Effective: Late Fall 8-Week, 2018/2019

FINC 350: Business Finance

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  Course Description

A study of the finance function in corporate decision-making. Topics include financial statement analysis, risk and return, valuation, cost of capital, working capital management, the time value of money, and capital budgeting.

Prerequisite: ACCT 281; MATH 150 or MATH 170

Proctored Exams: Midterm and Final



  Textbooks

As part of TruitionSM, students will receive their course materials automatically as described below.

Required

  •  Block, S., Hirt, G., and Danielson, B. (2017). Foundations of financial management with access to Connect (16th ed). McGraw-Hill Irwin.  eText

Bookstore Information

Ed Map is Columbia College’s bookstore for Online, Nationwide, and Evening students.

eText Information

If a course uses an eText, (see Textbook information above) the book will be available directly in Desire2Learn (D2L) and through the VitalSource eText reader the Friday before the session begins, if registered for courses prior to that date.  Students will have a VitalSource account created for them using their CougarMail email address. Upon first login to VitalSource, students may need to verify their account and update their VitalSource password.  More information about how to use the VitalSource platform, including offline access to eTexts, can be found in D2L.  Students that would like to order an optional loose-leaf print-on-demand copy of eligible eTexts can do so through the Ed Map storefront at an additional cost.  Once orders are placed, it can take approximately five to seven business days for students to receive their print-on-demand books.

Physical Course Materials Information

Students enrolled in courses that require physical materials will receive these materials automatically at the address on file with Columbia College.  Delivery date of physical materials is dependent on registration date and shipping location.  Please refer to confirmation emails sent from Ed Map for more details on shipping status.

Returns: Students who drop a course with physical course materials will be responsible for returning those items to Ed Map within 30 days of receipt of the order.  More specific information on how to do so will be included in the package received from Ed Map.  See here for Ed Map's return policy. Failure to return physical items from a dropped course will result in a charge to the student account for all unreturned items.

Note: Students who opt-out of having their books provided as part of TruitionSM are responsible for purchasing their own course materials, but may do so through the Ed Map storefront. Visit https://www.ccis.edu/bookstore.aspx for details.

  Course Overview

Upon completion of this course, you should have and be able to demonstrate a working knowledge of theories, methods, and procedures used in analyzing the financial management of a firm. In addition, when we are finished you should be cognizant of new developments and trends within the field of finance. You will also understand the time value of money, impact of risk, and how to conduct a financial analysis on a publicly traded company.

  Technology Requirements

Participation in this course will require the basic technology for all online classes at Columbia College:
  • A computer with reliable Internet access
  • A web browser
  • Acrobat Reader
  • Microsoft Office or another word processor such as Open Office

You can find more details about standard technical requirements for our courses on our site.

  Course Learning Outcomes

  1. Analyze financial statements and interpret financial ratios to assess company performance.
  2. Explain how a firm’s management of working capital affects its operating, financing, and investment decisions.
  3. Apply discounted cash flow techniques and the risk-return tradeoff to value financial assets.
  4. Explain the CAPM, rates of return, capital structure, and the cost of capital.
  5. Demonstrate an understanding of the capital budgeting process.

  Grading

Grading Scale

Grade Points Percent
A 900-1000 90-100%
B 800-899 80-89%
C 700-799 70-79%
D 600-699 60-69%
F 0-599 0-59%

Grade Weights

Assignment Category Points Percent
Discussions (9) 210 21%
CONNECT Homework (8) 200 20%
Quizzes (6) 180 18%
Exams (2) 410 41%
Total 1000 100%

  Schedule of Due Dates

Week 1

Assignment Points Due
Introduction Discussion 10 Thursday/Sunday
Discussion 1 25
CONNECT Homework 1 25 Sunday
Quiz 1 30

Week 2

Assignment Points Due
Discussion 2 25 Thursday/Sunday
CONNECT Homework 2 25 Sunday
Quiz 2 30
Proctor Information N/A

Week 3

Assignment Points Due
Discussion 3 25 Thursday/Sunday
CONNECT Homework 3 25 Sunday
Quiz 3 30

Week 4

Assignment Points Due
Discussion 4 25 Thursday/Sunday
CONNECT Homework 4 25 Sunday
Midterm Exam 205

Week 5

Assignment Points Due
Discussion 5 25 Thursday/Sunday
CONNECT Homework 5 25 Sunday
Quiz 4 30

Week 6

Assignment Points Due
Discussion 6 25 Thursday/Sunday
CONNECT Homework 6 25 Sunday
Quiz 5 30

Week 7

Assignment Points Due
Discussion 7 25 Thursday/Sunday
CONNECT Homework 7 25 Sunday
Quiz 6 30

Week 8

Assignment Points Due
Discussion 8 25 Thursday/Saturday
CONNECT Homework 8 25 Saturday
Final Exam 205
Total Points: 1000

  Assignment Overview

Discussions

There are 9 graded discussions in the course, with 1 of these being a self-introduction in Week 1. The discussions will provide you an opportunity to apply the concepts covered in the course to a selected publicly traded company. You are to post an initial response to the discussion prompt, and then 1 response post to a classmate. You are also expected to post responses to any follow-up questions asked on your initial response. References are to be used to collect information on the selected company, and your initial post must include a citation.

The self-introduction discussion is worth 10 points. You are encouraged, but not required, to submit response posts to your classmates by 11:59 pm CT Sunday of Week 1. All other discussions are worth 25 points with initial posts being worth 20 points, and response posts 5 points. Initial posts are due by 11:59 pm CT Thursday. Response posts are due by 11:59 pm CT Sunday during Weeks 1 - 7, and by 11:59 pm CT Saturday during Week 8.

CONNECT Homework

You are to complete weekly homework problems in CONNECT. This gives you the opportunity to practice and demonstrate mastery of the quantitative concepts found in the course. Each set of problems is worth 25 points. CONNECT Homework is due by 11:59 pm CT Sunday during Weeks 1 – 7, and by 11:59 pm CT Saturday during Week 8.

Quizzes

There are 6 weekly quizzes found in the Quizzes area of the course that during Weeks 1, 2, 3, 5, 6, and 7. You have 1 attempt to complete 15 multiple choice items on these 23-minute quizzes. Each quiz is worth 30 points. They are available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during their respective weeks.

Exams

There is a proctored Midterm Exam and a proctored Final Exam. The Midterm Exam covers material from the first half of the course, while the Final Exam covers material from the last half of the course. Each is worth 205 points. You will have 1 attempt to complete the 40 multiple choice questions on both 2 hour exams.

The Midterm Exam is available from 12:01 am CT Wednesday though 11:59 pm CT Sunday of Week 4.

The Final Exam is available from 12:01 am CT Wednesday though 11:59 pm CT Saturday of Week 8.

No Extra Credit Allowed in the Course

  Course Outline

Click on each week to view details about the activities scheduled for that week.

Readings

Textbook: Chapters 1 and 2

Introduction Discussion

Please write a one paragraph introduction about yourself. Include what background (if any) you might have in finance, either through coursework or professional experience, and what you hope to take away from this course.

Please take a moment to respond to another student and welcome him or her to the class.

Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

Discussion 1

Your first task of this week is to select and reserve the company you wish to research. With few exceptions, you may choose any publicly traded company that is headquartered in the U.S. Do not select a bank, financial services, insurance company,  or real estate investment trust (REIT) as the ratios used to evaluate financial institutions are beyond the scope of this course and are not addressed in the text. 

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 1

This assignment covers material from Chapter 2. It is due by 11:59 pm CT Sunday.

Quiz 1

Quiz 1 covers material from Chapters 1 and 2. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 1.

Readings

Textbook: Chapter 3

Discussion 2

This week you will continue researching your selected company’s business model and focus on the key drivers of sales/revenues and operating income.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 2

This assignment covers material from Chapter 3. It is due by 11:59 pm CT Sunday.

Quiz 2

Quiz 2 covers material from Chapter 3. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 2.

Proctor Information
Submit your proctor form to the appropriate Dropbox folder by the end of the week. Remember to “Save” the form before placing it in Dropbox. See the Content area for more information.
Readings

Textbook: Chapters 6 and 7

Discussion 3

This week you will examine the company’s per share data and its annual growth rate percentages to get a sense of how well management has increased sales and controlled costs. You will also gain insight into the key risks of the company’s business model.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 3

This assignment covers material from Chapters 6 and 7. It is due by 11:59 pm CT Sunday.

Quiz 3

Quiz 3 covers material from Chapters 6 and 7. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 3.

Readings

Textbook: Chapter 9

Discussion 4

This week we will focus on the company’s competitive environment. The choice of which competitors to profile is up to you and should be based on what you have learned about the company so far.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 4

This assignment covers material from Chapter 9. It is due by 11:59 pm CT Sunday.

Midterm Exam

The proctored Midterm Exam covers material from Weeks 1 - 4. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 4.

Readings

Textbook: Chapters 10, 16, and 17

Discussion 5

This week we look at evaluating the company’s liquidity ratios and comparing them to the industry average. Lenders, creditors, and suppliers find liquidity ratios quite useful in deciding whether or not to grant credit.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 5

This assignment covers material from Chapters 10, 16, and 17. It is due by 11:59 pm CT Sunday.

Quiz 4

Quiz 4 covers material from Chapters 10, 16, and 17. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 5.

Readings

Textbook: Chapter 11

Discussion 6

The focus this week is on evaluating the company’s asset utilization ratios. This category of ratios evaluates how effectively the company is using its investment in assets to generate sales.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 6

This assignment covers material from Chapter 11. It is due by 11:59 pm CT Sunday.

Quiz 5

Quiz 5 covers material from Chapter 11. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 6.

Course Evaluation
Please evaluate the course. You will have an opportunity to evaluate the course near the end of the session. A link sent to your CougarMail will allow you to access the evaluation. Please note that these evaluations are provided so that I can improve the course, find out what students perceive to be its strengths and weaknesses, and in general assess the success of the course. Please do take the time to fill this out.
Readings

Textbook: Chapter 12

Discussion 7

This week we look at evaluating the company’s debt utilization ratios. This category of ratios is especially important to creditors and investors.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Sunday.

CONNECT Homework 7

This assignment covers material from Chapter 12. It is due by 11:59 pm CT Sunday.

Quiz 6

Quiz 6 covers material from Chapter 12. It is available from 12:01 am CT Wednesday through 11:59 pm CT Sunday during Week 7.

Readings

Textbook: Chapter 13

Discussion 8

This week we will focus on the company’s profitability ratios. Profitability ratios are very important to investors. Companies often use these ratios when evaluating its managers.

Please see the Discussion Area of the course for this week's discussion prompt. Initial posts are due by 11:59 pm CT Thursday, and response posts are due by 11:59 pm CT Saturday.

CONNECT Homework 8

This assignment covers material from Chapter 13. It is due by 11:59 pm CT Saturday.

Final Exam

The proctored Final Exam covers material from Weeks 5 - 8. It is available from 12:01 am CT Wednesday through 11:59 pm CT Saturday during Week 8.

  Course Policies

Student Conduct

All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at 573-875-7400. The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette.

Plagiarism and Academic Integrity

Academic integrity is a cumulative process that begins with the first college learning opportunity. Students are responsible for knowing the Academic Integrity policy and procedures and may not use ignorance of either as an excuse for academic misconduct. Columbia College recognizes that the vast majority of students at Columbia College maintain high ethical academic standards; however, failure to abide by the prohibitions listed herein is considered academic misconduct and may result in disciplinary action, a failing grade on the assignment, and/or a grade of "F" for the course.

Additionally, all required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.

Non-Discrimination

There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status.

Student Accessibility Resources

Students with documented disabilities who may need academic services for this course are required to register with the office of Student Accessibility Resources. Until the student has been cleared through this office, accommodations do not have to be granted. If you are a student who has a documented disability, it is important for you to read the entire syllabus as soon as possible. The structure or the content of the course may make an accommodation not feasible. Student Accessibility Resources is located in Student Affairs in AHSC 215 and can be reached by phone at (573) 875-7626 or email at sar@ccis.edu.

Online Participation

You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible.

Attendance Policy

Attendance for a week will be counted as having submitted any assigned activity for which points are earned. Attendance for the week is based upon the date work is submitted. A class week is defined as the period of time between Monday and Sunday (except for week 8, when the work and the course will end on Saturday at midnight.) The course and system deadlines are based on the Central Time Zone.

Cougar Email

All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring email from that account for important messages from the College and from your instructor. You may forward your Cougar email account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other email providers.

Students should use email for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond.

Late Assignment Policy

An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class.

No late discussion posts will be accepted. No other late assignments are accepted without permission from the instructor.

Course Evaluation

You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted.

Proctor Policy

Students taking courses that require proctored exams must submit their completed proctor request forms to their instructors by the end of the second week of the session. Proctors located at Columbia College campuses are automatically approved. The use of ProctorU services is also automatically approved. The instructor of each course will consider any other choice of proctor for approval or denial. Additional proctor choices the instructor will consider include: public librarians, high school or college instructors, high school or college counseling services, commanding officers, education service officers, and other proctoring services. Personal friends, family members, athletic coaches and direct supervisors are not acceptable.

  Additional Resources

Orientation for New Students

This course is offered online, using course management software provided by Desire2Learn and Columbia College. The course user guide provides details about taking an online course at Columbia College. You may also want to visit the course demonstration to view a sample course before this one opens.

Technical Support

If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Technology Solutions Center, or the D2L Helpdesk for assistance.  If you have questions about the Ed Map storefront, please contact the Columbia College Technology Solutions Center.  If you have technical problems with the VitalSource eText reader, please contact VitalSource.  Contact information is also available within the online course environment.

Online Tutoring

Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college.

Access Smarthinking through CougarTrack under Students -> Academics -> Academic Resources.