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.

Tax Factors in Business Decisions

This course introduces the fundamentals of taxation and the impact of tax considerations on such things as firm valuation, operational decision making, mergers and acquisitions, and financial planning. Students will learn to recognize opportunities and risks related to tax impacts and how to evaluate alternative scenarios. The emphasis will be on analyzing business problems rather than the nuances of any particular tax codes.

Internal Consulting & Control

Financial institutions formulate their financing and investment strategies in the capital market based on their understanding of the overall external economic environment. However, efficient and effective financial decision-making requires the analysis and utilization of internal data, in order to manage and control the operational process. This also involves formulating a quality control structure internally to ensure that the process, decisions, and outcome comply with the rules and regulations and best practice in internal risk management and audit.

Regulatory Environment

Legal developments shape both the conduct of business practices and tools for business success. Financial professionals who understand the legal environment of business are equipped to avoid potentially costly mistakes while taking advantage of the protections that the law affords. The course will address such topics as the origin of laws, the regulation of markets, the nature of contracts, concepts of liabilities, and forms of dispute resolution, with a special focus on rules and regulations impacting financial professionals.

Forensic Accounting & Financial Investigations

This course covers topics associated with modern forensic and investigative accounting. The topics we will examine include contemporary accounting issues that have been the subject of dispute. There will be exposure to fundamental legal concepts with regard to expert witness services and to documentation requirements and exhibit preparation in conformity with legal procedures.

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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