Florida State University General Bulletin 1998-1999

FSU Homepage Office of the Registrar On-Line Registration 1997-1999 Graduate Bulletin Table of Contents

Academic Departments and Programs (course descriptions)


Department of FINANCE

COLLEGE OF BUSINESS

Chair: Donald A. Nast;
Professors: Ang, Braswell, Brown, Celec, Clark, Coats, Humphrey, Nosari, Osteryoung, D. Peterson, P. Peterson, Turner;
Associate Professors: Benesh, Christiansen, Nast, Perfect, Scott;
Fannie Wilson Smith Eminent Scholar in Banking: Humphrey;
Barnett Bank Eminent Scholar in Finance: Ang;
Sun Bank/Tallahassee Professor: Nast

Finance is considered one of the basic functions of our private enterprise system. Finance can be defined as the art and science of managing money. Each of the many firms, businesses, institutions, and governmental agencies in our economic system has the problems of obtaining, administering, and managing its funds efficiently and wisely. Nearly every decision made by an organization has important financial implications. Thus, the finance student is introduced to and studies the theory, concepts, applications, institutional environment, and analytical tools essential for proper decision making. Finance is designed as preparation for a broad variety of careers since all organizations need individuals knowledgeable about finance. Careers may be in financial management and analysis, banking, financial institutions, financial markets, investments, portfolio analysis and management, financial planning, and multinational finance. Finance is also considered good preparation for graduate study in law or business.

State of Florida Common Course Prerequisites

The State of Florida has identified common course prerequisities for this University degree program. Specific prerequisities are required for admission into the upperdivision program and must be completed by the student at either a community college or a state university prior to being admitted to this program. Students may be admitted into the University without completing the prerequisities, but may not be admitted into the program.

The following lists the common prerequisites or their substitutions necessary for admission into this upperdivision degree program:

  1. ACG X021 or ACG X001 and ACG X011;
  2. ACG X071;
  3. CGS X100;
  4. ECO X013;
  5. ECO X023;
  6. MAC X233 or MAC X230;
  7. STA X023 or QMB X100 (students at Florida State University may subsitute STA X014).

Requirements

Program

Candidates for the bachelor of science (BS) or bachelor of arts (BA) degree with a major in finance must complete a minimum of one hundred twenty (120) semester hours. Normally, four semesters of work are devoted to the Liberal Studies Program and additional foundation courses in mathematics, economics, statistics, and behavioral science. The finance major must complete the business common body of knowledge, which includes work in accounting, quantitative methods, management, business law, marketing, computer science, risk and insurance, and basic finance. The finance major requirements consist of an additional eighteen (18) semester hours of work in advanced finance and accounting courses.

Courses Required in the Major

  1. FIN 4424, 4504; and two additional finance electives chosen from FIN 4324, 4329, 4453, 4514, 4604, 4934r, and REE 4204. The finance electives should be selected in consultation with a finance major adviser;
  2. Two additional courses in accounting: ACG 3331 Cost Accounting and Analysis for Business Decisions, and ACG 3171 Analysis of Financial Statement Presentations. The two-course sequence in financial accounting-ACG 3101 and 3111-may be substituted for ACG 3171. The two-course sequence in cost accounting-ACG 3341 and ACG 3351-may be substituted for ACG 3331;
  3. A minimum grade of C- must be earned in FIN 4424, 4504, and the two additional finance electives selected for the finance major. A minimum grade point average (GPA) of 2.0 must be earned for all courses required or selected to meet the requirements of the finance major.

Honors in the Major

The Department of Finance offers honors in the major to encourage talented students to undertake independent and original research as part of the undergraduate experience. For requirements and other information see the University Honors Program and Honor Societies section of this General Bulletin.

Definition of Prefixes

ECP - Economic Problems and Policy

FIN - Finance

GEB - General Business

MAN - Management

QMB - Quantitative Methods in Business

Undergraduate Courses

FIN 3100.Personal Finance (3). A study of the concepts and processes in planning, analyzing, and controlling personal financial resources. Emphasizes financial planning, cash and credit management, managing expenditures, income and asset protection, investment planning, and retirement and estate planning. For nonbusiness majors only. Credit not allowed for business majors.

FIN 3244. Financial Markets, Institutions, and International Finance Systems (3). Prerequisites: ACG 2021; ECO 2013. Study of the money and capital markets, financial institutions, financial systems, and financial environment including international finance. Emphasizes the microfinancial decision-making process of the business firm.

FIN 3403. Financial Management of the Firm (3). Prerequisites: ACG 2021; ECO 2023. Examination of the basic concepts involved in the investment, financing, and dividend decisions of the business firm. Managerial orientation with emphasis on identification, analysis, and solution of financial problems confronting the firm.

Business Majors Only

FIN 4324. Commercial Bank Administration (3). Prerequisites: FIN 3403, 3244. A study of the operations and administration of commercial banks and their role in the money and capital markets. Examines banking regulation, the lending function, investments, and the financial decision-making process.

FIN 4329.Current Issues in Banking (3). Prerequisites: FIN 3244, 3403. An examination of current and topical issues in banking that are important for policy formation and the future of the banking industry.

FIN 4424. Problems in Financial Management (3). Prerequisites: FIN 3244, 3403. An advanced study of financial management that relates the underlying principles of finance to the decision-making perspective of the financial manager. Selected topics include cash budgeting, working capital management, capital budgeting, risk analysis, valuation, long- and short-term financing, dividend decision, and financial forecasting. Case analyses are included.

FIN 4453. Financial Modeling and Forecasting (3). Prerequisites: QMB 3200; FIN 3403. An introduction to financial modeling and forecasting. Emphasis is on computer models and forecasting financial variables.

FIN 4504. Investments (3). Prerequisites: FIN 3403, 3244; STA 3014. An introduction to investment/security analysis. Includes an examination of investment instruments, the investment environment, the concept of risk-return, and the interactive forces between the economy, industries, and individual firms.

FIN 4514. Security Analysis and Portfolio Management (3). Prerequisite: FIN 4504. An advanced and comprehensive coverage of investment topics including bond analysis, stock options, commodities, interest rate futures, options on futures contracts, portfolio analysis and management, and security market efficiency.

FIN 4604. Multinational Financial Management (3). Prerequisites: FIN 3403, 3244. Introduces the environment of international capital and foreign exchange markets and examines the effects of the international business environment on risk, capital budgeting, working capital management, and capital structure decisions of the firm.

FIN 4905r. Directed Individual Study (1-3). This course permits study or exploration into a specialized topic of finance that is not included in one of the other finance courses. It also permits advanced and extensive study of finance topics beyond that included in the other finance courses. The study is conducted with the direct supervision of an individual faculty member. This course may not be used as one of the two required finance electives detailed in the major requirements. May be repeated to a maximum of five (5) times with the requirement that the topic changes each time. Consent of the department chairperson is required.

FIN 4934r. Senior Seminar in Finance (3). Prerequisites: FIN 3403, 3244. May be repeated to a maximum of nine (9) semester hours as topics vary. Additional prerequisites may be required depending on the topic.

FIN 4970r.Honors Thesis (3). Prerequisite: Admission to the honors program. May be repeated to a maximum of six (6) semester hours. Six (6) semester hours of thesis are required to complete honors in the major.

Graduate Courses

ECP 5705. Economic Concepts for Business Decisions (3).

ECP 5706. Economic Analysis for Management (3).

FIN 5314. Administration of Financial Institutions (3).

FIN 5405. Introduction to Financial Management (3).

FIN 5445. Problems in Financial Management (3).

FIN 5515. Investment Management and Analysis (3).

FIN 5605. Multinational Financial Management (3).

FIN 5906r. Directed Individual Study (1-3). (S/U grade only.)

FIN 5907r. Special Studies in Management (1-3).

FIN 5917r. Supervised Research (1-3). (S/U grade only.)

FIN 5935r. Seminar on Current Topics in Finance (3).

FIN 5946r. Supervised Teaching (1-3). (S/U grade only.)

FIN 6449. Seminar in Finance (1-3).

FIN 6527. Seminar in Finance (1-3).

FIN 6709. Seminar in Finance (1-3).

FIN 6808. Foundations of Financial Theory (3).

FIN 6842. Research Methods in Finance (3).

FIN 6917r. Supervised Research (1-3). (S/U grade only.)

FIN 6946r. Supervised Teaching (1-3). (S/U grade only.)

GEB 5446. The Business Context (3).

MAN 5716. Business Conditions Analysis (3).

For listings relating to graduate course work for thesis, dissertation, and masters and doctoral examinations and defense, consult the Graduate Bulletin.

 

FINANCE: see also Multinational Business Operations

FOOD SCIENCE: see Nutrition, Food, and Movement Sciences

FOOD SERVICE SYSTEMS: see Hospitality Administration; Nutrition, Food, and Movement Sciences

FOUNDATIONS OF EDUCATION: see Educational Foundations and Policy Studies

FRENCH: see Modern Languages and Linguistics

GENETICS: see Biological Science