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FINANCE MAJOR
FINANCE MAJOR
ROBERT A. WALLACE, PH.D.Program Director
FACULTY: Assistant Professors: Robert Wallace, Ph.D.,
Charles Yang, Ph.D. Emeriti Faculty: Abdelrahman Aburachis.
COURSE DESCRIPTIONS:
FINC 201: Money, Banking and Financial Institutions
A survey of the nature of money, the functions of financial institutions; monetary theory and
policy and fiscal policy.
Prerequisites: BCOR 111, BCOR 112
3 credits
FINC 204: Financial Markets
An explanation of the relationship between financial institutions and the rest
of the economy, emphasizing the role that these institutions play in channeling
funds from savers to investors.
Prerequisites: BCOR 111, BCOR 112
3 credits
FINC 211: Personal Financial Management
A survey of the major financial options and decisions facing the family unit. Topics include
insurance, real estate, investments, and budgeting.
3 credits
FINC 220: Introduction to Risk Management and Insurance
The primary focus of this introductory course is on evaluating life, health, retirement,
property and liability exposures to loss and analyzing the methods for managing these risks.
Risk management and insurance techniques for dealing with potential losses to individuals
and organizations are emphasized.
3 credits
FINC 312: Financial Management II
The practical aspects of financial decision-making including computation of the
cost of capital, risk measurement, and capital budgeting under risk.
Prerequisite: BCOR 221, BCOR 311
3 credits
FINC 313: Investments
A general survey of the principles of investment policy, management, analysis,
and market decisions.
Prerequisites: BCOR 221, ECON 351, BCOR 311
3 credits
FINC 314: Portfolio Analysis
A study of the portfolio construction using statistical and theoretical
analysis.
Prerequisites: FINC 313, BCOR 221, ECON 211
3 credits
FINC 315: Financial Statement Analysis
A study of financial statements of business firms, calculation, interpretation
and use of ratios in business and economic evaluation.
Prerequisites: BCOR 202, BCOR 311, BCOR 221
3 credits
FINC 318: International Financial Management
The course integrates international financial management theories with domestic
finance. The course also discusses the mechanics of trading activities in
foreign exchange and money markets, and considers theories of the determination
of spot and forward exchange rates over time.
Prerequisites: BCOR 306 and BCOR 311
3 credits
FINC 325: Credit and Lending
A study of the importance of lending institutions in building a strong economy;
an examination of the function of a lending institution and an understanding of
the elements of credit policy and administration.
Prerequisite: BCOR 311
3 credits
FINC 327: Real Estate
Principles governing the use and disposition of real property.
3 credits
FINC 375: Organizational Internship
Selected students will be able to spend a period of time (50 hours per credit
hour) working as an Intern with a local organization. During this period the
student will maintain a journal, will meet regularly with a faculty member, and
with a supervisor to provide continuing evaluation of quality and progress of
the student’s work. At the conclusion of the experience the student will submit
a paper to the supervisor and faculty member and make an oral presentation.
Prerequisite: Junior who has permission of the department and the cooperating organization.
1-3 credits
FINC 380: Finance Co-Op
Qualified students who are accepted into the Co-Op work part-time in the
community with a local business or organization. During this time, the student
will periodically meet with a faculty mentor to discuss the student’s progress.
Prerequisite: Junior or Senior status.
3 credits
FINC 411: Advanced Financial Management
The purpose of this course is to bring together the new developments in
financial management in a framework which integrates theory and practice through
the application of new insights regarding the cost of capital, capital budgeting
decisions, dividend policies, mergers and acquisitions and new issues in
international finances.
Prerequisites: BCOR 111, BCOR 112, BCOR 311
3 credits
FINC 417: Derivative Securities and Corporate Risk Management
This course introduces the student to the concepts of hedging risk through the use of derivative
securities such as forward contracts, futures, options, and swaps. The operational characteristics,
economic purpose, and forecasting techniques that traders employ are studied.
3 credits
FINC 419: International Investments
The course reviews and presents an analysis of the major investment vehicles,
the instruments, the market as well as the concepts of techniques used to
analyze investments in a global context.
Prerequisites: BCOR 306 and 311
3 credits
FINC 423: Financial Models
The intent of the course is to integrate finance, accounting, statistics and
computer skills into activities frequently encountered in finance-related jobs.
This course requires the completion of an appropriate theory course, and a
familiarity with PC’s and spreadsheets.
Prerequisites: FINC 312, or competency in financial statements, budgets,
financial ratios, and capital budgeting, CIS 150.
3 credits
FINC 450: Retirement and Estate Planning
This is a comprehensive course consisting of two parts. First, the practical
knowledge needed for choosing the best retirement plan and designing a plan that
will meet a client’s needs from a tax and retirement standpoint is discussed, as
well as personal retirement planning and retirement distribution planning.
Retirement planning topics include qualified plans, nonqualified plans, the
IRAs, and retirement needs for individual clients. Second, various
aspects of estate and gift tax planning are examined, including the nature,
valuation, transfer, administration, and taxation of property. Particular
emphasis is given to a basic understanding of the estate and gift tax system,
including the strategies used in estate planning.
3 credits
FINC 499: Selected Topics in Finance
A comprehensive study of a specific topic or multiple special topics in finance.
1-3 credits
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Finance Curriculum
(Numerals in front of courses indicate credits)
| FRESHMAN | | SOPHOMORE |
| 3 | Prin of Microeconomics/BCOR 111 |
| 3 | Algebra for Bus Students/MATH 114 |
| 3 | Business Technology 1/CIS 150 |
| 3 | College Composition/LENG 111 |
| 3 | Sacred Scripture/LTHE 121 |
| 3 | Prin of Macroeconomics/BCOR 112 |
| 3 | Financial Accounting/BCOR 251 |
| 3 | Prin of Management/BCOR 251 |
| 3 | Critical Analysis & Comp/LENG 112 |
| 3 | Introduction to Philosophy/LPHI 131 |
| 30 | Credits |
|
|
| 3 | Managerial Accounting/BCOR 202 |
| 3 | Legal Environment of Business /BCOR 203 |
| 3 | Business Statistics/BCOR 221 |
| 3 | Business & Professional Communications/BCOR 231 |
| 3 | Managerial Econ/ECON 351 or Inter Micro/ECON 211 |
| 3 | Free Elective |
| 3 | Theology Series II/LTHE |
| 3 | Philosophy Series II/LPHI |
| 3 | Principles of Marketing/BCOR 241 |
| 3 | Calc for Bus Students |
| 33 | Credits |
|
| |
| JUNIOR | | SENIOR |
| 3 | Financial Mgmt I/BCOR 311 |
| 3 | Global Business/BCOR 306 |
| 3 | Money, Banking, & Financial Institutions/FINC 201 |
| 3 | Financial Markets/FINC 204 |
| 3 | Investments/FINC 313 |
| 3 | Financial Mgmt II/FINC 312 |
| 3 | LS Natural Science |
| 3 | Literature Series/LENG |
| 3 | Fine Art Series/LFIN |
| 3 | Theology or Phil Series III/LTHE or LPHI |
| 3 | Free Elective |
| 33 | Credits |
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| 3 | Business Policy/BCOR 480* |
| 3 | Experiential Learning/BCOR 450 |
| 9 | Cognates (Acct, Fin, Econ, Risk) |
| 18 | Free Electives |
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| 33 | Credits |
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* Fulfills LBST 383, Senior SeminarTHE NEXT STEP
Baccalaureate Degree program for Graduates of Two Year Colleges.
(Numerals
in front of course indicate credits)
| Pre- Senior Year | |
Senior Year |
| 3 | Business Statistics/BCOR 221 |
| 3 | Business & Prof Comm/BCOR 231 |
| 3 | Principles of Marketing/BCOR 241 |
| 3 | Financial Management/BCOR 311 |
| 3 | Sacred Scriptures/LTHE 121 |
| 3 | Introduction to Philosophy/LPHI 231 |
| 3 | Fine Art Series/LFIN |
| 3 | Calculus for Bus. Students/MATH 115 |
| 3 | Financial Markets/FINC 204 |
| 3 | Intermed Micro or Managerial Econ/ECON 211 or 351 |
| 3 | Free Elective |
| 33 | Credits |
|
|
| 3 | Global Business/BCOR 306 |
| 3 | Experimental Learning/BCOR 450 |
| 3 | Business Policy/BCOR 480* |
| 3 | Theology of Phil Series III/LTHE or LPHI |
| 3 | Literature Series/LENG |
| 3 | Financial Mgmt II/FINC 312 |
| 3 | Investments/FINC 313 |
| 3 | Money, Banking, & Financial Institutions/FINC 201 |
| 9 | Finance, Accounting, Economics, and/or Risk Mgmt Elective credits |
| | |
| 33 | Credits |
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*Fulfills Senior Seminar/LBST 383
Students will complete 66 credits at Gannon. Students will be required to take
other courses in substitution for any of the courses listed above which they
satisfactory complete prior to admission to the program. Students are required
to take 18 hours from Gannon's Core of Discovery program.
Prerequisites:
The above course requirements presume that the student has completed the
following courses (or their equivalent), typically found in an A.S. degree
program, prior to matriculation. If not, these become additional required
courses in the program.
Accounting (BCOR 201 & 202)
Business Technology (CIS 150)
Alegebra for Business Students (MATH 114)
Legal Env/Bus Law (BCOR 203)
Economics (BCOR 111 & 112)
Composition (LENG 111 & 112)
Management (BCOR 251)
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