Instructor: Glen Tenney


Meeting Times: Internet Course, no specific meeting times


Office: GTA 102, (775-753-2203)


Semester: Fall, 2006


Office Hours: M-TH 4:00 -- 5:20 p.m.





Humanity is distinguished from the rest of the animal kingdom essentially by the ability, responsibility, and even necessity, to reason. Society acts wisely when it fosters the cultivation of reason in its members. Most people do not live by their own stock of reason because it may be rather small. They do well availing themselves of the general bank of reason which may be available on all levels of education. Formal education is a conscious, organized effort to impart in individuals the qualities and characteristics that will enhance and encourage the use of reason.  


This course is a one-credit course that provides an introduction to financial budgeting in public or private organizations. Topics include the time value of money, the mathematics of finance, production and cash budgets, and capital budgeting. There are no prerequisites for the course.


The course is an elementary one that will fill the need by many in various organizations to understand the budgeting process. The importance of the timing of cash flows is the key concept in the course, and various aspects of this concept will be covered at an elementary level in the course.


Upon completion of the course the student will be able to:

1. Recognize that a positive rate of time preference is a basic universal human trait.

2. Calculate present and future values of various cash flows.

3. Prepare a simple cash budget, given certain assumptions about the timing of specific components.

4. Formulate and analyze elementary capital budgeting decisions using the payback method, the internal rate of return method and the net present value method.


These outcomes will be measured via the studentís participation in answering the questions posed on the bulletin board, by the assignments completed for each module, and by the final exam for the course.



Week 1

Monday, Jan. 23 -

Sunday, Jan. 29

Assignment #1

Due Sunday, Sept. 3

Why Financial Budgeting?

Week 2

Monday, Jan. 30 -

Sunday, Feb. 5

Assignment #2

Due Sunday, Sept. 10

All Roads Lead to Cash

Week 3

Monday, Feb. 6 -

Sunday, Feb. 12

Assignment #3

Due Sunday, Sept. 17

The Time Value of Money

Week 4

Monday, Feb. 13 -

Sunday, Feb. 19

Assignment #4

Due Sunday, Sept. 24

Three Roads to Capital Budgeting Decisions

Week 5

Monday, Feb. 20 -

Sunday, Feb. 26

Final Exam

Due Sunday, Oct. 1




This is an Internet course. Students will access a site called WebCT, which will be the springboard for the activities in the course. From the Course Homepage within WebCT, students will access various areas such as the Background Materials, the Bulletin Board, PowerPoint Presentations, Course Email, the weekly Assignments, and the Final Exam.


The Background Materials for each module of the course provide the student with concise explanations of the key concepts to be learned as well as links to other sources where more detail can be obtained.


For each week of the course, students will be given one specific question related to the topic under consideration. On the electronic bulletin board used in the class, students are required to post their responses to each question based upon their reading of the material for that module. Students are encouraged to participate in these bulletin board discussions by making several postings each week. Postings can be made any time during the week, but students are encouraged to make posts early in the week so that other students have the opportunity to respond.


For each module, a series of PowerPoint presentations are provided within WebCT. These presentations provide the student with the highlights of the important principles to be learned in each module of the course.


The student will be required to prepare one written assignment for each module. Each assignment should be carefully formulated and drafted, should use correct grammar and spelling, and should address the topic assigned by the instructor for the module under consideration. These assignments are due no later than the Sunday following the week of study. This gives students the weekend to catch up on anything missed during a busy week.




Passing grades for the course will range from A to D, and will be determined based on the student's performance on the four weekly assignments, the bulletin board postings and the final exam at the end of the course. The relative importance of each of these items is demonstrated below with the use of a point scale.

4 Assignments @ 25 points each


4 Weeks of continuous bulletin board posting @ 10 points each 


1 Final Exam 




Total points possible





Students will need access to a computer with Internet communications capability.


A calculator will be helpful for the course.  



Although there is no outside reading required for this course, the student will find The Wall Street Journal a very readable daily publication with general applicability to this course. Students are encouraged to subscribe to the Journal at student rates, and to read it on a regular basis.



Note: The instructor reserves the right to change certain aspects of the course syllabus, such as the schedule, grading procedures, or materials. However, no changes will be made without informing class members in a timely and clear manner. It is not anticipated that there will be major changes in the content of this syllabus.