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MGMT 640 9080 Financial Decision Making for Managers (2212)MGMT-640

 Course Description

Prerequisite: Knowledge of the fundamental concepts of financial accounting and economics, including opportunity cost, the time value of money, and financial analysis. An investigation of financial decision making in business, government, and not-for-profit organizations. Emphasis is on the application of financial and nonfinancial information to a wide range of management decisions, from product pricing and budgeting to project analysis and performance measurement. A variety of decision-making tools (such as break-even analysis, activity-based costing procedures, and discounted cash flow techniques) are studied. Contemporary managerial practices are explored.

 Course Introduction

Course information and key semester dates:

This is a 3-credit course.

There are 12 weeks in the semester.

MGMT 640 combines the study of financial accounting, finance, and managerial accounting into a concentrated one-semester course. Business organizations, both for-profit and non-profit, employ financial managers in a wide variety of roles to gather and report on company financial performance; direct investment decisions; implement cash management strategies; prepare budgets and establish operating performance measures; and participate in the development and implementation of long-term business strategies.

This course is an introduction to the management of a firm’s financial and operational resources. It is intended as a foundation-level course in corporate financial management for students pursuing the Master of Science in Management with specialization, or as a perquisite for students enrolled in the Financial Management and Accounting or Healthcare degree programs. Emphasis is placed on helping students gain an understanding of financial management principles within an overarching conceptual framework, before studying specific concepts in depth.

In addition to studying financial management concepts, students are required to learn and demonstrate basic competency in Excel as preparation for using this financial management tool in the work place and in future course work.

Students can purchase Excel at a discounted rate. Visit MyUMGC, My UMGC Resources, Microsoft Products. It is mandatory that by the end of the course students are able to use Excel to solve accounting and finance problems.

Students with little or no prior background in financial accounting, or those in need of a refresher, are strongly encouraged to take the non-credit course UCSP 620 Financial Accounting in order to gain an introductory understanding of financial statement analysis, the concepts of supply/demand, and monetary/ fiscal policy. This class provides a foundation upon which to build and facilitate your learning in MGMT 640. It is not recommended that you take this non-credit course simultaneously with MGMT 640. It is recommended that you take the UCSP class prior to taking MGMT 640 (if you need a refresher)

 Course Outcomes

By the end of the course students should be able to: 

  1. Critically assess the economic environment in which both public and private organizations operate.
  2. Perform a financial analysis of a for-profit firm using the organization’s financial statements and conducting a financial ratio analysis.
  3. Assess the relationship between return and risk in publicly traded firms.
  4. Apply discounted cash flow techniques to project analysis and decision making.
  5. Describe the role of financial decision making in relation to the overall management function in organizations.
  6. Analyze product mix and profitability decisions using activity-based costing.
  7. Compare alternative budgeting systems.
  8. Apply financial and non-financial information to both short-term and long-term management decisions in for-profit, non-profit and government organizations.
  9. Analyze the balanced scorecard approach as a way of measuring organizational performance.

 

 Class Guidelines

Contacting your Faculty Member

There are several ways to contact your faculty.

From within the LEO class:

You can use the Pager feature within the classroom to send a message to your faculty member.

Email:

You can also email your faculty directly from your own email (preferred manner of communication).

Phone:

Email is the preferred contact mode for faculty. If however, the matter is urgent you can request a phone call from the faculty member by email. Please understand that it is within the faculty member’s discretion as to how they wish to communicate with students.

Preparation

Take a tour of the classroom to help navigate through the classroom. Under Content, go to Overview. Be sure to review Course Resources where you will find resources:  Learning to Use APA and the Student Toolbox.

Go to Syllabus and read thoroughly so you will gain an understanding of the expectations of the course.  Under Syllabus and click on Faculty Bio to gain insight on your instructor.

Go to Week 1>>Introduce Yourself module.  Share information about yourself.

All the required readings are available in your LEO classroom.  Please begin each week by reading through the required materials and then participating in the discussion forums.  All students, both Online and Hybrid, are expected to participate in the discussion forums throughout the week.

Time on Task:

Students are expected to spend between 42 and 45 (16-19 hours per seven-day week) hours per credit hour on coursework for the semester.  For further explanation see Policy 160.00 – Credit Hour Definition .

Active participation is required in all online courses, and you should expect to log in to your online courses several times a week.

Absence from class does not excuse you from missed coursework. You are responsible for obtaining detailed information about missed class sessions, including their content, activities covered, and any announcements or assignments. Failure to complete any required coursework may adversely affect your grade. Teachers are not expected to repeat material that you missed because of your absence from class.

Classroom Management

Announcements – Students should make a habit of checking the class ANNOUNCEMENTS on a regular (daily) basis. This is where the instructor will advise the entire class of any changes to the syllabus, anticipated assignments, updates on grade postings and other items impacting the entire class.

Students are responsible for reading all assigned course material scheduled for the week.   The theme/topic will align with the reading assignments and the course outcomes.  Students will have the opportunity to demonstrate their mastery of the materials, and the course outcomes by their asynchronous participation in the discussion activities.  Research may be required, or students may enhance the discussion activities with research done on their own. Students receive feedback for participating in the discussion activities.

By completing the course assignments students also can demonstrate mastery of course outcomes, critical thinking, and application of course material as well as writing skills.  Requirements for each course assignment are described in detail within the course.  Grading rubrics are used to ensure objectivity and a common basis for grading across different sections of the course.  Students receive feedback for each graded assignment.

This course may be conducted as a hybrid course combining in-class and online instruction.  In-class sessions also provide an opportunity for students to demonstrate critical thinking, application of course material, and a mastery of course outcomes.   In-class activities may include guided discussions, debates, presentations, role-play, etc.

Discipline-Specific Requirements

  • First, the writing style guide required for the business administration and management studies discipline is the 7th (seventh) Edition of the Publication Manual of the American Psychological Association.  Students should use this edition as the guide for using in-text citations and a reference list in the business courses, the only elements students are expected to use other than understanding plagiarism.
  • Plagiarism has become an issue in not only major research assignments and papers, but also in the discussion activities.  Please review the UMGC Policy 150.25 – Academic Misconduct. Plagiarism will not be tolerated in any academic activity in the programs.
  • No work will be accepted after the last day of the semester without an approved Incomplete. The policy on Incomplete grades is found in the UMGC Policy 170.71 – Grade of Incomplete.  The form must be submitted to the faculty member.  The faculty member must come to the Program Chair who will review and provide approval or rejection.

Copyright Infringement

Students selling, exchanging or trading any materials used in this class (e.g. to include but not limited to case studies, learning or discussion activities, content etc.) would be in violation of copyright laws pertaining to the university’s intellectual property interests. All work promulgated by the university and found within the classroom is the property of the university.

 

APA Requirements

Under the Discipline Specific Requirements above, students are asked to adhere to the APA guidelines (7th edition as noted above).  Students are asked to follow these guidelines for the all work done in the course for the following reasons:

  • In business it is not enough to present one’s opinion.  Learning to support opinion or one’s findings brings validity to reasoning or a position taken.
  • Helps avoid plagiarism by demonstrating one’s integrity and skill as a responsible student.
  • Helps readers understand the context of the argument and provides a trail to locate the material cited;
  • Helps in the student’s learning process by drawing attention to the originality and legitimacy of one’s own ideas and work;
  • Provides evidence of research and demonstrates a student’s careful and thorough work put into locating and exploring sources;
  • Allows student to acknowledge those authors who contributed to learning;

Weekly Discussion Activities/Participation

In registering for a college course, a commitment to participate in course discussions as well as in other online activities was made.  Discussion activities are mandatory so please plan to participate regularly.  Participation requires active reflection on weekly readings and other course material to develop original ideas in the responses.  If a student is not present for the discussion, the discussion cannot be made up.  If there is an extraordinary unforeseen circumstance that prevents student from submitting work it is within the faculty member’s discretion to let a student make up the main assignment response only. Reasonable documentation of that circumstance is required.  Since the discussion activities involve a discussion aspect, responses to classmates and frequency on the grading rubric cannot be made up after the end of the week.

It is important to note that students will receive a participation grade based on the participation rubric and instructions provided in the classroom.  Students are graded on several criteria:  1) Evidence of critical thinking (analysis, synthesis, evaluation and reflection) of class reading material and discussion; 2) Responses to classmates and instructor reflect a substantive understanding of course material; 3) Relevance of participation to topic under discussion; 4) Writing mechanics and APA usage. 5) In the case of participation activities where instructions allow for relaxed APA usage, instructors still require the use of the class material to support conclusions and ideas presented in all posts. Instructors, therefore, reserve the right to deduct points for opinion driven responses where no visible material support is demonstrated.  Students should not expect full credit grades based on the number of responses made within a discussion.

If taking a hybrid course, students are expected to participate in onsite activities as well as participate in online discussions. If an onsite class is cancelled due to weather conditions or unforeseen circumstances, the planned scheduled activities will move to the online class. 

It is highly suggested that students register for My Alerts at:

https://alert.umgc.edu/index.php?CCheck=1

 

What is a substantive comment in an online discussion activity?

Please note that both quantity and quality are important considerations when it comes to participation.  A comment which says simply “I agree,” for example, would not constitute participation since it does not add anything of substance to the discussion activity.  Additionally, agreeing and repeating what someone else wrote does not constitute participation.  Feel free to agree or disagree but please give reasons to support your position.  Students are expected to add substantially to the discussion presenting new ideas, your perspectives (supported), pointed follow-up questions, etc.  You will find it’s much easier to keep up with an online class if you are logging in and participating regularly.  Some of the characteristics of effective class participation follow:

  • Is the information posted relevant to the discussion in terms of increasing everyone’s understanding of the topic or are students merely regurgitation of case facts?
  • Do the comments take into consideration the ideas offered by others earlier in the class or are the points isolated and disjointed?
  • The best contributions to our weekly discussions tend to be those that are excellently prepared, demonstrate reflection, listening and interpretive skills.
  • Do your comments show evidence of thorough reading and analysis?
  • Does the participant distinguish among different kinds of data: that is, facts, opinions, assumptions, and inferences?
  • Is there a willingness to test new ideas or are all comments cautious/”safe”?
  • Is the participant willing to interact with other class members by asking questions or challenging conclusions?

You are expected to adhere to the general rules of online etiquette.   The following provides a set of online etiquette general rules: http://achievevirtual.org/7-rules-for-online-etiquette/

What is critical thinking?

At UMGC critical thinking is central to learning as students prepare for success in the outside world.   When asked, employers list critical thinking at the top of the list for skills they expect new hires to possess.

Critical thinking requires the use of mental processes of understanding and reasoning, analysis and evaluation but it is also about how one approaches an issue or question.

According to Good (2005) critical thinking is “typically associated with solving complex real world problems, generating multiple (or creative) solutions to a problem, drawing inferences, synthesizing and integrating information, distinguishing between fact and opinion, or estimating potential outcomes, but it can also refer to the process of evaluating the quality of one’s own thinking.”

Reference:

Good, R. (2005, June).  Role of critical thinking in online education.  Retrieved from http://www.masternewmedia.org/education/critical_thinking/educational_role_of_critical_thinking.htm

When students are asked to provide “what you think,” the expectation is that students support with the readings or the literature why you think what you do.  Therefore, using phrases such as “I think,” “I feel,” “In my opinion,” and “I believe” have to be supported with the readings/literature.

 

 

 Grading Information

COURSE REQUIREMENTS 

10 homework assignments, participation in class discussions, a midterm exam, an essay paper, a group project, and a final exam are required submissions for this course.

The following assignment chart shows the graded deliverables for this class. Grades will be apportioned as shown. More detailed descriptions of assignments are available below and from the assignment links in the chart. Due dates are detailed in the Course Guide/Schedule at the bottom of the page.

Assignment ( % of Grade)

Class Participation

15%

Homework

20%

Midterm Exam – Note: there are two parts to the midterm exam.  Both must be answered and submitted.

15%

Essay

15%

Team Project

20%

Final Exam – Note: there are two parts to the final exam.  Both must be answered and submitted.

15%

Total

100%

Grading Philosophy

Grades are assigned based solely on performance and not on prevailing students’ expectations, perceptions of their performance, or level of effort.  The grading standards are developed based on course outcomes and reflect the appropriate level of content mastery, including the subject matter as well as core curriculum components deemed appropriate, such as effective writing and information literacy.

Although a bell curve may not always be achieved nor necessarily desirable, the expectation is that the grade of A is awarded only to students whose work is truly exceptional, reflecting both content mastery and the ability to analyze and articulate that material. The grade of A would not be routinely expected, and the grades of B and C would be clearly denoted as appropriate to lesser degrees of content mastery as discussed above. The grade of C represents the lowest passing grade for majors, a D for non-majors, in undergraduate studies and a B denotes the lowest passing grade in the graduate programs.

Definition of Academic Rigor

UMGC defines academic rigor as the degree to which students demonstrate content mastery, application of critical thinking skills, and adherence to UMGC’s code of academic integrity.

This definition implies three components to academic rigor:

  1. content mastery, to include the subject matter of the course as well as mastery of those core curriculum goals established for the course (for example, information literacy, effective writing)
  2. application of critical-thinking skills, to include the degree to which the student can present and defend original thinking on the subject matter, including synthesis and analysis of key concepts
  3. academic integrity, to include the degree to which the student demonstrates academic honesty, as defined in UMGC’s code of academic integrity.

Students are expected to demonstrate content mastery while applying critical thinking skills (as demonstrated above.  The grade a student receives reflects academic rigor and one’s ability to demonstrate content mastery, critical thinking skills, and academic integrity.

All business classes require participation activities, found either in the online class discussion area or, in the case of hybrids, both the face to face class participation and online. Students are required to participate in all participation activities as they are detailed in the class assignment instructions and syllabus.

Grade Descriptions

 A Outstanding Performance excels far above established standards for university-level performance
B Superior Performance above-established standards
C Good Performance meets established standards
D Substandard Performance is below established standards
F Failure Performance does not meet minimum requirements

 

Late Assignment Policy

An explanation as to the late policy regarding each type of task within the class is as follows:

Participation/Discussions

Posts are due in accordance with the instructions and rubric found in the class. See classroom content/discussion area instructions for more detail.  READ THE RUBRIC for the number of days you must participate. THERE ARE NO MINIMUMS. 

No late submissions are accepted for a discussion activity. In the event of unforeseen circumstances (Noted Below) faculty have the discretion to determine if a student may make up the main post only. See grading guidelines for additional detail.

Documented Unforeseen Circumstances Include:

  • Uncontrollable catastrophic events (e.g. pandemic, vehicle or flight disasters)
  • Last-minute military deployment or fieldwork.
  • Last-minute emergency hospitalization of the student or immediate family member.
  • Catastrophic Weather-Related Incident resulting in lack of Internet access.
  • Death of an immediate family member.

Procedure for all extension requests:

First Step: The expectation is that a student contacts the instructor BEFORE the assignment is due if there is an extraordinary circumstance whenever possible.

Notifying the instructor does not guarantee an extension will be granted.

  • Students are expected to provide documentation for the excuse in all cases.
  • Present the reason needed for additional time.
  • Present all work completed on the assignment at the time of the request.  The instructor will provide an extension with a new due date of his or her choice or deny the request in writing.  The instructor will provide an email with a clear statement of extension or reasons for the denial. The student will acknowledge receipt of this email. No phone conversations or unclear responses will constitute an extension.

Should an extension be granted the following procedure must be followed:

  • If the assignment is not posted by the agreed-upon date provided for by the instructor, the student will receive a zero for the assignment. Faculty can make an exception if the student contacts the faculty member prior to the deadline. Acceptance of an extension is completely within the instructor’s discretion.
  • If a student posts incomplete work prior to the deadline and remains unfinished by the deadline, it is within the instructor’s discretion as to whether the incomplete work submitted will be graded.
  • Please note that there is no opportunity to turn in any work after the last day of class.

 

Extra Credit Policy

There is no opportunity for extra credit in this course.  As this is an eight-week course, it is important for you to focus your time on the required assignments, readings, and discussions. Do not neglect your assignments in hopes of completing extra credit at some future point in the course. That strategy will rarely be successful either in helping you manage your time or in enhancing your learning.

Authenticity

All grades are subject to verification of the authenticity of assignment(s) submitted for credit. This includes the final grade.

 Project Descriptions

COURSE REQUIREMENTS 

Weekly class participation, team project, a midterm exam, an essay paper, and a final exam are required submissions for this course.

Assignments should be well organized and should demonstrate the level of writing expected of college students at the 300 level.  Present your ideas as thoroughly as you can, providing examples and appropriate citations, (using the Publication Manual of the American Psychological Association, 7th edition). You must adhere to the page-length requirements identified for each assignment. Your writing style is very important, and you will be graded on this aspect of your work in such areas as organization, grammar, punctuation, etc.

Creative approaches, evidence of critical thinking, and detailed answers are required. If you disagree with the materials presented in the course, argue your point with verifiable examples and outside data, properly documented and cited. Remember that even paraphrased material requires proper citation (use APA format, both within the text and in your reference list). Post your assignments as an attachment in your assignment folder on or before the due date (use Word or an RTF file format). Late submissions are not accepted. Make a backup copy of your work in case you experience computer or network problems when you are uploading your assignment. Submitted assignments will be considered your final submission and submissions by email afterward will not be accepted.

Review and use the instructions and rubric for each assignment. Review the APA guidelines under Course Overview prior to submission. Check that all citations and references are correct and noted within your paper. Turnitin may be used to review each paper for plagiarism.

Class Participation (15 % of course grade)

Each student is expected to actively participate in the class discussions of the issues raised weekly. For online discussions, thoughtful, substantive input is given more weight than quantity. Responses reflecting additional research from trusted Internet sources (i.e., from recognized sources such as the Wall Street Journal and UMGC Web Databases) are particularly valued to enrich our learning experiences.

Homework assignments (20 % of course grade)

There will be 10 homework assignments assigned throughout the course. These are to be completed as individual work in the LEO. For all homework assignments you have two attempts. The highest of the two grades will be your grade on the quiz. See the course schedule for the timeline of these homework assignments.

In addition to the Homework assignments, there are several practice quizzes. These are for your practice, are not graded, and you have unlimited attempts on these quizzes.

Midterm Exam (15 % of course grade) and Final Exam (15% of course grade)

Both midterm and final exams will be given in the LEO. Exams will consist of multiple choice questions similar to those found in the homework.  There are two parts to both the midterm and the final.  Both parts must be answered and submitted. These exams must be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam. ***Late exam responses will not be accepted. There will be no makeup exams except for documented emergencies.***

Team Project (20% of course grade)

Students are expected to use and master Excel during their UMGC program.  Tutorials are available in the UMGC classrooms along expectations for basic competencies.

The teams will be assigned in Week 4 and will be due in Week 11. The Team Project gives students the opportunity to work on a real-world scenario related to decision making for financial managers. Team size will be determined by the number of enrolled students at the end of week 3. Students will coordinate and assign tasks to team members. This is an opportunity to further expand the abilities of the students to coordinate a project and work together to successfully meet deadlines.

In most cases all group members receive the same grade. However, occasionally, the professor may choose to assign different grades to each student based on their contribution to the project.

Essay (15 % of course grade)

Students should complete one of the essays described below. The essay is due in the individual’s Assignments Folder as indicated in the Course Guide/Schedule.

The essay should demonstrate a student’s ability to integrate and synthesize course concepts with selected readings to communicate his/her understanding of financial management concepts and their application in organizations.  The essay should also demonstrate a student’s ability to communicate as a manager. This includes proper writing style, organization, grammar, and spelling, as well as integration of course-related material. The writing style must follow the Publication Manual of the American Psychological Association , 6th edition. Citations for online sources should include the online address (URL) and access date as well as the citation for the specific reference.

Research for the paper may be conducted online using the UMGC online library as the primary source. Do not use abstracts, use full-text articles. Publications that may be relevant for the topics listed below include: Strategic Finance, The Journal of Business Finance and Accounting, CFO Magazine, Nonprofit World, Harvard Business Review, or other accounting and financial journals.

The paper should: 

  • Be based on your reading and research relevant to the topic.
  • Be 5 to 6 double-spaced pages, not including the title page, executive summary, appendices, exhibits, and references.
  • Include a one-page Executive Summary immediately following the title page that includes a statement of the major issue(s) and your conclusions and specific recommendations. The content of an Executive Summary is similar to an abstract.
  • Properly cite reference sources: these may include course material, information from magazines, journals, and online sources. All reference sources must have a publication date within the last fifteen years. Students who wish to use an older source publication should contact the instructor with the request and reason.

Essay Topics/Individual Research Paper: Select one of the following topics

1. Ratio and Financial Statement Analysis – Your essay should critically analyze the benefits and limitations of ratio analysis, explaining what factors impact the meaningfulness of such measures and what new practices or theories may be emerging regarding the application of ratio and financial statement analysis.   Emphasize practical applications and real-world use of ratios synthesizing your readings in published research or survey articles.

2. Challenges faced by Financial Managers in a Changing Economic Environment

Your essay should critically asses the challenges faced by financial managers due to changes in the macroeconomic environment and how these impact businesses operations. Emphasize how there are consequences related to changes in strategies and priorities and in the way the departments adjust.

3.  Financial Management Practices and Their Impact on Organizational Performance: 

Your essay should critically asses the relationship between organizational performance and financial management practices. These include capital structure decision, investment appraisal techniques, dividend policy, working capital management and financial performance assessment.

 

 

 

 Academic Policies

ACADEMIC INTEGRITY

University of Maryland Global Campus (UMGC) has adopted a Philosophy of Academic Integrity to guide the university’s commitment to a culture of academic integrity and authentic education encompassing a set of dispositions and behaviors that are socially beneficial, educationally critical, and professionally necessary.

All members of the University community must maintain the highest level of integrity across the academic experience. For students, intellectually honest academic work represents independent analysis, acknowledges all sources of information that contribute to the ideas being explored, and ensures the ability to engage in life and work authentically. Your instructor is your primary resource for how to uphold the highest ethical standards in the context of this course’s specific requirements.

Turnitin is enabled within the classroom to support the development and assessment of authentic student writing. To learn more about Turnitin, the feedback it provides, how to use feedback to improve your work, and your options regarding the inclusion of your work in the Turnitin database, visit University guides for Turnitin at sites.umgc.edu/library/libresources/turnitin.cfm and https://sites.umgc.edu/library/libresources/turnitin.cfm#studentcopyright.

Other Academic Integrity resources and guidelines are found at https://www.umgc.edu/current-students/learning-resources/academic-integrity/index.cfm.

CLASSROOM CIVILITY

Students are expected to work together cooperatively, and treat fellow students and faculty with respect, showing professionalism and courtesy in all interactions.  Please review the Code of Civility for more guidance on interacting in UMGC classrooms: https://www.umgc.edu/students/support/studentlife/conduct/code.cfm.

POLICIES AND GUIDELINES

UMGC is committed to ensuring that all individuals are treated equally according to Policy 040.30 Affirmative Action, Equal Opportunity, and Sexual Harassment.

Students with disabilities who need accommodations in a course are encouraged to contact the Office of Accessibility Services (OAS) at accessibilityservices@umgc.edu, or call 800-888-8682 or 240-684-2287.

The following academic policies and procedures apply to this course and your studies at UMGC.

150.25 Academic Integrity Policy The University expects all members of the university community—students, faculty, and staff—to use guidelines to work with and promote integrity. If you are aware of any academic misconduct, please contact integrity@umgc.edu. All cases of academic misconduct will be addressed in accordance with Policy 150.25 and associated procedures.

You are expected to engage in new learning that furthers your development of knowledge, skills, and abilities in each course. According to this policy, you may not submit a substantial portion of any coursework that you have submitted to any course previously without express written approval through assignment guidelines or other forms of communication.

You must use UMGC course materials responsibly. Uploading course materials to any website outside of UMGC’s online classroom is prohibited by this policy.

151.00 Code of Student Conduct
170.40

170.41

170.42

The following policies describe the requirements for the award of each degree:

Degree Completion Requirements for the Graduate School

Degree Completion Requirements for a Bachelor’s Degree

Degree Completion Requirements for an Associate’s Degree

170.71 Policy on Grade of Incomplete – The mark of I is exceptional and considered only for certain courses. Students who have completed 60% of their coursework with a grade of B or better for graduate courses or C or better for undergraduate courses and request an I before the end of the term. The mark of I is not available for noncredit courses.
170.72 Course Withdrawal Policy – Students must follow drop and withdrawal procedures and deadlines available at https://www.umgc.edu/ under Academic Calendar.
130.80 Procedures for Review of Alleged Arbitrary and Capricious Grading – appeals may be made on final course grades as described herein.
190.00 Intellectual Property  – All university faculty, staff, and students must comply with University guidelines on the use of copyrighted material. Uploading UMGC or faculty copyrighted material without authorization degrades and corrupts the integrity of the teaching and learning experience and is a potential violation of UMGC policy and copyright law. You must obtain permission to post UMGC or other’s copyrighted material to third-party websites, including social learning network sites. UMGC reserves the right to take appropriate action to remove copyrighted material uploaded without authorization.
205.06 Calculation Of Grade-Point Average (GPA) for Inclusion on Transcripts and Transcript Requests – Note: Undergraduate and graduate courses have different Grading Policies.  See Course Syllabus for Grading Policies.
270.00 Acceptable Use – The security of the online classroom is critical to ensuring a strong culture of academic integrity and authentic education at the University. It is a violation of the University’s policies for anyone to share logon, password, and any other secure information about a UMGC online account, including credentials required to access the online learning environment.

GRADING

According to UMGC’s grading policy, the following marks are used:

Undergraduate Graduate
A  90-100  90-100
B  80-89  80-89
C  70-79  70-79*
D  60-69  N/A**
F  59 or below  69 or below
FN  Failure-Non attendance  Failure-Non attendance
G  Grade Pending  Grade Pending
P  Passing  Passing
S  Satisfactory  Satisfactory
U  Unsatisfactory  Unsatisfactory
I  Incomplete  Incomplete
AU  Audit  Audit
W  Withdrew  Withdrew

* The grade of “B” represents the benchmark for graduate courses. Students must maintain a Grade Point Average (GPA) of 3.0 or higher. Classes where final grade of C or F places a student on Academic Probation must be repeated.
** UMGC does not award the grade of D in graduate courses.

COURSE EVALUATION SURVEY

UMGC values its students’ feedback. You will be asked to complete an online evaluation toward the end of the term. The primary purpose of this evaluation process is to assess the effectiveness of classroom instruction in order to provide the best learning experience possible and make continuous improvements to every class. Responses are kept confidential. Please take full advantage of this opportunity to provide your feedback.

LIBRARY SUPPORT

Extensive library resources and services are available online, 24 hours a day, seven days a week at https://sites.umgc.edu/library/index.cfm to support you in your studies.  The UMGC Library provides research assistance in creating search strategies, selecting relevant databases, and evaluating and citing resources in a variety of formats via its Ask a Librarian service at https://www.umgc.edu/library/libask/index.cfm.

EXTERNAL LINK DISCLAIMER

This course may contain links to external sites neither owned nor maintained by UMGC. UMGC bears no responsibility for the accuracy, legality, or content of external sites or for that of subsequent links. In addition, the terms of use, security policies, and privacy policies may differ from those of UMGC. Contact the external site for answers to questions regarding its content, terms of use, and policies.

LEARNING MANAGEMENT SYSTEM SUPPORT

Those requiring technical assistance can access Help@UMGC Support directly in LEO under the Help menu.  Additional technical support is available 24 hours a day, seven days a week via self-help and live chat at https://www.umgc.edu/help/ or by phone toll-free at 888-360-8682.

SYLLABUS CHANGES

All items on this syllabus are subject to change at the discretion of the Instructor and the Office of Academic Affairs.

 Class & Assignment Schedule

 

Course Schedule

Last Date for Withdrawal (W grade) is listed at:

https://www.umgc.edu/current-students/course-registration/academic-calendar/index.cfm

Session

Topic/Assignments

Week 1

Foundations of Financial Management

Foundations of Financial Management

Learning Topics:   The role of financial management, forms of business, goals of management, and profits vs. shareholder value.

Read: 

Assignments:

  • Post your personal Introduction to the discussion, respond to those of others.
  • Participate in the Discussion Topics.
  • Do the Session HW in LEO

 

Week 2

Financial Background: Review of Accounting & Taxes

Financial Background: Review of Accounting & Taxes

Learning Topics:   The nature of financial statements, and tax implications & calculations.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 3

Cash Flows and Financial Analysis

Cash Flows and Financial Analysis

Learning Topics:  Financial Statements and Ratio Analysis

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 4

The Time Value of Money

 

The Time Value of Money

Learning Topics:  Time Value of Money and Valuation.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 5

Risk & Return

Risk & Return

Learning Topics: Theories of Discount Rates.

Read:

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 6

Capital Budgeting

Capital Budgeting

Learning Topics:  How to decide which projects to accept and which to reject?

Read: 

Assignments:

  • Participate in the Discussion.
  • Do the Session HW in LEO
Week 7

 

 

Due: Midterm Exam in the LEO – Note: there are two parts to the midterm exam.  Both must be answered and submitted.
Remember: This exam has to be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam.
Week 8

Managerial Accounting

Managerial Accounting

Learning Topics: Introduction to Managerial Accounting  Purpose of managerial accounting vs. financial accounting.

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
  • Essay/Research Paper Due
Week 9

Cost-Volume-Profit Analysis

Cost-Volume-Profit Analysis

Learning Topics:   Activity based costing vs. traditional costing in allocating overhead costs.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 10

Cost Allocation & Activity Based Costing & Analyzing Cost Behaviors

Cost Allocation & Activity Based Costing & Analyzing Cost Behaviors

Learning Topics:   How costs respond to changes in activity, contribution margins, and break-even, and pricing.

Read:

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 11

Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing

Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing

Learning Topics: Costs, Profits and Pricing

Read: 

Assignments:

  • Do the Session HW in LEO
  • Participate in the Discussion Topics.
  • Team Project Due

 

Week 12

 

Due:  Final Exam in LEO – Note: there are two parts to the final exam.  Both must be answered and submitted.
Remember: This exam has to be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam.

 

Description

MGMT 640 9080 Financial Decision Making for Managers (2212)MGMT-640

 Course Description

Prerequisite: Knowledge of the fundamental concepts of financial accounting and economics, including opportunity cost, the time value of money, and financial analysis. An investigation of financial decision making in business, government, and not-for-profit organizations. Emphasis is on the application of financial and nonfinancial information to a wide range of management decisions, from product pricing and budgeting to project analysis and performance measurement. A variety of decision-making tools (such as break-even analysis, activity-based costing procedures, and discounted cash flow techniques) are studied. Contemporary managerial practices are explored.

 Course Introduction

Course information and key semester dates:

This is a 3-credit course.

There are 12 weeks in the semester.

MGMT 640 combines the study of financial accounting, finance, and managerial accounting into a concentrated one-semester course. Business organizations, both for-profit and non-profit, employ financial managers in a wide variety of roles to gather and report on company financial performance; direct investment decisions; implement cash management strategies; prepare budgets and establish operating performance measures; and participate in the development and implementation of long-term business strategies.

This course is an introduction to the management of a firm’s financial and operational resources. It is intended as a foundation-level course in corporate financial management for students pursuing the Master of Science in Management with specialization, or as a perquisite for students enrolled in the Financial Management and Accounting or Healthcare degree programs. Emphasis is placed on helping students gain an understanding of financial management principles within an overarching conceptual framework, before studying specific concepts in depth.

In addition to studying financial management concepts, students are required to learn and demonstrate basic competency in Excel as preparation for using this financial management tool in the work place and in future course work.

Students can purchase Excel at a discounted rate. Visit MyUMGC, My UMGC Resources, Microsoft Products. It is mandatory that by the end of the course students are able to use Excel to solve accounting and finance problems.

Students with little or no prior background in financial accounting, or those in need of a refresher, are strongly encouraged to take the non-credit course UCSP 620 Financial Accounting in order to gain an introductory understanding of financial statement analysis, the concepts of supply/demand, and monetary/ fiscal policy. This class provides a foundation upon which to build and facilitate your learning in MGMT 640. It is not recommended that you take this non-credit course simultaneously with MGMT 640. It is recommended that you take the UCSP class prior to taking MGMT 640 (if you need a refresher)

 Course Outcomes

By the end of the course students should be able to: 

  1. Critically assess the economic environment in which both public and private organizations operate.
  2. Perform a financial analysis of a for-profit firm using the organization’s financial statements and conducting a financial ratio analysis.
  3. Assess the relationship between return and risk in publicly traded firms.
  4. Apply discounted cash flow techniques to project analysis and decision making.
  5. Describe the role of financial decision making in relation to the overall management function in organizations.
  6. Analyze product mix and profitability decisions using activity-based costing.
  7. Compare alternative budgeting systems.
  8. Apply financial and non-financial information to both short-term and long-term management decisions in for-profit, non-profit and government organizations.
  9. Analyze the balanced scorecard approach as a way of measuring organizational performance.

 

 Class Guidelines

Contacting your Faculty Member

There are several ways to contact your faculty.

From within the LEO class:

You can use the Pager feature within the classroom to send a message to your faculty member.

Email:

You can also email your faculty directly from your own email (preferred manner of communication).

Phone:

Email is the preferred contact mode for faculty. If however, the matter is urgent you can request a phone call from the faculty member by email. Please understand that it is within the faculty member’s discretion as to how they wish to communicate with students.

Preparation

Take a tour of the classroom to help navigate through the classroom. Under Content, go to Overview. Be sure to review Course Resources where you will find resources:  Learning to Use APA and the Student Toolbox.

Go to Syllabus and read thoroughly so you will gain an understanding of the expectations of the course.  Under Syllabus and click on Faculty Bio to gain insight on your instructor.

Go to Week 1>>Introduce Yourself module.  Share information about yourself.

All the required readings are available in your LEO classroom.  Please begin each week by reading through the required materials and then participating in the discussion forums.  All students, both Online and Hybrid, are expected to participate in the discussion forums throughout the week.

Time on Task:

Students are expected to spend between 42 and 45 (16-19 hours per seven-day week) hours per credit hour on coursework for the semester.  For further explanation see Policy 160.00 – Credit Hour Definition .

Active participation is required in all online courses, and you should expect to log in to your online courses several times a week.

Absence from class does not excuse you from missed coursework. You are responsible for obtaining detailed information about missed class sessions, including their content, activities covered, and any announcements or assignments. Failure to complete any required coursework may adversely affect your grade. Teachers are not expected to repeat material that you missed because of your absence from class.

Classroom Management

Announcements – Students should make a habit of checking the class ANNOUNCEMENTS on a regular (daily) basis. This is where the instructor will advise the entire class of any changes to the syllabus, anticipated assignments, updates on grade postings and other items impacting the entire class.

Students are responsible for reading all assigned course material scheduled for the week.   The theme/topic will align with the reading assignments and the course outcomes.  Students will have the opportunity to demonstrate their mastery of the materials, and the course outcomes by their asynchronous participation in the discussion activities.  Research may be required, or students may enhance the discussion activities with research done on their own. Students receive feedback for participating in the discussion activities.

By completing the course assignments students also can demonstrate mastery of course outcomes, critical thinking, and application of course material as well as writing skills.  Requirements for each course assignment are described in detail within the course.  Grading rubrics are used to ensure objectivity and a common basis for grading across different sections of the course.  Students receive feedback for each graded assignment.

This course may be conducted as a hybrid course combining in-class and online instruction.  In-class sessions also provide an opportunity for students to demonstrate critical thinking, application of course material, and a mastery of course outcomes.   In-class activities may include guided discussions, debates, presentations, role-play, etc.

Discipline-Specific Requirements

  • First, the writing style guide required for the business administration and management studies discipline is the 7th (seventh) Edition of the Publication Manual of the American Psychological Association.  Students should use this edition as the guide for using in-text citations and a reference list in the business courses, the only elements students are expected to use other than understanding plagiarism.
  • Plagiarism has become an issue in not only major research assignments and papers, but also in the discussion activities.  Please review the UMGC Policy 150.25 – Academic Misconduct. Plagiarism will not be tolerated in any academic activity in the programs.
  • No work will be accepted after the last day of the semester without an approved Incomplete. The policy on Incomplete grades is found in the UMGC Policy 170.71 – Grade of Incomplete.  The form must be submitted to the faculty member.  The faculty member must come to the Program Chair who will review and provide approval or rejection.

Copyright Infringement

Students selling, exchanging or trading any materials used in this class (e.g. to include but not limited to case studies, learning or discussion activities, content etc.) would be in violation of copyright laws pertaining to the university’s intellectual property interests. All work promulgated by the university and found within the classroom is the property of the university.

 

APA Requirements

Under the Discipline Specific Requirements above, students are asked to adhere to the APA guidelines (7th edition as noted above).  Students are asked to follow these guidelines for the all work done in the course for the following reasons:

  • In business it is not enough to present one’s opinion.  Learning to support opinion or one’s findings brings validity to reasoning or a position taken.
  • Helps avoid plagiarism by demonstrating one’s integrity and skill as a responsible student.
  • Helps readers understand the context of the argument and provides a trail to locate the material cited;
  • Helps in the student’s learning process by drawing attention to the originality and legitimacy of one’s own ideas and work;
  • Provides evidence of research and demonstrates a student’s careful and thorough work put into locating and exploring sources;
  • Allows student to acknowledge those authors who contributed to learning;

Weekly Discussion Activities/Participation

In registering for a college course, a commitment to participate in course discussions as well as in other online activities was made.  Discussion activities are mandatory so please plan to participate regularly.  Participation requires active reflection on weekly readings and other course material to develop original ideas in the responses.  If a student is not present for the discussion, the discussion cannot be made up.  If there is an extraordinary unforeseen circumstance that prevents student from submitting work it is within the faculty member’s discretion to let a student make up the main assignment response only. Reasonable documentation of that circumstance is required.  Since the discussion activities involve a discussion aspect, responses to classmates and frequency on the grading rubric cannot be made up after the end of the week.

It is important to note that students will receive a participation grade based on the participation rubric and instructions provided in the classroom.  Students are graded on several criteria:  1) Evidence of critical thinking (analysis, synthesis, evaluation and reflection) of class reading material and discussion; 2) Responses to classmates and instructor reflect a substantive understanding of course material; 3) Relevance of participation to topic under discussion; 4) Writing mechanics and APA usage. 5) In the case of participation activities where instructions allow for relaxed APA usage, instructors still require the use of the class material to support conclusions and ideas presented in all posts. Instructors, therefore, reserve the right to deduct points for opinion driven responses where no visible material support is demonstrated.  Students should not expect full credit grades based on the number of responses made within a discussion.

If taking a hybrid course, students are expected to participate in onsite activities as well as participate in online discussions. If an onsite class is cancelled due to weather conditions or unforeseen circumstances, the planned scheduled activities will move to the online class. 

It is highly suggested that students register for My Alerts at:

https://alert.umgc.edu/index.php?CCheck=1

 

What is a substantive comment in an online discussion activity?

Please note that both quantity and quality are important considerations when it comes to participation.  A comment which says simply “I agree,” for example, would not constitute participation since it does not add anything of substance to the discussion activity.  Additionally, agreeing and repeating what someone else wrote does not constitute participation.  Feel free to agree or disagree but please give reasons to support your position.  Students are expected to add substantially to the discussion presenting new ideas, your perspectives (supported), pointed follow-up questions, etc.  You will find it’s much easier to keep up with an online class if you are logging in and participating regularly.  Some of the characteristics of effective class participation follow:

  • Is the information posted relevant to the discussion in terms of increasing everyone’s understanding of the topic or are students merely regurgitation of case facts?
  • Do the comments take into consideration the ideas offered by others earlier in the class or are the points isolated and disjointed?
  • The best contributions to our weekly discussions tend to be those that are excellently prepared, demonstrate reflection, listening and interpretive skills.
  • Do your comments show evidence of thorough reading and analysis?
  • Does the participant distinguish among different kinds of data: that is, facts, opinions, assumptions, and inferences?
  • Is there a willingness to test new ideas or are all comments cautious/”safe”?
  • Is the participant willing to interact with other class members by asking questions or challenging conclusions?

You are expected to adhere to the general rules of online etiquette.   The following provides a set of online etiquette general rules: http://achievevirtual.org/7-rules-for-online-etiquette/

What is critical thinking?

At UMGC critical thinking is central to learning as students prepare for success in the outside world.   When asked, employers list critical thinking at the top of the list for skills they expect new hires to possess.

Critical thinking requires the use of mental processes of understanding and reasoning, analysis and evaluation but it is also about how one approaches an issue or question.

According to Good (2005) critical thinking is “typically associated with solving complex real world problems, generating multiple (or creative) solutions to a problem, drawing inferences, synthesizing and integrating information, distinguishing between fact and opinion, or estimating potential outcomes, but it can also refer to the process of evaluating the quality of one’s own thinking.”

Reference:

Good, R. (2005, June).  Role of critical thinking in online education.  Retrieved from http://www.masternewmedia.org/education/critical_thinking/educational_role_of_critical_thinking.htm

When students are asked to provide “what you think,” the expectation is that students support with the readings or the literature why you think what you do.  Therefore, using phrases such as “I think,” “I feel,” “In my opinion,” and “I believe” have to be supported with the readings/literature.

 

 

 Grading Information

COURSE REQUIREMENTS 

10 homework assignments, participation in class discussions, a midterm exam, an essay paper, a group project, and a final exam are required submissions for this course.

The following assignment chart shows the graded deliverables for this class. Grades will be apportioned as shown. More detailed descriptions of assignments are available below and from the assignment links in the chart. Due dates are detailed in the Course Guide/Schedule at the bottom of the page.

Assignment ( % of Grade)

Class Participation

15%

Homework

20%

Midterm Exam – Note: there are two parts to the midterm exam.  Both must be answered and submitted.

15%

Essay

15%

Team Project

20%

Final Exam – Note: there are two parts to the final exam.  Both must be answered and submitted.

15%

Total

100%

Grading Philosophy

Grades are assigned based solely on performance and not on prevailing students’ expectations, perceptions of their performance, or level of effort.  The grading standards are developed based on course outcomes and reflect the appropriate level of content mastery, including the subject matter as well as core curriculum components deemed appropriate, such as effective writing and information literacy.

Although a bell curve may not always be achieved nor necessarily desirable, the expectation is that the grade of A is awarded only to students whose work is truly exceptional, reflecting both content mastery and the ability to analyze and articulate that material. The grade of A would not be routinely expected, and the grades of B and C would be clearly denoted as appropriate to lesser degrees of content mastery as discussed above. The grade of C represents the lowest passing grade for majors, a D for non-majors, in undergraduate studies and a B denotes the lowest passing grade in the graduate programs.

Definition of Academic Rigor

UMGC defines academic rigor as the degree to which students demonstrate content mastery, application of critical thinking skills, and adherence to UMGC’s code of academic integrity.

This definition implies three components to academic rigor:

  1. content mastery, to include the subject matter of the course as well as mastery of those core curriculum goals established for the course (for example, information literacy, effective writing)
  2. application of critical-thinking skills, to include the degree to which the student can present and defend original thinking on the subject matter, including synthesis and analysis of key concepts
  3. academic integrity, to include the degree to which the student demonstrates academic honesty, as defined in UMGC’s code of academic integrity.

Students are expected to demonstrate content mastery while applying critical thinking skills (as demonstrated above.  The grade a student receives reflects academic rigor and one’s ability to demonstrate content mastery, critical thinking skills, and academic integrity.

All business classes require participation activities, found either in the online class discussion area or, in the case of hybrids, both the face to face class participation and online. Students are required to participate in all participation activities as they are detailed in the class assignment instructions and syllabus.

Grade Descriptions

 A Outstanding Performance excels far above established standards for university-level performance
B Superior Performance above-established standards
C Good Performance meets established standards
D Substandard Performance is below established standards
F Failure Performance does not meet minimum requirements

 

Late Assignment Policy

An explanation as to the late policy regarding each type of task within the class is as follows:

Participation/Discussions

Posts are due in accordance with the instructions and rubric found in the class. See classroom content/discussion area instructions for more detail.  READ THE RUBRIC for the number of days you must participate. THERE ARE NO MINIMUMS. 

No late submissions are accepted for a discussion activity. In the event of unforeseen circumstances (Noted Below) faculty have the discretion to determine if a student may make up the main post only. See grading guidelines for additional detail.

Documented Unforeseen Circumstances Include:

  • Uncontrollable catastrophic events (e.g. pandemic, vehicle or flight disasters)
  • Last-minute military deployment or fieldwork.
  • Last-minute emergency hospitalization of the student or immediate family member.
  • Catastrophic Weather-Related Incident resulting in lack of Internet access.
  • Death of an immediate family member.

Procedure for all extension requests:

First Step: The expectation is that a student contacts the instructor BEFORE the assignment is due if there is an extraordinary circumstance whenever possible.

Notifying the instructor does not guarantee an extension will be granted.

  • Students are expected to provide documentation for the excuse in all cases.
  • Present the reason needed for additional time.
  • Present all work completed on the assignment at the time of the request.  The instructor will provide an extension with a new due date of his or her choice or deny the request in writing.  The instructor will provide an email with a clear statement of extension or reasons for the denial. The student will acknowledge receipt of this email. No phone conversations or unclear responses will constitute an extension.

Should an extension be granted the following procedure must be followed:

  • If the assignment is not posted by the agreed-upon date provided for by the instructor, the student will receive a zero for the assignment. Faculty can make an exception if the student contacts the faculty member prior to the deadline. Acceptance of an extension is completely within the instructor’s discretion.
  • If a student posts incomplete work prior to the deadline and remains unfinished by the deadline, it is within the instructor’s discretion as to whether the incomplete work submitted will be graded.
  • Please note that there is no opportunity to turn in any work after the last day of class.

 

Extra Credit Policy

There is no opportunity for extra credit in this course.  As this is an eight-week course, it is important for you to focus your time on the required assignments, readings, and discussions. Do not neglect your assignments in hopes of completing extra credit at some future point in the course. That strategy will rarely be successful either in helping you manage your time or in enhancing your learning.

Authenticity

All grades are subject to verification of the authenticity of assignment(s) submitted for credit. This includes the final grade.

 Project Descriptions

COURSE REQUIREMENTS 

Weekly class participation, team project, a midterm exam, an essay paper, and a final exam are required submissions for this course.

Assignments should be well organized and should demonstrate the level of writing expected of college students at the 300 level.  Present your ideas as thoroughly as you can, providing examples and appropriate citations, (using the Publication Manual of the American Psychological Association, 7th edition). You must adhere to the page-length requirements identified for each assignment. Your writing style is very important, and you will be graded on this aspect of your work in such areas as organization, grammar, punctuation, etc.

Creative approaches, evidence of critical thinking, and detailed answers are required. If you disagree with the materials presented in the course, argue your point with verifiable examples and outside data, properly documented and cited. Remember that even paraphrased material requires proper citation (use APA format, both within the text and in your reference list). Post your assignments as an attachment in your assignment folder on or before the due date (use Word or an RTF file format). Late submissions are not accepted. Make a backup copy of your work in case you experience computer or network problems when you are uploading your assignment. Submitted assignments will be considered your final submission and submissions by email afterward will not be accepted.

Review and use the instructions and rubric for each assignment. Review the APA guidelines under Course Overview prior to submission. Check that all citations and references are correct and noted within your paper. Turnitin may be used to review each paper for plagiarism.

Class Participation (15 % of course grade)

Each student is expected to actively participate in the class discussions of the issues raised weekly. For online discussions, thoughtful, substantive input is given more weight than quantity. Responses reflecting additional research from trusted Internet sources (i.e., from recognized sources such as the Wall Street Journal and UMGC Web Databases) are particularly valued to enrich our learning experiences.

Homework assignments (20 % of course grade)

There will be 10 homework assignments assigned throughout the course. These are to be completed as individual work in the LEO. For all homework assignments you have two attempts. The highest of the two grades will be your grade on the quiz. See the course schedule for the timeline of these homework assignments.

In addition to the Homework assignments, there are several practice quizzes. These are for your practice, are not graded, and you have unlimited attempts on these quizzes.

Midterm Exam (15 % of course grade) and Final Exam (15% of course grade)

Both midterm and final exams will be given in the LEO. Exams will consist of multiple choice questions similar to those found in the homework.  There are two parts to both the midterm and the final.  Both parts must be answered and submitted. These exams must be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam. ***Late exam responses will not be accepted. There will be no makeup exams except for documented emergencies.***

Team Project (20% of course grade)

Students are expected to use and master Excel during their UMGC program.  Tutorials are available in the UMGC classrooms along expectations for basic competencies.

The teams will be assigned in Week 4 and will be due in Week 11. The Team Project gives students the opportunity to work on a real-world scenario related to decision making for financial managers. Team size will be determined by the number of enrolled students at the end of week 3. Students will coordinate and assign tasks to team members. This is an opportunity to further expand the abilities of the students to coordinate a project and work together to successfully meet deadlines.

In most cases all group members receive the same grade. However, occasionally, the professor may choose to assign different grades to each student based on their contribution to the project.

Essay (15 % of course grade)

Students should complete one of the essays described below. The essay is due in the individual’s Assignments Folder as indicated in the Course Guide/Schedule.

The essay should demonstrate a student’s ability to integrate and synthesize course concepts with selected readings to communicate his/her understanding of financial management concepts and their application in organizations.  The essay should also demonstrate a student’s ability to communicate as a manager. This includes proper writing style, organization, grammar, and spelling, as well as integration of course-related material. The writing style must follow the Publication Manual of the American Psychological Association , 6th edition. Citations for online sources should include the online address (URL) and access date as well as the citation for the specific reference.

Research for the paper may be conducted online using the UMGC online library as the primary source. Do not use abstracts, use full-text articles. Publications that may be relevant for the topics listed below include: Strategic Finance, The Journal of Business Finance and Accounting, CFO Magazine, Nonprofit World, Harvard Business Review, or other accounting and financial journals.

The paper should: 

  • Be based on your reading and research relevant to the topic.
  • Be 5 to 6 double-spaced pages, not including the title page, executive summary, appendices, exhibits, and references.
  • Include a one-page Executive Summary immediately following the title page that includes a statement of the major issue(s) and your conclusions and specific recommendations. The content of an Executive Summary is similar to an abstract.
  • Properly cite reference sources: these may include course material, information from magazines, journals, and online sources. All reference sources must have a publication date within the last fifteen years. Students who wish to use an older source publication should contact the instructor with the request and reason.

Essay Topics/Individual Research Paper: Select one of the following topics

1. Ratio and Financial Statement Analysis – Your essay should critically analyze the benefits and limitations of ratio analysis, explaining what factors impact the meaningfulness of such measures and what new practices or theories may be emerging regarding the application of ratio and financial statement analysis.   Emphasize practical applications and real-world use of ratios synthesizing your readings in published research or survey articles.

2. Challenges faced by Financial Managers in a Changing Economic Environment

Your essay should critically asses the challenges faced by financial managers due to changes in the macroeconomic environment and how these impact businesses operations. Emphasize how there are consequences related to changes in strategies and priorities and in the way the departments adjust.

3.  Financial Management Practices and Their Impact on Organizational Performance: 

Your essay should critically asses the relationship between organizational performance and financial management practices. These include capital structure decision, investment appraisal techniques, dividend policy, working capital management and financial performance assessment.

 

 

 

 Academic Policies

ACADEMIC INTEGRITY

University of Maryland Global Campus (UMGC) has adopted a Philosophy of Academic Integrity to guide the university’s commitment to a culture of academic integrity and authentic education encompassing a set of dispositions and behaviors that are socially beneficial, educationally critical, and professionally necessary.

All members of the University community must maintain the highest level of integrity across the academic experience. For students, intellectually honest academic work represents independent analysis, acknowledges all sources of information that contribute to the ideas being explored, and ensures the ability to engage in life and work authentically. Your instructor is your primary resource for how to uphold the highest ethical standards in the context of this course’s specific requirements.

Turnitin is enabled within the classroom to support the development and assessment of authentic student writing. To learn more about Turnitin, the feedback it provides, how to use feedback to improve your work, and your options regarding the inclusion of your work in the Turnitin database, visit University guides for Turnitin at sites.umgc.edu/library/libresources/turnitin.cfm and https://sites.umgc.edu/library/libresources/turnitin.cfm#studentcopyright.

Other Academic Integrity resources and guidelines are found at https://www.umgc.edu/current-students/learning-resources/academic-integrity/index.cfm.

CLASSROOM CIVILITY

Students are expected to work together cooperatively, and treat fellow students and faculty with respect, showing professionalism and courtesy in all interactions.  Please review the Code of Civility for more guidance on interacting in UMGC classrooms: https://www.umgc.edu/students/support/studentlife/conduct/code.cfm.

POLICIES AND GUIDELINES

UMGC is committed to ensuring that all individuals are treated equally according to Policy 040.30 Affirmative Action, Equal Opportunity, and Sexual Harassment.

Students with disabilities who need accommodations in a course are encouraged to contact the Office of Accessibility Services (OAS) at accessibilityservices@umgc.edu, or call 800-888-8682 or 240-684-2287.

The following academic policies and procedures apply to this course and your studies at UMGC.

150.25 Academic Integrity Policy The University expects all members of the university community—students, faculty, and staff—to use guidelines to work with and promote integrity. If you are aware of any academic misconduct, please contact integrity@umgc.edu. All cases of academic misconduct will be addressed in accordance with Policy 150.25 and associated procedures.

You are expected to engage in new learning that furthers your development of knowledge, skills, and abilities in each course. According to this policy, you may not submit a substantial portion of any coursework that you have submitted to any course previously without express written approval through assignment guidelines or other forms of communication.

You must use UMGC course materials responsibly. Uploading course materials to any website outside of UMGC’s online classroom is prohibited by this policy.

151.00 Code of Student Conduct
170.40

170.41

170.42

The following policies describe the requirements for the award of each degree:

Degree Completion Requirements for the Graduate School

Degree Completion Requirements for a Bachelor’s Degree

Degree Completion Requirements for an Associate’s Degree

170.71 Policy on Grade of Incomplete – The mark of I is exceptional and considered only for certain courses. Students who have completed 60% of their coursework with a grade of B or better for graduate courses or C or better for undergraduate courses and request an I before the end of the term. The mark of I is not available for noncredit courses.
170.72 Course Withdrawal Policy – Students must follow drop and withdrawal procedures and deadlines available at https://www.umgc.edu/ under Academic Calendar.
130.80 Procedures for Review of Alleged Arbitrary and Capricious Grading – appeals may be made on final course grades as described herein.
190.00 Intellectual Property  – All university faculty, staff, and students must comply with University guidelines on the use of copyrighted material. Uploading UMGC or faculty copyrighted material without authorization degrades and corrupts the integrity of the teaching and learning experience and is a potential violation of UMGC policy and copyright law. You must obtain permission to post UMGC or other’s copyrighted material to third-party websites, including social learning network sites. UMGC reserves the right to take appropriate action to remove copyrighted material uploaded without authorization.
205.06 Calculation Of Grade-Point Average (GPA) for Inclusion on Transcripts and Transcript Requests – Note: Undergraduate and graduate courses have different Grading Policies.  See Course Syllabus for Grading Policies.
270.00 Acceptable Use – The security of the online classroom is critical to ensuring a strong culture of academic integrity and authentic education at the University. It is a violation of the University’s policies for anyone to share logon, password, and any other secure information about a UMGC online account, including credentials required to access the online learning environment.

GRADING

According to UMGC’s grading policy, the following marks are used:

Undergraduate Graduate
A  90-100  90-100
B  80-89  80-89
C  70-79  70-79*
D  60-69  N/A**
F  59 or below  69 or below
FN  Failure-Non attendance  Failure-Non attendance
G  Grade Pending  Grade Pending
P  Passing  Passing
S  Satisfactory  Satisfactory
U  Unsatisfactory  Unsatisfactory
I  Incomplete  Incomplete
AU  Audit  Audit
W  Withdrew  Withdrew

* The grade of “B” represents the benchmark for graduate courses. Students must maintain a Grade Point Average (GPA) of 3.0 or higher. Classes where final grade of C or F places a student on Academic Probation must be repeated.
** UMGC does not award the grade of D in graduate courses.

COURSE EVALUATION SURVEY

UMGC values its students’ feedback. You will be asked to complete an online evaluation toward the end of the term. The primary purpose of this evaluation process is to assess the effectiveness of classroom instruction in order to provide the best learning experience possible and make continuous improvements to every class. Responses are kept confidential. Please take full advantage of this opportunity to provide your feedback.

LIBRARY SUPPORT

Extensive library resources and services are available online, 24 hours a day, seven days a week at https://sites.umgc.edu/library/index.cfm to support you in your studies.  The UMGC Library provides research assistance in creating search strategies, selecting relevant databases, and evaluating and citing resources in a variety of formats via its Ask a Librarian service at https://www.umgc.edu/library/libask/index.cfm.

EXTERNAL LINK DISCLAIMER

This course may contain links to external sites neither owned nor maintained by UMGC. UMGC bears no responsibility for the accuracy, legality, or content of external sites or for that of subsequent links. In addition, the terms of use, security policies, and privacy policies may differ from those of UMGC. Contact the external site for answers to questions regarding its content, terms of use, and policies.

LEARNING MANAGEMENT SYSTEM SUPPORT

Those requiring technical assistance can access Help@UMGC Support directly in LEO under the Help menu.  Additional technical support is available 24 hours a day, seven days a week via self-help and live chat at https://www.umgc.edu/help/ or by phone toll-free at 888-360-8682.

SYLLABUS CHANGES

All items on this syllabus are subject to change at the discretion of the Instructor and the Office of Academic Affairs.

 Class & Assignment Schedule

 

Course Schedule

Last Date for Withdrawal (W grade) is listed at:

https://www.umgc.edu/current-students/course-registration/academic-calendar/index.cfm

Session

Topic/Assignments

Week 1

Foundations of Financial Management

Foundations of Financial Management

Learning Topics:   The role of financial management, forms of business, goals of management, and profits vs. shareholder value.

Read: 

Assignments:

  • Post your personal Introduction to the discussion, respond to those of others.
  • Participate in the Discussion Topics.
  • Do the Session HW in LEO

 

Week 2

Financial Background: Review of Accounting & Taxes

Financial Background: Review of Accounting & Taxes

Learning Topics:   The nature of financial statements, and tax implications & calculations.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 3

Cash Flows and Financial Analysis

Cash Flows and Financial Analysis

Learning Topics:  Financial Statements and Ratio Analysis

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 4

The Time Value of Money

 

The Time Value of Money

Learning Topics:  Time Value of Money and Valuation.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 5

Risk & Return

Risk & Return

Learning Topics: Theories of Discount Rates.

Read:

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 6

Capital Budgeting

Capital Budgeting

Learning Topics:  How to decide which projects to accept and which to reject?

Read: 

Assignments:

  • Participate in the Discussion.
  • Do the Session HW in LEO
Week 7

 

 

Due: Midterm Exam in the LEO – Note: there are two parts to the midterm exam.  Both must be answered and submitted.
Remember: This exam has to be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam.
Week 8

Managerial Accounting

Managerial Accounting

Learning Topics: Introduction to Managerial Accounting  Purpose of managerial accounting vs. financial accounting.

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
  • Essay/Research Paper Due
Week 9

Cost-Volume-Profit Analysis

Cost-Volume-Profit Analysis

Learning Topics:   Activity based costing vs. traditional costing in allocating overhead costs.

Read: 

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 10

Cost Allocation & Activity Based Costing & Analyzing Cost Behaviors

Cost Allocation & Activity Based Costing & Analyzing Cost Behaviors

Learning Topics:   How costs respond to changes in activity, contribution margins, and break-even, and pricing.

Read:

Assignments:

  • Participate in the Discussion Topics.
  • Do the Session HW in LEO
Week 11

Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing

Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing

Learning Topics: Costs, Profits and Pricing

Read: 

Assignments:

  • Do the Session HW in LEO
  • Participate in the Discussion Topics.
  • Team Project Due

 

Week 12

 

Due:  Final Exam in LEO – Note: there are two parts to the final exam.  Both must be answered and submitted.
Remember: This exam has to be attempted at one go. You cannot login to the exam, then leave and come back later. Once you have logged in, you have 3 hours to complete. After 3 hours the exam will end. You have only ONE attempt for the exam.

 

 

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