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. 3 Credits (3 Lecture) Spring Only.
Fundamentals of Financial Planning
Guide to personal finance for achieving financial objectives and making effective financial decisions. Study includes the fundamentals of personal financial planning. Topics include: personal financial statements, budgeting taxes, major purchases, use of credit and bank loans, insurance, investing, retirement planning, and estate planning. 3 Credits (3 Lecture) Prerequisite(s): ACC113.
Introduction to the world of investments, including various types of investment vehicles, techniques, and strategies. Study includes the investment environment, role, and scope of investments, measuring risk and return and types of investment markets and transactions. Traditional short- and long-term investment instruments are analyzed, such as: common and preferred stocks, bonds, government issues, convertible investments and mutual funds. Higher-risk, more complex investments, e.g., options, futures, real estate, precious metals, artwork, are reviewed. Tax implications of the various investments are studied. Lastly, portfolio management is analyzed, including techniques and strategies. 3 Credits (3 Lecture) Prerequisite(s): FIN350 or FIN305. Spring Only.
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) Prerequisite(s): ACC113 and MTH160 or ACC113 and MTH153.
Money and Banking
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. 3 Credits (3 Lecture) Prerequisite(s): ECO111. Fall Only.
Retirement and Insurance Planning
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) Prerequisite(s): FIN305.
Study emphasizing the process of planning the accumulation, conservation, and distribution of an estate to accomplish personal tax and nontax objectives. Topics include federal estate and gift taxes, wills, intestacy, the probate process, the use of trusts, property ownership forms, life insurance, lifetime gifting, the unified credit, charitable deductions, intrafamily and business transfers, valuation planning, and postmortem planning techniques. 3 Credits (3 Lecture) Prerequisite(s): FIN305 or FIN350. Fall Only.
Retirement Planning and Employee Benefits
Study of personal tax-deferred retirement programs and the framework for calculating annual savings needed to reach income goals. Focus on qualified plan design, with an emphasis on the advantages and disadvantages of specific types of qualified plans for the owners of small to medium sized businesses. Topics include qualified plan design, retirement planning, deferred compensation, group life and health insurance, and other employee benefits. 3 Credits (3 Lecture) Prerequisite(s): FIN305 or FIN350. Spring Only.
Financial Planning Capstone
A comprehensive analysis of all areas of financial planning that requires synthesis of prior knowledge of all areas of financial planning using a case approach toward developing a financial plan. As the final course in the financial planning program, integration of all CFP Board required topics is required. 3 Credits (3 Lecture) Prerequisite(s): FIN305 and FIN320 and FIN420.
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. 3 Credits (3 Lecture) Prerequisite(s): FIN350 and MGT355. Fall Only.