SYLLABUS

1. Wayland Baptist University, San Antonio Campus, School of Business

2. Mission Statement: Wayland Baptist University exists to educate students in an academically challenging, learning-focused and distinctively Christian environment for professional success, lifelong learning, and service to God and humankind.

3. Course: FINA 3309-SA01 – Financial Management

4. Term: Fall 2009

5. Instructor: Neil David

6. Office Phone and email: 210-274-1566, neildavid1@gmail.com

7. Availability: 30 minutes before class and anytime by appointment.

8. Class Meeting Time and Location: Fall, 6:00 to 10:00. Fridays from August 21 through October 30. We will be meeting at Randolph Air Force Base, Building 208, Room 29.

9. Catalog Description: The course addresses the role of the financial manager, the tax environment and its effects on business decisions, the time value of money, cash and capital budgeting, financial statements, working capital, money markets and their regulators, monetary policy and its relation to the firm, and financial forecasting.

10. Prerequisites: ACCT 2305 or ACCT 3307, or concurrent enrollment, or consent of division.

11. Required Textbook and Resources:

BOOK	AUTHOR	ED	YEAR	PUBLISHER	ISBN#	REVIEW
Foundations of Financial Management	Block	13th	2009	McGraw-Hill	0-07786203-4	Spring 10

12. Optional Materials: You will need a calculator for this class. It is recommended (but not required) that this be a financial calculator. We will also be using Excel for many of the financial problems, so you are encouraged (but not required) to bring laptops to class that have Excel loaded on them.

13. Course Outcome Competencies:

• Identify the goals and functions of the financial manager.
• Define the time value of money and compute results for single amount and annuity present and future value problems.
• Construct various pro forma financial statements and use them to develop financial forecasts.
• Explain working capital management.
• Assess risk management decisions and compute leverage measurements.
• Explain the term structure of interest rates and discuss theories of interest rate determination.
• List sources and types of short-term financing and explain selection criteria for the firm.
• Identify capital market instruments and their characteristics; and valuate stock and bond prices and yields.
• Compute the cost of capital for the firm including weighted average cost of capital.
• Distinguish between the three methods of capital budgeting decisions and determine ranking criteria between investment projects.
• Evaluate capital budgeting decisions under differing capital constraints.
• Discuss theoretical approaches to risk measurement under single asset and portfolio conditions.
• Describe the capital asset pricing model.
• Discuss dividend policies and their impact on the value of the firm.
• Discuss tax implications on financial management.

Assignment Point Values

Weekly Homework Problems 64% (8 points per week)

Project 18%

Final Exam 18%

Total 100%

14. Attendance Requirements:

Students enrolled at one of the university's external campuses should make every effort to

attend all class meetings. All absences must be explained to the instructor, who will then determine

whether the omitted work may be made up. When a student reaches that number of

absences considered by the instructor to be excessive, the instructor will so advise the student

and file an unsatisfactory progress report with the executive director/campus dean. Any student

who misses 25 percent or more of the regularly scheduled class meetings may receive a grade

of F in the course. Additional attendance policies for each course, as defined by the instructor

in the course syllabus, are considered a part of the university's attendance policy. A student may

petition the Academic Council for exceptions to the above stated policies by filing a written

request for an appeal to the provost/academic vice president.

15. Disability Statement: “In compliance with the Americans with Disabilities Act of 1990 (ADA), it is the policy of Wayland Baptist University that no otherwise qualified person with a disability be excluded from participation in, be denied the benefits of, or be subject to discrimination under any educational program or activity in the university. The Coordinator of Counseling Services serves as the coordinator of students with a disability and should be contacted concerning accommodation requests at (806) 291- 3765. Documentation of a disability must accompany any request for accommodations.”

16: Course Requirements and Grading Criteria:

Academic Honesty

University students are expected to conduct themselves according to the highest standards of

academic honesty. Academic misconduct for which a student is subject to penalty includes all

forms of cheating, such as illicit possession of examinations or examination materials, forgery, or

plagiarism. (Plagiarism is the presentation of the work of another as one's own work.)

Disciplinary action for academic misconduct is the responsibility of the faculty member

assigned to the course. The faculty member is charged with assessing the gravity of any case

of academic dishonesty and with giving sanctions to any student involved. Penalties that may

be applied to individual cases of academic dishonesty include one or more of the following:

1. Written reprimand.

2. Requirement to redo work in question.

3. Requirement to submit additional work.

4. Lowering of grade on work in question.

5. Assigning the grade of F to work in question.

6. Assigning the grade of F for course.

7. Recommendation for more severe punishment (see Student Handbook for

further information).

The faculty member involved will file a record of the offense and the punishment imposed

with the school dean, executive director/campus dean, and the provost/academic vice president.

The provost/academic vice president will maintain records of all cases of academic dishonesty

reported for not more than two years.

Any student who has been penalized for academic dishonesty has the right to appeal the

judgment or the penalty assessed. The appeals procedure will be the same as that specified for

student grade appeals, see page 81. (See Student Handbook for further information or, for external

students, the executive director/campus dean).

Assignment Due Dates / Late Penalties

Assignments listed below for each week are due before class begins on the following week. For example, those assignments listed in week 1 are due by 6:00 PM on the evening of class week 2. A 20% per day penalty will be assessed on all assignments turned in late. If assignments are more then 3 days late, the assignment will not be accepted.

17. Tentative Schedule: (Calendar, Topics, Assignments)

Week 1 / Class date – August 21

Introduction to Corporate Finance

Chapters Covered - 1, 2, 3

Assignments – Problem 4 on p. 46. Problem 19 on p. 50. Comprehensive Problem on p. 89

Week 2 / Class date – August 28

Forecasting & Leverage

Chapters Covered – 4, 5

Assignments – Problem 25 on p. 116. Problem 10 on p. 143.

Submit project companies for approval.

Week 3 / Class date – September 4

Working Capital & Current Asset Management

Chapters Covered – 6, 7

Assignments – Web Exercise on p. 187. Problem 13 on p. 219.

Week 4 / Class date – September 11

Short Term Financing &Time Value of Money

Chapters Covered – 8, 9

Assignments – Web Exercise on p. 251. Problems 1 through 10 on p. 278-279.

Week 5 / Class date – September 18

Valuation & Cost of Capital

Chapters Covered – 10, 11

Assignments – Web Exercise on p. 317. Problem 19 on p. 357.

Week 6 / Class date – September 25

Capital Budgeting & Risk

Chapters Covered – 12, 13

Assignments – Problem 17 on p. 399. Problem 1 on p. 426.

Week 7 / Class date – October 2

Capital Markets

Chapters Covered – 14

Assignments – Web Exercise on p. 461.

Week 8 / Class date – October 9

Investment Banking

Chapters Covered –15

Assignments – Comprehensive Problem on p. 488.

Week 9 / Class date – October 16

Long Term Debt, Leases, Common Stock, and Preferred Stock

Chapters Covered – 16, 17

Assignments – Problem 7 on p. 516. Web Exercise on p. 556.

Week 10 / Class date – October 23

Dividends, Retained Earnings, Mergers & Acquisitions, International Finance

Chapters Covered – 18, 20, 21

Assignments – No assignments are due this week.

Week 11 / Class date – October 30

Final Exam & Project Presentations

Final Exam – There will be a final exam in our final week of class. The exam will be closed notes and closed book. However, you may use a calculator.

Project – Using the tools and concepts learned in our course, you will choose two publicly traded companies within the same industry. (The companies chosen must be submitted for approval before the end of the second class session.) Independently, you will perform a full financial analysis of each company using ratio analysis, financial statement analysis, and general research. You will then describe a merger or acquisition between the two companies and recommend steps to successfully implement such a merger or acquisition. The end product will be a paper of approximately 10-12 pages, accompanied by any appropriate financial information. On our final night, you will also present your findings to the class.

18. Additional information as desired by the faculty member.

One goal of this class is to introduce you to corporate financial planning and analysis. This is most effectively (and enjoyably) done in an atmosphere that is open to discussion. Please feel free to comment or ask questions at anytime.

The other goal is to HAVE FUN! Personal financial planning can be a stressful area in our lives, but this class doesn’t have to be! Enjoy yourself and please don’t ever hesitate to let me know if there are any questions, issues, or concerns we need to discuss.