Requirements + Courses
Lower Division Requirements:
ACCT 2110, 2120; AIMS 2710; BADM 1010, 1020, 1030, 1040; BLAW 2210; ECON 1050 or 1100 and 1200, 2300; MATH 112
Upper Division Requirements:
AIMS 3770; BADM 4950, 4970; FNCE 3400; INBA 3810; MGMT 3610; MRKT 3510
Core, Major and Elective Finance Courses
FNCE 3400 Fundamentals of Corporate Finance
This course introduces students to fundamental financial decisions made by various types of organizations. The principal objective of the course is for students to develop an understanding of the basic tools of financial analysis. The topics of discounted cash flow valuation, long-term investment decisions, capital structure, and risk and required return will be emphasized. Students will analyze financial problems of business enterprises and investment issues related to maximizing shareholder value.
FNCE 3420 Investments
The course will examine the sources and demand for investment capital, investment policy, and procedures for the analysis of security evaluation. Students will become competent in stock and bond valuation, capital asset pricing, options, portfolio computation, performance evaluation, and foreign exchange. Students will become familiar with investment statistics, primary and secondary markets, tax consequences, retirement planning, market efficiency, macroeconomics, and financial statement analysis.
FNCE 3430 Financial Policy
This course focuses on corporate finance decision making using finance cases to analyze financial policies and problems of business enterprises as well as investment issues related to maximizing corporate value. Students will develop advanced skills in corporate value/shareholder wealth maximization including learning tools and concepts employed in analyzing and managing financial risk. Students obtain hands-on experience in the conduct of financial policy analysis through completion of a mergers and acquisitions project. Skills learned are especially applicable to employment in firms in all industries including investment banking.
FNCE 3440 Mergers and Acquisitions
This course will introduce students to the merger and acquisition process and alternative restructuring strategies including business alliances, divestitures, spin-offs, split-offs, carve-outs, and bankruptcy. The student will learn to develop acquisition plans as part of an investment banking team charged with implementing a firm’s business strategy. The team will be responsible for valuing the target firm, negotiating and structuring the deal, and for resolving common tax, payment, accounting, and legal issues arising during transactions.
FNCE 3456 Entertainment Finance
The overarching theme of this course is to study the different financial structures and challenges in each entertainment segment. Entertainment companies use a vast array of techniques to raise capital, budget their capital, and return cash to shareholders and other stakeholders, many of which will be explored. Students will also be exposed to the underlying business model of each segment to understand the financial and operational constraints under which these firms operate. The ultimate goal of the course is to prepare students for their first job in entertainment finance.
FNCE 3477 Valuation and Financial Modeling
This course will cover the theory and practice of financial statements analysis and valuation. Students will learn how to use theory and data to solve challenging business problems with incomplete information. Students will become comfortable with using financial modeling as a tool to help them perform financial analysis and make decisions.
FNCE 4410 Entrepreneurial Finance
In this course, students are introduced to the financial aspects of small businesses and entrepreneurial ventures. The key topics include evaluating new business ideas and ventures, reading and understanding financial statements of rapidly growing companies, and developing financing strategies. We also discuss various debt and equity alternatives of financing, the different valuation techniques, and key tactics and approaches to negotiating term sheets.
FNCE 4420 Real Estate Finance, Investment, and Entrepreneurship
This course introduces students to gathering relevant data (both primary and secondary data) to build financial models for analyzing, interpreting, and making decisions on evaluation of alternative real estate investment opportunities with alternative financial structures. Hands-on entrepreneurial learning makes use of cases, gathering primary data, financial modeling, and estimating the most an investor should pay for a specific property. More specifically, this course includes determining a property’s “investment value,” financing strategy, risk analysis, taxation, market area supply and demand analysis by property type (e.g., single-family homes, apartments, office, retail, warehouses, and other industrial properties), alternative investment ownership (e.g., sole proprietorships, REITs, Limited Partnerships, LLCs, etc.), as well as evaluating alternative financing instruments in both primary and secondary markets.
FNCE 4430 Capital Markets
This course studies the history and need for different financial markets and institutions. The course introduces students to the basics of financial markets and institutions. The key topics include the role of financial markets and institutions, the structure of the financial system, the history and role of the Federal Reserve, and the structure of various financial markets (equity, money, bond, mortgage). The financial institutions component studies the role that different institutions play within each financial market. A recurring theme throughout the course is the concept of information asymmetry, which we will apply to understand salient features of the financial landscape.
FNCE 4440 Financial Modeling for Decision Support
This course introduces spreadsheet modeling, programming skills, and advanced quantitative analysis tools to support financial decision-making. Hands-on experience in the development of financial forecasting, simulation, and optimization models for applications in valuation, cash budgeting, and portfolio structuring will be provided.
FNCE 4470 Multinationals and the Third World
This course examines business activity by multinationals corporations in Third World countries focusing on conventional theory and practices of multinational enterprise, user-friendly shareholder wealth maximization, multinational finance, and corporate ethics. Issues of analysis include technology transfer, institutional arrangements, entry strategy and entry options, host country bargaining power, shareholder wealth maximization, workplace protection, financing decisions, direct foreign investment, and business ethics.
FNCE 4480 International Finance
This course introduces students to international business finance and the workings of international financial markets. The principal objective of the course is for students to develop an understanding of the basic tools of financial decision making in an international environment. Key topics of study include exchange rate determination, relationships between inflation, interest rates, and exchange rates, risk management, multinational capital budgeting, and international portfolio theory.
FNCE 4491 Student Investment Fund: Security Analysis
This course is Part I of the Student Investment Fund (SIF) Program. In this one-year program, the students gain hands-on experience in managing the Student Investment Fund by learning the theory and practice of securities investment and portfolio management within an academic context, enhanced by the frequent interaction with individuals and institutions engaged in the money management industry. While the focus of Part I is stock valuation using absolute and relative valuation models, this course will also familiarize the students with topics covered in a typical investment course such as financial markets and financial instruments as well as investment concepts and theory, including risk and return, diversification, Capital Asset Pricing Model, etc.
FNCE 4492 Student Investment Fund: Portfolio Management
This course is Part II of the Student Investment Fund (SIF) Program. In this one-year three-course program, the students gain hands-on experience in managing the Student Investment Fund by learning the theory and practice of securities investment and portfolio management within an academic context, enhanced by the frequent interaction with individuals and institutions engaged in the money management industry. While the students continue to apply what they have learned in Part I of the program to stock analysis and investment, the main focus of this part of the program is the application of portfolio theory to portfolio formation and performance measurement. The course culminates with the production and presentation of the SIF Annual Report at the end of the semester. Additionally, the students will also learn investment topics that are not covered in Part I, including analysis and management of bonds and an overview of derivative securities.
FNCE 4493 Student Investment Fund: Investment Research Lab
This course is Part III of the Student Investment Fund (SIF) Program. In this one-year program, the students gain hands-on experience in managing the Student Investment Fund by learning the theory and practice of securities investment and portfolio management within an academic context, enhanced by the frequent interaction with individuals and institutions engaged in the money management industry. The focus of this course is experiential learning via the application of the theories covered in both Parts I and II of the program to the analysis and investments of stocks and management of the SIF portfolio, utilizing the databases and software available.