Instructor Dr. C. Blent Aybar
Teaching Assistant Mr. Ed Caito email: firstname.lastname@example.org
Classroom Sever Hall 214 Monday 5:307:30pm
Communication EMail: email@example.com
Course Website http://isites.harvard.edu/k46441
Course Description Objectives
The course deals with managing business funds and planning their use to accomplish organizational objectives. It
covers the following: techniques of financial analysis and planning such as ratio analysis, pro forma projections
and discounted cash flow analysis; domestic and international financial environments; the sources and uses of
financing; problems of capital structure; capital budgeting and cost of capital; mergers and approaches to
business valuation; international financial management. Prerequisite: Introductory accounting or equivalent..
I will use lectures, case discussions and overview of topical issues to create a rich learning environment in class.
The lectures will be supported by online tools such as MyFinance Lab and various postings on the course
website. I will emphasize theory and analytics, but also teach the course from an applied perspective.
Students are expected to carefully review the assigned reading materials before each session, diligently work on
the assigned problems/questions and cases, and to participate actively in the class discussions. You should be
prepared to spend significant time to digest the material, to work on the assignments and case studies. Timely
submission of the assigned work is critical. Late submissions will not be accepted.
Best Preperation Method:
You should invariably read the assigned chapters and supplementary materials before you come to the class and
go over the assigned exercises and cases. After the end of each session, you should review handouts, your notes
and highlights in your readings. I have created homework assignments for each session in MyFinance Lab.
These homework assignments will help you to master the key concepts, and provide you instant help while you
work on the exercises. Although I will not grade these assignments, I would strongly recommend you to review
them before you work on session quizzes.
Textbook and Resources
Principles of Managerial Finance, Gitman 12th Edition, Pearson Prentice Hall, 2009,
ISBN: 0321557530 (The textbook with this ISBN also includes MyFinance Lab Kit)
Textbook Website: http://wps.aw.com/aw_gitman_pmf_12/85/21793/5579249.cw/index.html
Financial Calculator (If you do not have one, purchase an inexpensive one. I have been using HP12C for
a long time, but there are other HP and TI products in the market.
Subscription to WSJ or Financial Times (Strongly Recommended)
My Finance Lab Instructions
If you purchased a new textbook at Coop, the book will come with a Student Access Kit that contains a code you
can use to register. If you do not have a Student Access Kit, you can purchase access online with a major credit
To register the course, you will need to have the following information on hand:
Textbook: Gitman: Principles of Managerial Finance, 12e
Your MyFinanceLab Student Access Kit if you have one
School's Zip code: 02138
A valid email address where you can receive your registration confirmation
Go to www.myfinancelab.com/, click on Register, and follow the simple online instructions--you'll
either Register with an Access Code using your Student Access Kit or Purchase Access with a major
When selecting your school, make sure to select, Harvard Extension School
After you have registered, you will be ready to log in to MyFinanceLab.
To log in and begin using MyFinanceLab:
Go to www.myfinancelab.com and enter the login name and password you created during registration.
The first time you log in to MyFinanceLab, select Enroll in my instructors course and choose your
school(Harvard Extension School), instructor (Bulent Aybar) , and course name (Managerial Finance Spring 09)
from the dropdown menus.
Operating systems: Windows 2000, XP or Vista. Mac OSX
Browsers: Internet Explorer 6.0 or later, FireFox, Safari
For help with registration: Web site: http://247.support.pearsoned.com/
MondayFriday 8 a.m.8 p.m. ET, Sunday 5 p.m. midnight ET
1. Homework Problems:
For each session these assignments are posted in MyFinance Lab. They are expected to be worked on before
or immediately after the class discussion. Built in tools available in myfinance lab guides you through the
problems with similar examples, textbook references etc. Although I will not grade these homework
assignments, I urge you to work on these on a regular basis. For each session I will also post a quiz. The
homework assignments will prepare you for the quizzes.
2. Case Analyses
We will use three HBS case studies in the second half of the class. You are expected to prepare a write up for
two out of three cases. However, you should be prepared to discuss all three cases in the class. The case write
ups are due on the day we discuss the cases.
Case Analysis Guide :
Your write up should be analytical rather than descriptive of the contents of the case. Your analysis
should be geared towards identification of key questions and problems, evaluation of the situations, and
offering alternatives and solutions as well as discussing pros & cons of alternatives suggested. You
should choose one alternative as a decision maker, and provide a clear reasoning for your decision. Since
most cases used in the class require a composite of careful thinking, conceptualization, quantitative
analysis and some form of decision making your analyses will be evaluated based on breadth and depth
of your thought process documented in your submitted paper.
3. Spreadsheet Assignments
These assignments will allow you to improve your excel skills in the context of the issues we discuss. I will
post the templates on the course website.
There will be 10 optional online quizzes posted in MyFinance Lab. If you regulary work on these quizzes during
the course and attain an average grade of 85 or above, you will be exempted from the exams.
If you have not used the quiz options, or could not attain an avaerage of 85 or higher you are required to take
ExamI and ExamII. You are allowed to take the exams even if took the quiz option and scored above 85, if
would like to attain a better grade.
While quizzes will be take home and will be offered online, both exams will be administered in the class on
respective dates indicated in the course schedule. You are allowed to use a four page cheat sheet in both exams.
Make up exams are available only for officially documented cases.
MyFinance Lab Online Quizzes
These quizzes are similar to homework assignments posted in MyFinanceLab. While you have unlimited
time, you can submit your results only once. In other words, unlike homework assignments, you may
have only one attempt. The quizzes are not accessible after the due date.
In Class Exams:
In class exams will be a combination of multiple choice and short problems. You can use a long cheat
sheet during the exam, but not your book or your notes.
Exam1 (or Session Quizzes x 5) 30
Case Write Ups x2 20
Attandance & Participation1 15
ExanII (or Session Quizzes) 35
1 Attandance & Participation refers to consistent, consturctive and creative engagement in the class with the instructor and your peers. You are
expected to make non trivial remarks, bring up interesting issues for discussion and offer clarifying comments to enhance your peer's
understanding during the class discussions. Quality and substance of your contributions will determine your participation grade.
95 < A 6570 C+
9095 A 6065 C
8590 B+ 5560 C
7585 B 5055 D
7075 B 50> F
Academic Honesty Policy
Students who enroll in courses for credit are expected to attend all classes, take the midterm and final examinations,
and complete all other coursework. If a student is absent from a class meeting for any reason, including registering
late, it is the student's responsibility to make up all work from that class. All work submitted to meet course
requirements is expected to be the student's own work. A student suspected of academic dishonesty in any form is
subject to review and disciplinary action by the Summer School Administrative Board. Disciplinary action may
include, but is not limited to, required withdrawal from the course and/or required withdrawal from the Summer
School. Summer School regulations regarding academic honesty are discussed in detail in the Summer School
January 26th Session1: Introduction
Gitman Chp 1
My Finance Lab Session1 HW
February 2nd Session2: Financial Statements and AnalysisAn Overview
Key components of the stockholders' report: the income statement,
statement of retained earnings, and the statement of cash flows.
Evaluation of financial statements using ratio analysis. Liquidity,
Profitability and Market Ratios.
Gitman Chp 2
MyFinance Lab Session2 HW (Due on Feb 9th)
MyFinance Lab Session2 Quiz (Due on Feb 9th )
February 9th Session3: Financial Planning
Pro forma income and balance sheet
Operating cash flow and Free Cash Flow Depreciation of assets
Sources and uses of cash and statement of cash flows
Gitman Chp 3
MyFinance Lab Sesion3 HW
MyFinance Lab Session3 Quiz
Chp 3 Spreadsheet Exercise (do not submit)
February 16th President's Day No Class
February 23rd Session4: Time Value of Money;
The PV and FV of a sum
The present and future values of an annuity
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