Financial Accounting

This course is an accelerated introduction to the concepts and practices of accounting for finance professionals. It revolves around the dissection and comprehension of financial statements. The goal is to provide students with the necessary accounting foundation for subsequent finance courses, and to establish the necessary tools for an eventual estimation of price and risk. The course will begin by focusing on the development of a methodological framework and an integrated understanding of financial statements with an eye toward how distilling accounting information into economic information is useful for economic decision-making. Students will be exposed to financial statements and their relationships, the differences between financial and operating assets and liabilities, profitability and efficiency metrics, and various measures of cash flow. The general taxonomy employed will be applicable to the US and international financial markets.

Financial Management

This course is designed to develop the financial skills and logical thought processes necessary to understand and discuss financial policy decisions in a global economy. Specific objectives include developing an understanding of the time value of money, using financial statements in decision-making, understanding the nature of financial markets, the cost of capital, valuation of stocks and bonds, management of short-term assets, short-term and long-term financing, lease financing, capital markets, multinational financial management, and special topics in financial management. The course also addresses the impact of legal, social, technological, and ethical considerations on efficient economic outcomes.

Managerial Accounting

One of the most important jobs of financial managers is to produce information that is used for managerial decision-making and the operational control of business organizations. This course covers the way this information is gathered, analyzed and reported. It addresses the behavior of costs and systems used to analyze costs, planning and budgeting systems, and performance measurement and analysis.

Modeling and Analytics

Modeling and Analytics is a rapidly growing field which requires an understanding of statistics/econometrics as well as an understanding of the unique nature of trading and investment. This course will provide students with applications and motivations for model-building in the world of modern finance. The course content is similar to that of a statistics course and will also be backed up by on-the-spot practical demonstration on an econometrics software package. Hence the material should be accessible for both students with strong quantitative backgrounds and those who do not have this background but are willing to put additional effort into the class material. This course will also focus on other research methods specifically aligned to corporate finance.

Corporate Finance

This course builds on the topics covered in Financial Management, and continues to engage students in the management of the flow of funds available to an organization. In a market economy it is often viewed as the integrating discipline of management, moderating the flow of capital and risks and rewards between savers and users of capital. A primary objective of financial management in the United States is to create and preserve shareholder value or wealth. Clearly that objective does not hold in many parts of the world. While it is the objective articulated in the course text, it will be questioned from time to time, as other interests are considered. Through case discussions and the supplemental readings in the text, this course will help you to develop the knowledge, skills, critical thinking ability, and behaviors required of any manager, not only those specializing in finance. Although the main focus of this course is on profit-seeking firms, much of what is learned has applicability for organizations in the not-for-profit and governmental sectors as well.

Portfolio Management

The purpose of this course is to utilize a variety of approaches to portfolio management while developing the student’s critical, analytical, and integrative skills relative to problem solving. The course is presented primarily from the viewpoints of investment advisors and portfolio managers. Students will learn how to effectively manage a variety of portfolios no matter the market conditions. Decision making skills are developed to determine ideal portfolio mix and policy matched to objectives, asset allocation, and appropriate risk/reward investment strategies. Students will build a portfolio for individual and institutional investors as well as an investment fund, all while utilizing real-world data within a simulation.

Investments

In this course students will develop analytical skills pertaining to theory and practical application of investments—all relative to economic cycles and risk/return opportunities. The course is presented from the investor’s perspective employing a variety of investment trading strategies. Using a combination of lectures, discussion, assignments and simulated activity students will obtain a working knowledge of this important topic.

International Financial Reporting

The course will be an introduction to the international landscape of accounting and emerging international accounting standards. It will address the structure, operation, and impact of the International Accounting Standards Board and review the nature and use of the International Financial Reporting Standards. Differences between GAP and IFRS will be highlighted and explored. Attention will be given to the IASB roadmap and the potential for convergence and/or divergence around the globe.

Masters in Finance course descriptions

Core courses form the backbone of your Masters in Finance curriculum. You will study them throughout modules A – C. The classes have been carefully designed and sequenced to build broad exposure to key aspects of finance—from international accounting, to managerial economics, to corporate finance.

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