ACCT 2060 - Principles of Finance

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)
An introduction to the basics of finance with an emphasis on the structure of financial statements, taxes, cash flows, ratio analysis, time-value-of-money, annuities, bond valuation, stock valuation, and capital budgeting. UG

3 Lecture Hour(s);

Required Prerequisite Course(s): Take ACCT 1010

College Wide Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking	Bonds –Critical Thinking VALUE Rubric- week 8-9
Information Literacy
Quantitative Literacy

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Explain the role of finance in a business and how agency problems influence it.	Exam- Weeks 1 - 2
2. Analyze financial statements as they are used for financial decisions.	Graded homework, exam – Weeks 2–4
3. Calculate income tax, average and marginal tax rates, and cash flows.	Graded homework, exam – Weeks 2–4
4. Calculate standardized financial statements and financial ratios and use results for analysis of a firm.	Graded homework, exam – Weeks 4-5
5. Calculate time value of money scenarios, including multiple cash flows and annuities. Student will be able to calculate the rate of an investment or the length of time needed to reach desired value if unknown.	Graded homework, exam – Weeks 6-8
6. Calculate loan payments and interest rates, if unknown, and differentiate between how loans are paid off.	Graded homework, exam – Weeks 7-8
7. Identify different types of bonds and stocks and their characteristics.	Graded homework, exam – Weeks 8-9 and 10-11 (bonds and stock are covered under two different chapters)
8. Calculate bond values, including unknown rates of return.	Graded homework, exam – Weeks 8-9
9. Calculate stock values using a zero growth model and the dividend growth model.	Graded homework, exam – Weeks 10-11
10. Evaluate the different capital budgeting methods, including their shortfalls.	Graded homework, exam – Weeks 14-16
11. Calculate net present value, payback, average accounting return, internal rate of return, and profitability index. Student will be able to evaluate a project based upon findings.	Graded homework, and exam Weeks – 14-16

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link