Chairperson: Anthony Pennington-Cross, Ph.D.
Department of Finance website
Specific Finance Course Requirements:
|FINA 4001||Advanced Financial Management||3|
|FINA 4011||Investment Analysis||3|
|Three of the following courses:||9|
|Commercial Real Estate Finance|
|Introduction to Financial Derivatives|
|Fixed Income Securities|
|Investment Management, Ethics and Society|
|Seminar in Finance|
|Topics in Finance|
|Finance Internship - Grading Period|
|Four Business electives||12|
|Total Credit Hours||27|
FINA 3001. Introduction to Financial Management. 3 cr. hrs.
Principles and methods of corporate finance, valuation, analysis and management. Evaluation of business projects (capital budgeting) using financial criteria and different financing choices (capital structure) for these projects will be reviewed. Introduction to the financial markets and both investment and financing instruments available to corporations and individuals. Emphasis placed on the framework and methodology involved in financial decision making. Prereq: ECON 2003,MANA 2028. ACCO 2031 and BUAD 1060 completed or taken concurrently.
FINA 3986. Internship Work Period. 0 cr. hrs.
SNC/UNC grade assessment. Prereq: Jr. stndg., cons. of prog. dir. and cons. of Business Career Center.
FINA 4001. Advanced Financial Management. 3 cr. hrs.
Extension of the development of the theory of financial management, including an examination of the relevant literature. Concentration will be on applications of financial management theory. Topics include working capital, capital budgeting, dividend policy issues, cost of capital, and principles of valuation. Required for finance specialization. Prereq: ACCO 2031 and FINA 3001.
FINA 4002. Commercial Real Estate Finance. 3 cr. hrs.
Provide the student with an in-depth knowledge of real estate finance, real estate investment, and the operation of the real estate capital markets. The objective of the course is to understand the many sources and uses of capital in commercial real estate industry. The course begins with the mechanics of mortgage finance, followed by a detailed presentation of mortgage underwriting, lender ratios and discounted cash flow analysis. Prereq: FINA 3001.
FINA 4011. Investment Analysis. 3 cr. hrs.
Study of financial instruments such as stocks, bonds, convertibles, and options, and the markets in which they are traded. The primary concern of the course is with the decision process that evaluates the various investment opportunities. Prereq: ACCO 2031 and FINA 3001.
FINA 4020. Financial Planning. 3 cr. hrs.
Introduction to the framework and tools for preparing personal financial plans as a career path in the financial services industry. Topics covered include major asset purchases, managing liabilities, determining insurance needs, developing investment portfolios, tax strategies, retirement plans, and estate planning. Course also covers professional ethical standards. Prereq: FINA 3001.
FINA 4030. Bank Management. 3 cr. hrs.
Study of banking on both an institutional and operating unit level. History, regulation and competitive environment of banking covered at institutional level. Development and application of specific tools and techniques dealing with the management of banks' deposit base and loan and securities portfolios, international banking and trust operations. Prereq: FINA 3001.
FINA 4040. International Finance. 3 cr. hrs.
This course looks at financial decision making in an international context. Global financial markets and foreign currency issues will be studied along with the international financing and capital investments. Prereq: FINA 3001.
FINA 4060. Introduction to Financial Derivatives. 3 cr. hrs.
This course will focus on the mechanics, pricing and use of financial derivatives, including futures contracts, options, swaps, collateralized securities, Treasury Bond, Eurodollar, and S&P 500 Index futures contracts will be discussed in detail. Stock options and index options also will be discussed. Important pricing models including Black-Scholes and the Binomial Option Pricing Model also will be discussed. Risk management using these instruments will be emphasized. Prereq: FINA 3001.
FINA 4065. Fixed Income Securities. 3 cr. hrs.
Focuses on the use of fixed income securities to fulfill investment requirements or accommodate corporate financing strategies. Coverage includes fixed income markets and the securities traded in those markets, techniques used to value fixed income securities, and derivative strategies using fixed income securities. Prereq: FINA 3001.
FINA 4070. Investment Management, Ethics and Society. 3 cr. hrs.
Examines the ethical and social responsible dilemmas that managers encounter in the investment management industry. Includes the professional standards for ethical behavior, corporate governance, accounting manipulation, and socially responsible investing. Prereq: FINA 3001.
FINA 4080. Entrepreneurial Finance. 3 cr. hrs.
Focuses on the financial aspects of entrepreneurship, from the first decision as to whether or not to undertake an activity, to projecting financial needs, reviewing the trade-offs between alternative financing choices, to harvesting. Topics will include but are not limited to: bootstrapping, the role of angel investors, private placements, venture capital, banking options, commercial financing, public offers (IPOs, PIPES), factoring, franchising, and joint ventures. Prereq: FINA 3001.
FINA 4081. Investment Banking. 3 cr. hrs.
Review of the common types of transactions that investment bankers work on and the different methods used to value those transactions. Some of these include IPOs, seasoned equity offerings, exchange offers, mergers, hostile tender offers, leverage buyouts, and going private transactions. Also exposes students to different methods used to value those transactions via applied projects, model building, cases, etc. Course may contain online teaching elements to supplement the in-class time. Prereq: FINA 3001 and FINA 4001.
FINA 4082. Alternative Investments. 3 cr. hrs.
Designed to help students understand the growing field of alternative investments. This course offers an in-depth study of the management of hedge funds and covers various alternative investments including commodities and managed futures, private equity, exchange traded funds (ETFs), real estate, and credit derivatives. Prereq: FINA 3001.
FINA 4112. Investment Management. 3 cr. hrs.
Extends the concepts introduced in FINA 4011. Topical coverage includes modern portfolio theory, options, futures and hedging techniques. Emphasis of course is on application of the concepts to investment strategies. Prereq: FINA 4011.
FINA 4310. Introduction to Applied Investment Management. 3 cr. hrs.
In this introductory course, the first of four required Applied Investment Management program classes, students will study securities law, regulatory issues, and the basic mechanics of investment research analysis. Students will learn how to access and utilize a variety of sources of corporate and securities information, including the Securities and Exchange Commission's database (EDGAR) of disclosure documents that public companies are required to file. The course is also intended to prepare students for their full time summer investment internship. Class laboratory required. Prereq: FINA 3001; FINA 4011, ACCO 3001, and ACCO 4080, which may be taken concurrently. Only open to students accepted into the AIM program.
FINA 4320. Research and Financial Analysis. 3 cr. hrs.
This course provides students an understanding of various portfolio objectives and policies, as well as an appreciation of different investment strategies and styles. Building on the concepts learned in FINA 4011, students will apply their understanding of key investment tools-quantitative research methods, economic relationships, and financial statement analysis. During this course students will analyze and manage an equity and fixed income portfolio. Class laboratory required. Prereq: FINA 4310; and FINA 4001, which may be taken concurrently. Only open to students accepted into the AIM program.
FINA 4330. Valuation and Portfolio Management. 3 cr. hrs.
This third required course in the AIM program includes the common approaches to valuing assets, the basic measurements of risk and return, and the key elements of the portfolio management process. Students will continue to manage an investment portfolio, evaluate performance, and prepare reports on the results at the end of the semester. The course will also include a professional lecture series, where investment practitioners discuss their own investment philosophies, strategies, and experiences. Class laboratory required. Prereq: FINA 4320 and FINA 4112, which may be taken concurrently. Only open to students accepted into the AIM program.
FINA 4370. Advanced Investment Management, Ethics and Society. 3 cr. hrs.
In the final course in the AIM program, students learn how to manage investments in a manner that is both ethical and socially responsible. Students acquire a thorough understanding of the Chartered Financial Analyst® professional standards of conduct in the application of ethics to the moral dimensions of money management. Students also are exposed to the strategies and performance of investment funds that are socially responsible. In doing so, students consider such issues as discrimination and affirmative action in the workplace, economic justice, and environmental impact, among others, in the evaluation of companies for inclusion in a socially responsible fund. Course may contain online teaching elements to supplement the in-class time. Prereq: FINA 4330, FINA 4060, and FINA 4931 (Fixed Income Securities), which may be taken concurrently. Only open to students accepted into the AIM program.
FINA 4931. Topics in Finance. 2-3 cr. hrs.
Topics will vary.
FINA 4953. Seminar in Finance. 3 cr. hrs.
Prereq: FINA 3001.
FINA 4986. Finance Internship - Grading Period. 3 cr. hrs.
S/U grade assessment. Prereq: FINA 3986; Jr. stndg., cons. of prog. dir. and cons. of Business Career Center.
FINA 4995. Independent Study in Finance. 1-4 cr. hrs.
Prereq: Cons. of dept. ch.