CSUF, MIHAYLO COLLEGE OF BUSINESS AND ECONOMICS
Department of Finance
FIN 320: Financial Management I
SPRING 2013
Instructor: Victor Dosti /

Phone: 626-316-3490

Office: SGMH 5113 / email:

Section 320-08

/

Meetings: TuTh 10 – 11:15 AM;SGMH 1313

OFFICE HOURS: Th 11:30 AM – 12:30 PM and by appointment

Course Description:

Using a lecture and discussion teaching format, this course provides a background in the concepts, processes and institutions in the financing of business enterprises. Topics covered include: financial statement analysis;interest rates and valuing cash flows (time value of money); valuing stocks & bonds; investment decision rules and capital budgeting; risk and return (CAPM); and cost of capital. Concepts of international corporate finance are integrated throughout the course.

Required Materials:

  • Fundamentals of Corporate Finance, First Custom Edition for CSUF Finance 320, by Berk, DeMarzo, and Harford. Pearson Custom Publishing (2012) – purchase the new book package with ‘MyFinanceLab’ (used books will not have the MyFinanceLab access code)
  • Financial Calculator (Texas Instruments BA II PLUS preferred); Microsoft Excel

Prerequisite: ACCTG 201A

Classes are subject to administrative audit at anytime during the semester. Any unqualified student will be administratively dropped.

COURSE POLICIES

CHANGES TO THE SYLLABUS MAY BE MADE DURING THE TERM – STUDENTS ARE RESPONSIBLE FOR ATTENDING CLASS AND BEING AWARE OF ANY RELEVANT CHANGES.

  1. The main purpose of the degree program at Mihaylo College of Business and Economics (MCBE) at CSU 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 MCBE curriculum. Please expect to participate in MCBE assessment activities in several of your courses while at MCBE. As you do so, you will assist us in identifying our program’s strengths and weaknesses as well as areas for improvement. In other words, you are making an important investment in the value of your degree.
  1. 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 C to keep from having to retake the course. You will earn the following grade if your weighted average course score falls within the following percentiles:

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: Homework assignments and quizzes are administered through MyFinanceLab. 14 of the 16 quizzes and homework will be counted toward your grade (the 4 lowest scores will be dropped at the end of the term). See instructions at the end of this document to register at
  1. Exams:MAKE-UP EXAMS ARE NOT GIVEN. You must take the exams as scheduled.

The Valuation Exam and Comprehensive Final Exam are departmental requirements. Students will be given two chances to pass the Valuation exam. Students who do not pass the first exam with 76% accuracy will take a second version of the exam. Samples of the Valuation Exam and Final Exam are available on the Finance Department Fin320 webpage at:

  1. Notes are not allowed during the exams – A study guide will be available prior to each exam and a formula sheet will be provided with each exam.

5.Grades will be allocated as outlined below:

Points / Percentage
‘MyFinanceLab’ Homework & Quizzes / 20 / 20%
Midterm Exams (2 @ 20% each) / 40 / 40%
Valuation Exam (online via MyFinanceLab) / 15 / 15%
Final Exam (cumulative) / 25 / 25%
Total / 100 / 100%
  1. CSUF Policy on Academic Dishonesty: Academic dishonesty will not be tolerated. The University Catalog and the Class Schedule provide a detailed description of Academic Dishonesty under `University Regulations.’ (Or read this link on CSUF’s policy on Academic Dishonesty.)
  1. CSUF Policy on Disabled Students: The University requires students with disabilities to register within the first week of classes with the Office of Disabled Student Services (DSS), located in UH-101 and at (657) 278 – 3112 in order to receive prescribed accommodations and support services appropriate to their disability. Students requesting accommodations should inform their instructors during the first week of classes about any disability or special needs that may require specific arrangements/accommodations related to attending class sessions, completing course assignments, writing papers, or quizzes, tests or examinations. Click on the links for information about the services provided by DSS to students and the obligations of facultyto make accommodations for students registered with the DSS office.
  1. Emergency Policies: All students should be aware of what needs to be done in the case of an emergency, such as an earthquake, a fire, or other disasters, natural or otherwise. Be sure to look at the CSUF Emergency Preparedness website for critical information about your safety.
COURSE OUTLINE
Week / Chapter / Topic/Assigned Reading / Assignments
Week 1
Week 2 / 1
2 / Corporate Finance and the Financial Manageri, iii
Introduction to Financial Statement Analysisii, iii, iv / Please see
last page for
MyFinanceLab
Assignments
Week 3
Week 4 / 3
4 / Time Value of Money: An Introduction
Time Value of Money: Valuing Cash Flow Streams
Week 5 / 3 & 4
1 – 4 / Time Value of Money – Focus on Timelines/Formulas and Excel
EXAM 1 / Exam in Class
Week 6 / 5 / Interest Rates
Week 7 / 6 / Bonds
Week 8 / 7 / Stocks(Int’l Corp Fin) ii
Week 9 / 3,4,6,7
8 / Valuation Exam Administered through MyFinanceLab
Investment Decision Rules
Week 10 / 9 / Fundamentals of Capital Budgeting
Week 11 / 10 / Stock Valuation: A Second Look
Week 12 / 5 – 10
11 / EXAM 2
Risk and Return in Capital Markets / Exam in Class
Week 13 / 11
12 / Risk and Return in Capital Markets, continued
Systematic Risk and the Equity Risk Premium
Week 14 / 12 / Systematic Risk and the Equity Risk Premium, continued
Week 15 / 13 / The Cost of Capital
Final Exam Week / TBD / FINAL EXAM 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.

Homework/Quiz Schedule for MyFinanceLab

The best4 out of 5 quizzes and 6 out of 11 homework assignments (10 points each) will be counted toward the maximum 100 points. All homework is due by 11:00pm.

Order / Assignment / Category / Start / Due
1 / Introduction - Chapter 1 / Homework / Week 1 / Week 3
2 / Chapter 2 / Homework / Week 1 / Week 3
3 / Quiz1 (Chapters 1 and 2) / Quiz / Week 1 / Week 3
4 / Chapter 3 / Homework / Week 3 / Week 5
5 / Chapter 4 / Homework / Week 3 / Week 5
6 / Quiz2 (Chapters 3 and 4) / Quiz / Week 3 / Week 5
7 / Chapter 5 / Homework / Week 5 / Week 8
8 / Chapter 6 / Homework / Week 5 / Week 8
9 / Quiz3 (Chapters 5 and 6) / Quiz / Week 5 / Week 8
10 / Chapter 7 / Homework / Week 8 / Week 12
11 / Chapter 8 / Homework / Week 8 / Week 12
12 / Chapters 9 and 10 / Homework / Week 8 / Week 12
13 / Quiz4 (Chapters 7, 8, 9 and 10) / Quiz / Week 8 / Week 12
14 / Chapters 11 and 12 / Homework / Week 13 / Week 15
15 / Chapter 13 / Homework / Week 13 / Week 15
16 / Quiz5 (Chapters 11, 12 and 13) / Quiz / Week 13 / Week 15

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