The main objectives of the financial manager are to plan for, acquire, and use funds in an efficient manner in order to maximize the value of the firm. This course introduces the discounted cash flow model, modern portfolio theory, the capital asset pricing model, and the static theory of capital structure. Major topics covered include decision-making under uncertainty, cost of capital and valuation, history of capital markets, and financial analysis. Students are introduced to computerized financial spreadsheets, case studies, and contemporary financial issues.
Prerequisites: BUS 243 Cost Accounting, ECON 100 Introduction to Economics, and one of the following: ECON 290 Statistical Analysis for Economics and Business, MATH 111 Introduction to Applied Statistics, or PSYC 211 Statistical Methods (ECON 290 recommended.)