CENTRAL CONNECTICUT STATE UNIVERSITY

FIN-295 MANAGERIAL FINANCE

COURSE SYLLABUS, SPRING 2017

INSTRUCTOR: Elisabeta Pana, Ph.D.

OFFICE: Robert Vance Academic Center, 462
OFFICE HOURS: MW 10:00 AM-12:00 PM
T 1:00-3:00 PM
E-MAIL: epana@ccsu.edu
PHONE: 860 832-3217

Course Objectives
The purpose of this course is to cover several concepts, instruments, and techniques used in financial
decision-making and provide you with a general view of the financial system. Students will become
familiar with topics in financial management, such as financial statement analysis, capital budgeting
analysis, stock and bond valuation, interest rate determination methods, risk and cost of capital.

Learning Objectives
Understand the risk versus return relationship
Understand and apply asset valuation theories
Understand roles and functions of capital markets and institutions
Understand corporate financing and capital structure issues

Prerequisites
AC 211 and one of the following: STAT 104, STAT 200, STAT 215, STAT 314, or STAT 315, all
with grades of C- or better

Required Textbook: Fundamentals of Financial Management, Thomson Learning/South-Western,

by Eugene F. Brigham and Joel F. Houston.

Reading Materials: Available on Blackboard

Some students report that the class materials including but not limited to Excel spreadsheets and class
notes slides clarify and reinforce the key concepts and analytical techniques presented in the text.

Required Calculator
You must have a financial calculator to get through the course (Texas Instruments TI 83 or TI 84).
The ability to use a financial calculator is critical to success in the class. You can access tutorials for
these calculators at: http://www.tvmcalcs.com/calculator_index. It is essential to bring the financial
calculator to every class.

Class Procedures
Individual study and preparation outside the class are very important for the success in the class. After
the lecture, you should study your notes and work the relevant problems from the end of the chapter.
Inappropriate use of a laptop or cell phone during class time (instant messaging, e-mailing, surfing the
Internet) becomes a distraction to you and those around you. Therefore, you should refrain from
using computers to surf the Internet or cell phones during class time.

Course Communication
While instructions for assignments and other information will be given in class, the primary method
of communication of announcements, solution to assignments etc. will be through the Blackboard
system. It is your responsibility to read and retrieve all necessary material (class notes, assignments,
announcements, etc.) from the Blackboard on a regular basis. Recording the class lecture in any form
and/or distributing class materials without approval from the instructor is strictly prohibited.

Attendance
Attendance is required. Students missing more than three classes should seriously reflect on their
commitment to this course, as missing classes are highly correlated with poor performance on the
examinations. Three absences will be permitted without any grade penalty. After that, there will be a
one point penalty on your class participation grade for each additional absence.

Examinations
Students are required to take two midterm exams and one final exam. The final exam will not be
cumulative (exams are modular). Examinations are closed-notes. If you miss an exam because of the
dire circumstance, please provide the documentation afterwards. In this case, the student must submit
a written and signed statement concerning the reason for missing the exam along with the appropriate
documentation and petition for a makeup. It is your responsibility to make every effort to contact me
in advance of missing a class or a due date. A missed exam will carry a grade of zero if these conditions
are not met. No makeup quizzes/HW assignments will be given. The lowest grades of the homework
assignments and quizzes will be dropped. These adjustments account for the possibility that there may
be unexpected circumstances that prevent some students from completing one of each.

Grading
Earned points will be based on the following:
Midterm exams (each) 25
Final exam 30
Homework 10
Quizzes 5
Class attendance and participation 5
TOTAL 100
The following grading scale will be used in determining your final grade:

93% and above A

90% to 92.9999% A-
87% to 89.9999% B+
80% to 82.9999% B-
83% to 86.9999% B
77% to 79.9999% C+
73% to 76.9999% C
70% to 72.9999% C-
67% to 69.9999% D+
63% to 66.9999% D
60% to 62.9999% D-
Below 60% F

Grading Disputes
Grade appeals must be made in writing within one week of when an exam/quiz/assignment is
returned to the class as a whole, or a week after the final grades are made available online. Only written
requests, complete with full explanation of why you think there is an error, will be considered.
Resolutions of your questions will be given to you in writing.

Records Retention
Copies of exams and graded assignments will be maintained on file for one semester, after which
materials will be destroyed and only grades maintained.

Academic Dishonesty
Adherence to the University policies concerning academic dishonesty is expected and required. You
must read and be aware of what the University expects of you in terms of academic integrity. For
further information on academic misconduct and its consequences, please consult the Student Code
of Conduct http://www.ccsu.edu/StudentConduct and the Academic Misconduct Policy
http://www.ccsu.edu/academicintegrity/ .

Students with Special Needs

If you have a disability for which you are or may be requesting an accommodation, contact the
Coordinator for Student Disability Services, Room 241 Copernicus, as early as possible in the term.
Student Disability Services will verify your disability and determine reasonable accommodations for
this course.

Class Preparation:
I encourage you to read the assigned chapters before we discuss them in class. After individual study
you should be able to answer the following questions:
What were the most important concepts discussed in class?
How do they relate to other concepts that we have studied?
Some students report that solving practice problems in conjunction with reviewing the most important
concepts greatly enhance the learning process. You may consider forming a study group with some of
your classmates. The group will provide you with the opportunity to discuss and analyze different
perspectives and ideas regarding the course material.

Class Schedule
Dates are tentative and subject to change. Verbal notification during any regularly class meeting will
be considered sufficient notification to effect such a change. For emergency closing information check
the Cancellation/Delay Information page at the CCSU website and/or call 860-832-3333.

Week Class Topic Homework

 Assignments

Introduction/Chapter 1: Intro to Financial

1 18-Jan
Management
Ch. 1& Ch. 2: Financial Markets and
2 23-Jan
Institutions
25-Jan Ch 2: Financial Markets and Institutions
3 30-Jan Ch. 3: Financial Statements
1-Feb Ch. 3: Financial Statements Assignment 1/Quiz 1
4 6-Feb Ch. 4: Analysis of Financial Statements
8-Feb Ch. 4: Analysis of Financial Statements Assignment 2/Quiz 2
5 13-Feb Ch. 5: Time Value of Money
15-Feb Ch. 5: Time Value of Money Assignment 3/Quiz 3
6 20-Feb President's Day
22-Feb Ch5: Time Value of Money/Review Assignment 4/Quiz 4
7 27-Feb Test 1
1-Mar Ch. 6: Interest rates
8 6-Mar Ch. 6: Interest rates
8-Mar Ch. 6 & Ch. 7: Bonds Assignment 5/Quiz 5
9 13-Mar Spring break
15-Mar Spring break
10 20-Mar Ch 7: Bonds
22-Mar Ch 7: Bonds Assignment 6/Quiz 6
11 27-Mar Ch 8: Risk and rates of return
29-Mar Ch 8: Risk and rates of return Assignment 7/Quiz 7
12 3-Apr Ch 8: Risk and rates of return/Review
5-Apr Test 2
13 10-Apr Ch. 9: Stock valuation
12-Apr Ch. 9: Stock valuation Assignment 8/Quiz 8
14 17-Apr Ch 9 & Ch 10: Cost of capital
19-Apr Ch 10: Cost of capital Assignment 9/Quiz 9
15 24-Apr Ch 10: Cost of capital
26-Apr Ch. 11: Capital budgeting Assignment 10/Quiz 10
16 1-May Ch. 11: Capital budgeting
3-May Ch. 11: Capital budgeting/Review Assignment 11/Quiz 11
HW * Due Fridays at 11:00 PM (Drop the lowest grade)
Quizzes** Due Sundays at 11:00 PM (Drop the lowest grade)