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BUS 860 - Foundations of Business Finance C01

Academic Credit Value:
3 units
Course Delivery Mode:
Virtual Classroom
Hours of Study:
39 hours
Course Prerequisite(s):
N/A
Course Anti-requisite(s):
HRM 817 / Business Finance and Accounting
Instructor Name:
Jeff O'Leary
Course Dates:
09/15/2021 - 12/15/2021



Required Course Materials:
Custom Courseware: BUS 860 – Foundations of Business Finance Must be purchased directly from Ivey Cases (see instructions below) and NOT from the McMaster Campus Store. To purchase the Custom Courseware, follow these steps: 1) Go to the Ivey Publishing website at www.iveycases.com 2) Log in to your existing account or click "Register" to create a new account and follow the prompts to complete the registration. If registering, choose the "Student User" role. 3) Click on the following link or copy it into your browser: https://www.iveycases.com/CoursepackView.aspx?id=30587 4) Click "Add to Cart". 5) You may choose to order in either print or digital format. To order the material in digital format, check "digital download" and click "OK". To order a printed copy for delivery, enter the print quantity required and click "OK". Please note that shipping charges will apply. 6) Go to the Shopping Cart (located at the top of the page), click "Checkout", and complete the checkout process. 7) When payment has been processed successfully, an Order Confirmation will be emailed to you immediately and you will see the Order Confirmation screen. If you ordered digital copies: Click "Download your Digital Items" or go to "My Orders" to access the file. If you ordered printed copies: Your order will be printed and shipped within 2 to 3 business days. IMPORTANT: Access to downloadable files will expire 30 days from the order date, so be sure to save a copy on your computer. The downloadable file is a PDF document that can be opened using Adobe Reader.
Optional Course Materials:
N/A
Course Description:

An understanding of financial literacy is essential to anyone who is tasked with reviewing or analyzing financial data to make business decisions. This practical course covers the basic concepts and applications in financial accounting, managerial accounting and managerial finance, and it is geared toward people whose primary responsibility is managerial in nature (non-financial). The interpretation of financial information rather than the steps to generate it, will guide the students’ learning.

Learning Outcomes:

Upon completion of this course, students will be able to:

1. Explain the importance of financial management
2. Identify financial management tools and techniques
3. Use financial tools and techniques to evaluate business profitability, sustainability and growth
4. Define terms applicable to financial management
5. Apply financial vocabulary to communications
6. Interpret financial statements
7. Analyze key financial information
8. Create budgets
9. Relate financial information to managerial decision-making
10. Demonstrate ethical and professional conduct applicable to education and business environments
11. Apply effective communication strategies
Course Evaluation

The final grade is calculated based on the following components:

Discussions – 10% (2 x 5%)

Quizzes – 20% (4 x 5%)

Learning Journal – 15% (3 x 5%)

Assignment 1 – 15%

Assignment 2 – 20%

Assignment 3 – 20%



Course Format:

This course is designed to present the fundamental concepts and theories in the fundamentals of business finance and promote the application to the workplace and professional practice. Course activities will include instructor presentations, required readings and experiential learning activities (i.e. case studies, group discussions, projects, etc.).

Assignment Submission:
Course assignments are submitted to the appropriate A2L Assignment folder by the specified due date
Late Coursework:
Late assignments will be subject to a 2% per day late penalty (includes weekends and holidays) for up to seven (7) days. After this date, no assignments will be accepted and a grade of zero (0) will be applied. Extensions for course work must be approved by the instructor before the due date (see Academic Regulations below), and will be granted for illness or emergencies only. Students may be asked to submit supporting documentation for an extension request.  

Policy & Procedures:

Academic Regulations (Attendance, Coursework, Tests/Exams):
In accordance to McMaster University’s General Academic Regulations, “it is imperative that students make every effort to meet the originally scheduled course requirements and it is a student’s responsibility to write examinations as scheduled.” Therefore, all students are expected to attend and complete the specific course requirements (i.e. attendance, assignments, and tests/exams) listed in the course outline on or by the date specified. Students who need to arrange for coursework accommodation, as a result of medical, personal or family reasons, must contact the course instructor within 48 hours days of the originally scheduled due date. It is the student’s responsibility to contact the Program Manager to discuss accommodations and procedures related to deferred tests and/or examinations within 48 hours days of the originally scheduled test/exam, as per policy. Failure to contact the course instructor, in the case of missed coursework, or the Program Manager, in the case of a missed test/examination, within the specified 48-hour day window will result in a grade of zero (0) on the coursework/exam and no further consideration will be granted.

*Note: Supporting documentation will be required but will not ensure approval of accommodation(s).
Academic Integrity

You are expected to exhibit honesty and use ethical behaviour in all aspects of the learning process. Academic credentials you earn are rooted in principles of honesty and academic integrity. Academic dishonesty is to knowingly act or fail to act in a way that results or could result in unearned academic credit or advantage. This behaviour can result in serious consequences, e.g. the grade of zero on an assignment, loss of credit with a notation on the transcript (notation reads: “Grade of F assigned for academic dishonesty”), and/or suspension or expulsion from the university.

It is your responsibility to understand what constitutes academic dishonesty. For information on the various types of academic dishonesty please refer to the Academic Integrity Policy, located at http://www.mcmaster.ca/academicintegrity/

The following illustrates only three forms of academic dishonesty:

1.      Plagiarism, e.g. the submission of work that is not one’s own or for which other credit has been obtained.

2.      Improper collaboration in-group work.

3.      Copying or using unauthorized aids in tests and examinations.

Academic Accommodations:

ACADEMIC ACCOMMODATION OF STUDENTS WITH DISABILITIES

Students with disabilities who require academic accommodation must contact Student Accessibility Services (SAS) at 905-525-9140 ext. 28652 or sas@mcmaster.ca  to make arrangements with a Program Coordinator. For further information, consult McMaster University’s Academic Accommodation of Students with Disabilities policy.

Academic Accommodation for Religious, Indigenous or Spiritual Observances (RISO)

Students requiring academic accommodation based on religious, indigenous or spiritual observances should follow the procedures set out in the RISO policy. Students will need to contact their instructors as soon as possible to make alternative arrangements for classes, assignments, and other coursework. It is the student’s responsibility to contact McMaster Continuing Education to discuss accommodations related to examinations. (if applicable)

On-line Elements:

Conduct Expectations:
As a McMaster student, you have the right to experience, and the responsibility to demonstrate, respectful and dignified interactions within all of our living, learning and working communities. These expectations are described in the Code of Student Rights & Responsibilities (the “Code”). All students share the responsibility of maintaining a positive environment for the academic and personal growth of all McMaster community members, whether in-person or online.

It is essential that students be mindful of their interactions online, as the Code remains in effect in virtual learning environments. The Code applies to any interactions that adversely affect, disrupt, or interfere with reasonable participation in University activities. Student disruptions or behaviours that interfere with university functions on online platforms (e.g. use of Avenue 2 Learn, WebEx or Zoom for delivery), will be taken very seriously and will be investigated. Outcomes may include restriction or removal of the involved students’ access to these platforms.

Copyright and Recording:
Students are advised that lectures, demonstrations, performances, and any other course material provided by an instructor include copyright protected works. The Copyright Act and copyright law protect every original literary, dramatic, musical and artistic work, including lectures by University instructors.

The recording of lectures, tutorials, or other methods of instruction may occur during a course. Recording may be done by either the instructor for the purpose of authorized distribution, or by a student for the purpose of personal study. Students who wish to record sessions need to acquire permission from the instructor. Students should be aware that their voice and/or image may be recorded by others during the class. Please speak with the instructor if this is a concern for you.

Turnitin.com:

Copyright and Recording:

Students are advised that lectures, demonstrations, performances, and any other course material provided by an instructor include copyright protected works. The Copyright Act and copyright law protect every original literary, dramatic, musical and artistic work, including lectures by University instructors.

The recording of lectures, tutorials, or other methods of instruction may occur during a course. Recording may be done by either the instructor for the purpose of authorized distribution, or by a student for the purpose of personal study. Students who wish to record sessions need to acquire permission from the instructor. Students should be aware that their voice and/or image may be recorded by others during the class. Please speak with the instructor if this is a concern for you.

Course Changes:

The instructor reserves the right to modify elements of the course and will notify students accordingly.

Extreme Circumstances:

The University reserves the right to change the dates and deadlines for any or all courses in extreme circumstances (e.g., severe weather, labour disruptions, etc.). Changes will be communicated through regular McMaster communication channels, such as McMaster Daily News, A2L and/or McMaster email.

Course Withdrawal Policy:

Policies related to dropping a course and course withdrawals are posted to the Centre for Continuing Education’s program webpage, FAQs & Policies (https://www.mcmastercce.ca/cce-policies#Dropping).

Storm Closure Policy:

In the event of inclement weather, the Centre for Continuing Education will abide by the University’s Storm Closure Policy: https://www.mcmaster.ca/policy/Employee/storm_emergency_policy.pdf, and will only close if the university is closed. All in-class courses, exams, and room bookings by internal and external clients will be cancelled if the Centre for Continuing Education is closed. On-line courses will take place as scheduled.

Grading Scale:
Grade Equivalent
Grade Point
Equivalent Percentages
A+ 12 90-100
A 11 85-89
A- 10 80-84
B+ 9 77-79
B 8 73-76
B- 7 70-72
C+ 6 67-69
C 5 63-66
C- 4 60-62
D+ 3 57-59
D 2 53-56
D- 1 50-52
F 0 0-49
Course Schedule:

Topic & Readings

Assignments/Graded Components

Module 1 – The Balance Sheet and Income Statement

 

Module 2 – Cash Flow Statements

Quiz (5%)

Learning Journal Entry 1 (5%)

Module 3 – Financial Statement Analysis

Assignment 1 (15%)

Discussion (5%)

Module 4 – Working Capital Management (2-week module)

Quiz (5%)

Module 5 – Break-Even Analysis (2-week module)

Assignment 2 (20%)

Learning Journal Entry 2 (5%)

Module 6 – Budgeting and Profit Planning (2-week module)

Discussion (5%)

Quiz (5%)

Module 7 – Financing and Capital Structure (2-week module)

Learning Journal Entry 3 (5%)

Module 8 – Business Valuations (2-week module)

Quiz (5%)

Assignment 3 (20%)