CSUF, MIHAYLO COLLEGE OF BUSINESS AND ECONOMICS
Department of Finance
FIN 320 Section 85: Financial Management I
Course Syllabus
Professor: Jenny Hom, CFA /

Phone:657–278–2217; Email:

Office: IRVC 224 / http://business.fullerton.edu/finance/finance320.htm

Course ID: hom53856

/

Meetings:Tuesday 7:00-9:45 pm at IRVC119

Office Hours: 4:00-6:00 pm on Thursdays (Fullerton); 6:00-6:55pm (Irvine); or by appt

Course Description:

Using a lecture and discussion teaching format, this course focuses on financial decision-making as related to a company’s choice of which investments to make and how to raise capital to fund the investment. This course emphasizes the Valuation Principle, which can be applied in personal life and inside a business. The primary goal of a business is to increase the value of a firm. Topics covered include: Financial statement analysis; Interest rates and valuing cash flows; Investment decision rules and capital budgeting; Risk and return in the capital markets.

Required Text:

Fundamentals of Corporate Finance,First Custom Edition for Finance 320, CSUF, by Berk, DeMarzo and Harford. Pearson Custom Publishing (2012). Purchase the package which includes MyFinanceLab.

Required Materials:

  1. Financial Calculator (Texas Instruments BAII PLUS)
  2. Required: purchase and use of MyFinanceLab, a computerized on—line homework software package.
  3. Package: Text and MyFinanceLab (with eBook) - $100
  4. MyFinanceLab (without eBook) - $55

Prerequisite:

ACCTG 201A. Classes are subject to administrative audit at any time during the semester. Any unqualified student will be administratively dropped.

Course Objective:

The objective of FIN 320 is to learn and understand the fundamental principles and applications of corporate finance, which are outlined in theGuide to Finance 320, Required Competencies and Study Tips, in the textbook. These competencies are described in detail along with focus questions, related reading and study problems.

Assessment:

The main purpose of the degree program at the College of Business & Economics (College) at Cal State Fullerton is to provide you with the knowledge and skills that prepare you for a successful career in business. In order to assist us in achieving this goal, we will use a number of assessment tools to track your progress throughout the College curriculum. Please expect to participate in College assessment activities in several of your courses while at CSU, Fullerton. As you do so, you will assist us in identifying our program’s strengths and weaknesses as well as areas for potential improvement. In other words, you are making an important investment in the value of your degree.

Evaluation (MAKE–UP EXAMS ARE NOT GIVEN):

  1. Quizzes and Homework Assignments 15%

(OnMyFinanceLab)

  1. 2 Midterm Exams – In Class 40% total (20% each)
  2. Valuation Exam (on MyFinanceLab) 15%
  3. Comprehensive Final Exam-In Class

(All chapters except Chapter 10) 30%

100%

Course Policies:

  1. CHANGES TO THE SYLLABUS MAY BE MADE DURING THE TERM – Students are responsible for attending the class and being aware of any relevant changes.
  2. Plus/minus grading will be used in this course. Please remember, that because FIN 320 is a College Core Course, you need a minimum grade of a Cto keep from having to retake thecourse. You will earn the following grade if your weighted average course score falls within the following percentiles:
  3. Grading Scale

Grade / GPA / % Range / Grade / GPA / % Range / Grade / GPA / % Range
A+ / 4.0 / 98 – 100% / A / 4.0 / 94 – 97.99% / A- / 3.7 / 90 – 93.99%
B+ / 3.3 / 88 – 89.99% / B / 3.0 / 84 – 87.99% / B- / 2.7 / 80 – 83.99%
C+ / 2.3 / 78 – 79.99% / C / 2.0 / 74 – 77.99% / C- / 1.7 / 70 – 73.99%
D+ / 1.3 / 68 – 69.99% / D / 1.0 / 64 – 67.99% / D- / 0.7 / 60 – 63.99%
F / 0.0 / < 60%
  1. Quizzes and Homework: There are weekly quizzes and homework assignments. 20 of the 24quizzes and homework will be counted toward your grade(the 2 lowest scores of each will be dropped at the end of the term). Use (register and complete quizzes and homework on-line).
  2. A sample Valuation Exam and a sample Department Final exam will be available on the Finance Department FIN320 webpage at: The Valuation Exam is a departmental requirement and will be administered through MyFinanceLab. You will be allowed 2 attempts, and your best grade is recorded. The Guide to Finance 320 in the textbook contains information about these exams.
  3. A formula sheet will be provided to you during the exams. No other notes (“cheat sheet”) will be allowed.
  1. MAKE-UP EXAMS ARE NOT GIVEN. Valid excuses (typed, signed and verified) for missed exams will be considered in the final grading. The course outline lists dates for the exams. You are responsible to take the exams whenever they are given, even if the date changes from this syllabus. You must take each exam with the section in which you are enrolled.
  2. Dates and terms for withdrawalare as outlined for the CSUF in the Course Schedule.
  3. CSUF student ID must be displayed during all exams; exams will only be given to enrolled students that show a valid picture ID.
  4. Grades are final unless there is a computational error.
  5. Academic dishonesty, as defined by University policy in the 2009-2011 CSUF Catalog, will result in appropriate University level disciplinary and academic action. The Department of Finance requires that students engaging in academic dishonesty receive a grade of F. In addition, Department policy requires that all individuals engaging in academic dishonesty be reported to the Vice President, Student Affairs.

12. Class Conduct. Student conduct is addressed on pages 73-75 of the University catalog. The

classroom environment is important to the instructor and students to optimize the learning

process. The student is expected to attend the full class each time. A disruptive student will

be asked to leave the classroom to maintain a respectful learning environment for all

students. The student will refrain from bringing food and beverage in class. Cell phone and

other electronic devices need tobe turned off during class. Laptop computers may be used

to take notes or access PPT slides. Please take care of personal needs prior to class to avoid

disruption.

13. Special Needs. Our learning community respects all forms of diversity. Please see the

Instructor if you need accommodations for a registered disability, or to fulfill cultural or

religious obligations. Students with special needs should contact Disability Support

Services,UH 101 or via

14. Emergency Preparedness. The safety of all students attending California State University

Fullerton isof paramount importance. During an emergency it is necessary for students

to have a basicunderstanding of their personal responsibilities and the University’s

emergency response procedures. Students can determine the University’s operational

status by calling the University’s hotline number at 657-519-0911, or tuning into area radio

and television stations. Students should assume that classes will be held unless they hear or

read an official closure announcement.

Course Outline (subject to change)
Week / Dates / Chapter: Topic/Assigned Reading / Exams/ Homework/ Quizzes
1
2 / Jan 21
Jan 28 / 1: Corporate Finance and the Financial Manageri, iii
2: Introduction to Financial Statement Analysisii, iii, iv / All homework and quizzes for each chapter are in MyFinanceLab
3
4 / Feb 4
Feb 11 / 3: Time Value of Money: An Introduction
4: Time Value of Money: Valuing Cash Flow Streams
5 / Feb 18 / 5: Interest Rates
6 / Feb 25 / Exam 1: 1-5
6: Bonds / In Class
7 / Mar 4 / 6: Bonds
8 / Mar 11 / 7: Stocks(Int’l Corp Fin) ii
9 / Mar 18 / 8: Investment Decision Rules
10 / Mar 23-30
Mar 25 / Valuation Exam: 3, 4, 6, 7
9: Fundamentals of Capital Budgeting / MyFinanceLab
Apr 1-6 / Spring Recess
11 / Apr 8 / 9: Fundamentals of Capital Budgeting
11: Risk and Return in Capital Markets
12 / Apr 15 / EXAM 2: 6-9
11: Risk and Return in Capital Markets / In Class
13 / Apr 22 / 12: Systematic Risk and the Equity Risk Premium
14 / Apr 29 / 12: Systematic Risk and the Equity Risk Premium
13: Cost of Capital
15 / May 6 / 13: Cost of Capital
Final Exam / May 13
7:30-9:20pm / FINAL EXAM(All chapters except Chapter 10) In Class
The Final Exam is a common exam for the Department of Finance.

The roman numeral code following most topics indicates coverage of the following business perspectives: i) Ethical issues;ii) Global issues; iii) Political, social, legal, regulatory, and environmental issues; and iv) Technological issues.

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