040084A财务管理学教学大纲Word文档下载推荐.docx

040084A财务管理学教学大纲Word文档下载推荐.docx

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Financialmanagementemphasizesonthemajordecisionsmadebyfinancialexecutivesofanorganization.Topicsintroducedinthiscourseincludethefollowing:

•Financialplanning

•Workingcapitalmanagement

•Capitalbudgeting

•Strategicdecisionmaking

•Costofcapital

•Securityvaluation

二、教学基本要求

1.TeachingRequirements

Firstly,alearningbridgebetweentheoryandpracticeshouldbebuilt.Whileteaching,teachersshouldemphasizeonthefinancialtheoriesandtheroleinguidingpractice.Theabilityofusingtheoryknowledgetoanalysistypicalfinancialcasesandsolvepracticalproblemsshouldbetrained.Thirdly,avarietyofteachingmethodsshouldbeused.Theoryteachingshouldcombinewithcasestudyandclassroomteachingshouldcombinewithstudents’self-study.Variouslearningmethodsareencouragedtobeadoptedtohelpstudentstoconsolidatethelearnedknowledge.

2.SelectionPrinciplesofTeachingMaterials

ThecontentofteachingmaterialsshouldcoverthemainpointsandbasicmethodsofcorporatefinanceandtheframeworkofteachingmaterialsshouldbeuniversallyacceptedinChina.However,theframeworkoftheteachingmaterialsshouldbestrictinstructureandhaveaclearlogicrelationship.Whileexplainingthebasictheoriesandmethodsoffinance,theteachingmaterialsshouldcombinethosetheorieswithpracticetoconformthetrend.Thelatestdevelopmentofcorporatefinanceshouldalsobeincludedintheteachingmaterials.

3.TeachingMethodandGrades

TeachingMethod:

Whileteaching,thekeypointsshouldbefocusedanddifficultpointsshouldbetaughtclearly.Modernmeansofteachingareencouragedtobeused.Exercisesareusedtohelpstudentstoprepareandreviewthelessons.Extranewspapers,magazinesandwebsiteshouldbeprovided,andstudentsareencouragedtousethesechannelstocollectinformationcombinedwiththeoryprincipleslearnedintheclasstoanalyzeandsolvepracticalproblems.Homeworkarerequiredtobecompletedbyindividualsordiscussedingroupsaccordingtothedifficultyoftheproblems.

Grades:

Homeworkandtestinclassroom:

30%;

FinalExamination:

70%.

三、各教学环节学时分配

教学课时分配

Chapter

Content

Lecture

Experiment

Others

Total

1

TheRoleofFinancialManagement

2

TheBusiness,TaxandFinancialEnvironment

3

TheTimeValueofMoney

TheValuationofLong-TermSecurities

5

RiskandReturn

6

FinancialStatementAnalysis

Case1　

7

FundsAnalysis,Cash-FlowAnalysis,andFinancialPlanning

8

OverviewofWorkingCapitalManagement

9

CashandMarketableSecuritiesManagement

10

AccountsReceivableandInventoryManagement

11

Short-TermFinancing

12

CapitalBudgetingandEstimatingCashFlows

13

CapitalBudgetingTechniques

Case2　

14

RiskandManagerialOptionsinCapitalBudgeting

15

RequiredReturnandtheCostofCapital

16

OperatingandFinancialLeverage

17

CapitalStructureDetermination

Case3　

18

DividendPolicy

19

TheCapitalMarket

20

Long-TermDebt,PreferredStock,andCommonStock

21

TermLoansandLeases

22

Convertibles,Exchangeables,andWarrants

23

MergersandOtherFormsofCorporateRestructuring

24

InternationalFinancialManagement

64

四、教学内容

Part1IntroductionofFinancialManagement

Chapter1TheRoleofFinancialManagement

WhatisFinancialManagement?

TheGoaloftheFirm

CorporateGovernance

OrganizationoftheFinancialManagementFunction

KeyLearningPoints：

Objectives：

AfterStudyingChapter1,youshouldbeableto:

Explainwhytheroleofthefinancialmanagertodayissoimportant.Describe"

financialmanagement"

intermsofthethreemajordecisionareasthatconfrontthefinancialmanager.Identifythegoalofthefirmandunderstandwhyshareholders'

wealthmaximizationispreferredoverothergoals.Understandthepotentialproblemsarisingwhenmanagementofthecorporationandownershipareseparated（i.e.,agencyproblems）.Demonstrateanunderstandingofcorporategovernance.Discusstheissuesunderlyingsocialresponsibilityofthefirm.Understandthebasicresponsibilitiesoffinancialmanagersandthedifferencesbetweena"

treasurer"

anda"

controller."

Questions：

1.Ifallcompanieshadanobjectiveofmaximizingshareholderwealth,wouldpeopleover-alltendtobebetterorworseoff?

2.Contrasttheobjectiveofmaximizingearningswiththatofmaximizingwealth.

3.Whatisfinancialmanagementallabout?

4.Explainwhyjudgingtheefficiencyofanyfinancialdecisionrequirestheexistenceofagoal?

5.Whatarethethreemajorfunctionofthefinancialmanager?

Howaretheyrelated?

6.Shouldthemanagersofacompanyownsizableamountsofcommonstockinthecompany?

Whyaretheprosandcons?

7.Asaninvestor,doyouthinkthatsomemanagersarepaidtoomuch?

Dotheirrewardscomeatyourexpense?

8.Howdoesthenotionofriskandrewardgovernthebehavioroffinancialmanagers?

9.Whatiscorporategovernance?

Whatroledoesacorporation’sboardofdirectorsplayincorporategovernance?

10.Compareandcontrasttherolethatafirm’streasurerandcontrollerhaveintheoperationofthefirm.

Chapter2TheBusiness,Tax,andFinancialEnvironments

TheBusinessEnvironment

TheTaxEnvironment

TheFinancialEnvironment

AfterStudyingChapter2,youshouldbeableto:

DescribethefourbasicformsofbusinessorganizationintheUnitedStates–andtheadvantagesanddisadvantagesofeach.Understandhowtocalculateacorporation'

staxableincomeandhowtodeterminethecorporatetaxrate-bothaverageandmarginal.Understandvariousmethodsofdepreciation.Understandwhyacquiringassetsthroughtheuseofdebtfinancingoffersataxadvantageoverbothcommonandpreferredstockfinancing.Describethepurposeandmakeupoffinancialmarkets.Demonstrateanunderstandingofhowletterratingsofthemajorratingagencieshelpyoutojudgeasecurity’sdefaultrisk.Understandwhatismeantbytheterm“termstructureofinterestrates”andrelateittoa“yieldcurve.”

1.Whatistheprincipaladvantageofthecorporateformofbusinessorganization?

Discusstheimportanceofthisadvantagetotheownerofasmallfamilyrestaurant.Discusstheimportanceofthisadvantagetoawealthyentrepreneurwhoownsseveralbusinesses.

2.Whataresomeofthedisadvantagesof（a）asoleproprietorship?

（b）apartnership?

（c）alimitedliabilitycompany（LLC）?

3.Areindividualtaxratesprogressiveorregressiveinthesenseofincreasingordecreasingwithincomelevels?

4.Themethodofdepreciationdoesnotalterthetotalamountdeductedfromincomeduringthelifeofanasset.Whatdoesitalterandwhyisthatimportant?

5.Whatisthepurposeoffinancialmarkets?

Howcanthispurposebeaccomplishedefficiently?

6.Whatismeantbymakingthefinancialmarketsmoreefficient?

Morecomplete?

7.Pickafinancialintermediarywithwhichyouarefamiliarandexplainitseconomicrole.Doesitmakethefinancialmarketmoreefficient?

8.Howdotransactioncostsaffecttheflowoffundsandtheefficiencyoffinancialmarkets?

9.Whatarethemajorsourcesofexternalfinancingforbusinessfirms?

10.Inadditiontofinancialintermediaries,whatotherinstitutionsandarrangementsfacilitatetheflowoffundstoandfrombusinessfirms?

Part2Valuation

Chapter3TheTimeValueofMoney

TheInterestRate

SimpleInterest

CompoundInterest

AmortizingaLoan

CompoundingMoreThanOnceperYear

AfterStudyingChapter3,youshouldbeableto:

Understandwhatismeantby"

thetimevalueofmoney."

Understandtherelationshipbetweenpresentandfuturevalue.Describehowtheinterestratecanbeusedtoadjustthevalueofcashflows–bothforwardandbackward–toasinglepointintime.Calculateboththefutureandpresentvalueof:

（a）anamountinvestedtoday;

（b）astreamofequalcashflows（anannuity）;

and（c）astreamofmixedcashflows.Distinguishbetweenan“ordinaryannuity”andan“annuitydue.”Useinterestfactortablesandunderstandhowtheyprovideashortcuttocalculatingpresentandfuturevalues.Useinterestfactortablestofindanunknowninterestrateorgrowthratewhenthenumberoftimeperiodsandfutureandpresentvaluesareknown.Buildan“amortizationschedule”foraninstallment-styleloan.

1.Whatissimpleinterest?

2.Whatiscompoundinterest?

Whyisitimportant?

3.Whatkindsofpersonalfinancialdecisionshaveyoumadethatinvolvecompoundinterest?

4.Whatisanannuity?

Isanannuityworthmoreorlessthanalumpsumpaymentreceivednowthatwouldbeequaltothesumofallthefutureannuitypayment?

5.Whattypeofcompoundingwouldyoupreferinyoursavingsaccount?

Why?

6.Contrastthecalculationoffuture（terminal）valuewi