Finance Courses Descriptions

New FIN 440: Business Valuation, Mergers and Acquisitions (Available: Spring 2012)


FIN 310   Personal Financial Management (3 units)
Prerequisite: 

Financial problems of the household in allocating resources and planning expenditures. Housing, insurance, installment buying, medical care, savings and investments. Special financial planning problems faced by minorities and women. May not be used to fulfill the concentration requirement in finance.


FIN 320   Financial Management I (3 units)
Prerequisite:  Accounting 201A . Corequisite: InfoSys/DecSci 361A and Business Admin 301.

Financial statement analysis. Interest rates and valuing cash flows (TVM; valuating stocks and bonds). Investment decision rules and capital budgeting. Risk and return (CAPM) and cost of capital.


FIN 321   Financial Management II (3 units)
Prerequisite:  FIN 320.

Risk and return analysis. Introduction to asset pricing models for valuing debt and equity. Analysis of capital budgeting, capital structure and dividend theories, long-term financial planning and firm valuation.


FIN 331   Working Capital Management and Computer Applications (3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Analysis of working capital management and policy, liquidity measurement, sources of financing for periods of cash deficits; management of accounts receivable and inventories; financial forecasting; and short-term financing.


FIN 335   Financial Analysis for Investors and Lenders (3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Interpretation of financial statements from the perspective of the financial analyst and creditor. Economic meaning of financial statement data for the purpose of evaluating a company’s financial performance.


FIN 340   Introduction to Investments (3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Institutional characteristics of securities markets, security valuation and trading methods, fundamental and technical analysis, selection and management of securities, role of the capital asset pricing model in investing, options and futures markets, portfolio analysis and mutual funds.


FIN 342   Capital and Money Markets (3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Capital and money markets in the American and international economies; markets for new corporate and government issues; secondary markets; use of derivative securities for hedging; factors influencing yields and security prices.


FIN 351   Introduction to Real Estate (3 units)
Prerequisite:  FIN 320.

Real estate principles, practices and investment decisions. Equity investment, finance, legal aspects, practices, principles, property development, real estate administration in the public sector, real estate market analysis, and valuation.


FIN 352   Real Estate Finance (3 units)
Prerequisite:  FIN 351.

Financial institutions and real estate credit. Sources and uses of capital (funds) in financing real estate transactions. Money and capital markets and their effect on credit availability. Mortgage mechanics and the workings of primary and secondary markets.


FIN 353   Real Estate Valuation (3 units)
Prerequisite:  FIN 351.

Comprehensive coverage of the basic concepts and principles of real estate valuation. Use of the three approaches to valuation for the appraisal of residential and income-producing properties. Role of valuation in real estate investment. Government regulation of appraisers.


FIN 355   Real Estate Investment Analysis (3 units)
Prerequisite:  FIN 351 or consent of instructor.

Alternative analytical techniques in evaluating real estate investments. Tax aspects, measurement of investment returns, application of computer models to investment decisions. Lecture, discussion and case analysis of major investment types – raw land, apartment houses, commercial and industrial uses.


FIN 360   Principles of Insurance (3 units)
Prerequisite:  FIN 320.

Analysis of the risk management process, introduction to property and liability insurance, employee benefits and financial planning. Overview of the insurance industry and insurance problems.


FIN 370   International Business Finance (3 units)
Prerequisite:  FIN 320.

Financing problems of the multinational business. International financial environment, taxation of foreign income, the cost of capital in international capital and money markets, problems of risk in foreign investments and financial techniques for the operation of the multinational firm. One or more sections offered online.


FIN 371   Export-Import Financing (3 units)
Prerequisite:  FIN 320.

Institutional arrangements, methods and techniques used to finance international trade. Government and financial institution services. Risk-return aspects of international sales, insurance needs, the use of letters of credit, international factoring, accounts receivable insurance and other financing techniques. Review of required export-import documentation.


FIN 373   Asia-Pacific Financial and Security Markets (3 units)
Prerequisite:  FIN 320.

Overview of financial markets in Japan, Korea, Taiwan, China, Hong Kong, Singapore and Southeast Asia. Historical perspectives, regulations, more recent liberalization and internationalization and institutional technical aspects of the stock, bond and other financial markets.



FIN 410   Theory and Practice of Personal Financial Planning ( 3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Developing, implementing and monitoring comprehensive personal financial plans. Risk management, investments, taxation, retirement and estate planning, professional practices.


FIN 411   Retirement and Estate Planning ( 3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Development of retirement objectives, needs and financial condition. Forecasting retirement income from employer based retirement plans, IRAs, insurance policies, social security, and investment programs. Medicare, medical, group life and health benefits after retirement. Property titling, wills and transfers in contemplation of death.


FIN 425   Commercial Bank and Financial Institution ( 3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Solution of financial institution problems. Major financial intermediaries and the decision-making problems they face. Regulation and its effect on management operations. Group problems and case studies.


FIN 432   Financial Forecasting and Budgeting ( 3 units)
Prerequisite:  FIN 320. Corequisite: FIN 321

Forecasting in financial management; profit planning and control process; goals, technical procedures, and effects of budgeting; mechanics of forecasting and budgeting, follow-up and control.


FIN 433   Problems in Business Finance ( 3 units)
Prerequisite:  FIN 321.

Case studies. Group problems and case studies relating to estimation of funds requirements, long-term financial planning, evaluation of cash flows, financing acquisitions and mergers, capital budgeting and cost of capital. Team-building, leadership and computer-assisted presentation skills. Not applicable for graduate degree credit.


FIN 435   Capital Markets and Fixed Income Analysis ( 3 units)
Prerequisite:  FIN 320 or 517. Corequisite: FIN 340 or 541.

Fixed income markets, including the price dynamics and risk profiles of various fixed-income securities, derivatives, yields, duration, credit analysis of bonds, portfolio management strategies, calculating performance and identifying factors driving fixed income returns.


FIN 440   Business Valuation, Mergers and Acquisitions ( 3 units)
Prerequisite:  FIN 321 and classified CBE status; FIN 517 for graduate students.

Business valuation is an essential finance technique. The course focuses valuation, especially for mergers and acquisitions. Valuation methods and their application in mergers and acquisitions will be demonstrated. Students may not receive credit for both Finance 440 and 540. (available: Spring 2012)


FIN 442   Advanced Investment Analysis ( 3 units)
Prerequisite:  FIN 340 and InfoSys/DecSci 361A.

Securities markets and company analysis, security valuation models, the CAPM and the APT, option pricing and portfolio models. Practical application of investment theory and recent literature. Students may not receive credit for both FIN 442 and 541.


FIN 444   Options And Futures ( 3 units)
Prerequisite:  FIN 340.

Put and call options, option pricing theory and models. Financial futures pricing, hedging strategies and models. Institutional characteristics of futures trading. Options and futures on stock indices. Options on futures, theoretical relationship between options and futures.


FIN 454   Real Estate Market Analysis ( 3 units)
Prerequisite:  FIN 351.

Factors and influences of urban growth and development. Economic factors and real estate supply and demand. Location theory and urban growth patterns. Public policy as a factor in real estate development. Analysis of real estate markets.


FIN 461   Business Property and Liability Risk Management ( 3 units)
Prerequisite:  FIN 360.

Duties and functions of a corporate risk manager, the major commercial property liability lines, including business income, general liability, commercial auto workers compensation, business owner insurance and operation of property liability insurers.


FIN 462   Life And Health Insurance ( 3 units)
Prerequisite:  FIN 360.

Analysis of various types of life annuity and health insurance contracts, major employee benefit plans adopted by corporations and the organization and management of life and health insurance companies.


FIN 463   Professional Ethics, Corporate Compliance and Regulation ( 3 units)
Prerequisite:  FIN 320 and Management 246.

How organizations can best assess and manage their exposure to legal, regulatory and ethical issues through corporate compliance programs.


FIN 464   Insurance Marketing and Distribution ( 3 units)
Prerequisite:  FIN 320 and Marketing 351.

Overview of practices and procedures involved in insurance marketing and distribution; Analyzes insurance marketing environment, marketing strategies and product promotion; introduction to insurance distribution channels and sales force management.


FIN 495   Internship ( 3 units)
Prerequisite:  2.5 CPA and completion of one 400-level finance course. A supervised experience where financial principles or methods are applied in a field work setting. Mandatory class meetings to discuss experiences and integrate financial practice. Sections for other concentrations within the department will include application of relevant principles. May be repeated for credit up to a total of six units.

Planned and supervised work experience. May be repeated for credit up to a total of six units. Credit/No Credit only.


FIN 499   Independent Study ( 1 units)
Prerequisite:  FIN 332, 340 and consent of the department chair.

Open to undergraduate students desiring to pursue directed independent inquiry. May be repeated for credit. Not open to students on academic probation.



FIN 517   Managerial Finance ( 3 units)
Prerequisite:  Accounting 510 and classified MCBE status.

Modern theory and practice of financial management. Net present value and the time value of money. Basic principles of risk and return, from an asset pricing perspective, as applied to the valuation of debt and equity. Capital budgeting and forecasting. Capital structure and dividend theory. Firm valuation from a value-based management and corporate governance perspective.


FIN 523   Seminar in Corporate Financial Management ( 3 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status.

Analysis of financial decision-making process through case studies and seminar presentations. Current financial theory and models. International applications.


FIN 528   Financial Economics ( 3 units)
Prerequisite:  FIN 517.

Valuation or corporate liabilities and other securities. Economic decision-making under uncertainty and asset pricing theories are analyzed rigorously. Other topics may include optimal capital structure, the market for corporate control, or macroeconomic aspects of finance. (Same as ECON 528)


FIN 533   Seminar in Financial Administration ( 3 units)
Prerequisite:  Prerequisites: FIN 517 and classified MCBE status.

Optimal financing and asset administration; advanced techniques of capital budgeting; application of analytical methods to the administration of the finance function of the business firm.


FIN 540   Seminar in Business Valuation, Mergers and Acquisitions ( 3 units)
Prerequisite:  FIN 517.

This course covers issues and techniques related to business valuation and mergers and acquisitions. Students may not receive credit for both Finance 440 and 540.


FIN 541   Seminar in Investment Management ( 3 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status.

Problems of investment and portfolio management; concepts of risk evaluation and investment criteria; analysis of interest rate movements; investment valuation and timing; regulation and administrative problems of the industry. Students may not receive credit for both FIN 442 and 541.


FIN 543   Entrepreneurial Finance ( 3 units)
Prerequisite:  FIN 517, Accounting 510 and Accounting 511.

Financing a new/small firm, including forecasting the firm’s investment needs, raising short-term funding and banking relationships, managing working capital, making fixed asset investments and managing risk.


FIN 551   Seminar in Real Estate Investment ( 3 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status.

Problems of real estate investment; concepts of evaluation and investment criteria; analysis of real property values; real estate development and financing. Case studies.


FIN 560   Corporate Risk Management and Insurance Seminar ( 3 units)
Prerequisite:  FIN 517.

Considers how risks are managed with diversification, capital structure, loss control, corporate governance, and how they are financed with commercial insurance contracts and other alternatives. Analyzes markets and instruments created to enable corporations to manage downside risks.


FIN 562   Enterprise Risk Management (ERM) ( 3 units)
Prerequisite:  FIN 517.

ERM framework with the integration of pure, financial, strategic and operational risks. Discusses seven building blocks for developing an ERM program. Legal and regulatory environment, technical tools and future prediction on ERM.


FIN 570   Seminar in International Financial Management ( 3 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status.

Financial problems of the multinational firm. International financing instruments, capital investment decisions and constraints on the profitability of multinational businesses.


FIN 597   Project ( 3 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status, consent of instructor and approval by Department Chair.

Directed independent inquiry. Not open to students on academic probation.


FIN 599   Independent Graduate Research ( 1 units)
Prerequisite:  FIN 517 or equivalent and classified MCBE status, consent of instructor and approval by Department Chair and Associate Dean.

May be repeated for credit. Not open to students on academic probation.


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