Introduction to Personal Financial Planning
Financial goal setting, evaluating the financial implications of goals, preparation and analysis of personal financial statements, understanding personal credit and debt; emphasis on mortgage borrowing, investment alternatives for individuals and families, personal taxes, basic insurance products desired for family protection, financial planning in retirement, and estate planning.
Lectures, case discussion, 3 hours per week.
Restriction: not open to BAcc, BBA, BBE, BCB and combined Business majors.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in FNCE 2P95.
Introduction to Finance
Criteria used in making investment decisions, risk concepts and the valuation of assets, a financial analysis, forecasting and leverage, the theory of interest, valuation and capital budgeting.
Lectures, discussion, 3 hours per week.
Restriction: not open to BAcc, BBA, BBE, BCB and combined Business majors.
Completion of this course will replace previous assigned grade in FNCE 2P91.
Corporate Finance I
Finance function in the private and public sectors. Techniques of financial analysis. Investment in current assets, capital budgeting, valuation, risk and return.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors. In Fall Term open to BAcc, BAcc Co-op and BBA Co-op majors until date specified in BIRT guide.
Prerequisites: ACTG 1P11 or 1P91; ECON 1P91 and 1P92; MATH 1P01 or 1P98.
Note: enrolment limited to 40 students per section.
Completion of this course will replace previous assigned grade in FNCE 2P51.
Corporate Finance II
Cost of capital, capital structure and dividend policy. Analysis of long and short term financing decisions. Introduction to options and futures, mergers and acquisitions.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Winter Term open to BAcc, BAcc Co-op and BBA Co-op majors until date specified in the BIRT guide.
Prerequisite: FNCE 2P91.
Note: enrolment limited to 40 students per section.
Completion of this course will replace previous assigned grade in FNCE 2P52.
Personal Financial Planning
Tools and techniques of developing comprehensive personal financial plans. Topics include financial analysis of client goals, assessing wealth and the capacity to accomplish goals, debt management strategies, personal portfolio management, tax management strategies, risk management and insurance, financial strategies in retirement, and estate planning emphasizing wills, trusts and estate freezing.
Lectures, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P93 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Completion of this course will replace previous assigned grade in FNCE 2P95.
Financial Theory
Theoretical foundations of finance and their implications for the financial decision making of both individuals and corporations. Decisions involving the valuation of fixed assets and marketable securities under conditions of certainty and uncertainty and in the context of perfect and imperfect capital markets.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration, general management concentration, international business concentration and BBE financial economics option students, until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P93 (minimum 60 percent) or permission of the instructor.
Note: enrolment limited to 40 students per section.
Corporate Financial Policy
Students are provided with an opportunity through case discussions to develop and apply their understanding of the material in FNCE 2P91 and 3P93 to situations encountered in a variety of business decision settings.
Seminar, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96 or permission of the instructor.
Note: enrolment limited to 30 students per section.
Financial Analysis
(also offered as ACTG 4P03)
Importance and use of financial statement information in areas such as analysis of credit, equity investment, industry and competitors, analysis of mergers and acquisitions and the firm's strategy in communicating information to capital markets.
Lectures, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration, BAcc and BBE financial economics option students until date specified in BIRT guide. After that date, open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P93 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Investment Analysis and Portfolio Management
Synthesis of theoretical finance and the art of investing in Canada. Theoretical and practical valuation models for individual securities are reviewed within a framework of market efficiency, portfolio theory and capital market theory. Portfolio construction timing and performance evaluation are included.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96 or permission of the instructor.
Note: enrolment limited to 40 students per section.
International Finance
Overview of the international financial environment, the theoretical and practical aspects of the various international financial markets, and the impact of the international environment on the financial decision making of the individual and the firm.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration, international business concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96, or FNCE 3P93 and MGMT 3P98 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Management of Financial Institutions
Organizational structure and operating practices; self-regulation, government and international regulation of financial institutions; managerial aspects associated with savings, credit liquidity, assets, liabilities and capital problems, financial planning, strategy formulation and performance evaluation. Growth of financial services on a global basis.
Lectures, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Portfolio Management
Utility theory and stochastic dominance, the efficient formation of portfolios in mean/variance framework under various assumptions, application of asset pricing models to portfolio management, the evaluation of portfolio performance and current topics in portfolio management. Students will employ computer software in the management of stock and fixed income portfolios.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA and BBA Co-op students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisites: FNCE 3P96 and 4P04 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Personal Financial Strategies
Advanced personal wealth management, sophisticated tax management strategies, advanced estate management including bestowing gifts through trusts and estate freezing, the use of insurance products for tax planning and business succession management, the legal and ethical considerations in personal financial planning.
Lectures, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Derivatives I
Introduction to options and futures markets. Pricing principles and theory of these derivative securities as they apply to various trading and hedging strategies.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96.
Note: enrolment limited to 40 students per section.
Fixed Income Securities
Analysis of the bond markets concentrating on fixed income and fixed income derivatives markets. Risks and returns associated with investments in the markets, and on how these instruments can be optimally allocated to yield successful portfolio performance.
Lectures, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P96.
Note: enrolment limited to 40 students per section.
Research Topic
Directed intensive study or research under the supervision of a faculty member in an area in which the student has shown particular competence.
Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors with a minimum of 13.5 overall credits and permission of the Chair and supervising faculty.
Note: to be chosen in consultation with the supervising faculty member.
Topics in Finance
Courses in specialized areas within the discipline.
Restriction: open to BAcc, BBA, BBE and combined Business majors.