Course Title:  Managerial Finance

Term, Level, and Credit: Fall 2002,  Upper Division, 3 Semester Hours

Course Description:  The domestic and multinational corporation, its operating, legal, and tax environment.  Financial analysis, long-term investment decisions, capital structure, management of working capital, sources of long-term financing, and failure.

Course Prerequisites:  SUCCESSFUL COMPLETION of Acct. 201-202 or Acct. 300, and Econ 201-202.

Course Text and Required Materials:  Fundamentals of Corporate Finance, 6th Edition , by Stephen Ross, Randolph Westerfield, and Bradford Jordan, Alternate Edition.  (Note:  This text will also be used in Finance 302)

Course Objective:  This course introduces the student to the fundamental concepts of corporate finance, asset management, and the function of finance within domestic and multinational corporations.  Subjects to be covered include wealth maximization, financial analysis and planning, working capital management, corporate investment decision making, short-term financing, cost of capital, and financial distress. Course objectives will be achieved through:
1. Examinations.
2. Written quizzes over material covered in the course.
3. Written assignment using the Internet applying concepts covered in the course.

Course Grading: There will be 4 exams including the final. All exams are mandatory The grades will be curved for the exams and course.  Course grades will be determined by calculating a weighted average with the following weights:

  Exam 1                                        20%
  Exam 2                                         20%

Exam 3                                         20%
  Final                                             30%
  Quizzes & Internet Report            10%
                                                     100%

Each exam will cover approximately one-fourth of the course material. The final exam will be comprehensive, details will be specified later in the semester. If an exam must be missed, students must give notice prior to the exam.  Any exam missed without giving notice before the exam date will receive a score of zero and the student will receive a failing grade for the course. There will be no extra credit projects. There will be no incomplete grades given (except under the most severe circumstances). There will be about 6 to 8 quizzes during the semester. The lowest 2 quiz scores will be dropped. NO MAKE-UPS WILL BE GIVEN FOR QUIZZES MISSED.

Students will be required to complete a research report for a company using internet resources Details will be given during the semester.

Withdrawal dates: October 18 - Last day to drop with a W
    No withdrawals will be permitted after October 18 except
   for circumstances as specified in the University
   Catalog, page 36.

Class Attendance and Academic Honesty: It is the responsibility and expectation that each student will attend class. Each student bears the responsibility for all material covered in class and each assignment whether the student is in class or not. Each student is responsible for knowing and understanding the material, and the consequences for not attending class. Any student found cheating will be assigned a failing grade for the course and will be reported to the Vice Chancellor for Student Affairs and to the Dean of the College of Business and Public Affairs for further disciplinary action.

Students with Disabilities: Any student eligible for and requesting academic accommodations due to a disability is requested to provide a letter of accommodation from P.A.C.E. or Student Academic Support Center within the first two weeks of the semester.
 

Course Number, Section, Semester:  Finance 301, Sections 001and 002 , Fall 2002

Instructor:  Dr. Arnold L. Redman

Office Location:  Business Administration Building, Room 206

Office Telephone: 587-7248

E-Mail Address: aredman@utm.edu

Office Hours: 9:00 - 11:30 M, 4:00 - 5:00 M, 9:30 - 11:30 T, 1:30 - 3:00 T, 8:30 - 11:30 W; other times by appointment

Web page: www.utm.edu/~aredman/finance.htm
 
 

                   2                                         Accounting, Taxes, and Cash Flows                             6, 7, 21

                   3                                         Financial Statement Analysis                                         26

                   4                                         Pro Forma Statements                                                  9, 10, 11

                   5                                        Time Value of Money                                                     2, 3, 4, 5, 10,17, 19

                                                    * * * *   EXAM 1  * * * Wednesday September 18, 2002

                  6                                         Compound Interest and Present Value                            2, 7, 8, 9, 10, 14,
                                                                                                                                                    28, 38, 49, 58

                  7                                         Bond Valuation                                                               3, 4, 6

                  8                                         Stock Valuation                                                                4

                  9                                         Capital Budgeting Decisions                                             1, 2, 9

                10                                         Cash Flow Analysis                                                          14

                                                    * * * *  EXAM 2   * * * * Wednesday October 23, 2002

                12                                         Nature of Investment Returns                                            1, 2

                13                                          Risk and Return                                                               7

               15                                          Cost of Capital                                                                 1,  9 part a

               16                                          Corporate Financing

               18   (optional)                         Dividend Policy

                                                   * * * *  EXAM 3  * * * * Monday, November 25, 2002

               19                                          Short-Term Financing

               20  (optional)                        Cash Management

               21 (optional)                         Accounts Receivable and Inventory Management

               22                                         International Financial Management                                     1