...|[pic] |Course Syllabus | | |Albert Schweigert | | |FIN/200 | | |Introduction to Finance: Harvesting the Money Tree | Copyright © 2009, 2008, 2007 by University of Phoenix. All rights reserved. Course Description This course gives students an overview of finance concepts, terminology, and principles. It is an introduction to the role of finance in the business world. Topics covered include the relationship between finance and accounting, basic financial analysis and planning techniques, financial ratios, profit, cash flow, and sources of business financing. Policies Students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
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...Finance is the art and science of managing money. The fields of finance are: (1) Financial services and (2) Managerial finance. The primary concern of MGT 115 is the Managerial finance which covers financial affairs of business organizations. The financial manager is usually called the treasurer (small companies) or Chief Finance Officer (big companies). Controller: prepares financial statement Treasurer: analyzes and makes decisions using financial statements Assumptions: 1. As financial manager 2. Working in a publicly held corporation 3. Efficient market 1. As financial manager • We should think and solve problems like financial managers. • First, we need to understand their goal: maximize shareholder’s wealth • What represents shareholder’s wealth? Stock Prize (prize of the shares of the firm) Difference between profit maximization and shareholder’s wealth maximization Shareholder’s wealth maximization: considers timing, cash, and risk. Cash Profit is not equivalent to cash. If the net income of the firm increases, it does not mean that the money of the owner increases as well. However, if the stock price increases, shareholder’s wealth also increases. If you own 100 shares and each share costs P1,000, it is equivalent to P100,000 worth of shares. If the stock price increases from P1,000 to P1,100, the wealth increases to P110,000 worth of shares. Risk Profit maximization fails to account for risk. SWM considers risk as one of the factors in...
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...1. Introduction International macroeconomics (or international finance) as a subject covers many topical issues. What has happened (what will happen) to the dollar? Is the current account deficit too large? Should China devalue its yuan?1 Should it first liberalize financial flows? Should Sweden give up its currency to join the euro? Should emerging market economies liberalize their financial markets? Is this good for world economic growth, or a source of instability? How, if at all, should we reform the IMF? What about globalization? These are interesting questions. To answer them we need to learn some international finance. What is this field about? As with international trade, international macro is the result of the fact that economic activity is affected by the existence of nations. If there were no national economies then we would not have this field. If there was no international trade we would not need international macro either. But countries do trade with each other, and because countries (not all, but many) use their own currencies we have to wonder about how these goods are paid for and what determines the prices that currencies trade at. More subtly, however, we have to also consider the fact that countries borrow and lend from each other: in other words, they trade inter-temporally — consumption today for consumption in the future. Because of international borrowing and lending economic opportunities are expanded and households have better op- tions to smooth their...
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...NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE CODE: MPA 728 COURSE TITLE: PUBLIC FINANCIAL MANAGEMENT MPA 728 COURSE GUIDE ii MPA 728 PUBLIC FINANCIAL MANAGEMENT Course Team Mr. E. U. Abianga ( Developer/ Writer) - NOUN Dr. Bonaventure Nkup Haruna ( Editor ) - UNIJOS Dr. Dimis I. Mai - Lafia (Programme Leader) - NOUN Mr. E. U. Abianga (Coordinator) - NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE GUIDE MPA728 PUBLIC FINANCIAL MANAGEMENT 97 Source: Koleade Oshisami (1992) quoted in Ola and Offiong (2008). Government Accounting and Financial Control Ibadan, Nigeria: Spectrum Books Limited, p. 55. Rolling Plan in Nigeria’s Planning and Budgeting System Owing to poor achievement of past eco nomic plans and poor budgetary implementation in Nigeria, the military administration in 1990, introduced the idea of a rolling plan based on three year perspective in order to address the planning and budgetary predicaments experienced in the past. The a im of this planning was to make provision for a long term vision of the economy taking into consideration the goals of socio - economic development for the distant future of 5, 10, 15, 20, 25 or 30 years. This aimed at setting long term targets and objectiv es of economic development. The strategic plan is also aimed at addressing three basic issues of capital growth, technological progress and population growth. This will serve as a background when preparing a medium or short term ...
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...Chapter 1 Introduction to Corporate Finance Week 1 by Hee Soo Lee Learning Goals The basic types of financial management decisions and the role of the financial manager The financial implications of the different forms of business organization The goal of financial management The conflicts of interest that can arise between owners and managers The various types of financial markets 2 Chapter Structure 1.1 The Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market 3 What is Corporate Finance? Three important questions that are answered when you start your own business: - What long-term investments should you take on? (business type, building, machinery, and equipment?) - Where will you get the long-term financing to pay for the investment? (bring other owners or borrowing?) - How will you manage the everyday financial activities of the firm? (collecting from customers and paying suppliers) Corporate finance is the study of ways to answer these three questions Finance can be defined as the art and science of managing money Finance is concerned with the process, institutions, markets, and instruments involved in the transfer of money among individuals, businesses, and governments 4 Legal Forms of Business Organization Three major forms Sole Proprietorship : business owned by a single individual Partnership: business formed by two or more individuals...
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...the debt plus the value of the equity. E. the value of the debt minus the value of the equity. Difficulty: Easy Learning Objective: 01-01 Ross - Chapter 01 #2 3. Inventory is a component of: A. current assets. B. current liabilities. C. equity. D. fixed assets. Difficulty: Easy Learning Objective: 01-01 Ross - Chapter 01 #3 4. Using the balance sheet model of the firm, finance may be thought of as analysis of three primary subject areas. Which of the following groups correctly lists these three areas? A. Capital budgeting, capital structure, net working capital. B. Capital budgeting, capital structure, security marketing. C. Capital budgeting, net working capital, tax analysis. D. Capital budgeting, tax analysis, security marketing. E. Net working capital, tax analysis, security marketing. Difficulty: Easy Learning Objective: 01-01 Ross - Chapter 01 #4 5. Which of the following is not considered one of the basic questions of corporate finance? A....
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...Solutions Manual Fundamentals of Corporate Finance (Asia Global Edition) Ross, Westerfield, Jordan, Lim and Tan Updated April 2012 CHAPTER 1 INTRODUCTION TO CORPORATE FINANCE Answers to Concepts Review and Critical Thinking Questions 1. Capital budgeting (deciding whether to expand a manufacturing plant), capital structure (deciding whether to issue new equity and use the proceeds to retire outstanding debt), and working capital management (modifying the firm’s credit collection policy with its customers). Disadvantages: unlimited liability, limited life, difficulty in transferring ownership, hard to raise capital funds. Some advantages: simpler, less regulation, the owners are also the managers, sometimes personal tax rates are better than corporate tax rates. The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Some advantages include: limited liability, ease of transferability, ability to raise capital, and unlimited life. The treasurer’s office and the controller’s office are the two primary organizational groups that report directly to the chief financial officer. The controller’s office handles cost and financial accounting, tax management, and management information systems, while the treasurer’s office is responsible for cash and credit management, capital budgeting, and financial planning. Therefore, the study of corporate finance is concentrated within the treasury group’s functions. To maximize...
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...PART I Overview and Background Chapter 1 An Introduction to Multinational Finance True / False 1. 2. MNCs have investment or financial operations in more than one country. ANS: True. Because of globalization in the world's markets, a multinational financial manager is more likely than a domestic financial manager to specialize in finance to the exclusion of other fields of business. ANS: False. The multinational financial manager must be well versed in each of the business disciplines in which the MNC is involved. The domestic financial manager must be knowledgeable in several areas within finance, whereas the multinational financial manager usually specializes in a single area, such as corporate finance, investments, or financial markets. ANS: False. The multinational financial manager is likely to require knowledge of several fields within finance. The investment opportunity set is the set of investments available to the corporation; that is, the set from which the company must select. ANS: True. Types of market efficiency used to describe the performance of financial markets are allocational, operational, and transactional efficiency. ANS: False. Three types of market efficiency are allocational, operational , and informational. An informationally efficient market is one with abundant information. ANS: False. It is a market in which prices fully reflect available information. Allocational efficiency refers to how efficiently a market channels capital toward its most productive...
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...Programmes available for non-FBE students Programme School of Business Business School of Economics and Finance Economics Finance Major X √ √ Minor √ √ √ II. GPA Requirement A yearly GPA of 3.0 of above as of August 31 (excluding Summer Semester) at the end of the first year of study must be obtained for eligibility to declare any major or minor offered by the Faculty of Business and Economics. For students who fail to meet the GPA requirement at the end of their second year of study, their declaration of FBE major/minor will be removed from the SIS by their home Faculty. III. Requirements for Major Programmes Students are required to complete 60 credits of prescribed courses for each major as follows: (A) Majors offered by the School of Economics and Finance 1. Major in Economics (60 credits) Course code Course Credits Year 1 courses: 12 credits ECON1001 Introduction to economics I 6 ECON1002 Introduction to economics II 6 Year 2 and Year 3 courses: 48 credits ECON2101 Microeconomic theory or 6 ECON2113 Microeconomic analysis 6 ECON2102 Macroeconomic theory or Macroeconomic analysis ECON2114 ECONxxxx/ Year two/Year three courses listed in Economics 36 FINAxxxx or Finance electives Total: 60 2. Major in Finance (60 credits) Course code Course Year 1 courses: 18 credits BUSI1002 Introduction to accounting ECON1001 Introduction to economics I FINA1003 Corporate finance Year 2 and Year 3 courses: 42 credits ECON2101 Microeconomic theory or ECON2113 Microeconomic analysis...
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...Accredited Tertiary Courses Listing 2012 Accredited Tertiary Courses Listing 2012 – as at 26 September 2012 1 2012 Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT...
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...Summer 2012 Undergraduate Program Office C140 PBB (319) 335-1037 http://tippie.uiowa.edu/undergraduate/ Finance 2011-12 This form is a planning tool only. To confirm specific graduation requirements, consult your degree audit on ISIS. I. General Education* (22-32 sh) Rhetoric Interpretation of Literature (req: completion of rhetoric) World Languages** Historical Perspectives International and Global Issues Values, Society, and Diversity Natural Sciences (lab not required) Social Sciences (excluding 6E:1, 6E:2) sh grade 4 3 0-10 3 3 3 3 3 Subtotal (I) ________ IV. Finance Major Requirements (20 sh) Required Major Courses* 6F:110 Financial Information Tech (coreq: 6F:100) (grade: S/F) 6F:111 Investment Management (prereq: 6F:100, coreq: 6F:110) 6F:117 Corporate Finance (prereq: 6F:100, coreq: 6F:110) 6A:120 Financial Acct and Reporting** (prereq: 6A:2) Choose three additional electives from the following: 6F:102 Principles of Risk Mgt & Insurance (coereq: 6F:100) 6F:103 Property and Liability Insurance (prereq: 6F:102); or 6F:104 Corp Fin Risk Mgt (prereq: 6F:102, coreq 6F:110); or 6F:105 Life and Health Insurance (prereq: 6F:102); or 6F:106 Employee Benefit Plans (prereq: 6F:102) 6F:108 Topics in Finance I (SP 09 or later, prereq: 6F:100) 6F:109 Topics in Finance II (prereq: 6F:100) 6F:112 Applied Equity Valuation (prereq: 6F:100) (req: 2.80 UI GPA). See Finance Department for special permission. sh grade 2 3 3 3 3 3 *If you entered UI prior to Summer 2011, check...
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... | | |*The same course can be transferred only as 1 course. | |First Level Modules | | |ACC1006 Accounting Information Systems |International Technology Venturing | |BSP1005 Managerial Economics |TU91.2010 Managerial Economics | |MKT1003 Principles of Marketing |23A00210 Introduction to Marketing (6 ECTS)...
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...Bachelor of Commerce: Finance & Economics Specialist (Effective 2012/13) 1. Program Overview & Required Courses Overview and Summary •This is a four-year honours program which leads to the Bachelor of Commerce •This Specialist requires 10.0 RSM + 10.0 non-RSM, with 13.5 specified FCEs •10 RSM = 4.0 required + 2.0 specified electives + 4.0 unspecified electives •10 non-RSM = 1.0 MAT + 6.5 ECO + 2.5 unspecified FAS electives •RSM100Y Introduction to Management •ECO100Y Introduction to Economics •MAT133Y Calculus and Linear Algebra * First-Year Requirements Upper-Year ECO Requirements (i) Upper-Year ECO Requirements (ii) •ECO204Y/ECO206Y Microeconomic Theory and Applications •ECO208Y/ECO209Y Macroeconomic Theory •ECO220Y/ECO227Y Quantitative Methods in Economics ** •2.5 from any 300+ ECO Upper-Year RSM Requirements (i) •RSM219H Introduction to Financial Accounting •RSM222H Management Accounting I •RSM230H Financial Markets •RSM330H Investments •RSM332H Capital Market Theory •RSM333H Introduction to Corporate Finance •0.5 from: •RSM250H Principles of Marketing •RSM260H Organizational Behaviour •RSM270H Operations Management •RSM392H Strategic Management •1.0 from: •RSM430H Fixed Income Securities •RSM432H Risk Management for Financial Managers •RSM433H Advanced Corporate Finance •RSM434H Financial Trading Strategies •RSM435H Futures and Options Markets •RSM437H International Finance •0.5 from: •RSM295Y/296Y/395Y Special Topics: Summer Abroad •RSM437H International...
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...International Marketing | BSB5001 Introduction to MarketingBSB6200 Advanced Supervisory Management | Monday 28th October | BSB5004 Introduction to ManagementBSB6203 LeadershipBSB7200 International Business | BSB7400 AuditingBSB7401 Taxation | Bachelor of Business Semester 1 2013/2014 End of Semester Exam Timetable | Hall 12 | | Morning10.00 – 12.00pm | Afternoon 1.00 – 3.00pm | Morning10.00 – 12.00 | Afternoon 1.00 – 3.00pm | Sunday 29th December | BSB 7400 Auditing &BSB7401 Taxation | BSB5006 QBM BSB5019 UN Global Compact BSB6003 Business Law | | | Monday 30th December | BSB5023 Essential Management Skills | BSB6403 Cost AccountingBSB7202 Strategic Management | BSB6201 Operations ManagementRoom 36.126 | | Intuition Exams 19.112 | Sunday 5th January | 9.00 – 11.00am | BSB5012 Project Management | | 12.00 – 2.00pm | BSB5012 Project Management | | 2.30 – 4.30pm | BSB5012 Project Management | Monday 6th January | 9.00 – 11.00am | BSB5009 Introduction to Finance | | 12.00 – 2.00pm | BSB5009 Introduction to Finance | | 2.30 – 4.30pm | BSB6303 Islamic Finance IBSB7303 Islamic Finance II | Tuesday 7th January | 9.00 – 11.00am | BSB5007 Introduction to Economics | | 12.00 – 2.00pm | BSB6300 Corporate FinanceBSB6302 Investment & Portfolio ManagementBSB7300 Financial Risk Management | Wednesday 8th January | 9.00 – 11.00am | BSB5005 Introduction to Accounting | | 12.00 – ...
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...Introduction It is not easy to fully describe these words (finance and accounting) as both have very wide meanings and applications in the business world. Most business has an aim to make profit and to remain solvent and the above two concepts play an important role in achieving this objective. This paper aims to answer the above questions and further goes on to say why both should and are considered a vital part of business and their importance in the whole business set up. Literature Review Accounting has been defined as the soul of the business (Collin P, 2004). Accounting is described as the means by which information is communicated in a firm, and is thus known as the language of business. Accounting is described as a vital function in preventing fraud and corporate corruptions in organisations (Glautier, M.W.E. and B. Underdown, Accounting theory and practice). Accounting is important as it provides information to external parties (stakeholders) by providing a true picture on the business financial position. Finance is described as an administrative function aimed at raising funds for the business (B.B Howard. Introduction to Business Finance). Finance is aimed to maximise the value of the firm and attain the main objectives of the firm; I. Shareholders wealth maximisation II. Profit maximisation This is achieved by determining the optimum capital structure and the efficient utilisation of resources by analysing risk and return (B. B Howard. Introduction to Business...
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