VANCOUVER CAMPUS

SCHOOL OF PUBLIC AND GLOBAL AFFAIRS

Master of Administrative Science

Syllabus – Part I. General Information

Course Title: Financial Administration Revision Date: Spring 2022 V1

Course MADS 6601 Credits: 3

Catalog
Number:

Acknowledgment of Traditional Territory

FDU – Vancouver Campus acknowledges that the land on which we gather is the unceded
territory of the Coast Salish peoples, including the territories of the xʷməθkwəy̓əm (Musqueam),
Skwxwú7mesh (Squamish), Stó:lō and Səlílwətaʔ/Selilwitulh (Tsleil-Waututh) Nations.

Course Course Catalog Description: Analysis of the concepts and principles used in
Description: the financial administration of the public, private and not-for-profit sector. This
includes the key elements of accounting, budgeting, planning and control,
auditing, and their integration into a comprehensive administrative control
system, including issues of systems design and implementation.

This course shall focus upon a review of the relevant literature available within
the assigned text and related on-line resources. Instructional methodology shall
consist of lecture, facilitation, discussion and guest speakers. Contemporary
and educational videos will be utilized as appropriate to reinforce specific
lesson goals/objectives.

Prerequisites: Admission to the MAS Degree program or special permission of the Director.

Course This course is designed to have students develop an understanding and

Goals: appreciation of the importance of the financial management function. Students

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 should be able to:
 Compare financial planning and strategies to the operations of the
organization
 Assess the role of financial management in helping a business achieve
its objectives within a good ethical and corporate governance
environment;
 Distinguish accounting from financial management;
 Compare techniques used in investment decision making;
 Contrast issues and costs of obtaining long-term funds;
 Differentiate financial control over the working capital of a business;
 Assess methods for measuring and managing shareholder wealth; and
 Evaluate investment appraisal methods.

Entrance Since MADS 6601 is a core administrative science course, no prior knowledge
Competencies: of management systems is required. Participants should be familiar with basic
information regarding their own organization's administrative and management
practices.

Exit By the end of the course, class participants will be able to:
Competencies:
 Express how the role of financial management is perceived and
compared with other management functions in the organization;
 Explain how accounting is used in financial management;
 Describe how the time value of money is determined in financial
management and how it is used;
 Compare techniques used in investment decision-making;
 Explain the various aspects of the financing decision-making;
 Compare the issues and costs of obtaining long-term funds and the
lease-versus-buying decision;
 Evaluate the effectiveness of various methods for measuring and
managing shareholder wealth;
 Compare the investment appraisal methods, financing, and capital
market operations.

MAS Student Each program has identified outcome measures that indicate whether students
Learning are successful in meeting the specific outcomes for the program. The following
Outcomes: are the four outcome measures that will be assessed for the MAS program:

1. Strategic Orientation – Students will demonstrate their ability to

collaborate with others to dissect and interpret internal and external
factors, devise potential solutions or opportunities, and formulate
strategic recommendations.
2. Communication – Students will demonstrate their ability to interpret,
analyze and summarize key information which they will portray in oral
and written form using style, grammar, mechanics, and format
appropriate to the audience
3. Information Literacy –Students will demonstrate their ability to
source, evaluate, analyze, and classify information from traditional

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 print, digital, and internet sources to explain or events or to prescribe
recommendations
4. Critical Thinking –Students will demonstrate their ability to critique,
evaluate and apply theory to interpret and explain events and issues.

This course will address competencies 2 and 4.

Textbook(s): New Jersey: Brigham, E.F. & Houston, J.F. (2019). Fundamentals of Financial
Management (15th Ed.). Cengage Publishing.

Vancouver: Ross, S.A., Westerfield, R.W., Bradford, D.J., Roberts, G., Pandes,
J.A., Holloway, T. (2019). Fundamentals of Corporate Finance (10th Ed.)
McGraw Hill Publishers.

Additional material will be handed out weekly; these materials will include but
not be limited to articles published by the Harvard Business Review Press.

Supplemental The following list of suggested reading materials is not an exhaustive source of
Readings: published works that focus on this topic. Some of these appear to be vintage
sources, but they are considered seminal materials that are appropriate for this
topic.

Ashar, K. (2019). Financial accounting essentials you always wanted to know

(Self Learning Management Series, Book 4). (Kindle edition). Vibrant
Publishers.

Asher, K. (2019). Financial management essentials you always wanted to know

(Self Learning Management Series, Book 4e). (Kindle edition). Vibrant
Publishers.

Bushman, R.M. & Smith, A.J. (Apr 2003). Transparency, financial accounting
information, and corporate governance. Economic Policy Review, 9(1), p. 65.

Christensen, C.M., Overdorf, M., Davenport, T.H., Drucker, P.F., Goleman, D.,
Kaplan, R.S., Norton, D.P., Kanter, R.M., Kotter, J.P., Levitt, T., Porter, M.E.,
Prahalad, C.K., & Hamel, G. HBR’s 10 must reads: The essentials.
Cambridge, MA: Harvard Business Review.

Cosabona, P.A. (Nov/Dec 2002). Recent accounting standards are changing

the content of corporate financial statements. AFP Exchange, 27(6), pp. 98-
101.

Fields, E. (2016). The essentials of finance and accounting for nonfinancial

managers (3rd Ed.). New York: AMACOM, a division of the American
Management Association.

Finley, J.R. & Finley, W.E. (Jan-Mar 2010). Financial accounting standards
board accounting standards codification: Implications for access. Behavioral

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& Social Sciences Librarian, 29(1), pp. 3-14.

Gauthier, S.J. (Oct 2010). GFOA takes position on proposed pension changes.
Government Finance Review, 26(5), pp. 83-86.

Gautier, S.J. (Aug 2010). Finance reform act affects state and local
governments in many ways. Government Finance Review, 26(4), pp. 76-78.

Gauthier, S.J. (Aug 2009). The GFOA weighs in on pensions. Government

Finance Review, 25(4), pp. 80-82.

Gautier, S.J. (Oct 2004). Presenting information in financial reports.

Government Finance Review, 20(5), pp. 64-66.

Hartley, S. (May 2010). What accountants do. BusiDate, 18(2), pp. 2-5.

Hines, T.M. (2007). International financial reporting standards: A guide to

sources for international accounting standards. Journal of Business & Finance
Librarianship, 12(3), pp. 3-26.

Ittelson, T.R. (2009). Financial statements: A step-by-step guide to

understanding and creating financial reports. Pompton Plains, NJ: Career
Press.

Kane, N.M. & Magnus, S.A. (Feb 2001). The medicate cost report and limits
of hospital accountability: Improving financial accounting data. Journal of
Health Politics, Policy and Law, 26(1), pp. 81-106.

Kaplan, R.S. & Kiron, D. (April 29, 2004). Accounting fraud at WorldCom.
Cambridge, MA: Harvard Business Review.

Kimmel, P.D., Weygandy, J.J., & Kleso, D.E. (2009). Financial accounting:
Tools for business decision making. Hoboken, NJ: Wiley.

Libby, R., Libby, P., & Short, D. (2008). Financial Accounting (6th ed.).
Columbus, OH: McGraw Hill.

McCrary, S.A. (2009). Mastering financial accounting essentials: The critical

nuts and bolts. Hoboken, NJ: Wiley.

McNichols, M. * Taayan, B. (May 18, 2007). Haliburton company:

Accounting for cost overruns and recoveries. Cambridge, MA: Harvard
Business Review.

Moss, D.A. & Brennan, S. (Dec. 2002). National economic accounting: Past,
present, and future. Cambridge, MA: Harvard Business Review.

Pittman, J. & Wilheim, K. (2007). New economic and financial indicators of

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 sustainability. New Directions for Institutional Research, 134, pp. 55-69.

Porter, G.A. & Norton, C. (2010). Financial accounting: The impact on

decision makers. Mason, OH: South-Western College Pub.

Rapoport, M. (8/13/2009). FASB looks to expand mark rules. Wall Street

Journal –Eastern Edition , 254(37), p. C3.

Seigel, S.E. (Mar 2007). There’s a FIN in the water. Vital Speeches of the
Day, 73(3), pp. 108-111.

Stickney, C.P., Weil, R.L., Schipper, K. & Francis, J. (2009). Financial

accounting: An introcution to concepts, methods, and uses. Mason, OH:
South-Western College Pub.

Tinker, S.J. & Hart, M. (Mar 2010). Stopgap measure: Freezing the GAAP in
loan agreements. AFP Exchange, 30(2), pp. 12-15.

Williams, J., Haka, S., Bettner, M. & Carcello, J. (2009). Financial and
managerial accounting. Columbus, OH: McGraw-Hill.

Additionally, the Weekend Edition of The Wall Street Journal and recent
and/or seminal articles within the Harvard Business Review and related
literature should be reviewed. Students are required to identify and report on
relevant literature available through printed and electronic media.

GRADING POLICY

Grade Scale: A 95 – 100 B- 80 - 82

A- 90 - 94 C+ 75 - 79
B+ 87 - 89 C 70 - 74
B 83 - 86 F Below 70
* Refer to the “Syllabus – Part 2. Specific Course Information

Course Procedures:

General Classes will follow the University campus calendar and will start and end
Information: according to the course schedule. Refer to the “Syllabus – Part 2. Specific
Course Information” for specific activities, rubrics, calendar dates, and
schedule. Assignments and assessments are found in that document as well.

Students need to have access to the Internet, Microsoft Office (PowerPoint and
Word), WebCampus (Blackboard), and their FDU email accounts. Assignments
are to be typed, double-spaced, and in font style, Times New Roman, and font
size 12. Papers and assignments require APA style and format. *** Students
must submit their work in Microsoft Office 2003 format or higher.

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 Assignments should be submitted as a .doc or .docx file.

Excuses such as personal computer problems, laptop problems, printer

problems, or email problems (including FDU Webmail, WebCampus and
WebAdvisor issues) are unacceptable, as all FDU students have access to the
University’s computer labs and the University Technical Assistance Center
(UTAC), which can be reached at [email protected] or 973-443-8822. A
University ID is required for assistance.

Attendance Class participation is an integral part of the learning experience. It is essential

and that participants participate in online class discussions and assignments.
Punctuality
Policy: In person classes require students to participate regularly. The quality of the
participation will be included in the participation grade. Students must come
prepared to discuss work assigned and to interact with fellow students in an
appropriate manner.

When offered as an online course or in a blended format, diligence and

maximum participation is essential in the discussion boards so that all materials
are adequately discussed. In the online discussion board, students must read
and answer Discussion Board Questions and respond to the instructor and
fellow classmate’s postings. Each student needs to participate over the entire
week and not wait until the end of the week to read, react, and post. Failure to
participate timely in both a qualitative and quantitative manner will impact the
Discussion Board / Online Participation grade.

Late Work: Assignments/postings must be submitted when due. Late work will be
subjected to a reduced grade when it is turned in past a due date or after the
conclusion of a unit for online work.

Extra Credit: There will be no extra credit work or extra credit assignments accepted at any
time during this course.

Withdrawal If you choose to withdraw from this course, it is your responsibility to complete
Policy: the official withdrawal process. Informing the instructor that you wish to
withdraw or not attending class is not sufficient. If you do not officially
withdraw before the “Last Day for Student Withdrawal from Classes” listed on
the following “Important Dates” section, you will receive a grade based upon
your performance in the class.

Grade Midterm and Final grades will be provided through WebAdvisor, the normal
Notification: reporting process. No final grades will be provided to a student through any
other electronic medium.

Disability Any student with documented medical, psychological, or learning disabilities,

Support who feels he/she may need in-class academic adjustments, reasonable
Services: modifications, and/or auxiliary aids and services while taking this course,
should first contact the Disability Support Services (DSS) to discuss his/her

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 specific needs. For the Florham Campus, including the School of Pharmacy
and study abroad programs, contact the Director of Disability Support Services
at 973-443-8079. For the Metropolitan Campus, online, and off-campus
programs, please contact the Campus Executive Office at 201-692-2477. Once
the academic adjustments, modifications, or auxiliary aids and services are
approved by DSS, please make an appointment to see the professor.

Vancouver’s Disability Support Services are available at the Office of the

Deputy Campus Executive, 2nd Floor, Room 214, 842 Cambie Street,
Vancouver. The phone number is 604-648-4460.

Reference / All FDU students have access to the FDU online library (http://fdu.edu/library)
Sources: that has thousands of full text articles available. To access this site, click on the
library button on the FDU homepage and use your username and password
from your email account to search the various journals. In accordance with the
MAS program, sources need to be referenced and cited according to the
American Psychological Association (APA) style. A short version of APA
version 7 guidelines can be accessed at the following link:
https://apastyle.apa.org/instructional-aids/reference-guide.pdf

Academic The School of Public and Global Affairs is concerned with Academic Integrity
Integrity: and follows the University’s policy on this topic. All work in this course is
expected to be that of the individual student and/or the work of others that is
appropriately cited. Any paper or examination that misrepresents the work of
others as that of the student will receive a grade of “0” for that assignment.

Work in this course is also expected to be prepared specifically to fulfill

assignments in this course. Any duplication of material submitted for course
credit in this course and another course without appropriate disclosure and
approval of that duplication is also subject to a grade of ‘0’ and will be duly
reported to the University. (Example: Submitting the same, or essentially the
same, paper to two different classes for course credit.)

Plagiarism is taken seriously at the University and may lead to disciplinary

actions. The complete University policy can be found on the University’s
website.

FDU’s Academic Regulations and Policy can be accessed at the following link:
https://www.fdu.edu/wp-content/uploads/2020/01/academic-regulations.pdf

Correspon- All correspondence will be through the FDU.EDU email system. Personal
dence: emails will not be used. General announcements will appear on the
WebCampus site set up for the course as an announcement button. Exams and
other assignments may require the use of the WebCampus site as well.

General Courses in the MAS program may be offered in different formats as well as
Comment on with different requirements to show that each individual student has attained

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Course the specific knowledge identified in the course. Instructors have the freedom to
Requirements: provide information in a format that best suits their teaching style. For this
reason, a separate “Syllabus -Part 2. Specific Course Information” for specific
activities, rubrics, calendar dates, and schedule is attached. Assignments and
assessments are found in that document as well.

All courses in the program will have a course shell on WebCampus where
information will be posted for students.
FDU Issues related to your FDU Webmail, WebCampus and Webadvisor accounts
Technical should be immediately directed to FDU Technical Assistance Center (UTAC)
Assistance at [email protected] / [email protected] / 973-443-8822.
Center:

The “Syllabus – Part 2. Specific Course Information” provides specific activities, rubrics,
calendar dates, and schedule relative to the format for the particular section of this course.
It also includes the assignments and assessments that will be used.

VANCOUVER CAMPUS

8
 SCHOOL OF PUBLIC AND GLOBAL AFFAIRS

Master of Administrative Science

Syllabus – Part 2. Specific Course Information

Course Title: FINANCIAL Term/Semester/Year: SPRING 2022 V1

ADMINISTRATION
Course MADS 6601 Location: Georgia Street Room 1113
Catalog
Number:
Meeting Tuesday Meeting Times: 12:00 pm – 2:50 pm
Days:
Course Remote: Weeks 1 and 2
Format: Face-to-Face: Weeks 3 - 14
Acknowledgment of Traditional Territory

FDU – Vancouver Campus acknowledges that the land on which we gather is the unceded territory of the Coast
Salish peoples, including the territories of the xʷməθkwəy̓əm (Musqueam), Skwxwú7mesh (Squamish), Stó:lō
and Səlílwətaʔ/Selilwitulh (Tsleil-Waututh) Nations.

Instructor Rick Humphreys

Name and
Contact [email protected]
Information: (360) 393-4125
Instructor Rick Humphreys holds degrees fr0m Simon Fraser University (BA, MBA) and University
Bio of Victoria (MEd). In addition, he holds a professional accounting designation (CMA -
Statement: USA). He had a 35-year career in financial administration in the B.C education sector.
Prior to his service in education, he held various corporate and public accounting
positions in the private sector in both Canada and the United States.
Mr. Humphreys has taught Accounting, Finance, Management, and Business Strategy
for many years at Fairleigh Dickinson University, University of Victoria, Simon Fraser
University, and City University.
His current academic research involves Aboriginal law, sociology, and spirituality

Grading GRADING AND ASSESSMENT:

Activities
and Grades will be distributed as follows:
Assessment
Quizzes and Homework Assignments 20%
of Learning:
Midterm Examination 1 40%
Midterm Examination 2 40%

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 Total 100%

In addition to regular class participation, homework assignments and two midterm

examinations (which may be in the form of case studies). Details of homework
assignments are explained below and will be elaborated upon in class.

Professionalism
Students are expected to attend class on time, show respect for their peers and
professor, engage in discussions, and demonstrate knowledge of the topic (because
they have read the chapters and completed all homework). Failure to do this will result

Quizzes

 Quizzes designed to review the assigned reading material will be assigned for
each class period.
 The completed Quiz is to be returned by email to the professor prior to each
class period.
 As with the Homework Assignments, failure to complete the homework exercises
will result in a reduced Professionalism grade, a reduced homework assignment
grade, and reduced overall performance on the midterm examinations.

Homework Assignments
 Problems will be assigned for each class.
 These assignments will be completed and reviewed in class.
 As with the Quizzes, Failure to complete the homework exercises will result in a
reduced Professionalism grade, a reduced homework assignment grade, and
reduced overall performance on the midterm examinations.

Midterm Examinations
 There will be two midterm examinations in the course. They may take the form of
definitions, multiple-choice questions and/or computational problems.

No makeup examinations will be given. If you miss either examination, you will likely fail
the course. The only exceptions will be due to prior notification with supporting written
documentation of illness or emergency and/or written approval of the University.

Class Schedule

Week Date Topic Instructor Ross Text

Lecture Chapters
Notes
1 25-Jan Introduction, The Algebra of Accounting and IFRS 1a, 1b, 1c 1
2 1-Feb Financial Statements 2 2

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3 8-Feb Financial Statements (cont.) 3 2
4 15-Feb Financial Planning and Analysis - Ratios 4 3
5 22-Feb Financial Planning and Analysis - Proforma Financial 5 4
Statements Method
6 1-Mar Financial Planning and Analysis (cont.) 6a and 7 10
7 8-Mar Midterm Examination #1 Weeks 1 -
6
8 15-Mar Time Value of Money and Bonds 8 and 9 5 and 7
9 22-Mar Managing Working Capital 10 8
10 29-Mar Cost of Capital (WACC) 11 14
11 5-Apr Capital Investment Decisions - Non-DCF 12 9
12 12-Apr Capital Investment Decisions - NPV and IRR 13 11
13 19-Apr Capital Investment Decisions - NPV and IRR 13 11
14 26-Apr Midterm Examination #2 Weeks 8 -
13

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