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UNIVERSITAS ADVENT INDONESIA

COLLEGE OF BUSINESS ACCOUNTING AND MANAGEMENT PROGRAM (S1)

MAN 2301 MANAJEMEN KEUANGAN


Course Syllabus, First Semester, Collegiate Year 2013-2014

GENERAL INFORMATION
UNAI Philosophy: Universitas Advent Indonesia believes that God, as the Creator
and Sustainer of the universe, is the source of true education, which promotes an
integrated course of learning that prepares human being for usefulness in the
world and for fitness in the world to come.
UNAI Vision: To be able to compete in quality education with well-known
universities and colleges in develop countries by the year 2020
UNAI Mission Statement: The mission of Universitas Advent Indonesia is to
provide excellent Christian higher education in various fields of study in order to
produce competent graduates, who are ready to meet their future career and to
serve the needs of the Seventh-day Adventist Church and the society as well.
Course Number
:
MAN 2301
Course Title : Manajemen Keuangan
Units Credit : 3 units
Professor
: Dr. Jhon Rinendy, MBA
Ph.D in Commerce, Major in Accounting and Finance, 2013, AUP.
Professor in Management, Accounting and Finance, 2000 present.
Address
: Kampus UNAI, Jl. Kol. Masturi No.288, Desa Cihanjuangrahayu,
Parongpong, Bandung.
Telp. No.
: 081224438623; 085945224822
E-mail address
:
situmorangjr@gmail.com
COURSE INFORMATION
Course Description: The course deals primarily with the basic concepts and tools
for investment and financing decisions. It begins with the role of the financial
manager and the type of fundamental decisions that financial mangers make with
fundamental knowledge about financial institutions, financial statement, cash
flows and analysing financial statements with ratio analysis and other tools used to
evaluate financial statements. The basic financial concepts and tools consist of
time value of money and risk and return concepts and then applies present value
concepts to bond and stock valuation as the basic financial institutions and
computational tools that will serve as the building blocks for analysing investment
and making fundamental decisions, such as capital budgeting decisions, financing
decision, and working capital management decisions.
Course Objectives: The primary focus of the course is to help students develop
the skills necessary to understand the basic concepts and tools to make financial
decisions. During the term, each student is expected to:
1

1. Know and understand the responsibility of financial manager and firm role.
2. Know and understand the foundations of financial concept, such as the
financial system and the level of interest rate, financial statements, cash
flows, and taxes, and analysing financial statements.
3. Understand the basic concepts and tools of financing decisions such as the
time value of money, discounted cash flows and valuation, risk and return,
bond valuation and the structure of interest rates and stock valuation.
4. Improve student analytical skills, ethical understanding and reasoning
abilities in maximizing the current value of the firms stock is the
appropriate goal for management.
5. To instil in students student minds the values of intellectual honesty, and
integrity, and manifest matured decision-making behaviour.
METHOD OF TEACHING AND LEARNING ACTIVITIES

Lecture/class discussion.
Group dynamics /case analysis.
Exercise questions.
Class participation.
Finance topic update (from journal) to be submitted every week meeting.

ORGANIZATION AND CONTENT OF THE COURSE


Week

Topic

Sub-Topic

Introduction to

Corporate Finance

Financial

Statements, Taxes,
and Cash Flows

Introduction to

valuation: The Time


Value of Money

Discounted Cash Flow


Valuation

Working with
Financial
Statements

Goal of the firm and


agency problems
Ethics, financial
management, and
executive
compensation
Cash Flows and
Financial Statements
Cash flow vs.
earnings
First part: Time value
of money

Second part: Time


value of money

Ratios
Ratio and financial
statement analysis

Understanding
definition of
finance and
financial
management

Lectures, PowerP
oint
slideshow,
discussions,
group formation

Ability to
Lectures, PowerP
differentiate cash oint
flow and earning slideshow,
discussions,
homeworkPowerP RWJ ch. 5
Ability to use the Lectures,
formula to
oint
calculate Future slideshow,
Value and
discussions,
Present Value of homework
money
Ability to use
Lectures, PowerP RWJ ch. 6
formula to
oint
calculate
slideshow,
annuities and
discussions,
perpetuities of
homework
Understanding
Lectures, PowerP RWJ ch. 3
financial
oint
statements
slideshow,
discussions,
homework

Long-Term Financial
Planning and Growth

Making Capital

Investment Decisions

Project Analysis and


Evaluation

8 - 9 Interest Rates and


Bond Valuation

9 - 10Stock Valuation

11 Net Present Value and


12 Other Investment
Criteria

13 Some Lessons from


Capital Market History

Lectures, PowerP RWJ ch. 4


Expanded discussion Understanding
the growth
oint
on sustainable
slideshow,
growth calculations formula and
implication to
discussions,
Explanation of
alternative formulas financial planning homework
for sustainable and
internal growth rates
Thorough coverage of
sustainable growth as
a planning tool
Long-range financial
planning
Understanding
different
approach to cash
flow

Lectures, PowerP
oint
slideshow,
discussions,
homework

RWJ ch.
10

Understanding
Sources of value
cost and cash
Scenario and
sensitivity what-if flow approach to
project analysis
analyses
Break-even analysis and evaluation
MID EXAM

Lectures, PowerP
oint
slideshow,
discussions,
homework

RWJ ch.
11

New material Clean Understanding


terms related to
vs, dirty bond
bonds
prices and accrued
Ability to
interest
New material: Make- calculate the
whole call provisions value of the
bonds
Understanding
New mini-case:
Financing S&S Airs terms related to
Expansion Plans with stock
Ability to
a Bond Issue
calculate the
Stock valuation
value of stock
NYSE and Nasdaq

Lectures, PowerP RWJ ch. 7


oint
slideshow,
discussions,
homework

Project cash flow


Alternative cash flow
definitions
Special cases of DCF
analysis

Lectures, PowerP RWJ ch. 8


oint
slideshow,
discussions,
homework

Market operations
NPV, IRR, payback,
discounted payback,
and accounting rate
of return

Ability to
Lectures, PowerP RWJ ch. 9
calculate NPV,
oint
IRR
slideshow,
Understanding
discussions,
the implication of homework
NPV and IRR

Capital market
history
Market efficiency

Ability to read
market history
data and identify
risk and returns
Understanding
the market
efficiency

Lectures, PowerP
oint
slideshow,
discussions,
homework.

RWJ ch.
12

REFERENCES
Bringham, E. F., Houston, J. F. (2010). Essential of Financial Management, 2nd Ed.
Cengage Learning Asia Pte Ltd.
Parrino, R., Kidwell, D. S., Bates, T. (2012). Fundamental of Corporate Finance, 2nd
Ed. John Wiley & Sons, Inc.
Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2008). Fundamental of Corporate
Finance, 8th Ed. McGraw-Hill/Irwin. NY.
Ross, S. A., Westerfield, R. W., & Jaffe, J. (2010). Corporate Finance. International
Edition, McGraw-Hill.

GRADING SYSTEM
A. Percentage Portions:
a. Final Test (ujian akhir semester)
40%
b. Mid Test (ujian tengah semester)
30%
c. Quiz/Unit Test (ulangan)
15%
d. Home Work
15%
Total
100%
B. Grading:
96.00%
90.00%
84.00%
78.00%
72.00%

100% = A
95.99%
89.99%
83.99%
77.99%

=
=
=
=

66.00% 71.99% = C+
60.00% 65.99%
54.00% 59.99%
48.00% 53.99%
36.00% 47.99%
<36.00%
=F

AB+
B
B-

=
=
=
=

C
CD+
D

Note: Attandance less than of 75% = F

Prepared by:

Jhon Rinendy, Ph.D


Professor
Approved by:
Judith Sinaga, MBA
Ronny B. Sihotang
Ketua Jurusan Akuntansi Ketua Jurusan Management
Ekonomi-UNAI

Paul E. Sudjiman, Ph.D


Dekan Fakultas