Overview

In this course, you will learn all about International corporate finance including currency conversion and risk, capital budgeting and net present value. You will also learn some practical investment advice about asset allocation and risk. You will learn by reading, quizzes, exams, case studies, individual projects and Group projects (see Group Projects under DISCUSSION BOARD). What you learn in this course will benefit you by giving you a full understanding of how Multinational firms evaluate risk and opportunities and how the business and investment worlds finance ventures.

Objectives

 A working knowledge of arithmetic, average skills in reading comprehension, and the ability to visualize and understand the basic operations of individual business activities in a free enterprise economic system. FIN 215 is strongly suggested before taking this course.

Upon completion of the course, you will:

1. Understand the role and place of the finance functions in the International business organization
2. Know the objectives of financial management in the International business organization
3. Evaluate the financial condition and financial performance of an MNE by computing and interpreting key financial ratios derived from the firm's financial statement
4. Understand the tradeoffs between global risk and expected return
5. Calculate the degree of operating leverage, financial leverage, and combined leverage for an MNE
6. Know how to study the interrelationships between worlwide currencies
7. Know how to project an MNE's future financing needs by using the percent of sales method, trend analysis, linear regression, cash budgets, and pro-forma financial statement
8. Recognize the relationships between types of assets and how they are financed.
9. Familiarize him/herself with the concept of International optimal capital structure
10. Familiarize him/herself with principles and techniques of working capital management including cash management, management of marketable securities, accounts receivable management, inventory management, and sources of short-term financing
11. Familiarize him/herself with International capital budgeting techniques
12. Know how to make compound interest and present value calculations to solve valuation problems including bond prices, common stock valuation, future value and present value of single sums, annuities, and uneven cash flows 
13. Familiarize him/herself with the sources of intermediate and long-term funds including the International primary and secondary security markets
14. Recognize the principal advantages and disadvantages of common stock, financing, preferred stock financing, bond financing, and lease financing in a global environment
15. Know how to calculate an MNE's cost of capital by weighing the cost of debt, preferred stock, and common equity 
16. Know how to use the Internet in order to obtain International financial information about business firms, specific industries, and securities markets

Materials

Your course grade will be determined by the introductory letter, 1 project, 6 quizzes and 3 exams, according to the following points:

Exams

There are 3 exams in this course. You are expected to take your examinations at one of the NVCC campus Testing Centers. Be sure to allow enough time to complete your exam before the Testing Center closes; Testing Centers have specific policies relating to the administration of ELI exams. You will need to take a photo ID, your NovaConnect empl ID number, and the appropriate Exam Pass when you go to the Testing Center.  

For Testing Center locations, hours of operation and policies, click here.

For information on taking exams outside of the metropolitan area, click here.

ELI Policies and Procedures

Contacting the Instructor

Professor Mark D'Antonio:

You can contact me by telephone at (703)878-5789.  My office is located at the Woodbridge Campus, in Room 302F.  You can also contact me by email at mdantonio@nvcc.edu.

Beginning the Course

1. Use your web browser to connect to http://www.nvcc.edu/bbstart. Follow the directions to determine your email, Blackboard and VIVA account user names and passwords.
2. Access your email account and make sure you know how to use it; you will be required to use this account for all course-related email.
3. Log on to Blackboard at http://learn.vccs.edu.
4. Click on this course under "My Courses." Review the entire course to make sure you understand what will be required of you. Then start completing the assignments.

Please note that account generation takes approximately one week from the time of your paid registration. If you cannot log on after one week, contact the IT Help Desk. If you can log on to Blackboard, but your course isn't listed, please contact ELI or your instructor.