Chapel Garden

FIN. 582: ADVANCED FINANCIAL MANAGEMENT

INSTRUCTOR: Riaz Hussain OFFICE: Brennan Hall 431

OFFICE HOURS: Monday and Wednesday, 1:00 - 3:00 PM; and by appointment.

CONTACT: E-mail: riaz.hussain@scranton.edu, Telephone: office 941-7497, secretary 941-4048, home 347-8077, Fax 941-4825.

OBJECTIVE: After taking this course, the students will be able to:

1. Study a finance case; analyze it using basic finance theory; and present the findings orally and in writing.

2. Analyze a situation at a firm involving the allocation of available resources (investment decision).

3. Choose the proper method of financing projects at a corporation with the available financial instruments (financing decision).

4. Manage the capital structure at a firm (leveraging decision).

5. Estimate the value of a business enterprise (valuation decision).

REFERENCES: Analytical Techniques in Financial Management, by Riaz Hussain, January 2012, University of Scranton. The sale of this book supports a scholarship at the University.

GRADING: The course grade is composed of case analyses, case presentations, outline of cases, a midterm exam in class, and a take-home final exam. The weighting scheme for the final grade is:

Case analyses, written

20%

Case presentations, oral

20%

Written outlines and classroom discussions

15%

Midterm exam

20%

Final exam

25%

OVERVIEW: You have to present the case orally and in writing. This gives you an opportunity to hone your communication skills.

Public speaking is an art and you develop it in your own way. You can make an effective oral presentation as a team if you divide your work evenly. Each team member should present his or her own contribution to the overall presentation.

A written report requires proper organization of material. You have to write in well structured sentences, which are linked into coherent paragraphs. You should review your write-up carefully and remove any spelling or grammatical errors. The final layout of your report should have a professional look.

The cases are available at Ivey Publishing Company. There may be some changes in the cases that we will cover.

FIN. 582: TENTATIVE SCHEDULE

Week

Date

Topic or Case

1

2/1

Introduction

Review of selected topics

2

2/8

Capital budgeting, Leasing

Environmental Sciences, Inc.

3

2/15

Case 1: High Mountain Technologies

Case 2: Excelerite Integrated Systems

4

2/22

Case 3: Pleasure Craft Inc.

Case 4: Whirlpool Europe

5

2/29

Cost of capital

Assignment of midterm case

6

3/7

Case 5: Telus: The Cost of Capital

Case 6: Sylvan Learning Systems

7

3/14

Spring break, no class

8

3/21

Midterm examination

10

3/28

Option Pricing Theory

11

4/4

Case 7: Sally Jameson (abridged) #202117

Case 8: Corporate Financial Management:

Options Exercises, Problem 3

12

4/11

Debt capacity

Assignment of the final case: Laurentian Bakeries

13

4/18

Case 9: Tremblay, Ltee

Case 10: Unihost Corporation

14

4/25

Investment Analysis

15

5/2

Case 11: CREIT Property Investment (Montreal)

Case 12: CREIT Property Investment (Chicago)

16

5/9

Review

Final Reports due