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The University of Mississippi Online

Fin 411 IS: Finance Fundamentals for MBA Applicants, v1

 University of Mississippi
3 credit hours

Instructor Information:

Michael A. Dupper

Instructor name:

Dr. Lynn Phillips Kugele

Instructor Information:

Dr. Kugele is a Clinical Assistant Professor of Finance at UM. Her academic background includes:

  • Ph.D. University of Memphis, Memphis, TN, Business Administration - Finance (Statistics minor)
  • M.B.A. Christian Brothers University, Memphis, TN, Finance
  • M.S. Memphis State University, Memphis, TN, Mathematics (Computer Science minor)
  • B.S. Memphis State University, Memphis, TN, Mathematics (Art History minor)

From Dr. Kugele:

I live in Germantown, TN and teach at Ole Miss - DeSoto in Southaven MS.

I went back for my Ph.D. after over 25 years in the corporate world - NOT in finance! I was in Information Technology, "discovered" finance in my MBA program and loved it!

As an undergrad math major, I love the mathematics of finance with the underlying economic theory.

Teaching online is a wonderful opportunity to give students access to courses they could not otherwise take, at a time and on a schedule that fits in their life.

Contact Information:

If you have questions concerning the content of the course, you may contact the instructor directly using the Email Your Instructor link in the Lessons or Content page. NOTE: Whenever sending email, please be sure to indicate your course title and number in the subject line. You can expect a response within 72 hours, although it may be longer on weekends. Many instructors reply within 24 hours.

For lesson or test administration issues, please contact the iStudy department:

The University of Mississippi
Division of Outreach and Continuing Education
iStudy
P. O. Box 1848
University, MS 38677

Phone: (662) 915-7313, toll-free (877) 915-7313
Fax: (662) 915-8826
E-mail: istudy@olemiss.edu

Course Description

This course is an introduction to business finance, emphasizing the financing and investment decisions of the financial manager. The course is designed to meet the finance prerequisite requirement for the MBA program. In addition, it will provide a review of basic mathematics, statistics and Excel skills necessary in the MBA program.

Textbook Information:

HP 203 TEXTBOOK

Textbook: The required textbook is Fundamentals of Financial Management, Concise Edition, Brigham and Houston, 9th edition (Cengage Learning)

ISBN-13: 978-1-305-63593-7 (2017). Available January 2016.

This is an e-book which can be purchased or rented for various time periods here.

Financial calculator: You must have a financial calculator to get through this course. I strongly recommend the Texas Instruments BAII Plus financial calculator, available at Wal*Mart, Office Depot, or Amazon for about $30.

It is your responsibility to order your textbook. Online textbook retailers such as Amazon.com, ABEbooks.com, or Half.com usually provide used textbooks at economical prices.

Use the ISBN number to make sure you are ordering the exact book required in this syllabus.

Course Objectives:

Objectives include (but are not limited to):

  • Recall and demonstrate understanding of basic algebra and statistical functions, use of the Texas Instruments Business Analyst II+ (TIBAII+) calculator and a basic level of comfort with Excel.
  • Recall the primary goal of financial management in a corporation. (Ch 1)
  • Demonstrate the use of financial ratios to analyze the performance of a firm and in financial planning. (Chs 3 and 4)
  • Understand the concept of the time value of money and be able to solve various TVM problems. (Ch 5)
  • Recall the characteristics of a bond and be able to calculate the current price, yield-to-maturity, and yield-to-call of annual and semi-annual payer bonds. (Ch 7)
  • Understand the concept of risk ñ systematic and diversifiable - in a financial framework and be able to calculate expected returns and standard deviations for both individual assets and portfolios. (Ch 8)
  • Recall the characteristics of common stock and be able to calculate the value of a share of stock. (Ch 9)
  • Define and be able to calculate the weighted average cost of capital. (Ch 10)
  • Understand the importance of the capital budgeting function in a corporation and be able to calculate the various metrics used to evaluate projects. (Ch 11)
  • Understand the process and components of estimating and evaluating the cash flows for a proposed project. (Ch 12)
  • Be able to create and evaluate the cash flows for a proposed project both manually and in Excel. (Ch 12)

Course Outline:

This course consists of 15 instructional modules (or lessons).

Unit
Chapter
Lesson Topic
Start Here
Syllabus, Orientation Materials & Quiz

You MUST take the syllabus quiz within 2 weeks of enrolling or you will be dropped from the course. NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page.

A: Quantitative Skills A1

Excel Basics

A2

Algebra/Statistics

A3

TIBAII+ Calculator

B: Introduction & Accounting Review
1
B1

Introduction to Finance

3
B2 Financial Statements
4
B3

Ratio Analysis

C: Time Value of Money
5
C1

Time Value of Money Basics

C2

Time Value of Money - Annuities

C3

Time Value of Money - Uneven cash flow streams and interest rates

Mid Course Exam
Proctored 2-hour exam to be scheduled and completed before proceeding.
D: Bond Valuation
7
D1 Bond Valuation - Annual payers
D2

Bond Valuation - Semiannual payers

E: CAPM and Stock Valuation
8
E1 CAPM - Risk & Return Part A
E2

CAPM - Risk & Return Part B

9
E3 Stock Valuation
F: Capital Budgeting
10
F1 WACC
11
F2 Part A: NPV & IRR
F3 Part B: MIRR, Payback, Discounted Payback
12
F4 Cash Flow Estimation
F5 Cash Flow Risk Analysis
Final Exam
Proctored comprehensive 3-hour exam to be scheduled and completed before proceeding.

Grading:

Grading:

  • This is a Pass/Fail course.
  • All quizzes are to be completed independently.
  • Lessons (or groups of lessons) have an associated online quiz. You must score 70 or above on the quiz to proceed to the next unit.
  • There is a timed, mid-term exam and a timed, comprehensive final exam at the end of the course. Both are online in Blackboard and must be live-proctored. You must score 70 or better to pass the course.

Independent Study:

  • This is an independent study course. You can work through the material at your own pace.
  • You have one year to complete the work and gain credit for the course.
  • The units of study are shown on the course outline.
  • The course includes 13 quizzes and 2 proctored exams.
    • You must make 70 or better on each quiz to access the next lesson.
    • You must make 70 or better on the mid-term to progress to the second half of the course.
    • You must make 70 or better to gain credit for the course.
    • All quizzes and tests are auto-graded in Blackboard so you will know your grade immediately.

FAILURE TO PASS THE FINAL EXAM WILL RESULT IN FAILURE OF THE COURSE.

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