2012-14 Academic Catalog

Department of Finance

(College of Business Administration)


www.cba.uni.edu/finance

The Department of Finance offers the following undergraduate programs and program certificate. Specific requirements for these programs are listed within this Department of Finance section in the following order:

  • Undergraduate Majors (B.A.)
    • Finance
    • Real Estate
  • Minors
    • Finance (for Business and Non-Business Majors)
    • Real Estate-Business
    • Real Estate
  • Program Certificates
    • Financial Analysis
    • Financial and Real Estate Sales for Business Majors (also listed in Department of Marketing)

Note: Students majoring in Finance and/or Real Estate must satisfy the College of Business Administration (CBA) admission requirements before they can officially declare their major. A copy of the Admission, Retention, and Graduation Policy may be obtained from UNIBusiness Advising in the College of Business Administration or at
http://business.uni.edu/web/pages/currentstudents/advisingcenter-collegepolicies.cfm.Prior to completion of the admission requirements, students may sign an intent to major in Finance or Real Estate and be classified as a prospective (pre)major. Pre-Finance and Pre-Real Estate majors may enroll in lower division (below 100/3000-level) business courses only. Enrollment in upper division (100/3000/4000-level) business courses and MKTG 2110 (130:101) requires satisfactory completion of the CBA admission requirements and any course prerequisites.

Finance and Real Estate majors may declare a double major, and/or major and minor within the College of Business Administration, subject to the approval of the other CBA departments involved. Finance and Real Estate majors minoring within the CBA must select minors designated for business majors. Finance majors cannot minor in Finance, and Real Estate majors cannot minor in Real Estate. However, Finance majors may double major or minor in Real Estate, and Real Estate majors may double major in Finance or minor in Finance. Also, not more than one emphasis area may be declared in Finance.

To graduate with a major in Finance or Real Estate from the College of Business Administration, a student must earn at least 50% of the business credit hours required for the major at UNI. Students must take at least 50% of the course work required for the degree outside the College of Business Administration. Up to nine hours of economics (excluding ECON 1021 (920:020) ), and six hours of statistics may be counted as outside the College of Business Administration. A student must earn a 2.20 cumulative grade point average at UNI; and must earn an overall 2.20 grade point average in ACCT xxxx/120:xxx, MKTG xxxx/130:xxx, MGMT xxxx/150:xxx, FIN xxxx/160:xxx, and ECON xxxx/920:xxx courses taken at UNI. Students given permission to graduate out-of-residence must earn a 2.20 or better in all courses approved and accepted for out-of-residence credit.

The Finance Department may impose additional admission requirements for students wishing to declare a minor or a second CBA major. Eligibility to declare a minor or a second CBA major is based on competitive GPA and space availability. Students may obtain a copy of these requirements from UNIBusiness Advising (CBB 5) in the College of Business Administration.

Bachelor of Arts Degree Programs

Finance Major

The Finance major requires a minimum of 120 total hours to graduate. This total includes Liberal Arts Core requirements and the following specified major requirements, plus electives to complete the minimum of 120 hours.

Required business core
Business Administration, Interdepartmental:
BUSINESS 1000 (100:010)Freshman Seminar for Business Professionals0
BUSINESS 2000 (100:020)Business Professional in Training0
Accounting:
ACCT 2120 (120:030)Principles of Financial Accounting3
ACCT 2130 (120:031)Principles of Managerial Accounting3
Marketing:
MKTG 2110 (130:101)Principles of Marketing3
Management:
MGMT 2080 (150:080)Introduction to Information Systems3
MGMT 3100 (150:100)Legal and Social Environment of Business3
MGMT 3153 (150:153)Organizational Management3
MGMT 3154 (150:154)Operations Management3
MGMT 4175 (150:175)Business Policy and Strategy3
Finance:
FIN 3130/5130 (160:151g)Corporation Finance3
Economics:
ECON 1011 (920:070)Business Statistics3
ECON 1021 (920:020)Introduction to Decision Techniques3
ECON 1041 (920:053)Principles of Macroeconomics3
ECON 1051 (920:054)Principles of Microeconomics3
Required Finance
FIN 3135 (160:161)Intermediate Financial Management3
FIN 3160/5160 (160:152g)Principles of Investments3
FIN 4145 (160:171)Advanced Financial Management3
Emphasis Requirements9
Students select one area of emphasis below
Total Hours57

Emphases:

Financial Management

Electives9
Finance:
International Financial Management
Financial Information Systems and Analysis
Insurance Company Operations
Fixed Income Analysis
Real Estate Finance *
Commercial Bank Management
Topics in Financial Management (sections 1, 2, 3, and 4)
Economics:
Money and Banking
Total Hours9

Investments

Required
Finance:
FIN 4140/5140 (160:156g)Topics in Financial Management (section 2)3
FIN 4140/5140 (160:156g)Topics in Financial Management (section 3)3
Electives3
Finance:
International Financial Management
Financial Information Systems and Analysis
Fixed Income Analysis
Real Estate Finance *
Commercial Bank Management
Total Hours9

Financial Services

Required
Finance:
FIN 3170/5170 (160:153g)Commercial Bank Management3
Select one of the following: 3
Financial Information Systems and Analysis
Fixed Income Analysis
Real Estate Finance
Electives3
Finance:
International Financial Management
Risk Management and Insurance
Insurance Company Operations
Real Estate Finance *, ***
Financial Information Systems and Analysis
Economics:
Money and Banking
Total Hours9

*

Students who major in both Finance and Real Estate may not use FIN 3125 (160:141) to satisfy the requirements of the Finance major.

**

In addition to the required 57  hours, ECON 1021 (920:020) and ECON 1011 (920:070) have as a prerequisite STAT 1772 (800:072) or equivalent. STAT 1772 (800:072) will satisfy Category 1C of the Liberal Arts Core.

***

FIN 3034 (160:154) may be chosen if not selected as required course.

Real Estate Major

The Real Estate major requires a minimum of 120 total hours to graduate. This total includes Liberal Arts Core requirements and the following specified major requirements, plus electives to complete the minimum of 120 hours.

Required business core
Business Administration, Interdepartmental:
BUSINESS 1000 (100:010)Freshman Seminar for Business Professionals0
BUSINESS 2000 (100:020)Business Professional in Training0
Accounting:
ACCT 2120 (120:030)Principles of Financial Accounting3
ACCT 2130 (120:031)Principles of Managerial Accounting3
Marketing:
MKTG 2110 (130:101)Principles of Marketing3
Management:
MGMT 2080 (150:080)Introduction to Information Systems3
MGMT 3100 (150:100)Legal and Social Environment of Business3
MGMT 3153 (150:153)Organizational Management3
MGMT 3154 (150:154)Operations Management3
MGMT 4175 (150:175)Business Policy and Strategy3
Finance:
FIN 3130/5130 (160:151g)Corporation Finance3
Economics:
ECON 1011 (920:070)Business Statistics3
ECON 1021 (920:020)Introduction to Decision Techniques3
ECON 1041 (920:053)Principles of Macroeconomics3
ECON 1051 (920:054)Principles of Microeconomics3
Required Real Estate and Finance
FIN 3110 (160:140)Principles of Real Estate3
FIN 3115 (160:143)Real Estate Law and Brokerage3
FIN 3120 (160:142)Real Estate Appraisal and Investment3
FIN 3125 (160:141)Real Estate Finance3
FIN 3135 (160:161)Intermediate Financial Management3
FIN 4145 (160:171)Advanced Financial Management3
Total Hours57

*

NOTE: In addition to the required 57 hours, ECON 1021 (920:020) and ECON 1011 (920:070) have as a prerequisite STAT 1772 (800:072) or equivalent. STAT 1772 (800:072) will satisfy Category 1C of the Liberal Arts Core.

Minors

Finance Minor (for Business and Non-Business Majors)**

Required
Finance:
FIN 3130/5130 (160:151g)Corporation Finance *3
FIN 3160/5160 (160:152g)Principles of Investments3
Electives9
Finance:
International Financial Management
Financial Information Systems and Analysis
Risk Management and Insurance
Insurance Company Operations
Real Estate Finance
Intermediate Financial Management
Commercial Bank Management
Topics in Financial Management (sections 1, 2, 3, and 4)
Economics:
Money and Banking
Total Hours15

*

FIN 3130/5130 (160:151g) has additional prerequisites of ACCT 2130 (120:031); ECON 1041 (920:053); ECON 1051 (920:054) ECON 1011 (920:070) or equivalent.

**

NOT available to majors in Finance.

Real Estate Minor-Business

Required
Finance:
FIN 3110 (160:140)Principles of Real Estate3
FIN 3115 (160:143)Real Estate Law and Brokerage3
FIN 3120 (160:142)Real Estate Appraisal and Investment3
FIN 3125 (160:141)Real Estate Finance3
Electives from the following3
Marketing:
Consumer Behavior
Personal Selling
Services Marketing
Finance:
Insurance Company Operations
Commercial Bank Management
Technology:
Construction Resources
Economics:
Urban and Regional Economics
Geography:
North American Cities
Regional Analysis and Planning
Locational Analysis for Business
Total Hours15

Available to majors in: Accounting, Business Teaching, Economics-Business Economics Emphasis, Finance, Management, Management Information Systems, and Marketing.

Real Estate Minor

Required
Finance:
FIN 3110 (160:140)Principles of Real Estate3
FIN 3115 (160:143)Real Estate Law and Brokerage3
FIN 3120 (160:142)Real Estate Appraisal and Investment3
Marketing:
MKTG 2110 (130:101)Principles of Marketing *3
Electives from the following3
Marketing:
Consumer Behavior
Personal Selling
Services Marketing
Finance:
Insurance Company Operations **
Real Estate Finance **
Corporation Finance **
Commercial Bank Management **
Technology:
Construction Resources
Economics:
Urban and Regional Economics **
Geography:
North American Cities
Regional Analysis and Planning **
Locational Analysis for Business
Total Hours15

*

In addition to the required 15 hours, MKTG 2110 has a prerequisite of either ECON 1031 (920:024) or ECON 1041 (920:053). ECON 1031 (920:024) or both ECON 1041 (920:053) and ECON 1051 (920:054) will satisfy Category 5B of the Liberal Arts Core.

**

FIN 3125 (160:141), FIN 3130/5130 (160:151g), FIN 3170/5170 (160:153g), FIN 3055 (160:163), ECON 3253/5253 (920:148g), and GEOG 4170/5170 (970:168g) have additional prerequisites.

NOT available to majors in: Accounting, Business Teaching, Economics-Business Economics Emphasis, Finance, Management, Management Information Systems, Marketing, and Real Estate.

Program Certificate

The University of Northern Iowa makes available, in addition to traditional programs, the opportunity for students to earn program certificates. Program certificates provide an alternative to programs leading to a degree, a major, or a minor; they certify that an individual has completed a program approved by the university. For information on the following program certificate, contact the Department of Finance or the Office of the Registrar, which serves as the centralized registry.

Financial Analysis Certificate

Required
Finance:
FIN 6266 (160:266)Financial Management and Markets (MBA students)3
or FIN 3135 (160:161) Intermediate Financial Management
FIN 3160/5160 (160:152g)Principles of Investments3
FIN 4140/5140 (160:156g)Topics in Financial Management (section 2)3
FIN 4140/5140 (160:156g)Topics in Financial Management (section 3)3
FIN 4145 (160:171)Advanced Financial Management3
Total Hours15

NOTE: Course prerequisites will lengthen this certificate for non-business majors.

In order to receive the Financial Analysis Certificate, all candidates must participate in the department’s Financial Analysis Study Seminar, and pass the CFA® Level 1 exam administered by the CFA Institute. In addition, MBA students who are candidates for the Financial Analysis Certificate must participate in the department’s Level 2 Examination Review sessions and register to take the CFA® Level 2 examination administered by CFA Institute.

Certificate in Financial and Real Estate Sales for Business Majors

Required
Marketing:
MKTG 3153 (130:153)Personal Selling3
MKTG 3154Sales Management3
Finance:
FIN 3130/5130 (160:151g)Corporation Finance3
Electives from the following:6
Finance:
Risk Management and Insurance
Principles of Real Estate
Principles of Investments
Electives from the following:3
Management:
Ethics in Business
Communication Studies*:
Business and Professional Oral Communication
Persuasion
Listening
Total Hours18

*

Prerequisite notes:

1) COMM 4355/5355 (48C:141g) and COMM 4218 (48C:178) have junior standing as their prerequisite.

2) COMM 3155 (48C:173) has COMM 1000 (48C:001) Oral Communication as a prerequisite. COMM 1000 (48C:001) is a Liberal Arts Core Category 1.B. required course that any business major pursuing this certificate would be required to complete.

3) The remaining certificate courses are business courses (i.e., Marketing, Finance, and Management) and all prerequisites for all courses would be required to complete as a business major. for which this certificate is the intended audience.

 

 

B.A. Degree - Finance: Financial Management (Major Code 16F)

For additional information and sample Plan of Study go to http://business.uni.edu/web/pages/currentstudents/PlanRequirements/Finance%20Major.pdf.

B.A. Degree - Finance: Investments (Major Code 16I)

For additional information and sample Plan of Study go to http://business.uni.edu/web/pages/currentstudents/PlanRequirements/Finance%20Major.pdf.

B.A. Degree - Finance: Financial Services (Major Code 16S)

For additional information and sample Plan of Study go to http://business.uni.edu/web/pages/currentstudents/PlanRequirements/Finance%20Major.pdf.

B.A. Degree - Real Estate (Major Code 166)

For additional information and sample Plan of Study go to http://business.uni.edu/web/pages/currentstudents/PlanRequirements/Real%20Estate%20Major.pdf.

 


 

 

 

Courses

FIN 1040 (160:055). Personal Financial Planning and Asset Management — 3 hrs.

Overview of fundamentals of financial planning and asset allocations with emphasis on diversification of risk. (Fall, Spring)

FIN 3032/5032 (160:158g). International Financial Management — 3 hrs.

Study of financial decision making in an international context. Topics include financing international trade, management of foreign exchange risk, investment analysis, working capital management, and international taxation. Case study approach. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 3034 (160:154). Financial Information Systems and Analysis — 3 hrs.

Study of financial information systems (FIS) from perspective of financial decision makers. Topics include information economics, information value and business performance, and financial analysis. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Variable)

FIN 3050 (160:162). Risk Management and Insurance — 3 hrs.

Fundamentals of risk and insurance as they apply to financial management. Prerequisite(s): junior standing. (Variable)

FIN 3055 (160:163). Insurance Company Operations — 3 hrs.

In-depth study of management issues unique to insurance operations and companies from a functional perspective. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Variable)

FIN 3065/5065 (160:157g). Fixed Income Analysis — 3 hrs.

Principles and tools used to value fixed income securities and manage the risk of bond portfolios. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); FIN 3160/5160 (160:152g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 3080 (160:170). Special Problems — 1-3 hrs.

Credit determined at registration. Prerequisite(s): junior standing; consent of department head. (Variable)

FIN 3110 (160:140). Principles of Real Estate — 3 hrs.

Introduction to nature of real estate, its investment value, and related decision analysis. Includes appraisal, investment analysis, location theory, financing, legal characteristics, and development. Not intended as pre-license course for sales personnel. Prerequisite(s): junior standing. (Fall, Spring)

FIN 3115 (160:143). Real Estate Law and Brokerage — 3 hrs.

Study of the law affecting real estate value, financing, conveyance, contractual obligations, and brokerage, including agency relationships. Prerequisite(s): FIN 3110 (160:140); junior standing. (Fall, Spring)

FIN 3120 (160:142). Real Estate Appraisal and Investment — 3 hrs.

Introduction to techniques of appraising the value of real estate. Includes discussion of market approach, cost approach, income approach, and techniques of analyzing investment value of real estate. Prerequisite(s): FIN 3110 (160:140); junior standing. (Fall, Spring)

FIN 3125 (160:141). Real Estate Finance — 3 hrs.

Introduction to concepts, techniques, and instruments integral to the financing of real estate. Includes discussion of financial markets and institutions from which financing can be obtained. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 3130/5130 (160:151g). Corporation Finance — 3 hrs.

Introductory course in corporation finance relating to the role of the finance function with the corporate enterprise. Graduate students completing this course will be required to complete a graded, written case covering financial management and capital budgeting. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. Mathematics majors who have successfully completed MATH 1420 (800:060) and MATH 1421 (800:061) may enroll with the consent of department head. (Fall, Spring, Summer)

FIN 3135 (160:161). Intermediate Financial Management — 3 hrs.

Examination of the tools, concepts, and theories of financial management. Topics include working capital management, capital budgeting, financial theory, and financial modeling. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 3160/5160 (160:152g). Principles of Investments — 3 hrs.

Investment decision making, analysis, and management. Includes descriptive analysis of various investment media, techniques of value analysis, and basic topics in portfolio management. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring, Summer)

FIN 3170/5170 (160:153g). Commercial Bank Management — 3 hrs.

Study of major decisions and policies involved in management of commercial banks in the context of asset/liability management. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 3179 (160:179). Cooperative Education in Finance — 1-3 hrs.

Compensated work experience in conjunction with an academic project conducted under faculty guidance. Offered on credit/no credit basis only. Prerequisite(s): 3.00 cumulative UNI GPA; consent of department head. (Fall, Spring, Summer)

FIN 4140/5140 (160:156g). Topics in Financial Management — 3 hrs.

Examination of various aspects of financial management through discussions of specific topics. May be repeated only in different section. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing; plus the following prerequisites for the particular section:
Sec. 1: Advanced Cases. Prerequisite(s): C- or better in FIN 3130/5130 (160:151g); FIN 4145 (160:171).
Sec. 2: Security Analysis. Prerequisite(s): C- or better in FIN 3130/5130 (160:151g); FIN 3160/5160 (160:152g).
Sec. 3: Options/Futures. Prerequisite(s): C- or better in FIN 3130/5130 (160:151g); FIN 3160/5160 (160:152g).
Sec. 4: Working Capital. Prerequisite(s): C- or better in FIN 3130/5130 (160:151g); FIN 4145 (160:171). (Section 2 offered Spring; section 3 offered Fall; sections 1 and 4 variable)

FIN 4145 (160:171). Advanced Financial Management — 3 hrs.

In-depth examination of the tools, concepts, and theories of financial management. Topics include working capital management, capital budgeting, financial theory, and various appropriate analytical tools. Prerequisite(s): ACCT 2120 (120:030); ACCT 2130 (120:031); C- or better in FIN 3130/5130 (160:151g); FIN 3135 (160:161); STAT 1772 (800:072) or equivalent; ECON 1041 (920:053); ECON 1051 (920:054); ECON 1011 (920:070); junior standing. (Fall, Spring)

FIN 6266 (160:266). Financial Management and Markets — 3 hrs.

In-depth examination of tools, concepts, theories, and analysis of managerial finance integrated with case applications. Students expected to apply concepts from managerial finance in analyzing, presenting, and discussing cases at an advanced level. Prerequisite(s): FIN 3130/5130 (160:151g) or equivalent; consent of MBA Director. (Spring)

FIN 6280 (160:280). Topics in Finance — 1-3 hrs.

In-depth examination of various aspects of financial management through discussions of specific topics in finance. Integration of financial theory and case analysis with advanced finance topics. May be repeated for maximum of 6 hours. Anticipated typical credit of 1 hour. Prerequisite(s): consent of MBA Director. (Variable)

FIN 6285 (160:285). Individual Readings — 1-3 hrs.

Directed readings and reports. Prerequisite(s): consent of MBA Director. (Variable)

FIN 6297 (160:297). Practicum — 2 hrs.

Prerequisite(s): consent of MBA Director. (Variable)

FIN 6299 (160:299). Research — 1-6 hrs.

Prerequisite(s): consent of MBA Director. (Variable)