1. COURSE OBJECTIVES
This course provides an introduction to financial principles that can be utilized across multi-disciplines with the overall goal of maximizing shareholder value in the hotel industry. The concepts of financial statement analysis, forecasting, leverage, working capital management, the time value of money, capital budgeting, security valuation, and capital markets will be addressed through both lectures and active approaches of problem solving and case discussions.
Finance is central to the operation of every organization. This course explores the theoretical aspects of finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis. For students pursuing a career in finance, the topics provide the foundation for an immersion in the science of finance. Students pursuing non-finance careers will receive an overview of finance issues encountered by managers.
2. COURSE CONTENTS
|
No. |
Content |
Time Allocation |
Contribution to CLO |
|||
|
Lecture |
Practice, Seminar |
Essays, Assignments, Teamwork |
Self-study with teacher’s tutorials |
|||
|
1 |
Chapter 1. Introduction to Financial Management |
3 |
0 |
0 |
6 |
1,6,7,8 |
|
2 |
Chapter 1. Introduction to Financial Management (con’t). |
1 |
1 |
3 |
5 |
1.6,7,8 |
|
3 |
Chapter 2. Financial Statement Analysis |
3 |
0 |
0 |
6 |
5,7,8 |
|
4 |
Chapter 2. Financial Statement Analysis (con’t) |
1 |
2 |
1.5 |
5.5 |
5,7,8 |
|
5 |
Chapter 3. Time Value of Money |
3 |
0 |
3 |
6 |
1,4,5,8 |
|
6 |
Chapter 4. Discounted Cash Flow Valuation |
3 |
0 |
3 |
5 |
1,4,5,8 |
|
7 |
Chapter 5. Interest Rates and Bond Valuation |
2 |
1 |
0 |
6.5 |
|
|
8 |
Chapter 5. Interest Rates and Bond Valuation |
1 |
2 |
1 |
7 |
3,5,7,8 |
|
9 |
Mid-term test + Chapter 6. Stock Valuation |
1 |
0 |
0 |
6 |
3,5,7,8 |
|
10 |
Chapter 7. Net Present Value and Alternative Investment Criteria |
3 |
0 |
3 |
5.5 |
3,5,7,8 |
|
11 |
Chapter 8. Making Capital Investment Decisions |
2 |
3 |
2 |
5.5 |
2,6,7 |
|
12 |
Chapter 9. Cost of Capital |
3 |
0 |
0 |
6 |
2,5,6,7 |
|
13 |
Chapter 9. Cost of Capital |
1 |
3 |
3 |
4.5 |
2,5,6,7 |
|
14 |
Chapter 10. Return, Risk, and the Security Market Line |
2 |
0 |
0 |
3 |
5,6,7,8 |
|
15 |
Chapter 10. Return, Risk, and the Security Market Line |
1 |
3 |
3 |
5 |
5,6,7,8 |
|
Total |
30 |
15 |
22.5 |
82.5 |
||
3. COURSE ASSESSMENT
– Score ladder: 10
– Type of assessment
|
Form |
Content |
Criteria |
CLO |
Proportion |
|
|
Formative |
Attendance |
Assessment of attitude |
The number of attendances and participation in lesson |
8, 9 |
10% |
|
Midterm test |
Knowledge and skill assessment Form: MCQ + written questions (60 mins) Content: all contents from chapter 1 to chapter 5 |
– Criteria: + Giving precise MC answers: 6 points + Clear, structured, informative essays: 4 points Total: 10 points |
1,2,3,4,6,7 |
30% |
|
|
Summative |
Final test |
Knowledge, skill and attitude assessment Form: MCQ + written questions (60-70 mins) Content: all materials covered in the course schedule
|
– Criteria: + Giving precise MC answers: 6 points + Clear, structured, informative essays: 4 points Total: 10 points
|
1-9 |
60% |
|
|
|
|
Total: |
100% |
|