FI 300A Managerial Finance — 3 units

Introduces the principles of financial management at the level of the strategic business unit, in the departments and divisions of the firm. You will focus on understanding capital budgeting and on planning and control decisions: how the firm’s funds are to be allocated across the universe of investment opportunities, and how the successes of these efforts are to be monitored and evaluated. In addition, liquidity or cash management, a daily preoccupation of the financial manager will be explored. You will learn the concepts, tools, and techniques necessary to making value-adding decisions in the SBU. In the process, the integration of finance with the other functional areas and strategic concerns of the firm will be emphasized. Case analysis and team projects are used as appropriate. Prerequisites: ACCTG 201, MATH 240.

 

FI 305 Financial Reporting and Analysis — 3 units Combines theoretical concepts underlying the presentation of financial statements with the practical techniques of financial analysis. Topics include accounting processes; examination of the components of the balance sheet, the income statement and the statement of cash flows; application of the various quantitative techniques of financial analysis, such as ratio interpretation and EPS evaluation; and the meaning and significance of the auditor’s opinion. Prerequisite: FI 300.

 

FI 307 Financial Modeling — 3 units

Presents the theory and practice of financial management with emphasizing computer-based modeling and forecasting. Uses spreadsheet and other software products to analyze the impact of financial decisions related to financial statement analysis, cash budgeting, cost of capital determination, capital budgeting and capital structure choices. The course covers a variety of techniques, such as sensitivity and scenario analysis, optimization methods, Monte Carlo simulation, regression and time-series analysis and neutral network models. Prerequisite: FI 300.

 

FI 308 Management Control Systems — 3 units Surveys systems for controlling and monitoring resource utilization within the context of the organization’s objectives. Topics include performance measurement for responsibility centers, structuring of investment and profit centers, transfer pricing, control of managed costs, incentive systems, budgeting systems and long-range planning. Prerequisite: FI 203 (or FI 100) or FI 300A.

 

FI 312 Capital Budgeting and Long-term Financing — 3 units Analyzes capital budgeting and long-term financing decisions in depth. Topics include interaction of investment and financing decisions, project cash flow analysis, risk analysis, alternative valuation methods, capital structure theory and the selection of various financing methods. Prerequisite: FI 300.

 

FI 314 Working Capital Management — 3 units Examines financial decisions that affect the value of the firm in the short run. Topics include receivables management, inventory management, marketable securities management, short-term liability management and cash management. Prerequisite: FI 300.

 

FI 317 Mergers and Acquisitions — 3 units

Surveys the field of mergers and acquisitions using case studies. Topics include accounting for acquisitions, tax implications of mergers, legal aspects of mergers, the role of investment bankers in mergers, valuing business, merger negotiation, risk management, leveraged buyouts, tenders and defenses. Prerequisite: FI 300.

FI 300A — FI 346

FI 318 Venture Capital and Start-up Financing — 3 units Examines the strategic and financial issues facing high-growth start-ups. Helps you develop a sophisticated understanding of the tools and techniques employed by successful entrepreneurs in raising start-up, growth, and acquisition capital for their ventures. You will explore alternative financing sources, notably venture capital and “angel” investors. In addition, you will review the exit strategies available to companies, including IPOs and mergers. Topics discussed include the history and current direction of the venture capital industry, valuation techniques for new ventures and established private firms, raising venture capital and alternative financing, entrepreneurial management issues in capital raising, maintaining control and direction, and harvesting the venture via IPO or merger. Prerequisite: FI 203 (or FI 100) or FI 300A.

 

FI 320 Financial Strategy and Value Creation — 3 units Demonstrates the use of competitive strategy to create shareholder value, industry attractiveness, firm-based resources and competitive advantage in a variety of settings, including technology-intensive and mature industries. Introduces the use of transaction cost economics and the capital-asset pricing model to analyze vertical integration, diversification and global strategies. Extensively uses case studies to build strategy development skills. This course may not be taken by MBA students. Prerequisite: FI 300.

 

FI 340 Investments — 3 units

Presents the theory and practice of investment analysis. Topics include efficient market theory; risk and return analysis for stocks, bonds and cash equivalents; modern portfolio theory; asset pricing models; bond pricing and the term structure of interest rates; effects of taxes and inflation on investment choices; and derivative asset analysis. Prerequisite: FI 300.

 

FI 343 International Corporate Finance — 3 units Surveys the international aspects of financial management. Topics include the international currency arrangement for the settlement of private and public transactions; the theory of international financial adjustments; functions of financial institutions including the Federal Reserve System, the Euro-currency market, IBRD and IMF; financing of trade including EXIM and FCIA and commercial banks; foreign-exchange markets; management of currency exposure; estimating country debt-servicing capacity; and external debt-financing problems. Prerequisite: FI 203 (or FI 100) or FI 300A.

 

FI 344 Fundamental Analysis of Securities — 3 units Presents the concepts and theory underlying stock and bond analysis. Topics include understanding financial statements; income manipulations; common stock valuation techniques; industry analysis; company analysis; fixed income securities analysis; other investments such as convertibles, warrants, options and short-term fixed income securities; efficient market theory. Prerequisite: FI 203 (or FI 100) or FI 300A.

 

FI 346 Derivative Markets — 3 units

Introduces theory and practice in the forward, futures, swap and options markets. Topics include commodity derivatives, currency derivatives, stock options, stock index futures and options, interest rate derivatives, arbitrage strategies, Black-Scholes and Binomial option-pricing models and computer applications. Prerequisite: FI 340.