财务管理基础英文大纲.docx

财务管理基础英文大纲.docx

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财务管理基础英文大纲

FoundationofFinancialManagement

Modulesyllabus

TeacherName:

ZhanweiLiu

SchoolName:

XuchangUniversity

1.Unitdescription

Financialmanagementispartofthedecision-making,planningandcontrolsubsystemsofanenterprise.Itincorporatesthetreasuryfunction,whichincludesthemanagementofworkingcapitalandtheimplicationsarisingfromexchangeratemechanismsduetointernationalcompetition,evaluation,selection,managementandcontrolofnewcapitalinvestmentopportunities,raisingandmanagementofthelong-termfinancingofanentity.

Themanagementofriskinthedifferentaspectsofthefinancialactivitiesundertakenisalsoaddressed.Studyingthiscourseshouldprovideyouwithanoverviewoftheproblemsfacingafinancialmanagerinthecommercialworld.Itwillintroduceyoutotheconceptsandtheoriesofcorporatefinancethatunderliethetechniquesthatareofferedasaidsfortheunderstanding,evaluationandresolutionoffinancialmanagers’problems.ThissubjectguideiswrittentosupplementtheEssentialandFurtherreadinglistedforthiscourse,nottoreplacethem.ItmakesnoassumptionsaboutpriorknowledgeotherthanthatyouhavecompletedPrinciplesofaccounting.

Theaimofthecourseistoprovideanunderstandingandawarenessofboththeunderlyingconceptsandpracticalapplicationofthebasicsoffinancialmanagement.Thesubjectguideandthereadingsshouldalsohelptobuildinyourmindtheabilitytomakecriticaljudgmentsofthestrengthsandweaknessesofthetheories,justasitshouldbehelpingtobuildacriticalappreciationoftheusesandlimitationsofthesametheoriesandtheirpossibleapplications.

Onsuccessfulcompletionofthemodule,learnerswillbeableto:

●describehowdifferentfinancialmarketsfunctionandestimatethevalueofdifferentfinancialinstruments（includingstocksandbonds）

●makecapitalbudgetingdecisionsunderbothcertaintyanduncertainty

●applythecapitalassetspricingmodelinpracticalscenarios

●discussthecapitalstructuretheoryanddividendpolicyofafirm

●estimatethevalueofderivativesandadvisemanagementhowtousederivativesinriskmanagementandcapitalbudgeting

●describeandassesshowcompaniesmanageworkingcapitalandshort-termfinancing

2.Pre-requisiteunitsandassumedknowledge

Accounting,Economics

3.Learningaimsandoutcomes

LearningOutcome1

Explainthemethodoffinancialanalysisandplanning

ASSESSMENTCRITERIA:

a.Explainthegoalsandobjectivesoffinancialmanagement

b.Demonstrateareasonableabilitytopreparethethreebasicfinancialstatements

c.Discussthemethodoffinancialanalysis

d.Explaintheoperatingleverage,financialleverage.andcombinedleverage

LearningOutcome2

Explainthemanagerhowtomanageworkingcapital

ASSESSMENTCRITERIA:

a.Explainthecontextofrisk-returnanalysis

b.Explainthefinancialmanagerhowtochoosebetweenliquid,low-returnassetsandmoreprofitable,lessliquidassets

LearningOutcome3

Explaintheprocessofthecapitalbudgeting

ASSESSMENTCRITERIA:

a.Discussthetimevalueofmoney

b.Explainthevaluationofbondsandstocks

c.Explainthecostofcapitalandcapitalstructure

d.Explainthecapitalbudgetingdecisionandrisk-returnanalysis

LearningOutcome4

Explainthelong-termfinancinginthecapitalmarkets

ASSESSMENTCRITERIA:

a.Explainthelong-termdebtandleasefinancing

b.Explainthecommonstockandpreferredstockfinancing

c.Explainthedividendpolicyandretainedearnings

d.Explainthewarrantsandconvertiblescovered,aswellasthemoreconventionalmethodsoffinancing

4.Weightingoffinalgrade

Gradeswillbeassignedonthebasisofthefollowingpercentages:

Attendance

10

Participation

10

*Groupdiscussion

10

*Presentation

20

Quiz

20

FinalExam（Learningoutcome2,3）

30

Total

100

5.Grading

A100-95A-94-90B+89-87

B86-83B-82-80C+79-77

C76-73C-72-70D+69-67

D66-63D-62-60F59orlower

6.Policies

AttendancePolicy

Attendanceinclassisaveryimportantpartofyourlearningexperience.Assuch,failuretoattendclasswillreduceyourgrade,andmaybegroundsforfailureinthecourse.Ifyouarelatetoclass,yourattendancescoremayalsobeaffected.Intheeventofunavoidableabsences,suchasseriousillness,ordeathsinthefamily,studentsmayberequestedtoprovidedocumentaryevidenceofthereasonfortheirabsencetotheiracademiccoordinator.Youshouldnotgivethesetoyourinstructor.Studentsaresolelyresponsibleforthemakeupofanymissedclasses,andforobtaininganyclassmaterialsorassignmentsthattheymaymiss.Youareexpectedtocometoclasspreparedtoactivelyparticipateinclassdiscussions.

ParticipationPolicy

Studentsshouldparticipateintheirchosenclassesactivelyandeffectively.TheParticipationGradeisrelatedtotheAttendanceGrade.Students’finalattendancegradeisthemaximumoftheirparticipationgrade.

Participationgradewillbebasedonavarietyoffactorsincluding,butnotlimitedtotakingpartinclassdiscussionsandactivities,completingassignments,beingabletoanswerquestionscorrectly,obeyingclassrules,andbeingpreparedforclass,frequentvisitingyourinstructorsandchattinginEnglishduringtheirofficehoursishighlyrecommended.

PolicyonAssignmentsandQuizzes

Studentsshouldfinishtheirassignmentscompletelyandpunctually.Assignmentshouldbesubmittedonthedateappointedbytheinstructor.Ifastudentcannothandintheassignmentontime,thereasonableexcusewillbeneeded.Lateassignmentswillreceiveamaximumgradeof80.Anassignmentthatislatefor3dayswillbecorrectedbutreceive0.

YouarerecommendedprintallyourassignmentintheuniformformatwiththeheadingofStudent’sPledgeofnocheating.Writtenassignmentorprintedoneswithouttheuniformheadingofpledgewillreceiveamaximumgradeof80.

Itismandatorytohaveweekendassignmenteveryweek.Anyweekendassignmentshouldbesubmittedonfirstclassofnextweek.Itismandatorytohaveholidayassignmentonthepublicholidays.Anyholidayassignmentshouldbesubmittedonthefirstdayonreturningtoschool.Studentsarerequiredtodoamultitudeofpresentationsduringthecourse.

PlagiarismandCopying

Plagiarismisusingsomeoneelse’sworkorideasasyourownwithoutgivingthempropercreditorcopyingsomeoneelse’sworkandpresentingitasyourown.Therehasaverystrictplagiarismpolicyandwillnottolerateacademiccheatinginanyform.Penaltiescanbeassevereasexpulsionfromtheuniversity.Attheveryleast,noonewillreceiveanycreditforassignmentsthatappeartobecopiedfromanotherstudent.Toavoidplagiarism,doyourownwork,orcitetheworkofothersappropriately.Youcanrefertothecoursecatalogueformoreinformationaboutplagiarismpolicy.

Ifyoucheatonthehomework,Icanguaranteeyouthatyouwillfailtheclass.EveryexamIgivehasseveralproblemsthatrequireyoutosubmitjournalentries,createfinancialstatementsinproperform,ortocreateschedulesshowingcertaindetailsthatyouhavetocalculate.Ifyoudonotpracticedoingthesethingsbydoingthehomeworkyourselfandcorrectingyourownworkinclass,youwillloseasignificantnumberofpointsontheexams.

ClassroomPolicies

●Noeating,cellularphones,electronicdictionaries,smoking,chattingordrowsinginclass.

●PleasespeakinEnglishratherthanChineseinclass.

●Studentsarenotallowedtoattendclasswithouttextbooks.

●Standupwhenansweringquestions.

●Respectclassmates’ideas,opinions,andquestionsofyourclassmates.

●Youarewelcometovisittheinstructor’sofficeinhis/herofficehours.

●Takegoodcareofthelaboratoryfacilities.Donotsplashwateronthedesktop.

●Wheneachclassisover,hangtheearphoneonthehanger.Putthetrashintothetrash-bin.

●Allyourclassroominvolvement,performanceandafter-classcommunicationswithinstructorwillaffectyourparticipationscore.

7.Textsandotherrecourses

Theprimarytextbook:

StanleyB.Block.Foundationoffinancialmanagement,14thed.

Thesupplementarytextbook:

RichardA.Barealeyetal（2011）fundamentalsofcorporatefinance（6thed.）.RenminuniversityofChinapress

WEBSITES:

http:

//my.londoninternational.ac.uk

Teachingmethods

DiscussionsandHomework

8.SessionPlan

Week

Duration

Contents

Chapterscovered

Outcomescovered

1

2

Introductionandfinancialanalysis

●Functionsandgoalsoffinancialmanagement（1a）

●Incomestatement,balancesheet,statementofcashflows（1b）

1

2

1

2

2

Introductionandfinancialanalysis

●Ratioandtrendanalysis（1c）

●Impactoffinancial

2

3

1

3

2

Financialforecasting

●Proformaincomestatement（1c）

●Cashbudget

●Proformabalancesheet

4

1

4

2

Operatingandfinancialleverage

●Operatingleverage（1d）

●Financialleverage

●Combiningoperatingandfinancialleverage

5

1

5

2

Workingcapitalandthefinancingdecision

●Controllingassets.（2a）

●Thefinancingdecision

●Shiftsinassetsstructure

6

2

6

2

Currentassetmanagement

●Cashmanagement（2b）

●Managementofaccountsreceivable

●Inventorymanagement

7

2

7

2

Sourcesofshort-termfinancing

●Tradeandbankcredit（2b）

●Useofcollateralinshort-term

●Accountingreceivablefinancing,inventoryfinancing

8

2

8

2

Thetimevalueofmoney

●Futurevalue,Presentvalue（3a）

●Theannuityvalue

9

3

9

2

Valuationandratesofreturn

●Valuationofbonds（3b）

●Valuationofpreferredstock

●Valuationofcommonstock

10

3

10

2

Costofcapital

●Costofdebt,preferredstockandcommonequity（3c）

●Optionalcapitalstructure

●Themargincostofcapital

11

3

11

2

Thecapitalbudg