...Course outline for BUSN85 STRATEGIC CORPORATE FINANCE, Fall 2014, 7.5 credits Introduction The main objective of the course is to further your understanding of the theory and econometrics of corporate finance beyond what is covered in previous courses in corporate finance (esp BUSN92 Empirical Corporate Finance). It is not necessary to have completed BUSN92 Empirical Corporate Finance (corporate finance students), nor BUSN80 Financial Econometrics and BUSN81 Theory of Corporate Finance (MSc finance students), but you are expected to hold equivalent knowledge of the theory and econometrics of corporate finance. The course emphasizes three perspectives: behavioral corporate finance, corporate governance, and microeconometrics. Behavioral corporate finance integrates psychology into the study of corporate financial decisions, while corporate governance focuses on implicit and explicit contracting, supervision, and control for ensuring accountability and reconciliation of conflicting interests. Microeconometrics, finally, refers to econometric tools for analysis of individual-level data on the economic behavior of individuals or firms. Assessment and grading The intention with the assessment is for you to give account for your knowledge and demonstrate your capacity to undertake the abilities you are expected to learn in the course. All assessment tasks must be carried out in English. In the grading, we make use of scoring system where you collect points on different assessment...
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...requires you Case to integrate the various areas of finance into a Procedures decision framework. As such it is expected that you will be a very active partner in the educaCalendar tional process. Lectures as a vehicle will be minimal. Instead student presentations, student Presentation Days discussion sessions, and group work will make up the majority of your experience. Writing Reports The course also requires you to grapple with the difficulty of decision making under conditions of uncertainty. It is expected that you How Am I Graded ? will be faced with ambiguous situations which will require you to make numerous judgements. Enrichment Assignments These situations will require a combination of financial theory and practice. It is unlikely that these assignments will result in clear and unambiguous solutions. You will be required to draw on your previous experiences from a variety of areas in order to successfully complete the class requirements. A particularly important goal in this class is to obtain an understanding and appreciation of the valuation process in markets, under conditions of risk or uncertainty. The essence of finance, in the final sense, is an understanding of how various decisions influence firm value. Course Prerequisite For most of you this class represents the The specific prerequisite for this class is terminal experience in corporate finance (If the Finance 325. Since the prerequisite for Finance 325 is Finance 323 all of you phrase terminal experience sounds...
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...course in finance utilizing comprehensive cases to simulate the role of the financial manager. 3 seminar-discussion. Prerequisite: GBA 546, all required 500-level courses, and microcomputer proficiency. Concurrent enrollment in GBA 646. Unconditional standing requirement. EXPANDED DESCRIPTION OF THE COURSE AND INSTRUCTIONAL METHODS: A. Expanded Description of the Course: This course reinforces the basic concepts of financial management. The course provides an in-depth discussion of key topics that are critical to financial management: (1) the goals of the firms, (2) financial statement analysis, planning, and forecasting, (3) working capital policy and management, (4) capital budgeting techniques without and with risk, (5) capital structure theory and application, (5) the cost of capital estimation, and (6) long-term financing decisions. In addition, the course examines issues such as lease financing, merger and acquisition, and international financial management. B. Instructional Methods: The delivery system throughout this course will be a combination of class discussion and case analysis. The case analysis will be both in a written format and oral presentation. The amount of lecture will be limited to detailed coverage of concepts pertaining to each individual case. REQUIRED BACKGROUND OR EXPERIENCE: A. Prerequisites: Fundamental of Financial Management (GBA 546), all required 500-level courses, and microcomputer proficiency. If a basic finance course...
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...Benchmark Jobs Administrative Group Finance Group Human Resources Group Marketing Group Executive Assistant VP Finance Director Human Resources Director Product Management Office Supervisor Controller Manager Human Resources Sr Product Manager Administrative Coordinator Accounting Supervisor Human Resources Specialist Product Manager Receptionist Accountant Human Resources Assistant Product Specialist Compensable Factors for the Human Resources Job Family 1. Knowledge – the sum total of what a person must have the capability to do to be effective a. Depth of Knowledge b. Breadth of Knowledge 2. Work Complexity – ability to identify and resolve problems and the level of instruction needed to do so a. Problem Identification b. Problem Resolution c. Guidance 3. Autonomy – level of independence within role and responsibilities a. Supervision Received b. Judgment c. Work Review Required 4. Leadership – responsibility for a direct team or population a. Team Leadership b. Employee Leadership 5. Impact – level of criticality and visibility associated to employees role a. Impact of Decisions b. Scope of Impact 6. Interaction – employees reach within the organization a. Level of Interaction b. Nature of Interaction 7. Experience – technical skills, certifications, prior experience a. Experience Scale of Factors Degree 1 Degree 2 Degree 3 Degree 4 Degree 5 Depth of Knowledge Basic level of knowledge within area of specialty, is required. Limited use...
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...Finance II: Advanced Corporate Finance – SMM471 2013–2014, Coursework Questions and Instructions Coursework will consist of group work leading to (a) an active discussion and (b) a written report on one of the case studies. At the beginning of term, student groups will be randomly assigned to one of the following two cases: “Valuation of AirThread Connections” or “Dividend Policy at FPL Group, Inc.” Please find out which case you have been allocated to and the week in which that case is discussed. In the following I explain which deadlines you have to meet and how effort towards each deadline contributes to your coursework mark: • Deadline 1. You must read up your case material and prepare oral answers to the case questions by the Thursday lecture to which your case discussion is allocated. Groups that have not prepared before the case discussion will suffer a coursework mark penalty. The penalty will be 10 points of the coursework mark (e.g., a drop from 60% on your submission to 50% overall). Groups that have fully prepared and present their arguments during the class discussion in a lively and enthusiastic way will receive a 5-point coursework mark uplift (e.g., an increase from 70% to 75%). • Deadline 2. The next deadline is for submission of your complete case report. This must be done on Moodle, by the Thursday one week after the case discussion week. Therefore, the deadlines for submitting the written report are as follows: – Groups assigned to the AirThread case: Thursday...
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... Public finance is said to be the center of economics that studies government activities in the economics and how government finances their expenditure. The span of government activities in a country are capitalist in which government activities are narrow, socialist where government undertakes most government activities and mixed economy in which the government takes a larger share of the economics activity. Externalities occurs in a situation where the buyer and seller do not take into consideration the effect of their action on third party or where there is a spillover effect on production process, externalities also occur when the right to use of environment is in dispute which means there is a need for property right. Which is the law created for firms, individuals for the use of a resource. Whenever there is an externalities and inefficient allocation of resource by private sector then market has failed to achieve efficiency also If the environment is regarded as being of value why does it suffer abuse? When and how does use of environment become abuse? The simple answer is that these problems are examples of a combination of various aspects of what is commonly known as market failure. These include missing markets, externalities, common property and other related effects. we can say, absence of defined and enforceable property rights over environmental assets that is a key issue with the implication that by assigning property rights a number of problems might be...
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...between payment receipt and posting date The plan details for the process improvement plan for the AR department are as follows: AR MANAGEMENT IMPROVEMENT PLAN The table below outlines the specific objectives, activities assigned to each department, the personnel and offices involved, the resources, expected key result areas and target dates. OBJECTIVE | ACTIVITIES | PERSONNEL/OFFICES INVOLVED | RESOURCES/ KEY RESULT AREAS | WEEK | Classify existing accounts receivable and specify them as to current and outstanding | 1. Preparation of Aging of Accounts Receivable Schedule | Finance department | Finance department recordsFinance department personnel | 1st | Determine the lapse time involved between the receipt of payments from debtor/patient and the actual posting in the hospital’s bank account.To determinecauses of delay/too long average collection period | 2. Determining the details of the Average Collection Period in terms of 2 parts: 3.1 The amount of time from the credit was approved to the time that the client mails the payment. 3.2 The time when the payment is mailed until the hospital has collected funds from its bank account. | Health Information ManagementFinance Department | Health information management records, finance department records, bank records | 2nd | Identify...
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...NORTH CAROLINA AT GREENSBORO Joseph M. Bryan School of Business and Economics Department of Accounting and Finance Fall 2008 I. Meeting Time and Place FIN 625.01, Corporate Strategy and the Finance Function 6:30 pm – 9:20 pm M, Bryan School (Room 204 Bryan Bldg.)[1] II. Instructor Daniel T. Winkler Office: 324 Bryan Bldg. Phone: 256-0122 E-mail: dt_winkler@uncg.edu Blackboard: http://blackboard.uncg.edu Office Hours: 5:15 pm – 6:15 pm M, 11:15 am – 12:15 pm W, or by appointment III. Prerequisites Prerequisites: MBA 605, 617; Co-requisite is MBA 620 IV. Course Materials Douglas R. Emery, John D. Finnerty, and John D. Stowe. Corporate Financial Management, 3rd Ed., Prentice Hall Publishing (Pearson), 2007. ISBN: 9780132278720. Harvard Business Review Cases (HC) purchased and downloaded online at: http://harvardbusinessonline.hbsp.harvard.edu/b02/en/cases/cases_home.jhtml. Case ordering numbers are given in parentheses next to each case in the Tentative Schedule. HP (Hewlett Packard) 10 B II, 17BII financial calculator or the equivalent. V. Course Description and Purpose The UNCG Graduate Bulletin describes MBA 625 as follows: "Finance in the strategic management process; corporate strategies and shareholder value creation, financing decisions, distribution...
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...Standard Operating Procedure Personal Finance Project Team Author/s: | Lucille Olivier | Document Ref: | SOP | Creation Date: | 13 September 2011 | Version: | 1.0 | Last Updated: | 13 September 2011 | Table of Contents 1. Introduction 1.1 Introduction 1.2 Purpose 1.3 Project Framework 1.4 Project definition, prioritisation and approval 1.5 Project Process 2. Initiation Phase – The Needs Analysis Process 2.1 Initiating a Project 2.2 Stakeholder Analysis 2.3 Kick Off Meeting 2.4 Functional Specification 2.5 Initiation Phase Overview 3. Validation and Feasibility Phase 3.1 Technical Specification 3.2 Costing 3.3 Reporting Analysis 3.4 Pre Project Plan 3.5 Communication Plan 3.6 Risk Register 4. The Approval Phase * The business case * Motivational Documents 5. The Prioritisation Phase 5.1 The priority matrix 5.2 Resource Scheduling 5.3 The Prioritisation Phase Overview 6. The Execution Phase 6.1 Training plan 6.2 Operations plan 6.3 Communication plan 6.4 The Execution Phase Overview 7. Monitoring and Controlling Phase 7.1 The Monitoring and Controlling Phase Overview 8. The Closure Phase 8.1 Administrative Closure 8.2 Preparing project closeout and lessons learnt 8.3 Recognize and celebrate outstanding project work 8.4 The Closure Phase Overview Introduction * 1.1 Introduction A Standard Operating...
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...asked the engineers what was the problem. He found out that the employees were not satisfied with the jobs assigned to them. They spent almost half of their time writing asinine reports in triplicate for top managers and no one would read them. He promised the engineers that he will take the top managers off their backs. He ordered that all reports be turned to his office daily rather than mailed to the headquarters. By month’s end, the stack was nearly three feet high. Finally, a secretary from finance asked for the monthly travel and expense report. The next morning Terrill entered the president’s office and placed the stack of reports on his desk. The president and other senior executives looked bewildered. He told the top management that those reports were the reason why his department lacks productivity. He suggested that engineers’ time must be used in a more productive manner and one brief monthly report will satisfy the needs of other departments. II. Statement of the Problem The Technical Services Division of DGL International was the highest paid, best-educated, but it was the least-productive division in the company. Problems 1. Employees were not satisfied with the jobs assigned to them. 2. Engineers spent half of their time writing reports and no one would read them. Alternatives / Remedies/ Solutions 1. Show great concern for their personal welfare. Ask them what their problem is and help them in the best way...
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... Mobile: 512-529-2730 Course Objectives • to introduce the concepts and theories of modern financial management, • to develop an appreciation for the usefulness of these theories for financial decision-making, • to develop the student's financial decision-making skills, • to provide an overview of current financial management theories and practices. Text Required: Corporate Finance by Ross, Westerfield and Jaffe, 9th ed., McGraw-Hill Irwin Supplemental: Financial Management, Concepts and Applications, 3rd ed., 1995, Ramesh K.S. Rao, SouthWestern Publishing Co., Cincinnati, a division of International Thompson. The required chapters will be made available to you (Blackboard and the readings package). Course Structure and Grading The course consists of lectures, homework assignments (not graded), class case discussions, a team-based take-home case final, and four in-class exams. Lectures: The lectures are designed to provide an understanding of the major elements of finance. The emphasis is...
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...Running head: GENERIC BENCHMARKING WORKSHEET The Foundations Schools Generic Benchmarking Worksheet Deanna Fields, Kicia Gaines, Edward Thaxton University of Phoenix MMPBL/510 Implementing Organizational Initiatives Professor Joel Maier September 20, 2010 Task A: Problem/Opportunity Statement – Edward Thaxton The objective of our research study is to employ a team-based approach to identifying problem opportunity statements, effectively conduct generic benchmarking research, identify successful and unsuccessful generic benchmarking companies and recognize potential solutions to our problem opportunity statement and end-state goals. The design of the study includes peer-reviewed references, and utilization of a generic benchmarking worksheet. The team's approach to the research methods was to research the generic benchmarking information individually and incorporate our findings into one manuscript. Furthermore, the team-based research approach will provide enhanced solutions from three different perspectives and allow us to be more successful in our research, generic benchmarking methodologies and solution identification for California School Districts and Princeton Review. Task B1: Benchmarking - California School Districts – Kicia California’s 978 school districts receive the majority of their funding through a formula known as “revenue limits.” Revenue limit funds can be used by school districts for general purposes, unlike funds received through categorical...
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...WESTERN KENTUCKY UNIVERSITY COLLEGE OF BUSINESS ADMINISTRATION FIN 437—Corporate Asset Management Dr. Indudeep S. Chhachhi Fall, 2014 Department of Finance E-Mail: indudeep.chhachhi@wku.edu Office & Office Hours: 327 Grise Hall, 745-2928 M/W 11:15 - 12:30 p.m. T 10:15– 12:30, and by appointment Texts and Calculators Required Stephen Ross, Randolph Westerfield, and Jeffrey Jaffe, Corporate Finance (10th ed., McGraw Hill, Irwin, 2013). Subscription to Connect (McGraw Hill) for Corporate Finance (10th edition) (Connect Plus will give you access to the eBook) Texas Instruments' BA II Plus Professional. Strongly Recommended Subscription to The Wall Street Journal. Course Objectives As the second undergraduate finance course, the purpose of Corporate Asset Management is to provide business students with a greater depth of understanding of topics that are applicable to the financial management of modern business corporation. Learning Objectives After completing this course students will be expected to have mastered topics such as: * Risk and Return * Valuation Process and Capital Budgeting * Financial Policy, Options, and Corporate Restructuring. Prerequisites FIN 330 with a grade of “C” or better and completion of, or current enrollment in, ECON 307. If you have not completed the prerequisite listed above, You should drop the class immediately. It is possible that you will be dropped from the class...
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...and scheduling. Only this master can execute the operating system. The other CPU’s are slaves that perform all of the work assigned by the master (Englander, 2009). This configuration is not widely used anymore. Conversely, Symmetrical multiprocessing, or SMP, is where each CPU has the same access to the operating system, all resources, and memory. In this set-up, each CPU is identical (Englander, 2009). In a master-slave configuration, the master holds the memory and is the one who allocates the needed memory to the other CPU’s. The problem with this is that the master CPU becomes bottlenecked. A solution of this could be to enable direct access memory (DMA). DMA is an operation in which data is copied from one resource to another resource in a computer system without the involvement of the CPU (TechTerms, 2013). An example would be data being sent directly from an attached device, like a flash drive, directly to the memory. The microprocessor does not have to do anything, and therefore speeds up the overall computer operation. In SMP configuration, memory access could present a problem. All the memory access is posted to the same memory bus. If there are only a handful of CPU’s, this is fine. However, when there are larger numbers of CPU’s competing for access (anything over about 12), this could bottleneck and present a real problem. The solution to this is NUMA, which stands for Non-Uniform Memory Access. NUMA alleviates the bottlenecks by limiting the number of CPU’s...
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...culture and corporate leadership in business ethics; d. Understanding the concepts of ethics in the working place; e. Applying an ethical framework to business fields: Marketing, Corporate Governance, Accounting, and Finance; f. Describing business environment responsibilities. 2) Course Textbook(s)/ Resources: a) Main books: Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 2nd edition, 2010. Or Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 3rd edition, 2013 b) Reference books or resources: * Harvard Business Review * John D. Ashcroft, Jane E. Ashcroft, 2010, Law for Business, 17th edition, Cengage Publication, ISBN 13 9780538749923 04.02e-BM/DH/HDCV/FU 1/2 1/9 3) Implementation plan in details | | | | | | | | | | | | | | | | | COURSE SCHEDULE | | | | | | | | | Week | | Date | | | Back to Syllabus | | | | | | | | | | | | | | | | | | | | | | | | | | | | ***QUIZ 3 is incidental to the class and has a focus on any of Case assigned in | | | | | | | |...
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