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Areas of Study
| BACC120 syllabus
|COURSE NUMBER: ||BACC120|
|COURSE TITLE:||Principles of Finance|
|SEMESTER CREDIT HOURS:||3|
|STUDENT ENGAGEMENT HOURS:||135|
|DELIVERY MODE:||In-Person, Online|
Principles of finance including instruments and procedures used for loans and investments to meet the demand for funds in the capital markets. Emphasis placed on business finance and financial management.
or consent of instructor.
STUDENT LEARNING OUTCOMES:
Upon completion of this course, students will be able to:
- Develop a good understanding of The basic types of financial management decisions and the role of the financial manager. The financial implications of the different
forms of business organization.
- Analyze financial statements for comparison purposes and compute and interpret financial ratios using financial statement analysis.
- Differentiate between book value and market value the difference between accounting income and cash flow, the difference between average and marginal tax rates.
- Solve time value of money problems using Future and Net Present Value equations and be able to compute the future and present value of multiple cash flows.
- Understand the fluctuation of Stock and Bond ratings the impact of inflation on interest rates, term structure of interest rates and the determinants of bond yields.
- Communicate the payback rule and its shortcomings accounting rates of return and their problems. The internal rate of return and its strengths and weaknesses. The net
present value rule and why it is the best decision criteria. The modified internal rate of return. The profitability index and its relation to NPV.
- Determine the relevant cash flows for a proposed investment Analyze a project’s projected cash flows Evaluate an estimated NPV.
TEXTBOOK / SPECIAL MATERIALS:
- Introduction to Financial Management
- Financial Statements, Taxes, and Cash Flow
- Working with Financial Statements
- Introduction to Valuation: the Time Value of Money
- Discounted Cash Flow Valuation
- Interest Rates and Bond Valuation
- Equity Markets and Stock Valuation
- Net Present Value and Other Investment Criteria
- Making Capital Investment Decisions
- Some Lessons from Capital Market History
- Risk and Return
- Leverage and Capital Structure
- Dividends and Dividend Policy
- Raising Capital
- Short-Term Financial Planning
- Working Capital Management
- International Aspects of Financial Management
Essentials of Corporate Finance by Ross/Westerfield/Jordan, 2017, 9th Ed. McGraw-Hill.
See bookstore website for current book(s) at https://www.dacc.edu/bookstoreEVALUATION:
Grades will consist of participation, problems, quizzes, homework, exams and a final exam. Dates for the exams will be announced in class and or on line so students have time for preparation. Homework will carry 5-10 points. Examinations and comprehensive problems all carry 50-100 points. The final exam will carry a value of 50-100 points. The following grading scale will be used for the final course grades. However, the Instructor reserves the right to vary the scale if necessary.
100-90% = A
89-80% = B
79-70% = C
69-60% = D
59-00% = F
|STUDENT CONDUCT CODE:||Membership in the DACC community brings both rights and responsibility. As a student at DACC, you are expected to exhibit conduct compatible with the educational mission of the College. Academic dishonesty, including but not limited to, cheating and plagiarism, is not tolerated. A DACC student is also required to abide by the acceptable use policies of copyright and peer-to-peer file sharing. It is the student’s responsibility to become familiar with and adhere to the Student Code of Conduct as contained in the DACC Student Handbook. The Student Handbook is available in the Information Office in Vermilion Hall and online at: https://www.dacc.edu/student-handbook|
|DISABILITY SERVICES:||Any student who feels s/he may need an accommodation based on the impact of a disability should contact the Testing & Academic Services Center at 217-443-8708 (TTY 217-443-8701) or stop by Cannon Hall Room 103. Please speak with your instructor privately to discuss your specific accommodation needs in this course.|