Syllabus

Accounting and Financial Management

1191-FIU01-HMG-6477-SECRVC-20426

    General Information

    Professor Information

    Professor Photo
    Twila Mae Logan
    By Appointment

    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.

    Course Objectives

    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

    Learning Outcomes

    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

    Important Information

    Course Prerequisites

    There are no prerequisites for this course.

    Textbook

    Textbook Image
    Financial Management: Concepts and Applications
    Stephen Foerster
    Pearson Prentice Hall, 1st Edition, 2014
    ISBN-10: 0133578046
    ISBN-13: 978-0133578041
    You may purchase your textbook online at the FIU Bookstore.

    Policies

    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.

    Privacy Policy Statements for Partners and Vendors

    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.

    Learn more about the academic integrity policies and procedures as well as student resources that can help you prepare for a successful semester.

    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.

    Library Support

    The FIU library provides a number of services to distance learning students. For example:

    • Students can request detailed instructions on how to access library resources.
    • One-on-One assistance from the Distance Learning Librarian.

    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.

    Course Detail

    Course Communication

    Communication in this course will take place via Email and the Canvas Inbox.

    Check out the Canvas Conversations Tutorial or Canvas Guide to learn how to communicate with your instructor and peers using Announcements, Discussions, and the Inbox.

    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.

    Assignment Policies

    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

    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

    Grading will be based on the following: (i) Term project and quizzes, and (ii) written examinations.  The grading system is as follows:

    Course Requirements Weight
    Examination #1 -  March 3rd 25%
    Weekly Quizzes/Homework 20%
    Project - April 17th 30%
    Final Examination - April 20th 25%
    Total 100%
    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    

    Course Calendar

    Weekly Schedule

     

    Module / Date Topics and Readings

    Module 1

    January 7 - 13

    A. Introduction

    Reading: Chapter 2

    Module 2

    January 14 - 20

    Sizing up the Business

    B. Economic and Industry Analysis

    Reading: Chapter 2

    Module 3

    January 22 - 27

    Financial Statements

    A. Understanding Financial Statements

    a. Income Statements

    Balance Sheets

    Reading: Chapter 3

    Module 4

    January 28 - February 3

    Measuring Financial Performance

    A. Ratio Analysis

    a. Trend

    b. Industry

    B. Horizontal Analysis

    C. Vertical Analysis (common sized)

    Reading: Chapter 4

    Module 5

    February 4 - 10

    Working Capital and Financing Needs

    A. Managing Day to Day Cash Flows

    Reading: Chapter 5

    Module 6

    February 11 - 17

    Financing Needs

    A. Projecting Financial Requirements and Managing Growth

    Reading: Chapter 6

    Module 7

    February 18 - 24

    Time Value of Money

    A. The Basics

    B. Applications

    Reading: Chapter 7

    March 3rd Exam #1 (Chapters 1-7) - March 3rd

    Module 8

    March 4 - 10

    Investment Decisions

    A. Making Investment Decisions - Capital Budgeting

    Reading: Chapter 8

    March 11 - 17

    Spring Break

    Module 9

    March 18 - 24

    The Capital Market

    A. Overview of Capital Markets

    a. Risk and Return

    Reading: Chapter 9

    Module 10

    March 25 - 31

    Cost of Capital

    A. Cost of debt

    B. Cost of equity

    C. Weighted Average Cost of Capital

    Reading: Chapter 10

    Module 11

    April 1 - 7

    Capital Structure

    A. Optimal Capital Structure

    B. Capital Structure Theories

    Reading: Chapter 11

    Module 12

    April 8 - 14

    Payout Policies

    A. Dividend Policies

    a. Share repurchases

    b. Cash dividends

    Reading: Chapter 12

    April 20th Final Exam (Chapters 8-12) - April 20th