Finance (FIN)           1

FINANCE (FIN)FIN 505 ESSENTIALS OF FINANCE (1.5)Provides students with knowledge and understanding of the basicconcepts of financial management and how they can be applied tomaximize the value of a corporate entity. Topics include financialstatement analysis, time value of money, financial markets and interest-rate determination, security pricing and valuation, and decision tools.Prerequisites: ACCT 505 and ECON 505.

FIN 605 FINANCIAL MANAGEMENT (1.5)Provides intermediate-level coverage of topics in financial statementsand their analysis, financial forecasting, security risk and pricing, capitalbudgeting and nonpublic corporate finance. Prerequisites: FIN 505, OPRE505, ECON 506 or permission of the MBA program director.

FIN 615 ENTREPRENEURIAL FINANCE (1.5)Provides intermediate-level coverage of topics in venture capital andprivate equity, asset allocation, security risk and pricing, decision-makingand nonpublic corporate finance. Prerequisite: FIN 605.

FIN 625 CORPORATE FINANCE (1.5)Provides intermediate-level coverage of topics in financial statementsand their analysis, financial forecasting, security risk and pricing, capitalbudgeting, capital structure and derivative instruments such as optionsand futures. Prerequisite: FIN 605.

FIN 700 FINANCIAL REPORTING (3)Integrates US GAAP and International Financial Reporting Standards(IFRS) to develop student understanding of financial accountingtransactions, reporting standards, and financial statements. Casematerials and financial statements of U.S. and international companiesare incorporated. Topics include: financial reporting, financial statementpresentation issues, cash flow analysis, measurement and assumptionissues (including fair value accounting), and classification andrecognition issues. Prerequisites: FIN 640, ACCT 504.

FIN 704 BANK MANAGEMENT (3)An in-depth examination of the theory and practice of financial decision-making for banks and other depository institutions using both atraditional and a case approach. Topics include bank performanceanalysis, strategic planning, interest-rate risk management, liquiditymanagement, investment management, loan management, securitizationand global bank activities. Prerequisite: FIN 640. University of Baltimorecourse provided as part of the joint Accounting and Business AdvisoryProgram.

FIN 705 ADVANCED FINANCIAL ANALYSIS (3)Designed to extend the knowledge and skills acquired in FIN 640 byapplying the tools of financial analysis and decision-making at theadvanced level. A variety of case and other live problem applicationsinclude coverage of the areas of diagnostic financial statement analysis,complex time value of money applications, capital market theory andportfolio management, financial performance forecasting and valuationand development and management of financial policy. Prerequisite:FIN 640. University of Baltimore course provided as part of the jointAccounting and Business Advisory Program.

FIN 715 INVESTMENT ANALYSIS (3)A study of valuation and measurement of risk and return of financialinstruments in the context of mern portfolio theory. Coverage ofsecurities includes a variety of stodk and bond types, as well as futuresand options contracts. Prerequisites: Graduate standing and FIN 640.

FIN 720 GLOBAL FINANCE (3)The unique issues faced by a corporation doing business in a globalenvironment, especially regarding the efficient management of financialresources. Topics include economic, transaction and accountingexposure to currency price fluctuations. Prerequisite: FIN 640. Universityof Baltimore course provided as part of the joint Accounting andBusiness Advisory Program.

FIN 725 RISK MANAGEMENT (3)A comprehensive overview of concepts and tools of corporate riskmanagement. Critical questions addressed include the motivation for riskmanagement, identification and measurement of risk, and managing risktrade-offs and value added. Coverage of risk management tools beginswith the classic Value-at-Risk measure and continues by developingand critiquing more sophisticated methods, including the applicationof options and futures contracts. Tools are then applied to problems ofmanaging interest rate risk, credit risk and other forms of operating risk.Prerequisite: FIN 640. University of Baltimore course provided as part ofthe joint Accounting and Business Advisory Program.

FIN 730 FIXED-INCOME SECURITIES (3)An introduction to the analysis of fixed income securities, beginningwith an overview of the bond market and its mechanisms. A detailedand rigorous examination of bond characteristics and the mathematicsof bonds will be made. Analysis will extend to a range of fixed-incomesecurities, such as treasury securities, corporate securities andmortgages. Broader strategies for fixed-income portfolio managementwill also be examined. Prerequisite: FIN 640. University of Baltimorecourse provided as part of the joint Accounting and Business AdvisoryProgram.

FIN 735 FINANCIAL MODELING (3)Covers the standard financial models in both corporate finance andinvestments, including capital budgeting, capital asset pricing model,bond calculations and option models. These models will be implementedusing Excel and/ or MATLAB. Prerequisite: FIN 640. University ofBaltimore course provided as part of the joint Accounting and BusinessAdvisory Program.

FIN 745 DERIVATIVE INSTRUMENTS (3)Provides information relevant to a wide range of derivative instruments,including financial and agricultural options, equity options, futuresoptions, currency options and index options. Emphasis is on pricingmodels, as well as on strategies to identify, price, hedge and transferrisk using derivative instruments. Prerequisite: FIN 640. University ofBaltimore course provided as part of the joint Accounting and BusinessAdvisory Program.

FIN 750 REAL ESTATE INVESTMENT (3)Advanced course in the analysis and valuation of real property, withan emphasis on income producing property. Topics include: cash flowanalysis, internal rate of return calculations under uncertainty, basicappraisal techniques, alternative financing forms, market analysis andthe securitization of real property and mortgages. Both theory and caseanalysis are used. Prerequisite: FIN 640. University of Baltimore courseprovided as part of the joint Accounting and Business Advisory Program.

2        Finance (FIN)

FIN 760 SOCIAL ENTERPRISE AND ENTREPRENEURSHIP (3)Successful nonprofit organizations are constantly challenged to expandtheir impact, be socially responsible and fiscally accountable and findnew sources of revenue. In response, more and more organizationsare discovering innovative ways to generate both financial and socialreturns on their investments. Students and selected nonprofits learnabout successful ventures and engage in lectures and hands-on workto determine the feasibility of entrepreneurial ideas, recognize andovercome financial obstacles and convert social venture ideas intoreality. Prerequisites: MGMT 760 or MKTG 762, and FIN 640 University ofBaltimore course provided as part of the joint Accounting and BusinessAdvisory Program.

FIN 770 ENTRPRENEURIAL FIANANCE AND VENTURE CAPITAL (3)Financing an entrepreneurial organization from start-up to initialpublic offering and beyond. Topic coverage includes identification andassessment of capital needs, financial planning, sources of capitaland the role of venture capital and the capital markets in financingentrepreneurial organizations. Prerequisite: FIN 640 University ofBaltimore course provided as part of the joint Accounting and BusinessAdvisory Program.

FIN 780 BUSINESS VALUATION (3)Building on the theory and techniques of cash flow analysis, valuationand investments, this course involves a study of the methods andmotives for corporate restructuring. Topics include market disciplineand incentive alignment, reinvestment and distribution of cash flows,managing capital structure and mergers, acquisitions and divestitures.Prerequisite: FIN 640. University of Baltimore course provided as part ofthe joint Accounting and Business Advisory Program.

FIN 797 SPECIAL TOPICS IN FINANCIAL MANAGEMENT (3)Specialized topics in finance, allowing flexibility for both the changingdevelopments in finance and the educational needs of students. Topicareas may include entrepreneurial finance, cash and liquidity. Exacttopics are posted in the university schedule of classes. May be repeatedfor credit as topics vary. Prerequisite: FIN 640 or area approval. Universityof Baltimore course provided as part of the joint Accounting andBusiness Advisory Program.

FIN 799 INDIVIDUAL RESEARCH (1-3)Individual research in an area of interest to the student. The expectationis that work equivalent to a regular graduate course will be completed.Formal paper(s) will be written under the supervision of a full-timefaculty member. Prerequisite: approval of chair of Division of Economics,Finance and Management Science. University of Baltimore courseprovided as part of the joint Accounting and Business Advisory Program.