FIN Discription
FIN 310 Fundamentals of Finance(3 credits)
Financial techniques and analysis for business decision making which build upon the prerequisites of economics, accounting, and statistical methods. The major tools include cash flow, financial statement structure and analysis, the time value of money, and risk. Specific topics studied with these tools include working capital management, asset investment and capital budgeting, corporate structure and the choice of debt vs. equity financing, financial market valuations, and the financial implications of business strategic decisions.
Prerequisite: ACC 212
FIN 320 Financing a Small Business(3 credits)
An examination of the financial issues and problems faced by small businesses. Topics include financial statement analysis, forecasting, working capital management, coping with financial distress, sources of capital, business valuation, and ethical issues. Students will develop problem-solving skills by analyzing weekly case study assignments and preparing a comprehensive business plan. Emphasis will be placed on the availability and use of community resources to assist small businesses. Extensive use of computer spreadsheet programs required.
Prerequisite: FIN 310
FIN 330 Monetary Theory(3 credits)
This course provides an understanding of the theoretical and practical aspects of monetary policy and how such policy affects the economy. This course provides an overview of relevant macroeconomic theory, an analysis of the relationship between money and aggregate economic activity, and a discussion of various mechanisms for the transmission of monetary policy. This is followed by a survey of various schools of thought regarding the implementation and effectiveness of monetary policy. The structure of the Federal Reserve System is examined, including a detailed examination of the procedures used to implement monetary policy. Conventional tools are analyzed in light of changing financial structure, and new regimes are analyzed.
Prerequisite: ECO 201, FIN 310
FIN 340 Banking Operations (3 credits)
This course provides students with an introduction to topics that are applicable across all financial product processing (including derivatives, securities, FX, money-markets). The course contains essential concepts that all operations personnel should be aware of, such as how payments in overseas currencies are made, what needs to be issued in order to effect a payment, and the essential deadlines.Topics covered include background to banking,
functions of a bank, credit creation, funds transmission services, types of banks,
regulatory developments: BIS ratios and their meaning, BASLE I and BASLE II outlined
problems of banks (liquidity, matching assets to liabilities, competition, low market growth),
meaning and importance of Cost/Income Ratios, meaning of spread and return on assets, and
current issues and influences (expansion, diversification, and bank assurance).
Prerequisite: FIN 310
FIN 350 Islamic Banking(3 credits)
This course offers students the opportunity to understand the fundamentals behind conducting Islamic Banking. Students shall be enabled to recognize the common Islamic Banking operations and financial products in order to offer value-added services that will create opportunities to attract and capture the Muslim market. An introductory background on the related Islamic concepts is offered linking them to the emerging banking and financial issues.
Prerequisite: Junior Standing
FIN 380 Seminar in Finance(3 credits)
A variable content classroom course in finance in which students pursue topics or subjects of current interest that are not part of the regular curriculum. A specific course description will be published in the course offering schedule.
Prerequisite(s): Consent of Advisor
FIN 410 Financial Markets and Institutions(3 credits)
The objective of the course is to prepare students for today’s dynamic financial environment. The scope comprises the diversity of financial instruments and institutions, and the latest developments and issues from the financial arena - domestic as well as international. The emphasis of the course is on the theoretical and practical understanding of key concepts such as: financial markets, money markets, foreign exchange, debt markets, equity markets, mortgage and securitization, derivatives markets, central bank role, and international agencies roles.
Prerequisite: FIN 310
FIN420 Financial Statement Analysis(3 credits)
This course focuses on the analysis of financial statements as an aid to making investment, lending and financial planning decisions. Students shall be prepared to perform accurate interpretation and analysis of the statements through the utilization of various case studies. The course adopts a contemporary approach to the topic of financial statements analysis. Although attention is devoted to the mechanics of dissecting financial statements, the primary emphasis lies on development of an understanding of the market environment in which financial information is used.
Prerequisite: FIN 310
FIN 430 Investment Analysis(3 credits)
In this course, students will learn about the analysis and valuation of stocks and bonds and the measurement of investment performance. Topics will include trading mechanisms and the structure of financial markets around the world. The risk associated with such investments and techniques for measuring them will be analyzed. Valuation of contingent claims such as options and futures will also be discussed. International topics and ethics will be an integral part of the course.
Prerequisite: FIN 310
FIN 450 International Finance(3 credits)
This course provides a framework for examining financial management decisions in an international setting. Issues examined include: foreign exchange risk management, multinational working capital management, foreign investment analysis and financing foreign operations.
Prerequisites: ECO 202, FIN 310
FIN 460 Banking Audit(3 credits)
This course shall enable students to understand current internal audit challenges and opportunities, develop an internal audit function that will be able to meet the changing expectations of key stakeholders, appreciate the benefits of risk based internal auditing, and gain insights into current best practices in internal audit in leading banks.
Prerequisite: FIN 340
FIN 470 Retail Banking(3 credits)
This course offers students an overview of the retail banking products and services offered to the customers. It gives the student an overview of the different types of customers, the various retail banking products and services like various deposits, payments, remittances, collection and clearance services, cash management services, documentary bill collection, inter-bank settlements for customers with multiple accounts and services with banks etc... It also gives a brief idea of DEMAT accounts & services and also different distribution channels available to a bank to reach out to customers with their offerings.
Prerequisite: FIN 410
FIN 497 Professional Training Practice(3 credits)
Students work throughout a semester during their junior or senior year with a company in an area of business related to the student’s major. This course provides students with on-the-job experience in their major. This experience will enhance and apply those concepts taught in the classroom.
Prerequisite: Junior Standing and Consent of Advisor
FIN 499 Final Project(3 credits)
This course is divided into parts: the first part teaches students the importance of taking the time and effort for a thorough project initiation and plan launch to ensure that the project starts off on the right foot. Students will learn how to conduct project requirements sessions and develop the business case, as well as define the project charter and create the project plan approach. This course has been designed from a practitioner's perspective, so students will come away from each course with information they can immediately apply on the job.
The second part gives the student the ability to plan, design, implement, and test the project. Students are required to document the project design experience from start until finish. Students shall prepare a professional manuscript and to present details in front of a jury.
Prerequisite: Senior Standing