Financial Management

Doctorate in Management

MNG 1300

Breyer State University

Instructor: Gary Hascall, PhD

SYLLABUS

COURSE OVERVIEW: This is a six-hour course in the curriculum for the PH.D. in Management program. It is my pleasure to partner with you for this course. The course is an overview of all the financial actions made in an organization. It is the study of the three basic areas of decisions; where should the money be invested, where should the funds be raised, and how much of the funds should be returned to investors. This course will not differentiate between small or large, private or public, or foreign and domestic organizations. We will analyze identification of issues, problems, and future business implications. We will conduct critical analyses of various actual companies with actual opportunities for success.

TIME FRAME: The course is allotted ten weeks of time. You must complete all of the requirements for the course successfully by the end of the ten-week period. The first day of week one will begin the day that you register for the course. Upon successful completion of this course, you will earn six semester hours of credit.

TEXTBOOK: You have one required textbook:

Book 1: Corporate Finance, Theory and Practice. Damadoran, Aswath. John Wiley & Sons, Inc., 2001: ISBN # 0471283320.

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STUDENT EVALUATION AND GRADING SCALE: It is your responsibility to understand the syllabus, read the textbook and present ideas, and ask me for clarification if necessary. Evaluation measures application of (1) course ideas and concepts; (2) analytical and evaluation skills; and, (3) communication skills. The following factors will determine the final grade:

1). Weekly assignments will be made and must be turned in when instructed to do so. These weekly assignments will account for 40% of the total grade (40 points) and are due as assigned.

2). MID-TERM EXAM will account for 30% (30 points) of the total grade and be given during week 5. It covers Chapters 1 through 15.

3). FINAL EXAM will account for 30% (30 points) of the total grade and be given during week 10. It covers Chapters 16 through 28.

Note: Both exams will include solving financial problems and short responses.

Grading Scale for this course is as follows:

90-100%    = A
80-89%      = B
70-79%      = C
Below 70% = Fail

COURSE TOPICS:

Introduction to Corporate Finance

1). Introduction to Corporate Finance.
2). The Objective of Corporate Finance.
3). The Time Value of Money.
4). Understanding Financial Statements.
5). Value and Risk, an Introduction.
6). The Basics of Risk.

Investment Analysis

1). Estimating Hurdle Rates for Firms.
2). Estimating Hurdle Rates for Projects.
3). Estimating Earnings and Cash Flows on Projects.
4). Investment Decision Rules.
5). Investment Analysis with Inflation and Exchange Rate Risk.
6). Project Interactions, Side Benefits, and side Costs.
7). Investments in Non-cash Working Capital.
8). Investments in Cash and Marketable Securities.
9). Investment Returns and Corporate Strategy.

The Financing Decision

1). An Overview of Financing Choices.
2). The Financing Process.
3). The Financing Mix: Tradeoffs on Theory.
4). The Optimal Financing Mix.
5). The Financing Mix and Choices.

The Dividend Decision

1). Dividend Policy.
2). Analyzing Cash Returned to Stockholders.
3). Beyond Cash Dividends: Buybacks, Spin-offs, and Divestitures.

Valuation

1). Valuation Principles and Practice.
2). Value Enhancement: Tools and Techniques.
3). Acquisitions and Takeovers.

The Link Between Valuation and Corporate Finance Decisions

1). Option Applications in Corporate Finance.
2). Back to First Principles.

COURSE OBJECTIVES: Upon successful completion of the course, you will be able to;

1). Comprehend the principles, functions and responsibilities of financial management.
2). Understand the how to apply complex theory to actual organizations while reducing potential negative impacts of the decisions.
3). Develop an awareness of the day-to-day details while maintaining a focus on the holistic financial health of the organization.

GENERAL POLICIES:

Late Work: Late work is not acceptable. All assignments must be completed during the assigned times. If a conflict exists and there is an acceptable justification for it, you are responsible to contact me about making up the work. Late assignments/works automatically lose one (1) letter grade. Make ups need to be completed within one week of the missed deadline.

Extra Credit: There is no extra credit work available.

Communications and feedback policy: Do not hesitate to communicate with me. Remember, I am here to assist you in meeting your goals for this course. I prefer communicating through email. However, I am also available for conversation by phone if you would like. Our classroom for this course has a "chat" room. I can meet with you one-on-one in the chat room at your request. From time to time, depending on how many students are enrolled in this course at a particular time, we will have some scheduled group chats. You will receive more detailed information if such chat sessions are scheduled. When emailing, always include your name and the course name in your email message to me, as I may not recognize your email name.

Feedback Policy: I respond to any e-mail within 24 hours or less. Weekends I reserve the right to wait until Monday to respond. If for any reason, I am not going to be available for a short period of time, I will notify you before hand so that no one is unclear about contacting me. I will provide a phone number for you to call if you want to talk with me.

Academic Honor/Integrity: You are expected to do your own work on all assignments. By being a student at Breyer State University , you pledge that you will neither, knowingly give, nor receive any inappropriate assistance in academic work, thus affirming your personal commitment to honor and integrity.

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