Finance (FINANC)

FINANC 1000: Principles of Finance

Financing business, consumer, and government activity; stocks, bonds, real estate, and financial markets; risk; insurance; inflation; cash and income management; capital accumulation and appreciation.

Credit Hours: 3
Prerequisites: Students admitted to COB upper level degree program cannot enroll


FINANC 2000: Survey of Business Finance

An overview of the global financial system, financial markets, financial institutions, and principles of financial management.

Credit Hours: 3
Prerequisites: Students admitted to COB upper level degree program cannot enroll


FINANC 3000: Corporate Finance

Financial decision-making in a corporate environment. Time value of money, capital budgeting, cost of capital, working capital management and financial instruments issued by the firm.

Credit Hours: 3
Prerequisites: completed 45 semester hours, ACCTCY 2027 or ACCTCY 2037, STAT 2200 or STAT 2500, ECONOM 1014 or ECONOM 1024 and either ECONOM 1015 or ECONOM 1051


FINANC 3300: Personal Risk Management and Insurance

Teaches the importance of risk in personal endeavors and the intelligent handling of such risk. Life, health, auto, homeowner and liability risks are treated.

Credit Hours: 3
Prerequisites: sophomore standing


FINANC 4010: Financial Management

Theory and techniques of financial management, study of firm valuation, dividend policy, capital budgeting and capital asset pricing.

Credit Hours: 3
Prerequisites: FINANC 3000


FINANC 4020: Investments

Security valuation and analysis, formulation of personal and professional investment programs.

Credit Hours: 3
Prerequisites: FINANC 3000


FINANC 4020H: Investments - Honors

Security valuation and analysis, formulation of personal and professional investment programs.

Credit Hours: 3
Prerequisites: FINANC 3000. Honors eligibility required


FINANC 4030: Financial Intermediaries and Markets

Functions of intermediaries in the aggregation and allocation of funds, creation and transfer of assets, and distribution of risks. Regulation of financial institutions; financial institutions as instruments of public policy.

Credit Hours: 3
Prerequisites: FINANC 3000 and ECONOM 3229


FINANC 4110: Financial Management Policy

Application of the concepts and tools of finance to cases in working capital management, capital budgeting analysis and capital structure decisions.

Credit Hours: 3
Prerequisites: senior standing and FINANC 4010


FINANC 4120: Security Analysis

Classifies and analyzes securities, markets, industries. Formulation of investment policy for institutions, aggressive personal investors.

Credit Hours: 3
Prerequisites: FINANC 4020


FINANC 4130: Management of Financial Institutions

Operating principles of major financial intermediaries, including commercial banking, savings, insuring, lending and investing institutions. Analysis of cases; study of current problems. Some sections of the course may be graded on A-F or S/U graded basis only.

Credit Hours: 3
Prerequisites: FINANC 4030


FINANC 4185: Problems in Finance

Independent study, reports on selected topics. Some sections of this course may be offered A-F only or S/U only.

Credit Hour: 1-99


FINANC 4201: Topics in Finance

Selected topics in finance, insurance or real estate. Offered on an experimental basis. Some sections of this course may be offered A-F only or S/U only.

Credit Hours: 3


FINANC 4220: Portfolio Management

Development and application of the principles of modern portfolio theory to financial assets. Analysis of the concepts of diversification, portfolio construction, portfolio revision, and use of types of financial assets in effective portfolio management.

Credit Hours: 3
Prerequisites: FINANC 4020


FINANC 4310: Financial Modeling and Databases

Financial modeling and using online databases to retrieve data, data analysis, spreadsheet design, excel VBA programming, interpreting results. Graded on A-F basis only.

Credit Hours: 3


FINANC 4320: Financial Futures and Options

A basic overview of financial futures and options markets. Topics include: theoretical pricing of financial futures contracts and stock options, institutional aspects of these markets, hedging, and speculative strategies.

Credit Hours: 3
Prerequisites: FINANC 4020 and senior standing


FINANC 4450: Financial Ethics and Professional Standards

The course comprises an intensive study of the CFA Institute Code of Ethics and Standards of Professional Conduct and Global Investment Performance Standards. It also includes a review of corporate governance issues.

Credit Hours: 3
Recommended: FINANC 4010 or departmental consent


FINANC 4500: Principles of Real Estate

Principle factors influencing land use, practices in real estate business.

Credit Hours: 3
Recommended: FINANC 3000


FINANC 4510: Real Estate Appraisal

Procedures for valuing industrial, commercial, residential realty by market, income, replacement cost approaches. Case method, field investigations.

Credit Hours: 3
Prerequisites: FINANC 4500


FINANC 4520: Real Estate Finance and Investment

Financing of residential, commercial, and industrial real estate and real estate development. Instruments, institutions, and markets; role of government agencies; investment qualities of real estate.

Credit Hours: 3
Prerequisites: FINANC 4500


FINANC 4530: Real Estate Portfolio Analysis and REITs

Management of real estate portfolios and analysis of real estate investment trusts including financial statement analysis, cash flows, and valuation techniques.

Credit Hours: 3
Prerequisites: FINANC 3000


FINANC 4620: Investment Strategy of Warren Buffett

Survey and application of the investment philosophy and valuation methods of Warren Buffett. Prerequisites: FINANC 3000;

Credit Hours: 3
Corequisites: FINANC 4020


FINANC 4630: Introduction to Risk Management and Insurance

Basic principles of risk management and insurance focusing on operational risks faced by organizations. Covers terminology, sources, dimensions, characteristics, measurement, and assessment of risk along with design and implementation of techniques to mitigate and control risk.

Credit Hours: 3
Prerequisites or Corequisites: FINANC 2000 or FINANC 3000


FINANC 4632: Principles of Commercial Property and Liability Insurance

The objective of this course is to examine the principles and key elements of commercial property and liability insurance. The primary emphasis will be on the property and liability loss exposures faced by organizations and the corresponding types of insurance for covering those loss exposures. This course qualifies students who make a "B" or better to receive credit for CPCU 552 Commercial Liability Risk Management and Insurance.

Credit Hours: 3
Prerequisites: FINANC 2000 or FINANC 3000 or FINANC 4630, or permission of the instructor


FINANC 4640: Enterprise Risk Management

This course addresses the principles, concepts, key elements and applications of Enterprise Risk Management (ERM) to businesses and other organizations. The principal objective of this course is to prepare students to understand the principles of ERM and to be able to integrate sound risk management principles into their work.

Credit Hours: 3
Prerequisites: FINANC 4630, or permission of instructor


FINANC 4710: Topics in International Finance

Available during study abroad session. Emphasis is on international corporate governance, foreign exchange risk management, international capital markets, balance of payments, international monetary system, and exchange rate determination. Graded on A-F basis only.

Credit Hours: 3


FINANC 4720: International Finance

Application of domestic corporate finance to the international arena. Emphasis on international capital budgeting, working capital management, foreign exchange risk management, international capital markets, balance of payments, international monetary system, and exchange rate determination.

Credit Hours: 3


FINANC 4820: Investment Fund Management

Analysis and management of securities and markets by participation in the management of a student-run portfolio of publicly traded stocks and bonds. May be repeated once for credit for a total of six credits.

Credit Hours: 3
Prerequisites: FINANC 3000, FINANC 4120 or FINANC 4620, instructor's consent required each enrollment


FINANC 4830: Chartered Financial Analyst Exam Review Course

(cross-leveled with FINANC 7830). A review of the content and format of the chartered financial analyst (CFA) examination. Students need to be registered for the CFA exam to enroll in the class.

Credit Hours: 3
Prerequisites: Instructor's consent


FINANC 4840: Angel Capital Education Program

(cross-leveled with FINANC 7840). In depth understanding of investing in start up enterprises, including structuring investment deals, doing due diligence, and monitoring of prior investments. Graded on A-F basis only.

Credit Hour: 1-3
Prerequisites: Instructor's consent


FINANC 4940: Professional Finance Internship

Provides students experience with financial activities in business organizations (or, occasionally, in a governmental or not-for-profit setting). Students are required to prepare and execute a plan of study approved by the instructor and the complete written assignments detailed in the plan.

Credit Hours: 3
Prerequisites: FINANC 3000, College of Business students with a finance concentration or international business students with a finance emphasis, and instructor's consent


FINANC 7010: Financial Management

Theory and techniques of financial management, study of firm valuation, dividend policy, capital budgeting and capital asset pricing.

Credit Hours: 3
Prerequisites: FINANC 3000


FINANC 7020: Investments

Security valuation and analysis, formulation of personal and professional investment programs.

Credit Hours: 3
Prerequisites: FINANC 3000


FINANC 7201: Special Topics in Finance

Selected topics in Finance, insurance, or real estate. Offered on an experimental basis.

Credit Hour: 1-3
Prerequisites: instructor's consent


FINANC 7210: Microeconomics for Business

Examination of how the behavior or consumers and the business decisions of firms affect supply, demand, and the resulting prices of goods and services in the market.

Credit Hour: 1-3


FINANC 7220: Economics for Managers

Applies the concepts and tools of economics to management issues and problems.

Credit Hour: 1.5-3
Prerequisites: FINANC 7210 or equivalent


FINANC 7410: Managerial Finance I

Introduction to financial management including the time value of money capital budgeting techniques, risk measurement, and the valuation of financial securities.

Credit Hour: 1-3
Prerequisites: ACCTCY 7310


FINANC 7420: Managerial Finance II

Continuation of the study of financial management with focus on the risk-return tradeoff, capital structure, corporate layout polices, long-term financing, elementary options pricing, and mergers and acquisitions.

Credit Hour: 1-3
Prerequisites: FINANC 7410


FINANC 7440: Managerial Finance

Analyzes financial information relative to acquisition, management of assets; costs of alternative financial contracts; effect of mix of outstanding securities on entity's cost of capital; interaction between funding/investment decisions.

Credit Hours: 3
Prerequisites: ACCTCY 7310 or departmental consent


FINANC 7620: Investment Strategy of Warren Buffett

Survey and application of the investment philosophy and valuation methods of Warren Buffett.

Credit Hours: 3
Prerequisites: FINANC 3000 or FINANC 7440


FINANC 7820: Investment Fund Management

Analysis and management of securities and markets by participation in the management of a student-run portfolio of publicly traded stocks and bonds. May be repeated 1 time for credit.

Credit Hours: 3
Prerequisites: FINANC 3000 or FINANC 7440; instructor's consent


FINANC 7830: Chartered Financial Analyst Exam Review Course

(cross-leveled with FINANC 4830). A review of the content and format of the chartered financial analyst (CFA) examination. Students need to be registered for the CFA exam to enroll in the class.

Credit Hours: 3
Prerequisites: Instructor's consent


FINANC 7840: Angel Capital Education Program

(cross-leveled with FINANC 4840). In depth understanding of investing in start up enterprises, including structuring investment deals, doing due diligence, and monitoring of prior investments. Graded on A-F basis only.

Credit Hour: 1-3
Prerequisites: Instructor's consent


FINANC 8001: Topics in Finance

Selected topics in finance, insurance or real estate. Offered on experimental basis.

Credit Hour: 1-3
Prerequisites: instructor's consent


FINANC 8070: Security Markets and Investments

Valuation of securities including stocks, bonds, options and futures; risk-return analysis of financial assets.

Credit Hours: 3
Prerequisites: FINANC 7440 or equivalent


FINANC 8085: Problems in Finance

For independent investigation and analysis, graduate students select topics suggested by the foregoing undergraduate courses.

Credit Hour: 1-3


FINANC 8310: Financial Modeling and Databases

Financial modeling and using online databases to retrieve data, data analysis, spreadsheet design, excel VBA programming, interpreting results. Graded on A-F basis only.

Credit Hour: 1-3


FINANC 8320: Financial Markets

Operation and structure of money markets and capital markets, including markets for stocks, bonds and derivatives securities. Study of the securities that trade in those markets including characteristics, valuation and diversification.

Credit Hour: 1-3
Prerequisites: BUS_AD 7440


FINANC 8330: Investment Policy and Portfolio Management

Study of investment policies and the effects of risk and diversification on investment management including measurement of risk, identification of investment policy, and construction and maintenance of investment portfolios. Prerequisites: FINANC 8320

Credit Hour: 1-3


FINANC 8340: Derivative Financial Securities

(same as MATH 8460). Comprehensive overview of derivative securities including financial futures and options, swaps, and financial engineering. Major topics: institutional aspects of these markets, advanced pricing models, pricing relationships among derivative securities, and risk shifting.

Credit Hours: 3
Prerequisites: FINANC 8070


FINANC 8350: Financial Statement Analysis I

An introduction to financial statement analysis with emphasis on interpretation and understanding of the balance sheet income statement, and statement of cash flows.

Credit Hour: 1-3
Prerequisites: ACCTCY 7310


FINANC 8352: Financial Statement Analysis II

Analysis of company financial statements and related accounting information with emphasis on investors' decisions to invest in the company.

Credit Hour: 1.5-3
Prerequisites: FINANC 8350


FINANC 8360: Equity Securities Analysis

Theory and application of models and methods for valuing common stocks.

Credit Hour: 1-3
Prerequisites: FINANC 7420


FINANC 8370: Fixed-Income Securities Analysis

Markets for fixed-income securities and theory and application of models for valuing bonds and other fixed-income securities. Prerequisites: FINANC 7420

Credit Hour: 1-3


FINANC 8410: Advanced Financial Management

Examination of the modern theory of finance. Capital budgeting capital structure, dividend theory and valuation.

Credit Hours: 3
Prerequisites: FINANC 7440


FINANC 8420: Working Capital Management

Financial planning and short-term financial management; integration of quantitative techniques, microeconomics, and financial decisions; analysis of decisions about profit planning, financial forecasting, accounts receivable, cash management, and financial short-term assets.

Credit Hours: 3
Prerequisites: FINANC 8410


FINANC 8430: Capital Budgeting

An investigation of long-term financial decisions. Topics include capital budgeting, leasing, long-term financing. Extensive use of cases.

Credit Hours: 3
Prerequisites: FINANC 8410


FINANC 8440: Financing Multinational Business

Study of foreign exchange markets, currency derivatives, global capital budgeting, and international financial decision strategy. Some sections of this course may be offered on an A-F or S/U basis only.

Credit Hour: 1-3
Prerequisites: FINANC 7420


FINANC 8450: Ethics and Standards of Financial Practice

Study of financial ethics with particular focus on standards of practice for investment performance standards. Recommended for students planning to take the CFA exam. Prerequisites: FINANC 7420

Credit Hour: 1-3


FINANC 8510: Management of Financial Institutions

Study and analysis of policies, goals, practices and organizational changes in the management of financial institutions and intermediaries.

Credit Hours: 3
Prerequisites: FINANC 7440


FINANC 8520: Real Estate Investment

Analysis of real estate as an investment including forecasting net operating income and cap rates, risk analysis estimation of return on investment, and syndication. Prerequisites: FINANC 7420

Credit Hour: 1.5-3


FINANC 8530: Real Estate Portfolio Analysis

Portfolio analysis applied to real estate investment including diversification, portfolio theory, and management of real estate portfolios including real estate investment trusts (REITs).

Credit Hour: 1.5-3
Prerequisites: FINANC 7420


FINANC 8560: Real Estate Securities Analysis

Analysis of real estate securities including in-depth financial statement analysis and valuation of real estate investment trusts (REITs) and real estate operating companies (REOCs).

Credit Hour: 1.5-3
Prerequisites: FINANC 8530 or instructor's consent


FINANC 8620: Investment Strategy of Warren Buffett

This course is designed to familiarize students with the investment philosophy of Warren Buffett. Buffett's criteria for evaluating potential acquisitions and investments will be analyzed in detail.

Credit Hour: 1-3
Prerequisites: FINANC 7420


FINANC 8630: Corporate Risk Management

Principles of identifying, analyzing, assessing, and managing operational risks faced by large organizations. Sources, dimensions, and qualities of risk as well as development and implementation of methods to avoid, control, or transfer risk.

Credit Hour: 1-3
Prerequisites or Corequisites: FINANC 7420
Recommended: Undergraduate Business degree with major/emphasis/minor in Finance, Accounting or Economics


FINANC 8632: Corporate Insurance and Alternative Financing Mechanisms

Basis and techniques for insuring hazard and operational risks encountered by large organizations. Analysis of insurance policies, determination of optimal limits and retentions, and assessment of alternative risk financing methods.

Credit Hour: 1-3
Prerequisites: FINANC 8630


FINANC 9001: Advanced Topics in Finance

Selected topics in finance.

Credit Hours: 3
Prerequisites: instructor's consent


FINANC 9090: Research in Finance

Thesis research for Ph.D. degree. Graded on a S/U basis only.

Credit Hour: 1-99


FINANC 9100: Seminar in Corporate Finance

Advanced theory, investigation of current research in financial management.

Credit Hours: 3


FINANC 9101: Topics Seminar in Finance

Reading and critical evaluation of selected current finance literature and research. Departmental consent. May be repeated. Graded on S/U basis only. students only

Credit Hour: 1-3
Prerequisites: Ph.D


FINANC 9200: Research in Corporate Finance

Advanced topics in corporate finance.

Credit Hours: 3
Prerequisites: Finance [FINANC] 9100


FINANC 9300: Financial Economics

Utility analysis, efficient frontier mathematics, asset pricing and related topics.

Credit Hours: 3
Prerequisites: instructor's consent


FINANC 9400: Seminar in Investment Analysis

Develops integrated theory and analytic techniques for evaluating investment potential of financial instruments. Emphasizes corporate securities. Selected cases and readings.

Credit Hours: 3