5 classes, a whole semester's worth of work due in 4 weeks...
carich
managerial_finance_syllabus.docxCourse Description:
Provide students with the tools to understand and apply concepts of accounting and finance to management of a business entity.
Course prerequisites: Acct 2102, Econ 2102, Math 1150 or permission of the instructor.
Course goals,objectives, and expectations :
Upon successful completion of this course, the student will have:
1. Explain the role of financial management in a business organization and assess the impact of taxes, depreciation, and interest rates on business planning.
2. Demonstrate an understanding of the principles of time value of money, relationship between risk and return, importance of cash flow, cost of capital, and stock bond valuations.
3. Demonstrate ability to recognize, define and understand business financial situations/problems and opportunities through analysis of stockholder reports, income statement, balance sheets, statement of retained earnings, statement of cash flows, and pro-forma statements.
4. Explain how a business interacts and is affected by its environment.
5. Exhibit an understanding of the legal issues/regulations that impact the business/financial environment.
6. Demonstrate ability to create, gather, integrate and analyze electronic and non electronic information/financial data.
7. Illustrate the capital budgeting process and formulate prudent capital budgeting decisions.
8. Differentiate between short term and long term financing needs and choose between the various equity and debt instruments available.
Textbook: Foundations of Financial Management, 14th edition, Block, Hirt, & Danielson, McGraw Hill Publishing Company, 2011, ISBN 978-0-07-7477578 with Connect Finance. An E version of the textbook is also available on the Connect website you may purchase instead of a paper book. MAKE SURE YOU PURCHASE ACCESS TO CONNECT FINANCE!!!!!
1. An Internet Browser - Firefox provides the highest level of compatibility. Microsoft's Internet Explorer at times may have technical challenges to overcome. 2. Use of the University of Minnesota, Crookston e-mail account 3. Microsoft Office - with Word, Excel, Powerpoint or equivalent software that is file compatible
Grading Related Policies:
Chapter Questions & Discussions: 10% of grade
Homework Problems: 30% of grade
Quizzes: 20% of grade
Tests: 40% of grade
Grading Scale:
· A 91-100
· A- 90
· B+ 89
· B 81-88
· B- 80
· C+ 79
· C 71-78
· C- 70
· D+ 69
· D 60-68
· F 0-59
Attendance Monitoring: – Be aware that I regularly monitor your attendance in this class. Moodle provides faculty with a comprehensive report on when you visit the course site, what materials you have looked at (including each discussion posting of fellow students), and how much time you have invested in the materials for the course. It is my expectation that I will see regular, daily involvement and will consider you involvement as a subjective assessment in the determination of a final grade for this course.
Penalties for late work: I request that all assignments, discussions and exams be submitted by the deadline defined so that you will be able to finish this class on time, but I do understand busy work schedules. The deadlines listed in this Moodle site are firm deadlines. I do penalize for work that is submitted after the deadline. I also rarely grant a student an incomplete,or more time after a semester ends. The last day of instruction is a hard deadline. At no time will I grant an incomplete unless a student has completed at least 50% of the required course work, and then only for a very good reason. Simply waiting to the end of the semester to submit your work is not an acceptable excuse. Without this work finished, no incomplete can be considered.
Make-up Work: Students are expected to submit assignments, respond to discussions, and take exams at the times scheduled in the syllabus. Possible exceptions include serious illness, family emergency, or a legitimate conflict with recognized University activities. If these apply, contact Mr. Bulie so that he has an understanding of the challenges you are encountering as you work through the course.
Extra credit: No extra credit opportunities are available in this class. Should Mr. Bulie determine the need to offer extra credit, all students will have equal opportunity to complete the optional work.
How to dispute a grade for an assignment or exam: If you wish to dispute the grade assigned to a paper or a question on an exam, you must do so IN WRITING, or by e-mail, within 24 hours after the exam or paper has been returned. You must include a specific rationale for why your answer is correct, or why the assignment deserves a higher grade. "I think I deserve a better grade" does NOT constitute a rationale.
Final Examination Schedule: Exams will be conducted online on the Connect Accounting site.
Course Expectations
Academic workload policy: This class is demanding. Students are expected to accomplish a number of tasks, including a considerable amount of reading. University of Minnesota undergraduate students are expected to spend about 10-15 hours per week on this class.
Communications: - As this course moves along, there will be times that you may want to contact your professor directly by email. You can expect a reply from him within 24 hours / 7 days a week. You may also reach Mr. Bulie over Skype at ken.bulie (you will first need to request that he add you to his access list), or by calling his office telephone at 218-281-8194.
Student Conduct: The University seeks an environment that promotes academic achievement and integrity, that is protective of free inquiry, and that serves the educational mission of the University. Similarly, the University seeks a community that is free from violence, threats, and intimidation; that is respectful of the rights,opportunities, and welfare of students, faculty, staff, and guests of the University; and that does not threaten the physical or mental health or safety of members of the University community.
As a student at the University you are expected adhere to Board of Regents Policy: Student Conduct Code . To review the Student Conduct Code, please see: http://www1.umn.edu/regents/policies/academic/Student_Conduct_Code.html . Mr. Bulie may exercise the option of deleting a discussion posting or shared course materials should he feel there is a genuine concern. Students will be notified through email of any deletion with an explanation.
Teaching Methods Used in the Class: - This has course has online & on campus sections, supported with online discussions, reading and writing assignments, and other traditional assessment activities. I will also ask students to examine and discuss emerging business topics that will lead students to a deeper understanding of the nature of federal taxation.
Statement on class preparation and interaction:
EXPECTATIONS You can expect me to:
· Plan the course AND alter that plan as needed. I believe the best curriculum comes from the student. That means that we will take advantage of unforeseen events that capture our interest, and then juggle the class topics as necessary.
· Give you feedback. I take the assignments in this class seriously, and have made giving feedback a priority.
· Bring my expertise into the online & in class classroom.
· Be patient when you are struggling with ideas. To me, the struggle reveals that learning is taking place.
· Provide clarity when the struggle gets too strong.
· Be open about options. I think it's great when students bring ideas of how to form a class session or perhaps request a topic.
· Treat you, as adult learners, with the related style of respect.
Here is what I expect from you:
· Daily and Weekly participation in online class discussions.
· Effort to make this class your own. In other words, what will you do to foster your learning?
· Completion of all assignments including the reading.
· College-level quality writing: legible and proofread.
· Thorough preparation for examinations.
· Honesty.
· Courage. Courage to challenge what you read or hear (even from me). Courage to talk with me if there are concerns before they become burdensome.
Statement on academic integrity: Academic integrity is essential to a positive teaching and learning environment. All students enrolled in University courses are expected to complete coursework responsibilities with fairness and honesty. Failure to do so by seeking unfair advantage over others or misrepresenting someone else's work as your own, can result in disciplinary action. The University Student Conduct Code defines scholastic dishonesty as follows:
· SCHOLASTIC DISHONESTY: submission of false records of academic achievement; cheating on assignments or examinations; plagiarizing; altering, forging, or misusing a University academic record; taking, acquiring, or using test materials without faculty permission; acting alone or in cooperation with another to falsify records or to obtain dishonestly grades, honors, awards, or professional endorsement.
· Within this course, a student responsible for scholastic dishonesty can be assigned a penalty up to an including an "F" or "N" for the course. If you have any questions regarding the expectations for a specific assignment or exam, ask.
Plagiarism: The definition of plagiarism is to use another person's work (words or ideas) without giving clear credit to the source of that information. Plagiarism can be intentional and unintentional.
Intentional plagiarism is cheating. This is when you copy the work of another and call it your own.This includes copying from a book, journal, web page, another term paper, or any other source. Things such as art, graphics, poetry, data, text, computer programs and code, web sites, music and other creative expressions are included as things that can not be copied without proper citing or permission.
Plagiarism is stealing the work of another and then trying to deceive another into believing that work was done by him/her.
Unintentional plagiarism is also cheating. This happens when a writer does not intend to plagiarize, but fails to cite the sources of the information that they use correctly.
All incidents of plagiarism in this course will be written up and submitted to the UMC Vice-chancellor or Academic Affairs in accordance with UMC policy. The professor in this course reserves the right to treat each case individually, but typical actions that could be carried out by Professor Brorson include any or all of the below if plagiarism is detected:
· Receive an F on the assignment
· Receive an F for the course
In addition, if a student has offended more than a single occasion, University administration may take additional action, including:
· the loss of athletic or other privileges
· expulsion from school
Additional UMC information on Academic Dishonesty may be found at http://www.crk.umn.edu/campusinfo/policies/dishonst.htm .
Appropriate Student Use of Class Notes and Course Materials: Taking notes is a means of recording information but more importantly of personally absorbing and integrating the educational experience. However, broadly disseminating class notes beyond the classroom community or accepting compensation for taking and distributing classroom notes undermines instructor interests in their intellectual work product while not substantially furthering instructor and student interests in effective learning. Such actions violate shared norms and standards of the academic community. For additional information, please see: http://policy.umn.edu/Policies/Education/Education/CLASSNOTESSTUDENTS.html Use of Personal Electronic Devices: While the use of personal electronic devices is not much of an issue in online classes, whenever a real time class video conference takes place, using personal electronic devices other than your personal computer is prohibited. Devices such as cell phone engaged in texting can hinder instruction and learning, not only for the student using the device but also for other students in the class. For complete information, please reference: http://policy.umn.edu/Policies/Education/Education/CLASSROOMPED.html
Equity,Diversity, Equal Opportunity, and Affirmative Action: The University will provide equal access to and opportunity in its programs and facilities, without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. For more information, please consult Board of Regents Policy: http://www1.umn.edu/regents/policies/administrative/Equity_Diversity_EO_AA.html .
Accommodations for students with disabilities: It is University policy to provide, on a flexible and individualized basis, reasonable accommodations to students who have disabilities that may affect their ability to participate in course activities or to meet course requirements. Students with disabilities are encouraged to contact Professor Brorson to discuss their individual needs for accommodations.
Sexual Harassment: "Sexual harassment" means unwelcome sexual advances, requests for sexual favors, and/or other verbal or physical conduct of a sexual nature. Such conduct has the purpose or effect of unreasonably interfering with an individual's work or academic performance or creating an intimidating, hostile, or offensive working or academic environment in any University activity or program. Such behavior is not acceptable in the University setting. For additional information, please consult Board of Regents Policy: http://www1.umn.edu/regents/policies/humanresources/SexHarassment.html
Academic Freedom and Responsibility - Academic freedom is a cornerstone of the University. With the scope and content of this course as defined by your instructor, it includes the freedom to discuss relevant matters in the classroom and online. Along with this freedom comes responsibility. Students are encouraged to develop the capacity for critical judgement about matters of opinion, but are responsible for learning the content of the course of study for which they are enrolled. Report of concerns about academic freedom are taken seriously, and there are individuals and offices available for help. Contact your instructor, Department Chair, your adviser, or the Vice Chancellor for Academic Affairs if you have academic freedom concerns.
