Dhillon School of Business
Finance
Credit hours: 3.00
Contact hours per week: 3-0-0
This course introduces corporate financial decision-making and analysis, focusing on capital budgeting (e.g., net present value and internal rate of return), stock and bond valuation, and cost of capital. It also explores how diverse stakeholder interests and social responsibility can influence financial decision-making.
Prerequisite(s):One of Economics 1010 or Economics 1012 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
Corequisite(s):Accounting 2400
Recommended Background:
Economics 1010 AND
Economics 1012
Equivalent:Management 3040 (prior to 2021/2022)
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)
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):Accounting 2400 AND
Finance 3040 AND
Economics 1010 AND
Economics 1012 AND
One of Economics 2900 or Statistics 2780
Equivalent:Management 3412 (prior to 2021/2022)
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):Accounting 2400 AND
Finance 3040 AND
Economics 1010 AND
Statistics 1770
Equivalent:Management 3441 (prior to 2021/2022)
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):Accounting 2400 AND
Finance 3040 AND
Economics 1010 AND
Economics 1012 AND
Statistics 1770
Equivalent:Management 3460 (prior to 2021/2022)
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):Accounting 2400 AND
Finance 3040 AND
Economics 1010 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)
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.H.Sc./B.B.A. or B.H.Sc./B.Mgt. (prior to 2025/2026) combined degrees program]
Mutually Exclusive:
Finance 3481, Finance 3482 and Finance 3483
Recommended Background:
Finance 3040
Equivalent:Management 3480 (prior to 2021/2022)
Personal Finance I: Financial Planning Overview
Credit hours: 1.00
Other hours per term: 12-0-0
This course introduces foundational concepts for those interested in financial planning as a career opportunity, and for those wishing to learn how to manage their personal finances effectively. This course teaches financial planning processes to help achieve financial life goals. Mathematical calculations and processes involved in preparing financial plans for an individual or family unit are thoroughly covered. Objectives of this course include learning effective planning processes supported by time value of money calculations, taxation expense minimization strategies, family law structures and their implications for finances, advantages of registered plans and other government programs, and how to achieve a comfortable retirement.
Mutually Exclusive:
Finance 3480
Recommended Background:
Students should be comfortable with learning advanced time value of money math calculations.
Note:Finance 3481 (1 credit) and Finance 3482 (1 credit) and Finance 3483 (1 credit)] are “substantially similar” to Finance 3480 (3 credits). Students in the Finance major cannot count these courses for credit towards their program. Students majoring in Finance will be blocked from registering in these courses.
Personal Finance 1: Credit, Insurance, Estate Planning
Credit hours: 1.00
Other hours per term: 12-0-0
This course covers important concepts for those pursuing financial planning as a career opportunity, and for those wishing to learn how to manage their personal finances effectively. Topics covered in this course include time value of money, consumer credit, insurance, and estate planning. Objectives of this course are to learn about the various types of loan facilities, understanding credit and its uses, the cost of capital, business structures, protecting against financial disasters by optimizing insurance protection, and basic estate planning to look after family and loved ones in accordance with personal wishes.
Mutually Exclusive:
Finance 3480
Recommended Background:
Students should be comfortable with learning advanced time value of money math calculations.
Note:Finance 3481 (1 credit) and Finance 3482 (1 credit) and FINC 3483 (1 credit)] are “substantially similar” to Finance 3480 (3 credits). Students in the Finance major cannot count these courses for credit towards their program. Students majoring in Finance will be blocked from registering in these courses.
Personal Finance 1: Investing Fundamentals
Credit hours: 1.00
Other hours per term: 12-0-0
This course covers important concepts for those interested in financial planning as a career opportunity, and for those wishing to learn how to manage their personal finances effectively. This course teaches fundamentals of investing and introduces the major asset classes. Topics covered include investment basics, stocks, bonds, mutual funds, and exchange traded funds (ETFs). Objectives of this course include learning about financial markets, understanding analysis to support investment decisions, rewards and risks of equity investments, fixed income asset investing and its place in your portfolio, advantages of mutual funds and ETFs, effectively managing investment risk, and basic economic theory.
Mutually Exclusive:
Finance 3480
Recommended Background:
Students should be comfortable with learning advanced time value of money math calculations.
Note:Finance 3481 (1 credit) and Finance 3482 (1 credit) and Finance 3483 (1 credit)] are “substantially similar” to Finance 3480 (3 credits). Students in the Finance major cannot count these courses for credit towards their program. Students majoring in Finance will be blocked from registering in these courses.
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)
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)
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)
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)
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. This course will include service learning as a work integrated learning (WIL) component.
Prerequisite(s):Finance 3412 AND
Finance 3470
Equivalent:Management 4430 (prior to 2021/2022)
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)
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)
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).
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).
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