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Course Descriptions for the Finance Department

Finance  
List of all courses and their descriptions
List of all courses, their descriptions and offerings in the schedule book

FINA3000 - Principles Of Finance
Fall 2014

This course is an introductory course emphasizing the basic financial principles and practices essential to managing a business. Among the topics introduced are the time value of money, working capital management, financial analysis, financial planning, cash-flow analysis, operating and financial leverage, capital budgeting, long-term financing, cost of capital, and capital structure. Students also learn fundamental techniques for valuing financial assets such as stocks and bonds. The course complements its introduction of important financial concepts and relationships with a strong focus on problem solving. This course relies heavily on accounting concepts and should be taken as soon as possible after completion of accounting prerequisites.
Prerequisites: ACCT2060, ECON1020 and MATH1010
3 Credits

FINA3050 - Finance Technology
Fall 2014

This course covers a broad range of technological issues facing the finance professional and is broken into 4 major components. Component I The course reviews and expands the student's understanding of Excel and how it is used in the business community. Component 2 Provides the training and procedures to extract financial Data from Bloomberg, EDGAR, and Yahoo Finance. Component 3 Combines the Excel training (component 1) and the data retrieval of (component 2) to allow the student to complete a financial analysis of the firm. Component 4 Again combines the Excel training (component 1) and the data retrieval of (component 2) to Forecasting and Modeling in the business environment. It is by integrating all of those functions into one class that we can provide our students with the training and knowledge not only needed in today's financial work place, but also the skills needed to perform to a higher standard in classes such as Investments, Corporate Finance, International Finance, and Financial Analysis.
Prerequisites: FINA3000, INFS1020, and STAT2110
3 Credits

FINA3100 - Investment Analysis I
Fall 2014

This course focuses on common stock, the stock market, stock options, and approaches to investing in the stock market and building stock portfolios. Particular emphasis is given to three competing approaches to stock investment: fundamental analysis, technical analysis and efficient market analysis. Students are introduced to portfolio theory and study various methods of modeling the risk associated with stock investment such as the capital asset pricing model and arbitrage pricing theory. Also discussed are the distribution of stock to the public, the broker-client relationship, different types of orders investors can place with their broker, short-sales of stock, investment companies, margin accounts, speculation, and hedging. Stock and option valuation models will be discussed as well as the use of stock options in portfolio insurance strategies.
Prerequisites: INFS1020, FINA3000, and STAT2110 or ASCI2010
3 Credits

FINA3150 - Investment Analysis II
Fall 2014

This course focuses on fixed income securities such as bonds and preferred stock and related derivative securities such as interest rate futures contracts. Considerable emphasis is given to different types of debt instruments including money market securities, Treasury bonds, government agency securities, municipal bonds, corporate bonds, convertible bonds, and asset-backed securities. Also emphasized will be bond ratings, interest rate risk, bond risk measures such as duration and convexity, bond portfolio immunization and the use of interest rate future contracts to hedge interest rate risk. Considerable attention will be paid to mortgaged-backed securities including mortgage bonds, pass-through mortgage securities, CMO's, and such derivatives as "floaters" and "reverse floaters".
Prerequisite: FINA3100
3 Credits

FINA3200 - Corporate Finance
Fall 2014

This course expands upon the basic techniques and concepts of financial management that were taught in FN300. Topics include capital budgeting given uncertainty, capital structure, cost of capital, warrants and convertibles, dividend policy, lease financing, and mergers and acquisitions. The course emphasizes problem solving by applying basic financial principles and tools to corporate financial decisions. Cases may be used for practice in applying theory to solve "real world" financial problems. Software proficiency in spreadsheet is required.
Prerequisites: FINA3000, STAT2110 or ASCI2010, and INFS1020 or INFS1050
3 Credits

FINA3300 - Retirement and Estate Planning
Fall 2014

This course will focus on the fundamentals of retirement planning and estate planning. Students will be given detailed introduction to personal retirement plans and the tools available for helping clients attain retirement goals. This will require some discussion of Federal Income Tax law. Considerations and techniques for transferring wealth upon death will also be explained. Particular attention will be paid to the unified Federal Gift and Estate Tax laws.
Prerequisite: FINA3000
3 Credits

FINA3400 - Financial Analysis
Fall 2014

This course develops the analytical skills necessary to evaluate business and investment opportunities based on available financial statements. A primary goal is developing the ability to use and interpret the annual reports of major corporations. Although similar to intermediate financial accounting, this course is taught from the perspective of the user rather than the preparer of financial statements. The course provides a realistic and organized approach to reviewing financial statements and develops a student's ability to glean relevant information from financial statements as well as an appreciation of the limitations of publicly available financial data. Students will work extensively with computer spreadsheets.
Prerequisites: FINA3000, STAT2110, FINA3100, and INFS1020
3 Credits

FINA3500 - International Finance
Fall 2014

This course studies the financial management of multinational corporations. The course begins by reviewing the theory of comparative advantage, the international monetary system, and global money and capital markets. The major focus, however, is on the financial policies and strategies of multinational enterprises. Topics include the methods and process of financing international trade, risk analysis, hedging and arbitrage, multinational capital budgeting, and working capital management. and tax considerations in making multinational financial decisions. The course also considers balance of payments, mechanisms of balance of payments adjustments, and the effects of trade barriers and restrictions on exchange rate movements.
Prerequisite: FINA3000
3 Credits

FINA4100 - Real Estate Investmnt Analysis
Fall 2014

This course examines the unique valuation and financing problems associated with income-producing real property. Real estate is not fungible, i.e., each unit is unique and has no perfect substitute. Real property is further distinguished from other investment vehicles by the fact that its value is a function of how an investor plans to use it. Students receive an insight into the complexities of real estate investment and financing including property selection, taxes, various ownership forms, and insurance. The course emphasizes the financial aspects of real estate including appraisal, feasibility analysis, and the markets for income producing properties. It provides an opportunity to apply valuation principles learned in other finance courses.
Prerequisites: FINA3100 and 90 credits
3 Credits

FINA4250 - Derivative Securities
Fall 2014

This course examines in depth the characteristics of derivative securities such as futures and options contracts, repurchase agreements, and interest rate swaps. The course examines the markets for derivatives securities including the financial needs that motivate financial engineering, the creation of derivative securities. Particular attention will be paid to speculative and hedging strategies that employ derivatives, to financial futures and to the pricing of various derivative securities. Software proficiency in spreadsheet is required.
Prerequisites -- FINA3100 AND STAT2110
3 Credits

FINA4260 - Advanced Financial Mathematics
Fall 2014

This course provides a deeper mathematical development of the financial models most frequently used in the study of financial mathematics. The course builds on the advanced valuation methods and hedging approaches for stocks, bonds, and financial derivatives. Models studied include advanced interest rate models, rational valuation of derivative securities, Black-Scholes option valuation, the arbitrage-free pricing model, and a brief introduction of risk management techniques. A prime knowledge of differentiation and integrtion is crucial and of differential equations is highly preferable.
Prerequisites: ASCI3150 and STAT3150
3 Credits

FINA4400 - Financial Modeling/Forecasting
Fall 2014

This course develops student's ability to use personal computers to produce pro forma financial statements and other projections of financial performance and financing needs. Applications software include a statistical forecasting package and a financial spreadsheet. A broad range of forecasting techniques are discussed as is the interpretation of economic forecasts provided by third parties. Decision situations will be modeled using techniques such as sensitivity analysis and "Monte Carlo" simulation.
Prerequisites: FINA3000 and STAT2110
3 Credits

FINA4500 - Risk Management & Insurance
Fall 2014

This course expands students understanding of risk and presents practical methods for dealing with risk. Topics covered include identification of risks, evaluating extent of potential loss, and selecting a method for handling risk exposure. Methods such as risk retention and hedging will be discussed, although much of the class will be devoted to the use of commercial insurance to cover risk exposures. The course will cover the legal principles associated with risk and insurance, analysis of insurance contracts, professional and product liability, automobile insurance, insurance related to commercial enterprises, insurance company operations and government regulation of the insurance industry.
Prerequisites: FINA3100 and 90 credits
3 Credits

FINA4600 - Mgmt Of Financial Institutions
Fall 2014

This course studies the management of financial institutions including commercial banks, thrift institutions, insurance companies, pension funds, and others. Topics include the impact of public policies and regulations, profitability, liquidity management, investment and loan management, asset/liability management, industry and market structure, holding companies, and mergers. A bank simulation game is used to help students see the "big picture" of managing a financial institution.
Prerequisites: ECON3400 and FINA3100 and 90 credits
3 Credits

FINA4916 - Internshiip/Co-Op
Fall 2014

Course description unavailable, please contact Academic Services.
Please try again at a later time
6 Credits

FINA4923 - Internship/Co-Op
Fall 2014

Course description unavailable, please contact Academic Services.
Please try again at a later time
3 Credits

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