Finance 3 Credit Equivalent

Apply financial principles and tools such as time value of money, risk and return trade-off, bond and stock valuations, financial statements, and capital budgeting to arrive at corporate financial decisions.

Projects

Number Title Description Credit Equivalent
FIN 300 Capital Budgeting Techniques

In this project, students will prepare a report for a fictional business that includes an executive summary with several mathematical computations. Students will analyze a simplified project income statement and compute the project’s after-tax cash flow. They will also compute and interpret the business’s proposed project’s net present value (NPV), internal rate of return (IRR), and profitability index. Students will then determine whether or not the proposal should be accepted. Lastly, students will analyze the minimum required rate of return.

Required text: None.

  • Differentiate between different capital budgeting techniques and decision criteria based on them.
  • Evaluate potential sources of capital using cost of capital concepts.

Prerequisites:

  • FACT 205: Financial Accounting: Ethics and Internal Controls

    FACT 205: Financial Accounting: Ethics and Internal Controls

    In a perfect world, there would be no need for internal accounting controls or discussions about ethics. With the state of the world today, these are very important topics that all business students need to understand. Failures of internal controls and unethical behavior are frequently stories in the business news. In this project, students will learn how these situations might have been avoided. Internal controls have two primary purposes. They should help ensure that accounting systems operate as they are designed to operate. This means that established procedures are followed and any exceptions are noted and properly authorized. Following standardized procedures results in efficient operations and accurate accounting information. The second purpose is to safeguard assets from misappropriation by theft or fraud. A strong system of internal controls denies the opportunity to steal from an organization. Students will learn how to review an organization’s system of internal controls, identify shortcomings, and recommend improvements. Students will also learn about ethics in business and in accounting specifically and then develop a framework for analyzing ethical dilemmas as they work through several scenarios.

    Required text: Wild, John J. Financial Accounting: Information for Decisions, 5th Edition. ISBN: 978-0073527017

    • Evaluate ethical considerations in an organization’s financial reporting environment.
    • Apply internal control activities to reduce opportunities for fraud in the accounting process and ensure compliance with stated operational procedures.
  • BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    In this project, students will be provided with several different business scenarios such as choosing the most cost-effective cell phone plans, analyzing the revenue of a sports team based on stadium capacity and ticket sales, and comparing job offers from multiple companies. For each scenario, students need to decide how to model them using algebraic methods, identify the best method to solve the algebraic models, and apply appropriate solution methods to solve the business problems. As part of this project, students are expected to use algebraic models based on systems of equations and matrices.

    Required text: Stadler, S. and P. Martin. Developmental & intermediate algebra combined text. (Materials provided with project.)

    • Apply algebraic and geometric methods to model and solve business problems using systems of equations.
1
FIN 305 Stock Market Performance

In this project, students will prepare a report on the performance of the stock market that addresses several key issues. Students will analyze three indexes that track the performance of the stock market: the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ composite index. Students will review how well they track in order to analyze stock market performance over a specific day and the last five years. Students will be responsible for identifying which index has been most volatile over the last five years, which index has posted the greatest gains, and which has been the least volatile. Students will then identify which index has performed the best that day and which has been the most volatile. Lastly, students will explain how diversification applies to the above scenarios.

Required text: None.

  • Differentiate between various capital budgeting techniques and decision criteria based on them.
  • Articulate the concept of diversification, different risk measures, and the relationship between risk and return.

Prerequisites:

  • BEI 105: Microeconomic Market Analysis II

    BEI 105: Microeconomic Market Analysis II

    In this project, students will identify a microeconomic issue or a problem that challenges them to do an in-depth analysis of a market/industry. Focus Project #2 has five parts: proposal, survey design, first draft, final draft, and presentation video. Students will identify industry and market characteristics as well as key economic actors (firms, government regulations, and competition). The economic arguments of the stakeholders (firms, consumers, and the government) will be provided. Survey design will teach students how to design an online survey to gather public input about the topic. This is an important step as the survey results provide them with real-life data and an empirical foundation while literature review and other theoretical economic models provide them with a theoretical foundation. In an ideal project report, both theoretical and empirical foundations are needed to ground the ideas. In their policy recommendations, students will be expected to provide a comprehensive list of supporting arguments and a possible list of unintended consequences.

    Required text: McEachern, W. A. Microeconomics: A contemporary introduction. 9th Edition (2012). Mason, OH: South-Western Cengage Learning. ISBN: 978-0538453714.

    • Analyze how demand and supply function in resource markets.
    • Analyze the impact of government regulations on business and consumers.
    • Analyze the consumer behavior and how it determines demand.
    • Analyze producer behavior and how it determines supply.
    • Analyze the effect of competition on market price, output, and consumer welfare.
  • BEII 105: Business Cycle Analysis

    BEII 105: Business Cycle Analysis

    The goal of this project is to encourage students to explore the differences and similarities between the causes of the two most recent U.S. economic recessions. Students will also evaluate the effectiveness of the monetary and fiscal policies (demand-side and supply-side) that were designed to combat each recession. Students will also recommend and explain specific fiscal and monetary policies that they would have personally preferred to see implemented. Finally, students will explain why the Great Depression was relatively worse than the Great Recession of 2007 to 2009.

    Required text: Saylor Academy. Principles of Macroeconomics. (2012). (Materials provided with project.)

    • Analyze the effectiveness of monetary and fiscal policies on the economy.
    • Explain how changes in aggregate supply and aggregate demand affect business cycles.
    • Illustrate the significant relationships between employment, unemployment, inflation, and output in the short and long term.
1
FIN 310 Business Financial Ratio Analysis

In this project, students select a firm of their choice and prepare an executive report. Within this report students demonstrate financial ratio analysis skills and mastery using financial calculators. Through their detailed analysis using financial calculators students will determine the valuation of the selected firm. Students will conduct a financial ratio analysis given a data set, which is an important step because this is what businesses must do regularly. Students will learn about the four different financial calculators. A sample exercise where students calculate their own personal finances will provide a clear understanding of the three different business valuations.

Required text: None.

  • Apply financial ratio analysis as a tool for business decision making.
  • Use financial calculators to analyze financial scenarios.
  • Describe methods for determining the valuation of a firm.

Prerequisites:

  • FIN 300: Capital Budgeting Techniques

    FIN 300: Capital Budgeting Techniques

    In this project, students will prepare a report for a fictional business that includes an executive summary with several mathematical computations. Students will analyze a simplified project income statement and compute the project’s after-tax cash flow. They will also compute and interpret the business’s proposed project’s net present value (NPV), internal rate of return (IRR), and profitability index. Students will then determine whether or not the proposal should be accepted. Lastly, students will analyze the minimum required rate of return.

    Required text: None.

    • Differentiate between different capital budgeting techniques and decision criteria based on them.
    • Evaluate potential sources of capital using cost of capital concepts.
  • FIN 305: Stock Market Performance

    FIN 305: Stock Market Performance

    In this project, students will prepare a report on the performance of the stock market that addresses several key issues. Students will analyze three indexes that track the performance of the stock market: the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ composite index. Students will review how well they track in order to analyze stock market performance over a specific day and the last five years. Students will be responsible for identifying which index has been most volatile over the last five years, which index has posted the greatest gains, and which has been the least volatile. Students will then identify which index has performed the best that day and which has been the most volatile. Lastly, students will explain how diversification applies to the above scenarios.

    Required text: None.

    • Differentiate between various capital budgeting techniques and decision criteria based on them.
    • Articulate the concept of diversification, different risk measures, and the relationship between risk and return.
1
Number
FIN 300
Title
Capital Budgeting Techniques
Description

In this project, students will prepare a report for a fictional business that includes an executive summary with several mathematical computations. Students will analyze a simplified project income statement and compute the project’s after-tax cash flow. They will also compute and interpret the business’s proposed project’s net present value (NPV), internal rate of return (IRR), and profitability index. Students will then determine whether or not the proposal should be accepted. Lastly, students will analyze the minimum required rate of return.

Required text: None.

  • Differentiate between different capital budgeting techniques and decision criteria based on them.
  • Evaluate potential sources of capital using cost of capital concepts.

Prerequisites:

  • FACT 205: Financial Accounting: Ethics and Internal Controls

    FACT 205: Financial Accounting: Ethics and Internal Controls

    In a perfect world, there would be no need for internal accounting controls or discussions about ethics. With the state of the world today, these are very important topics that all business students need to understand. Failures of internal controls and unethical behavior are frequently stories in the business news. In this project, students will learn how these situations might have been avoided. Internal controls have two primary purposes. They should help ensure that accounting systems operate as they are designed to operate. This means that established procedures are followed and any exceptions are noted and properly authorized. Following standardized procedures results in efficient operations and accurate accounting information. The second purpose is to safeguard assets from misappropriation by theft or fraud. A strong system of internal controls denies the opportunity to steal from an organization. Students will learn how to review an organization’s system of internal controls, identify shortcomings, and recommend improvements. Students will also learn about ethics in business and in accounting specifically and then develop a framework for analyzing ethical dilemmas as they work through several scenarios.

    Required text: Wild, John J. Financial Accounting: Information for Decisions, 5th Edition. ISBN: 978-0073527017

    • Evaluate ethical considerations in an organization’s financial reporting environment.
    • Apply internal control activities to reduce opportunities for fraud in the accounting process and ensure compliance with stated operational procedures.
  • BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    In this project, students will be provided with several different business scenarios such as choosing the most cost-effective cell phone plans, analyzing the revenue of a sports team based on stadium capacity and ticket sales, and comparing job offers from multiple companies. For each scenario, students need to decide how to model them using algebraic methods, identify the best method to solve the algebraic models, and apply appropriate solution methods to solve the business problems. As part of this project, students are expected to use algebraic models based on systems of equations and matrices.

    Required text: Stadler, S. and P. Martin. Developmental & intermediate algebra combined text. (Materials provided with project.)

    • Apply algebraic and geometric methods to model and solve business problems using systems of equations.
Credit Equivalent
1
Number
FIN 305
Title
Stock Market Performance
Description

In this project, students will prepare a report on the performance of the stock market that addresses several key issues. Students will analyze three indexes that track the performance of the stock market: the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ composite index. Students will review how well they track in order to analyze stock market performance over a specific day and the last five years. Students will be responsible for identifying which index has been most volatile over the last five years, which index has posted the greatest gains, and which has been the least volatile. Students will then identify which index has performed the best that day and which has been the most volatile. Lastly, students will explain how diversification applies to the above scenarios.

Required text: None.

  • Differentiate between various capital budgeting techniques and decision criteria based on them.
  • Articulate the concept of diversification, different risk measures, and the relationship between risk and return.

Prerequisites:

  • BEI 105: Microeconomic Market Analysis II

    BEI 105: Microeconomic Market Analysis II

    In this project, students will identify a microeconomic issue or a problem that challenges them to do an in-depth analysis of a market/industry. Focus Project #2 has five parts: proposal, survey design, first draft, final draft, and presentation video. Students will identify industry and market characteristics as well as key economic actors (firms, government regulations, and competition). The economic arguments of the stakeholders (firms, consumers, and the government) will be provided. Survey design will teach students how to design an online survey to gather public input about the topic. This is an important step as the survey results provide them with real-life data and an empirical foundation while literature review and other theoretical economic models provide them with a theoretical foundation. In an ideal project report, both theoretical and empirical foundations are needed to ground the ideas. In their policy recommendations, students will be expected to provide a comprehensive list of supporting arguments and a possible list of unintended consequences.

    Required text: McEachern, W. A. Microeconomics: A contemporary introduction. 9th Edition (2012). Mason, OH: South-Western Cengage Learning. ISBN: 978-0538453714.

    • Analyze how demand and supply function in resource markets.
    • Analyze the impact of government regulations on business and consumers.
    • Analyze the consumer behavior and how it determines demand.
    • Analyze producer behavior and how it determines supply.
    • Analyze the effect of competition on market price, output, and consumer welfare.
  • BEII 105: Business Cycle Analysis

    BEII 105: Business Cycle Analysis

    The goal of this project is to encourage students to explore the differences and similarities between the causes of the two most recent U.S. economic recessions. Students will also evaluate the effectiveness of the monetary and fiscal policies (demand-side and supply-side) that were designed to combat each recession. Students will also recommend and explain specific fiscal and monetary policies that they would have personally preferred to see implemented. Finally, students will explain why the Great Depression was relatively worse than the Great Recession of 2007 to 2009.

    Required text: Saylor Academy. Principles of Macroeconomics. (2012). (Materials provided with project.)

    • Analyze the effectiveness of monetary and fiscal policies on the economy.
    • Explain how changes in aggregate supply and aggregate demand affect business cycles.
    • Illustrate the significant relationships between employment, unemployment, inflation, and output in the short and long term.
Credit Equivalent
1
Number
FIN 310
Title
Business Financial Ratio Analysis
Description

In this project, students select a firm of their choice and prepare an executive report. Within this report students demonstrate financial ratio analysis skills and mastery using financial calculators. Through their detailed analysis using financial calculators students will determine the valuation of the selected firm. Students will conduct a financial ratio analysis given a data set, which is an important step because this is what businesses must do regularly. Students will learn about the four different financial calculators. A sample exercise where students calculate their own personal finances will provide a clear understanding of the three different business valuations.

Required text: None.

  • Apply financial ratio analysis as a tool for business decision making.
  • Use financial calculators to analyze financial scenarios.
  • Describe methods for determining the valuation of a firm.

Prerequisites:

  • FIN 300: Capital Budgeting Techniques

    FIN 300: Capital Budgeting Techniques

    In this project, students will prepare a report for a fictional business that includes an executive summary with several mathematical computations. Students will analyze a simplified project income statement and compute the project’s after-tax cash flow. They will also compute and interpret the business’s proposed project’s net present value (NPV), internal rate of return (IRR), and profitability index. Students will then determine whether or not the proposal should be accepted. Lastly, students will analyze the minimum required rate of return.

    Required text: None.

    • Differentiate between different capital budgeting techniques and decision criteria based on them.
    • Evaluate potential sources of capital using cost of capital concepts.
  • FIN 305: Stock Market Performance

    FIN 305: Stock Market Performance

    In this project, students will prepare a report on the performance of the stock market that addresses several key issues. Students will analyze three indexes that track the performance of the stock market: the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ composite index. Students will review how well they track in order to analyze stock market performance over a specific day and the last five years. Students will be responsible for identifying which index has been most volatile over the last five years, which index has posted the greatest gains, and which has been the least volatile. Students will then identify which index has performed the best that day and which has been the most volatile. Lastly, students will explain how diversification applies to the above scenarios.

    Required text: None.

    • Differentiate between various capital budgeting techniques and decision criteria based on them.
    • Articulate the concept of diversification, different risk measures, and the relationship between risk and return.
Credit Equivalent
1