Students develop a basic understanding of business finance, which deals with how organizations effectively manage their operating and fixed assets and fund them with an optimal mix of debt and equity financing. Topics include the role of the financial manager; goals of the firm; financial statement analysis; time value of money; risk and return including beta and the capital asset pricing model; common and preferred share valuation; bond valuation and interest rates; capital budgeting; cost of capital; and optimal capital structure. Prerequisites: ACCT 2210 or equivalent (minimum C-), and CMNS 1290 or equivalent (minimum C-), and MATH 1070 or equivalent (minimum C-), and ECON 2320 or equivalent (minimum C-) Note: Students will only receive credit for one of FNCE 2120, FNCE 2121, FNCE 3120, BBUS 3120 or BBUS 3121
Students develop a basic understanding of business finance, which deals with how organizations effectively manage their operating and fixed assets and fund them with an optimal mix of debt and equity financing. Topics include the role of the financial manager; goals of the firm; financial statement analysis; time value of money; risk and return including beta and the capital asset pricing model; common and preferred share valuation; bond valuation and interest rates; capital budgeting; cost of capital; and optimal capital structure. Prerequisites: ACCT 2210 or equivalent (minimum C-), and CMNS 1290 or equivalent (minimum C-), and MATH 1070 or equivalent (minimum C-), and ECON 2320 or equivalent (minimum C-) Note: Students will only receive credit for one of FNCE 2120, FNCE 2121, FNCE 3120, BBUS 3120 or BBUS 3121
