Principles of Banking

FIN150

An overview of banking from colonial times to the present day, with emphasis on current issues and trends. Bank organizational structure, line/staff functions and employee responsibilities are reviewed. The regulatory environment of banking is studied, including the involvement of the Federal Reserve and monetary policy. Bank deposit services are examined, focusing on types and requirements of deposit accounts, negotiable instruments, payment flows, and the check collection process. The credit function is also studied, reviewing sound underwriting guidelines for consumer, mortgage and commercial loans. Specialized products such as trust services, cash management, international banking, and brokerage services are reviewed as is the importance of marketing in today's competitive environment. Skills learned include methods of measuring and analyzing the performance of financial institutions. Spring Only.

3 Credits: 3 Lecture

Fundamentals of Financial Planning

FIN305

Study of personal finance for achieving financial objectives and making effective financial decisions. Topics includes personal financial statements, budgeting taxes, major purchases, use of credit and bank loans, insurance, investing, retirement planning, and estate planning.

3 Credits: 3 Lecture

Prerequisites:
ACC113

Finance

FIN350

To provide an overview of investments, financial institutions, and financial management. This course assumes the student is the financial manager of an enterprise. Areas of study include corporate financial theory, financial analysis and planning, security markets, stock and bond valuation, capital structure theory, capital budgeting, and international finance.

3 Credits: 3 Lecture

Prerequisites:
ACC113 and MTH157

Investments

FIN360

Analysis of investments, including various types of investment vehicles, techniques and strategies. Emphasis on the investment environment, role and scope of investments, measuring risk and return and types of investment markets and transactions. Includes the study of common and preferred stocks, bonds, government issues, convertible investments, mutual funds and derivative securities. Spring Only.

3 Credits: 3 Lecture

Prerequisites:
FIN350; or
FIN305

Money & Banking

FIN370

In-depth study of the role and function of money, the Federal Reserve System, and the United States banking system. Specific subjects covered include: monetary standards, financial instruments, monetary theory, capital and money markets, rationale for interest rates, fiscal and monetary policy, inflation, sources and uses of credit and the role of financial institutions. Fall Only.

3 Credits: 3 Lecture

Prerequisites:
ECO111 and MTH157; or
ECO111 and MTH160; or
ECO111 and MTH153

Retirement & Insurance Planning

FIN395

Retirement and insurance planning component of the financial planning process will be studied. Topics include retirement and insurance planning, types of retirement plans, qualified plan characteristics, calculating annual savings needed to reach retirement, life insurance strategies, income taxation of insurance benefits, annuities, insurance policy selection, and insurance company selection.

3 Credits: 3 Lecture

Prerequisites:
FIN305

International Finance

FIN450

Study of traditional concepts of international financial management, such as international financial markets and regulation, multinational capital budgeting, foreign exchange markets, exchange rate behavior, and risk management. Analysis and synthesis of topics as determinants of the strategic direction of both large and small domestic enterprises. As needed.

3 Credits: 3 Lecture

Prerequisites:
FIN350