Course Syllabus
COLLEGE OF GRADUATE & PROFESSIONAL STUDIES
SYLLABUS
Course N°: GM561 Course Title: Financial Management - Hybrid
Credits: 3 Term: Term 2 - 2017/18 Winter
Section: 1 Location: Hybrid
Faculty: Dr. Michael Mooiman Website:
Email: HYPERLINK "mailto:[email protected]"[email protected]
Office Hours: Manchester. Weds 9 am to 5 pm
Phone: 508-328-6870
Manchester Office (603) 647-3500
Table of Contents
Required Text Materials 2
Catalog Description 3
Learning Outcomes 3
Prerequisites 3
Demonstrated competency in Accounting. Normally this involves having taken an undergraduate accounting course. Do not even attempt this course if you do not have a foundational competency in Accounting. 3
Course Format 3
Course Teaching and Learning Methodology 3
Reference Style 5
Absence from Class 5
Assessment 5
Technical Requirements 7
Academic Dishonesty Policy 8
Important Dates 8
Syllabus Change 9
About the Instructor 9
Course Schedule 10
College of Graduate & Professional Studies Page 1 of 10
Required Text Materials
Financial Management: Theory & Practice, 15th Edition Eugene F. Brigham & Michael C. Ehrhardt
ISBN-13: 978-1305632295
An e-Book is available for less cost but this only gives you access to the text for one year. As this is an important and very useful course for your future career in business, you might indeed want a textbook for your bookshelf that you can refer to as your career progresses. The book is also available for rent. See highlighted comments below regarding the availability of the textbook through the CengageNow package.
Used copies of this text are available on Amazon and other used book sites.. If you purchase a book, it will not include the CengageNow package. You will have to purchase that separately. See below.
CengageNOW 2-Semester Instant Access Code for Brigham/Ehrhardt's Financial Management: Theory & Practice, 15th Edition
ISBN13: 978-1-337-09808-3
The access code for the CengageNow package can be purchased at https://www.cengagebrain.com/shop/ProductDisplay?langId=-1&storeId=10151&catalogId=10057&productId=147768
for $140. Important: Please note that the CengageNow package is not the ThomsonOne card found in some textbooks. This card simply gives you access to online financial data.
Please note that the CengageNow package includes a digital version of the textbook that is only available for 6 months. You can save some money this way but many students opt for the hardcover of the textbook and the CengageNow package. Note that the CengageNow Access Code is not an option. It is a requirement of the course.
Business Calculator capable of handling variable cash flow and time value of money problems. There are several good business calculators available for about $30. My personal recommendation is the Texas Instruments BA II Plus. I use this calculator and if you have problems with your TI, I can normally talk you through any problems. I will be referring to this calculator on my Powerpoint slides during the course as well. I probably will not be able to help you as easily if you use an HP or Sharp business calculator. Please make sure your calculator is accessible when you are working on the material and especially during quizzes and exams. You will not be able to manage in this course without this calculator. You can purchase the calculator online, or at retail stores such Staples, OfficeMax, Target or Walmart. I have not seen it as an official Android app yet but you can also get it as a iPhone app at http://education.ti.com/en/us/products/apps/baii-plus-iphone-app/features/features-summary. There are also other financial calculator apps available for your smart phone – some free and some for a few dollars. This could be a cost efficient way to go but if you use these, you are on your own as each app is different and I will not be able to help you if you get stuck. Excel also has all the necessary functions you will need but here again you will be on your own to find the correct function among all the embedded Excel functions.
RECOMMENDED READING:
I recommend that you routinely peruse two international periodicals: The Economist (London), and the Wall Street Journal – www.wsj.com
Your calculator manual. Learn how to use the various functions and how to change the number of significant digits displayed. This will be very important for interest calculations.
Catalog Description
This course concerns the management of financial resources. Topics include capital structure, present value, valuation, financial planning, as well as risk management. Sound management strategy is applied to decision making.
Learning Outcomes
Upon completion of this course, students will be able to:
Understand the interrelated parts and dynamics of the business system: investment, operations, and finance.
Develop the skills needed to manage operating funds within varying operating fund cycles.
Analyze and forecast financial performance from the viewpoint of owners, managers, lenders and creditors.
Analyze investment decisions as they relate to the strategic perspective of the business.
Understand and calculate cost of capital
Use financial concepts and techniques to manage for shareholder value.
Prerequisites
Demonstrated competency in Accounting. Normally this involves having taken an undergraduate accounting course. Do not even attempt this course if you do not have a foundational competency in Accounting.
Course Format
Course Teaching and Learning Methodology
To accomplish course objectives, there will be a combination of online lectures, assigned reading from the textbook, weekly homework problems, threaded discussion contributions, weekly quizzes, mid-term and final exams as well as case analyses.
Expectations of Students
This is a tough, quantitative course. There will be a lot of number crunching involved and lots of problems to be solved. Be sure to allocate enough time weekly to read the assigned chapters, follow the Powerpoint slides, solve the homework problems, take the online quizzes and participate in the online discussions.
Make wise use of resources provided including the text, Powerpoint slides, the CengageNow course package, course instructor, other students, and current publications.
Regular on-line and in-class student participation is a very important aspect of this course and a key part of your grade. Regarding the live classes please note the following. You can miss one class, no big deal; if you miss 2 classes, it will reduce your overall grade by 10%; and if you miss 3 classes, I will have to withdraw you from class. Also note the threaded discussion policy
Complete each section of the course by the required date. Late assignments and exams will receive half credit if turned in within 7 days of the due date. No credit will be given for assignments turned in seven days past the due date.
All weekly assignments are due by midnight of the Sunday preceding the start of the following week. For example, if we start our course on a Monday, the assignment for that week is due by midnight of the following Sunday.
Excessive absences as well as lack of in-class and on-line participation will result in the student being dropped from the course. No communication from you for three consecutive class meetings for any reason is cause for me to initiate an administrative withdrawal. Please note that the withdrawal does not excuse course payment unless withdrawal is during the first week of class. Except in the case of extreme emergency there are no "incomplete" grades in this course.
Please do not attempt to work ahead. I often change and update the course shell the day before we start a new section.
Module Paper : This should integrate not only principles learned in this class but how they relate to the MBA in Leadership program. This paper is usually due before the last unit.
.
Course Requirements
Class Participation
The participation grade will be based on the quality of what you contribute to the class via the threaded discussions and not on how much you post or say in class.
Homework:
There are 11 homework assignments. Each assignment is explained in the homework assignment section of the unit. The assignments will need to be completed online using the CengageNow package.
Quizzes and Exams
Each week there will be a brief quiz covering material from the previous week. These quizzes are meant to familiarize you with the type of question that might appear on your midterm and final exam.
The midterm and final exams will be three hour exams covering the key concepts and calculations that were presented in each section.
You will need a financial calculator for each quiz and exam.
The quizzes and exams will need to be completed online using the CengageNow package you received with your textbook.
Module Paper
This should integrate not only principles learned in this class but how they relate to the MBA in Leadership program. This paper is usually due before the last unit
Safeguards
Back up every piece of work you do on disk, and make a hard copy. If you experience computer difficulties, you are responsible for solving your own technical problems. The e-College Help Desk is available 24 hours a day for course-related problems. Heavy Internet use occurs during the evening hours of 8:00 - 10:00 p.m. You might want to consider logging on at other times if possible.
Deadlines
Odd things happen in cyberspace: emails get lost; servers disconnect temporarily; logins are impossible. Don't wait for the last moment to get things done. Allow time to meet deadlines. Reply and check for replies on every email sent and received. You are responsible for getting the work to me on time.
Reference Style
Please cite all references using APA style. You will find style tips at the APA online site located at http://www.apastyle.org/previoustips.html. Specific help in citing electronic sources can be found at http://www.apastyle.org/elecref.html. A free link to the current APA Style Guide is available from Purdue University at http://owl.english.purdue.edu/owl/resource/560/001. Additional help in the APA citation style is available at http://thewritedirection.net/apastyle.htm. A sample APA style paper may be found at http://dianahacker.com/writersref/. Once there, follow the link to Model Papers, and download the APA paper. Use it as a reference on what your paper should look like. The most important formatting aspects are: cover page, Reference Page, appearance of the headers, and in line references. Finally, although with some flaws, it is a good idea to use the online Citation Machine available at http://citationmachine.net/.
As a word of advice, please, do not wait until the last moment to complete your work. If you do, you run the risk of experiencing unanticipated problems that might prevent your from completing your work on time. Whenever possible, consider alternative schedules.
Classroom Etiquette
Students are expected to be familiar with the Student Code of Conduct, available at the campus office, or online at HYPERLINK "http://www.franklinpierce.edu/pages/StudentLife/conduct.html"http://www.franklinpierce.edu/pages/StudentLife/conduct.html.
Make sure you are familiar with online etiquette, by visiting HYPERLINK "http://www.netmanners.com/"http://www.netmanners.com/.
Absence from Class
Students are expected to attend each class meeting. The instructor must be notified of any absence as soon as possible. Three absences will result in withdrawal from the class. Please note that withdrawal from the course after the add/drop period requires payment.
Assessment
Threaded Discussions 20%
Quizzes 5%
Midterm 10%
Final Exam 20%
Homework 40%
Module Paper 5%
Total 100%
Grades are earned during the course and are a reflection of the student’s efforts and the quality of work. Grading, by necessity, is somewhat subjective. Even so, grades are non-negotiable and there are no opportunities during or at the end of the course to earn extra credit.
Grade Calculation
The total points accumulated will be converted to the GPS grading scale at the end of the semester. The following score criteria will be used:
Grade |
Definition |
Quality Points |
Score |
A |
Excellent |
4.00 |
93.00-100 |
A- |
Very Good |
3.67 |
90.00-92.99 |
B+ |
Very Good |
3.33 |
87.00-89.99 |
B |
Satisfactory |
3.00 |
83.00-86.99 |
B- |
Unsatisfactory |
2.67 |
80.00-82.99 |
C+ |
Unsatisfactory |
2.33 |
77.00-79.99 |
C |
Unsatisfactory |
2.00 |
73.00-76.99 |
F |
Unsatisfactory |
0.00 |
0.00-72.99 |
Threaded Discussion Guidelines
Threaded Discussion Guidelines
Here is the threaded discussion rubric I use to grade threaded discussions.
Threaded Discussion Rubric |
Max. Points |
Earned Points |
Posting |
1 |
|
Engaged in discussion |
1 |
|
Quality |
2 |
|
Independent Research |
1 |
|
Total |
5 |
|
I grade using the following five point scale
Have you posted: 1 point
Have you been engaged in the discussion during the week; 1 point
You get full credit if you post for each discussion on three days. If you have a flurry of postings at the end of the week (last two days) to meet the deadline you will not get credit for being engaged in the discussion. You should note that you will need to follow and participate in the threaded discussion during the week. You will not earn good grades by restricting your contributions to just one or two day over the weekend.
Quality: 2 points
I would like to see good quality discussion with numbers, data and well presented arguments. Posting such as “Good idea”, “I like their products” and “I heard that …” do not qualify as quality postings. Please pay attention to the previous posts and make sure you do not repeat the same points. This is a conversation with one another, not a conversation between you and me. You need to listen and learn from your classmates and then make your own contributions. Move the conversation forward. Do not repeat what has already being covered. That is annoying in a face to face conversation and even more so in an online discussion.
Independent Research: 1 point. You will get credit for going out and doing some independent research and reporting back to us what you have learnt. Simply providing us a link to a website with a “Check this out!” or “Interesting Website” comment does not count. Tell us what you learned and always cite the source of your material
Technical Requirements
In order to use the Course Website, you must comply with the technical information provided by the school’s online campus. For more information, please visit the Browser Test Page.
For further assistance in this area, please contact [email protected] or call (877) 740-2213.
To gain access to selected handouts, students will need to download the most recent version of Adobe Acrobat Reader. This software is available for free at: http://www.adobe.com.
Students will require Microsoft Office. There is an open source alternative. If you are interested, you may visit the Open Source alternative (http://www.openoffice.org) and download the software for free. This productivity software is similar to Microsoft Office, and includes word processor, spreadsheet, presentation, drawing, and database software. If you understand the techniques of file conversion you may do just fine with a current version of MS Works, Word Perfect, or the Lotus Office Suite. Just be aware that any project turned in must be in Microsoft Office readable file structures.
Add/Drop Policy
The add/drop period is the first week of classes (8 calendar days). Courses may be added and/or dropped during this period without additional charge. Individual courses dropped during the add/drop period do not appear on the student’s transcript; there is no tuition charge for such courses. Tuition charges for the term are established based on one’s course load at the end of the add/drop period. A course dropped after the end of the add/drop period becomes a withdrawal; see the section below for applicable policies. Requests to drop or add courses will not be accepted after the add/drop period.
Course Withdrawal Policy
Students have the option of withdrawing from a course from the end of the add/drop period through the end of the 5th week of classes in a term. Students are required to complete a Student Initiated Course Withdrawal form when withdrawing from a course. In order to understand the full impact of withdrawing from the course, students must communicate with and obtain signatures from the course instructor, their academic advisor(s) and Student Financial Services prior to submitting the form to the Center. Athletes are required to obtain a signature from their coach/compliance officer.*
A grade of W will be recorded on the student’s permanent record as a result of this action. The W will not affect the student’s grade point average. After the 5th week, students must receive a letter grade for the course as assigned by the course instructor. This grade will be recorded on the student’s official academic record and will be included in the student’s grade point average.
Faculty may withdraw a student from a course at any time after add/drop if the student’s
presence or absence is detrimental to the learning environment; if this withdrawal is after week 5, then the instructor must issue a letter grade, not a W. Students who are withdrawn by faculty will be notified in writing and will have the opportunity to appeal. Appeal guidelines will be communicated to the student at the time of withdrawal. All withdrawn courses count as attempted credits.
*Students taking online courses may secure instructor, SFS and athletic department signatures
via Franklin Pierce University email.
Student Code of Conduct
The following is a link to the Code of Conduct .
HYPERLINK "http://www.franklinpierce.edu/academics/gradstudies/programs_of_study/CGPS_Code_of_Conduct.pdf"http://www.franklinpierce.edu/academics/gradstudies/programs_of_study/CGPS_Code_of_Conduct.pdf
Special Accommodations:
In accordance with the Americans with Disabilities Act, any student who has a documented physical, learning, or emotional disability* will be provided with reasonable accommodations designed to meet his or her needs. Before any such assistance can occur, it is the responsibility of the student to see that documentation is on file with the Academic Services Center at Franklin Pierce University in Rindge and that the advisor has a copy of the Accommodation Plan developed by the ADA coordinator. Please attend to any need for accommodations as soon as possible.
*Documentation cannot be more than three years old.
For additional information, please contact:
Phone: (603) 899-4126 Fax: (603) 899-4395
Academic Dishonesty Policy
Franklin Pierce University requires all students to adhere to high standards of integrity in their academic work.
Since plagiarism strikes at the very heart of the academic enterprise, it is taken very seriously at Franklin Pierce. Plagiarism is the act of stealing or passing as one’s own the ideas or words of another. Specifically, this includes:
copying the words of another student from examinations, themes, term papers or theses;
copying the printed words or ideas of a writer without giving credit to the author;
“failing to cite quotations and borrowed ideas,
failing to enclose borrowed language in quotation marks,
failing to put summaries and paraphrases in your own words”;
using, borrowing, stealing, presenting or downloading another’s ideas/writing and submitting such material as your own work, in whole or in part, that has been previously submitted in another course without prior permission of the current instructor.
Hacker, D. (2007). A writer’s reference. (6th ed.). Boston: Bedford/St. Martin’s Press.
The minimum penalty for a first offense for all forms of cheating, including plagiarism, is subject to the instructor’s discretion, with mandatory placement of a documented record in the student’s file in the office of Graduate and Professional Studies. For a second offense of cheating, including plagiarism, the student will receive a one-semester, non-deferrable suspension from the University. For a third offense of cheating, including plagiarism, the student will be dismissed from the University. In any case discussed above, the ultimate discretion lies with the Dean’s office of the College of Graduate and Professional Studies.
There is no excuse for academic dishonesty. The instructor will not tolerate any form of dishonesty in this course.
Important Dates
Withdrawal from the course must be done before the start of the second week of the term.
Module Paper (Due at the end of Week 11)
What have you learned in this class? Briefly summarize the course. What are the essential elements you derived from the course? Remember, only include what you learned !
How is this relevant to your workplace/other activities? Can you apply course learning to your immediate future?
How does the new learning apply to your strategy/foundation paper? How does the course learning fit in with your basic foundation paper strategic plan? Do you need to reevaluate your original plan? Does the course material help move you toward your final goal?
Portfolio Artifacts
In addition to written module papers, students are encouraged to add artifacts to the Portfolio. Artifacts are items which are evidence of learning. For example, if a student took a course in planning and as a result developed a new plan for retention of staff in the workplace, artifacts might include 1) the plan, 2) a letter about the plan from the boss, 3) a promotion letter mentioning the plan, 4) a write-up in the company newsletter, etc. These artifacts can be submitted with the module paper as an appendix with a reference within the body of the paper.
Examples of artifacts include:
Anecdotal records
Article summaries or critiques
Awards/certificates
Bulletin Boards (pictures or design of)
Community documents (newspaper articles, newsletters, bulletins, etc)
Computer programs
Essays
Interviews (printed transcripts)
Radio/Television appearances (audio, video tapes)
Journals
Letters
Meeting Minutes
Peer Critique
Photographs
Professional Organization activities
Project Summaries
Research Papers
Schedules
In service education
Community presentations
Contracts
Consulting reports, assignments
Plans
Volunteer experiences
Promotion, work assignments
Syllabus Change
The syllabus is accurate at the time of preparation. Dates may change at the discretion of the instructor. Prior notice will be provided whenever possible.
About the Instructor
Dr. Michael Mooiman is a full-time Associate Professor in the College of Graduate and Professional Studies at Franklin Pierce University. He is an experienced engineer, scientist and business leader. His experience includes senior level management positions at the General Manager, CEO and Vice President levels. He has extensive international business experience and has also been the Director of various scientific research and engineering groups in Africa and the US. His graduate level education includes a MSc. (Chemistry) from the University of the Witwatersrand, South Africa, a PhD in Metallurgical Engineering from the University of Utah and a MBA from Northeastern University. He holds two US patents and has over 30 scientific and technical publications. He has being at Franklin Pierce for six years and previously he was in the in the Finance Department at Bryant University. His research interests include business turnarounds, business and engineering management in developing nations and the management of water, mineral and energy resources. He consults for various private and governmental organizations on issues on operations improvements, energy and engineering management. He was recently a Fulbright scholar and spent his sabbatical in Botswana studying solar energy installations.
Course Schedule
There are twelve units to be covered during the term. Each week will cover one unit.
Session N° |
Date |
Topics |
Due |
Assigned Readings |
1 |
|
Introduction, The Corporation, Financial Markets and Financial Statements Review |
|
1 & 2 |
2 |
|
Financial Statement Analysis |
|
3 |
3 |
|
The Time Value of Money |
|
4 |
4 |
|
Bond Valuation |
|
5 |
5 |
|
Stock Valuation |
|
7 |
6 |
|
Working Capital Management & Midterm Exam |
|
16 |
7 |
|
Risk, Return, Portfolio Theory and the Capital Asset Pricing Model |
|
6 |
8 |
|
The Cost of Capital and Fundamentals of Capital Budgeting |
|
9 & 10 |
9 |
|
Cash Flow Estimation |
|
11 |
10 |
|
Corporate Valuation and International Finance |
|
12 & 17 |
11 |
|
Capital Structure, Financial Distress and Bankruptcy |
|
15 & 24 |
12 |
|
Pulling it Together, Review & Final Exam |
|
|
1010

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