BUS-416-20, Managing Financial Resources (SP15)
INSTRUCTOR: Lawrence Beyer
SCHEDULE/DAY/TIME: Semester/Wednesday/6:00 – 8:45 PM, 01/28/2015-05/13/2015
Emphasizes the foundation areas of accounting and finance to educate students in financial management process. Introduces topics including understanding and interpreting key financial statements (balance sheet and income statement), budgeting and capital budgeting, breakeven, and time-value of money mathematics in financial decision-making.
Learn and use several basic concepts essential for financial decision-making, as follows.
- Demonstrate understanding of financial statements by producing a balance sheet and income statement using common financial accounts.
- Evaluate companies’ financial health for signs of concern with liquidity, capital, efficiency, or performance issues using ratio and cash flow analysis, through a comparison of two companies chosen by each student.
- Demonstrate learning of managerial accounting concept of budgeting (through testing).
- Demonstrate learning of managerial accounting concept of cost / volume / profit relationships through calculating breakeven.
- Time Value of Money: Interpret, Calculate and evaluate the returns on alternative investments given descriptive investment language and using learned mathematical formulas for Present Value and Future Value.
- Capital Budgeting: Apply the concepts of Net Present Value (NPV) and Internal Rate of Return (IRR) to make capital budgeting decisions.
The format for this course includes lecture, class discussion, homework and problem review and discussion. Student participation is strongly encouraged. The class participation grade will be based on student attendance and participation. Students will be expected to present homework solutions in class and take part in class discussions. The course is Web-enhanced: all homework assignments will be posted on Joule and submitted through Joule. Quizzes may be assigned and submitted through Joule. Readings assigned (other than the textbook) will be posted on Joule.
Attendance is very important. The course meets only 10 times so attending every meeting is highly recommended and expected. Missing 3 or more classes will result in a failing grade regardless of tests and homework scores.
REQUIREMENTS AND ASSIGNMENTS:
Quiz 1 = 100; Quiz 2 = 140; Quiz 3 = 140; Quiz 4 = 140; Final Exam = 200; Homework = 180; Class Participation = 100; Total = 1,000
REQUIRED TEXT(S) OR MATERIALS:
Custom Textbook: Managing Financial Resources published by McGraw-Hill Irwin.
RECOMMENDED READINGS OR MATERIALS:
Wall Street Journal
READINGS AND/OR ASSIGNMENTS TO BE DONE PRIOR TO THE FIRST CLASS:
Please read the first 2 chapters of the textbook.