- NBC Learn
- Adobe Connect
- Respondus LockDown Browser
- Students can request detailed instructions on how to access library resources.
- One-on-One assistance from the Distance Learning Librarian.
Course Description And Purpose
A study of financial management and its application in the Hospitality Industry. Topics include capital investment analysis, and current financial issues. Emphasis is placed on maximizing shareholder’s value.
The main objectives of the course are to:
(i) Understand the process of value creation.
(ii) Review the financial performance of the firm using financial statements
(iii) Understand the risk/return tradeoff.
(iv) Develop techniques for the analysis of capital investments.
(v) Understand the importance of capital structure and shareholder value.
(vi) Understand the factors that affect dividend payout policies
At the end of this course students should be able to:
(i) Evaluate the past financial performance of the firm using ratio analyses and common sized statements.
(ii) Explain how firms create value by managing cash flows, and how its assets are financed.
(iii) Compute the expected value of the firm using returns and standard deviations
(iv) Describe how risk can be reduced through diversification
(v) Use the dividend valuation model to compute the value of the firms and projects.
(vi) Compute incremental cash flows used in evaluating capital investments.
(vii) Explain the advantages and disadvantages of using discounted and non-discounted cash flow methodologies when evaluating capital investments.
(viii) Explain capital structure irrelevance under the assumptions of perfect capital markets.
(ix) Design the optimal capital structure with capital market imperfections.
(x) Determine the optimal dividend payout policy
Please review the FIU's Policies and Netiquette webpage. The policies webpage contains essential information regarding guidelines relevant to all courses at FIU, as well as additional information about acceptable netiquette for online courses.
As a member of the FIU community you are expected to be knowledgeable about the behavioral expectations set forth in the FIU Student Code of Conduct.
Technical Requirements and Skills
One of the greatest barriers to taking an online course is a lack of basic computer literacy. By computer literacy we mean being able to manage and organize computer files efficiently, and learning to use your computer's operating system and software quickly and easily. Keep in mind that this is not a computer literacy course; but students enrolled in online courses are expected to have moderate proficiency using a computer. Please go to the "What's Required" webpage to find out more information on this subject.
Please visit our Technical Requirements webpage for additional information.
Accessibility and Accommodation
The Disability Resource Center collaborates with students, faculty, staff, and community members to create diverse learning environments that are usable, equitable, inclusive and sustainable. The DRC provides FIU students with disabilities the necessary support to successfully complete their education and participate in activities available to all students. If you have a diagnosed disability and plan to utilize academic accommodations, please contact the Center at 305-348-3532 or visit them at the Graham Center GC 190.
For additional assistance please contact FIU's Disability Resource Center.
Web Accessibility Statements for Partners and Vendors
Please visit our ADA Compliance webpage for additional information about accessibility involving the tools used in this course.
Academic Misconduct Statement
Florida International University is a community dedicated to generating and imparting knowledge through excellent teaching and research, the rigorous and respectful exchange of ideas and community service. All students should respect the right of others to have an equitable opportunity to learn and honestly to demonstrate the quality of their learning. Therefore, all students are expected to adhere to a standard of academic conduct, which demonstrates respect for themselves, their fellow students, and the educational mission of the University. All students are deemed by the University to understand that if they are found responsible for academic misconduct, they will be subject to the Academic Misconduct procedures and sanctions, as outlined in the Student Handbook.
Academic Misconduct includes: Cheating – The unauthorized use of books, notes, aids, electronic sources; or assistance from another person with respect to examinations, course assignments, field service reports, class recitations; or the unauthorized possession of examination papers or course materials, whether originally authorized or not. Plagiarism – The use and appropriation of another’s work without any indication of the source and the representation of such work as the student’s own. Any student who fails to give credit for ideas, expressions or materials taken from another source, including internet sources, is responsible for plagiarism.
Panthers Care & Counseling and Psychological Services (CAPS)
If you are looking for help for yourself or a fellow classmate, Panthers Care encourages you to express any concerns you may come across as it relates to any personal behavior concerns or worries you have, for the classmate’s well-being or yours; you are encouraged to share your concerns with FIU’s Panthers Care website.
Counseling and Psychological Services (CAPS) offers free and confidential help for anxiety, depression, stress, and other concerns that life brings. Professional counselors are available for same-day appointments. Don’t wait to call 305-348-2277 to set up a time to talk or visit the online self-help portal.
The FIU library provides a number of services to distance learning students. For example:
Don't struggle through your library research alone! Help is available. For further information, contact Sarah Hammill, Distance Learning Librarian, via email at Sarah.Hammill@fiu.edu or call 305-919-5604.
You can visit the FIU Library at: http://library.fiu.edu/.
Expectations of this Course
This is an online course, which means most (if not all) of the course work will be conducted online. Expectations for performance in an online course are the same for a traditional course. In fact, online courses require a degree of self-motivation, self-discipline, and technology skills which can make these courses more demanding for some students.
Weekly Homework / Quizzes & Tests
Students are required to “visit” MyFinanceLab regularly. All due dates for weekly homework/quizzes and tests will be on MyFinanceLab.
If you need assistance please contact FIU Online Support Services.
All assignments/quizzes are due as per dates on MyFinanceLab. Late assignments/quizzes will not be accepted. There will be no extra credit assignments. Once quizzes are closed, they will not be reopened.
Make-up examinations will only be given in extreme situations that involve the student or his or her immediate family. Proper written documentation is required. Students are required to advise me of absences prior to class. Where this is not possible, students should by e-mail notify me within 24 hours of absence.
Grading will be based on the following: (i) Term project and quizzes, and (ii) written examinations. The grading system is as follows:
|Examination #1 - March 3rd||25%|
|Project - April 17th||30%|
|Final Examination - April 20th||25%|
|Letter||Range (%)||Letter||Range (%)||Letter||Range (%)||Letter||Range (%)|
|A||94 or above||B||83 - 86||C||73 - 76||D||60 - 66|
|A-||90 - 93||B-||80 - 82||C-||70 - 72||F||59 or less|
|B+||87 - 89||C+||77 - 79||D+||67 - 69|
|Module / Date||Topics and Readings|
January 7 - 13
Reading: Chapter 2
January 14 - 20
Sizing up the Business
B. Economic and Industry Analysis
Reading: Chapter 2
January 22 - 27
A. Understanding Financial Statements
a. Income Statements
Reading: Chapter 3
January 28 - February 3
Measuring Financial Performance
A. Ratio Analysis
B. Horizontal Analysis
C. Vertical Analysis (common sized)
Reading: Chapter 4
February 4 - 10
Working Capital and Financing Needs
A. Managing Day to Day Cash Flows
Reading: Chapter 5
February 11 - 17
A. Projecting Financial Requirements and Managing Growth
Reading: Chapter 6
February 18 - 24
Time Value of Money
A. The Basics
Reading: Chapter 7
|March 3rd||Exam #1 (Chapters 1-7) - March 3rd|
March 4 - 10
A. Making Investment Decisions - Capital Budgeting
Reading: Chapter 8
March 11 - 17
March 18 - 24
The Capital Market
A. Overview of Capital Markets
a. Risk and Return
Reading: Chapter 9
March 25 - 31
Cost of Capital
A. Cost of debt
B. Cost of equity
C. Weighted Average Cost of Capital
Reading: Chapter 10
April 1 - 7
A. Optimal Capital Structure
B. Capital Structure Theories
Reading: Chapter 11
April 8 - 14
A. Dividend Policies
a. Share repurchases
b. Cash dividends
Reading: Chapter 12
|April 20th||Final Exam (Chapters 8-12) - April 20th|