2014-15 Undergraduate Catalog

Finance

Finance Program Mission

The finance program mission is to enable the graduating finance major to use the principles, tools, and techniques for effective and efficient financial management, perform financial analysis and planning, explain the Investments environment and asset valuation models, identify short, intermediate, and long-term financial alternatives, apply financial management for new ventures and small business, and to understand the management performance, and regulatory aspects of financial institutions and markets.

Finance Program Goals and Outcomes

Goal Outcome
Demonstrate knowledge of and apply the principles, tools and techniques for effective and efficient financial managementPerform financial statement analysis to evaluate a firm’s financial performance and produce pro forma financial statements.
Know the characteristics of and apply the evaluation techniques to fixed-income securities, like bonds, preferred stock, and common stock.
Use the capital budgeting decision models adjusting for risk.
Know the management of working capital, including decisions about the optimal overall level of current assets and the optimal mix of short-term and long-term funds used to finance the company’s assets.
Know how operating and financial leverage aid management in assessing risk/return trade offs of various types of financial decisions.
Apply the concepts of the time value of money.
Know the concept of risk and apply it to the valuation process of alternative investments.
Know the different alternatives for short-term, intermediate-term, and long-term funding.
Demonstrate knowledge of and apply investment strategy and analysis from basic investing to the theory of portfolio construction and risk management.Identify major types of financial markets, the major participants, and recent trends in those markets.
Compare and contrast major types of investment alternatives and policies.
Know the techniques of macroeconomics and industry analysis and use technical analysis.
Perform analysis of investment alternatives, manage a portfolio, and evaluate results.
Apply portfolio theory in the construction of a portfolio within an environment of risk and uncertainty.
Demonstrate an understanding of the management, performance, and regulatory aspects of financial institutions and marketsKnow the types of financial markets and the role of financial institutions within those markets.
Explain how to forecast interest rates.
State how financial market participants monitor monetary and fiscal policies.
Know how interest rates are affected by various factors and how to manage interest rate risk with futures, options, swaps, and other derivatives.
Identify the sources and uses of funds, regulations, management, and performance of commercial banks, thrifts, mutual funds, securities firms, insurance companies, pension funds, and credit unions.
Demonstrate the theories, knowledge and financial tools necessary to start, grow and harvest a successful business ventureIdentify the ingredients for doing a start-up business and the components of a financially sound business model.
Analyze a business plan and create the financial portion of the plan illustrating the venture’s financial viability.
Identify opportunity-screening criteria used by venture capital investors and describe the due diligence process relating to financing and harvesting a potential new venture.
Determine how much money is needed to start the company and its cash burn rate, and describe the sources used to fund a new venture including venture capital, bank loans, and government loan guarantee and micro-credit programs.
Know how to use financial statements in managing and in creating long-term value of an entrepreneurial venture.
Describe the concept of sustainable sales growth rate as well as the process of identifying when and how many additional funds will be needed to support the venture’s sales forecast.
Demonstrate the techniques of determining the value of a small business firm.
Discuss how an entrepreneur can develop an exit strategy to harvest the venture.
Demonstrate knowledge of and apply principles and procedures related to the following areas, if selected: financial accounting, federal income taxation, finance as related to real estate, insurance & risk management, international finance, or banking.Know and apply principles and procedures related to an area of student interest or student career goals.

 

Bachelor of Science with a Major in Finance (120 CR)

The finance major prepares students for a wide variety of careers in business and government, including corporate financial management, financial analysis, financial institutions, entrepreneurship, investments, real estate, financial planning, and international business. It provides students with knowledge and decision-making skills for acquiring, investing, and managing capital. The concepts, methods, and techniques equip the students with a thorough understanding of the financial process in order to add value to any organization.

General Education
General Education courses38-40
College of Business Required General Education Courses
Principles of Microeconomics
Principles of Macroeconomics
Elementary Statistics
College of Business Core Requirements
ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
ACCT 300Legal Environment of Business3
BADM 301Fundamentals of Management3
BADM 321Marketing3
BIT 220Management Information Systems3
BIT 318Business Communication3
BOTE 247Spreadsheet Applications3
FIN 353Corporation Finance3
Courses Required for Finance Major
ACCT 321Managerial Accounting3
FIN 355Investments3
FIN 357Advanced Corporate Finance3
FIN 360Entrepreneurial Finance3
FIN 454Portfolio Theory3
FIN 455Financial Institutions & Markets3
FIN 457International Corporate Finance3
FIN 458Financial Analysis and Valuation3
Select three of the following:9
Intermediate Accounting I
Intermediate Accounting II
Intermediate Accounting III
Taxation of Individuals
Taxation of Business Entities
Study Abroad
Money and Banking
Managerial Economics
Real Estate Finance
Insurance & Risk Management
Internships
Special Topics 2
Electives
(To meet the 120 SH graduation requirement.)22
Total Hours120-122

1

These courses can be taken as a part of the General Education requirement.

2

Requires advisor approval for meeting program requirements.

 

Finance Minor

FIN 353Corporation Finance3
FIN 355Investments3
FIN 357Advanced Corporate Finance3
FIN 360Entrepreneurial Finance3
FIN 455Financial Institutions & Markets3
Select two of the following:6
Real Estate Finance
Insurance & Risk Management
International Corporate Finance
Financial Analysis and Valuation
Special Topics
Intermediate Accounting I
Intermediate Accounting II
Intermediate Accounting III
Taxation of Individuals
Taxation of Business Entities
Money and Banking
Managerial Economics
Total Hours21