Finance (FNAN)

School of Management

If a student takes noncore, upper-level business courses before acceptance to the School of Management, those courses will not count on an undergraduate degree application for any major in the School of Management (except as general elective credit). A grade of C or higher must be presented on the graduation application for each upper-level course in the major. Prerequisites are strictly enforced. Degree status is defined as formal admission to SOM.

301 Financial Management (3:3:0) Prerequisite: C or better in ECON 103, ACCT 203 and DESC 210, and sophomore standing. Introduction to managing a firmÕs financial resources given a wealth maximization decision criterion. Includes working capital management, fixed-asset investment, cost of capital, capital structure, and dividend decision analysis. Lecture, problems, and discussion.

302 Financial Analysis and Forecasting (3:3:0) Prerequisites: FNAN 301; degree status. Examines techniques for analyzing, understanding, and applying financial information in decision situations. Topics include financial statement analysis, development of financial models, and financial planning and forecasting.

311 Principles of Investment (3:3:0) Prerequisites: FNAN 301; degree status. Introduces analysis of the valuation of equity and debt securities given modern capital market theory. Includes discussion of portfolio analysis as related to the valuation of securities. Lecture, discussion, and computer-assisted research.

321 Financial Institutions (3:3:0) Prerequisites: FNAN 301; degree status. Discusses basic objectives of financial institutions in light of industry structure and regulatory environment, and the decision variables that management should concentrate on in achieving its objectives. Includes the role that financial institutions play in the allocation of funds within the financial markets. Lecture, discussion, and computer-assisted research.

351 Principles of Real Estate (3:3:0) Prerequisites: FNAN 301; degree status. Studies dimensions and specialties involved in the public control and private development, sale, finance, and management of real estate. Includes land planning, land-use control, appraisal, finance, brokerage, property management, and investment. Lecture, discussion, and computer-assisted research.

401 Advanced Financial Management (3:3:0)Prerequisites: FNAN 301; degree status. Analyzes decision-making within the firm, emphasizing conceptual structure of problems and using advanced analytic techniques. Topics include current asset management, capital budgeting, capital structure, dividend policy, long-term financing, mergers, and corporate planning models. Lecture, discussion, and case analysis.

411 Investment Analysis and Portfolio Management (3:3:0) Prerequisites: FNAN 311; degree status. Analyzes modern techniques of portfolio management including evaluating standards for selecting individual securities to include or delete from portfolios. Presents risk-return analysis for portfolios and portfolio performance measures. Lecture, discussion, computer-assisted research.

412 Futures and Options Markets (3:3:0)Prerequisites: FNAN 311; degree status. Introduces options, commodity, and financial futures markets as they function to provide pricing mechanisms and alternative investment vehicles. Lecture, discussion, and computer-assisted research.

421 Money and Capital Markets (3:3:0) Prerequisites: FNAN 321; degree status. Discussion of how financial markets are organized, their role in the allocation of funds to various market segments, and the interaction between markets. Topics include aggregate flow of funds analysis as well as money markets, government markets, corporate markets, and mortgage markets. Lecture, discussion, and computer-assisted research.

440 International Financial Management (3:3:0) Prerequisites: FNAN 301; degree status. Introduces management of the contemporary firmÕs international financial operations. Topics include foreign exchange risk, political risk, returns and risks of international projects, international money and capital markets, financial accounting, capital structure, and cost of capital. Lecture, discussion, readings, and problems.

451 Real Estate Finance (3:3:0) Prerequisites: FNAN 301 and 351; degree status. Studies mechanisms of real estate finance, sources of funds, loan contracts, principles of mortgage risk analysis, and secondary mortgage markets. Develops analytical skills including using microcomputer and appropriate software.

491 Special Topics in Finance (3:3:0) Prerequisites: finance majors with at least 9 upper-level finance -credits; degree status. Advanced study of special topics in finance.

499 Independent Study (1-3:0:0) Prerequisites: finance majors with at least 9 upper-level finance credits; degree status. Research and analysis of selected problems or topics in finance. Must be arranged with instructor and approved in writing by associate dean for undergraduate programs before registration. Written report required. May be repeated for a maximum of 6 credits if topics vary.