Changes to syllabus after 8/26/2008 will be in green type
BUS 331 Essentials of Finance
Course Syllabus
--FALL 2008
Stephen Huffman, Ph.D, CFA, FRM

Common Finance Course Assessment Objectives for BUS 331

Students will be able to:

  • Explain and apply basic concepts of finance,
  • Analyze and interpret financial data,
  • Demonstrate knowledge of financial decision making.

Course Goals and Objectives:

 

 

The goal of this course is to develop a working knowledge of the concepts, tools and applications of corporate financial decision making within the framework of maximizing shareholder wealth.  The course provides a fundamental understanding of the allocation of resources and the raising of funds by a business enterprise.  This is a problem oriented course which provides students the opportunity to learn and apply basic financial tools and concepts.


Required Materials:

 

(1)     Text: Brigham, Eugene and Joel Houston. Concise 5th Edition, Fundamentals of Financial Management Concise (Mason, Ohio:  Thomson/South-Western, 2007). ISBN: 0324319835   .  The text also has web site:  http://www.swlearning.com/finance/brigham/chooseyourbook_main.html and select our text.  In the Chapter Resources section there are chapter summaries and online quizzes which contain 10 practice questions per chapter. 

(2)     Handout Materials and Materials found on web site: supplemental articles and readings will be distributed in class, via e-mail or from the D2L web site during the semester.  Students are required to check their e-mail prior to coming to class.

(3)      Financial Calculator:  I recommend that you obtain a Texas Instruments BA II Plus Professional. I will only be using and demonstrating how to use the Texas Instruments BA II Plus Professional in class and during office hours.  Students are responsible for knowing how to use their financial calculator.


COURSE EXPECTATIONS

 

Students are expected to have a fundamental background in business and economic concepts. A basic understanding in accounting, mathematics, and statistics is also expected. Course work will include activities which will require the use of a financial calculator and some may require the use of spreadsheets.  Students who are not deficient in the areas mentioned above can expect to spend at least 4 hours per week preparing for the course.  Students who are deficient in one or more area mentioned above will need more time to prepare for class.

Business finance is not a remedial course.  I do not issue extra credit to individuals.  I do not curve grades on individual quizzes or exams.  I will be fair and consistent when administering the policies found in this syllabus.  Students are expected to have read the syllabus and to adhere to the policies found in it.  As part of each student's course grade, the I will also subjectively evaluate each student's contribution to the class and evaluate their understanding of the course material based on communication between student and instructor.  Please see contribution section of syllabus.


Grading Criteria and Tentative Chapters Covered and Dates:

Other Important dates: Link to Course Outline
Optional review class on Monday, Sept. 22nd (exam in
Testing Center on Sept.22nd or Sept 23rd)
No class on Monday, Oct. 13th (exam in testing center--see above)
No class on Wednesday, Nov. 19th  (exam in testing center--see above)


TESTING SERVICES SPRING 2006 SEMESTER HOURS OF OPERATION
http://www.uwosh.edu/testing/ Check with the Testing Center--sometimes they change the hours.

 

Allocation of Letter Grades

A

scores of 93 % or higher

 

C

scores from 73% to 78%

AB

scores from 89% to 92%

 

CD

scores from 69% to 72%

B

scores from 83% to 88%

 

D

scores from 65% to 68%

BC

scores from 79% to 82%

 

F

scores less than 65%

 

Note the small “D” range.  This is a required course in the B.B.A. program.  Each student should perform at a basic minimal level and that basic level is represented by a grade of “C.”


Grading Policies
 If you do not agree with a grade that you receive, you have three weeks from the posting of the grade to contest it. For the final course grade, you have three weeks from the end of the semester to contest the grade. After three weeks, I will not be willing to spend time with you discussing your grade (unless you have a documented reason for not having a conference within the allotted period). I will post your grades on web page or e-mail your course grades.  Students are responsible for verifying that the grades are correctly recorded.


1. Examinations:  four exams are given during this course.

  • A failing grade will be earned for a missed exam. NO MAKE-UP EXAMINATIONS ARE GIVEN.
  • Requests to take the exam early because of a legitimate conflict should be made at least five week days prior to the scheduled exam date; however, you are NOT allowed to use a note card when you take an exam outside of the regularly scheduled time no matter what the reason.
  • The exams will consist primarily of objective questions similar to those in the pretest (if one was given).
  • During the exams you will be able to use an authorized calculator, a foreign language dictionary (if needed) and  one  3"x5" index card.
  • There are no restrictions on what you can  put on the 3"x5"card (front and back is permitted).  The only rule is that the notes must be hand written. Computer generated or photocopied notes will be considered cheating and will earn a zero on the exam.  Each card must also include your name and section and must be turned in along with all other exam materials.
  • Students are NOT allowed to use cell phones or PDAs during the exams or quizzes.   I reserve the right to inspect calculators for stored programs and text.
  • I will deduct 5% (on a 100 point scale) from your exam for each missing name, student id or exam form letter on the scan sheet.  I will also deduct 5% for each missing name on an exam or index card.  These point deductions are not debatable.
  • Exams in the testing center are limited to 90 minutes.  I will deduct one percentage point for every minute over 90 that you take to complete the exam.

2. Quizzes:  students can expect three types of quizzes during the semester including:

(1) In-class quizzes, (2) Take-home quizzes/assignments and (3) Four question attendance quizzes

  • Quizzes are designed to prepare students for the exams and to keep students up-to-date with material being covered in class.
  • There will be NO make-up quizzes for students not in class (no matter what the reason for the missed quiz); however, one of the quiz/assignment scores will be dropped.
  • There may also be some bonus quizzes (the impact of each of these will be explained in class).
  • Always bring your textbook, calculator, class notes, and a LEAD PENCIL to class.
  • Quizzes may or may not be announced in prior classes and will be closed-books and notes unless stated otherwise.
  • Some quizzes will be taken using the D2L web site for the course.

 

(1)  In-class quizzes:  These may be a problem from the text or a set of multiple choice questions that include both conceptual questions and quantitative questions.  Come prepared (always have textbook, calculator and pencil). Quizzes may or may not be announced in classes prior to the quizzes.  The likelihood of a quiz increases if any of the following occurs during class:  cell phone rings, students arrive late or leaves during the class, unexplained discussion among students, or the reading something other than 331 course materials.  

(2) Take-home quizzes/assignments:  Students may be required to turn in an assigned homework problem or hand out  to count as a quiz grade.  For take-home quizzes and assignments you are allowed to work in groups; however, each person must turn in their own quiz.  Sometimes I will ask additional questions prior to turning in the take-home quiz.  These additional questions are answered individually.

 (3)  Four Question Attendance Quizzes:  Most class lecture periods will begin (or sometimes end) with a short attendance quiz.  These quizzes will usually consist of four short answer (usually one word) questions worth 10 points each.  Each student will receive 60 points for being in class at the time of the quiz plus the 40 points from the 4 questions.  Students receive zero points if they leave before the quiz or arrive in class after the quiz has been collected. 


4. End of Chapter questions/problems/homework/assignments:   The purpose of these exercises is to familiarize students course material and practice doing problems prior to the exam.  Most of the exercises are not collected or graded.  The suggested end of the chapter exercises review material covered in the chapter.   The suggested questions and problems can be found by clicking on the words:  End of chapter questions and problems to review.  The answers to most of the suggested questions and problems are available in the content section of D2L.


5. Contribution to the course and Instructor's Professional Evaluation:  More than just attending class is required for this portion of your grade.  Students are required to be prepared and alert during all class meetings.  A lack of effort on the pretest or any other course requirement will be reflected in the contribution grade. During the semester students may be required to turn-in a self evaluation and/or a peer evaluation.  The contribution grade is the professor's subjective evaluation of how well a student knows course material and how the student used that knowledge to improve the learning environment of all students.  That is, did student's participation in the course contribute to the overall learning of all students.

Students can make a contribution to the course in a number of different ways including:

  • asking relevant questions about a course topic (e.g., how  topic relates to a current event),
  •  volunteering to answer questions from the professor addressed to the class,
  • correctly answering a question from the professor addressed to the student,
  • answering questions from other students addressed to the professor,
  • asking a relevant question about a course topic by e-mail or during professor's office hours,
  • providing professor with current article on a course topic, and
  • participation in small group discussions

6. Review of quizzes and exams: Some of the testing instruments will not be reviewed in class or returned. However, your exam or quizzes will be available for review in my office. I assume that I have your permission to post your grades by a code of your choosing.


7. Contact with me: As we proceed through the course, you may have difficulty and/or questions with some of the assigned course material. If you do not understand the material after it has been covered in class I encourage you to contact me during my office hours (or by appointment). E-mail will assure that I receive the message. Just send your message to my university account; i.e., huffman@uwosh.edu (please include 331 in the subject line).


8. Academic Integrity

The University of Wisconsin Oshkosh is committed to a standard of academic integrity for all students. The system guidelines state: "Students are responsible for the honest completion and representation of their work, for the appropriate citation of sources, and for respect of others’ academic endeavors." (s. UWS 14.01, Wisconsin Administrative Code). Students are subject to disciplinary action for academic misconduct, which is defined in s. UWS 14.03, Wisconsin Administrative Code.      Examples of acts of misconduct and penalties are provided at the link:   Examples of Acts of Misconduct and Penalties



9. Announcements

INTERNATIONAL TRAVEL OPPORTUNITIES
I also encourage you to consider enrolling in the International Business Study Tour (28-494) or other international program.  Additional information can be found at the UW Oshkosh Office of International Education.  Please visit their new web site at http://www.uwosh.edu/oie/oie.html  or call Jenna Graff at 424-0185.


FINANCE CLUB.  Students who are Juniors should be active in clubs related to their future careers. Clubs provide opportunities to meet and interact with business professionals. You have all heard of networking.


Careers and Professional designations--I have prepared a listing of careers and professional designations that can be found on the Finance Major’s web site or linking to UW Oshkosh College of Business | finance


 

STUDENT-ENDOWMENT FUND MANAGER COURSE:  BUS 438

This is a 3 credit Finance Seminar where students manage a portfolio with a current value of over $200,000.The course is offered each fall, spring and summer semester.  Students must apply and be accepted into the program by the finance faculty.   More information and applications are available at the web site: Student-Managed Endowment Fund Manager Course or http://www.business.uwosh.edu/currentstudents/undergraduate/majors/finance_438.php

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