Back to Home Page| Finance 301 Section A | Dr. Jim Kehr |
| Introduction to Business Finance (Spring 2006) - Tentative Syllabus | 116D Upham Hall |
| Oxford Campus | Miami University |
| Tuesday and Thursday | Oxford, Ohio 45056 |
| 12:30 - 1:45 | Oxford Telephone Number (513)529-1571 |
| 131 Upham Hall | E-Mail: kehrjb@muohio.edu |
| Office Hours: 2:00-4:00 PM. on Tuesdays and Thursdays, 10:00 to 11:00 AM. on Wednesdays and by Appointment | |
| Internet Site | http://www.sba.muohio.edu/kehrjb/ |
CATALOG COURSE DESCRIPTION: Introduction to Business Finance (3 Semester Hours) Financial management of business enterprises with emphasis upon financial analysis, working capital management, short and long term financing, capital budgeting, cost of capital and dividend policy.
PREREQUISITES: Accountancy 221, 222 (Principles of Accounting), Economics 201, 202 (Principles of Economics); and Junior Standing (58 Semester Hours).
REQUIRED TEXT: Stephen A. Ross, Randolph W. Westerfield, and Bradford Jordon, Fundamentals of Corporate Finance, Seventh Edition, McGraw-Hill, 2006.
SUGGESTED: The Wall Street Journal
STUDENT INFORMATION: On the first day of class you will be given a 3" by 5" index card. On the front of this index card you will give your full name along with the name that you wish to be referred to in class. You will also give your class (Jr., Sr.), your major, your local address & telephone number, your cell number or work number if you wish, and your e-mail address. On this day I will also photograph you. This photo will be placed on the completed index card.
CALCULATOR: You are encouraged to purchase a financial calculator. Consider purchasing one of the following financial calculators: 1) Sharp Business/Financial Calculator EL-733A; 2) Texas Instruments BAII Plus (Preferred) and 3) Hewlett-Packard (HP)10B. The Hewlett-Packard(HP)12C; (HP) 17BII and (HP) 19BII are more expensive financial calculators that could be used in this course. You will NOT be permitted to use a palm pilot, blackberry, cell phone, or any other type of communication device on examinations.
COURSE OBJECTIVES:
XX1. Introduce terminology and
areas of finance
XX2. Obtain an awareness of the
role of the financial manager within the corporation.
XX3. Acquire an understanding of
the tools of financial analysis.
xxx4. Gain an understanding of
the fundamental theories of finance.
xxx5. Improve critical thinking
skills by the evaluation of alternative solutions, making
xxxxx
recommendations among these
alternatives, and justifying this recommendation.
5xx6. Acquire an appreciation of
the interrelationships between the finance function and other
xxxx xbusiness functions such as
operations, marketing, and human resource management.
XX7. Evaluate career choices
that finance provides.
XX8. Increase awareness of
financial issues outside of the classroom.
WEBSITE: Lecture notes, Author PowerPoint Slides, End of Chapter Concepts Review (CR) - Critical Thinking Questions (CTQ) - Questions - Problems, Handouts, and Sample Examinations are provided on Blackboard and on the Richard T. Farmer School of Business Network ("G" drive). You can get to the School of Business Network by typing http://files.sba.muohio.edu . PowerPoint Slides should be used to supplement learning and will not substitute for taking notes during lectures. Answers to the End of Chapter materials are also on electronic reserve at the King Library und Fin 301 - Dr. Terry D. Nixon (Finance 301 course coordinator). Access to Dr. Nixon's solutions is accessed at http://www.lib.muohio.edu/research/ereserves . Select Dept.: "FIN". Select: "FIN 301 All". Password to pen these files is "fin301". Adobe Acrobat is required.
EXAMINATIONS:
| Examination One (30 times 3.3) | =100Points | = 26.88% | February 6, 2006 |
| Examination Two (30 times 3.3) | =100 Points | = 26.88% | March 30,, 2006 |
| Examination Three (40 times 3.3) | =132 Points | = 35.48% | May 1, 2006 |
| Homework (8 times 4) | = 32 Points | = 8.60% | |
| Participation | = 8 Points | = 2.16% | |
| TOTAL POINTS | =372 Points | =100.00% |
NEW WITHDRAWAL POLICY:
The following comes from the Student Handbook (within Registration Procedure 01.203)
01.203.E. Dropping a Course. Dropping a course is a formal administrative procedure; merely ceasing to attend class is not the same as dropping a course. Before dropping a course, a student should consult with his or her instructor and academic adviser. A student may drop a course within three calendar weeks of the date classes begin, in which case no grade or other designation will appear on the student's official record.
01.203.F. Withdrawing from a Course. Withdrawing from a course is a formal administrative procedure; merely ceasing to attend class is not the same as withdrawing from a course. Before withdrawing from a course, a student should consult with his or her instructor and academic adviser. A student may withdraw from a course after the third calendar week and, ordinarily, before the end of the ninth calendar week of the semester. A grade of W will appear on the student's official record; a W is not calculated in the student's grade point average.
203.F.1. Before the end of the ninth calendar week, a student may withdraw from a course with a signature of acknowledgment from the instructor.
203.F.2. After the end of the ninth calendar week, a student may no longer withdraw from a course unless a petition is approved by the Interdivisional Committee of Advisers. The petition must include the signatures of the course instructor and the student's academic or divisional adviser. The petition must also describe and document the extenuating circumstances (extraordinary circumstances usually beyond the student's control) that form the grounds of the petition. If the petition for withdrawal is approved, the student will be withdrawn from the course with a grade of W. If the petition is not approved, the student will be expected to remain in the course.
203.F.3. Only in rare circumstances will a petition to withdraw from a course after the ninth calendar week be approved for reasons of academic performance alone.
203.F.4. When possible, a student should continue to attend class until the Interdivisional Committee of Advisers has acted on his or her petition. Non- attendance does not void financial responsibility or a grade of F.
203.F.5. If a student is found guilty of academic dishonesty in a course and withdraws from the course, the student will receive the grade W(AD) for the course, and the grade of F will be calculated in the student's grade point average (refer to Section 01.504.A of The Student Handbook).
01.203.G. An accelerated course or a summer-term course may be dropped without a grade until 20 percent of the class meetings are completed. Withdrawal with a grade of W may occur until 60 percent of the class meetings are completed. After that date, a student may no longer withdraw from a course unless a petition is approved by the Interdivisional Committee of Advisers. A petition to withdraw may be filed as described above in Section 01.203.F.
STUDENT BEHAVIOR: Students are expected to act in a professional and considerate manner towards the professor and other students. No whining, talking in class or other disruptive behavior will be tolerated. DO NOT ATTEND class unless you are prepared to stay. Studying and reading materials for other courses or classes is not an acceptable activity for this class. Any student involved in a disruptive behavior during the class may be dropped by the professor.
ACADEMIC MISCONDUCT: Any form of academic dishonesty will be dealt with to the full extent of university policy. Academic misconduct is dealt with as explained in The Miami Bulletin: The Student Handbook, 2005-2006 edition. Policy on class attendance is likewise addressed in the Handbook.
HOMEWORK: Attendance is expected and will be used in assigning grades. Attending class means that you stay for the ENTIRE PERIOD. Students who are absent from any examination without prior permission will receive a zero for the particular examination. Requests for permission to be absent from an examination will be considered only in cases of serious illness, family emergencies, university sponsored events and proven absences for work related reasons. This request must be made in writing and must be handed to the professor by the student. An email or telephone message does not constitute a meeting between the student and the professor.
| DATE: | TOPIC: | CHAPTER: | PROBLEMS: |
| 1/10/06(Tu) | "Corporate Finance and the Financial Manger," "Financial Statements, Taxes, and Cash Flow" and "Working with Financial Statements" | Chapters 1, 2 & 3 | 2-1, 2, 3, 4, 5, 6, 7, 8 and 10; 3-1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 13, 23 and 24. |
| 1/12/06(Th) | |||
| 1/17/06(Tu) | "Long-Term Financial Planning and Growth" and "Introduction to Valuation: The Time Value of Money" | Chapters 4 & 5 | 4-1, 2, 5, 9 and 10; 5-1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 29 |
| 1/19/06(Th) | |||
| 1/24/06(Tu) | "Long-Term Financial Planning and Growth" and "Introduction to Valuation: The Time Value of Money" | Chapters 4 & 5 | |
| 1/26/06(Th) | |||
| 1/31/06(Tu) | "Discounted Cash Flow Valuation" | Chapter 6 | 6-1, 2, 3, 4, 5, 7, 8, 10, 12, 13, 14, 15, 17, 22, 23, 24, 26, 36, 37, 43, 52, 54, 57, 58, 59, 66 and 74 |
| 2/02/06(Th) | |||
| 2/07/05(M) | "NO CLASS" | ||
| 1/10/06(Tu) | |||
| 6/01/05(W) | First Examination and "Interest Rates and Bond Valuation" | Chapter 7 | 7-1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 16, 21 and 28. |
| 1/10/06(Tu) | |||
| 6/06/05M) | Review of First Examination, "Stock Valuation" | Chapters 7 & 8 | 8-1, 2, 3, 7, 8, 9, 10, 12, 14, 15, 17 and 18. |
| 1/10/06(Tu) | |||
| 6/08/05(W) | "Some Lessons from Capital Market History" and "Return, Risk, and the Security Market Line" | Chapter 12 (381--402) and Chapter 13 (415-423-425-443) | 12-1, 2, 4, 7, 9 and 14; 13-1, 2, 3, 6, 7, 11, 12, 13, 14, 15, 16, 17, 24, 26 and 27. |
| 6/13/05(M) | "Cost of Capital" | Chapter 15 (493-509, 513-516) | 15-1, 2, 3, 4, 5, 6, 7, 9, 11, 14, 15, 17 and 19. |
| 6/15/05(W) | "Making Capital Investment Decisions" and "Net Present Value and Other Investment Criteria" | Chapter 10(311-330) and Chapter 9 | 10-1, 2, 4, 6, 7, 9, 10, 11, 12, 15, 20 and 25; 9-2, 4, 7, 8, 9, 12, 14, 15, 16 and 18. Tax&Depreciation&Budgeting(Word2.0) or Tax&Depreciation&Budgeting(PDF) |
| 6/20/05(M) | "Raising Capital," "Dividends and Dividend Policy," and "International Corporate Finance" | Chapters 16, 18 (605-609, 616-630) and 22 (749-763) | 16-1,5, 6 and 15; 18-1, 2, 3, 4, 6, 7, 8, 12 and 13; 22-1, 2, 3, 4, 5, 6, 7 and 10. |
| 6/23/05(W) | Second Examination |
ELECTRONIC RESOURCES: Home work solutions for end-of-chapter problems are available at http://www.lib.muohio.edu/research/ereserves . These materials are also on the Richard T. Farmer School of Business Network ( http://sbaserver1.sba.muohio.edu or http://gdrive.sba.muohio.edu ) . You can also download materials from the "G" drive by typing http://files.sba.muohio.edu . The authors' Powerpoint slides are also available on the "G" drive.
SAMPLE EXAMINATIONS: To see a Word or a PDF version of the First, Second and Third (Final) Examinations go to my webpage or to the Richard T. Farmer School of Business Network ( http://sbaserver1.sba.muohio.edu or http://gdrive.sba.muohio.edu ) Click here for First Examination PDF. Click here for Second Examination PDF . Click for here for Final Examination PDF