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WebTycho Graduate School of Management and Technology
Course Descriptions - FIN (Financial Management)
FIN 610 Financial Management in Organizations (3)
(Formerly ADMN 631. For students in an accounting or financial management specialization or program.) Prerequisite: MGMT 640. An investigation of financial management theory and applications in business, government and not-for-profit organizations. Discounted cash flow and rate-of-return analysis are used to evaluate projects and financial instruments. Discussion covers the role of the cost of capital and the Capital Asset Pricing Model (CAPM) in capital investment analysis and selection. Capital budgeting, capital structure analysis, breakeven analysis, scenario analysis, sensitivity analysis, real options, short-term financial management and international finance are introduced.
FIN 615 Financial Analysis and Modeling (3)
(Formerly ADMN 632.) Prerequisite: FIN 610. An exploration of how financial managers use financial modeling, analysis and research to build forecasts and projections, evaluate financial alternatives and support financial decision making in both operational and strategic contexts. Models are developed using Microsoft Excel; exercises and extended case studies are utilized to interpret and employ results. Topics include financial statements and ratio analysis, cash flow forecasting, operations budgeting, breakeven and leverage analysis, time value of money applications and capital budgeting and risk assessment.
FIN 620 Capital Markets, Institutions and Long-Term Financing (3)
(Formerly ADMN 633.) Prerequisite: FIN 610. An exploration of the long-term capital needs of an organization and the roles of capital markets and institutions. Topics include the financial environment of organizations, the role of the Federal Reserve and financial intermediaries, capital and money markets, options and futures markets, the capital budgeting decision process, capital structure management, dividend and share repurchase policy, and investment banking and restructuring. Various types of long-term funding sources—including term loans, derivatives, debt and equity securities, and leasing—are analyzed. Alternate policies related to financial leverage, capital structure, dividends and the issuance of preferred stock, warrants and convertible debt are evaluated. Mergers, leveraged buyouts and divestitures are examined as special situations to create value.
FIN 630 Investment Valuation (3)
(Formerly ADMN 634) Prerequisite: FIN 610. An in-depth exploration and application of valuation models to support managerial decision making in a strategic framework. The theory, concepts and principles underlying the valuation of firms, business/product lines and mergers and acquisitions are addressed using extended exercises and applications. The discounted cash flow model is used as a tool. Discussion covers the financial drivers of value, including assessing and determining risk, competitive advantage period and sales and earnings growth estimates. Other valuation techniques using earnings, revenues and price/earnings multiples are also discussed and applied in selected examples.
FIN 640 Multinational Financial Management (3)
(Formerly ADMN 639.) Prerequisite: FIN 610. A study of financial management issues in multinational organizations. Topics include the environment of international financial management, foreign exchange markets, risk management, multinational working capital management and foreign investment analysis. The financing of foreign operations, international banking and the role of financial management in maintaining global competitiveness are also considered.
FIN 645 Behavioral Finance (3)
Prerequisite: FIN 630. A study of the key psychological obstacles to value-maximizing behavior and steps that managers can take to mitigate their effects, using the traditional tools of corporate finance. Focus is on understanding the underlying factors and processes that result in nonoptimal decision making by financial managers. Topics include perceptions about risk and reward and financial decision making in the areas of valuation, capital budgeting, capital structure, dividend policy, agency conflicts, corporate governance, and mergers and acquisitions. Readings and exercises explore the psychological basis of nonoptimal decision making from the perspective of the individual investor.
FIN 660 Strategic Financial Management (3)
(Formerly FIN 670.) Prerequisites: FIN 610, 620, and 630. An integrative study of financial management through readings, discussion, applied problems, and case studies. Topics reflect the changing environment around the role of financial management in organizations and include corporate performance management, the role of intangibles in value creation, the restructuring of financial processes, corporate governance and ethics, value-based management, strategic cost management and the impact of information technology on the organization’s financial systems. A business finance simulation is used as an integrating mechanism.