quizzes will cover material from the previous session as well as the current session.

3. Academic Integrity: Students are expected to do their own work on exams and assignments. Students will exhibit the highest ethical and moral standards while in class or participating in any class related activities.

4. Other: As a general rule, there will be no make-up exams. Special arrangements might be made only in the case of a documented real emergency or severe hardship which could not have been reasonably anticipated (i.e., serious illness or death in the immediate family).

5. Assistance: As a general rule, I will be available to meet with you individually before class. Other arrangements may be made by appointment.

6. Disability Accommodations Services: Florida Gulf Coast University, in accordance with the Americans with Disabilities Act and the University’s guiding principles, will provide classroom and academic accommodation to students with documented disabilities. If you need to request accommodation in this class due to a disability, or you suspect that your academic performance is affected by a disability, please see me or contact the Office of Multi Access Services located in the Student Services Building, room 214. The phone number is 590-7925 or TTY 590-7930.

Tentative Course Outline

Tuesday, January 15 Introduction and review of syllabus; Chapter 1 Introduction to Corporate Finance.

Thursday, January 17 Chapter 1 (cont.); Concepts Review Questions 3, 6, 11, and 13.

Chapter 2 Financial Statements, Taxes, and Cash Flow.

Tuesday, January 22 Chapter 2 (cont.); Concepts Review Questions 1, 2, and 7. Problems 1, 2, 6, 10, 14, and 21.

Thursday, January 24 Chapter 3 Working with Financial Statements

Tuesday, January 29 Chapter 3 (cont.); Concepts Review Questions 1, 5, and 9. Problems 2, 3, 5, 7, 10, 13, 16, and 26.

Thursday, January 31 Chapter 4 Long-Term Financial Planning and Growth

Tuesday, February 5 Chapter 4 (cont.); Problems 2, 4, 9, and 23.

Thursday, February 7 Exam 1 Chapters 1 - 4

Tuesday, February 12 Review of Exam 1; Chapter 5 Introduction to Valuation: The Time Value of Money

Thursday, February 14 Chapter 5 (cont.); Concept Review Questions 3 and 4. Problems 2, 3, 4, 5, 7, 8, 11, 12, 16, and 18.

Tuesday, February 19 Chapter 6 Discounted Cash Flow Valuation

Thursday, February 21 Chapter 6 (cont.)

Tuesday, February 26 Chapter 6 (cont.); Concept Review Questions 2, 3 and 5. Problems 1, 2, 7, 9, 14, 18, 20, 31, 39, 41, 45, 48, 57, 58, and 66.

Thursday, February 28 Chapter 7 Interest Rates and Bond Valuation

Tuesday, March 5 Chapter 7 (cont.); Concepts Review Question 4. Problems 3, 4, 5, 6, 10, 17, 18, and 25.

Thursday, March 7 Exam 2 Chapters 5 - 7

March 11 – 17 Spring Break

Tuesday, March 19 Review of Exam 2; Chapter 8 Stock Valuation

Thursday, March 21 Chapter 8 (cont.); Concepts Review Question 5. Problems 2, 4, 6, 8, 16, and 18.

Tuesday, March 26 Chapter 9 Net Present Value and Other Investment Criteria

Thursday, March 28 Chapter 9 (cont.); Problems 6, 7, 8, 9, 16, and 17c, d, and e.

Friday, March 29 Last day to withdraw without academic penalty.

Tuesday, April 2 Chapter 12 Some Lessons from Capital Market History; Problems 1, 2, 4, 7, 8a & b, and 12.

Thursday, April 4 Exam 3 Chapters 8, 9, and 12

Tuesday, April 9 Review of Exam 3; Chapter 13 Return, Risk, and the Security Market Line

Tentative Course Outline (cont.)

Thursday, April 11 Chapter 13 (cont.); Concepts Review Questions 2 and 5. Problems 2, 4, 5, 8, 11, 15, and 17a, b, and c.

Tuesday, April 16 Chapter 14 Cost of Capital and Long-Term Financial Policy

Thursday, April 18 Chapter 14 (cont.); Concepts Review Question 3. Problems 1, 2, 6, 9, 10, and 20.

Tuesday, April 23 Chapter 18 Short Term Finance and Planning

Thursday, April 25 Chapter 18 (cont.); Problems 1, 2, 5, 11, and 14.

TBD Exam 4 (Final)

Problem numbers in boldface may be addressed

through the Financial Analysis Spreadsheet Templates (“F.A.S.T.”)

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