FINANCE (FINN)
Wayne Y. Lee, Department Chair and Alice Walton Chair in Finance
302 B.A. Building, 575-4505
ARKANSAS BANKERS ASSOCIATION CHAIR OF BANKING AND THE BELLAMY CHAIR OF BANKING AND FINANCE AND PROFESSOR OF FINANCE DOMINICK; DILLARD CHAIR OF CORPORATE FINANCE PROFESSOR MILLAR; NORRIS LECTURER PROFESSOR LIU; PROFESSORS HARDIN, KENNEDY, LYNCH; ASSOCIATE PROFESSORS HEARTH, PERRY, RIMBEY; ASSISTANT PROFESSOR CARTER; INSTRUCTORS DRIVER, RISK
The curriculum in the Department of Finance is designed to give the student an understanding of (1) the economic process involved in capital formation and (2) the theory and practice of financial decision-making to manage new and existing capital to achieve real economic growth and development.
The student's studies provide: (1) a knowledge of the financial structure of the U.S. economy; (2) an understanding of the principles of monetary theory and practice; (3) an understanding of the investment management principles used in operating the major financial institutions and pension funds; and (4) an understanding of the principles underlying the finance function in industrial and commercial firms.
The knowledge acquired from the finance curriculum prepares the student for many career opportunities in financial management and investments, in manufacturing, wholesale and retail firms, commercial banking, real estate firms, insurance companies, and other enterprises. In addition, this knowledge will be of substantial assistance in the management of personal investments and other financial affairs.
The Department of Finance offers four concentrations within the finance major: Banking (Concentration I), Financial/Management (Concentration II), Insurance (Concentration III), and Real Estate (Concentration IV). The following requirements must be satisfied for each concentration.
FINANCE MAJOR REQUIREMENTS WITH CONCENTRATIONS
University Core Requirements
Additional General Education Requirements 28
MATH 2043, Survey of Calculus 3
COMM 1313, Fundamentals of Comm 3
ECON 2013, Prin. of Macroeconomics29 3
ECON 2023, Prin. of Microeconomics29 3
ECON 3000/4000 (Jr./Sr. level requirements 3
General Education Electives 13
Total General Education 63
College of Business Administration Core Requirements 3
| Courses Required in all Concentrations 18-22 FINN 3053, Fin Markets/Institutions 3 FINN 3063, Prin of Investments 3 FINN 4233, Fin Policy & Planning 3 |
| CONCENTRATION I: BANKING | CONCENTRATION III: INSURANCE |
| FINN 3133, Commercial Banking 3 FINN 4313, Adv Commercial Bank Mgmt 3 ACCT 3721L, Fin. Acct. Computer Lab30 1 ACCT 3723, Fin. Reporting & Analysis 3 FINN 3703, International Finance 3 |
FINN 3623, Risk Management 3 FINN 4733, Life/Health Insurance I 3 FINN 4833, Property/Casualty Ins I 3 |
| CONCENTRATION II: FINANCIAL MANAGEMENT | CONCENTRATION IV: REAL ESTATE |
| FINN 4133, Advanced Investment or FINN 4143, Portfolio Mgmt I31 3 ACCT 3721L, Fin. Acctg. Computer Lab30 1 ACCT 3723, Fin. Reporting & Analysis 3 FINN 3703, International Finance 3 |
FINN 3933, Real Estate Principles 3 FINN 4413, Real Estate Invest/Appr 3 FINN 4433, Real Estate Finance .3 |
Junior/Senior electives within College of Business Administration32
(Only 6 hours are permitted within finance) 9-12
Total College of Business Administration Requirements 63
Total Degree Requirements 126
Recommended Course Sequence for Banking Concentration
| JUNIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3333, Info Systems Mgmt 16 semester hours |
3 MGMT 3563, Mgmt Concepts/Orgn Behav 17 semester hours |
| SENIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3603, Production & Ops Mgmt 15 semester hours |
3 MGMT 4833, Strategic Management 17 semester hours |
Recommended Course Sequence for Financial Management Concentration
| JUNIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3333, Info Systems Mgmt 17-18 semester hours |
3 FINN 3053, Financial Markets/Institutions 15 semester hours |
| SENIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3603, Production & Ops Mgmt 15 semester hours |
3 MGMT 4833, Strategic Management 17 semester hours |
Recommended Course Sequence for Insurance Concentration
| JUNIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3333, Info Systems Mgmt 17 semester hours |
3 CISQ 3603, Production & Ops Mgmt 15 semester hours |
| SENIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 FINN 4733, Life and Health Insurance I 15 semester hours |
3 FINN 4833, Property/Casualty Insurance I 17 semester hours |
Recommended Course Sequence for Real Estate Concentration
| JUNIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
3 CISQ 3333, Info Systems Mgmt 15 semester hours |
3 CISQ 3603, Production & Ops Mgmt 17 semester hours |
| SENIOR YEAR - FIRST SEMESTER | SECOND SEMESTER |
| 3 FINN 4413, Real Estate Invest/Appraisal 3 Junior/senior business elective 3 Junior/senior economics elective 6 General education electives 15 semester hours |
3 MGMT 4833, Strategic Management 17 semester hours |
Courses: Finance (FINN)
FINN3003 Personal Financial Management (FA, SP) Topics covered include budgeting, financial planning, managing credit, taxes, insurance, investments, and retirement planning.
Enrollment in junior/senior business courses is contingent upon completion of all course prerequisites.
The following courses are not open to business students until they have completed all Pre-business requirements.
FINN3033 Money and Banking (FA, SP, SU) Financial history; financial institutions; theory of practice and income; monetary policy in theory and practice. Prerequisite: ECON 2013 and ECON 2023 and ACCT 2013.
FINN3043 Financial Management Theory and Practice (FA, SP, SU) Introduction to management and formation of capital; the finance function and its environment; techniques of financial analysis, planning and control; management of working capital; capital budgeting; cost of capital; money and capital market analysis; management of capital structure. Prerequisite: ECON 2013 and ECON 2023 and ACCT 2023 and CISQ 2013.
FINN3053 Financial Markets and Institutions (FA, SP, SU) Role and operations of financial markets and institutions in the economy. Supply of, demand for, funds, interest rates and flow of funds analysis. Financial policies, practices of bank and nonbank financial institutions. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.
FINN3063 Principles of Investments (FA, SP, SU) Introduction to basic investment principles including: risk return tradeoff, types of securities, market efficiency, interest rates, and speculative investments. Prerequisite: FINN 3043.
FINN3133 Commercial Banking (FA, SP, SU) Commercial bank administration, management; loans; bond portfolios; credit analysis; public relations; analysis and interpretations of Federal Reserve regulations and publications. Prerequisite: FINN 3043.
FINN3623 Risk Management (FA, SP) A survey of the extent and types of risk in business; ways of dealing with business risk; use of security and commodity exchanges; survey of insurance for risk bearing purposes.
FINN3703 International Finance (FA, SP, SU) Introduction to international financial markets, exchange rates and exchange rate determination, balance of trade measures, and vehicles for foreign trade financing.
FINN3933 Real Estate Principles (FA, SP, SU) Comprehensive, covering economics of real estate, real estate value, real estate finance, rights in real property and their transfer, public programs, policies relating to real property.
FINN399VH Honors Course (1-6) (IR) Open only to students in an honors program. Independent research and reading which lead to the development of a research paper under the supervision of senior staff.
FINN4133 Advanced Investments (FA, SP) Sound training in the principles of security analysis and portfolio management and certain advanced techniques of financial management. Modern portfolio theory and its application to portfolio management practices will be emphasized. Prerequisite: ECON 2023 and ACCT 2023 and CISQ 2013 and FINN 3063 and FINN 3043.
FINN4143 Portfolio Management I (FA) Theories of portfolio construction, rules, fundamental analysis, and random walk as applied to portfolio management; investment goals and strategies; decision making on portfolio of Rebsamen Investment Trust. Prerequisite: FINN 3043 and FINN 3063.
FINN4153 Portfolio Management II (SP) Theories of portfolio construction, rules, fundamental analysis, and random walk as applied to portfolio management; investment goals and strategies; decision making on portfolio of Rebsamen Investment Trust. Prerequisite: FINN 4143.
FINN4233 Financial Policy and Planning (FA, SP, SU) Policy and problems in financial planning for working capital, capital budgets, and capital structure. Prerequisite: FINN 3043.
FINN4313 Advanced Commercial Bank Management (FA, SP) Problems and cases emphasizing application of analytical tools, techniques in decision making process. Determination of operating policies regarding loans, investments, liquidity, capital; efficient performance of lending, investment function; profit planning, analysis; strategies of growth, competition; evaluation of bank performance. Prerequisite: FINN 3133.
FINN4413 Real Estate Investment and Appraisal (FA) Investment analysis and valuation theory applied to real estate. Prerequisite: FINN 3933.
FINN4433 Real Estate Finance (SP) Consideration of professional aspects of real estate, brokerage, property management, finance, appraisal, property development, current problems and developments relating to real property. Prerequisite: FINN 3933.
FINN4733 Life and Health Insurance I (FA) Basic principles, functions, uses of life and health insurance; types of policy contracts; calculation of premiums, reserves; organizations, management, supervision, of companies.
FINN4833 Property and Casualty Insurance I (SP) Forms and functions of fire, marine, inland marine, automobile title, miscellaneous types insurance and bonds for business, personal use.
FINN4843 Property and Casualty Insurance II (SP) Institutional and functional aspects of property and casualty insurance industry; analyzes types of carriers, marketing organizations, underwriting, rates and rate making, financial analysis, problems facing the industry in these areas. Prerequisite: FINN 3623.
The following courses are restricted to students with graduate standing and require the consent of the instructor.
FINN5203 Money and Capital Management (SP, SU) Role of finance in U.S. economy; the institutions, monetary theory, policies which comprise environment in which financial decisions are made. Finance function within firm; financial analysis, planning and control, financial decision making models, financial policies for management. Prerequisite: ACCT 5103 and ECON 5103 and CISQ 5203.
FINN5303 Advanced Financial Management (FA, SP, SU) Financial management of firm, with special emphasis on financial planning, capital budgeting, cost-of-capital concepts. Prerequisite: FINN 5203.
FINN5333 Investment Theory and Management (FA) Integration of theory, practice of investments with solution of individual and institutional portfolio management problems; Institute of Chartered Financial Analysts' Problems; variable annuity in estate planning. Prerequisite: FINN 5203.
FINN5623 Investment Banking and Securities Markets (FA) Topics include investment banking, securities markets, traditional and new financial products, money management, and financial innovation. Prerequisite: FINN 5203.
FINN5633 Financial Institutions (SP) Savings intermediation and its effects on allocating investments funds; characteristics of financial institutions including services, assets management, growth; relations between growth of institutions and interest rates, consumer behavior, investment demand, government policies, critical evaluation of performance by financial intermediaries. Prerequisite: FINN 5203.
FINN5703 Multinational Business Finance (FA) Problems pertinent to manager of firm in multinational business environment, including international institutions, risks, investments, capital budgeting. Prerequisite: FINN 5203.
FINN6043 Finance Theory (FA, SP, SU) Provides a conceptual understanding of key theoretical developments in the field of financial economics, including firm decisions under risk within a world of uncertainty.
FINN6133 Seminar in Investment Theory (SP) Study advanced literature in field investments, with special reference to theory of random walks, stock valuation models, portfolio management.
FINN6233 Seminar in Financial Management (FA) Financial management of firm with emphasis on financial theory or firm, quantitative methods used in financial analysis, planning.
FINN6333 Empirical Research in Finance and Accounting (FA, SP, SU) A study of recent empirically based research in finance and accounting literature with emphasis on the application of various research methods to finance and accounting data. (Same as ACCT 6333)
FINN636V Special Problems in Finance (1-6) (IR) Case studies in investments, corporation finance, money and banking, monetary theory, international finance, public finance. By arrangement.
FINN6733 Seminar in Financial Markets and Institutions (FA, SP, SU) Recent developments in the literature of financial markets and institutions. Participants will be involved in the extensive study of existing theories and empirical tests of the theories.
FINN700V Doctoral Dissertation (1-18) (FA, SP) Prerequisite: candidacy.
98-99 Catalog of Studies | College of Business Administration Front Page