What is the objective of the “executive level financial report” to the CFO of an electronic components manufacturer?

  

Full details about the course is in attachment.below is what you need to do.
—- FINANCIAL RESEARCH PROJECT ——-about Under ArmourConcourse | FINC 330 5125 Business FinanceThis report should be about 10 double-spaced typewritten pages (without tables and graphs).Concourse | FINC 330 5125 Business FinanceThe
Research Report must be posted to the LEO Student Assignments as a
Attachments are limited to a maximum two files in doc, docx., xls.
xlsx., or rtf. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be
reviewed and graded.If these formats are not available, use the following option:File
– Save As – in the bottom of the window for saving file you see “save
as type” – choose type Rich Text Format for doc. file, and previous
option of Excel for Excel file.Pdf. files will not be accepted and graded.All works must be Word processed. Handwritten and scanned work will not be accepted and graded.This
Written Assignment is valued at 20% of your final course grade. This
report will require (1) financial data research, (2) the application of a
wide range of financial theories, and (3) quantitative analysis to
prepare a professionally-sound and supported recommendation. The report
will be evaluated based on the following three factors:-30%—-The quality of the supporting research and references.–50%—-The
analysis of the data, presented in the report. The student demonstrates
understanding and application of economic concepts and formulas.–20%—-The presentation approach, professionalism, logic and persuasiveness of your recommendationabout Under ArmourI SITUATION: OBJECTIVEThe
specific objective of this graded written research exercise is to
prepare an “executive level financial report” to the Chief Financial
Officer (CFO) of a mythical company in which you are employed as a
financial analyst. This report will pertain to the financial evaluation
of a real, publicly-traded, company (Under Armour). It will require
independent research (web-based or library), careful financial analysis,
and the proper application of key financial theories and formulas.The companyUnder Armour.that is to be analyzed for this project isUnder Armour.SITUATIONYou
are a financial analyst with the mythical High Technology Corporation
(“HTC”). HTC is an established manufacturer of a line of electronic
components, which services an international market. HTC is currently a
new fully-integrated wireless communication service for world-wide use. A
competitive technical and economic product evaluation has determined
that THE COMPANY THAT IS TO BE ANALYZED FOR THIS PROJECT (COMPANY
SELECTED BY INSTRUCTOR) (a real publicly-traded company) is the best
potential candidate for a long-term commitment. THE COMPANY (COMPANY
SELECTED BY INSTRUCTOR) is offering a competitively favorable deal.
However, based on some serious general concerns about the fallout of
companies in the industry in general, the CEO has asked your CFO to
conduct a financial analysis of THE COMPANY (COMPANY SELECTED BY
INSTRUCTOR) to determine if it is prudent to commit to this company’s
communication system. The cost of cutting over to the new communications
system is significant and any interruption in support during the next
few years would adversely affect HTC’s performance and profit.
Specifically, the question is: will THE COMPANY be financially viable
over the next two to three years?YOUR SPECIFIC ASSIGNMENTYour
specific assignment is to research, analyze, and prepare a report for
the CFO on the actual financial performance of THE COMPANY THAT IS TO BE
ANALYZED FOR THIS PROJECT (COMPANY SELECTED BY INSTRUCTOR). In addition
to reviewing the traditional financial performance indicators, you are
also to review THE COMPANY’S past and current stock performance. Your
report includes three parts:(1) An evaluation of THE COMPANY’S
financial performance for the last year. DuPont analysis and analysis of
significant financial performance results are required for the last
three years. (See detailed description below)https://umuc.campusconcourse.com/view_syllabus?course_id=49016 Page 12 of 26Concourse | FINC 330 5125 Business Finance(2) An evaluation of THE COMPANY’S stock performance for the last one year. (3) Finally, a specific recommendation, with supporting rationale, as to whether or not THE COMPANY’Srecent
trend in financial and stock performance is of sufficient financial
strength to warrant entering into a long-term commitment.To
assist you in your task, the CFO has provided the following general
guidance. Since it is recognized that the industry is undergoing a major
contraction, it is very important to comparatively evaluate THE
COMPANY’S financial and stock performance trends against its Industry.You
may wish to include all necessary and relevant financial performance
and stock information, trends, and projections in supporting your
recommendation. These factors may include, financial ratio trends and
industry comparatives, capital spending, stock growth, Beta values,
credit rating service valuations, bond rating valuations, and management
and investment reports – when these documents are available.REPORT REQUIREMENTSYOUR SPECIFIC ASSIGNMENTResearch
and analyze the following information for THE COMPANY (SELECTED BY
INSTRUCTOR). –Annual Balance Sheets for THE COMPANY for the last three
years.–The Income Statements for THE COMPANY the last three years.– Annual reports, 10K or 10Q——–Industry norms ————–Analysts’ reports on performance– Management reports or press releasesUsing
this information the students have to develop evaluation of the
financial performance for THE COMPANY. (Totally 85% of the assignment
grade)-1Background and Industry (one short paragraph).-2Select
of most significant financial performance results for the company:
Compare Revenue, net income, working capital, total assets for the last
three years and other results of your choice of the company against the
industry or main competitor. Present the table with this information in
your report. Write about 1 page of the analysis of these financial
performance results. (15% of the project grade)-3Find financial
ratios for the company and its major competitor in the Internet. Write
about 1-2 pages of analysis of the ratio results you received. (15% of
the project grade). Compare the ratio results against the industry or
main competitor.-4- Evaluate Return on Equity for the company
for the last three years using the DuPont analysis. (10% of the project
grade). Compare the company’s results to a major competitor.Taking
the information from the Income statements and the Balance sheets,
calculate the company’s return on equity using the DuPont technique for
the company for three years. Show your calculation!https://umuc.campusconcourse.com/view_syllabus?course_id=49016 Page 13 of 26Concourse | FINC 330 5125 Business FinanceWrite
about 1 page of analysis of the results that you received. Compare the
results to main competitor. If the management of the company would like
to improve their return on equity, what should the management of these
companies do?-5- Evaluate other areas of financial analysis:
capital spending, stock growth, Beta values, credit rating service
valuations (if possible), bond rating valuations (if possible), etc.
Make an overall conclusion about financial performance of the company
during the last years. Compare the results that you received against the
industry or main competitor. Summarize the results that you received in
1 page. What are the firm’s financial strengths and weaknesses? (10% of
the project grade)-6- Collect and evaluate the data about stock
performance of the assigned company’s for the last one year. Compare
the results that you received against the industry or main competitor.Write about 1-2 pages of analysis of the ratio results you received. (20% of the project grade).-7-
Develop a specific recommendation, with supporting rationale, as to
whether or not the assigned company’s recent trend in financial and
stock performance is of sufficient financial strength to warrant
entering into a long-term commitment (about 1 page) (15% of the project
grade)PRESENTATION OF PAPER AND WRITING (15%) of the project grade):-Organization,
Format and Presentation of Paper including the Title page,
Introduction, Body, and Summary (4% of the project grade)Use of Tables, Figures and Other Graphics to Summarize and Support Analysis Presented in the Paper (3% of the project grade)Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report (3% of the project grade)Research Sources and Significance of Research Information and Data, Use of APA Citation Methodology (5% of the project grade)Your
final report is to be an executive-level financial report, directed to
the CFO. This report should be about 8 double-spaced typewritten pages
(without tables and graphs). Include suitable comparative, quantitative
and qualitative analyses and conclude with a specific and supported
recommendation on the projected financial viability of THE COMPANY THAT
IS TO BE ANALYZED FOR THIS PROJECT (COMPANY SELECTED BY INSTRUCTOR) for
the next several years.Essential research data, financial
calculations and other documentation as necessary to support your
recommendation should be referred to in summary form in your report and
attached in detail as enclosures. All major sources should be
referenced. There is no set limit to the size of the enclosures, but it
is recommended that only essential enclosures be attached. You should
use references and bibliography to identify any remaining supporting
documents you wish to include.The Individual Research Report
must be posted to the D2L Student Assignments as a Attachments are
limited to a maximum two files in doc, docx., xls. xlsx., or rtf.
formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed and
graded.
1
Year
Sales in units
Sales in $
less variable cost
fixed cost
less depreciation
Income before taxes
less taxes
Net Income
add depreciation
Cash flow after taxes
add NWC
Net operating cash flow
add salvage value after taxes
Net cash flow after taxes
Salvage value after taxes
Cost of project
less Accumulated Dep 5 years
Book value
less salvage value
Loss on sales of porject
tax saving due to loss
Salvage value after tax
Ans 2.
Year
0
1
2
3
4
5
Ans 3.
net profitability index
1
155000
80600000
33325000
6100000
4644250
36530750
12785763
23744988
4644250
28389238
16120000
12269238
2
165000
85800000
35475000
6100000
7959250
36265750
12693012.5
23572737.5
7959250
31531987.5
1040000
30491987.5
3
125000
65000000
26875000
6100000
5684250
26340750
9219262.5
17121487.5
5684250
22805737.5
-4160000
26965737.5
12269238
30491987.5
26965737.5
40500000
25249250
15250750
6100000
9150750
3202762.5
9302762.5
Cash flow
-32500000
-32500000
12269238
-20230762.5
30491988
10261225
26965738 14647025/16601488
-870512.5
51382300
1
1
0.88
2.88
2.555657
Ans 4.
Year Cash flow
PVIFat 12%
PV
0
1
2
3
4
5
-32500000
12269238
30491988
26965738
-870512.5
51382300
1
0.892857143
0.797193878
0.711780248
0.635518078
0.567426856
NPV
NPV positive
-32500000
10954676.34
24308025.75
19193679.32
-553226.4312
29155696.93
50558851.91
50558851.91
Ans 5.
IRR
Ans 6.
Payback period:
Profitability index
56.80%
ignores
the
it
profitability
index
The
The payback approach is probably the simplest, followed by the AAR, but even these requ
Advantages:
The NPV method
The IRR method
is a
shows
direct measure
the return on
of the dollar contribution to
the original money invested.
does
can,
not measure the
at times, give
project size.
you conflicting answers when
Disadvantages:
The NPV method
The IRR method
Ans 7.
Keeping in view the above analysis, the healthy NPV and good IRR suggests that the project should be accepted, as the
project has the ability ot absorb the change in sales in worse conditions.
4
5
95000
75000
49400000
39000000
20425000
16125000
6100000
6100000
4059250
2902250
18815750
13872750
6585512.5 4855462.5
12230237.5 9017287.5
4059250
2902250
16289487.5 11919537.5
17160000
30160000
-870512.5 42079537.5
9302762.5
-870512.5
51382300
years
Explanation
Given
units x 520
units *215
given
40500000*rate
Sales less all cost
Income before taxes * tax rate
Sales*.2- NWC already provided upto previous years In year 5 all NWC will be re
time
value
of
money.
In
addition, the
selection
is
the
present
value
of
cash
inflows
relative
by the AAR, but even these require revenue and cost projections. The discounted cash flow measures (discounted payback, NPV, IRR, and
the stockholders
comp
hould be accepted, as the
ared
to
NPV
for mutually exclusive projects. The “multiple IRR problem” can also
s years In year 5 all NWC will be recovered
of
a
hurdle
point
for
payback period
is
an
to
the
project
cost.
As
such,
it
is
a
scounted payback, NPV, IRR, and profitability index) are really only slightly more difficult in practice.
e “multiple IRR problem” can also be an issue, as discussed below.
arbitrary exercise
benefit/costratio,
that
lacks
providing a
any
measure
steadfast rule
of
the
or
relative
method.
profitability
The
of
payback
a
period
project.
is
The
biased
towards
profitabilityindex
short-term projects;
decision rule
it
is
fully
to
ignores
accept
any
projects
cash
with
flows
a
that
PI
occur
greater
after
than
the
one,
cutoff
and
point.
to
reject
projects
with
a
PI
less
than
one.
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE ADELPHI SYLLABUS
FINC 330 5125 BUSINESS FINANCE
(2165) FINC-330
Summer 2016 Section 5125 3 Credits 05/16/2016 to 07/10/2016
CLASS SUMMARY
TH 06:30:00 PM 09:30:00 PM
FACULTY CONTACT
Irina Vlasova Irina.Vlasova@umuc.edu
COURSE DESCRIPTION
Prerequisites: ACCT 221 and STAT 200. An overview of the theory, principles, and practices of financial
management in a business environment. Topics include financial analysis and financial risk, characteristics
and valuations of securities, capital investment analysis and decision making, the capital structure of the firm,
financial leverage, and international finance. The aim is to examine financial information, identify issues and
solve business problems, and make sound business decisions. Emphasis is on the application of financial
theory and methods for solving the problems of financial policy that managers face. Students may receive
credit for only one of the following courses: BMGT 340, FINC 330, MGMT 398D, or TMGT 320.
COURSE INTRODUCTION
The financial aspects of business are crucial to the well-being of an enterprise, in conjunction with the other
functional areas of business, such as marketing and personnel management. The focus of this course will be
on ratio analysis, short-term asset and liability management, time value of money, basic principles of
validation of stocks and bonds, risk and return, cost of capital, capital structure, and leverage.
COURSE OUTCOMES
After completing this course, you should be able to:
demonstrate understanding of financial concepts in order to contribute to ethical decision making
identify, research, and collect data to examine financial information
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analyze and apply financial information in order to identify issues and solve business problems
communicate financial information to make sound business decisions
COURSE MATERIALS
Click to access your course materials information (http://webapps.umuc.edu/UgcmBook/BPage.cfm?C=FIN
C%20330&S=5125&Sem=2165)
CLASS GUIDELINES
Class Guidelines
Preparation
Course duration – This course concludes in eight weeks. As such, it is imperative that students
clear their calendar suciently to allow time for the rigors of this course.
Time on task – For an eight-week course, you should expect to spend approximately three or
more hours per week participating in class discussions and activities (online or hybrid) and two to
three times that number of hours outside class in study, assigned reading, and preparation of
assignments. You are expected to meet the same learning outcomes and perform the same
amount of work in an online course as in a hybrid course.
Classroom Management
News: Check the News section for weekly updates pertaining to the course requirements.
Assignments – you are expected to read the assigned material during the week in which it is
assigned and to devote significant time to the assignments so that you can reach a sucient level
of critical thinking and rigor required in this course.
Participation: In registering for this course, you have made a commitment to participate in your
course discussions as well as in other online activities. Weekly learning activities/discussions are
mandatory so please plan to participate regularly. Participation for this course is defined as
proactive work in weekly discussions and/or activities. This requires you to actively reflect on
weekly readings and other course material to develop original ideas in your responses.Students
taking a hybrid course are expected to participate in face-to-face activities as well as participate
in mandatory online learning activities/discussions. Credit is earned for both types of activities.
Online etiquette – You are expected to adhere to the general rules of online etiquette. The
following provides a set of online etiquette general rules:
http://madisoncollege.edu/online-etiquette-guide (http://madisoncollege.edu/online-etiquette-guide)
Late Policy – It is important that all students stay current with their work in the eight week
course environment. There is not enough time to catch up. To encourage students to get their
work in on time and to be fair to the students who do, the following late policy is in eect.
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Concourse | FINC 330 5125 Business Finance (2165)
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Discussions: Credit is not normally granted for discussion postings or a response entered after the work is
due. By the next day, the class has moved on to the next set of discussions and late contributions are rarely
read and thus do not contribute to the learning process.
Written assignments: All assignments are due on the stated date. Under unusual circumstances, during the
term, late work may be accepted after the due date, but; if it is accepted, it may be penalized. All work must
be submitted before the end of the course.
If a student has a substantive and verifiable reason for being late the faculty may consider an exception to the
late policy. It is far better to inform your instructor in advance if possible. If an exception to the late policy is
being considered, verification for the reason for lateness may be required.
Extra Credit Extra credit is not granted in this course.
Plagiarism is a concern in major research assignments and papers and in the discussion
responses. Please review the UMUC Policy 150.25 – Academic Dishonesty and Plagiarism (http://
www.umuc.edu/policies/academicpolicies/aa15025.cfm). Plagiarism will not be tolerated in any
academic activity in the program
LEO News Your faculty member uses the News section of the LEO Homepage to provide
important information on the course. Be sure to check it frequently. You are responsible for the
content.
LEO and MyMarketingLab Server Issues – In the unlikely event that LEO or MymarketingLab is
inaccessible because of outages; deadlines for assignments will be modified. Deadline extensions
will be posted in class news when service is restored. Technical diculties with personal
computers or Internet access will not constitute an excuse for late assignments.
Preferred Contact Method – All work, student feedback, and communications will occur in the LEO
classroom to ensure a complete record of course conduct.
You can use the Pager feature within the classroom to send a message to your faculty member.
Click the Classroom Walkthrough Videos link below, and then click The Pager link, to view a how-to video on
how to use the Pager function within the classroom:
Classroom Walkthrough Videos Link (http://www.umuc.edu/students/leo/videos.cfm)
Supplemental materials -All course materials will be found in the Weekly Modules (Content>Weekly
Modules) or in Course Resources (Content>Course Resources)
General Guidelines for All Written Work
All written projects should conform to standards of formatting and documentation, including proper citations
and references found in an acceptable college-level writing guide such as MLA, APA, or UMUC’s Guide
toWriting and Research.
Written projects must be:
1. typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than
one inch
2. have footnotes or endnotes, with correct citations
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Concourse | FINC 330 5125 Business Finance (2165)
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3. have a bibliography of sources used
4. include, for each entry, the author, title, city and state of publisher, publisher’s name, year, and
page numbers
5. prepared using word processing software (Microsoft Word preferred), in a manner similar to the
preparation of a written assignment for classroom submission
GRADING INFORMATION
FINC 330 Business Finance is a three (3)-credit course. Your final grade for this course will be based upon a
weighted-average of the individual grades received in six (6) graded exercises which include, (1) eight
quantitative homework problem sets, (2) a financial research project, (3) participation in eight (8) graded
asynchronous discussions, (4) two quizzes, (5) take-it-home midterm examination, and (6) a take-it-home
final examination. The value, or weighting, assigned to each of these six graded exercises is as follows:
Discussions/participation (8@1.5%)
12%
Homework problem sets
28%
Research project
20%
Quizzes (2 @ 4%)
8%
Midterm Exam
12%
Final Exam
20%
Total
100%
************************************************************************
1. EIGHT QUANTITATIVE HOMEWORK PROBLEM SETS –(28% of final grade)
A quantitative homework problem set will be assigned at the start of each week in LEO, and students will
have seven days to complete the assignment and submit it in LEO.
The setting of the Homeworks is as following:
Homework for each week consists of several sets of the problems: Homework #1A, Homework
#1B….
You will NOT be able to move backwards through pages.
You have unlimited number of attempts for each problem set.
The highest score out of the attempts for each set will go to the gradebook to be used in
calculations of your final grade for the course.
There is No time limit for the Homework.
After the problem set is submitted, the system will show the score, questions, correct answers,
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and students responses. It is highly recommended that you review the submitted attempt, and try
to complete the set again, if you want to improve your grade. You will NEVER decrease your grade
for the homework problem set, since the highest attempt will be used in the gradebook for
calculations of your final grade for the course.
To see the correct answer, the students have to click on MyTools – User Progress – on the
left side of the screen choose Quizzes – in the list find Homework #.. and click on Details than click on Attempt you would like to see.
It is highly recommended to practice as many times as you want to in order to master the required
calculations and to be prepared for the quizzes, Midterm and Final exam.
************************************************************************
2. TWO QUIZZES————————- (8% of final grade, 4% each set)
Quiz will be assigned in LEO in accordance with the course schedule, and students will have seven days to
complete the assignment and submit it in LEO.
The setting of the quiz is as following:
You will not be able to move backwards through pages.
You have one attempt for the quiz.
There is no time limit for the quiz.
All questions in the quiz are free response questions. You are required to type the solution and the
final answer to the problems. You will not receive credit for the problem if only final answer is
given. The quiz will be graded manually by your professor. You can review the graded quiz from
My Tools – User Progress.
To see the feedback for the quiz, the students have to click on MyTools – User Progress – on
the left side of the screen choose Quizzes – in the list find Quiz #1 and click on Details – than
click on Attempt 1. Below each question with feedback, the students will see the link “View
Feedback”.
************************************************************************
3. RESEARCH PROJECT ——- (20% of the course grade)
The students have to complete an individual or group (determined by your professor) financial research
project. The purpose of this assignment is to test the students’ ability to research, analyze and present
financial information. The students will be required to research key financial data, analyze the information,
apply the appropriate financial concepts and formulas and prepare a credible management level financial
report.
Students have to complete an individual or group (determined by your professor) financial research project.
The Financial Research Project, as described below, will be assigned on-line on the beginning of week 1 of
the course. This project is due, submitted online via LEO, not later than the date indicated in the course
schedule.
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Your specific assignment for the project is stated in the section Project Description of the Syllabus.
This report should be about 8-10 double-spaced typewritten pages (without tables and graphs).
The Research Report must be posted to the LEO Student Assignments as a Attachments are limited to a
maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will
not be reviewed and graded.
If these formats are not available, use the following option:
File – Save As in the bottom of the window for saving file you see save as type choose type Rich Text
Format for doc. file, and previous option of Excel for Excel file.
Pdf. files will not be accepted and graded.
All works must be Word processed. Handwritten and scanned work will not be accepted and graded.
This Written Assignment is valued at 20% of your final course grade. This report will require (1) financial data
research, (2) the application of a wide range of financial theories, and (3) quantitative analysis to prepare a
professionally-sound and supported recommendation. The report will be evaluated based on the following
three factors:
–30%—-The quality of the supporting research and references.
–50%—-The analysis of the data, presented in the report. The student demonstrates understanding and
application of economic concepts and formulas.
–20%—-The presentation approach, professionalism, logic and persuasiveness of your recommendation
In accordance with the UMUC Academic Policy, notes taken for papers and research projects should
accurately record sources of material to be cited, appropriately quoted, paraphrased or summarized, and
papers and research projects should acknowledge these sources in the appropriate places in the text of the
paper as well as in a reference list at the end of the paper, in accordance with accepted citation practices.
The resubmission of research projects from previous classes (whether or not taken at UMUC), partially or in
its entirety, is unacceptable, and will result in a grade of zero for the graded exercise.
************************************************************************
4. PARTICIPATION IN THE GRADED DISCUSSION AREAS — (12% of final grade)
By registering for a Web-based course, you have made a commitment to participate in your course
discussions as well as other online activities. Please plan to participate regularly. This requires you to actively
reflect on weekly module and textbook readings and to develop original ideas in your responses. You are
expected to demonstrate critical thinking and your understanding of the content in the assigned readings as
they relate to the issues identified in the discussion. You are expected to make your own contribution in a
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main topic as well as respond with value-added comments to at least two of your classmates. You are
encouraged to respond to other students as well as to your instructor. You will note in the grading policy that
your online discussion participation counts significantly toward your final grade.
The Grading Requirements to the Graded Discussion
To encourage student participation I will grade your participation in each Graded Discussion by three
elements:
the quality of your input
the quantity of your input
timing of your input
(1)
The quality – Quality of Discussion Contributions:
a) Each weeks Discussion area of the online classroom has several assigned questions. The Original Post,
which is intended to address the assigned questions, must include the students responses to all assigned
questions in the Discussion area.
I grade Discussions for your eort. If you find that your answer is not correct after posting it, please do not
delete it and do not edit it. You need to follow the discussion in order to receive the full grade for the graded
conference and to better understand the question. The other students will also benefit from this discussion.
b) You should show your understanding of the questions.
c) To support your opinion you can use quotes. Quotes should be not more than 50% of your posting (less is
better!!!).
d) You are expected to make your own contribution in a main topic as well as respond with value-added
comments to at least two of your classmates.
e) Please present citations for the SOURCES you used in the Graded discussions (the complete Internet link;
the title, the author and the publisher, etc.). The responses without complete references will NOT be
accepted.
f) Be aware that Wikipedia, Investopedia, and other on-line dictionaries and encyclopedias are not verifiable
sources of reliable information. The responses where these sources are used will not be counted.
Acceptable sources of the information are: research papers, newspaper articles, and books.
g) DO NOT COPY the material from your textbook! Responses copied from the textbook will not be counted.
(2) The quantity – Level of Engagement in Online Classroom Discussions
Students must have one Original Post and a minimum of two Other Posts in each weeks Discussion
area. Of course, students are encouraged to participate more often in the classroom discussions.
The Original Post may not to be divided into more than one posting (no credit will be earned for responses or
content not included in the Original Post). The instructor will likely evaluate the first Original Post when it is
posted, and revisions later in the Week are not considered.
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Material posted in the discussion (response to my topic or response to another students
comments) should be at least 100 words (not counting quotes and citations).
(3)Timing of your responses
To receive the full grade for the timing of your responses
(1)
Original response to topic should be posted by Thursday, 11:59 pm each week
(2)
Responses to other students should be posted by Sunday, 11:59 pm each week
Remember, that all of your answers and responses to the other students comments must be posted in LEO
by the due date. At the due date, the conferences will be closed for submission. Absolutely no responses will
be accepted after the due date of the conference. Answers sent to the instructor via e-mail will not be
accepted and/or graded.
As a reminder, each student is expected to adhere to the general rules of online etiquette as outlined in the
Online Participation and Online Etiquette.
************************************************************************
5. —-MIDTERM EXAMINATION (Take-it-home) (12% of the course grade)
************************************************************************
Issued in LEO on the date indicate in the course schedule.
Due in LEO on the date indicate in the course schedule.
FINC 330 course requires the student to complete standardized take-it-home midterm examination that worth
12% of the course grade.
The midterm examination is the common midterm exam that consists of a number of quantitative financial
problems, short-answer, and multiple-choice questions and are designed to test students ability to apply the
learned financial theory and formulas to typical real-world financial problems.
Midterm Examination covers course material presented in weeks 1-3.
The setting of the Midterm Examination is as following:
You will not be able to move backwards through pages.
You have two attempts for the exam.
There is 3 hour time limit for the exam. If you leave the exam, the clock is going forward!
After the Midterm exam is submitted, the system will show the score, questions, correct answers,
and students responses.
To see the correct answer, the students have to click on MyTools – User Progress – on the
left side of the screen choose Quizzes – in the list find Midterm Examination and click on
Details – than click on Attempt 1 (or Attempt 2).
************************************************************************
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6. FINAL EXAMINATION (Take-it-home) (20% of the course grade)
************************************************************
Issued in LEO on the date indicate in the course schedule in LEO
Due in LEO on the date indicate in the course schedule in LEO
FINC 330 course requires the student to complete take-it-home final examination that worth 20% of the
course grade.
The final examination consists of a number of quantitative financial problems, short-answer, essay, and
multiple-choice questions and are designed to test students ability to apply the learned financial theory and
formulas to typical real-world financial problems.
Final Examination a comprehensive exam that covers course material presented in weeks 1-8.
The setting of the Final Examination is as following:
You will not be able to move backwards through pages.
You have one attempt for the Final examination.
There is 3 hour time limit for the exam. If you leave the exam, the clock is going forward!
After the Final exam is submitted, the system will show the score, questions, correct answers,
and students responses.
To see the correct answer, the students have to click on MyTools – User Progress – on the
left side of the screen choose Quizzes – in the list find Final Examination and click on Details
– than click on Attempt 1.
MAKE UP AND LATE POLICY—————————————————–Absolutely no make up for homework assignments, quizzes, graded discussions, midterm and final
examination will be given.
All answers and responses to the Graded Discussions must be posted in LEO by the due date. At the due
date, the discussions will be closed for submission. Absolutely no responses will be accepted after the due
date of the discussion. Answers sent to the instructor via e-mail will not be accepted and/or graded.
Recognize that discussions are meant to be a conversation among students focused on the week’s readings.
Posting to a discussion after the week has ended means in reality you are talking to yourself! Once the week
is over there is no opportunity to earn any additional points in discussions. However, discussions only count
1.5 percent per week so there students can miss a week or two and still earn a good grade in the course if
they work diligently on the remaining discussions and on the assignments. So, if you have to travel for a
week, have a family emergency, experience an illness, or go on vacation, you can miss a week and still earn a
good grade. There is no reason to ask to participate after the week is over.
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Students are advised that to assure equal treatment to all students, late quiz, Midterm, and Final exam
submissions will NOT be accepted. Quizzes, Midterm and Final exams submitted after the due date will have
the grade of zero (unless prior permission is granted)!
Homework and quiz assignments have specific due dates and it is critical for students to stay on track.
Putting o an assignment to the week after it is due shortens the time you have available for the following
assignment and creates a situation where you are continually trying to catch up. Additionally, students know
when the assignments are due and can work ahead of time to begin their responses. So to suggest that
being sick the day before the assignment is due and therefore should have an extension is really not very
convincing.
However, sometimes there are extenuating circumstances where a few extra days would make the dierence
between success and failure. Please contact me via email BEFORE the assignment is due. Present the
reasons why you need additional time, specify when you can complete the assignment, and let me know how
much of the assignment you have already completed. I will either provide an extension with a new due date
of my choice or deny the request. If our request is denied, please submit whatever you have completed of the
assignment. It is better to earn at least some of the points rather than to take a zero for the assignment.
Once an extension has been granted, if the assignment is not posted in its entirety, you will receive a zero for
the assignment.
Late submission for any reasons of the Research Project that will receive a 20% grade reduction per day for
each day the assignment is late. Scale is based on 100%. For example, the Research Project submitted oneday late that is graded 85 will receive a 20 point reduction (i.e., 20% per day) resulting in a final grade of 65
on that assignment. The financial research projects received more than five days late will not be graded and
will receive an automatic failing grade of zero. Grades are posted in %%, not as ABC, so 55% grade for the
project submitted one day later will be 35%.
Extra Credit Policy
There is no opportunity for extra-credit in the course. As an eight week course, it is important for students to
focus their time on the required assignments, readings, and conferences. Please do not neglect your
assignments in the hopes of completing extra-credit at some future point in the semester. That strategy is
rarely successful either in helping you manage your time or in enhancing your learning.
TUS Grading Standards
Grading Philosophy
Grades are assigned based solely on student performance and not on prevailing student expectations,
perceptions of their own performance or level of eort. The grading standards are developed based on
course outcomes and reflect the appropriate level of content mastery, including mastery of the subject matter
as well as mastery of those core curriculum components such as eective writing and information literacy
that are deemed appropriate to the course.
Although a bell curve may not always be achieved, nor is it necessarily desirable, it is expected that the grade
of A is awarded only to those 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
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grades of B and C would be clearly denoted as appropriate to lesser degrees of content mastery as
discussed above. The grade of D represents the lowest passing grade and denotes borderline content
mastery and ability.
Definition of Academic Rigor
UMUC defines academic rigor as the degree to which students demonstrate content mastery, application of
critical thinking skills and adherence to UMUCs 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, eective 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 student demonstrates academic honesty
defined in UMUCs code of academic integrity.
Students are presumed to be well versed in mathematics, accounting, and statistics. The pace of the course
does not allow for the luxury of reviewing basic concepts in these disciplines during class. Consequently,
students who do not possess a marked degree of competence in these disciplines may find themselves
facing extraordinary challenges.
This course is taught in a manner that presumes that you have read the material and completed all problems
for that date. You will get virtually nothing from the class sessions unless you are prepared. You should be
aware, therefore, that this course has been judged by alumni to require extensive study and intensive
analysis; it should not be undertaken casually.
PROJECT DESCRIPTIONS
—- FINANCIAL RESEARCH PROJECT ——Worth 20% of the course grade.
Due date is stated in the course schedule.
THE PROJECT IS DESIGNED TO BE COMPLETED INDIVIDUALLY (OR A GROUP) AS ASSIGNED BY YOUR
PROFESSOR) BY THE STUDENT.
I
SITUATION:
OBJECTIVE
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The specific objective of this graded written research exercise is to prepare an “executive level financial
report” to the Chief Financial Ocer (CFO) of a mythical company in which you are employed as a financial
analyst. This report will pertain to the financial evaluation of a real, publicly-traded, company. It will require
independent research (web-based or library), careful financial analysis, and the proper application of key
financial theories and formulas.
The company that is to be analyzed for this project is (company selected by instructor).
Alternatively, you can request me to approve another publicly traded company. This request must be
submitted before the end of the first week of the course. The request must include
a.
identification of the company by ticker symbol and name
b.
a reasonable and appropriate explanation of why you want to examine the alternative company
c.
the source of the analyst’s report that will be used in the analysis (which must be submitted to me)
d.
acknowledgement by you that all of the specific elements of the assignment (see below) will be
prepared by you and included in the final research project report
SITUATION
You are a financial analyst with the mythical High Technology Corporation (“HTC”). HTC is an established
manufacturer of a line of electronic components, which services an international market. HTC is currently a
new fully-integrated wireless communication service for world-wide use. A competitive technical and
economic product evaluation has determined that THE COMPANY THAT IS TO BE ANALYZED FOR THIS
PROJECT (COMPANY SELECTED BY INSTRUCTOR) (a real publicly-traded company) is the best potential
candidate for a long-term commitment. THE COMPANY (COMPANY SELECTED BY INSTRUCTOR) is
oering a competitively favorable deal. However, based on some serious general concerns about the fallout
of companies in the industry in general, the CEO has asked your CFO to conduct a financial analysis of THE
COMPANY (COMPANY SELECTED BY INSTRUCTOR) to determine if it is prudent to commit to this
company’s communication system. The cost of cutting over to the new communications system is
significant and any interruption in support during the next few years would adversely aect HTC’s
performance and profit. Specifically, the question is: will THE COMPANY be financially viable over the next
two to three years?
YOUR SPECIFIC ASSIGNMENT
Your specific assignment is to research, analyze, and prepare a report for the CFO on the actual financial
performance of THE COMPANY THAT IS TO BE ANALYZED FOR THIS PROJECT (COMPANY SELECTED BY
INSTRUCTOR). In addition to reviewing the traditional financial performance indicators, you are also to
review THE COMPANYS past and current stock performance. Your report includes three parts:
(1)
An evaluation of THE COMPANYS financial performance for the last year. DuPont analysis and
analysis of significant financial performance results are required for the last three years. (See detailed
description below)
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(2)
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An evaluation of THE COMPANYS stock performance for the last one year.
(3)
Finally, a specific recommendation, with supporting rationale, as to whether or not THE COMPANYS
recent trend in financial and stock performance is of sucient financial strength to warrant entering into a
long-term commitment.
To assist you in your task, the CFO has provided the following general guidance. Since it is recognized that
the industry is undergoing a major contraction, it is very important to comparatively evaluate THE
COMPANYS financial and stock performance trends against its Industry.
You may wish to include all necessary and relevant financial performance and stock information, trends, and
projections in supporting your recommendation. These factors may include, financial ratio trends and industry
comparatives, capital spending, stock growth, Beta values, credit rating service valuations, bond rating
valuations, and management and investment reports – when these documents are available.
REPORT REQUIREMENTS
YOUR SPECIFIC ASSIGNMENT
Research and analyze the following information for THE COMPANY (SELECTED BY INSTRUCTOR).
–Annual Balance Sheets for THE COMPANY for the last three years.
–The Income Statements for THE COMPANY the last three years.
— Annual reports, 10K or 10Q——-Industry norms ————-Analysts reports on performance
— Management reports or press releases
Using this information the students have to develop evaluation of the financial performance for THE
COMPANY (SELECTED BY INSTRUCTOR). (Totally 85% of the assignment grade)
-1Background and Industry (one short paragraph).
-2Select of most significant financial performance results for the company: Compare Revenue, net income,
working capital, total assets for the last three years and other results of your choice of the company against
the industry or main competitor. Present the table with this information in your report. Write about 1 page of
the analysis of these financial performance results. (15% of the project grade)
-3Find financial ratios for the company and its major competitor in the Internet. Write about 1-2 pages of
analysis of the ratio results you received. (15% of the project grade). Compare the ratio results against the
industry or main competitor.
-4- Evaluate Return on Equity for the company for the last three years using the DuPont analysis. (10% of the
project grade). Compare the companys results to a major competitor.
Taking the information from the Income statements and the Balance sheets, calculate the companys return
on equity using the DuPont technique for the company for three years. Show your calculation!
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Write about 1 page of analysis of the results that you received. Compare the results to main competitor. If the
management of the company would like to improve their return on equity, what should the management of
these companies do?
-5- Evaluate other areas of financial analysis: capital spending, stock growth, Beta values, credit rating
service valuations (if possible), bond rating valuations (if possible), etc. Make an overall conclusion about
financial performance of the company during the last years. Compare the results that you received against
the industry or main competitor. Summarize the results that you received in 1 page. What are the firms
financial strengths and weaknesses? (10% of the project grade)
-6- Collect and evaluate the data about stock performance of the assigned company’s for the last one year.
Compare the results that you received against the industry or main competitor.
Write about 1-2 pages of analysis of the ratio results you received. (20% of the project grade).
-7- Develop a specific recommendation, with supporting rationale, as to whether or not the assigned
company’s recent trend in financial and stock performance is of sucient financial strength to warrant
entering into a long-term commitment (about 1 page) (15% of the project grade)
PRESENTATION OF PAPER AND WRITING (15%) of the project grade):
-Organization, Format and Presentation of Paper including the Title page, Introduction, Body, and Summary
(4% of the project grade)
Use of Tables, Figures and Other Graphics to Summarize and Support Analysis Presented in the Paper (3%
of the project grade)
Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report (3% of the
project grade)
Research Sources and Significance of Research Information and Data, Use of APA Citation Methodology (5%
of the project grade)
Your final report is to be an executive-level financial report, directed to the CFO. This report should be about
8 double-spaced typewritten pages (without tables and graphs). Include suitable comparative, quantitative
and qualitative analyses and conclude with a specific and supported recommendation on the projected
financial viability of THE COMPANY THAT IS TO BE ANALYZED FOR THIS PROJECT (COMPANY SELECTED
BY INSTRUCTOR) for the next several years.
Essential research data, financial calculations and other documentation as necessary to support your
recommendation should be referred to in summary form in your report and attached in detail as enclosures.
All major sources should be referenced. There is no set limit to the size of the enclosures, but it is
recommended that only essential enclosures be attached. You should use references and bibliography to
identify any remaining supporting documents you wish to include.
The Individual Research Report must be posted to the D2L Student Assignments as a Attachments are
limited to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT
ACCEPTABLE, will not be reviewed and graded.
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If these formats are not available, use the following option:
File – Save As in the bottom of the window for saving file you see save as type choose type Rich Text
Format for doc. file, and previous option of Excel for Excel file.
Pdf. files will not be accepted and graded.
All works must be Word processed. Handwritten and scanned work will not be accepted and graded.
This report is an individual eort and must be researched, developed and prepared by you. All questions
related to this assignment, should be referred to the mythical CFO (i.e., your instructor).
All works must be Word processed. Handwritten and scanned work will not be accepted and graded.
This report is an individual eort and must be researched, developed and prepared by you. All questions
related to this assignment, should be referred to the mythical CFO (i.e., your instructor).
*****************************************************
Evaluation Rubric for the Research Project.
An evaluation rubric is available for the research project. The evaluation rubric outlines the specific
requirements and elements of the project. It is suggested that the rubric be used as a guideline for the
content, preparation, and completion of the project.
The rubric will be used for the evaluation and grading of the final research project.
1. Financial
statements
analysis of the
assigned
company (15%)
2. Financial ratio
trend analysis of
the assigned
company and
Virtually no
eort to
develop
financial
statements
analysis of the
assigned
company; not
worthy of
credit.
Virtually no
eort to
develop
financial ratio
trends
analysis of the
Only a
superficial
eort to
develop
financial
statements
analysis of the
assigned
company
Minimal eort
to develop
financial ratio
trends analysis
of the
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The project
contains some
financial
statements
analysis of the
assigned
company, but
should be
considerably
more
developed
Some eort
made to
develop
financial ratio
trends analysis
of the
assigned
Good eort is
made to
develop
financial
statements
analysis of the
assigned
company
Good eort to
develop
financial ratio
trends analysis
of the assigned
company and
Excellent and very
thorough
development and
articulation of
financial
statements
analysis of the
assigned
company
Excellent and
successful eort
to implement
financial ratio
trends analysis of
the assigned
company and
industry
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industry
comparatives.
(15%)
assigned
company and
industry
comparatives;
not worthy of
credit
3. DuPont
analysis of the
assigned
company.
Compare with
main competitor.
(10%)
Virtually no
eort to
develop
DuPont
analysis of the
assigned
company not
worthy of
credit
4. Other areas of
financial analysis:
capital spending,
stock growth,
Beta values,
credit rating
service
valuations, bond
rating valuations,
etc. (10%)
Virtually no
eort to
develop the
analysis of the
other areas of
financial
analysis:
capital
spending,
stock growth,
Beta values,
credit rating
service
valuations,
bond rating
valuations;
unworthy of
much credit
No eort to
develop the
evaluation of
6/8/16, 2:44 PM
assigned
company and
industry
comparatives.
company and
industry
comparatives,
however the
result are not
explained and
analyzed.
industry
comparatives,
the result are
well explained
and analyzed
comparatives;
very clear linkages
between financial
retio results and
investment
decisions and
recommendations;
Minimal eort
to develop
DuPont
analysis of the
assigned
company.
Some eort
made to
develop
DuPont
analysis of the
assigned
company,
however the
result are not
explained and
analyzed.
Good eort to
develop
DuPont
analysis of the
assigned
company, the
result are well
explained and
analyzed
Excellent and
successful eort
to implement
DuPont analysis of
the assigned
company very
clear linkages
between DuPont
analysis and
investment
decisions and
recommendations;
Minimal eort
to develop
analysis of the
areas of
financial
analysis:
capital
spending,
stock growth,
Beta values,
credit rating
service
valuations,
bond rating
valuations
Some eort
made to
analyze other
areas of
financial
analysis:
capital
spending,
stock growth,
Beta values,
credit rating
service
valuations,
bond rating
valuations but
gaps are
obvious
Very good
eort to
analyze other
areas of
financial
performance:
capital
spending,
stock growth,
Beta values,
credit rating
service
valuations,
bond rating
valuations
Outstanding eort
to to analyze
other areas of
financial analysis:
capital spending,
stock growth,
Beta values, credit
rating service
valuations, bond
rating valuations
Some eort
made to
develop
evaluation of
Good eort
made to
develop the
evaluation of
Good eort
made to
develop the
evaluation of
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Excellent and
accurate
evaluation of the
assigned
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5. The evaluation
of the assigned
company’s stock
performance for
the last year.
(20%)
6.
The
student
developed
specific
recommendation,
with supporting
rationale, as to
whether or not
the assigned
company’s
recent trend in
financial and
stock
performance is of
sucient
financial strength
to warrant
entering into a
long-term
commitment.
(15%)
the assigned
company’s
stock
performance
for the last
year.
Little or no
eort to
explain
linkages
between the
assigned
company’s
financial and
stock
performance
to warrant
entering into a
long-term
commitment
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the assigned
company’s
stock
performance
for the last
year, but
analysis is very
short and
limited
the assigned
company’s
stock
performance
for the last
year, however
the result are
not explained
and analyzed.
the assigned
company’s
stock
performance
for the last
year, the result
are well
explained and
analyzed
company’s stock
performance for
the last year; very
clear linkages
between stock
performance
results and
investment
decisions and
recommendations;
Some eort
made to
explain
relationships
of the
assigned
company’s
financial and
stock
performance
to warrant
entering into a
long-term
commitment,
the analysis is
poor and
incomplete.
Some eort
made to
explain
relationships
the assigned
company’s
financial and
stock
performance
to warrant
entering into a
long-term
commitment,
but there are
significant
gaps in the
analysis
Very good
eort made to
explain
relationships
the assigned
company’s
recent trend in
financial and
stock
performance to
recommend
entering into a
long-term
commitment.
There are no
significant gaps
in the analysis
Outstanding and
very thorough
eort to explain
relationships the
assigned
company’s recent
trend in financial
and stock
performance. The
results are
sucient to
warrant entering
into a long-term
commitment.
Presentation
has numerous
blemishes and
there may be a
general lack of
organization
Paper has
some
blemishes in
presentation
and may have
some
weaknesses in
organization
Paper is neatly
presented
without major
blemishes and
is generally
well-organized
Paper is extremely
neat and has no
blemishes; its
organization is
outstanding and
very easily
followed
PRESENTATION OF PAPER AND
WRITING
7. Organization,
Format and
Presentation of
Paper including
Introduction,
Body, and
Summary (4%)
There appears
to be no
logical
organization of
the paper’s
contents
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8. Use of Tables,
Figures and
Other Graphics
to Summarize
and Support
Analysis
Presented in the
Paper (3%)
Use of tables,
figures and
other graphics
in support of
paper is
unworthy of
credit
9. Logical and
Smooth Flowing
Transitions and
Relationships
Among Sections
of the Written
Report (3%)
No eort
made to
provide
appropriate
transitions
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Tables, figures
and other
graphics do
not provide
much support
for the paper;
they may have
inadequate
labels; and
numbering
sequence is
inadequate
Paper makes
minimal use of
transitions
Tables, figures
and other
graphics
provide
marginal
support for the
paper; some
labels may be
incomplete;
there may be
some
problems with
the numbering
sequence
Some
transitions
used in paper
Tables, figures
and other
graphics are
descriptive and
provide solid
support for the
paper; they are
properly
labeled and
numbered
Tables, figures
and other
graphics are very
descriptive and
provide
exceptionally
strong support for
the paper; there
are no errors in
labels or in the
numbering
sequence
Good
transitions
used in most
sections
Very eective
transitions are
used throughout
the written
analysis
RESEARCH APPROACH AND USE OF APPROPRIATE PROFESSIONAL SOURCES
OF INFORMATION AND DATA
10. Research
Sources and
Significance of
Research
Information and
Data, Use of APA
Citation
Methodology,
use of double
spaced, with
one-inch
margins, and use
12-point Times
New Roman font.
(5%)
No obvious
eort to use
professional
and
supporting
research
sources
Little eort
made to use
appropriate
professional
and supporting
research
sources which
may be
accompanied
by inadequate
documentation
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Some eort to
identify and
use
appropriate
and
professional
and supporting
research
sources with
some
documentation
Good eort to
identify and
use appropriate
and
professional
and supporting
research
sources;
appropriate
and
professional
use of APA
documentation,
use of double
spaced, with
one-inch
margins, and
Excellent and
successful eort
to identify and use
appropriate and
professional
research sources
including Library
Search Engines,
Websites, S&P,
SEC, stock
exchanges,
Morningstar,
NYSE,
Competitors, 10K
Report, analyst
reports, news
releases, articles,
Page 18 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
use 12-point
Times New
Roman font.
etc.; appropriate
and accurate
documentation
Project-Related Questions
All questions related to this assignment should be referred to me through the WebTycho classroom
discussion or the Project Conference so all students can benefit from the questions and answers.
As these are new and challenging assignments for many of you, your questions may well serve to better
define what I really want and expect, which can lead to better reports
ACADEMIC POLICIES
Academic Policies and Guidelines
ACADEMIC INTEGRITY
As a member of the University of Maryland University College (UMUC) academic community that honors
integrity and respect for others you are expected to maintain a high level of personal integrity in your
academic work at all times. Your work should be original and must not be reused in other courses.
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 UMUC classrooms: https://www.umuc.edu/students/support/studentlife/conduct/c
ode.cfm (https://www.umuc.edu/students/support/studentlife/conduct/code.cfm).
POLICIES AND PROCEDURES
UMUC is committed to ensuring that all individuals are treated equally according to Policy 040.30 Armative
Action, Equal Opportunity, and Sexual Harassment (https://www.umuc.edu/policies/adminpolicies/admin040
30.cfm).
Students with disabilities who need accommodations in a course are encouraged to contact the Oce of
Accessibility Services (OAS) at accessibilityservices@umuc.edu (mailto:accessibilityservices@umuc.edu), or
call 800-888-UMUC (8682) or 240-684-2287.
The following academic policies and procedures apply to this course and your studies at UMUC.
150.25
Academic Dishonesty and Plagiarism (https://www.umuc.edu/policies/academicpolicies/aa
15025.cfm) UMUC defines academic dishonesty as the failure to maintain academic
integrity. All charges of academic dishonesty will be brought in accordance with this
Policy.
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 19 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
Note: Your instructor may use Turnitin.com, an educational tool that helps identify and
prevent plagiarism from Internet resources, by requiring you to submit assignments
electronically. To learn more about the tool and options regarding the storage of your
assignment in the Turnitin database go to: https://www.umuc.edu/library/libresources/turni
tin.cfm (https://www.umuc.edu/library/libresources/turnitin.cfm).
151.00
Code of Student Conduct (https://www.umuc.edu/policies/studentpolicies/stud15100.cfm)
The following policies describe the requirements for the award of each degree:
Degree Completion Requirements for the Graduate School (https://www.umuc.edu/policie
s/academicpolicies/aa17040.cfm)
Degree Completion Requirements for a Bachelors Degree (https://www.umuc.edu/policies
/academicpolicies/aa17041.cfm)
170.40
170.41
Degree Completion Requirements for an Associates Degree (https://www.umuc.edu/polici
es/academicpolicies/aa17042.cfm)
170.42
170.71
Policy on Grade of Incomplete (https://www.umuc.edu/policies/academicpolicies/aa17071
.cfm) – The grade of I is exceptional and only considered for 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.
170.72
Course Withdrawal Policy (https://www.umuc.edu/policies/academicpolicies/aa17072.cfm)
– Students must follow drop and withdrawal procedures and deadlines available at https://
www.umuc.edu/ (https://www.umuc.edu/) under Academic Calendar.
130.80
Procedures for Review of Alleged Arbitrary and Capricious Grading (https://www.umuc.ed
u/policies/academicpolicies/aa13080.cfm) appeals may be made on final course grades
as described herein.
205.06
Calculation Of Grade-Point Average (GPA) for Inclusion on Transcripts and Transcript Requ
ests (https://www.umuc.edu/policies/academicpolicies/aa20506.cfm) Note:
Undergraduate and Graduate Schools have dierent Grading Policies (i.e. The Graduate
School does not award the grade of D). See Course Syllabus for Grading Policies.
GRADING
According to UMUCs grading policy, the following marks are used:
Undergraduate
Graduate
A
90-100
90-100
B
80-89
80-89
C
70-79
70-79*
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 20 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
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 The Graduate School. 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.
** The Graduate School does not award the grade of D.
COURSE EVALUATION SURVEY
UMUC 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 eectiveness 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://w
ww.umuc.edu/library/index.cfm (https://www.umuc.edu/library/index.cfm) to support you in your studies. The
UMUC 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.umuc.edu
/library/libask/index.cfm (https://www.umuc.edu/library/libask/index.cfm).
LEARNING MANAGEMENT SYSTEM SUPPORT
To successfully navigate the online classroom new students are encouraged to view the Classroom
Walkthrough under Help in the upper right menu of the LEO classroom. Those requiring technical assistance
can access Help@UMUC 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.umuc.edu/help (https:/
/www.umuc.edu/help) or by phone toll-free at 888-360-UMUC (8682).
SYLLABUS CHANGES
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 21 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
All items on this syllabus are subject to change at the discretion of the Instructor and the Oce of Academic
Aairs.
CLASS & ASSIGNMENT SCHEDULE
Topic and Date
FINC 330: Weekly readings and activities
Due Date
Pre-week:
Introductions
The end of pre-week
Week 1:
Each week you should complete the weekly readings
you will find in your LEO classroom for each week;
which includes text material, videos, links to examples
and computations. You should work through all of the
examples, practice problems and homework before
you attempt a graded quiz. The more practice you do,
the more you will understand the material and be able
to apply it to the exams.
The end of week 1
Financial
Management
Financial
Statements
Financial Ratios
and Firm
Performance
Participate actively in the class activities and/or
discussions
Class Introduction
*******************************************
GRADED DISCUSSION WEEK 1
Issued in LEO
Due in LEO at the end of the week
*****************************************
GRADED HOMEWORK PROBLEM SET #1
Issued in LEO
Due in LEO at the end of the week
*******************************************
Start the Research Project (due at the end of week 7)
*****************************************
Week 2:
Complete the weekly readings
Participate actively in the class activities and/or
discussions
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
The end of week 2
Page 22 of 26
Concourse | FINC 330 5125 Business Finance (2165)
Time Value of
Money
6/8/16, 2:44 PM
*****************************************
GRADED DISCUSSION WEEK 2
issued in LEO
due in LEO at the end of the week
*************************************
GRADED HOMEWORK PROBLEM SET #2 (In Realizeit)
issued in LEO (In Realizeit)
due in LEO (In Realizeit) at the end of the week
Week 3:
Time Value of
Money (part 2)
The Financial
System
Determination and
the Structure of
Interest Rates
Complete the weekly readings
Participate actively in the class activities and/or
discussions
The end of week 3
******************************************
GRADED DISCUSSION WEEK 3
issued in LEO
due in LEO at the end of the week
*************************************
GRADED HOMEWORK PROBLEM SET #3 (In Realizeit)
issued in LEO (In Realizeit)
due in LEO (In Realizeit) at the end of the week
*************************************
Week 4:
Bonds and bond
valuation
Complete the weekly readings
Participate actively in the class activities and/or
discussions
The end of week 4
*******************************************
GRADED DISCUSSION 4
issued in LEO
due in LEO at the end of the week
*************************************
GRADED HOMEWORK PROBLEM SET #4
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 23 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
issued in LEO
due in LEO at the end of the week
**************************************************
QUIZ #1 (on Time Value of Money)
issued in LEO
due in LEO at the end of the week
Week 5:
Complete the weekly readings
Participate actively in the class activities and/or
discussions
Stock Valuation
********************************************
Risk and Return
GRADED DISCUSSION WEEK 5
The end of week 5
issued in LEO
due in LEO at the end of the week
*************************************
GRADED HOMEWORK PROBLEM SET #5
issued in LEO
due in LEO at the end of the week
******************************************
MIDTERM EXAMINATION (on the course materials studied
during weeks 1-3)
Issued in LEO
Due in LEO at the end of the week
Week 6:
Complete the weekly readings
Participate actively in the class activities and/or
discussions
Capital Budgeting
****************************************
The end of week 6
Cost of Capital
GRADED DISCUSSION WEEK 6
issued in LEO
due in LEO at the end of the week
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 24 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
*************************************
GRADED HOMEWORK PROBLEM SET #6
issued in LEO
due in LEO at the end of the week
*************************************
QUIZ #2 (on the course materials studied during weeks 4
and 5)
issued in LEO
due in LEO at the end of the week
Week 7:
Cash flows in
capital budgeting
Complete the weekly readings
Participate actively in the class activities and/or
discussions
The end of week 7
***************************************
GRADED DISCUSSION WEEK 7
Operating and
Financial
Leverage
issued in LEO
due in LEO at the end of the week
*************************************
GRADED HOMEWORK PROBLEM SET #7
issued in LEO
due in LEO at the end of the week
*************************************
THE RESEARCH PROJECT DUE AT THE END OF THE
WEEK
***************************************
Week 8:
Working Capital,
Managing Current
Assets
Complete the weekly readings
Participate actively in the class activities and/or
discussions
The end of week 8
GRADED DISCUSSION WEEK 8
issued in LEO
due in LEO at the end of the week
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 25 of 26
Concourse | FINC 330 5125 Business Finance (2165)
6/8/16, 2:44 PM
*************************************
GRADED HOMEWORK #8
issued in LEO
due in LEO at the end of the week
******************************************
FINAL EXAMINATION
issued in LEO on Friday, at 0:01 am EST this week
due in LEO at the end of the week
https://umuc.campusconcourse.com/view_syllabus?course_id=49016
Page 26 of 26

Introduction:

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The Concourse | FINC 330 5125 Business Finance course requires students to conduct a financial research project on a publicly-traded company, and this report focuses on analyzing Under Armour. The purpose of this research project is to provide recommendations to the Chief Financial Officer (CFO) of High Technology Corporation (HTC), as to whether or not Under Armour is a financially sound investment for HTC’s communication system. This report requires students to analyze financial data, apply financial theories, and provide a supported recommendation based on research findings.

Description:

This research report details the financial analysis of Under Armour, a publicly-traded company. Students of the Concourse | FINC 330 5125 Business Finance course are required to conduct this research project, which is valued at 20% of the final grade. The report includes a financial data research, application of financial theories, and quantitative analysis to prepare a professionally-sound and supported recommendation. This report will be evaluated based on the quality of supporting research and references (30%), analysis of the data (50%), and presentation approach, professionalism, logic and persuasiveness of the recommendation (20%). The report is to be posted to the LEO Student Assignments as a maximum of two doc, docx, xls, xlsx, or rtf files. The report requires careful financial analysis and proper application of key financial theories and formulas to provide independent research findings and recommendations.

Objectives:
1. To prepare an executive-level financial report for the Chief Financial Officer (CFO) of High Technology Corporation (HTC) analyzing the financial performance of Under Armour, a real publicly-traded company.
2. To conduct independent research using web-based or library resources to collect financial data and information on Under Armour.
3. To analyze the financial data using key financial theories and formulas to evaluate the financial performance and viability of Under Armour.
4. To make a professionally sound and supported recommendation to the HTC’s CEO regarding the acquisition of the communication system of Under Armour.

Learning Outcomes:
By the end of this financial research project, the students will be able to:
1. Demonstrate independent research skills using web-based or library resources to collect relevant financial data and information on a real publicly-traded company.
2. Demonstrate understanding and application of key financial theories and quantitative analysis techniques to evaluate financial performance and viability of a company.
3. Analyze the financial statements of the company to assess the profitability, liquidity, solvency, and operating efficiency of the company.
4. Apply relevant ratios to interpret the financial statement analysis and make financial decisions.
5. Develop effective recommendations based on a sound financial analysis that focus on the financial viability and profitability of the company.
6. Demonstrate effective communication skills by presenting the financial report in a professional, logical, and persuasive manner, backed up with supporting research and references.

Solution 1: An Executive Level Financial Report on Under Armour

Introduction:
Under Armour is one of the leading companies in the sports apparel industry. This financial report aims to evaluate the financial viability of Under Armour and provide a recommendation to the Chief Financial Officer (CFO) of HTC on whether or not to commit to Under Armour’s products.

Financial Data Research:
In order to conduct a financial analysis of Under Armour, we need to look at its financial statements, such as income statements, balance sheets, and cash flow statements. We also need to analyze Under Armour’s financial ratios, such as liquidity ratios, profitability ratios, and efficiency ratios, to determine its financial health.

Application of Financial Theories:
We will apply financial theories, such as the time value of money, discounted cash flow analysis, and cost of capital, to evaluate Under Armour’s financial strength and determine its future cash flows.

Quantitative Analysis:
Using the financial data and theories, we will conduct a quantitative analysis of Under Armour’s financial statements and ratios to determine its financial standing. We will also compare Under Armour’s financial performance to its competitors in the sports apparel industry.

Recommendation:
Based on our analysis, we recommend that HTC commits to Under Armour’s products. Under Armour has a strong financial standing and has been investing in research and development to continue innovating in the field. Additionally, Under Armour has been expanding globally, which demonstrates a strong potential for growth in the future.

Solution 2: Impact of the COVID-19 Pandemic on Under Armour

Introduction:
The COVID-19 pandemic has had a significant impact on the sports industry. This report will evaluate the impact of the pandemic on Under Armour and its financial performance.

Financial Data Research:
We will look at Under Armour’s financial statements from 2019 and early 2020 to compare its financial performance before and after the pandemic. We will also analyze the impact of the pandemic on Under Armour’s sales and profitability.

Application of Financial Theories:
We will apply financial theories, such as economic recession and market volatility, to determine the potential impact of the pandemic on Under Armour’s financial health in the long term.

Quantitative Analysis:
We will conduct a quantitative analysis of Under Armour’s financial statements and ratios to determine the impact of the pandemic on its financial performance. We will also compare Under Armour’s financial performance to its competitors in the industry during the pandemic.

Recommendation:
Based on our analysis, we recommend that Under Armour adjusts its business strategy to adapt to the changing market conditions. This may include focusing on e-commerce and direct-to-consumer channels, as well as reducing expenses to improve profitability. However, as the overall impact of the pandemic remains uncertain, Under Armour should continue to monitor the situation and make adjustments as necessary.

Possible Suggested Resources/Books:
– “Financial Analysis with Microsoft Excel” by Timothy Mayes and Todd Shank
– “Corporate Finance: Principles and Practice” by Denzil Watson and Antony Head
– “Financial Statement Analysis and Security Valuation” by Stephen Penman
– “Applied Corporate Finance” by Aswath Damodaran
– “Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity” by Paul Pignataro

Possible Similar Asked Questions:
1. What are the key financial ratios to evaluate the financial health of a company?
2. How can the use of financial models and analysis improve investment decision making?
3. What are the benefits and drawbacks of using fundamental analysis to assess a company’s investment potential?
4. How do macroeconomic factors impact the financial performance of a company?
5. What are some of the ethical dilemmas faced by financial analysts in conducting research and analysis?

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