DEPARTMENT OF FINANCE & MARKETING
FINANCE 155 - 01 & 02: FINANCIAL
MANAGEMENT - Intermediate Theory
FALL 2004
Professor
of Finance
Office Hours:
TR
Office: Tehama 459
Phone:
898-6387
Course Description
This class
adopts an integrated approach to financial management, including study of
financial theory and its application to financial decision-making.
Course Requirements
· Prerequisite: Survey of Finance (FIN
150), required. You should not enroll in this class if you have not completed
the prerequisite.
· Working knowledge of EXCEL,
PowerPoint and WORD.
· Calculator: A financial calculator
is required. Your calculator must have net present value (NPV), internal rate
of return (IRR) and cash flow (CF) functions.
Course Materials
· Financial Management: Theory and
Practice, 11th edition, Brigham and Ehrhardt,
2005 Thomson Learning, Inc., required.
· http://www.swlearning.com/finance/brigham/theory11e/theory11e.html
features the online interactive
study session. Also available are video clips, downloadable supplements, and
articles on current topics in finance.
· WebCT. Important class
information and your grades in progress are available in our course WebCT at https://online2.csuchico.edu
Case Presentation
To reinforce the concepts covered in this course and to strengthen
the communication skills, students are required to make oral PowerPoint
presentations. Students will work on the case collaboratively in the groups of
four or five. The presentation should be approximately 15 minutes and the
presenters should be prepared to respond to specific questions from the class.
Case instructions and presentation schedule will be posted in our course WebCT.
Exams
There will be two mid-term exams and a final exam (see course
calendar for exam dates). The final exam is comprehensive covering the course
material for the entire semester. Online sample test questions are available at
http://www.swlearning.com/finance/brigham/theory11e/theory11e.html
No make-up exam is allowed unless you present a serious compelling
reason. If you miss an exam and cannot demonstrate extreme hardship, you will
receive a score of "0".
Course Goals
The
objectives are to reinforce and to extend the concepts and techniques covered
in FIN 150: Survey of Finance. In FIN 150 you were exposed to the key financial
topics but you probably did not learn enough to actually “do finance”. After
FIN 155, however, you should be able to analyze a variety of financial problems
and actually make financial decisions.
Class Attendance and Participation
Since learning is enhanced by discussion, regular attendance is
required and active class participation is encouraged. Class roll will be taken
on a regular basis. It is your responsibility to obtain class notes and
assignments from other members of the class whenever you are absent.
Dropping the Class
If you want to drop the class, it is your responsibility to
initiate and follow through on the action. Do not assume the instructor will
drop you from a course if you quit attending class. University regulations
specify several conditions for dropping a class and the relevant cutoff dates.
If you intend to drop a course, do it right away, or
you may miss a critical cutoff date.
Academic Honesty
You are expected to maintain a high standard of academic honesty.
Dishonesty may bring grade reduction or other sanctions as provided in Section
IV-A of the University Code. Copies of the University Code are available from
the Office of the Coordinator for Student Judicial Affairs, Kendall Hall 110.
Also see the chapter titled "Student Judicial Affairs" in the
University Catalog.
Grading Policy
You will earn points from the following:
2
Mid-Semester Exams @25 points each = 50 points
Case Presentation = 10 points
Final exam = 40 points
Your grade
will be determined based upon the total points earned from the required
activities.
94 points
and above = A
90 to below 94 points = A-
87 to below 90 points = B+
83 to below 87 points = B
80 to below 83 points = B- etc.
Students
with good attendance and active class participation will be rewarded in terms
of grade enhancement (e.g., from C- to C, from B+ to A-, etc.) No extra credit
assignment will be allowed to make up for missed assignments and/or poor exams.
Such assignments usually lead to perceptions of unequal treatment and endless
conflict.
Course Schedule and Assignments
The following schedule gives the chapter
coverage/assignments. The lectures will stress the most important and/or most
difficult material. Your comprehension of the material will be enhanced if you
read the chapters before they are covered in class.
Sessions:
Chapter 1. An Overview of Financial Management and the
Financial Environment
From
Chapter 3. Financial Statements, Cash Flow, and Taxes
From
Chapter 13. Analysis of Financial Statements
From
Chapter
2: The Time Value of Money
From
Exam
#1
From
Chapter
6: Bonds and Their Valuation
From
Chapter
7: Stocks and Their Valuation
From
Chapter 4. Risk and Return: The Basics
From
Chapter 5. Risk and Return: Portfolio Theory and Asset
Pricing Models
From
Exam
#2
From
Chapter
9: The Cost of Capital
From
Chapter 10. Capital Budgeting Decisions
From
Thanksgiving
Break
From
Chapter 16. Capital Structure Decisions
From
FIN
155 Common Final Exam in Tehama 106 @ 8:00 - 9:50am
From