FIN401 - Finance I

Outline info
Semester
School
Last revision date 2017-05-29 00:29:51.282
Last review date 2017-07-17 00:15:25.125


Subject Title
Finance I

Subject Description
This one semester subject introduces the accounting student to the fundamental concepts and analytical methods used by corporate financial managers. The subject will progress from an examination of the goals and objectives of financial management to a thorough understanding of financial planning, working capital management and the capital budgeting process.

Credit Status
For information regarding exemptions for courses included in CPA’s Advanced Certificate in Accounting & Finance (ACAF) program please see https://www.gocpaontario.ca/Content/Attachments/Seneca%20College.pdf

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Discuss the goals and functions of financial management.

2. Time Value of money.

3. Determine the value of financial assets such as bonds,preferred stock and common shares using present value techniques and evaluate their use in the financing of the firm.

4. Evaluate the use of long-term debt,preferred and common stock in the financing of a firm.

5. Evaluate the financial performance of a firm using the tools of ratios, trends and common size percentages.

6. Discuss the importance of financial forecasting and demonstrate the use of financial forecasts to estimate future cash flows.

7. Explain the concept of break-even analysis, operating and financial leverage and quantify the effect of leverage on the financial results of a firm.

8. Assess the relationship between current asset management and short-term financing and the impact of risk on these decisions.

9. Apply working capital management techniques to provide effective use of cash, marketable securities, receivables and inventories.

10.Identify the sources of short-term financing and determine of use of such to make effective financing decisions.

11.Explain the function of capital markets in Canada and discuss the role of investment underwriting.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
ACC415 - Intermediate Accounting I
QNM222 - Statistics for Accounting

Topic Outline

  •     Role of Financial Manager
  •     Financial Objectives of a Firm
  •     Compounding and Discounting
  •     Valuation of Debt
  •     Determination of Interest Rates
  •     Capital Budgeting

Mode of Instruction
In-Class

A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
TITLE: Foundations of Financial Management
EDITION: 10th Edition
AUTHORS: Block, Hirt, Danielsen, Short, Perretta
PUBLISHER: McGraw-Hill Ryerson
ISBN: 9781259024979

Reference Material
None

Required Supplies
None

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:

http:/senecacollege.ca/library

Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.


English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:

Term Test                40%
Assignment(s)          10%
Final Examination     50%

Please retain this course outline document for future educational and/or employment use.

Program Coordinator
Cynthia Duncan

Approved by: Academic Program Manager - Business Studies Danielle Mercier