FULL-TIME UNDERGRADUATE CALENDAR 2005-2006

Finance

FIN 300 FIN 401 FIN 41A/B FIN 501 FIN 502 FIN 510 FIN 512 FIN 521 FIN 601 FIN 610 FIN 611 FIN 612 FIN 701 FIN 710 FIN 711 FIN 800 FIN 801 FIN 810 FIN 812 FIN 300 Managerial Finance I Students are introduced to the major concepts in finance and investments which are the time value of money, discounted cash flows, and risk and return. Students are given a thorough introduction to the mathematics of asset valuation. In addition, students learn how individual investors assess and reduce the risk associated with their investment decisions. The course examines how firms make investment decisions. The investment decision allocates scarce resources to projects in the firm, and involves financial forecasting, asset valuation, capital budgeting, risk management, working capital management and performance assessment. Prerequisite: ACC 100 or Direct Entry. Lect: 3 hrs./Lab: 1 hr. back to top FIN 401 Managerial Finance This course builds on the material in Finance 300. Students learn how firms assess risk when making investment decisions. Students also examine how firms decide to finance projects they assess as being worthwhile. This decision involves capital structure, dividend policy, financial instruments, risk-return trade-offs, financial planning and the cost of capital. In addition, students are introduced to derivatives, and their uses in investments, risk-management, and capital structure. Firm management in an international context is integrated into the topics covered in the course. Prerequisite: FIN 300 or ECN 320 or Direct Entry. Lect: 3 hrs. back to top FIN 41A/B Canadian Business Finance This course is a two-semester, 2 credit course, which provides a detailed and intensive examination of the concepts and advanced techniques used by financial managers in analysis and decision making. Contemporary issues will be explored. Lect: 3 hrs. back to top FIN 501 Investment Analysis I This course is designed to give students an overview of both security analysis and portfolio management. The course covers the valuation of common stock, Treasury bills and bonds, the tradeoff between risk and return, the efficient market hypothesis, modern portfolio theory, equilibrium pricing relationships, and the evaluation of portfolio performance. Playing an investment challenge game is a requirement of the course. Corequisite: FIN 401. Prerequisite: QMS 202 or Direct Entry. Lect: 3 hrs. back to top FIN 502 Personal Financial Planning This course introduces a framework of basic principles and the financial planning techniques used in professional practice. Topics include setting goals and budgeting, family life cycle, taxation, insurance, managing credit and debt, home ownership and investment principles and types. Prerequisite: FIN 300 or Direct Entry. Lect: 3 hrs. back to top FIN 510 Entrepreneurial Finance In Canada, the majority of new jobs are created by small, entrepreneurial firms. The financial issues confronting entrepreneurial firms are very different from those that face large established companies. The focus of this course will be on analyzing the unique financial issues which face entrepreneurial firms. Prerequisite: FIN 401 or Direct Entry. Lect: 3 hrs. back to top FIN 512 Risk Management and Insurance This course looks at risk exposures and how these risks are addressed. Risk management is a life-long process that involves five steps: identification, evaluation, control, financing and monitoring. Risks can be managed with control techniques or can be financed using insurance. The course covers different types of insurance, both life, health and disability, and property, home and automobile insurance. Included are methods to calculate insurance needs. Prerequisite: FIN 300 or Direct Entry. Lect: 3 hrs. back to top FIN 521 Advanced Portfolio Management Portfolio management requires an integration of skills in financial statement analysis, economic analysis, quantitative analysis, taxation and the valuation of equity and fixed income securities. Topics include the interrelation of economic and market conditions, security valuation techniques, the specific requirements of individual and institutional investors, development of suitable investment policies, construction of multi-asset portfolios that meet the investors’ requirements and circumstances, implementation of the plan, monitoring the profile, responding to change, and the measurement and evaluation of performance. Prerequisites: FIN 501 and FIN 502 or Direct Entry. Lect: 3 hrs. back to top FIN 601 Investment Analysis II This course is entirely dedicated to studying derivative securities-forward and futures contracts and how they modify the risk characteristics of a portfolio, how the exchange, clearing house and marketing to market systems work, arbitrage pricing, relationships, interest rate and currency swaps and the use of various types of options contracts and their use for hedging risk. Prerequisite: FIN 501 or Direct Entry. Lect: 3 hrs. back to top FIN 610 Short-Term Financial Management This course acquaints students with the techniques and practices of short-term corporate finance. The course investigates the role of cash and marketable securities, accounts receivables, inventory, accounts payable and other short term debt. The importance of good forecasting techniques and the nature of the banking relationship will be emphasized. Prerequisite: FIN 401 or Direct Entry. Lect: 3 hrs. back to top FIN 611 Applied Investment Management This course examines some of the emerging ideas in investment management. Students will review recent, theoretical and empirical developments in investments management. By the end of the course, the students will have learned the necessary skills to examine a large number of investment strategies using currently available resources. Prerequisite: FIN 501 or Direct Entry. Lect: 3 hrs. back to top FIN 612 Retirement and Estate Planning This course covers the issues that affect financial needs at retirement-inflation and taxation. Various vehicles for savings for retirement are examined including both private and employer-sponsored. The course also examines ways to withdraw savings at retirement. Estate planning looks at ways to ensure that assets are distributed both in accordance with one’s wishes and for the maximum benefit of one’s heirs. Prerequisite: FIN 501 or Direct Entry. Lect: 3 hrs. back to top FIN 701 Financial Intermediation This course gives the student an introduction to the subject of financial intermediation. Each of the four pillars of the financial system is looked at in some depth including the effect of recent changes in the financial system and regulations. Topics include: Why are financial institutions special? How does a deposit-taking institution work? What risks does it face? Some of the risks include liquidity risk, interest rate risk, market risk and credit risk. How are these risks measured and controlled? Prerequisite: FIN 401 or Direct Entry. Lect: 3 hrs. back to top FIN 710 Advanced Corporate Finance In this course, financial theory will be applied to a variety of corporate finance issues including capital structure policy, dividend policy, corporate valuation, securities valuation, risk management, option pricing applications and mergers and acquisitions. Practical solutions to real world financial issues will be explored. Prerequisite: FIN 501 or Direct Entry. Lect: 3 hrs. back to top FIN 711 Advanced Investment Management This course enhances and extends understanding of the material covered in FIN 501 and FIN 601 and requires the student to integrate a number of concepts. Individual securities not previously studied will be analyzed in depth, e.g., callable and convertible bonds and other securities with imbedded options. The valuation of common stock from a discounted cash flow basis is covered, instead of the usual discounted dividend framework. On the portfolio management side, the passive vs. active management of a portfolio is investigated as well as portfolio performance evaluation and some recent development in investment research. Prerequisite: FIN 501 or Direct Entry. Lect: 3 hrs. back to top FIN 800 Ethics in Finance This course introduces students to the practices and codes of conduct involved in the finance function. The course covers ethical issues and the roles of the corporate financial manager, other stakeholders and other participants in the investment industry. Readings and regulations from both academia and practice will be used to illustrate theory. Cases and speakers will be employed to bring a real world perspective to the classroom. Prerequisite: FIN 300 or Direct Entry. Lect: 3 hrs. back to top FIN 801 Financial Risk Management This course integrates material from FIN 601 and FIN 701 to look at the question of how a financial institution controls and hedges itself against all of the various risks that it faces. The course looks at liquidity management, deposit insurance, capital adequacy, credit risk management, loan securitization, interest rate forwards, futures, swaps, caps, floors and collars and how banks use these derivative products to manipulate its exposure to various types of risk. Prerequisite: FIN 601 or Direct Entry. Lect: 3 hrs. back to top FIN 810 Corporate Financial Analysis The objective of this course is to train students in the art of financial statement analysis and its application in credit analysis and business valuation. The course is extremely applied and comprehensive. Prerequisites: ACC 414 and FIN 401 or Direct Entry. Lect: 3 hrs. back to top FIN 812 Advanced Personal Financial Planning This course integrates other courses taken to prepare for the Certified Financial Planning exam which is set by the Financial Planners Standards Council. Students will demonstrate their understanding of all the concepts, including the ethical considerations of managing a practice by preparing a major financial planning project. Case studies will explore comprehensive financial planning which reflect the client’s goals. Students will be introduced to Financial Counselling and the ways it impacts a client’s financial dealings. Students are also introduced to an alternative model of Financial Planning. In addition, the course covers managing a professional practice. Prerequisites: FIN 512 and FIN 612 or Direct Entry. Lect: 3 hrs. back to top