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A - New Course Proposal : Entry # A - New Course Proposal : Entry # 571571

Today's Date

11/17/2017

Your Name:

Steven Lifland

Your Email:

slifland@highpoint.edu

Which semester is this course proposal applicable for?

Fall 2018

Your department

Phillips School of Business - Accounting & Finance

Please select the appropriate school overseeing this proposal:

Business

Is this proposal connected to any other proposals currently being submitted? If so, please describe below.

This is a new course required in the newly approved Finance Major.

Is this submission in response to a "revise and resubmit" decision on a previous proposal?

No

Is this course cross listed?

No

Choose the department designator for your proposed course from the list below.

FIN

Proposed Course Number

3015

Does this course replace a current course?

No

Enter the title of your proposed course

Corporate Finance

Enter the catalog description of your proposed course

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A - New Course Proposal : Entry # A - New Course Proposal : Entry # 571571

This course serves as an introduction to corporate business finance for finance majors and minors preparing for upper levelcourse work. The primary objective is to provide the student an in-depth exposure to key elements of corporate finance, notablyhow corporations manage their balance sheets, over the short therm in working capital management, and over the long term inmaintaining an optimum Capital structure. Topics covered include capital budgeting and forecasting cash flows, working capitalmanagement, financial leverage, variance analysis, corporate governance, cost of capital, capital structure, dividend and sharerepurchase policy. Prerequisite: FIN 3010 with a grade of C or better.

Choose your proposed course's number of credits from the list below

4

How will the course be graded?

Letter grade

Please select the course repeat option for your proposed course:

Repeatable for credit once

Offering cycle for your proposed course:

Every semester

Does your course have any prerequisites?

Yes

Please list all prerequisites this course requires:

FIN 3010

Rationale for new course

This course serves as an introduction to corporate finance for finance majors and minors preparing for upper level course work.The overall primary objective is to provide the framework, concepts, and tools for analyzing financial decisions based onfundamental principles of modern financial theory. It is the desired initial finance course to be taken in pursuit of the Finance Majoras it provides a rigorous and analytical approach to the many facets of corporate finance. The current list of required financecourses is lacking a comprehensive one that develops the needed skill set. This course will fill that gap and serves as a "set up"for the upper level courses available to our students.

List the proposed course's student learning outcomes

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A - New Course Proposal : Entry # A - New Course Proposal : Entry # 571571

1. Calculate and interpret the firm's cost of equity, cost of debt and the weighted average cost of capital. 2. Describe how firms arrive at their capital structures and make capital raising decisions.

3. Calculate and Evaluate the degree of operating leverage, the degree of financial leverage, and the degree of total leverage andanalyze the effect of financial leverage on a company's earnings and financial ratios.

4. Evaluate how companies distribute earnings, including dividends and share repurchases. 5. Demonstrate the ability to develop a cash budget.

6. Describe the importance of working capital management and be able to Calculate various measure that firms use to managecash, accounts receivable, inventory and accounts payable.

7. Evaluate the performance of a firm by analyzing its financial statements and calculating and interpreting its financial ratios andmeasures of value added.

8. Demonstrate the ability to develop pro-forma income statements and balance sheets in the context of both annual budgetingand long-range financial planning.

9. Demonstrate the application of variance analysis in understanding differences between forecast and actual performance. 10. Demonstrate the ability to develop a statement of cash flows for proposed investment opportunities, conduct sensitivity

analysis, and understand and interpret various acceptance criteria for capital budgeting decisions.

Describe how the student learning outcomes in your course will be assessed.

The assessment for the learning outcomes will be based on questions selected from past Uniform Charter Financial Analyst (CFA)Level 1 exams.

This course is intended to be:

A required course in the major

Does this course fulfill any of the below University academic program requirements?

This course does not fulfill academic program requirements

Please attach your department approval signature page, syllabus, and any other supporting documents.

N-FIN3015Lifland-F18-2.pdf

For Deans:

Does this proposal connect solely to programs in your school (Intra-Collegiate), or does it have connections to broaderuniversity programs and requirements (Inter-Collegiate)? Note that all proposals connected to University Academic Programsor within the General Education should be considered Inter-Collegiate proposals.

Intra-collegiate

Is this proposal consistent with school and university mission?

Yes

Are necessary resources available to support this proposal?

Yes

[DEAN] I approve/deny this proposal for further advancement

Approve

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A - New Course Proposal : Entry # A - New Course Proposal : Entry # 571571

Today's Date (REQUIRED)

11/17/2017

For the School Curriculum Committee:

Is this proposal consistent with the mission and requirements of your school?

Yes

Does this proposal reflect a course that is rigorous, current, and reflects best practices and highest academic standards?

Yes

[SCHOOL COMMITTEE] This committee approves/denies advancement of this proposal

Approve

Today's Date (REQUIRED)

12/04/2017