An examination of the theory and practice of finance with emphasis given to financial analysis, management, and control. Topics to be offered include the theory and practice of finance to include the firm's investment, financing, and dividend decisions; analytical techniques available for problem solving; and the environment in which financial decisions are made. Coverage of these topics will be accomplished by utilizing a balance among concept applications, case analysis, and problems. Content includes: 1) principles and functions of finance; valuation of financial market instruments; time value of money, financial ratio analysis; forecasting; 2) management of liquidity and other current assets; short- and intermediate-term financing, leasing; 3) capital investment, capital budgeting methods, required returns for companies and divisions and acquisitions; 4) theory of capital structure; dividend policy; 5) long-term financing; equity capital, long-term debt; inflation and financial market returns; and 6) mergers and acquisitions; failures and reorganizations. Prerequisites: Graduate level accounting, economics, and finance.

( GMP 5080 OR FIN 5080 OR GMP 5815 OR FIN 5815 )
AND ( GMP 5060 OR ACT 5060 )
AND ( GMP 5050 OR ECN 5050 )

The objectives of this course are:

1) To enhance the student's knowledge and understanding of the theory and practice of finance and their relationship to the other areas of business.
2) To introduce ways in which analytical techniques are used to solve problems in financial management.
3) To provide a vehicle for a better understanding of the environment in which financial decisions are made.

The case study method of learning is used to analyze and illustrate applications of theory and concepts to provide a better insight into financial decision-making. The student is asked to apply the theories of finance and the techniques of financial analysis to the workplace.

A. Entrance Competencies

Prerequisites for this course are a working knowledge of economics, accounting, statistics and the principles of finance. The student should be able to:

1) Analyze and evaluate financial statements as a result of understanding generally accepted accounting principles.
2) Understand micro- and macroeconomic relationships, and how economic trends and the external environment impact on the firm.
3) Employ statistical measures and techniques such as standard deviation, correlation, regression and probability, to measure risk and prepare pro forma financial statements.
4) Understand the fundamentals of valuation, capital structure, and portfolio theory (CAPM and EMH).

B. Exit Competencies

Upon completion of this course, the student will be able to use the tools of financial analysis to manage and control business units, to include:

1) Management of corporate resources, to include working capital and long term (capital) investments.
2) Evaluation of the advantages and disadvantages of the various sources of financing in light of traditional analysis and modern portfolio theory.
3) Application of capital structure theories and cost of capital determination to the firm.
4) Application of analytical tools and models to financial problem-solving; and.
5) Evaluation of dividend policy and its potential to affect the value of the firm.

1. Required Materials


1. Textbooks

NO TEXTBOOK REQUIRED


APA Manual
The APA Manual is a recommended textbook for all courses.
Effective July 1^st 2009, the 6th edition of the APA Manual is recommended for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.