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    • Operations Management OMGT 5123 Finance for Operations Managers Term MSOM 2009-10 Academic Year Term I Instructor Name: Dennis Mickelsen Phone: 850.261.6075 Email: drmickelsen@cox.net or dmickels@uark.edu Catalog The scope and environment of finance for operations Description managers, including financial markets, interest rates, financial statements, cash flows, and performance evaluation; valuation of financial assets using time value of money and meaning and measurement of risk and return; capital- budgeting, cost of capital, capital structure, and dividend policy. Prerequisites Familiarity with Microsoft Excel and/or Use of a Financial Calculator such as the TI BA II Plus. Required Foundations of Finance by Keown, Martin, Petty, and Scott, Jr., 6th Textbook edition, Prentice Hall Publisher Additional The Wall Street Journal, The Financial Times, and The References Economist are excellent resources for research and course reinforcement. Course The objective of this course is to introduce the fundamental Objectives financial tools and techniques required in managerial decision making. Course Level The student should be able to: Learning 1. Read and interpret internal and external financial Outcomes reports and financial statements. 2. Use financial statements and reports to measure financial performance OMGT 5123 Page 1 of 9
    • 3. Use financial statements and reports to improve strategic planning and decision making, and thus improve organizational performance. 4. Understand the time value of money and how the concept is used for decision making. 5. Understand the concept of cash flow and its impact on organizational performance. 6. Analyze current business articles and relate them to accounting, finance and management decisions and environments. OMGT 5123 Page 2 of 9
    • Grading Weight: Mid-term exam 30% Final exam 30% Assigned problems and cases 15% Case Analysis/Presentation 25% 100% OMGT 5123 Page 3 of 9
    • Cutoff for: A 90 - 100% B 80 - 89% C 70 - 79% D 65 - 69% F < 65% The grading scale above reflects the baseline for the course. Based on the general performance of the class as well as individual performance throughout the course I may lower the cut-off for some or all of the letter grades. Such changes will not occur until all graded events have been recorded. Activities • Students are encouraged to participate actively in class in regard to analysis and discussion of reading material, lecture material, problems, and cases. • Class time will be devoted to lecture, discussion, and analysis of assigned problems. Students should complete readings and assigned problems prior to class meetings. Written answers should be prepared for all assigned problems; they will be considered in determining course grades. • Students should expect to spend substantial amounts of time, in and out of class, to keep up with readings and assignments. Frequently, there may not be sufficient time to review all assigned work & topics in the classroom. However, it is an important learning tool to attempt all OMGT 5123 Page 4 of 9
    • tasks, and ask questions on any unclear concepts and problems. Students are encouraged to work together on homework and projects. • Paper: A financial analysis of a company of the student’s choice. • Homework and projects are due on the date indicated on the syllabus, or as modified in class. Policy University policies are provided in the current course catalog Statements: and course schedules. The following policies are of particular interest: University Policies Academic Honesty • The University of Arkansas strives to be a center of academic excellence. As part of our Statement of Ethics, the University strives to preserve academic honor and integrity by repudiating all forms of academic and intellectual dishonesty, including cheating, plagiarism and all other forms of academic dishonesty. Academic dishonesty is unacceptable and is subject to a disciplinary response. • Students who are caught cheating or committing plagiarism may be given a failing grade in the course by the professor and may be subject to dismissal or further discipline. • Plagiarism is often misunderstood. It can be defined as submitting someone else’s work as your own. It is not permissible to “cut and paste” and then just cite another’s work. In writing for homework or projects, you should read and learn, process through your mind, relate ideas, and then express what you learned in your own words. Cite the references where you found your information. If you do use someone else’s words, you must use quotation marks and cite. You should not overuse quotes – save them for a rare occurrence. Communication Students should check their e-mail on a daily basis. Class announcements including unexpected cancellations will be e-mailed to your. Disturbances Since every student is entitled to full participation in class without interruption, disruption of class by OMGT 5123 Page 5 of 9
    • 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. Inclement Weather If the base closes for inclement weather or other reasons, your program coordinator will be the first to know. She will call the professors and send the students e-mail advising of class cancellations. If your professor cancels a class he/she will contact the site coordinator, and she will send an e-mail to the students in that class advising of class cancellation. Course Policies This syllabus may be revised at the discretion of the instructor without prior notification or consent of the student. OMGT 5123 Page 6 of 9
    • The schedule below presents an approximate expectation of course progress. The instructor reserves the right to add, delete, or modify any weeks of this schedule. Any changes will be announced in class. All assignments must be completed in typewritten format. Ses Topic and Chapter Assignment s. 1 • Introduction to Foundations of Financial Management, Chapter 1 2 • Financial Markets and Problems 1-14, Interest Rates, Chapter 2 2-3, 2-6 3 • Understanding Financial Statements and Cash Flows, Chapter 3 4 • Understanding Financial Problems 3-1, Statements and Cash 3-2 Flows, Chapter 3 Cont’d 5 • Evaluating a Firm’s Financial Performance, Chapter 4 6 • Evaluating a Firm’s Problems 4-6, Financial Performance, 4-8, 4-10 Chapter 4 Cont’d 7 • Mid-Term Exam (Chapters 1, 2, 3, 4) 8 • Time Value of Money, Chapter 5 9 • Time Value of Money, Problems 5-1, Chapter 5, Cont’d 5-2, 5-3, 5-4, 5-6, 5-10, 5-12, 5-113, 5-14, 5-16, 5-19 10 • Meaning and Measurement of Risk and Return, Chapter 6 11 • Student Presentation of Problems 6-1, Case 6-6, 6-11 • Capital-Budgeting Techniques and Practice, Chapter 9 OMGT 5123 Page 7 of 9
    • 12 • Student Presentation of Case • Continuation of Capital- Budgeting Techniques and Practice, Chapter 9 13 • Student Presentation of Problems 9-4, Case 9-5, 9-7 • Cash Flows and Other Topics in Capital Budgeting, Chapter 10 14 • Student Presentation of Case • Cost of Capital, Chapter 11 15 • Student Presentation of Problems 17-1, Case 17-6 • International Issues Affecting Financial **Paper due Performance, Chapter 17 16 • Course Wrap-up • Final examination (Chapters 5, 6, 9, 17) OMGT 5123 Page 8 of 9
    • *Case Analysis This assignment will be completed as a team exercise. The team should select a publicly traded company. Research the company and a competitor in the same market, using at least 3 sources with recent information. The Internet is the best source for a public company. Prepare a typewritten summary of this analysis and a presentation for the class. Key elements of this analysis will include: • A brief background of the company, e.g., where it is located, when it was established, the name of the CEO, and what the company does. • A ratio analysis of strengths and weaknesses (use Key Financial Ratios). • Other factors affecting the company, including competitive factors, macro-economic factors, new products, etc. • Your assessment of the future of the company. • Whether you would recommend purchasing stock in the company. • A bibliography. The bibliography is a separate page. • You may attach as many exhibits as you wish to support your paper, e.g., financial statements and other information you obtain from the Internet or elsewhere. • Each team will present the analysis during a class session. The presentation should be a minimum of 15 minutes in length. OMGT 5123 Page 9 of 9