FINANCIAL MANAGEMENT - University of Michigan-Flint

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Nov 10, 2013 (3 years and 5 months ago)

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FINANC
IAL MANAGEMENT

BUS 361

-

UNIVERSITY OF MICHIGAN
-
FLINT



SCHOOL OF MANAGEMENT

WINTER SEMESTER 2007


Professor:

Dr. Mark J. Perry

Office:


4173 WSW Building

Phone:


424
-
5413 (WSW)

email:


mjperry@umich.edu

Office H
ou
r
s:

All the time and by appointment


Prerequisites:

BUS 181, 202 and

211
; MTH 118 or 121;

ECN 201 and 202



Required Materials:



Fundamentals of

Financial Management,

Concise

5
th

Edition, by Brigham and Houston




Financial calculator (HP
-
10B II

is recomme
nded
)
. Please acquire

a calculator
as

soon






as possible

and bring it to class on a regular basis. Sharing of calculators during






quizzes or exams
is no
t

allowed.

R
eview the Calculator Keystroke Guide

immediately!


Recommended:

Edited
Power Po
int slides for lectures

from my webpage




Study Guide
, by Brigham, Houston, and Clark








Wall Street Journal
subscription;

see my web page under the “Links” section.


Course Objective
:

Finance is a
cornerstone

of

the free enterprise system.

A solid foundation in financial management and
financial principles
such as the time value of money,
capital budgeting,
asset valuation and risk/return
are

important for all
business majors.
BUS 361 is intended to provide students with basic concepts an
d principles of financial management necessary
to understand the complex and dynamic nature of the
financial

system and the financial problems faced by
all
businesses.
Emphasis will be placed on the practical
application of financial theory, and current e
vents
in finance/economics
will be
discussed.



Grading Policy
:
You can receive extra credit for attendance
,
which will qualify you for
letter grades
to
be assigned according to
the following bonus, adjusted grading scale:
A

85
-
100%,
B

75
-
85%,
C

65
-
75%,

D

50
-
65%,

F

50% or less; otherwise students
will be graded according to a traditional grading scale (
A

90
-
100%,
B

80
-
90%, etc.). Plus and minus grades will be given.

Regardless of reason, you must be in class to receive extra credit.


T
o receive credit
for attendance,
a) you must be in class for
at least one hour of the class period
,

and b)
you are not allowed to work on assignments or study for other courses.

Attendance
records will only be kept for one month, so p
lease check your attendance record in
Blackboard
on a regular basis
and report any
discrepancies

within two weeks.



Material Covered:
Chapters 1
-
14 in
Fundamentals of

Financial Management
,
Concise

5
th

Edition, Brigham.



Graded Material
:


Midterm Exam I, Chapters 1
-
5
, February 6


50

p
oints






Midterm Exam II, Chapters 6
-
9
, March 13


50

points





Final

Examination
, Chapters 10
-
14
, April

2
6



60

points





Quizzes







40

points











TOTAL

2
00 points


Quizzes:
10 surprise quizzes
, with 5 multiple c
hoice questions

each
,

will be given during the se
mester, based on the sample test

questions from
:

a)
the textbook website, and
b)
from the XTRA! CD

(
these questions are
also available on my website)
.
Quizzes
can be given at a
ny time during the class perio
d

(beginning or end of class)
, and you must be present when the quiz is given to
get credit.

Y
ou can drop your

lowest two quizzes
, or miss two quizzes
.


Exams:
Examina
tions will contain multiple choice questions
like the sample test questions

and quiz
zes
,
and some problems
.
There may be extra credit problems on the exams or bonus adjust
ment points.

One or more exams may be open book.


Website

and Blackboard
:

There is a web site
for my courses
at:
www.umflint
.edu/~mjperry, which
contains course

mate
rial
s

includi
ng the syllabus, sample tests
, an email feature, and links to other web sites.

Your quiz and exam scores
, and final grades,

will be entered in the Gradebook
section of the Blackboard website for this course
:
http://
oel.umflint.edu
.


Email
:

Please check your UM
-
Flint email account on a regular basis to receive correspondence about BUS 361.






TENTATIVE

COURSE SCHEDULE
: SUBJECT TO CHANGE





Week Number,
Class
Days


1. Jan
.

9 and 11


Introduction to the Course

and

CH

1



Overview of
Finan
cial

Management





Chapter 3
-

Financial Statements, CF and Taxes (notes on my website)


2. Jan
.

16 and 18




Chapter
4



Analysis of Financial Statements

(notes on my website)





Chapter 2


Time Value of Money, Bring calculator to class




3.
Jan. 23
and 25



Chapter 2


Time Value of Money, continued, Bring calculator

Chapter
5


Financial Markets and

Institutions


4.
Jan. 30 and Feb. 1


Chapter 6



Interest Rates


5.
Feb. 6 and 8


Feb. 6
: Midterm Examination I
,
Chapters 1
-
5
,
50 points






Feb 8
: Rev
iew results of Midterm Exam I

and





Chapter 7



Bonds


6
.
Feb. 13 and 15


Chapt
er 7


Bonds continued





Chapter 8


Risk and Rates of Return


7
.
Feb
. 20 and 22


Chapter 9



Stocks and Their Valuation


SPRING BREAK


**********NO CLASSES************


8
.
Mar. 6

and
8


Chapter 10



Cost of Capital










9
.
Mar. 13 and 15


Mar 13
: Examination II, Chapters 6
-
9
, 50 points





Mar 15
: Review results of Midterm Exam II





Chapter 11



Basics of Capital Budgeting


10
.
Mar. 21 and 23


Chapter 11



Basics of

Capital Budgeting
, continued






11
. Mar. 27 and 29


Chapter 12



Cash Flow Estimation and Risk Analysis




12
. Apr. 4 and 6


Chapter 13



Capital Structure and Leverage


13
.
Apr 10

and 1
2


Chapter 14



Dividend Policy




14
.
Apr. 17

and
19


Review for
Final Exam and Special Topics


15
. April 26
, 10:30 a.m.

Final Examination
, Chapters 10
-
14
, 60 points


***Note: Schedule is subject to change.

Changes will be announced in class

or by email
.***