School of Business Administration

FIN330101: Principles of Finance

Fall 2021
COURSE SYLLABUS

Course Title Principles of Finance Pre- ACC 2302 and ECO 2302; ACC
requisites 2301 & EGR 2302 (SSE); or ACC
2301 & ECO 2302 (SHSS)
Course Code FIN330101 Credit 3 hours
Class Hours MWF: 10:00 -11:50 Required Brealey, Myers and Allen,
Textbook(s (2011), Principles of Corporate
) Finance, 10th Edition, McGraw-
Hill International Edition
Professor Imad Jabbouri Office Building 11, Room 112
Office hours MWF : 9:00 -10:00 /13.00- Contact Phone: 2312
14.00 and 15:00 to 16:00 Details E-mail: I.Jabbouri@aui.ma
Or by appointment

1. Course Description
Financial management for business and the corporation emphasizes the conceptual framework and
principles of financial management for business organizations. The topics of the course are designed to
integrate the knowledge from the introductory courses in accounting and economics, with special focus
on financial decision making.

2. Learning Goals/Objectives
BBA Program Learning Course ILO Metric (What) Course Assessment
Goals/Objectives Metric (How)

1. Ethical: Make decisions ethically

a Understand ethical concepts Know what is an agency problem Assignments, Projects
including sustainability and and how managers should manage
concepts of corporate social a company
responsibility
[Understanding]

2. Successful: Display skills and competencies of successful business decision makers

a Comprehend and apply Master the concept of time value Assignments, Projects
general BA concepts, of money (TVM)
methods and techniques
[Understanding, Applying]
b Use modern IT tools Be able to use financial calculator Assignments, Projects
effectively [Applying]
3. Manager: Demonstrate managerial qualities
a Understand the functions of a Understand the difference Assignments, Projects
manager including planning, between value maximization and
organising, motivating, profit maximization.
controlling, and evaluating
[Understanding]
b Discern relevant data for Understand and use decision Assignments, Projects
managerial decision-making criteria in capital budgeting
[Applying, Analysing,
Evaluating]

5. Local: Understand the Moroccan business environment

a Understand the local Understand potential challenges Assignments, Projects
business environment and its Moroccan public companies are
challenges [Understanding] facing in the Casablanca Stock
Exchange.

6. Global: Comprehend the global business environment

a Understand the global Understand and learn about Assignments, Projects
business environment and practices in mature advanced
challenges [Understanding] financial markets

3. Course Resources
In addition to the required textbook (Brealey, Myers and Allen, (2011), Principles of
Corporate Finance, 10th Edition, McGraw-Hill International Edition), students have to read
financial (and also economic) newspapers during the semester. The course will frequently
discuss important current events linked to the international financial environment.
Recommended newspapers include:
Google financial news
Financial Times
The Economist
Business Week
Wall Street Journal

Students are highly encouraged to use the available academic resources such as tutoring
service, writing center, language help, counseling services, and other student support such as
Center for Learning Excellence and Counseling.

4. Class Schedule
Weeks Topic
1-2 Goals and Governance of the Firm
3-4 Financial Markets and Institutions
5-6 Time Value of Money
7-8 Valuing Bonds
9 Review and Mid-Term Exam
10-11 Valuing Stocks
12-13 Net Present Value and Other Investment
Criteria
14-15 Project Analysis
16 Review and Final Exam
Please note that this class schedule and course requirements may be subject to change during the
semester.

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5. Teaching Method

The PowerPoint slides distributed for this class are adapted from the text and designed as
guide points to help you prepare for class and to review general issues. However, to
understand the finer grain of the course material will require close attention to readings and
practice problems, participation in class discussions and careful note taking in lectures.
These actions will likely be necessary for getting to or above the mean course grade.
6. Assessment

Two examinations will be given during the semester including the final exam. A final exam
will be given at the end of the semester during the normal university examination period. Any
attempt of cheating or plagiarism results in an automatic F in the course and this has
been enforced at the school level so far. Failure to attend an exam will result in a score
of zero; no make-up exam will be given unless your absence is approved by the VPSA.

Your grade for this course will be based on the following:

The CFA Institute Ethical Decision Making Framework1 10%

Assignments 5%
Mid-Term Exam 35%
Final Exam 35%
Attendance and class Participation 15%
100%

The CFA Institute Ethical Decision-Making Program

This online course, which is hosted in the CFA Institute Ethics Learning Lab, helps you navigate
ethical situations using the Ethical Decision-Making Framework. You'll be presented with real-world
scenarios and case studies in an online platform that allows you to interact with your peers and study
at your own pace.

You register and complete the course before December 1st in the Fall semester, May 1st in the Spring
semester and July 1st in the summer session. To register use the link below:

https://event.on24.com/eventRegistration/EventLobbyServlet?
target=reg30.jsp&partnerref=ewebsite&eventid=2519930&sessionid=1&key=1466F4A9D3F3681C2
73120AF59820704&regTag=&sourcepage=register

To earn a full grade (100%) in this assignment, the student has to provide all emails sent by
CFA institute confirming that he/she passed all seven “field manuals” plus the “Ethical Decision
Making Framework” certificate before the deadline of the course. Student have to attend at
least one interactive webinar organized by the CFA institute.

The exams may be given on the dates that are different from those listed in the class calendar.
The exams are not cumulative, but course material later in the semester will build upon
earlier material. Failure to attend an exam will result in a score of zero; no make-up exams
will be given unless your absence is approve by the DSA. Potential conflicts with an exam
date must be discussed with me well in advance of the exam itself.

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If the is any change in this item, the 10% will be split between mid-term and final exams.
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Grading
To pass the course, you must earn at least 70% of the total possible points. The official grades in this
course are:

Grade Mark Grade Mark Grade Mark Grade Mark

Letter Range Letter Range Letter Range Letter Range
A+ 97-100% B+ 87-89% C+ 77-79% D+ 67-69%
A 93-96% B 83-86% C 73-76% D 60-66%

7. Class Participation
You are encouraged to participate actively in class. Contributions will be assessed based not
only on the quantity of the student’s participation but also on its thoughtfulness, quality and
relativity to class material. Therefore, a student must be prepared for every class and should
strive to be a regular contributor to class discussions.

8. Course Policies:

(With my apologies to the vast majority of our responsible students)

 Attendance and lateness: Attendance is mandatory; you are responsible for

all administrative announcements given and material presented during class
time. Every unexcused absence will decrease your attendance grade by 20%.
More than 5 absences will negatively impact your participation grade. You are
expected to come to class on time. Three late coming are reported on Jenzabar
as one absence. (for more details refer to AUI attendance policy)
 Academic integrity: For academic integrity please refer to pages 94 and 95 in
AUI Catalog. As your instructor I will take reasonable actions to judge if a
cheating act or attempt occurred. The penalty for cheating is failure of the
course with an “F.” (More exam policies will be listed on the first page of
every exam.)
 Cell Phone use in the classroom: Cell phones are a source of unnecessary
distraction for some students. You are not allowed to use your cell phone in
the classroom and need to keep it out of sight. All students need to keep their
cell phone off during a class session and cannot use them as watches,
calculators, digital cameras, recorders, dictionaries or for internet access.

9. Student resources:

Please note that there are many resources available to you such as tutoring service, writing
center, language help (catalogue pages 83-84), counseling services (catalogue page 77), and
other student support such as Center for Learning Excellence and Counseling (catalogue page
77).

The Center for Learning Excellence (CLE) at Al Akhawayn University aims at assisting
students in learning how to study and prepare for different courses. The CLE offers various
tutoring services, including Learning Groups, walk-in sessions, and private tutoring sessions
for regular tutees. Tutoring sessions are available in several subjects so as to address the
different academic needs AUI students might have. These sessions are usually held in the

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afternoons, starting 2 p.m., by well-qualified students, whom we hire to tutor for courses they
have passed excellently.

The CLE is located in Bldg 7/ Room 115. Courses offered and their schedules and locations
are communicated in the beginning of each semester, and the CLE announcements are sent
via emails throughout the semester.

For more resources please refer to pages 77 and 83-84 from the Academic Catalog of the
university.

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 University’s Attendance Policy

Attendance has been shown to be a key factor in academic success. Any absence, regardless
of the reason, will prevent the student from getting the full benefit of the course. Therefore,
students should recognize the advantages of regular and punctual class attendance, accept it
as a personal responsibility and apprise themselves of the consequences of poor attendance.

Policy: Absences are controlled by faculty members. The number of absences for whatever
reason (except as indicated in points 1.1, 1.2 and 1.3) is taken into account in the final grade.

1. Excused Absences
Students may be authorized by instructors to be absent from class for institutional reasons as
specified in 1.1, and 1.2 below. However, the instructor may deny the student permission to
be absent if the student’s academic performance is not judged to be adequate. Once approved,
these absences should not count in the student’s absence record. Instructors should be
informed before the absence to agree with the student on a suitable time and manner for a
make up should it be necessary. A maximum of three of these absences per semester could
be authorized.

1.1 External Events: student must submit a completed and signed form from the Office of
Student Activities to the instructor. Examples of these absences include participation in
university-sponsored sports, cultural or other events as a University representative.

1.2 Field Trips as part of a class requirement or as authorized by a Dean: the Dean’s assistant
of the school offering or authorizing the trip should sign the absence request form.

1.3 In case of protracted illness or emergency condition necessitating hospitalization,

students may exceptionally appeal to the Vice President for Student Affairs so as not to be
dropped from a course. However, extended illness may lead to the semester not being
validated.
No other justification will be accepted. Students should be prepared in case they have to be
absent for personal or family reasons.

2. Impact of absences on grades

Each unauthorized absence shall result in a deduction from the class participation grade up to
the limit set in section 3 below when a WF is assigned.

3. Ceilings before a WF is assigned

When a student exceeds the ceiling given below, the instructor may sign an administrative
withdrawal form:
3.1 For classes which meet twice a week, this ceiling is set at 5 absences
3.2 For classes which meet three times a week, the ceiling is set at 7 absences
3.3 For classes which meet five times a week, the ceiling is set at 10 absences.

4. Pre-authorized absences

Notification of planned absences using the Absence Requests Form available at the Student
Activities Office must be delivered to the instructor, with permission signed and dated by the
instructor.

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Once notified of planned absence, the instructor should inform the student of the deadline for
completion of any missed assignment or examination where applicable. Make-up
examinations, if necessary and acceptable to the instructor, shall be at a time and place
mutually agreed upon by the instructor and students.

4.1 Each week an email will be generated from the system to all students informing them
about their absence record. The Vice President for Student Affairs or his representative will
monitor the system and call in students with an attendance problem and direct them to the
proper assistance service.
4.2 During the Add and drop period, no absence is accepted in a course; add and drop should
be done outside class time.
4.3 In case of a late registration, students assume full responsibility for their absences as
recorded from the first day of classes.

5. Administrative Withdrawal

When a student has exceeded the maximum number of absences according to the mentioned
ceiling (except as stated in points 1.1 and 1.2); the instructor has the right to drop a student
from a course with a “WF” grade. Special hardship cases as stated in 1.3 above may be
referred by the Vice President for Student Affairs to the Dean/Director’s appreciation.
The “Administrative withdrawal form” must reach the Registrar’s Office at least 5 days prior
to the first day of final exams.