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FIN 610 Financial Management in Organizations (3) (Formerly ADMN 631)
Prerequisite: MGMT 640.(For students in an accounting or financial management specialization or program). Recommended: UCSP 620 and 621 for students without recent coursework in accounting or economics. An investigation of financial management theory and applications in business, government, and not-for-profit organizations. Basic accounting concepts and their use in financial statement analysis are discussed. Discounted cash flow and rate-of-return analysis are used to evaluate projects. Break-even analysis is employed to measure the impact of changes in volume and costs. An introduction to scenario analysis, short- and long-term financial management, international finance, and operating budgets and their preparation is provided.
FIN 615 Financial Management of Current Operations (3) (Formerly ADMN 632)
Prerequisite: FIN 610. A study of the financial management of ongoing operations in organizations. The effects of various credit, inventory, accounts payable, and working capital policies on an organization are examined, as are alternative approaches for meeting short-term cash needs and working capital management. Also covered are short-term investment management and managing interest rate risk. The use of e-commerce applications to manage these functions is illustrated.
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 the 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 are analyzed, including term loans, debt and equity securities, and leasing. Alternate policies with regard 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 primary model employed as a learning tool are the discounted cash flow model. The financial drivers of value are covered, 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 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. Major 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 additional issues 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 620 and FIN 630. An integrative study of financial management through readings, discussion, applied problems, and case studies. Topics reflect the changing environment around and 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.