Academic Calendar

FNCE – Finance

FNCE 113
Introduction to Quantitative Decision-Making
3 Credits          Weekly (3-0-0)

Students are introduced to quantitative techniques commonly used in managerial decision-making. Students focus on the applications of these techniques to major decision-making areas of business including accounting, economics, finance, insurance, marketing, management, supply chain, and human resources. Topics include: the use of ratios, proportions, percents, and equations to solve business problems, simple and compound interest, analysis and interpretation of the time value of money, progressions and their applications in finance, linear programming and optimization, and break-even analysis.

FNCE 301
Introductory Finance
3 Credits          Weekly (3-0-0)

Students are introduced to corporate financial decision-making concepts, tools and models for financial analysis. Financial policies are examined with a view to maximizing the value of the firm. Topics include financial markets, debt and equity financing, market efficiency, models for valuing stocks, bonds, risk measures, risk reduction, dividend policy, capital budgeting, and the valuation and selection of assets.

Prerequisites: ACCT 311 or ACCT 161 AND one of the following: FNCE 113 or MGTS 103 or STAT 151 or ACCT 215.

FNCE 303
Personal Finance and Money Management
3 Credits          Weekly (3-0-0)

This course develops your skills as a financial manager for your own resources and assets for now and in the future. Through simulations and research projects, students will learn to balance risks and returns in personal investing, and learn about debt management. Topics include: time value of money, savings plans, consumer credit and debt management, mortgage financing, tax planning, risk management and insurance, investment fundamentals and alternatives, retirement and estate planning.

Prerequisites: FNCE 113 or ECON 101.

FNCE 401
New Venture Financing
3 Credits          Weekly (3-0-0)

Students acquire the basic knowledge required to plan, start and finance a new business venture. Students learn how to transform a business idea into a business proposal by designing a business plan that addresses key questions such as: identifying business opportunities, valuing a business proposal with emphasis on the venture capital method, mobilizing resources through estimating financial needs; and finally, raising new capital. Additional topics include the dynamics of the venture capital industry; angel capitalists and their importance in promoting the creation of new firms; and corporate entrepreneurship.

Prerequisites: FNCE 301 ACCT 322 LEGL 210.

FNCE 404
International Finance
3 Credits          Weekly (3-0-0)

This course covers the concepts of international financial management in global business. Students learn how the foreign exchange and global financial markets operate, how currency risks and international financial investments can be managed, and how international trade may be financed. The key topics covered in this course include workings of the foreign exchange market, determination of foreign exchange rates, the forward exchange market, currency options, covered interest arbitrage, the Eurocurrency market, methods of global debt financing, currency and interest rate swaps, and various methods of hedging exposure.

Prerequisites: FNCE 301.

FNCE 406
Valuation and Investment Decision
3 Credits          Weekly (3-0-0)

This course provides students applied knowledge on investments and the investment process, and on project and enterprise valuation. Students learn how securities markets work, how to develop an investment plan and how to measure risk and return in the context of a portfolio. Students conduct a complete company valuation by using different valuation techniques (Discounted Cash Flow and relative valuation with multiples of comparable companies). The course is aimed at showing students the latest valuation practices used in the industry by illustrating the valuation principles in the context of realistic situations.

Prerequisites: FNCE 301 AND ACCT 322.

FNCE 498
Independent Studies in Finance
3 Credits          Weekly (0-0-3)

In consultation with, and supervised by, a member of the department or an approved professional in the community, a senior student undertakes advanced scholarly work related to the field of finance. The faculty member guides the student in designing and undertaking this work, using appropriate assumptions and methods to arrive at warranted conclusions and outcomes that will advance finance knowledge or practice or create meaningful results. Note: This course may be taken twice for credit.

Prerequisites: Consent of the course instructor and the department chair.