Herguan University

MBA COURSE OUTLINE

Course Title: Managerial Finance Course Code: FIN500/PJM500Credit Hours: 45 Hours Credit Units: 3 Prerequisite: PCB-3

Course DescriptionThis course focuses on the essential concepts in managerial finance, valuation-financial assets, valuation real assets (capital budgeting), cost of capital, leverage and dividend policy, working capital management, strategic planning and financial decisions. Students will understand the concepts and techniques and use problem-solving methodology to illustrate the theories and tools in investing and financing decision making.

Course Learning OutcomesUpon completion of this course, students will be able to:

develop strategic planning skills and make financing decisions apply techniques of managerial finance in the real world analyze firm’s financial position and prepare financial reports do ratio analysis and comparison of ratios identify the factors influencing dividend policy

Students Learning Outcome Evaluation Methods Classroom/group discussion and debates Research paper Case Study Analysis Oral presentations Examinations

Learning Resources Recommended Textbook

Besley S., Brigham E. F. (2007). Essentials of Managerial Finance. (14th Edition) South Western ISBN: 13:978-0-324-65216-1

(Optional) Financial & Managerial AccountingJan Williams (Author), Sue Haka (Author), Mark Bettner (Author), Joseph Carcello (Author) ISBN-13: 978-0078111044

Library for reference and research work. Power Point Presentations, Internet resources

Instructional ModesLecture, discussion, group work, papers, presentations, exams

Instructional Strategies

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Reading is a critical element of this course. Students will be expected to critically analyze issues or problems presented, applying theory and principles from the readings and from research findings. Class discussions or team discussions will focus on application of laws and principles to topical issues.

Grading ScaleIn the graduate classes, a grade below C is not passing.

A 94-100%A- 90-93%B+ 87-89%B 83-86% B- 80-82%C+ 77-79%C 70-76%F <70%

AttendanceAttendance is mandatory. Absences may be excused for childbirth, a documented illness, an injury, and a death in the family, or other emergency situation acceptable to the Academic reviewer. Students should contact the Professor as soon as possible on the first day of an absence and give an estimation of the duration of the absence. Special arrangements may be made to make up missed classes. Based on the student’s academic progress, the instructor will assign the student work to cover tardiness or absence.

Absences and Make Up Make up class: Three hours of make-up work is required for each absent classroom hour. Thus, in order to make-up one missed class meeting, a student make-up assignment must require NINE (9) hours of work outside the classroom. If someone enrolls late, he or she must make up the lost class time in order to earn enough credits/units, or retake the class. It is the student’s responsibility to make arrangements with the professor for make-up learning assignments.

Academic Integrity PolicyEnsuring academic integrity is an ethical responsibility we take seriously at Herguan University. Based on respect for individual academic achievement, each student and faculty member commits to being a part of a learning community which is characterized by upholding the foundational principles of honesty, equity, mutual responsibility, respect of others, and personal integrity. Advancing the principles of academic integrity is essential because doing so enhances the quality of academic work, institutional operations, and the assessment of educational goals.

In accordance with the policy, students are expected to do their own work on examinations, class preparation and assignments and to conduct themselves professionally when interacting with fellow students, faculty and staff. Students are also expected to make equitable contributions to the quality and quantity of work performed on group projects. Academic and/or professional misconduct (behaving contrary to the policy) is subject to disciplinary action including being placed on probation, failing a graded course assignment, failing a course, or being dismissed.

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Student academic misconduct and violations of this policy include, but are not limited to the actions below: Misrepresenting Class Attendance: Not attending class and instead, having another person attend class pretending to be you.Cheating on Examinations: Using unauthorized notes, looking at another student's test paper, or providing another student with answers during an examination or quiz Plagiarism: Using another person's ideas, words, expressions, or findings in your writing or speaking without acknowledging the source. Forgery: Altering college forms, documents, records, or the signing of such forms or documents by someone other than the proper authority.Bribery: Paying someone or receiving money or other gifts in exchange for performing a dishonest or illegal act.

Major Study UnitsIntroduction to Managerial FinanceAn overview of Managerial FinanceEssential Concepts Managerial FinanceAnalysis of Financial StatementsThe financial Markets & the Investment Banking ProcessTime Value of MoneyValuation – Financial AssetsThe Cost Money (Interest Rates)Bonds (debts) - Characteristics & ValueStocks (Equity) – Characteristics & ValuationRisk & Rates of ReturnValuation – Real Assets (Capital Budgeting)Capital Budgeting TechniquesProject Cash Flows & RiskCost of Capital, Leverage, & Dividend PolicyThe Cost of CapitalCapital StructureDividend PolicyWorking Capital ManagementWorking Capital PolicyManaging Short-Term Assets Managing Short-Term Liabilities (Financing)Financial Planning & ControlAlternative Financing Arrangements and Corporate Restructuring

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Herguan University

Course Syllabus – PJM 500 / FIN 500 Managerial Finance

Instructor Name: Jack Ho Term: Fall 2013

Instructor Contact Information: jackho@herguanuniversity.org

Office Hours: Please email instructor to arrange for a time. Instructor is available M-F after 7pm and on weekends from 1--3pm

Course Assignments and Performance Requirements30% Class attendance and participation30% 3 in-class projects (individual or group)40% Final Examination

Instructor PoliciesLate submission is only accepted due to illness or family emergencies with evidence. This must be requested by the students in writing within the same week.

Course Schedule - SAMPLE

Week In-Class Assignments and Due Dates

LEC 1 Review Chapters 1, 3, and 4 In-class projectHandout Case Study 1, 2, and 3Topics Covered: Managerial FinanceFinancial MarketsInvestment Banking ProcessRisks and Returns

LEC 2 Review Chapters 5, 6, and 7 In-class project Handout Case Study 4, 5, and 6Topics Covered: Cost of MoneyBonds (Debt)Stocks (Equity)

LEC 3 Review Chapters 8, 9, and 10 In-class projectHandout Case Studies 7, 8 and 9Topics Covered: Capital Budgeting TechniquesProject Cash Flows and Risks

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LEC 4 Review Chapter 11 and 12 FINAL EXAM Handout Case Studies: 10Topics Covered:Cost of CapitalCapital Structure

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