Lecture Fm

Vietnam National University – HCMC International University SCHOOL OF BUSINESS ADMINISTRATION COURSE SYLLABUS BA016IU Fundamentals of Financial Management 1. COURSE STAFF Lecturer: Ms. Phan Ng? c Anh, MBA Room: #205 E-mail: [email  protected] edu. vn Consultation hours: Thursday OR by appointment (preferred) Teaching Assistant: TBA Should the students wish to meet the staff outside the consultation hours, they are advised to make appointment in advance. 2. COURSE INFORMATION Prerequisite courses: Principles of Accounting 1 2. 1 Teaching times and LocationsLecture: Saturday, 13:00 – 16:00 Venue: C102 1 2 2. 2 Units of Credit: 3 credits 2. 3 Parallel teaching in the course: N/A 2. 4 Relationship of this course to others BA207U – Fundamentals of Financial Management provides students with basic concepts of financial management. The course is provided based on foundation knowledge of financial accounting and economics. This course may fulfill requirements of curric ulum for students majoring in business administration in general; however is the foundation for students majoring in finance and accounting.For those students that major in finance and accounting, they can take higher level of courses in finance after this course, to count for some, Corporate Finance, Financial Institutions and Market, Investment and Portfolio Management, International Finance, etc. 2. 5 Approach to learning and teaching Employing the interactive learning and problem-based teaching approach, this course emphasizes the interaction between lecturers and students. The lecture materials will be uploaded in Blackboard to help the students to preview the materials and to concentrate on listening and critical thinking during the lecture.This will help students to interact with the lecturer during the classroom. The sessions for presentations and discussions comprise company case studies as well as answering some theoretical and conceptual questions, which help the students to see how the concepts are applied in the real international business context. Students will present the case to the class and discuss with the peers. 3. COURSE AIMS AND OUTCOMES 3. 1 Course Aims The aim of this course is to expose students to and familiarize them with the theoretical frameworks and practical matters of financial management..The learning experience will include: an introduction to financial management; time value of money; techniques of pricing of financial instruments such as bonds and stocks; evaluation of major projects; the relationship between risk and return; an introduction to Capital Asset Pricing Model (CAPM) and Portfolio theory; and cost of capital and capital structuring. 3. 2 Student Learning Outcomes After completing the course, students should be able to: * Explain the purpose, goals, and importance of financial management; * Understand the relationship between risk and return; Understand time value of money and possess skills to convert financial t ime values; * Make basic valuation of bonds, stocks, and investment projects; * Evaluate capital budgeting alternatives, using the firm’s cost of capital in conjunction with internal rate of return and net present value techniques; * Compute cost of capital and capital structure. 3. 3 Teaching Strategies The learning system in this course consists of lectures and discussions. Lectures elaborate the appropriate theoretical content in the textbook and readings.Classes provide a more detailed and refined analysis of both concepts and applied materials. Classes are strongly oriented towards interactive discussion of the text and cases. 4. STUDENT RESPONSIBILITIES AND CONDUCT 4. 1 Workload It is expected that the students will spend at least eight hours per week studying this course. This time should be made up of reading, research, working on exercises and problems, and attending classes. In periods where they need to complete assignments or prepare for examinations, the workload may be greater. 4. 2 AttendanceClass Attendance is Mandatory. Roll will be taken by random quizzes’ submissions at times of classes. University regulations indicate that if students attend less than eighty per cent of scheduled classes they may be refused final assessment. Exemptions may only be made on medical grounds. 4. 3 General Conduct and Behavior Beepers, cell phones, and pagers need to be turned off before entering the classroom. The students are expected to conduct themselves with consideration and respect for the needs of the fellow students and teaching staff.Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students will be asked to leave the class. 4. 4 Keeping informed The students should take note of all announcements made in lectures or on the course’s Blackboard. From time to time, the university will send important announcements to their university e-mail addresses without pro viding a paper copy. The students will be deemed to have received this information. 5. LEARNING ASSESSMENT 5. 1 Formal RequirementsIn order to pass this course, the students must: * achieve a composite mark of at least 50; and * make a satisfactory attempt at all assessment tasks (see below). 5. 2 Assessment Details Two Class tests 30% Mid-Term Exam 30% Final Exam 40% Total 100% Mid-term Exam and Final Exam: Mid-term and final test will be a combination of short answer questions, application problems and multiple-choice questions and will cover all the reading, homework, and lectures associated with the topics noted on the reading list. 5. 4 Class participationStudents are expected to attend class regularly, and are responsible for materials covered during their absences. Although it is the responsibility of the student for non-attendance, the lecturer has full authority to drop a student for excessive absences. 5. 5 Special Consideration Request for special consideration (for final examination only) must be made to the Office of Academic Affairs within one week after the examination. General policy and information on special consideration can be found at the Office of Academic Affairs. 6. ACADEMIC HONESTY AND PLAGIARISMPlagiarism is the presentation of the thoughts or work of another as one’s own (definition proposed by the University of Newcastle). Students are also reminded that careful time management is an important part of study and one of the identified causes of plagiarism is poor time management. Students should allow sufficient time for research, drafting, and the proper referencing of sources in preparing all assessment items. The university regards plagiarism as a form of academic misconduct, and has very strict rules regarding plagiarism. 7. STUDENT RESOURCES 7. Course Resources Required textbook: Brealey, R. A. , Myers, S. C. and Marcus, A. J. , Fundamentals of Corporate Finance, 5th ed, McGraw Hill 2007 Note: the course will cover Chapter 1 – 12 Recommended readings: Recommended website: http://highered. mcgraw-hill. com/sites/007353062x/information_center_view0/ http://www. mhhe. com/business/finance/corpfinonline/. Choose â€Å"Finance Tutor Series†. www. finance. yahoo. com www. bloomberge. com www. reuters. com www. vneconomy. com www. efinance. com. vn Other recommended books: Brigham, E. F. and Houston, J. F. 2007), Fundamentals of Financial Management, 11th edn, South-Western. Ross, S. A. , Westerfield, R. W. , and Jordan, B. D. (2010) Fundamentals of Corporate Finance – 7th ed, McGraw Hill. Additional materials provided in Blackboard The lecturer will attempt to make lecture notes and additional reading available on Blackboard. However this is not an automatic entitlement for students doing this subject. Note that this is not a distance learning course, and you are expected to attend lectures and take notes. This way, you will get the additional benefit of class interaction and demonstra tion. 7. Other Resources, Support and Information 1 Additional learning assistance is available for students in this course and will be made available in Blackboard. Academic journal articles are available through connections via the VNU – Central Library. Recommended articles will be duly informed to the students. 8. COURSE SCHEDULE: Week| Topic| Learning materials| 1| Introduction to corporate financeIntroduction CorporationGoals of the corporationAgency problemsFinancial DecisionInvestment DecisionFinancing DecisionDividend PolicyRoles of Financial ManagerWhy corporations need financial markets?Functions of financial markets and intermedias| Textbook, Chapter 1| 2| Time Value of MoneyBasic conceptsTime line/ Future values (FV)/ Present values (PV)Simple interest rate (SR)/ Compound interest rate(CR)Multiple cash flowsFuture value of Multiple Cash FlowsPresent value of Multiple Cash FlowsPerpetuity cash flowsPresent Value of a PerpetuityOrdinary annuity cash flow/ Annuity d ue cash flow Future Value of an AnnuityPresent Value of an Annuity| Textbook, Chapter 4| 3| Time Value of Money (Cont. Growing ordinary annuity cash flow/ Growing annuity due cash flow Future Value of an growing annuityPresent Value of an growing annuityMortgate loansInflation and time value of moneyReal versus nominal cash flowsEffective annual interest ratesQuiz 1| Textbook, Chapter 4| 4| Bonds and their evaluationBond characteristicsBond evaluationCoupon bonds, semi-annual coupon bondsZero-coupon bondsBond yieldCurrent yieldYield to maturity (YTM)Rate of returnRelationship between market interest rate and bond priceBond premiums and bond discounts| Textbook, Chapter 5| 5| Stock and their evaluationEquity versus debtCommon stocks Preferred stocksBook values, Liquidation values, and Market valuesStock valuation: Dividend Discount Model (DDM)Zero growth common stocksConstant growth common stocksDifferential growth common stocksPreferred stocksGrowth stocks and Income stocksMid-Term| Textbook, Chapter 6| 6| Project Investment Criteria and Capital Budgeting DecisionCapital budgeting decisionCapital budgeting processProject classificationsNet Present Value (NPV) methodInternal Rate of Return (IRR) methodPayback Period (PP)/ Discount Payback period (DPP) methodProfitability Index (PI)| Textbook, Chapters 7| 7| Project Investment Criteria and Capital Budgeting (Cont. Principles of identifying cash flowsCalculating Cash Flows Capital investmentOperating cash flowsInvestment in working capitalTerminal-year incremental cash flowMinicaseQuiz 2| Textbook, Chapter 8| 8| Introduction to Risk, Return and Opportunity Cost of CapitalIntroduction relationship between Risk and ReturnHistorical overview of risk and returnRates of returnMeasuring riskVariance and standard deviation Risk and diversificationDiversificationAsset versus portfolio riskVariance and standard deviation of returns for a two-asset portfolioUnique risk versus market risk | Textbook, Chapters 10| 9| Risk, R eturn and capital budgetingMeasuring market riskConcept of betaPortfolio betasRisk and returnCapital Asset Pricing Model (CAPM)Security Market Line (SML)Capital budgeting and Project Risk| Textbook, Chapter 11| 10| Capital Structure and Cost of CapitalMeasuring capital structureMarket versus book weightCost of capital Cost of debtCost of preferred stocksCost of equityCost of retained earningWeighted Average Cost of Capital (WACC)WACC and business evaluation| Textbook, Chapter 12| 11| Revision| | ——————————————– [ 1 ]. This is adapted with kind permission from the University of New South Wales.

American Sniper Essay

Once the lights dim, the screen expands, and the audience becomes silent, the greatest true story to be told is about to begin.   Chris Kyle, â€Å"Legend,† grew up in a small town in Texas with an aspiration to be a cowboy. He then realized he needed something different, more rewarding, which is when he decided to utilize his special talent by becoming a sniper in the navy SEALs. While in Iraq, Chris ventures out to protect his country from a villainous Iraqi warrior, â€Å"the Butcher.† Extremely difficult obstacles came about while in combat, but this did not stop him from reaching a record-breaking160 snipes. Kyle possessed an incredible skill set that caused his fellow soldiers to have an extreme level of respect toward him, and the nickname â€Å"Legend† was created due to their admiration. He even found himself in situations that he had to choose between protecting his country and doing what is morally correct. Almost every decision made by Chris, was one that benefited America in the greatest way. But his closest friends, small children, and even his enemies dying right in front of his eyes caused his mental state to be extremely damaged. Kyle then had to live the rest of his post-military life trying to cope with his Post-Traumatic Stress Disorder. Not only was this movie and story an inspiration to millions, but also very informative of the reality of war now. Clint Eastwood did a great job recreating and honoring the incredible life of Chris Kyle. Although this movie is based on a true story, all of the components in this film were put together extremely well. American Sniper is indeed a war movie, but many of the aspects in it cause it to be so much more than just action-packed battles and gory blood baths. This film is hands down one of the best creations Eastwood has ever put forth. He portrayed the story in such a way that the audience felt inspired and moved by it. Creative twists and artistic choices he decided to make for this movie truly paid off. Bradley Cooper, a well-renowned actor, plays the main role of Chris Kyle and does an astounding job. He excellently captures his true character, and allows the audience to connect on a very deep level. Cooper remains extremely suave and allows his confidence to shine through while portraying this American hero. This role entailed strenuous amounts of training, and pushing ones body to a limit it has never reached before. He was required to gain weight, become a true â€Å"Texan† with an accent, and ultimately become an inspirational hero by being extraordinarily determined and brave. Bradley did an exceptional job at taking it on. This movie was set in a sandy, run-down village in Iraq; the setting had a great impact on the story as a whole. The Iraqi village members, members of the Taliban, and the terrorists that lived in or in the surrounding area made the movie to be very suspenseful and action-packed. The sand storm that occurred at the end of the movie brought on a huge turn of events for the soldier, leading most viewers to believe he wouldn’t make it out alive. Constantly changing scenes from the peaceful home in Texas where Chris’ wife and kids lived, to the treacherous overseas battlefield, caused the movie to remain very spontaneous. The constant snipes, battles, and hardships occurring throughout the movie kept the audience very intrigued by the story. The director did an excellent job capturing the true essence of how one should feel if they were ever put in the same heart-wrenching situation. The final scenes, as well as the credits, were the most impactful. They intelligently put actual footage of events that happened after Chris’ death. This allowed the audience to truly capture the amount of respect this one man gained from thousands of people. Many people gathered in honor of this hero. After watching the movie and learning more in-depth about his story, caused others to know why. Complete silence surrounds the theater once the movie came to an end. Everyone couldn’t help but to have a moment of silence, commemorating this great hero. After a movie, at a public theater, one will never see a reaction, from almost everyone there, of this sort. The atmosphere in the theater was one of sorrow and admiration. Emotions stirred through each individual in the audience, and most had a hard time holding them in. This aspiring story  touched millions of people’s lives. The movies runtime is approximately 134 minutes, which is quite long for most people. The content of the movie was so well spread out, that the amount of the time the movie ran did not seem nearly as long as it actually is. Eastwood did such a good job entertaining his audience, that the length of the movie was not much of a factor when one watched the film. This movie received a rating of â€Å"R† due to war violence, and vulgar language. Although a large amount of people were unable to view this film because of it’s rating, it was definitely necessary for it to be included. The gory aspects and the tasteless choice of vocabulary only furthered the impact this film had on its audience. The soundtrack used in this movie was very well picked. â€Å"The Funeral†, which is the song used for the credits, is one that really impacted most people. The track is perfectly suitable for the slideshow that is shown at the credits of the film; it caused hundreds of thousands of people to shed a tear because of how emotionally impactful the song is. American Sniper received a well-deserved rating of four stars from the credible source IMDb. Another source, Roger Ebert, rated the film at four and a half stars. These well-known movie critics giving this movie such a good review, proves how successful Clint Eastwood was in the making of American Sniper. The well-done acting, special effects, script, scenery, and storyline all had a positive impact on the high rating this movie received. A lot of comparison of American Sniper and Lone Survivor has occurred. They are both about the incredible stories of an average man going on tour while apart of the military. Both men had to experience events a typical person would never want to experience. Debatably, American Sniper is a better version of Lone Survivor. Although, both brilliant, insightful stories, American Sniper was more impressive according to several audiences. American Sniper is definitely a movie to be remembered and recommended for generations on end. It is one of the greatest stories of all time, and the movie does an incredible job at portraying it. This film does Chris and his  story much justice; the theme and overall point of the film came across almost perfectly. Not one person should go without seeing this film, and miss out on the amazing story it withholds.

Taxation Law Essay Example | Topics and Well Written Essays - 5000 words

Taxation Law - Essay Example It also works with appropriate departments on policy matters relating to tax and excise. The ATO has the responsibility for administering a range of tax and superannuation legislation is vested by Parliament in the Commissioner of Taxation. The Commissioner's authority to administer each levy is written into the law relating to that levy, as are his general responsibilities, discretionary powers and rights (The Commissioner of Taxation, (n.d.), accessed 25.10.05). In Australia, the Tax Office generally asks the taxpayers to co-operate with it voluntarily and to disclose full information completely and honestly. But Additionally, it has specific information- gathering powers for some taxpayers who should insist that the Tax Office exercise those powers, even where there is no suggestion of tax avoidance - in particular a professional should not voluntarily disclose confidential information to the Tax Office but insist upon its exercise of these powers. To avoid tax evasions, the Tax Office has right of full and free access to all buildings, books and documents for the purpose of the Income Tax Assessment Act, and is allowed to require any person to give it such information, as it requires or to attend and give evidence before it. The Act also states that the occupier of a building or place entered or proposed to be entered by the Tax Office shall provide the Tax Office with all reasonable facilities and assistance for the exercise of its powers. Once an audit commences the taxpayer may want to know how to interact. Just because it is necessary to assist the Tax Office doesn't mean one is subservient to it. How much information should be provided, or withheld because it is protected may be issues, particularly if the matter may end in court. At conclusion of the audit the taxpayer may undertake a Freedom of Information Act search to find out just what the Tax Office thinks of it. Many taxpayers will find that they have underpaid primary tax and, as a result, apart from having to pay that tax, will be subject to penalties. Their solicitor can document payment arrangements with the tax Office and perhaps prepare mortgages and other charges to secure such payments (Rockliffs Solicitors & Barristers, accessed 25.10.05). The Australian Tax Office is responsible to ensure that that nobody steals public money through tax fraud and for this purpose, it has auditors to carry out the investigations but it does not have powers to take tax criminals to the courts. Once it detects a fraud, then it refers the matter to the Federal Police. The Taxation Bill 2002 provides the Australian Tax Office with a broad range of powers to obtain comprehensive information on the administration of the tax laws. The Inspector-General of Australian Tax Office is able to invite submissions from the public or from particular groups of taxpayers or tax professionals, and may receive submissions in confidence. The Inspector-General is also able to hold meetings with taxpayers, tax professionals or their representatives. The Bill also endows the Inspector-General with investigative powers, including the power to compel disclosure of documents and examine witnesses so that the Inspector-Gen

Tampa Bay Buccaneers Essay Example | Topics and Well Written Essays - 500 words

Tampa Bay Buccaneers - Essay Example Dunn’s reason for failing to complete the project on time was that the city failed to honour their terms of the contract. This paper will examine the contract, and who, between the two parties, is liable for a lawsuit. Under contract law, there are legal promises made to parties getting into an agreement (Monahan, 2001). Dunn, in this case, was entering into an arrangement with the city to start and complete the new city stadium. He knew of the time factor, but was ready to meet the challenge. However, his non-completion meant that he did not honour the terms of the agreement. The contract involved a bargain between Dunn and the city. He was liable to pay the city for all the financial damages the city might have incurred during the pre-season. Dunn, however, did not enter into the agreement alone. The city also made legal promises to him, which according to him, it did not fulfil. Their failure to honour some of the promises made to him by the city resulted in his failure to complete the project. The contract implied that Dunn would receive safety detail while working on the stadium. They, unfortunately, failed to fulfil their part of the deal. This meant that Dunn was responsible for everything that went on while working to complete the stadium. He catered for everything that was required while working on the project, in order to fulfil his end of the contract. The reason for his failure to complete the project on time was, therefore, justified. He incurred extra costs that should have been the city’s responsibility. Dunn, in the long run, should not pay any damages to the city. They should pay him for the extra amount of capital he might have put into the project. This is extra capital the city should have been catering for as part of their contract deal. While the pre-season started and the games shifted to another stadium, the Tampa Bay Buccaneers received an amount for their fans moving to watch their games in the other city’s stadium.

Globalizations has spawned a new frontier in the fight for human Essay

Globalizations has spawned a new frontier in the fight for human rights protections - Essay Example The United States is a super power because of the fact that it imperialized and was able to control its colonies compared to its European predecessors. It is clear that globalization allowed a system of seamless integration in which trade was cultivated within countries. Although trade is beneficial, it diminishes human rights. This is vital to understand as new Empires emerged and literally obtained new identities because of this emphasis of globalization. Stearn also reemphasizes the fact that United States was in the prime position to take advantage of globalization and has made itself a dominating superpower in the 20th century because of its focus to imperialize and control its territories. Globalization is detrimental to human rights because of low wages and low capitals. In third world countries where manufacturing is conducted, children and women almost have no rights. Imagine working as a child in a non-stop unhygienic conditions to earn around $3 for a day. With the labor force ready to combat poverty in third world countries, the economical behavior of the nation has undoubtedly suffered because of the factors mentioned above. chaos as millions of poor workers were frustrated with working conditions as corruption loomed in city government. Packed in small quarters, these workers are living in a prison in essence with little chance of surviving. Individuals struggle to support households and have no funds to invest in their business. Women and children get exploited the most as they have no rights in developing countries. Moreover, the rich get richer in a pendant system where there is no paradigm of middle class. This causes issues because customers do not have p urchasing power or rights in any manner. It is clear that there has to be a plant to rectify this issue. Women and children needs rights to set hours of constant workload. The International Human Right Services is

Expatriate Management Essay Example | Topics and Well Written Essays - 1000 words

Expatriate Management - Essay Example Strong human resources management practices come in handy especially in the international context whereby managers are engaged in foreign assignments. They need to be trained to ensure that they are effective in accomplishing the duties assigned to them. Nevertheless, training of expatriate managers is faced with various challenges. This paper presents a critique of challenges such as identifying the time to train, type and level of training, parties to be involved in training as well as the expatriates’ capabilities to relate with the foreign culture. There are also challenges related to the learning capabilities, interest and willingness of the expatriates to undertake the training. Determining the appropriate time to train presents a major challenge as trainers try to evaluate the training needs of expatriates. They can either be trained before leaving their home organization or immediately after travelling to the foreign country (Bird and Osland, 2005). Both strategies are significant in equipping the manager with the desired knowledge to cope with the new environment, but choosing one of them rather than undertaking the two may be effective in saving time and resources. Planners are faced with a dilemma of determining which strategy would be more appropriate. For example, training before the managers leave the organization instills them with a sense of purpose for their mission. They are capable of imagining the organization’s situation after they successfully complete their mission. Yan et al. (2002) observe that training expatriates before they leave their home country motivates them to work towards accomplishment of the organizational goals to impr ove the situation at hand. When they are trained in the foreign country, they are fascinated by the new environment; either due to its magnificence or otherwise lower standards. The new environment may influence learning and therefore the training might not accomplish the organizational objectives (Chew,

Homework Research Paper Example | Topics and Well Written Essays - 1000 words

Homework - Research Paper Example The usability of a system also determines its effectiveness, satisfaction, and efficiency. The effectiveness of a system refers to the accuracy with which specific objectives can be achieved. The efficiency of a system refers to various resources and their accuracy for the system. The satisfaction of a system includes characteristics of users, tasks, and the overall organization. The context of use is also an important characteristic of the system. The context of the system determines the characteristics of the users, tasks, and physical environment (Sauro & Kindlund, 2005). The second important quality characteristic of ISO 9126 System is reliability. The reliability of a system determines the perceptions of users regarding the reliability. The reliability of a system is ensured through various measures (Sauro & Kindlund, 2005). Some of these measures include frequency of system failure, presence of bugs, faults, and other errors. When developing a system, it is important to ensure that it possesses fault tolerance. The specific level of performance is also developed for system’s reliability. The recoverability is the sub characteristic of reliability. This characteristic allows users to take corrective actions whenever an error occurs. The reliable system is one, which can quickly recover from a failure and resume working (Sauro & Kindlund, 2005). Reliability is viewed as an important quality attribute, which appears in all quality models. The users want a system that they can rely. The reliability can be defined as the capability of a system to maintain a specific performance level. The sub characteristics of reliability include maturity, fault tolerance, recoverability, and reliability conformance. Maturity of an ISO 9126 system can be comprehended as its capability to avoid failures. The fault tolerance of a system is the capability of a system to deliver specified performance (Phang, Kankanhalli &