SYLLABUS

Instructor: Dr. Innocentus Alhamis

Course Number and Name: BUS660 Corporate and International Finance

Section and Semester: Section 2 Fall 2021
Program: MS in Business Management and Leadership
Office Hours: Mondays, 6PM - 8PM, phone or Zoom
Type of Course: Business
Credits: 3
Prerequisite: One undergraduate course in Accounting and one in Computer Applications

Course -Description

This course offers students a strong working knowledge of how managers of small entrepreneurial ventures and publicly traded corporations raise, allocate, and
protect capital for the purpose of creating value. The class will discuss and analyze how managers evaluate domestic and international investment and funding
opportunities. The class will examine how good managers create value and how bad managers destroy value and how investors in credit and equity markets react
to the expected creation and destruction of value.

Discussion

This international corporate finance class is designed to offer the student a robust knowledge of what a multinational corporation manager needs to understand.
Without a solid understanding of how the foreign exchange markets work, a multinational corporation's financial manager is doomed. We will be looking at how
Multinational corporations manage their business internationally and the risk that they face. This course will offer the student a robust knowledge of foreign
exchange fluctuations, the risk they represent, and the methods to avoid these risks. Also, this course offers students a strong working knowledge of how
managers of small entrepreneurial ventures and publicly traded corporations raise, allocate, and protect capital to create value. The class will discuss and analyze
how managers evaluate domestic and international investment and funding opportunities. This course will examine how good managers create value and how bad
managers destroy value. We will also focus on how having commercial relationships with customers and suppliers in multiple jurisdictions impact Multinational
Corporations, "(MNCs)". A substantial portion of this class will involve discussions each week. We are currently dealing with an unknown situation and we do
not know how the virus is going to impact us in the future. Therefore there may be times that I changed the discussion boards we have to focus on more current
issues. In particular, corporations are dealing with supply chain disruptions that we need to think about. The rubric for your discussion board will be on
Blackboard. When I grade your discussions, I follow the rubric steadfastly. We will also have team projects that will include exercises using Excel spreadsheets
to value investments, a market update, and the valuation of an international investment using sophisticated and current valuation techniques.

Core Text of the Class

Multinational Business Finance 14th Edition By David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett Published by Pearson Copyright © 2016

Recommended reading:

The Wall Street Journal, The Financial Times, Bloomberg, https://www.bloomberg.com/markets

 We will also read recent 10-K, 10-Q and 8-K filings by various companies

o My favorite section of a companies 10K is the Management's Discussion and Analysis of Financial Condition and Results of
Operations, this is a must-read.

o Another interesting and fun source of information is to go to the investor relations section in a company's website and listen to the
latest management call with investment analysts

 Additional Readings are also posted in the Course Document/Video folder in Blackboard and will be added via the discussion forums during the
semester.

a) Recent 10-K, 10-Q, and 8-K filings of the Starbucks Corporation and Boeing will provide you with all of the information you will need. The links
are in Blackboard under course documents/videos

Course Learning Objectives

By the end of the course students are expected to be able to:

CLO 1. Explain why financial management is crucial to the success of a business.

CLO 2. Solve practical corporate finance problems using a computer-based spreadsheet.

CLO 3. Develop a knowledge of the international monetary system and the balance of payments’ impact on multinational
corporations and countries.

CLO 4. Examine the details of using foreign currency derivatives as well as exchange rate determinations

CLO 5. Analyze the financial statements of a company and determine if the company has been creating or destroying
shareholder value and examine how good managers create value and how bad managers destroy value.

CLO 6. Describe how firms raise capital from various domestic and international financial institutions and financial markets. 

CLO 7. Assess how leverage in the capital structure impacts a company.

CLO 8. Evaluate and solve domestic and cross-border capital budgeting problems.

CLO 9. Examine how credit, exchange rate, liquidity, and political risks must be addressed on a day-to-day basis and in
financial planning.

Program Learning Outcomes (PLOs) for the Master of Science in Business Management and Leadership (MSBML) are listed below. A student
who graduates with the MSBML degree should be able to meet all of the PLOs. The extent to which this course addresses a PLO is indicated by
the following key:

I = Introduce: Course learning activities introduce fundamental knowledge, skills, and tools that support future mastery of the PLO

R = Reinforce: Course learning activities reinforce the development of knowledge, skills, and tools that support future mastery of the PLO

E = Emphasize: Course learning activities emphasize opportunities to integrate all of the knowledge, skills, and tools necessary to demonstrate
mastery of the PLO

Program Category Description Extent

Learning Addressed
Outcome by this
(PLO) Course
Integrate theoretical and practical
knowledge of the functional areas of
PLO1 General Business Knowledge E
business to create, plan, operate, and
evaluate a business
Apply leadership principles, theories,
Leadership
PLO2 and styles to achieve business I
objectives
Apply analytical tools and research
PLO3 Analytical Skills methods to develop solutions to E
business problems
Utilize technology to analyze and
PLO4 Technological Skills critique quantitative and qualitative E
data
Analyze domestic and international
PLO5 Strategic Thinking markets to develop comprehensive R
competitive strategies
Apply accounting methods, economic
PLO6 Business Decision-Making principles, and financial models to E
solve business problems
Apply ethical decision-making
frameworks to societal challenges,
including racism, gender equality,
PLO7 Ethics & Social Responsibility R
diversity, sustainability, climate
change, and other aspects of
organizational responsibility
Communicate business ideas,
concepts, and opinions via
PLO8 Communication Skills E
professional protocols in writing,
orally, and visually
Work effectively in teams as a way to
PLO9 Teamwork E
achieve business objectives
Course Outline and Reading Assignments

The plan is to studyone and sometimes two chapters a week. Your assignment will usually be in your syllabus and on Blackboard,
posted on each Friday in Assignments; it will include the chapter, additional assignments, additional readings, or material for your
review. On Friday I will post discussion topics on our Discussion Board for you to respond to. Your initial post must be done by
three before the due date . All of your comments to your classmates must be posted before the due date . Note that no credit will be
given for late discussion posts. There will be three exams.

Communication

Please use the class information forum in Blackboard for all issues and questions regarding this class. If I do not respond to you within
24 hours please send me an email.

We will also communicate on Clorabrate in Blackboard.

Evaluation Your grade will be based on the exams and class discussions, and assignments which will include team assignments.
Please review the information below.

Assignments 20%

Discussion Board 30%

Signature
project 20%

Three Exams 30%

Evaluation of online participation is based on the quality and quantity of a student's involvement. All discussion boards are due on
time. . Note that no credit will be given for late discussion posts.

Your focus should be to address the issue and add value to the discussion. To get full credit you are required to comment on at least
two classmate's discussions for each required post and to post on time. Unless I state otherwise I will expect each student to keep their
posts to a maximum of 150 words and a minimum of 100 words. There will also be team posts that will be graded.

Concerning quantity, think of it as if you are in a business meeting; you need to make your point count not just take up people's time.
If it can be said with fewer words do it, the grading will reflect it. On the subject of grading, 100 will be the highest possible and the
lowest will be a 0. Please look at the rubric provided in "Syllabus/Course Info". Please remember that all discussion boards are due on
time. Please remember that no credit will be given for the late discussion post.

Please do not cut and paste or copy from the internet or any other source. That will result in a grade of 0 for your post and possibly
an F for the course. You can use the draft section on Blackboard to confirm that your data has not been copied and then paste it
into your post. Please review the section regarding Plagiarism in Academic Integrity which is below.

Given the flexibility we have for taking exams, it is highly unlikely that I will give makeup exams unless there is an emergency.
Missed exams are graded as zero.
 Start Due Readings
Assignments
Week
1 8/25/2021 9/5/2021 Multinational Financial Management: Opportunities and Challenges, Chapter 1.
#1Discussion Board
Week # 1
#2 Discussion
Board Excel Video
Reactions Excel
Lab #1
2 9/6/2021 9/12/2021 International Monetary System Chapter 2. #1 Discussion
Board Week # 2
#2 Exercise Excel
Lab #2 Working
with
Cells and Sheets
3 9/13/2021 9/19/2021 The Balance of Payments. Chapter 3. #1 Discussion
Board Week # 3
#2 Capital
investment t
Problem
Team post

4 9/20/2021 9/26/2021 Financial Goals and Corporate Governance. Chapter 4. #1 Discussion

Board Week # 4
#2 Discussion
Board: Excel
Videos and
Practice Exercise.
Excel Lab #3,
Formulas and
Functions

5 9/27/2021 10/3/2021 The Foreign Exchange Market. Chapter 5. #1 Discussion

Board Week # 5
#2 This is your
 second Capital
Investment
Problem. It is a
graded team post
6 10/4/2021 10/10/2021 International Parity Conditions. Chapter 6
#1 Exam Chapters
1-6
7 10/11/2021 10/17/2021 Foreign currency derivatives, futures, and options. Chapter 7. #1 Discussion
Board Week #7
#2 Discussion
Board: Excel
Videos and
a Practice Exercise.
Excel Lab#4
Working
with Data
8 10/18/2021 10/24/2021 Interest rate risk and Swaps. Chapter 8. #1 Discussion
Board Week #8
#2 This is your third
capital investment
problem. It is a team
assignment
9 10/25/2021 10/31/2021 Foreign exchange rate determination Chapter 9 #1 Discussion
Board Week #9
#2 This is your
fourth team
assignment
due
10 11/1/2021 11/7/2021 Transaction Exposure, Chapter 10. #1 Discussion
Board Week #10
#2 Prepare a market
update for the CFO
of your company,
this is a Team
assignment
11 11/8/2021 11/14/2021 Translation Exposure Chapter 11
#1 Exam Chapters
7-11
12 11/15/2021 11/28/2021 Operating Exposure Chapter 12 and The Global Cost and Availability of Capital. #1 Discussion
Chapter13 Board Week #12
 #2 Final capital
investment
problem.
This is not a
team post
13 11/29/2021 12/5/2021 Multinational Capital Budgeting and Cross Border Acquisitions. Chapter 18. #1 Discussion
Board Week #13
#2 Discussion
Board: Excel
Videos and
Practice Exercise.
Excel Lab 5 Doing
More
with Excel
14 12/6/2021 12/12/2021 Foreign Direct Investment and Political Risk. Chapter 17/ Raising Equity and Debt #1 Discussion
Globally. Chapter 14 Board Week #14
#2 This is your
Review the material in the International investment Problem final assignment. It
You will find it in Syllabus/Course Info, Information for your signature project is an
International
Investment
Problem. It is no
a team post

15 12/13/2021 12/13/20211 Reading day12/14/

review and final exam.12/15 /to 12/21

ACCESSIBILITY AND ACCOMMODATIONS

The CUNY School of Professional Studies is firmly committed to making higher education accessible to students with disabilities by
removing architectural barriers and providing programs and support services necessary for them to benefit from the instruction and
resources of the University. Early planning is essential for many of the resources and accommodations provided. Please see:
http://sps.cuny.edu/student_services/disabilityservices.html

ONLINE ETIQUETTE AND ANTI-HARASSMENT POLICY The University strictly prohibits the use of University online
resources or facilities, including Blackboard, for harassment of any individual or for the posting of any material that is scandalous,
libelous, offensive or otherwise against the University's policies. Please see:
http://catalog.sps.cuny.edu/content.php?c%20atoid=2&navoid=205

ACADEMIC INTEGRITY
Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism, and collusion in dishonest acts
undermine the educational mission of the City University of New York and the students' personal and intellectual growth. Please see:
http://media.sps.cuny.edu/filestore/8/3/9_dea303d5822ab91/839_1753cee9c9d90e9.pdf

STUDENT SUPPORT SERVICES

If you need any additional help, please visit Student Support Services:
http://sps.cuny.edu/student_resources/