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COURSE SYLLABUS Course Code: 15011029(Diploma)/FIN 404(Pathway) Business Finance Semester 3, 2008-2009(for Diploma & Pathway Programs) Your instructor for this course: Subject Coordinator: 王妍玲 Elaine_wong20041. SubjectFIN404 Financial Market and Business Finance. Prerequisite courses for this course are: ACCG104 and FIN 1022. Classes (compulsory, instructed per week over a 10-week semester)One Lecture & one tutorial per week. (Pathway students) . . . . (4 hours) Two Lectures per week (Diploma students) . . . . (4 hours)3. Course ContentThis course is a survey of the basic principles and concepts used in the financial management of a business enterprise addressed from both theoretical and practical standpoints. Upon Successful Completion of this course, the student will be able to:1. Differentiate finance from closely-related disciplines of economics and accounting and describe the primary function of financial managers 2. Interpret and analyze basic financial statements including income statement, balance sheet, statement of changes in shareholders equity and cash flow statement. 3. Calculate the component costs of the firms capital structure, and determine individual cost of capital and weighted average cost of capital. 4. Discuss the various sources of long-term capital and select an optimal mix to meet the firms financial needs 5. Evaluate factors affecting dividend policy and the effect dividend policy has on other corporate finance decisions.4. ObjectivesFinancial Market & Business Finance discusses the scope and environment of financial management, valuation and management of long-term investments, and the financial structure and dividend policy of corporations.5. Compulsory TextbookModern Financial Management, 8/eStephen A. Ross, Massachusetts Institute of TechnologyRandolph W. Westerfield, University of Southern CaliforniaJeffrey Jaffe, University of PennsylvaniaPublished by McGraw Hill Higher Education Copyright year: 2008ISBN: 9780071100885 6. AssessmentYour performance in the course will be evaluated on the following basis:Two in-class quizzes .10%Class participation & Assignments. . 10%Attendance 10%Final examination . 70%The final exam will be held during the formal examination period. The duration of the final exam is 2 hours. .The final exam covers the entire course (all lectures and tutorials).In order to pass the course, students must pass (achieve a mark of more than 50%) in the final exam and a course total of points of minimal 60. 7. AssignmentsYou will be asked to complete assignments each week and bring it with you to your class. The purpose of the assignments is to help you to learn - so dont be afraid to make mistakes in the assignments. Making mistakes can be a good way to learn, as long as you can find out where there is a mistake and why it is wrong and what would make it correct. This is where your tutors will help you. Remember that your teachers are here to help you learn.Your instructor will provide you with the relevant course sensitive materials during the lectures. You can download the lecture notes and assignment questions from the designated website.8. Subject OutlineWeekWeek CommencingFinancial Management Concept/SubjectPre-workHomework due in Tutorial1Chapter 14Long-Term Financing: An Introduction 1. common stock2. preferred stock3. patterns of financing4. recent trends in capital structure As required by your instructorsAssignment 1.The assignment is in the lecture notes for this week.WeekWeek CommencingFinancial Management Concept/SubjectPre-workHomework due in Tutorial2Chapter 15Capital structure: basic concepts 1. financial leverage and firm value2. Modigliani and Miller: Proposition As required by your instructorsAssignment 2.The assignment is in the lecture notes for this week.3Chapter 16Capital structure: limits to the use of debt1. Financial Distress Costs2. Signaling3. the Pecking-Order Theory As required by your instructors Assignment 3.The assignment is in the lecture notes for this week.4Chapter 16Capital structure: limits to the use of debt1. Financial Distress Costs2. Signaling3. the Pecking-Order Theory As required by your instructors Assignment 3.The assignment is in the lecture notes for this week.5Chapter 18Dividends and other payouts 1. standard method of cash dividend payment 2. repurchase of stock3. the clientele effectAs required by your instructorsAssignment 4.The assignment is in the lecture notes for this week. 6Chapter 19Issuing securities to the public 1. the public issue2. the cash offer3. rights4. shelf registrationAs required by your instructorsAssignment 5.The assignment is in the lecture notes for this week.7Chapter 26Short term finance and planning 1. tracing cash and net working capital2. cash budgeting 3. the short-term financial plan As required by your instructorsAssignment 6.The assignment is in the lecture notes for this week.8Chapter 27 Cash management 1. determining the target cash balance2. managing the collection and disbursement of cash3. investing the cashAs required by your instructorsAssignment 7.The assignment is in the lecture notes for this week.9Chapter 28Credit management 1. the decision to grant credit2. optimal credit policy3. credit analysis4. collection policy As required by your instructorsAssignment 8.The assignment is in the lecture notes for this week.10ReviewMake sure you will get the exam schedule as soon as it is released or ask your instructor.Note: “Fail to Prepare is Prepare to Fail”The Online learning centre with the prescribed textPlease make full use of the following website to enhance your understanding of the course content.http:/highered.mcgraw-SILC-INSEARCH, Shanghai, June 2006
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