Finance   (FINC)

Dhillon School of Business

Finance 3040

Finance

Credit hours: 3.00

Contact hours per week: 3-0-0

Corporate financial decision-making and analysis. Capital budgeting, including net present value and internal rate of return measures for project evaluation. Other topics including cost of capital and long-term financing.

Prerequisite(s):Economics 1010 AND
Accounting 2400 AND
One of Statistics 1770 or [Health Science 3450/Psychology 3450 and admission to the B.HSc/B.Mgt. Combined Degrees program]
OR
Admission to the Post-Bachelor Certificate in Advanced Accounting

Recommended Background:
Economics 1012

Equivalent:Management 3040 (prior to 2021/2022)

Note:Students admitted to the Undergraduate Diploma with a major in Finance may take Accounting 2400 as a corequisite with Finance 3040.

Finance 3406

Entrepreneurial Finance

Credit hours: 3.00

Contact hours per week: 3-0-0

This course examines the role financial management plays in the development and sustainability of small business through the use of financial theories, tools, and management techniques. There will be an emphasis on financial resources, resource allocation, risk, and optimization in value creation; within the context of growing a business through a continuous cycle of incremental improvements across a wide range of business activities. The course will utilize case studies, group work, and financial professionals who will provide scenarios for students who plan to own, operate, or provide professional services to a small business.

Recommended Background:
15 university-level courses (a minimum of 45.0 credit hours)

Equivalent:Management 3406 (prior to 2022/2023)

Finance 3412

Fundamentals of Investments

Credit hours: 3.00

Contact hours per week: 3-0-0

Risk and return analysis, investment alternatives, security analysis (technical and fundamental), efficient markets, diversification, sources of investment information, and basic theoretical models including the portfolio model, the capital asset pricing model and the arbitrage pricing model.

Prerequisite(s):Finance 3040 AND
Economics 1012 AND
One of Economics 2900 or Statistics 2780

Equivalent:Management 3412 (prior to 2021/2022)

Finance 3441

Financial Analysis

Credit hours: 3.00

Contact hours per week: 3-0-0

Use of fundamental methods and processes to assess and understand the historical financial condition of a firm; the assessment and understanding will be used to interpret the direction of the firm and estimate its future financial performance.

Prerequisite(s):Finance 3040

Equivalent:Management 3441 (prior to 2021/2022)

Finance 3460

Global Financial Management

Credit hours: 3.00

Contact hours per week: 3-0-0

A survey of international institutions and markets including: the International Monetary Fund, the World Bank, foreign exchange markets and Eurocurrency markets. The financial management of international business operations, such as: export financing, foreign exchange transactions, long-term and short-term financing and country risk analysis.

Prerequisite(s):Finance 3040 AND
Economics 1012

Equivalent:Management 3460 (prior to 2021/2022)

Finance 3470

Corporate Finance

Credit hours: 3.00

Contact hours per week: 3-0-0

Capital structure theory, dividend policy, introduction to risk and return, raising capital in debt and equity markets, short-term financial management, cost of capital computations, and mergers and acquisitions.

Prerequisite(s):Finance 3040 AND
Economics 1012
OR
Admission to the Post-Bachelor Certificate in Advanced Accounting

Corequisite(s):One of Economics 2900 or Statistics 2780
OR
Admission to the Post-Bachelor Certificate in Advanced Accounting

Equivalent:Management 3470 (prior to 2021/2022)

Finance 3475/Agricultural Enterprise Management 3475

Agricultural Finance and Markets

Credit hours: 3.00

Contact hours per week: 3-0-0

Financing and business performance of agricultural operations and markets. Credit analysis and requirements, loan pricing, farm grants, and the Canadian Agricultural Loans Act program. Organization and operating principles of agricultural commodity markets, including hedging strategies and risk management.

Prerequisite(s):One of Agricultural Enterprise Management 2600 or Finance 3040

Equivalent:Management 3475 (prior to 2021/2022);
Management 3850 (Agricultural Finance and Markets) (prior to 2018/2019)

Finance 3480

Personal Finance I

Credit hours: 3.00

Contact hours per week: 3-0-0

The study of personal financial management using cases and real life examples. Topics will include personal banking; life, disability and medical insurance; property and liability insurance; pensions and RRSPs; retirement planning; investments; mutual funds; wills and trusts; mortgage and loan concepts; financial planning and financial planners.

Prerequisite(s):Economics 1010 AND
Economics 1012 AND
Accounting 2400 AND
One of Statistics 1770 or [Health Science 3450/Psychology 3450 and admission to the B.HSc/B.Mgt. Combined Degrees program]

Equivalent:Management 3480 (prior to 2021/2022)

Finance 3490

FinTech

Credit hours: 3.00

Contact hours per week: 3-0-0

The purpose of this course is to provide students with an opportunity to explore how technological innovation is driving evolution in finance. Students will gain an appreciation for: how technology is transforming lending, personal finance, crowd-funding, business financing, payments and retail transactions, equity, trading and investment applications, the impact of technology on governance and regulation with the financial sector and examine cryptocurrencies and their impact on the finance industry and economy. It will provide an overview of innovation in finance and an introduction to FinTech, the main trends in FinTech and FinTech ecosystem and FinTech innovation. We will examine how innovation and technology in finance have changed personal finance, payments, lending, capital markets, wealth management, regulation compliance, insurance, and money transfer sectors.

Prerequisite(s):Second-year standing (a minimum of 30.0 credit hours)

Recommended Background:
Finance 3040 or a strong background in Math or Science

Equivalent:Management 3850 (Finance and Innovation) (prior to 2021/2022)

Finance 3600

Machine Learning in Business and Finance

Credit hours: 3.00

Contact hours per week: 3-0-0

Technology has undeniably changed how business, financial markets and institutions function. The purpose of this course is to provide students with an opportunity to explore how machine learning is driving evolution in business and finance. Students will gain an appreciation for unsupervised, supervised and reinforcement learning in business and finance. Students will gain an understanding of ML issues for society such as data privacy, biases, ethics, transparency and legal issues.

Prerequisite(s):Third-year standing (a minimum of 60.0 credit hours)

Equivalent:Finance 3850 (Machine Learning) (prior to 2022/2023)

Finance 3620

Blockchain Applications in Business

Credit hours: 3.00

Contact hours per week: 3-0-0

This course introduces students to blockchain concepts and tools developed and applied to business. Using case studies, practical problems, and a lucid presentation, the course focuses on planning, analyzing, and controlling business performance in a decentralized manner with horizontal structure. Students will learn to address structural changes in business organization, covering important topics such as decentralized autonomous organization, distributed ledger technology and consensus algorithms.

Prerequisite(s):Third-year standing (a minimum of 60.0 credit hours)

Equivalent:Management 3850 (Blockchain Application for Business) (prior to 2021/2022);
Management 3850 (Blockchain Application in Business) (prior to 2022/2023)

Finance 4421

Financial Institutions and Markets

Credit hours: 3.00

Contact hours per week: 3-0-0

The Canadian financial system governing capital flows between borrowers and lenders; financial institutions and other participants in the financial system; the financial markets.

Prerequisite(s):Finance 3470

Equivalent:Management 4421 (prior to 2021/2022)

Finance 4430

Financial Management

Credit hours: 3.00

Contact hours per week: 3-0-0

Financial management and decision-making in the corporate environment. Application of current theories and techniques. Extensive use of case discussions.

Prerequisite(s):Finance 3412 AND
Finance 3470

Equivalent:Management 4430 (prior to 2021/2022)

Finance 4451

Derivative Securities Markets

Credit hours: 3.00

Contact hours per week: 3-0-0

Derivative securities and their uses. Includes discussion of options, futures, swaps and their uses in risk management.

Prerequisite(s):Finance 3412 AND
Finance 3470

Equivalent:Management 4451 (prior to 2021/2022)

Finance 4460

Trading and Portfolio Management

Credit hours: 3.00

Contact hours per week: 3-0-0

This course first introduces students to interactive trading of financial instruments where students can learn the principles of price discovery. The second part of the course covers the topics of equity valuation, portfolio management, and portfolio evaluation. Through taking this course, students will develop practical skills in trading financial securities, conducting company analysis, managing investment portfolio, and evaluating portfolio performance.

Prerequisite(s):Finance 3412 AND
Finance 3470 AND
One of Economics 2900 or Statistics 2780

Equivalent:Management 4460 (prior to 2021/2022)

Finance 4470

Student Managed Investment Fund

Credit hours: 0.00

Contact hours per week: 1.5-1.5-0

Students are provided a unique opportunity to gain practical experience in investment analysis and portfolio management to prepare them for careers in the investment industry. Students will invest real money to generate real performance. The Student Managed Investment Fund is a two-part course offered over consecutive fall to winter terms, or winter to fall terms.

Prerequisite(s):One of Economics 2900 or Statistics 2780 AND
Finance 3412 with a minimum final grade of B AND
a minimum cumulative GPA of 3.30

Corequisite(s):Finance 3470

Recommended Background:
Past investment experience

Equivalent:Management 4470 (prior to 2021/2022)

Note:Finance 4470 and 4471 must be taken in sequence, in consecutive fall > winter or winter > fall terms, in order to receive full course credit. In the first term, students will register in Finance 4470, with 0.0 credit hours and 1.5 billing hours, and will be given an 'X' grade at the end of that term. In the following winter or fall term, students will register in Finance 4471, with 3.0 credit hours and 1.5 billing hours. At the end of the second term, students will be given a final letter grade for Finance 4471. Students will self-register in Finance 4470 and Finance 4471. Students who do not meet the Finance 4470 requirements relating to a minimum cumulative GPA of 3.30 and a minimum final grade of B in Finance 3412, will be reviewed by the Instructor on case-by-case basis (where registration in Finance 4470 will be allowed only when a prerequisite waiver is approved).

Finance 4471

Student Managed Investment Fund

Credit hours: 3.00

Contact hours per week: 1.5-1.5-0

Students are provided a unique opportunity to gain practical experience in investment analysis and portfolio management to prepare them for careers in the investment industry. Students will invest real money to generate real performance. The Student Managed Investment Fund is a two-part course offered over consecutive fall to winter terms, or winter to fall terms.

Prerequisite(s):Finance 4470

Recommended Background:
Past investment experience

Equivalent:Management 4471 (prior to 2021/2022)

Note:Finance 4470 and 4471 must be taken in sequence, in consecutive fall > winter or winter > fall terms, in order to receive full course credit. In the first term, students will register in Finance 4470, with 0.0 credit hours and 1.5 billing hours, and will be given an 'X' grade at the end of that term. In the following winter or fall term, students will register in Finance 4471, with 3.0 credit hours and 1.5 billing hours. At the end of the second term, students will be given a final letter grade for Finance 4471. Students will self-register in Finance 4470 and Finance 4471. Students who do not meet the Finance 4470 requirements relating to a minimum cumulative GPA of 3.30 and a minimum final grade of B in Finance 3412, will be reviewed by the Instructor on case-by-case basis (where registration in Finance 4470 will be allowed only when a prerequisites waiver is approved).

Finance 4480

Personal Finance II

Credit hours: 3.00

Contact hours per week: 3-0-0

Personal financial planning is a major growth industry with very rewarding career opportunities. This course will help manage family finances more effectively. This course is in addition to FINC 3480 and ACCT 3151 that cover the required content leading towards FP Canada's Qualified Associate Financial Planner (QAFP) and Certified Financial Planner (CFP) designations. The varied topics presented within Personal Finance II include protection from unwanted communications / financial abuse, government benefit plans, economics, loan types, foreign pensions, and foundations of law. Also, Personal Finance II ties together the many concepts learned earlier and challenges the student to demonstrate mastery of their knowledge in a case study. A comprehensive financial plan will be written for a family demonstrating competency in a wide range of financial planning topics, including content from the prerequisite courses.

Prerequisite(s):Finance 3480 AND
Accounting 3151