The School of Business & Technology
                                                Graduate Course Syllabus


Materials             Techniques of Financial Analysis: A Guide to Value Creation; Helfert;
Academic Honesty
     The university is committed to high standards of academic honesty.
     Students will be held respon...
If a student has two absences, the instructor has the option to lower
                        the student’s grade one lett...
WEEK 3 -             Review Chapters 5-6
                                   Using a simplified financial growth model to i...
graded for content, style, format and proper usage of the language. An oral
                        presentation will be p...
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The School of Business


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The School of Business

  1. 1. The School of Business & Technology Graduate Course Syllabus Greenville Metropolitan Campus BUSN 5200-54 Basic Finance for Managers Course Term Fall 1, 2008; Monday, August 18, 2008; 5:45pm – 10:00pm Instructor Name: Dr. Michael R. White Phone: (864) 370-1800 ext. 8109 (work) Email: (864) 322.1367 (home) (work) Catalog Description Managers and human resources management professionals must be able to understand financial information contained in financial statements and reports. Line managers must be able understand financial information contained in financial statements and reports in order to evaluate their unit's financial performance, to communicate clearly with other managers, and to apply financial information when making decisions. Human resources management professionals must understand financial statements and principles if they are to effectively assist line managers and be strategic partners with other business functions. This course will focus on the interpretation and use of basic financial information by non-financial managers, not on the production of financial statements and reports. (FINC 5000 cannot be substituted for BUSN 5200) Prerequisites None Course Level At the conclusion of the course, students will be able to: Learning Outcomes 1. Identify and interpret internal and external financial reports and financial statements. 2. Discuss how using financial statements and reports can improve strategic planning and decision making, and thus improve organizational performance. 3. Use time value of money and explain how the concept is used for decision making. 4. Identify important accounting rules and principles (GAAP, FASB, depreciation, cash vs. accrual) and discuss how they impact corporate financial decisions and policies. 5. Construct pro forma financial statements and report their use in managerial decision making. 6. Explain the concept of cash flow and discuss its impact on organizational performance and decision making. 7. Report the concepts and processes used to develop budgets and discuss their influence on managerial decision making. 8. Discuss ethical considerations relating to finance and financial
  2. 2. reporting. Materials Techniques of Financial Analysis: A Guide to Value Creation; Helfert; 11th edition; Richard D Irwin, Inc.; ISBN 0072826320 Grading The following grade scale is in effect for Webster University, Greenville Metropolitan Campus, SC: A 96-100 A- 90-95 B+ 87-89 B 84-86 B- 80-83 C 70-79 F 0-69 I Incomplete (to be awarded when work is not complete and changed at the completion of the required assignments by a specified date agreed upon between the instructor and the student) COURSE REQUIREMENTS % 0F GRADE A. Group Discussion and class Participation 10% B. Individual Presentations/Term Project 30% C. Midterm Exam 30% D. Final Exam 30% Activities The class will be divided into groups of 3 or 4, and a case study will be assigned to each group. Groups will solve the case, and each member of the group will present his/her findings to the class during the 8th week. Policy Statements: University policies are provided in the current course catalog and course University Policies schedules. They are also available on the university website. This class is governed by the university’s published policies. The following policies are of particular interest: 2
  3. 3. Academic Honesty The university is committed to high standards of academic honesty. Students will be held responsible for violations of these standards. Please refer to the university’s academic honesty policies for a definition of academic dishonesty and potential disciplinary actions associated with it. Drops and Withdrawals Please be aware that, should you choose to drop or withdraw from this course, the date on which you notify the university of your decision will determine the amount of tuition refund you receive. Please refer to the university policies on drops and withdrawals (published elsewhere) to find out what the deadlines are for dropping a course with a full refund and for withdrawing from a course with a partial refund. Special Services If you have registered as a student with a documented disability and are entitled to classroom or testing accommodations, please inform the instructor at the beginning of the course of the accommodations you will require in this class so that these can be provided. Disturbances Since every student is entitled to full participation in class without interruption, disruption of class by inconsiderate behavior is not acceptable. Students are expected to treat the instructor and other students with dignity and respect, especially in cases where a diversity of opinion arises. Students who engage in disruptive behavior are subject to disciplinary action, including removal from the course. Attendance The University reserves the right to drop students who do not attend class the first week of the term/semester. Students are expected to attend all class sessions of every course. In the case of unavoidable absence, the student must contact the instructor. The student is subject to appropriate academic penalty for incomplete or unacceptable makeup work or for excessive or unexcused absences. Generally, a student who misses more than one four-hour course period (per course) without a documented military or medical excuse and advanced permission from the instructor should withdraw from the class. Absences Policy If a student is absent, the instructor is to assign makeup work to cover the materials presented that week. 3
  4. 4. If a student has two absences, the instructor has the option to lower the student’s grade one letter grade and to inform the student of the action. If a student has three absences, the instructor has the option to assign a grade of F and to inform the student of the action. It is the student’ responsibility to withdraw from the course. When the instructor chooses to award a grade of I (Incomplete) for three or four absences, the student must provide acceptable documentation to verify that the absences were unavoidable (e.g.- illness, work conflict, military temporary duty). If a student is absent for a fifth class, with or without acceptable documentation, the instructor is to inform the student that his or her grade for the course is F. It is the student’s responsibility to withdraw from the course. (Handbook for the Adjunct Faculty, Webster University, October 1995) Course Policies Use of Cell Phones: All cellular phones are to be turned off before class begins. Students are to leave the classroom for the purpose of either answering or initiating calls at any time while class is in session. In the event of an emergency, please have the party who needs to contact you call the main number at which point the Webster staff will notify you immediately. In the event you are “on call” at your place of employment, your employer should be given the same instructions. Please notify your instructor you are “on call” before class begins and be prepared to provide documentation to that effect. Weekly Schedule WEEK 1 - Review Chapters 1-2 The interrelationship of cash flow and management decisions and business activity; Overview of financial statements commonly prepared; Overview of various objectives of analysis and data preparation in the context of financial analysis. Use of funds flow cycle and the implications for management decisions; Analyzing balance sheet changes to develop cash flow statements WEEK 2 - Review Chapters 3-4 Use of financial statements as a basis for appraising business performance; Uses of ratios to determine business performance for different interest groups; Shortcomings in measuring business performance through financial statements. Principles of financial projection using pro forma statements and budgets; calculating the impact of alternative assumptions using sensitivity analysis and financial modeling 4
  5. 5. WEEK 3 - Review Chapters 5-6 Using a simplified financial growth model to illustrate policy and growth rationale when setting financial objectives and policies. Introduction to the basic effect of business investment decisions on cash flow (time value of money) paying attention to critical aspects of net investment, time adjustments, economic life and terminal value before applying quantitative techniques to investment decisions. WEEK 4 - MID-TERM EXAM WEEK 5 - Review Chapters 7-8 Structuring of investment analysis in the context of capital budgeting and defined strategic corporate objectives and goals Recognizing the cost of various forms of financing as an input in making financial decisions. Using the weighted cost of capital as a tool in financial analysis. WEEK 6 - Review Chapters 9-10 General overview of the different types of long-term funding and some of the techniques used to analyze them; Non-quantitative factors into consideration when viewing financing alternatives The impact of financing alternatives on earnings and capital structures Provide an overview of basic techniques and concepts used to value assets, securities and business operations. WEEK 7 - Review Chapter 11 Using the systems approach the financial analysis tools are put into perspective in the larger setting of a value- creating company looking at the evolution of selected financial measures toward the cash flow-based concepts. WEEK 8 - Presentations WEEK 9 - FINAL EXAM Additional TERM PAPER: Each student will select a business related topic and write Information a 2,500-3,500 word term paper in an acceptable format. For those students unfamiliar with the proper method of constructing a term paper, it is recommended that they review the Publication Manual of the American Psychological Association. As such, your paper will be typewritten, double-spaced and include a cover sheet, abstract, running head, page number, introduction, body, conclusion and a reference list. Papers will be 5
  6. 6. graded for content, style, format and proper usage of the language. An oral presentation will be presented by each student which will be included in your grade for this assignment. The presentation will be based upon research into your chosen topic and will be a minimum of 20 minutes long. Students should avoid simply reading their paper to class, instead making a summer presentation. Be prepared for questions and answers from the class when finished with your presentation. NOTE: COURSE SYLLABUS IS SUBJECT TO CHANGE WITHOUT NOTICE! APPROVED _____ __DATE_____7/21/2008_________ Dr. Lorraine Watson – Business Coordinator Copyright © 2007 – 2009, School of Business & Technology, Webster University. All rights reserved. I August 18, 2008 – October 17, 2008 Registration April 21, 2008 – August 29, 2008 Tuition Payment Deadline August 1, 2008 Petitions to Graduate Deadline August 13, 2008 Last Day to Drop/Add August 29, 2008 Labor Day Holiday September 1, 2008 Make Up Day for Labor Day September 6, 2008 Withdraw Deadline September 26, 2008 Deadline for employer tuition reimbursement payments to be in St. Louis November 7, 2008 6