Students will gain a working knowledge of managerial finance by learning to develop a systematic approach to financial analysis; to apply techniques for planning, forecasting, and managing; as well as to evaluate and recommend improvements in the organization's financial performance. Prerequisites: FINP 5008 Business Finance or equivalent, QNT 5040 and ECN 5050.

( GMP 5040 OR QNT 5040 )
AND ( GMP 5050 OR ECN 5050 )
AND ( GMPF 5008 OR FINP 5008 OR FIN 3010 OR FINC 3010 )

Entrance Competencies:
1) Construct and analyze the financial statements of corporations.
2) Calculate and interpret financial statistics acquired through analysis or from financial sources.
3) Conduct basic financial analysis such as ratio and trend analyses.
4) Calculate present values, future values, and/or required returns from a series of cash flows.
5) Construct and interpret discounted cash flow models used to value assets.
6) Understand, calculate, and apply the concepts of total risk, market risk, and diversifiable risk inherent in investment analysis.
7) Understand and employ basic working capital management models.
8) Discuss the goal of the firm and agency relationships and how these concepts apply to the financial decision making process.
9) Navigate the Internet to find and retrieve information.
10) Communicate with others though e-mail, bulletin board, and chat room.
11) Use Microsoft Word documents with a focus on presenting financial information in a clear concise manner.
12) Use Microsoft Excel to complete financial calculations.

Exit Competencies:

Upon completion of this course, the student will be able to:

1) Identify the major agency relationships within the corporation and discuss how these relationships impact optimal financial decision-making.
2) Understand and apply discounted cash flow techniques to the valuation of corporate securities and corporations as a whole.
3) Calculate and apply investment criteria to the capital budgeting problem.
4) Calculate projected future cash flows and discuss the impact of inflation on optimal capital budgeting
5) Calculate stand-alone risk, market risk and diversifiable risk and discuss the exact mathematical relationship between risk and return.
6) Apply the concept of risk to advanced capital budgeting problems.
7) Discuss the forms of market efficiency, the various ways that firms raise capital and the investment banking process.
8) Discuss, calculate, and apply optimal dividend and capital structure policies.
9) Discuss the uses of standard option contracts for modifying corporate risk exposure.
10) Discuss the role of international financial markets and discuss how international financial risk impacts firm decisions.

1. Required Materials


1. Textbooks

Financial Management: Theory & Practice - 12.Edition - 2008
Eugene F. Brigham, Michael C. Ehrhardt
Thomson Learning
ISBN: 9780324422696



APA Manual
Effective October 1^st 2009, the 6th edition of the APA Manual is required for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.



2. Recommended Materials

RESOURCES


Calculator or Excel: The practice of Modern Corporate Finance and Financial Modeling requires familiarity with spreadsheet software. The most encountered package in Corporate America is currently Microsoft Excel. This course presumes a basic knowledge of Excel. The student should be able to use a variety of statistical and financial functions and should know how to perform cell referencing. Many of the assigned problems for this course can be completed with a financial calculator. If you have a financial calculator from a previous course and are familiar with its use, then upgrading your skills to Microsoft Excel should present no significant problems.


RECOMMENDED READINGS


Ross, Stephen A., Westerfield, Randolph W. and Jordan, Bradford D. (2008)
Essentials of Corporate Finance (6th ed.)
ISBN: 9780073405131


Supplementary materials include:


The Wall Street Journal, Financial Times, Barron's, The Economist and/or other current periodicals in finance.

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.