Pu Liu
Department Chair, 302 WCOB, 479-575-4505

The academic mission of the department of finance is to provide an educational experience that:

  • Stimulates student learning through open dialogue and informative discussion both inside and outside the classroom;
  • Actively engages students in their own learning through problem-based casework, participation in real-world business activities, and internships in the financial community; and
  • Prepares students to successfully meet the rigors of the challenging and diverse career opportunities in finance.

Students who elect to major in finance can choose from one of five concentrations: banking, energy finance, financial management/investment, insurance, and real estate. This choice should reflect the student’s primary career focus and electives should be used to complement the coursework in the chosen concentration. Careers in finance that are analytically oriented will generally require proficiency in accounting, economics, and quantitative methods. In contrast, careers in finance that are sales or management oriented will generally require marketing and management skills. Finance majors are strongly encouraged to consult with departmental faculty advisers and/or the department chair in developing their curriculum.

Finance Major with Banking Concentration

Finance Major Requirements

Major Course Requirements
FINN 3013Financial Analysis (Sp, Su, Fa)3
FINN 3053Financial Markets and Institutions (Sp, Su, Fa)3
FINN 3703International Finance (Sp, Su, Fa)3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives12
Concentration hours15
Total Hours36

Banking Concentration

FINN 3103Financial Modeling (Sp, Su, Fa)3
FINN 3133Commercial Banking (Sp, Fa)3
FINN 4313Advanced Commercial Banking (Sp)3
Any two of the following courses, which are highly recommended, satisfy the 6-credit-hour interdisciplinary requirement in the finance major:6
Accounting
Intermediate Accounting I (Sp, Fa)
Intermediate Accounting II (Sp)
Economics
Experimental Economics (Fa)
Information Systems
Principles of Information Systems (Sp, Fa)
ERP Fundamentals (Sp, Fa)
Management
Entrepreneurship and New Venture Development (Sp, Fa)
Small Enterprise Management (Sp)
Marketing
Consumer Behavior (Sp, Fa)
Marketing Research (Sp, Fa)
Supply Chain Management
Supply Management (Sp, Fa)
Advanced Inventory Management and Forecasting (Sp, Fa)
Total Hours15

Finance B.S.B.A. with Banking Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Sp, Su, Fa)3  
MATH 2053 Finite Mathematics (Sp, Su, Fa)3  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Sp, Su, Fa)3  
WCOB 1111 Freshman Business Connection (Fa)1  
BLAW 2013 The Legal Environment of Business (ACTS Equivalency = BLAW 2003) (Sp, Su, Fa)13  
ISYS 1120 Computer Competency Requirement (Sp, Su, Fa)0  
U.S. History or Political Science - University Core3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Sp, Su, Fa)  3
ACCT 2013 Accounting Principles (Sp, Su, Fa)  3
WCOB 1033 Data Analysis and Interpretation (Sp, Su, Fa)  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Sp, Su, Fa)  3
Natural Science - University Core  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II (Sp, Su, Fa)3  
ISYS 2103 Business Information Systems (Sp, Su, Fa)13  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Sp, Su, Fa)23  
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Sp, Su, Fa)3  
Social Science - University Core3  
SCMT 2103 Introduction to Supply Chain Management (Sp, Fa)  3
MGMT 2103 Managing People and Organizations (Sp, Su, Fa)1  3
FINN 3043 Principles of Finance (Sp, Su, Fa)1  3
Fine Arts/Humanities - University Core  3
Natural Science - University Core  4
Year Total: 15 16
 
Third YearUnits
FallSpring
MKTG 3433 Introduction to Marketing (Sp, Su, Fa)13  
FINN 3013 Financial Analysis (Sp, Su, Fa)3  
FINN 3103 Financial Modeling (Sp, Su, Fa)3  
Fine Arts/Humanities - University Core3  
General Education Electives3  
FINN 3053 Financial Markets and Institutions (Sp, Su, Fa)  3
FINN 3133 Commercial Banking (Sp, Fa)  3
MGMT 3013 Strategic Management (Sp, Su, Fa)  3
Junior Senior Business Electives  3
General Education Electives  3
Year Total: 15 15
 
Fourth YearUnits
FallSpring
FINN 3703 International Finance (Sp, Su, Fa)3  
Finance or Interdisciplinary Electives3  
Junior Senior Business Electives3  
General Education Elective3  
FINN 4313 Advanced Commercial Banking (Sp)  3
Finance or Interdisciplinary Electives  3
Junior Senior Business Elective  6
General Education Electives  3
Year Total: 12 15
 
Total Units in Sequence:  120
*

Must be completed prior to WCOB 1033.

**

 Must be completed prior to MGMT 3013.

***

Must be completed prior to taking any 3000 or 4000 level courses.

Finance Major Requirements

Major Course Requirements
FINN 3013Financial Analysis (Sp, Su, Fa)3
FINN 3053Financial Markets and Institutions (Sp, Su, Fa)3
FINN 3703International Finance (Sp, Su, Fa)3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives12
Concentration hours15
Total Hours36

Requirements for Energy Finance Concentration

If a student selects the Energy Finance concentration, they must take ACCT 3723 and ACCT 3753 as junior/senior business electives in their junior year. Energy Finance students will also be involved in management of the David Carter Adams Energy Sector student managed investment fund and will participate in the premiere Energy Risk Professional (ERP) certification program.

University Core Requirement
GEOS 1133
GEOS 1131L
Earth Science (ACTS Equivalency = GEOL 1124 Lecture) (Sp, Fa)
and Earth Science Laboratory (ACTS Equivalency = GEOL 1124 Lab) (Sp, Fa)
4
General Education Elective
GEOS 4253Petroleum Geology (Fa)3
Required Courses
FINN 3103Financial Modeling (Sp, Su, Fa)3
FINN 4173Energy Finance (Sp, Fa)3
ACCT 449VSpecial Topics in Accounting (Irregular)1-3
Choose 6 hours from the following courses:6
Investments (Sp, Su, Fa)
Corporate Finance (Sp, Su, Fa)
Advanced Investments (Sp, Fa)
Advanced Corporate Finance (Irregular)
Fixed Income Securities I (Fa)
Fixed Income Securities II (Sp)
Portfolio Management I (Fa)
Portfolio Management II (Sp)
Total Hours20-22

Finance B.S.B.A. with Energy Finance Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

If a student selects the Energy Finance concentration, they must take ACCT 3723 and ACCT 3753 as junior senior business electives in their junior year. Energy Finance students will also be involved in the management of the David Carter Adams Energy Sector student managed investment fund and participate in the premiere Energy Risk Professional (ERP) certification program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Sp, Su, Fa)23  
MATH 2053 Finite Mathematics (Sp, Su, Fa)23  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Sp, Su, Fa)23  
WCOB 1111 Freshman Business Connection (Fa)21  
BLAW 2013 The Legal Environment of Business (Sp, Su, Fa)13  
ISYS 1120 Computer Competency Requirement (Sp, Su, Fa)0  
U.S. History or Political Science - University Cor3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Sp, Su, Fa)2  3
ACCT 2013 Accounting Principles (Sp, Su, Fa)2  3
WCOB 1033 Data Analysis and Interpretation (Sp, Su, Fa)2  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Sp, Su, Fa)2  3
GEOS 1133 Earth Science (ACTS Equivalency = GEOL 1124 Lecture) (Sp, Fa)
& GEOS 1131L Earth Science Laboratory (ACTS Equivalency = GEOL 1124 Lab) (Sp, Fa)
  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II (Sp, Su, Fa)23  
ISYS 2103 Business Information Systems (Sp, Su, Fa)13  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Sp, Su, Fa)23  
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Sp, Su, Fa)23  
Social Science - University Core3  
SCMT 2103 Introduction to Supply Chain Management (Sp, Fa)1  3
MGMT 2103 Managing People and Organizations (Sp, Su, Fa)1  3
FINN 3043 Principles of Finance (Sp, Su, Fa)  3
Fine Arts/Humanities - University Core1  3
Natural Science - University Core1  4
Year Total: 15 16
 
Third YearUnits
FallSpring
MKTG 3433 Introduction to Marketing (Sp, Su, Fa)13  
FINN 3013 Financial Analysis (Sp, Su, Fa)3  
GEOS 4253 Petroleum Geology (Fa)3  
FINN 3103 Financial Modeling (Sp, Su, Fa)3  
ACCT 3723 Intermediate Accounting I (Sp, Fa)3  
FINN 3053 Financial Markets and Institutions (Sp, Su, Fa)  3
ACCT 3753 Intermediate Accounting II (Sp)  3
FINN 4173 Energy Finance (Sp, Fa)  3
MGMT 3013 Strategic Management (Sp, Su, Fa)  3
Fine Arts/Humanities - University Core  3
Year Total: 15 15
 
Fourth YearUnits
FallSpring
FINN 3703 International Finance (Sp, Su, Fa)3  
ACCT 449V Special Topics in Accounting (Irregular)3  
Junior Senior Business Elective3  
Finance Elective3  
General Education Elective3  
Junior Senior Business Elective  3
Finance Elective  3
General Education Electives  6
Year Total: 15 12
 
Total Units in Sequence:  120

Finance Major with Financial Management/Investment Concentration

Finance Major Requirements

Major Course Requirements
FINN 3013Financial Analysis (Sp, Su, Fa)3
FINN 3053Financial Markets and Institutions (Sp, Su, Fa)3
FINN 3703International Finance (Sp, Su, Fa)3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives12
Concentration hours15
Total Hours36

Financial Management/Investment Concentration 

FINN 3103Financial Modeling (Sp, Su, Fa)3
Plus one of the following options:6
Option 1: Any two of the four courses listed below:
Investments (Sp, Su, Fa)
Corporate Finance (Sp, Su, Fa)
Advanced Investments (Sp, Fa)
Advanced Corporate Finance (Irregular)
Option 2:
Portfolio Management I (Fa)
Portfolio Management II (Sp)
Option 3:
Fixed Income Securities I (Fa)
Fixed Income Securities II (Sp)
Any two of the following courses, which are highly recommended, satisfy the 6-credit-hour interdisciplinary requirement in the finance major:6
Accounting
Intermediate Accounting I (Sp, Fa)
Intermediate Accounting II (Sp)
Economics
Experimental Economics (Fa)
Information Systems
Principles of Information Systems (Sp, Fa)
ERP Fundamentals (Sp, Fa)
Management
Entrepreneurship and New Venture Development (Sp, Fa)
Small Enterprise Management (Sp)
Marketing
Consumer Behavior (Sp, Fa)
Marketing Research (Sp, Fa)
Supply Chain Management
Supply Management (Sp, Fa)
Advanced Inventory Management and Forecasting (Sp, Fa)
Total Hours15

Finance B.S.B.A. with Financial Management and Investment Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Sp, Su, Fa)3  
MATH 2053 Finite Mathematics (Sp, Su, Fa)3  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Sp, Su, Fa)3  
WCOB 1111 Freshman Business Connection (Fa)1  
BLAW 2013 The Legal Environment of Business (ACTS Equivalency = BLAW 2003) (Sp, Su, Fa)13  
ISYS 1120 Computer Competency Requirement (Sp, Su, Fa)0  
U.S. History or Political Science - University Core3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Sp, Su, Fa)  3
ACCT 2013 Accounting Principles (Sp, Su, Fa)  3
WCOB 1033 Data Analysis and Interpretation (Sp, Su, Fa)  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Sp, Su, Fa)  3
Natural Science - University Core  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II (Sp, Su, Fa)3  
ISYS 2103 Business Information Systems (Sp, Su, Fa)13  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Sp, Su, Fa)23  
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Sp, Su, Fa)23  
Social Science - University Core3  
SCMT 2103 Introduction to Supply Chain Management (Sp, Fa)  3
MGMT 2103 Managing People and Organizations (Sp, Su, Fa)1  3
FINN 3043 Principles of Finance (Sp, Su, Fa)1  3
Fine Art/Humanities - University Core  3
Natural Science - University Core  4
Year Total: 15 16
 
Third YearUnits
FallSpring
MKTG 3433 Introduction to Marketing (Sp, Su, Fa)13  
FINN 3013 Financial Analysis (Sp, Su, Fa)3  
FINN 3103 Financial Modeling (Sp, Su, Fa)3  
Junior Senior Business Elective3  
Fine Arts/Humanities - University Core3  
FINN 3053 Financial Markets and Institutions (Sp, Su, Fa)  3
Finance or Interdisciplinary Elective  3
MGMT 3013 Strategic Management (Sp, Su, Fa)  3
Junior Senior Business Electives  3
General Education Elective  3
Year Total: 15 15
 
Fourth YearUnits
FallSpring
Finance Option Class3  
Junior Senior Business Electives6  
General Education Electives3  
FINN 3703 International Finance (Sp, Su, Fa)  3
Finance Option Class4  3
Finance or Interdisciplinary Elective  3
General Education Electives  6
Year Total: 12 15
 
Total Units in Sequence:  120
1

Must be completed prior to MGMT 3013.

2

Must be completed prior to taking any 3000 or 4000 level business classes.

3

If student selects Option 2 (FINN 4143 and FINN 4153) under the Financial Management concentration, they must take ACCT 3723 as a junior/senior business elective in Fall of their junior year, FINN 3063 as either a junior/senior business elective or a finance/interdisciplinary elective in Spring of their junior year. If student selects Option 3 (FINN 3163 and FINN 3173) they must take FINN 3063 as either a junior/ senior business elective or a finance/interdisciplinary elective in their junior year.

Finance Major with Insurance Concentration

Finance Major Requirements

Major Course Requirements
FINN 3013Financial Analysis (Sp, Su, Fa)3
FINN 3053Financial Markets and Institutions (Sp, Su, Fa)3
FINN 3703International Finance (Sp, Su, Fa)3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives12
Concentration hours15
Total Hours36

Insurance Concentration 

FINN 3623Risk Management (Sp, Fa)3
FINN 4733Life and Health Insurance I (Fa)3
FINN 4833Property and Casualty Insurance I (Sp)3
Any two of the following courses, which are highly recommended, satisfy the 6-credit-hour interdisciplinary requirement in the finance major:6
Accounting
Intermediate Accounting I (Sp, Fa)
Intermediate Accounting II (Sp)
Economics
Experimental Economics (Fa)
Information Systems
Principles of Information Systems (Sp, Fa)
ERP Fundamentals (Sp, Fa)
Management
Entrepreneurship and New Venture Development (Sp, Fa)
Small Enterprise Management (Sp)
Marketing
Consumer Behavior (Sp, Fa)
Marketing Research (Sp, Fa)
Supply Chain Management
Supply Management (Sp, Fa)
Advanced Inventory Management and Forecasting (Sp, Fa)
Total Hours15

Finance B.S.B.A. with Insurance Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Sp, Su, Fa)3  
MATH 2053 Finite Mathematics (Sp, Su, Fa)3  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Sp, Su, Fa)3  
WCOB 1111 Freshman Business Connection (Fa)1  
BLAW 2013 The Legal Environment of Business (ACTS Equivalency = BLAW 2003) (Sp, Su, Fa)13  
ISYS 1120 Computer Competency Requirement (Sp, Su, Fa)0  
U.S. History or Political Science - University Core3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Sp, Su, Fa)  3
ACCT 2013 Accounting Principles (Sp, Su, Fa)  3
WCOB 1033 Data Analysis and Interpretation (Sp, Su, Fa)  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Sp, Su, Fa)  3
Natural Science - University Core  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II (Sp, Su, Fa)3  
ISYS 2103 Business Information Systems (Sp, Su, Fa)13  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Sp, Su, Fa)23  
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Sp, Su, Fa)23  
Fine Art/Humanities - University Core3  
SCMT 2103 Introduction to Supply Chain Management (Sp, Fa)  3
MGMT 2103 Managing People and Organizations (Sp, Su, Fa)1  3
FINN 3043 Principles of Finance (Sp, Su, Fa)1  3
Fine/Arts Humanities - University Core  3
Natural Science - University Core  4
Year Total: 15 16
 
Third YearUnits
FallSpring
MKTG 3433 Introduction to Marketing (Sp, Su, Fa)13  
FINN 3013 Financial Analysis (Sp, Su, Fa)3  
FINN 3623 Risk Management (Sp, Fa)3  
General Education Electives3  
FINN 3053 Financial Markets and Institutions (Sp, Su, Fa)  3
FINN 4833 Property and Casualty Insurance I (Sp)  3
MGMT 3013 Strategic Management (Sp, Su, Fa)  3
Junior/Senior Business Electives  3
General Education Electives  3
Year Total: 12 15
 
Fourth YearUnits
FallSpring
FINN 3703 International Finance (Sp, Su, Fa)3  
FINN 4733 Life and Health Insurance I (Fa)3  
Junior Senior Business Electives6  
General Education Elective3  
Finance or Interdisciplinary Electives  6
Junior Senior Business Elective  3
Fine Arts/Humanities - University Core  3
General Education Electives  3
Year Total: 15 15
 
Total Units in Sequence:  120
1

Must be completed prior to MGMT 3013.

2

Must be completed prior to taking any 3000 or 4000 level courses.

Finance Major with Real Estate Concentration

Finance Major Requirements

Major Course Requirements
FINN 3013Financial Analysis (Sp, Su, Fa)3
FINN 3053Financial Markets and Institutions (Sp, Su, Fa)3
FINN 3703International Finance (Sp, Su, Fa)3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives12
Concentration hours15
Total Hours36

Real Estate Concentration 

FINN 3933Real Estate Principles (Sp, Fa)3
FINN 4413Real Estate Appraisal (Fa)3
FINN 4433Real Estate Finance and Investment (Sp)3
Any two of the following courses, which are highly recommended, satisfy the 6-credit-hour interdisciplinary requirement in the finance major:6
Accounting
Intermediate Accounting I (Sp, Fa)
Intermediate Accounting II (Sp)
Economics
Experimental Economics (Fa)
Information Systems
Principles of Information Systems (Sp, Fa)
ERP Fundamentals (Sp, Fa)
Management
Entrepreneurship and New Venture Development (Sp, Fa)
Small Enterprise Management (Sp)
Marketing
Consumer Behavior (Sp, Fa)
Marketing Research (Sp, Fa)
Supply Chain Management
Supply Management (Sp, Fa)
Advanced Inventory Management and Forecasting (Sp, Fa)
Total Hours15

Finance B.S.B.A. with Real Estate Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Sp, Su, Fa)3  
MATH 2053 Finite Mathematics (Sp, Su, Fa)3  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Sp, Su, Fa)3  
WCOB 1111 Freshman Business Connection (Fa)1  
BLAW 2013 The Legal Environment of Business (ACTS Equivalency = BLAW 2003) (Sp, Su, Fa)13  
ISYS 1120 Computer Competency Requirement (Sp, Su, Fa)0  
U.S. History or Political Science - University Core3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Sp, Su, Fa)  3
ACCT 2013 Accounting Principles (Sp, Su, Fa)  3
WCOB 1033 Data Analysis and Interpretation (Sp, Su, Fa)  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Sp, Su, Fa)  3
Natural Science - University Core  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II (Sp, Su, Fa)3  
ISYS 2103 Business Information Systems (Sp, Su, Fa)13  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Sp, Su, Fa)23  
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Sp, Su, Fa)23  
Social Science - University Core3  
SCMT 2103 Introduction to Supply Chain Management (Sp, Fa)  3
MGMT 2103 Managing People and Organizations (Sp, Su, Fa)  3
FINN 3043 Principles of Finance (Sp, Su, Fa)1  3
Fine Art/Humanities - University Core  3
Natural Science - University Core  4
Year Total: 15 16
 
Third YearUnits
FallSpring
MKTG 3433 Introduction to Marketing (Sp, Su, Fa)13  
FINN 3013 Financial Analysis (Sp, Su, Fa)3  
FINN 3933 Real Estate Principles (Sp, Fa)3  
Fine Arts/Humanities - University Core3  
FINN 3053 Financial Markets and Institutions (Sp, Su, Fa)  3
FINN 4433 Real Estate Finance and Investment (Sp)  3
MGMT 3013 Strategic Management (Sp, Su, Fa)  3
Junior Senior Business Electives  3
General Education Elective  3
Year Total: 12 15
 
Fourth YearUnits
FallSpring
FINN 3703 International Finance (Sp, Su, Fa)3  
FINN 4413 Real Estate Appraisal (Fa)3  
Junior Senior Business Electives6  
General Education Elective3  
Finance or Interdisciplinary Elective  6
Junior Senior Business Elective  3
General Education Elective  6
Year Total: 15 15
 
Total Units in Sequence:  120
1

Must be completed prior to MGMT 3013.

2

Must be completed prior to taking any 3000 or 4000 level business courses.

Finance Minors for Business Students

The Department of Finance offers two minor options for Walton College students in the areas of Banking/Financial Management/ Investment and Insurance/Real Estate. The minors require completion of 15 hours of study with all of the upper level courses applied toward the minor taken in residence. The 15 hours include the following options and courses:

1. Banking/Financial Management/Investment 15
Financial Analysis (Sp, Su, Fa)
Select two of the following:
Financial Markets and Institutions (Sp, Su, Fa)
Financial Modeling (Sp, Su, Fa)
International Finance (Sp, Su, Fa)
Select two of the following:
Investments (Sp, Su, Fa)
Commercial Banking (Sp, Fa)
Corporate Finance (Sp, Su, Fa)
Advanced Investments (Sp, Fa)
Advanced Corporate Finance (Irregular)
Advanced Commercial Banking (Sp)
Total Hours15
2. Insurance/Real Estate15
Select five of the following:
Personal Financial Management (Sp, Fa)
Risk Management (Sp, Fa)
Life and Health Insurance I (Fa)
Property and Casualty Insurance I (Sp)
Real Estate Principles (Sp, Fa)
Real Estate Appraisal (Fa)
Real Estate Finance and Investment (Sp)
Total Hours15

Students who desire to earn a Finance minor must notify the Walton College Undergraduate Programs Office of their intent to pursue a minor. All requirements for a minor must be completed prior to the awarding of the student’s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor.

Courses

FINN 1003. Your Money and Credit (Sp, Su, Fa). 3 Hours.

Introduction to personal finance. Topics include building wealth, do's and don'ts of credit, car and home ownership. Lectures on theory and concepts; 'learning from the masters' video on best practices; financial simulations and case exercises.

FINN 3003. Personal Financial Management (Sp, Fa). 3 Hours.

Topics covered include budgeting, financial planning, managing credit, taxes, insurance, investments, and retirement planning.

FINN 3013. Financial Analysis (Sp, Su, Fa). 3 Hours.

Focuses on how information contained in financial statements can be used in financial decision-making; in particular, to assess financial performance, evaluate credit and default risk, forecast future funds needs, weigh the risk-reward of debt vs. equity financing, and develop estimates of intrinsic value using relative valuation metrics and discounted cash flow methods. Prerequisite: WCOB 2043 or FINN 3043.

FINN 3043. Principles of Finance (Sp, Su, Fa). 3 Hours.

Introduction to the financial system and financial management. Addresses the role and functions of financial intermediaries and markets for fixed income and equity securities; understand how interest rates are determined and assets valued; learn how firms effectively manage financial resources and create value through investment and financing decisions. Prerequisite: ACCT 2013, ACCT 2023 or WCOB 2053, ECON 2013, ECON 2023, and WCOB 1033 with a grade of C or better.

FINN 3053. Financial Markets and Institutions (Sp, Su, Fa). 3 Hours.

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.

FINN 3063. Investments (Sp, Su, Fa). 3 Hours.

Introduction to basic investment concepts including: risk-return and mean-variance efficient frontiers, diversification and the pricing of risk, security valuation. Corequisite: FINN 3013. Prerequisite: WCOB 2043 or FINN 3043.

FINN 3103. Financial Modeling (Sp, Su, Fa). 3 Hours.

Develop strong computer skills in financial analysis by integrating conceptual material with spreadsheet-based numerical solution and simulation techniques. Prerequisite: WCOB 2043 or FINN 3043.

FINN 3133. Commercial Banking (Sp, Fa). 3 Hours.

Commercial bank administration, management; loans; bond portfolios; credit analysis; public relations; analysis and interpretations of Federal Reserve regulations and publications. Prerequisite: WCOB 2043 or FINN 3043.

FINN 3163. Fixed Income Securities I (Fa). 3 Hours.

The markets and institutional settings of fixed income securities; valuation and risk analysis of money market and capital market instruments; strategies and management of bond portfolios; taxable and tax-exempt securities; U.S. and non-U.S. fixed income securities; term structure of interest rate; and interest rate derivatives as hedging tools. Corequisite: FINN 3103 and FINN 3063. Prerequisite: Departmental consent.

FINN 3173. Fixed Income Securities II (Sp). 3 Hours.

Continuation of FINN 4163. The markets and institutional settings of fixed income securities; valuation, and risk analysis of money market and capital market instruments; strategies and management of bond portfolios; taxable and tax-exempt securities; U.S. and non-U.S. fixed income securities; term structure of interest rate; and interest rate derivatives as hedging tools. Prerequisite: FINN 3163.

FINN 3603. Corporate Finance (Sp, Su, Fa). 3 Hours.

Develop analytical competencies in financial planning, cost of capital estimation, application of discounted cash flow approach to valuation and capital allocation, lease analysis, evaluation of merger and organizational restructuring strategies. Prerequisite: WCOB 2043 or FINN 3043 and FINN 3013.

FINN 3623. Risk Management (Sp, Fa). 3 Hours.

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.

FINN 3703. International Finance (Sp, Su, Fa). 3 Hours.

Introduction to international financial markets, exchange rates and exchange rate determination, balance of trade measures, and vehicles for foreign trade financing.

FINN 3933. Real Estate Principles (Sp, Fa). 3 Hours.

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.

FINN 4003H. Honors Finance Colloquium (Fa). 3 Hours.

Explores important concepts, significant events and/or new developments in the field of Finance. Prerequisite: Senior standing.

FINN 4013. Seminar in Personal Financial Planning (Sp). 3 Hours.

Explores financial planning function, including contact, data acquisition, plan development and implementation; covers all areas of personal financial planning including investments, insurance, taxes, and estate planning; addresses planning techniques and financial planning ethical issues; emphasis on case studies. Pre- or Corequisite: FINN 4733. Prerequisite: FINN 3003, FINN 3063, FINN 3623, and ACCT 3843.

FINN 410V. Special Topics in Finance (Irregular). 1-6 Hour.

Explore current events, new developments and special topics in Finance not covered in other courses. Prerequisite: FINN 3013. May be repeated for up to 6 hours of degree credit.

FINN 4133. Advanced Investments (Sp, Fa). 3 Hours.

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: FINN 3063.

FINN 4143. Portfolio Management I (Fa). 3 Hours.

This course applies modern investment theory to the practical management of the Rebsament Trust. Students prepare a statement of investment objectives, recommend an asset allocation strategy based on a quantitative analysis of asset class returns, and select securities using fundamental analysis. Classes are organized as management meetings and visits to investment firms are an important part of the class. Application, interview and instructor approval are required. Corequisite: FINN 3063 and ACCT 3723. Prerequisite: Departmental consent.

FINN 4153. Portfolio Management II (Sp). 3 Hours.

This course is a continuation of FINN 4143. Topics covered include technical analysis, dynamic asset allocation and derivative strategies. Visits to major investments firms and organized exchanges in New York City or other locations are generally planned. Selection is by invitation. Prerequisite: FINN 4143 and by invitation only.

FINN 4173. Energy Finance (Sp, Fa). 3 Hours.

This course is as a comprehensive introduction to the field of Energy Finance, i.e., the application of Finance principles to energy, energy-service, and related industries. Topics covered include: (1) physical fossil fuel markets; (2) physical electricity markets; (3) financially traded energy products; and (4) credit, counterparty, and country risk. Pre- or Corequisite: ACCT 3723. Prerequisite: FINN 3013 and FINN 3043.

FINN 4233. Advanced Corporate Finance (Irregular). 3 Hours.

Addresses complex and multifaceted issues and problems in financial decision-making. Prerequisite: FINN 3603.

FINN 4313. Advanced Commercial Banking (Sp). 3 Hours.

Problems and cases emphasizing application of analytical tools and 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; and evaluation of bank performance. Prerequisite: FINN 3133.

FINN 4413. Real Estate Appraisal (Fa). 3 Hours.

Valuation theories applied to real estate. Characteristics which affect value are studied and valuation methodologies are learned and performed by the students. Focus is on residential real estate but all types of real estate are addressed. Students prepare in actual residential appraisal report. Prerequisite: FINN 3933.

FINN 4433. Real Estate Finance and Investment (Sp). 3 Hours.

Consideration of professional aspects of the real estate field. Emphasis is placed upon finance techniques and investment analysis. The focus is on commercial real estate. Brokerage, property management, appraisal, property development and current problems are also addressed. Students prepare a feasibly study on a commercial development project. Prerequisite: FINN 3933.

FINN 450V. Independent Study (Irregular). 1-3 Hour.

Permits students on an individual basis to explore selected topics in finance, with the consent of instructor.

FINN 4733. Life and Health Insurance I (Fa). 3 Hours.

Basic principles, functions, uses of life and health insurance; types of policy contracts; calculation of premiums, reserves; organizations, management, supervision, of companies.

FINN 4833. Property and Casualty Insurance I (Sp). 3 Hours.

Forms and functions of fire, marine, inland marine, automobile title, miscellaneous types insurance and bonds for business, personal use.

John Andrew Dominick, Professor, J.W. Bellamy Chair of Banking and Finance
Nelson G. Driver, Instructor
Douglas P. Hearth, Associate Professor
Hung-Chia Scott Hsu, Assistant Professor
Tomas Jandik, Professor, Edward W. and Anna Reed Professorship in Finance
Wayne Y. Lee, Professor, Alice L. Walton Chair in Finance, Garrison Chair in Finance
Pu Liu, Professor, Harold Dulan Chair in Capital Formation, Robert E. Kennedy Chair in Finance
Alexey Malakhov, Associate Professor
Noel Morris, Instructor
Craig Rennie, Associate Professor, Clete and Tammy Brewer Professorship in Business
Mark E. Risk, Instructor
Corbitt Stace Sirmans, Assistant Professor
Chris Tompkins III, Instructor
Jim Webster, Instructor
Timothy J. Yeager, Professor, Arkansas Bankers Association Chair in Banking