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| Finance (Fin) |
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Beneda (Chair), Dennis, Haskins, Lee, Nelson
and Smith
The Department of Finance offers two programs of study: 1) Investments and 2) Managerial Finance and Accounting. The Investments major offers a focus on investing, professional asset management, and risk management. This major is designed to provide students with an appropriate balance between theoretical knowledge and specific decision-making skills. Foundation courses cover modern finance theory and modeling, including valuation of both financial and real assets. Utilizing the resources available in the Lanterman Investment Center, a state-of-the-art “trading room” environment, students expand their knowledge of investment-related topics, including equities, fixed income instruments, financial derivatives, foreign exchange transactions, and many more.
he Managerial Finance and Accounting degree combines the essential attributes of traditional accounting and managerial finance programs into a combined major that meets the needs of those individuals desiring careers in corporate finance or accounting. Traditionally, accountants recorded transactions and other economic data and reported the results in the form of financial statements and internal managerial reports. Financial managers have typically forecasted, planned, and analyzed accounting data and presented the accounting data in formats convenient for decision making. There were some distinctions as well as overlaps in knowledge and skills needed in the two disciplines in the past. Recently, business has undergone a shift in responsibilities within the areas of accounting and finance. Specifically, the areas of financial and managerial accounting and the various topics in corporate finance such as corporate finance theory, financial statement analysis and investments have become interdependent for those seeking career opportunities in internal management and control, treasury management, and strategic financial management. The required major courses for this major include (plus three electives):
B.B.A. WITH MAJOR IN INVESTMENTS
Required 126 credits (36 of which must be numbered 300 or above, and 60 of which must be from a 4-year institution) including: |
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I. |
General Education Requirements (see University
GER listing). |
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II. |
The College of Business and Public Administration Requirements, see College listing and including: |
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Acct 200, 201 |
Elements of Accounting I & II |
(6) |
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Acct 315 |
Business in the Legal Environment |
(3) |
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Isys 117 |
Personal Productivity with Information Technology |
(1) |
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ISys 317 |
Information Systems in Enterprise |
(3) |
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Econ 201 |
Principles of Microeconomics |
(3) |
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Econ 202 |
Principles of Macroeconomics |
(3) |
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Econ 210 |
Introduction to Business and Economics Statistics |
(3) |
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Econ 303 |
Money and Banking |
(3) |
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Math 103 |
College Algebra |
(3) |
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Math 146 |
Applied Calculus I |
(3) |
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Mgmt 300 |
Principles of Management |
(3) |
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Mgmt 301 |
Operations Management |
(4) |
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Fin 310 |
Principles of Financial Management |
(3) |
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Mgmt 475 |
Strategic Management |
(1) |
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Mrkt 305 |
Marketing Foundations |
(3) |
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Pols 115 |
American Government I |
(3) |
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Comm 110 |
Fundamentals of Public Speaking |
(3) |
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One course selected from the following: |
(3) |
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Anth 171 |
Introduction to Cultural Anthropology |
(3) |
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Psyc 111 |
Introduction to Psychology |
(3) |
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Soc 110 |
Introduction to Sociology |
(3) |
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III. The Following Major Courses:
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Acct 218 |
Advanced Spreadsheet Applications |
(3) |
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Acct 301 |
Intermediate Accounting I |
(4) |
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Fin 321 |
Real Estate Finance and Investment |
(3) |
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Fin 340 |
Intermediate Financial Management |
(3) |
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Fin 360 |
Capital Market Financing and Investment Strategies |
(3) |
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Fin 370 |
Student Investment Fund I |
(1) |
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Fin 420 |
Investment Analysis and Portfolio Management |
(3) |
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Fin 430 |
International Financial Management |
(3) |
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Fin 440 |
Valuing Real Assets and Financial Strategy |
(3) |
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Fin 450 |
Financial Derivatives |
(3) |
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Fin 470 |
Student Investment Fund II |
(3) |
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Plus two electives from the following: Acct 302, Fin 350, 460 and 475. |
B.B.A. WITH MAJOR IN MANAGERIAL FINANCE
AND ACCOUNTING
Required 128 credits (36 of which must
be numbered 300 or above, and 60 of which
must be from a 4-year institution) including: |
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I. |
General Education Requirements (see University
GER listing). |
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II. |
College of Business and Public Administration
Requirements (see BPA College listing) and
including: |
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Acct 200, 201 |
Elements of Accounting
I & II |
(6)
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Acct 315 |
Business in the Legal Environment |
(3) |
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ISys 117 |
Personal Productivity with Information
Technology |
(1) |
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ISys 317 |
Information Systems in Enterprise |
(3) |
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|
Econ 201 |
Principles of Microeconomics |
(3) |
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Econ 202 |
Principles of Microeconomics |
(3) |
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Econ 210 |
Elementary Business and Economic Statistics |
(3) |
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Econ 303 |
Money and Banking |
(3) |
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Math 103 |
College Algebra |
(3) |
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Math 146 |
Applied Calculus I |
(3) |
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Mgmt 300 |
Principles of Management |
(3) |
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Mgmt 301 |
Operations Management |
(3) |
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Fin 310 |
Principles of Financial Management |
(3) |
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Mgmt 475 |
Strategic Management |
(3) |
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Mgmt 305 |
Marketing Foundations |
(3) |
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Pols 115 |
American Government I |
(3) |
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Comm 110 |
Fundamentals of Public Speaking |
(3) |
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One course selected from the following: |
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Anth 171 |
Introduction to Cultural Anthropology |
(3) |
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Psyc 111 |
Introduction to Psychology |
(3) |
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Soc 110 |
Introduction to Sociology |
(3) |
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III. |
The following Major Requirement (36 credits): |
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Acct 218 |
Advanced Spreadsheet Applications |
(3)
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Acct 301 |
Intermediate Accounting
I |
(4) |
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Acct 302 |
Intermediate Accounting II |
(3) |
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Acct 309 |
Accounting Information Systems |
(3) |
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Acct 320 |
Accounting for Production |
(3) |
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Fin 340 |
Intermediate Financial Management |
(3) |
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Fin 350 |
Financial Statement Analysis |
(3) |
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Fin 360 |
Capital Market Financing and Investment
Strategies |
(3) |
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Fin 475 |
Cases in Managerial Finance |
(3) |
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At least three upper-division courses selected (9) from Accountancy (Acct) or Finance (Fin) courses. |
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Courses
216. Insurance and Risk Management. 3 credits. The purpose of this course is to provide an introductory, consumer-oriented overview of risk and insurance. Students begin by examining the basic concepts of risk and insurance, insurance fields and functions, regulation, underwriting and the legal framework. Three broad classes of insurance will be addressed: life and health, property and liability, and auto. Other topics include risk management, loss control, risk rentention/reduction decisions, loss adjustment, claim settlement, investment functions, disability insurance, retirement programs, negligence and legal liability. F
220. Personal Investing. 3 credits. Investment concepts for individual investors who are, or will be, actively developing and monitoring their own investment portfolios. Covers basic analysis techniques, investment vehicles, strategies for implementing investment goals in a portfolio context, risk-return tradeoffs, and sources of investment information. Not available to students who have successfully completed Fin 420 or its equivalent. F,S
230. Principles of Real Estate. 3 credits. Principles of real property with an emphasis on home ownership. Real property rights, the process for transferring those rights, the impact of taxation, and concepts of city development. Career options in real estate, including brokerage, appraisal, lending, and property management. F,S
251. Personal Finance. 3 credits. The personal financial planning and management process: goal identification and budgeting; minimizing tax liability; uses and costs of various forms of credit; buying, selling and/or leasing real estate, automobiles and other major items; life, health, property and income insurance; various investment options; the retirement planning process; and estate planning options. The role of financial planning professionals and financial planning as a career option are also discussed. F,S
310. Principles of Financial Management. 3 credits. Prerequisites: Acct 201, ISys 117, Econ 210; Sophomore, Junior or Senior Standing; minimum total of 59 credit hours; declared and pre-CoBPA majors only. This course introduces students to asset management, cost of capital, dividend policy, valuation, capital structure planning, and working capital management. Forms of business organizations and tax environment are surveyed. Managerial implications of current developments in national and international capital markets are reviewed. F,S,SS
321. Real Estate Finance and Investment. 3 credits. Prerequisites: Fin 310 and Sophomore, Junior or Senior Standing. Nature of real estate finance, financial sources, role of government, real estate financial instruments, loan processing, defaults and foreclosures in real estate finance, fundamentals of real estate investment analysis. S
324. Real Estate Appraisal. 3 credits. Prerequisite: Sophomore, Junior or Senior Standing. Nature of value; appraisal process; analysis of neighborhoods, land and improvements; cost, market data and income approach to value; appraisal report; code of ethics. F
340. Intermediate Financial Management. 3 credits. Prerequisites: Fin 310 and Sophomore, Junior or Senior Standing; declared CoBPA majors only. Integrated coverage of topics in finance theory. Includes capital asset pricing model, arbitrage pricing theory, option pricing model and futures market, capital structure theory the signaling hypothesis, the agency problem, income measurement from the perspective of investors and financial managers. F,S
350. Financial Statement Analysis. 3 credits. Prerequisites: Acct 301 and Fin 310; Sophomore, Junior or Senior Standing; declared CoBPA majors only. Students interpret, restate, evaluate, and forecast financial statements used to report financial performance; and analyze risk and firm value based on reported financial statements. Analysis incorporates accounting, financial, and economic models and data; and describes various reporting regulations, principles, rules, standards, and interpretations. The course includes an investigation of current issues and debates in financial statement analysis. S
360. Capital Market Financing and Investment Strategies. 3 credits. Prerequisites: Acct 218 and Fin 310; Sophomore, Junior or Senior Standing; declared CoBPA majors only. Covers analysis and procedures for implementing particular financing and investment plans in financial markets. Includes financing and investment through commercial banks, investment banks, pension funds, venture capital sources, insurance companies and limited partnerships. F,S
370. Student Investment Fund I. 1 credit. Repeatable up to a maximum of 3 credits for non-Investments majors. For those who are not Investments majors, approval of Instructor is required. This is an introductory course to the Student Managed Investment Fund. It examines the issues involved in the management and investment strategies of a portfolio of financial assets. Students are required to attend Student Investment Fund meetings. Students enrolled in this course will not make investment decisions, but will be required to evaluate the investment decisions made by the student fund managers. F,S
397. Cooperative Education. 1 to 3 credits. May be repeated to a total of 6 credits. Prerequisites: Acct 200, 201; ISys 117; Econ 201, 202, and 210; approval by Department. On-the-job compensated work experience in various areas of Finance. S/U grading only. F,S, SS
420. Investment Analysis and Portfolio Management. 3 credits. Prerequisites: Fin 340 and 360; Junior or Senior Standing; declared CoBPA majors only. Comprehensive study of methods used to evaluate securities. Includes formulation of investment strategy and analysis, design of portfolios for classes of individual investors and institutions, fundamental analysis and portfolio performance evaluation. Extensive use of financial databases and software. F,S
430. International Financial Management. 3 credits. Prerequisites: Fin 310 and Junior or Senior Standing; declared CoBPA majors only. Financial management implications of exchange risk exposure, accounting conventions and international constraints on capital flows. Other topics include multi-national investment management and related financing problems, taxation and working capital management. F,S
440. Valuing Real Assets and Financial Strategy. 3 credits. Prerequisites: Fin 340 and 360; declared CoBPA majors only. This course addresses a variety of issues related to valuing real assets, with a large emphasis on using real option valuation techniques such as binomial modeling. Students are required to use Crystal Ball, Real Options Toolkit Analysis, and SPSS (cutting edge software packages) in a variety of projects and case studies. There is additional emphasis on using real data, such as foreign currency exchange rates, U.S. and foreign interest rates, reported financial indicators, and actual financial statements of fast-growing companies. Two databases, to which the College of Business subscribes, Compustat and Ibbotson’s are used extensively for obtaining data. Other databases which can be accessed online, such as Hoovers online and SEC Edgar, are also used. The course will be further enhanced by the addition of the Trading Center. S
450. Financial Derivatives. 3 credits. Prerequisites: Fin 340 and 360; declared CoBPA majors only. Detailed analysis of major elements affecting market prices of options and futures contracts and analysis of optimal investment strategies involving these and other derivative instruments. F,S
460. Managing Financial Institutions. 3 credits. Prerequisite: Fin 310 and Junior or Senior Standing; declared CoBPA majors only. Principles of asset/liability and portfolio management as they apply to the balance sheets and income statements of financial institutions. Includes management of assets and liabilities in the context of interest rate risk. Considers gap management, duration, financial futures, interest rate swaps, and securitization with the goal of profit maximation. S
470. Student Investment Fund II. 3 credits. Repeatable to a maximum of 6 credits. Prerequisites: Fin 310, 340 and 370 and declared CoBPA majors only. The Student Managed Investment Fund is a sequence of courses whereby a select group of students manage a live portfolio. The course examines the issues involved in the management and investment strategies of a portfolio of financial assets. It focuses on asset allocation, portfolio monitoring and evaluation, portfolio rebalancing, and investment analysis. The students selected to manage the fund are responsible for the investment decisions involving the composition of the portfolio under the supervision of Finance department faculty. Student members establish the stock selection criteria, research the prospective stocks, generate reports, and make decisions to invest or liquidate, and execute the trades. Verbal presentations are required. F,S
475. Cases in Managerial Finance. 3 credits. Prerequisites: Fin 340 and 360; Junior or Senior standing; declared CoBPA majors only. Introduces students to construction and utilization of financial management decision models using case study examples. Topics evaluated include working capital management, capital budgeting, cost of capital, capital structure, dividend policy, valuation, risk-return, and special topics of financial management. Students are required to develop original simulation models, prepare formal case reports, and orally and visually present their results. F
491. Senior Topics in Finance. 3 credits, repeatable to 6 credits. Prerequisites: Fin 310; consent of instructor; Junior or Senior Standing; declared CoBPA majors only. Multiple sections covering different topics may be offered in any one semester. Designed for Financial Management majors. Provides opportunities for in-depth study beyond that of regularly scheduled courses. May be seminars, workshops, or lecturers. F,S
492. Readings and Research in Finance. 1 to3 credits, repeatable to 6 credits. Prerequisite: Fin 310 and approval by department. Designed for students with an interest in finance topics not covered in regularly schedule courses. F,S
497. Internship in Finance. 1 to 3 credits, repeatable to 6 credits. Prerequisites: Acct 200, 201; ISys 117; Econ 201, 202, 210; and approval by department. Guided practical experience in managerial finance, investment management, real estate, and insurance with public and private sector enterprises. S/U grading only. F,S,SS
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