Graduate Certificate in Finance
Coursework (6 Classes / 18 Credit Hours)
FINA 6305. Managerial Finance.
FINA 7310. Intermediate Managerial Finance.
FINA 7320. International Financial Markets.
FINA 7322. Investments.
FINA 7327. Corporate Valuation.
FINA 7350. Derivatives.
Finance Course Descriptions
FINA 6305: Managerial Finance
This course focuses on risk-return analyses that managers use to maximize firm value.
Topics include time value of money (review), valuation of financial instruments, capital
budgeting, cost of capital and capital structure, working capital management, and
dividend policy. Prerequisites: ACCT 5323 or ACCT 6300, BUAD 6300, and ECON 5F70.
FINA 7310: Intermediate Managerial Finance
Builds on Managerial Finance and presents additional concepts and models for financial
decision making. Topics covered include capital budgeting, lease financing, working
capital management, mergers and acquisitions, risk management, capital structure theory,
dividend policy, and multinational financial management. Prerequisite: FINA 6305.
FINA 7320: International Financial Markets
Policies and practices required to manage foreign exchange risk, finance international
trade, and meet working capital and investment needs of multinational companies. Prerequisite:
FINA 7322: Investments
A thorough overview of investments, providing students with knowledge of basic types
of securities (bond, stock, foreign exchanges and derivatives) and how the markets
for these securities operate. The principles of finance, including arbitrage, market
efficiency, asset pricing models and portfolio theory. Specific topics include risk-return
and mean-variance efficient frontiers, diversification and pricing of risk, security,
pricing, etc. Students apply skills in modern investment pricing techniques, including
the pricing of fixed-income securities, equities, foreign exchange and derivatives.
Principles of portfolio selection and management and risk control will also be covered
in relevant topics. Finally, the course looks at how banks and other financial institutions
make money by bringing issuers and investors together. Prerequisites: ACCT 5325 &
FINA 7327: Corporate Valuation
Theoretical and applied understanding of key methods and tools used in valuing companies
in order to evaluate mergers and acquisitions, new projects or make strategic decisions.
Analysis of the factors that drive corporate value will be emphasized. Builds upon
the concepts covered in FINA 6305 Managerial Finance and FINA 7310 Intermediate Managerial
Finance. Prerequisite: FINA 7310.
FINA 7350: Derivatives
Development of an understanding of financial derivative instruments (forwards, futures,
options and swaps) and their applications to investment strategy and risk management.
Throughout the course, we cover material in the contracts, hedging, arbitrage, pricing
and risk management of financial derivative instruments. Derivatives pricing models
such as Binomial Tree Model and BSM Model are discussed in detail. Students learn
how to apply futures strategies for long and short hedge and how to apply option strategies
such as covered calls, spreads and butterflies and options Greeks for financial engineering
and risk management purpose. Students will also use options and futures contracts
for tactical portfolio strategies purpose. Relevant topics such as securitization
and real options are covered. Prerequisite: FINA 7322.