[BUSI 2401]: [Finance I]
Course outline for Fall 2014
1. Course Details & Important Dates*
Term
Section
Course Type
Day
Time
Location
CRN
F
001
Lecture
Wed/Fri
W: 12:40 p.m. – 2:00 p.m.
F: 11:10 p.m. - 12:30 p.m.
UB2080
40033
Anthony Mayadunne
F
002
Lecture
Wed/Fri
W: 9:40 am – 11:00 a.m.
F: 8:10 a.m. – 9:30 a.m.
UB2080
40034
Anthony Mayadunne
F
003
Tutorial
Monday
2:10 p.m. – 3:30 p.m.
UB2050
40035
Matthew Putric
F
004
Tutorial
Monday
2:10 p.m. – 3:30 p.m.
ERC1096
40036
Jason Rodrigues
F
005
Tutorial
Tuesday
2:10 p.m. – 3:30 p.m.
UA3220
40037
Jeremy Rodgers
F
006
Tutorial
Monday
3:40 p.m. – 5:00 p.m.
UA3220
40038 …show more content…
Matthew Putric
F
010
Tutorial
Wednesday
3:40 p.m. – 5:00 p.m.
ERC1096
43849
Jeremy Rodgers
F
011
Tutorial
Wednesday
5:10 p.m. – 6:30 p.m.
ERC1092
43850
Jaron Graveley
Classes Start
Classes End
Last day to drop course without academic consequence
Final Exam Period
September 5, 2014
December 3, 2014
October 1, 2014
December 5 to 17, 2014 * for other important dates go to: www.uoit.ca >Current Students >Important Dates and Deadlines Please note that tutorials will start in the Week of Sept 15 – 19.
2. Instructor Contact Information
Instructor Name
Office
Phone
Tony Mayadunne
UB3064
Please use Blackboard
Office Hours: Mon (9:30-11:00), Wed (11:00-12:30), Fri (9:30-11:00)
Laboratory/Teaching Assistant Name
Office
Phone
TBA
Office Hours:
3. Course Description
This is an introductory course in Finance. The course provides students with a framework to analyze individual and corporate investment and financing decisions. We will introduce the notions of both time and risk to the valuation of individual securities, such as stocks and bonds, and to capital investments undertaken by corporations. Through this framework, we will gain an understanding of financial markets and the process by which companies make their investment decisions.
4. Learning Outcomes
On the successful completion of the course, students will be able to:
Understand the concept of Time Value of Money.
Valuate bonds and stocks.
Understand risk and return relationships.
Estimate firm’s cost of capital.
Valuate and evaluate the profitability of different investment projects using different evaluation methods (i.e. capital budgeting).
Use the above concepts for individual investment and financial decision.
5. Course Design
Blackboard will be used to provide a course website. On the website you will find:
Lecture slides
Answers to suggested problems
Announcements
Articles from the financial press
You are expected to check the course website frequently.
6. Outline of Topics in the Course
Tentative Class Schedule
Lecture #
Date
Topics
Reading
Week 0
Sept 5
Course Overview & Financial Statements Workshop
N/A
Week1
Sep. 10 & 12
Introduction to Finance
Chapter 1/5
Week2
Sep. 17 & 19
The Time Value of Money
Chapter 5/6
Week 3
Sep. 24 & 26
Discounted Cash Flow Valuation
Assignment 1 due (Approximately. Covers Ch 1 & 5)
Chapter 6
Week 4
Oct. 1 & 3
Bonds and Bond Valuations
Chapter 7
Week 5
Oct. 8 & 10
Bond Features, Ratings, and Interest Rates
Chapter 7/8
Week 6
Oct. 15 & 17
Stock Valuation
Assignment 2 due (Approximately. Covers Ch 7 & 8)
Chapter 8
Week 7
Oct. 22 & 24
Cost of Capital
Chapter 14
Week 8
Oct. 29, 31
Raising Capital
Midterm (Oct 31) (Covers Ch 1, 5, 6, 7, 8, 14 & 15)
Chapter 15
Week 9
Nov. 5 & 7
Alternative Capital Budgeting Techniques
Chapter 9
Week 10
Nov. 12 & 14
Capital Investment Decisions
Assignment 3 due (Approximately. Covers Ch 9 & 10)
Chapter 10
Week 11
Nov. 19 & 21
Project Analysis
Chapter 11
Week 12
Nov. 26 & 28
Mergers & Acquisitions
Assignment 4 due (Approximately. Covers Ch 11 & 23)
Chapter 23
Week 13
Dec. 3
Review and “Catch-up”
Note:
Recommended problems from each chapter will be posted on the website (Blackboard) before the lecture.
Class schedule may be revised depending on the pace of the course. Please check Blackboard for any changes and announcements.
Practice problems for each chapter will be assigned before the class. Please visit the course website (Blackboard) regularly for relevant information.
7. Required Texts/Readings
Required Text book:
Ross, Westerfield, Jordan and Roberts, Fundamentals of Corporate Finance, 8th Canadian Edition, McGraw-Hill Ryerson, 2013
8. Evaluation Method
Grading Scheme:
%
Assignments (four)
20
Mid-Term
30
Final Exam
50
Total
100
Each course component will be given a percentage grade which will be weighted according to the grading scheme presented above in order to obtain a final course percentage. The final percentage marks will be converted to a letter grade according to the University General Academic Regulations (section 5.8 of Academic Calendar 2010-11).
Important Notes:
1. My primary objective for students is to make significant improvement in their learning experience over the term (rather than simply amassing grades in assignments and tests), so I strongly recommend that the students attend class & tutorials regularly which will be reflected in significant improvement through the term.
2. Students with special needs which require special accommodations must notify the professor within the first two weeks to allow sufficient time to make arrangement for the semester.
3. All assignments and exams must be done on the regularly date. Exceptions must be approved by the Student Advisor (Jessica Clarke) and Professor Mayadunne in accordance with UOIT policy.
4. If you miss any component (assignments, mid-term) due to any valid reason (see point 3 above), the weight will be transferred to the Final exam. I strongly advise you to complete the assignments and mid-term so that your final exam will not be too heavily weighted, basing your overall course evaluation upon a single day’s performance (the diversification principle).
9. Assignments and Tests
Students are required to submit four assignments by using “Lyryx”. Please see the “Tentative Class Schedule” section below to find the submission dates. Please do these assignments carefully. Many of the test questions will be based on these assignment questions.
About Lyryx: It is an Online Learning and Assessment system. Please visit http://lyryx.com for more information. If you have purchased the textbook from the university bookstore, you will have a Lyryx account code. If you procure your textbook from any other source, you may need to purchase the Lyryx account separately. Once you can access the Lyryx account, please sign-up for your section (there is only one section for this course). Please buy ONLY the Lyryx account and not the McGraw-Hill or other alternative software that may be available. Confirm at the time of purchase that it is specifically LYRYX (this has been a problem in the past, and getting refunds is a difficult at the bookstore, so make sure you buy the correct access code for lyryx).
Relevant information for your section:
Educational Institution: UOIT
Campus: Oshawa
Course Session: Fall 2014
Course Code: BUSI 2401
Course Name: Finance I
Course Expiry: 2014-12-31
Textbook: Fundamentals of Corporate Finance, 8th Canadian Edition JS(Ross, Westerfield, Jordan, Roberts)
Course Section: 001, A. Mayadunne
*Student Registration Instructions: http://login.lyryx.com/unprotected-servlets/FDOC.pdf?c=LAFA1_6616
Course Section: 002, A. Mayadunne
*Student Registration Instructions: http://login.lyryx.com/unprotected-servlets/FDOC.pdf?c=LAFA1_6617
PLEASE REGISTER YOURSELF TO THE CORRECT SECTION TO ENSURE YOU ARE RECORDING YOUR ASSSIGNMENT MARKS FOR EACH OF THE ASSIGNMENTS. I CANNOT CORRECT SECTIONS AS IT IS RUN THROUGH LYRYX.
We will discuss more about the system in the class. A brief outline on Lyryx registration process will be made available through course website.
Midterm and Final Examination:
Midterm/ Final examinations will be designed to test your knowledge of the course materials.
While majority of the questions will be similar to what we have discussed in the class, be ready for some challenging questions. These challenging questions will be based on the topic discussed in the course, but may be quite different from the assigned problems for each chapter.
Midterm and final examination paper will consist of multiple-choice questions (covering both theory and problems). You must bring your calculator. You may use an English-language dictionary during the examination.
No Flexibility with Final Examination Date
The date and time of the final exam for this course is set by the University office. All students are required to write the exam at that time. Only in exceptional circumstances will other arrangements be made. Examinations will not be rescheduled to accommodate airline or other travel arrangements.
Photo-ID
You must bring ID for writing a quiz, mid-term examination, and final examination. Instructor or the invigilator may verify your photo ID.
* Final course grades may be adjusted to conform to program or Faculty grade distribution profiles. Further information on grading can be found in Section 5 of the UOIT Academic …show more content…
Calendar.
Missed Term Test & Coursework
Students who miss a midterm or term test for medical or compassionate grounds may submit a request for deferral along with supporting documentation to the Faculty Advising offices within five (5) working days. Medical deferrals will be comprised of a completed UOIT Medical Statement form completed by the student and physician within 24 hours of the missed course work. These forms can be found on the UOIT website or the FBIT Announcement Board on Blackboard. If a midterm or quiz is missed for approved reasons, the weight of the missed component will be added to the final examination. If you miss the midterm or term test and do not follow the procedure above, you will receive a score of zero on the missed component.
If missed coursework totals more than 20% of the final grade, this must be documented through the FBIT Academic Advising office. The weight of the missed course component will be reweighted to the final examination. If you miss coursework and do not notify the instructor within the five (5) working day deadline, you will receive a score of zero on the missed component.
10. Accessibility
Students with disabilities may request to be considered for formal academic accommodation in accordance with the Ontario Human Rights Code. Students seeking accommodation must make their requests through Student Accessibility Services. Requests must be made in a timely manner, and students must provide relevant and recent documentation to verify the effect of their disability and to allow the university to determine appropriate accommodations.
Accommodation decisions will be made in accordance with the Ontario Human Rights Code. Accommodations will be consistent with and supportive of the essential requirements of courses and programs, and provided in a way that respects the dignity of students with disabilities and encourages integration and equality of opportunity. Reasonable academic accommodation may require instructors to exercise creativity and flexibility in responding to the needs of students with disabilities while maintaining academic integrity.
11.
Academic Integrity
Students and faculty at UOIT share an important responsibility to maintain the integrity of the teaching and learning relationship. This relationship is characterized by honesty, fairness and mutual respect for the aim and principles of the pursuit of education. Academic misconduct impedes the activities of the university community and is punishable by appropriate disciplinary action.
Students are expected to be familiar with and abide by UOIT’s regulations on Academic Conduct (Section 5.15 of the Academic Calendar) which sets out the kinds of actions that constitute academic misconduct, including plagiarism, copying or allowing one’s own work to copied, use of unauthorized aids in examinations and tests, submitting work prepared in collaboration with another student when such collaboration has not been authorized, among other academic offences. The regulations also describe the procedures for dealing with allegations, and the sanctions for any finding of academic misconduct, which can range from a resubmission of work to a failing grade to permanent expulsion from the university. A lack of familiarity with UOIT’s regulations on academic conduct does not constitute a defense against its
application.
Further information about academic misconduct can be found in the Academic Integrity link on your laptop. Extra support services are available to all UOIT students in academic development, study skills, counseling, and peer mentorship. More information on student support services can be found in the Academic Calendar (Section 8).
12. Turnitin (if applicable)
UOIT and faculty members reserve the right to use electronic means to detect and help prevent plagiarism. Students agree that by taking this course all assignments are subject to submission for textual similarity review by Turnitin.com. Assignments submitted to Turnitin.com will be included as source documents in Turnitin.com's restricted access database solely for the purpose of detecting plagiarism in such documents for five academic years. The instructor may require students to submit their assignments electronically to Turnitin.com or the instructor may submit questionable text on behalf of a student. The terms that apply to UOIT's use of the Turnitin.com service are described on the Turnitin.com website.
Students who do not wish to have their work submitted to Turnitin.com must provide with their assignment at the time of submission to the instructor a signed Turnitin.com Assignment Cover sheet: http://www.uoit.ca/assets/Academic~Integrity~Site/Forms/Assignment%20Cover%20sheet.pdf
Further information about Turnitin can be found on the Academic Integrity link on your laptop.
13. Final Examinations (if applicable)
Final examinations are held during the final examination period at the end of the semester and may take place in a different room and on a different day from the regularly scheduled class. Check the published Examination Schedule for a complete list of days and times.
Students are advised to obtain their Student ID Card well in advance of the examination period as they will not be able to write their examinations without it. Student ID cards can be obtained at the Campus ID Services, in G1004 in the Campus Recreation and Wellness Centre.
Students who are unable to write a final examination when scheduled due to religious publications may make arrangements to write a deferred examination. These students are required to submit a Request for Accommodation for Religious Obligations to the Faculty concerned as soon as possible and no later than three week prior to the first day of the final examination period.
Further information on final examinations can be found in Section 5.24 of the Academic Calendar.
14. Freedom of Information and Protection of Privacy Act
The following is an important notice regarding the process for submitting course assignments, quizzes and other evaluative material in your courses in the Faculty of Business and Information Technology
As you may know, UOIT is governed by the Freedom of Information and Protection of Privacy Act (“FIPPA”). In addition to providing a mechanism for requesting records held by the university, this legislation also requires that UOIT not disclose the personal information of its students without their consent.
FIPPA’s definition of “personal information” includes, among other things, documents that contain both your name and your Banner ID. For example, this could include graded test papers or assignments. To ensure that your rights to privacy are protected, the Faculty of Business and Information Technology encourages you to use only your Banner ID on assignments or test papers being submitted for grading. This policy is intended to prevent the inadvertent disclosure of your information where graded papers are returned to groups of students at the same time. If you still wish to write both your name and your Banner ID on your tests and assignments, please be advised that UOIT will interpret this as an implied consent to the disclosure of your personal information in the normal course of returning graded materials to students.
If you have any questions or concerns relating to the new policy or the issue of implied consent addressed above, please contact the UOIT Chief Privacy Officer at accessandprivacy@uoit.ca
15. Course Evaluations
Student evaluation of teaching is a highly valued and helpful mechanism for monitoring the quality of UOIT’s programs and instructional effectiveness. To that end, course evaluations are administered by an external company in an online, anonymous process during the last few weeks of classes. Students are encouraged to participate actively in this process and will be notified of the dates. Notifications about course evaluations will be sent via e-mail, and posted on Blackboard, Weekly News and signage around the campus.
Appendix: Other Policies and Expectations for the Learning Environment
1 Effective Learning in the Classroom
The following are suggestions on how to carry out effective learning in your daily studying:
•Pre-Class Preparation:
Before you go to your classroom, you should allow enough time for commuting, and eat a healthy meal or snack. Also, you should ask yourself the following questions:
Have you previewed the reading assignments?
Have you noted down key insights and questions from your reading?
* Rule of thumb: for every hour lecture, you need approximately three hours of outside class studying to reinforce the material learnt in class.
• In-Class Attitude:
In order to get the most out of your lectures, you need to:
Arrive to class On Time
Concentrate (be curious and be motivated)
Be Active: in class discussion in group activities in creative and critical thinking
And you should also AVOID the following:
Eating 'strong smelling' or 'noisy' food
Getting involved in side conversions
Sending signs that scheduled class time is up, i.e. closing up your laptop or standing
Answering cellular phones in class
After class
Review lecture notes; highlight key points
Consult instructors or TA for unresolved questions
Seek help when necessary
Finish assignments on time
2 The use of your laptop in the classroom
The use of laptops often enhances the learning experience. However, there are circumstances when it can be obstructive. Instructors have the right and the responsibility to determine appropriate classroom protocols for student use of laptops. Students refusing to comply with such requests may be requested to remove themselves from the classroom. Students refusing to comply may also be considered to be in violation of our University code of conduct and disciplinary action may result. Section 5:15 of the undergraduate calendar provide additional information on these matters.
• Examples of appropriate use of laptops: • Examples of Inappropriate Use of Laptop
Taking lecture notes - Watching movies
Course related computing - Playing computer games
Limited messaging for learning purposes - Social messaging - Download course material from Blackboard
3 Effective team management
The following are suggestions on how to effectively manage your teamwork:
Setting clear objectives
Signing the team contract
Meeting regularly
Conducting effective meetings
Assigning roles to members
Staying in touch: meeting; emails; phones
Managing conflicts effectively
4 Managing Conflict
The following are suggestions on how to resolve conflict that could possibly happen during your studying:
Have a team contract to guide conflict resolution.
The team "leader" might send an e-mail to the absent member, and copy all members, asking why he or she missed the meeting.
Keep an attendance log and use this as part of your peer review process.
Try to avoid making any decisions that are known to be an issue for an absent member until that person can be reached.
5 In the event of the illness
In the event of illness, you are suggested to:
Please stay home so as not to spread it to others
Contact your Academic Advisor by email or phone right away – not your instructor.
The Academic Advisors will organize any assignment, test or lab adjustments if needed.
You can find your academic advisor contact information at: http://www.businessandit.uoit.ca/people/academic-advisors.php Also check the following website http://www.cdc.gov for further health and wellness information.
6. Academic Planning and General Information
Please follow the link below to view our academic resources and calendar. This link will provide you with information pertaining to Grade point average (GPA), Academic Standing Requirements, Internship Programs, Graduation Information, etc. http://uoit.ca/main/current-students/academics-and-programs/programs-and-resources/index.php
Other links of interest include:
http://www.businessandit.uoit.ca/undergraduate/index.php for information pertaining to FBIT Undergraduate Programs http://www.gradstudies.uoit.ca/ for information on Graduate Programs http://uoit.ca/main/current-students/services/index.phpfor information on Campus Services http://www.businessandit.uoit.ca/about/student-clubs/index.php for information pertaining to Student Clubs