Announcements

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    Spring 2020 Students
  • The syllabus (with information about the book and cases) can be downloaded from the link to the left.
  • This rollover course shows the corresponding spring dates that correspond to the original fall dates. Be aware that there is an Orientation lecture before the start of classes and that spring break and Thanksgiving break are ignored. MAKE A NOTE OF EXAM DATES - these are set. Although you are able to watch the lectures at your own pace, you should keep up so you are on track for the exams. Note the final exam is earlier than that academic calendar suggests.
  • If you have any questions or if something I say in the lectures does not map to the spring dates correctly, please let me know.


  • Thursday, December 5th
  • Online students: Our final exam is 2 1/2 hours and due Tuesday, December 10th.
  • On-campus students: Our final exam is Wednesday, December 11th, 8:00 - 10:30 AM in HHH 3017.


  • Tuesday, December 3rd
  • On Thursday, we will finish Capital Structure, briefly discuss the California Pizza Kitchen case, and Review for the Final Exam.
  • I'm trying something new - you should be able to schedule an appointment with me outside of office hours from the menu on this web page. Let me know if it is worth keeping.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, November 21st
  • There is no class the week of Thanksgiving.
  • On Tuesday, December 3rd, we will finish Capital Structure. Be sure to review the first part covered today. Next week, we will talk about the case (you do not need to do anything with that yet) and review for the final exam, also.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, November 19th
  • On Thursday, we will finish Capital Budgeting and begin Capital Structure. Be sure to work through Example #3 before class.
  • I'm trying something new - you should be able to schedule an appointment with me outside of office hours from the menu on this web page. Let me know if it is worth keeping.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, November 14th
  • On Tuesday, we will finish Capital Budgeting. Be sure to work/attempt Example #2 in the notes before class - we will build off that.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, November 12th
  • On Thursday, we will finish with Capital Budgeting.
  • I'm trying something new - you should be able to schedule an appointment with me outside of office hours from the menu on this web page. Let me know if it is worth keeping.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, November 7th
  • On Tuesday, we will finish Investment Criteria and begin Capital Budgeting. You can begin working the end-of-chapter problems for Chapter 5 - just hold off on the conceptual ones and the ones regarding Discounted Payback.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, November 5th
  • On Thursday, we will finish with Investment Criteria.


  • Tuesday, October 29th
  • Our second exam is this week (October 31 for on-campus students and November 1-5 for online students).
  • On Tuesday, we will begin Investment Criteria.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, October 24th
  • On Tuesday, we will finish The Cost of Capital and Reveiw for Exam #2.
  • Our second exam is in 1 week (October 31 for on-campus students and November 1-5 for online students).
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).
  • It is that time again... If you have not already done so, please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the next exam.


  • Tuesday, October 22nd
  • On Thursday, we will finish with The Cost of Capital. That will wrap up our new material for Exam #2.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, October 17th
  • On Tuesday, we will finish Risk and Return and begin The Cost of Capital.
  • Our second exam is in 2 weeks.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, October 15th
  • On Thursday, we will continue with Risk and Return.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, October 8th
  • There is no class on Thursday, 10/10.
  • On Tuesday, we will finish Stocks and Their Value and begin Risk and Return.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, October 3rd
  • On Tuesday, we will finish Stocks and Their Value.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).
  • There will be no class on Thursday, October 10th - it is our fall break.


  • Tuesday, October 1st
  • On Thursday, we will begin Stocks and Their Value.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, September 26th
  • On Tuesday, we will finish Bonds and Thier Value and (hopefully) begin Stocks and Their Value.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, September 24th
  • On Thursday, we will continue with Bonds and Thier Value. Be sure to calculate the prices under the three yields-to-maturity.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, September 17th
  • If you have not already done so, please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the first exam.
  • On-campus Students: Our exam is Thursday, 7:15 - 9:15 in our regular classroom.
    Online Students: Our 2 hour exam window is Thursday through Tuesday. Exams are due Tuesday, 9/24.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, September 12th
  • On Tuesday, we will Review for Exam #1 and discuss the Financial Detective Case.
  • The second case is due Sunday, September 15th.
  • If you have not already done so, please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the first exam.
  • On-campus Students: Our exam is Thursday, 7:15 - 9:15 in our regular classroom.
    Online Students: Our 2 hour exam window is Thursday through Tuesday. Exams are due Tuesday, 9/24.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, September 10th
  • On Thursday, we will discuss the Ferrari case and Review for Exam #1.
  • The second case is due Sunday, September 15th.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).
  • If you have not already done so, please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the first exam.


  • Thursday, September 5th
  • On Tuesday, we will continue with Discounted Cash Flow Valuation. Be sure to review what we covered in the last class.
  • The first case is due Sunday, September 8th. Hopefully, we will go over it as planned on Tuesday. If not, we will on Thursday.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, September 3rd
  • On Thursday, we will continue with Discounted Cash Flow Valuation. You will need your financial calculator for this material. Also, be sure to review what we have discussed so far (and complete the last problem) before the start of class.
  • The first case is due Sunday, September 8th.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, August 29th
  • On Tuesday, we will continue with Discounted Cash Flow Valuation. You will need your financial calculator for this material. Also, be sure to review what we covered in the last class.
  • Do not forget to email me a short bio, preferably with a picture, and include the city/state you are located.
  • Here is the link to subscribe to the Wall Street Journal at student rates.
  • Here is advice from last fall's students.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Tuesday, August 27th
  • On Thursday, we will finish Forecasting and start Discounted Cash Flow Valuation. You will need your financial calculator for this material. Also, be sure to finish the forecasted income statement before the start of class.
  • Do not forget to email me a short bio, preferably with a picture, and include the city/state you are located.
  • Here is the link to subscribe to the Wall Street Journal at student rates.
  • Here is advice from last fall's students.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Thursday, August 22nd
  • On Tuesday, we will finish the last slide of the previous notes and discuss Forecasting. Be sure to review the two videos from Orientation (Financial Statements and Financial Statement Analysis) and take/pass the quiz on Canvas.
  • Do not forget to email me a short bio, preferably with a picture, and include the city/state you are located.
  • Here is the link to subscribe to the Wall Street Journal at student rates.
  • Here is advice from last fall's students.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch).


  • Wednesday, August 21st
  • Here is the link to today's review (start at about minute 6). Future ones will be posted in Canvas under Panopto Recordings..


  • Tuesday, August 20th
  • Sorry for the technical difficulties in the middle of class today. Hopefully, they get that fixed and we have smooth sailing from here.
  • On Thursday, we will finish Overview of Financial Management and (hopefully) start Forecasting. You are expected to review the two videos from Orientation (Financial Statements and Financial Statement Analysis) and take/pass the quiz on Canvas before you attend/watch the class.
  • Do not forget to email me a short bio, preferably with a picture, and include the city/state you are located.
  • Here is the link to subscribe to the Wall Street Journal at student rates.
  • Here is advice from last fall's students.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch). These will start in GBB 3018 on August 28. TOMORROW ONLY, we will try it via Zoom. Click this link to join the session (feel free to come and go): https://auburn.zoom.us/j/808303775.


  • Welcome to BUSI 7110/7116.
  • There is a course packet available that has all the class notes for the semester. You can purchase it from the Haley Center bookstore (or you can print all 321 pages of it on your own using the link on the left). The bookstore packet is highly recommended. It has been updated and should say Fall 2019. If you do not buy or print it, print and bring a copy of the notes for our orientation sessions (Financial Statements, Home Depot 2018 Annual Report, and Financial Statement Analysis), as well as the first set of notes (Overview of Financial Management) for the first day of class.
  • You are recommended to have a financial calculator for this course. A regular or scientific calculator will not be sufficient. I recommend either the Hewlett-Packard HP 10bII+ or the Texas Instruments TI BA II Plus. Your calculator should be able to handle uneven cash flows, calculate yield to maturity, and calculate internal rate of return. If you have questions, please contact me. You should be able to find them at Office Depot and Office Max, and perhaps Target or Wal-Mart.
  • Here is the link to subscribe to the Wall Street Journal at student rates.
  • Here is advice from last fall's students.
  • There will be an optional weekly review on Wednesdays, 9:30 - 10:45 AM in GBB 3018 (and posted recording). Those of you without a finance background should make every effort to attend (or watch). These will start in GBB 3018 on August 28. On August 21 ONLY, we will try it via Zoom. Click this link to join the session (feel free to come and go): https://auburn.zoom.us/j/808303775.


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Course Outline and Notes

Date Agenda
Tuesday,
Aug. 13
(Jan. 2)
Orientation 1
Financial Statements
Home Depot 2018 Annual Report (Condensed)
Read: Chapter 2
(Sections 2.1 - 2.3, and 2.6)
Wednesday,
Aug. 14
(Jan. 3)
Orientation 2
Financial Statement Analysis
Read: Chapter 3
(Sections 3.1 - 3.3)

Date

Agenda

Tuesday,
Aug. 20
(Jan. 7)
Introduction to the Course
and
Overview of Financial Management
Read: Chapter 1
Thursday,
Aug. 22
(Jan. 9)
Forecasting
Read: Chapter 3
(Sections 3.4 - 3.6)
Tuesday,
Aug. 27
(Jan. 14)
More on Forecasting
Thursday,
Aug. 29
(Jan. 16)
Discounted Cash Flow Valuation
Read: Chapter 4
Excel Video
Excel Video Spreadsheet
Tuesday,
Sept. 3
(Jan. 21)
More on Discounted Cash Flow Valuation
Thursday,
Sept. 5
(Jan. 23)
Still More on Discounted Cash Flow Valuation
Tuesday,
Sept. 10
(Jan. 28)
Case: Ferrari - The 2015 Initial Public Offering
Directions
Link to Submit
Thursday,
Sept. 12
(Jan. 30)
Review for Exam #1
Tuesday,
Sept. 17
(Feb. 4)
Case: The Financial Detective, 2016
Directions
Link to Submit
Thursday,
Sept. 19
(Feb. 6)
Midterm Exam #1
7:15 - 9:15 AM

Online Students
Thursday, Feb. 6 through
Monday, Feb. 10
Tuesday,
Sept. 24
(Feb. 11)
Bonds and Their Value
Read: Chapter 8
(optionally, see also Chapter 15)
Thursday,
Sept. 26
(Feb. 13)
More on Bonds and Their Value
Tuesday,
Oct. 1
(Feb. 18)
Stocks and Their Value
Home Depot 2019 Proxy Statement
Read: Chapter 9
(optionally, see also Chapters 14 and 15)
Thursday,
Oct. 3
(Feb. 20)
More on Stocks and Their Value
Tuesday,
Oct. 8
(Feb. 25)
Even More on Stocks and Their Value
Thursday,
Oct. 10
(Feb. 27)
Fall Break
No Class or Office Hours
Tuesday,
Oct. 15
(Mar. 3)
Risk and Return
Read: Chapters 10 and 11
(Sections 11.1 - 11.3, 11.6, and 11.9)
(optionally, see also Chapter 12)
Thursday,
Oct. 17
(Mar. 5)
More on Risk and Return
Tuesday,
Oct. 22
(Mar. 10)
Even More on Risk and Return
Thursday,
Oct. 24
(Mar. 12)
The Cost of Capital
Read: Chapter 13
Tuesday,
Oct. 29
(Mar. 17)
Review for Exam #2
Thursday,
Oct. 31
(Mar. 19)
Midterm Exam #2
7:15 - 9:15 AM

Online Students
Thursday, Mar. 19 through
Monday, Mar. 23
Tuesday,
Nov. 5
(Mar. 24)
Investment Criteria
Read: Chapter 5
Excel Video
Excel Video Spreadsheet
Thursday,
Nov. 7
(Mar. 26)
More on Investment Criteria
Tuesday,
Nov. 12
(Mar. 31)
Capital Budgeting
Read: Chapters 6 and 7
(Sections 7.1 - 7.2, and 7.4)
Thursday,
Nov. 14
(Apr. 2)
More on Capital Budgeting
Tuesday,
Nov. 19
(Apr. 7)
Capital Structure
Read: Chapters 16 and 17
Thursday,
Nov. 21
(Apr. 9)
More on Capital Structure
Tuesday,
Nov. 26
***SPRING STUDENTS - IGNORE THIS WEEK***
Thanksgiving Break
No Class or Office Hours
Thursday,
Nov. 28
Thanksgiving Break
No Class or Office Hours
***SPRING STUDENTS - IGNORE THIS WEEK***
Tuesday,
Dec. 3
(Apr. 14)
Review for Final Exam
Thursday,
Dec. 5
(Apr. 16)
Case: California Pizza Kitchen
Directions
Monday,
Dec. 9
Final Exam
8:00 - 10:30 AM

Online Students
Thursday, Apr. 16 through
Monday, Apr. 20

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Exam Information

The exam dates and times are listed above. In-class students are expected to take the exams on those dates and at those times. Distance students are expected to take the exams as indicated once the exams are distributed to your proctors. Should you encounter difficulty that precludes taking the exam by the deadline, you must contact me prior to that deadline and discuss possible arrangements.

If you miss an exam due to illness, you should contact me AS SOON AS you know you will miss the exam and are able to do so. Documentation will need to be provided and must state that you are unable to attend work/school on the day of the exam. Whether you contact me or not, the make-up will be the next business day at 7:30 AM. If you are still ill and HAVE DOCUMENTATION stating that you are unable to attend work/school on the day of the make-up, the next make-up will be the following business day at 7:30 AM. You must have a medical excuse for the date of the exam and the date of every make-up you miss. The make-up exam may not be the same format as that given during the regular exam time.

All exams are closed-book. They are to be completed individually. This means no talking, sharing calculators or pens/pencils, etc., and no wandering eyes. You have been warned: do not cheat! The Academic Honesty Code is found in the Student Policy eHandbook.

Exam Date and Location
Exam #1 Thursday, September 19
(Feb. 6)
7:15 - 9:15 AM
Graduate Business Building 3017

Online Students
Thursday, Feb. 6 through
Monday, Feb. 10
formula sheet
Exam #2
Thursday, October 31
(Mar. 19)
7:15 - 9:15 AM
Graduate Business Building 3017

Online Students
Thursday, Mar. 19 through
Monday, Mar. 23
formula sheet
Final Exam
Monday, December 9
(Apr. 16)
8:00 - 10:30 AM
Graduate Business Building 3017

Online Students
Thursday, Apr. 16 through
Monday, Apr. 20
formula sheet

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