66 - Finance
This course provides the background for accounting information and progresses to a basic level of financial statement analysis, interpretation and decision making. Equivalent: Three semester hours of Principles of Accounting I and three semester hours of Principles of Accounting II.
3
In this introductory economics course, students will survey the general macro and micro economic environment in which a business operates. Equivalent: Three semester hours of Macroeconomics and three semester hours of Microeconomics
3
This course introduces students to fundamental financial analysis techniques used in security valuation and capital budgeting. It also covers capital structure and issues related to dividend policy. Equivalent: Three semester hours of Business Finance.
3
This course focuses on identifying and utilizing relevant accounting and financial data for decision making in a variety of areas. Activity-based costing, financial statement analysis and cash flows are among the areas explored. The understanding of financial data and financial statements are a major focus of the course. The course utilizes the case-method approach.
3
Prerequisites
66-501 Financial Accounting.
Upon completion of this course, students have a thorough understanding of the market system of resource allocation which forms the basis of the business environment. The course emphasizes the manner in which managers and firms make decisions within the system.
3
Prerequisites
66-502 Business Economics.
Students apply corporate finance theory from a management perspective. Analysis of financial statements, mergers and acquisitions and leasing are emphasized.
3
Prerequisites
66-501 Financial Accounting, 66-504 Quantitative Methods for Business, and
66-512 Financing the Business Enterprise.
An overview of risk and return for various financial instruments is presented, consistent with the learning objectives for Level I of the CFA exam. Topics also covered include the mechanics of security trading, market efficiency, and fundamental analysis of equities.
3
Prerequisites
66-512,
66-572 and proficiency in Excel.
The use of futures, options, and swaps in hedging and speculation is covered. Pricing theory, applications, and operational issues will be introduced.
3
Prerequisites
66-512,
66-572 and proficiency in Excel.
This capstone course will demonstrate the integrative nature of financial decisions from both the capital market and firm management perspectives. Financial modeling and case studies will be used to analyze the creation of shareholder value. Successful completion of the course will entail a comprehensive project consistent with the learning outcomes. Excel proficiency is required for successful completion of this course.
3
Prerequisites
All Core courses
This course investigates many of the issues facing the international business firm. Topics covered include exchange rate determination, risk management and the interaction of foreign exchange and capital markets.
3
Prerequisites
66-512;
66-572
An indepth mathematical treatment of the futures and options pricing models introduced in Derivatives I is provided. Exotic options and swaps are discussed with a focus on the types traded, their valuation, and their uses for investment and risk management.
3
Prerequisites
66-584 and proficiency in Excel.
Quantitative and qualitative techniques for evaluating portfolios are presented consistent with the learning objectives for the Level I of the CFA exam. Traditional mean-variance analysis and more recent developments in portfolio theory are introduced. Measures of portfolio performance are covered.
3
Prerequisites
66-512,
66-572,
66-579 and proficiency in Excel.
Evaluation of fixed income investments and interest rate fundamentals. Topics will replicate those for the CFA® Level I program and typically include evaluating risk, spot and forward interest rates, and bond interest rate sensitivity as measured by duration and convexity.
3
Prerequisites
66-512;
66-572
This course primarily covers the use of financial statements in analyzing a firm and its securities. Topics will replicate those for the CFA® Level I program and typically include cash flow analysis, earnings computations, and liability classifications including off-balance-sheet debt.
3
Prerequisites
66-512,
66-550 and
66-572
Probability and statistical techniques as applied to financial markets. Topics will replicate those for the CFA® Level I program and typically include correlation and regression in the prediction and evaluation of investment performance.
3
Prerequisites
66-512