Northeastern State University

FINANCE (FIN)

2113 Personal Finance 3 hours

An introductory course covering the various problems of individual financial management. Recommended course content topics include: personal budgeting, consumer loans, credit cards, personal insurance, savings accounts, investments, social security, home purchases, financial institution services, personal taxes, wills, estate planning, retirement planning, career planning, financial planning, and lease arrangements. Not available as finance major elective.

2013 Special Topics in Finance 3 hours

Study of current issues and concepts in finance including such topics as derivative securities, estate planning, retirement planning, insurance planning, and personal investing. Not available for Finance major elective.

3013 Money and Banking 3 hours

An intensive analysis of commercial and non-commercial banking institutions, including theories of money supply, interest rates, and credit policies. Prerequisite: ECON 2113. (Dual listing as ECON 3013.)

3203 Real Estate Principles 3 hours

An introduction to the field of real estate, including legal descriptions, rights and interests, ownership, title, recordation and abstracts, contracts, mortgages, and insurance. Prerequisites: BLAW 3003 or instructor permission.

3213 Principles of Finance 3 hours

An introductory course covering the various problems involved in the financing of the business firm. Recommended course content topics include: financial planning and forecasting, capital budgeting, time value of money, cost of capital, financial statement analysis, security valuation, risk analysis, capital structure theory, working capital management, business taxation, and sources of capital. Prerequisites: ACCT 2103, 2203, MATH 1513, ECON 2113 and 2213.

3303 Real Estate Finance 3 hours

An intensive analysis of the financing of commercial and residential real estate development and the investment opportunities offered by real estate. The course covers commercial and residential mortgaging, real estate contracts, evaluation of the purchase of rental properties, the role of appraisal in real estate financing, and real estate investing including real estate investment trust (REIT). Prerequisites: IS 1133 or equivalent, FIN 3213, and BLAW 3003 or instructor approval.

3313 Contemporary Studies in Finance 3 hours

Designed to vary with need of the students. Topics may vary to include current issues in finance, derivatives, futures market, speculative investments, security analysis, cash management, and risk analysis. Prerequisites: FIN 3213, and permission of instructor and junior standing or above.

3533 Working Capital Finance 3 hours

Focus on the management of the current assets and liabilities of the firm. Emphasis on management of treasury functions, inventories, accounts receivables and short term borrowing. Includes credit management and control, collection methods and techniques and the credit analysis of clients. Prerequisite: FIN 3213.

3613 Insurance 3 hours

A study of the basic ideas, problems and principles found in all types of modern day insurance, including fundamentals of insurance contracts, the nature of the insurance institution, and government regulation of insurance.

3633 Investments 3 hours

A first course in investments designed to develop a successful investment program. Topics include a discussion of economic and industry specific issues, a survey of securities, security analysis and valuation, securities markets, and securities laws. Prerequisite: FIN 3213, IS 1133

4013 Management of Financial Institutions 3 hours

Covers intermediary functions and the management of financial institutions in an international environment. Emphasis will be on the use of financial concepts and techniques for ethically managing the financial institution of the future. Topics will include gap management, asset/liability management, and regulation of financial institutions. Prerequisite: ECON 3013, FIN 4233.

4023 International Finance 3 hours

Current practices and conventions of multinational firms. Emphasize international financial theory and international financial decision-making process. Topics covered include: the environment of multinational firms, the foreign exchange market, asset management techniques, and multinational corporations. Prerequisites: FIN 3213, ECON 3013

4033 Professional Financial Planning 3 hours

The study of the principles, concepts, ethics and applications of financial planning for the professional planner working with individuals, families, or businesses. Analytical procedures will be taught and cases used to illustrate the determination of financial goals, appropriate product selection, and planning process implementation necessary to accomplish goals. Prerequisites: FIN 4323, 3633, and 3613, ACCT 3003, 4223.

4183 Managerial Finance 3 hours

Financial function including analysis of financial needs, acquisition of financial resources, and the allocation of funds to finance ongoing business activity. Financial decision making involving applied economics, accounting, and statistics. Prerequisites: ACCT 2203, FIN 3213, MGMT 3183.

4193 Financial Statement Analysis 3 hours

An in-depth study of financial analysis utilizing an analytic framework and statistical tools to measure risk and predict firm performance. Computer modeling skills and techniques are developed to analyze financial or business strategies. Prerequisites: FIN 3213 and ACCT 3303 or FIN 4183. (Dual listing as ACCT 4193).

4233 Securities Markets 3 hours

Study of financial markets and institutions. The course covers the nature, functions, structure, and regulation of financial markets in the U.S. and internationally. Topics include: equity markets (stocks and mutual funds), debt markets (corporate and municipal), and the institutions operating in those markets. Prerequisite: FIN 3213.

4243 Derivative Securities 3 hours

An in-depth study of the characteristics of derivative securities including call options, put options, future contracts, forward contracts, and swaps and their use by businesses and financial institutions. Additional topics include risk analysis, hedging, arbitrage, and financial engineering to achieve financial objectives. Prerequisite: FIN 3633.

4323 Estate Planning 3 hours

In this course students apply estate planning in personal financial planning. This course is designed to provide students with an understanding of the concepts of the fundamentals of estate planning, estate planning considerations and constraints, tools and techniques for general estate planning, and the tools and techniques for special estate planning situations. Prerequisites: ACCT 3003

4333 Portfolio Management 3 hours

Studies of issues relative to portfolio construction and asset allocation. The course covers the process of setting, monitoring, and achieving portfolio objectives, diversification, hedging, and the role of ethics (fiduciary duties and responsibilities). Prerequisite: FIN 3633.

4383 Quantitative Analysis of Financial Decisions 3 hours

A study of the theoretical foundations and the practical application of the various techniques available to analyze long-term investment decisions of a firm. The course emphasizes the capital budgeting process, including risk analysis, real options, and the cost of capital. Prerequisite: FIN 4183.

4433 Seminar in Finance 3 hours

Emphasis on application of finance concepts to real world problems using case studies with heavy reliance on spreadsheets models. Cases will cover financial analysis and forecasting; working capital management; capital budgeting; determination of the optimal capital structure; leasing; and other financial issues of topical interest. Prerequisites: FIN 4183; IS 1133.

4950 Finance Internship 3 or 6 hours

Work in an approved business position related to finance. Consists of applying knowledge which has been gained while working toward a degree. Prerequisite: Junior standing or above, and approval of department chair. Not available as Finance elective.