Department Chair:  Ken Shakoori

Department Office:  Business Development

Center,  126

Telephone:  (661) 654-3406

email:  fadept@csub.edu

email:  kshakoori@csub.edu

Website:  www.csubbpa.com/

Faculty:  Accounting:  L Bacon, M Doucet, T Doucet,

J Patten, J Ruiz

Finance:  R Fletcher, B Kim, A. Phillips

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Finance

Areas of Emphasis:

•     General Finance

•     Financial Economics

•     Financial Planning

Many CSUB finance classes prepare or help prepare students for various professional designations, including Chartered Life Underwriter (CLU), Chartered Financial Counselor (ChFC), Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified in Financial Management (CFM), Chartered Property and Casualty Underwriter (CPCU), and Accredited Pension Administrator (APA.)  See an advisor for more information about these and other programs.

General Finance (20 units)

Required:

1.   FIN 326 Investment Management

2.   FIN 400 Advanced Financial Management

Plus two courses selected from the following:

1.   FIN 305 Computer Applications in Finance

2.   FIN 322 Personal Financial and Insurance Planning

3.   FIN 460 Financial Institutions Management

4.   FIN 480 Real Estate Finance and Investment

5.   FIN 490 International Business Finance

6.   ACCT 300 Intermediate Accounting I

7.   ACCT 303 Managerial Accounting

**    Students are also encouraged to participate in the internship program: FIN 496 Internship in Finance.

Financial Economics (25 units)

Required:

1.   ACCT 303 Managerial Accounting

2.   FIN 400 Advanced Financial Management

3.   ECON 302 Intermediate Macroeconomics

4.   ECON 420 Econometrics and Forecasting

Plus one course selected from the following:

1.   FIN 460 Financial Institutions Management

2.   ECON 430 Money, Banking, and the Economy

Financial Planning (25 units)

Required:

1.   FIN 322 Personal Financial and Insurance Planning

2.   FIN 326 Investment Management

3.   FIN 421 Retirement and Estate Planning

4.   FIN  495 Personal Financial Planning Capstone

5.   ACCT 403 Fundamentals of Taxation for Individuals and Business

COURSE DESCRIPTIONS

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Lower Division

FIN 100 Managing Your Personal Finances (5)

This course provides an examination of the financial situations students confront during their college years and thereafter.  The emphasis is on applying relatively simple concepts to managing one’s own financial resources.  Topics include:  budgeting, banking services, credit card use, consumer loans, insurance concepts, and savings plans.

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Upper Division

FIN 300 Financial Management (5)

Theory and practice of financing the business firm under uncertainty.  Financial markets, risk valuation, financial analysis and forecasting, capital budgeting, working capital management, capital structure.  Statistical and financial analysis of problem sets also included as well as computer applications with an emphasis on spreadsheets.

FIN 305 Computer Applications in Finance (5)

Examination of selected topics and specific techniques of financial analysis commonly used for decision-making purposes in the areas of corporate finance, investments, and international finance.  This course will provide the student with a working knowledge of Internet sources of economic and market data as well as spreadsheet and statistical applications in finance.  Emphasis will be based on the analysis of real-world data and the use of the computer as a decision-making tool.  Prerequisite:  FIN 300.

FIN 322 Personal Financial and Insurance Planning (5)

This course introduces students to risk management and insurance decisions in personal financial planning.  Topics in financial  planning include the financial planning process, client interaction, time value of money applications, personal financial statements, cash flow and debt management, asset acquisition, education planning, overview of investment planning and retirement planning, plan integration, ethics, and business aspects of financial planning.  Topics in insurance planning include insurance for life, health, disability, property and liability risks, as well as annuities, group insurance and long term care.

FIN 326 Investment Management (5)

Analyzes various types of securities, security markets, investment strategies, and methods of evaluating portfolio performance.  Assessing the overall quality of portfolio management in the context of the financial plan.  Case analysis and student investment presentations may be required.  Prerequisite:  FIN 300.

FIN 400 Advanced Financial Management (5)

Provides students with the opportunity both to recognize and to test the relevance of modern financial concepts in the context of real managerial decisions in the private sector, including ethical problems facing financial managers.  Case method utilizing statistical and financial analysis techniques and computer applications to show real world applications.  Student presentations are required.  Prerequisite:  FIN 300.

FIN 421 Retirement and Estate Planning (5)

This course provides individuals with knowledge of both public (Social Security, Medicare and Medicaid) and private (defined benefit and defined contribution) retirement plans.  The specifics of the various plans are analyzed as well as non-qualified deferred compensation plans.  Issues that individuals face in retirement, such as life-style choices and medical issues are discussed.  Estate planning topics include efficient conservation and transfer of wealth consistent with the client’s goals, the legal, tax, financial, and non-financial aspects of estate planning as well as trusts, wills, probate, advanced directives, charitable giving, wealth transfers and related taxes.

FIN 460 Financial Institutions Management (5)

Gives students a broad introduction to the operation, structure and regulatory environment of the U.S. financial system.  Special attention will be given to the theories of interest rate determination, financial risk management, and asset/liability management in depository and non-depository institutions.  The course also investigates e-Business and changes in commercial banking, non-bank financial institutions and financial markets.  Computer models and cases are used to show real world applications.  Student presentations are required.  Prerequisite:  FIN 300.

FIN 477 Special Topics in Finance (5)

Special topics course in Finance provides students with the opportunity to take an in-depth study of an area not covered in regular courses.  When offered, prerequisites and course requirements will be announced for each course. 

FIN 480 Real Estate Finance and Investment (5)

Explores methods of analyzing real estate investments using accepted financial and statistical techniques by utilizing the computer.  Real estate investment opportunities are evaluated in the context of personal and business investment objectives.  Individual projects analyzing an investment property or real estate issue are a part of the course along with class presentations.  Satisfies the prerequisite of advanced real estate financing for the California real estate broker’s license.  Prerequisite:  FIN 300.

FIN 490 International Business Finance (5)

Investigation of the problems facing financial managers in international operations.  Topics include:  foreign exchange, the international monetary system, managing exchange rate risk exposure, capital budgeting, international banking, and import/export financing.  Financial analysis using spreadsheets as well as student presentations may be required.  Prerequisite:  FIN 300.

FIN 495 Personal Financial Planning Capstore (5)

This course will engage the student in critical thinking and decision-making about personal financial management topics in the context of the financial planning process.  The case method will be used extensively.

FIN 496 Internship in Finance (1-5)

Provides an integrated academic experience in a work setting appropriate for the student pursuing a concentration in Finance.  The determination of course content, credits, evaluation and grading is based upon a course outline pre-approved by the faculty in the department.  Offered on a credit, no-credit basis only.  May not be used to satisfy the requirements of the Business Administration major.  Prerequisite:  FIN 300.