Financing Organizations - CityU



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Syllabus

School of Business

BSC 402: FINANCING ORGANIZATIONS

5 Credit Hours

Effective: June, 2010

Required Resources (continued)

Financial Calculators

Students should note that (as mentioned on the cover page of this document) in order to meet the course requirements they will need to have, and be able to use, a financial calculator. Two recommended models are the Hewlett Packard 10B and the Texas Instruments BAII plus. An alternative is acceptable, as long as it is a financial (not scientific) calculator with the internal rate of return (IRR) function. Students should acquire a suitable calculator and use the instruction manual, if necessary, to learn how to make the basic settings and to solve the types of time value of money problems covered in the relevant textbook chapter. Two important settings are the number of annual payments (1/12) and for payments occurring at the beginning or end of a period. This preparation should be done before the first scheduled session or week devoted to the time value of money. Course instructors are not responsible to give tutorials on calculator use.

BSC 402: Financing Organizations

FACULTY

Faculty Name:

Contact Information: Email:

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Course Description

This course is an examination of the analytical tools used to manage and control finances. Concepts studied include: the acquisition and oversight of working capital; intermediate and long-term financing; and the cost of capital and capital budgeting. Prerequisites: BSC 401 or Principles of Accounting course, and BC 303, Interpreting Statistics and Data.

Course Resources

Required and recommended resources to complete coursework and assignments are listed on the My.CityU portal at Library>Resources by Course.

CItyU Learning Goals

This course addresses the following City University learning goals: Professional Competency and Professional Identity, Strong Communication and Interpersonal Skills, and Lifelong Learning.

Program Context

Financing Organizations is intended for undergraduate business majors who will not necessarily be accountants, but who need to use financial information to make informed business decisions. Students will become familiar with the concepts and terminology of accounting from the viewpoint of senior management considering the alternatives available, and their relative cost, in obtaining financing for a publicly-traded corporation. Although Generally Accepted Accounting Principles (GAAP) are discussed, the focus in this course is on management decisions related to obtaining capital necessary for strategic operations and long-term planning.

Course Outcomes

In this course, learners…

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• Analyze the overall financial health of a firm through the computation of liquidity, solvency, and profitability ratios;

• Apply the concepts of operating and financial leverage to product and financing decisions;

• Improve the corporate working capital position through cash and current asset management;

• Evaluate the effectiveness of short-term financing alternatives;

• Determine the effect of depreciation on cash flow;

• Derive the weighted cost of capital of a corporation;

• Apply time value of money (TVM) analytical techniques to solve effective rate, current bond and stock valuation problems, and similar applications involving both single sum and annuity calculations;

• Describe the element of long-term debt financing decisions, including bond yields and prices, and bond ratings;

• Compare the elements of common and preferred stock;

• Apply the theories and techniques of financial management in an international business environment.

Core Concepts, Knowledge, and Skills

In this course, students acquire a working knowledge of the following accounting terms, products, and tools; principles, roles, management responsibilities, and external entities:

• Proprietorships, Partnerships, and Corporations;

• Earnings Per Share, Price/Earnings Ratio, Financial Ratios, Financial Analysis;

• Cash Flow Measurement, Determination of Liquidity and Solvency;

• Operating Leverage, Financial Leverage, Breakeven Analysis;

• Required New Funds, Working Capital, Current Asset Management;

• Annual Percentage Rate, Hedging, Present Value Calculations, Future Value Calculations;

• Corporate Bonds, Cost of Capital, Capital Budgeting, MACRS;

• Common Stock, Preferred Stock, Treasury Stock, Preemptive Rights;

• Capital Budgeting, Net Present Value, Internal Rate of Return;

• Capital Markets, Investment Banking;

• Common Stock Financing, Preferred Stock Financing, Dividend Policy and Retained Earnings;

• International Finance.

Overview of Course Grading

The grades earned for the course will be derived using City University of Seattle’s decimal grading system, based on the following:

|Overview of Required Assignments |% of Final Grade |

|Two Case Studies |30% |

|Four Online Quizzes |15% |

|Group Project |20% |

|Participation |15% |

|Comprehensive Final Assessment |20% |

|TOTAL |100% |

Student Introductory Assignment (SIA)

City University requires that you submit a Student Introductory Assignment (SIA). This SIA must be completed during the first week of your course. The SIA consists of introducing yourself in the Discussion Forum titled: Student Introductory Assignment. It is designed to begin the online class experience by letting us know you are in class and facilitating interaction. It is due at the end of the first week. Your instructor will notify City University at the end of the first week as to whether or not you completed your SIA.

For students receiving financial aid, the timely submission of the SIA will be used to fulfill financial aid reporting obligations. If you have any questions or concerns about financial aid requirements, please contact the financial Aid Office at 800.426.5596.

Specifics of Course Assignments

Case Studies

Case Study One: Your instructor will assign a case study, either from the Case Study Book which accompanies the text, or equivalent work to be researched on the Web. This study will provide the opportunity to apply several of the concepts, terms, and financial exercises learned in the early chapters of the course. Topics may include ratio analysis and comparison, breakeven analysis, determination of interest rates, computation of working capital, current asset management, liquidity and solvency determination, or similar.

Case Study Two: Your instructor will assign a case study, either from the Case Study Book which accompanies the text, or equivalent work to be researched on the Web. This study will provide the opportunity to apply several of the concepts, terms, and financial exercises learned in the later chapters of the course. Topics may include determination of a company's weighted average cost of capital; present and future value analysis of competing investment opportunities; calculation of the cost of obtaining new financing; comparison of common stock and preferred stock characteristics; exploration of international money markets and foreign rates of exchange; or similar.

Grading Criteria for Case Studies

| Accuracy |75% |

|Completeness |25% |

|  |  |

|TOTAL |100% |

Group Assignment

Students will be randomly placed into small groups of two to four people. As assigned by the instructor, or requested by the students and approved by the instructor, each group will research and document a current subject pertinent to one of the main areas of accounting studied in the course. Examples of subject matter may include "What is the Revenue Recognition Project?", or "What Long-Term Effect Will the Collapse of the Sub-Prime Mortgage Market Have on Government Oversight of the Preparation of Accounting Statements?" As detailed elsewhere, 75% of each student's individual grade will be objectively based upon the project itself (research, documentation, presentation), and the other 25% of each student's individual grade will be based upon the subjective assessment of that student's contribution to the group project, as determined by all the members in that particular group, including the student himself or herself.

Grading Criteria for Group Assignment

|Purpose/Thesis |15% |

|Statement | |

|Content |45% |

|Writing Mechanics |15% |

|References |25% |

|  |  |

|TOTAL |100% |

Quizzes and Final Examination

Quizzes will be announced by your instructor. You should be prepared to answer multiple-choice, matching, and multiple-choice questions involving calculations. Additional instructions will be posted as announcements by your instructor.

A final examination is due at the end of module10 of the course. A study guide and instructions are included in Course Resources for that unit. Your instructor may elect to provide interest tables if they are necessary, but you should also have a financial calculator during your examination. Your financial calculator should be a single purpose financial calculator and can not have the ability to store text or notes of any kind. When writing the examination, you should provide clear, well-labeled answers. Partial credit may be earned based on the work and methodologies demonstrated, even if a math or other error has occurred causing an incorrect answer. All supporting calculations should be labeled, well organized, and presented on the pages provided. The final exam will be closed book and proctored. No notes or extra paper are allowed. It will be necessary for you to designate a proctor and a form may be found for this purpose by clicking on Syllabus.

Grading Criteria for Quizzes/Examinations

|Accuracy |100% |

| | |

|TOTAL |100% |

Course Policies

This document provides an overview of the course foundation elements, assignments, schedules, and activities. For information about general, City University of Seattle policies, please see the City University of Seattle catalog. If you have additional questions about the course, please contact your instructor.

Attendance

Students taking courses in any format at the University are expected to be diligent in their studies and to attend class regularly. Regular class attendance is important in achieving learning outcomes in the course and may be a valid consideration in determining the final grade. For classes where a physical presence is required, a student has attended if s/he is present at any time during the class session. For online classes, a student has attended if s/he has posted or submitted an assignment.

Late Assignments

Students are expected to meet submission requirements for assignments in a timely manner. Evaluation includes an assessment of timeliness. Late assignments jeopardize your learning, and may also penalize your classmates as most assignments will not be returned to students until all students have submitted their work. Late submission of assignments may be penalized up to 50% of the grade per late week. Your instructor will provide additional details.

Quizzes, exams, and comprehensive assessments must be taken at the scheduled times. Any absences or late submissions must be approved before the scheduled assessment date, by your instructor. Not completing a quiz, exam, or comprehensive assessment in a timely manner will result in a grade of zero unless a student has been preapproved by the instructor to complete the assessment at an alternative time.

Participation

Whether in class, online, or in a mixed mode setting, students will be graded on their participation in classroom discussions; their ability to present, explain, or defend alternative viewpoints; and the degree to which they have mastered the concepts and principles inherent in the study of accounting at this introductory level. Written work will be assessed not only on relevance to the subject presented, but also on adherence to good written form and professional presentation.

Students are expected to be actively engaged in a discussion or other activities. Active engagement means contributing substantive, thoughtful and reflective responses. For online classes, students must post their initial responses during the first three days of the week, and their responses to other students’ postings during the last four days of the week.

Professional Writing

All assignments submitted for this course should be of professional quality. The presentation should always take into account your intended audience.

This course requires that you use the American Psychological Association (APA) style in preparing any required research papers, or any written work where other sources are used. A style guide is included in the “Required Text and Materials” section. Refer to this style guide for proper format, referencing methods, and bibliographic format. References should be cited for all facts, ideas, conclusions, and opinions not your own.

A proper title page should preface all written assignments, unless otherwise required. The title page should include: your name, the title of the paper, the name and number of the course, the start date of the course, the date submitted, and the name of your instructor.

Generally, your work should be prepared in Word or Excel, and all narrative portions should be double spaced. Electronic submission of all work is encouraged in face-to-face courses and required in online courses. See the instructions for the graded assignments for more information about format. If financial statements or accounting records are required, they should be in good form. Some assignments may require that your work be prepared on a computer spreadsheet.

Your instructor may have different or additional requirements for the submission of written work.

University Policies

You are responsible for understanding and adhering to all of City University of Seattle’s academic policies. The most current versions of these policies can be found in the university catalog that is linked from the CityU Web site.

Academic Integrity

Scholastic honesty in students requires the pursuit of scholarly activity that is free from fraud, deception and unauthorized collaboration with other individuals. You are responsible for understanding CityU’s policy on scholastic honesty and adhering to its standards in meeting all course requirements. A complete copy of this policy can be found in the university catalog in the section titled Scholastic Honesty under Student Rights & Responsibilities.

Support Services

Disability Resources

If you are a student with a disability and you require an accommodation, please contact the Disability Resource Office as soon as possible. For additional information, please see the section in the university catalog titled Students with Special Needs under Student Rights & Responsibilities.

Library Services

In order to help you succeed in this course, you have access to library services and resources 24 hours a day, seven days a week. CityU librarians can help you formulate search strategies and locate materials that are relevant to your coursework. For help, contact a CityU librarian through the Ask a Librarian service. To find library resources, click on the Library link in the My.CityU portal.

SmartThinking

As a CityU student, you have access to 10 free hours of online tutoring, including writing support, from certified tutors 24 hours a day, seven days a week. Contact CityU’s Student Support Center at info@cityu.edu to request your user name and password.

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