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Old Dominion University

2013-2014 Catalog

Bachelor of Science in Business Administration - Finance Major

Mohammed Najand, Chair
John Griffith, Chief Departmental Advisor

The financial management major comprises four tracks: finance, personal financial planning, real estate, and risk management and insurance. All satisfy the requirements listed below under one of the tracks. Finance graduates are qualified for corporate financial management positions such as financial analysts, capital budgeting managers, credit managers, or cash control and risk managers; portfolio management positions like securities analysts, account executives, or portfolio manager/analysts; bank management positions include lending officers, marketing officers, or loan analysts; or entrepreneurs running their own businesses. Real estate graduates are employed as appraisers, sales and leasing agents, property managers, developers, and lending officers. Risk management and insurance graduates become underwriters, claims adjusters, and sales managers.

Finance Major Course Work

FIN 317Principles of Insurance and Risk Management3
or FIN 319 Principles of Real Estate
FIN 435International Financial Management 3
FIN 431Investments 3
FIN 432Intermediate Financial Management 3
FIN 439Financial Decision Making 3
Major Electives9
Select one of the following:
Introduction to Futures and Options
Management of Financial Institutions
Selected Topics in Finance
Intermediate Accounting I
Managerial Accounting
Money and Banking
Select two of the following:
Principles of Insurance and Risk Management
Principles of Real Estate
Cooperative Education
Finance, Real Estate and Insurance Internship
Finance, Real Estate and Insurance Internship
Life and Health Insurance
Employee Benefit Planning
Property & Liability Insurance Company Operations
Risk Analysis and Control
Introduction to Futures and Options
Management of Financial Institutions
Real Estate Finance
Real Estate Investment Analysis
Selected Topics in Finance
Public Economics
Urban Economics
International Economics
Intermediate Accounting I
Managerial Accounting
Free Elective3
200-400 Level Business Elective *3
300-400 Level Business Elective **3
Total Hours33

*

Can be any 200-400 level course offered by the College of Business and Public Administration except ECON 200S, providing that the student has the appropriate prerequisites.

**

Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites.

Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:

FIN 317Principles of Insurance and Risk Management3
or FIN 319 Principles of Real Estate
FIN 435International Financial Management3
FIN 431Investments3
FIN 432Intermediate Financial Management3
FIN 439Financial Decision Making3
FIN Electives9

Finance major, Personal Financial Planning track course work

FIN 210SPersonal Financial Literacy3
FIN 317Principles of Insurance and Risk Management3
FIN 411Employee Benefit Planning3
FIN 414Estate Planning3
FIN 415Capstone in Financial Plan Development3
FIN 431Investments3
FIN 435International Financial Management3
ACCT 421Taxation3
Select two of the following Major Electives:6
Principles of Real Estate
Cooperative Education
Finance, Real Estate and Insurance Internship
Finance, Real Estate and Insurance Internship
Life and Health Insurance
Property & Liability Insurance Company Operations
Introduction to Futures and Options
Real Estate Investment Analysis
Federal Income Taxation of Individuals and Business Entities
Free Elective3
Total Hours33

Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:

FIN 210SPersonal Financial Literacy3
FIN 317Principles of Insurance and Risk Management3
FIN 411Employee Benefit Planning3
FIN 414Estate Planning3
FIN 415Capstone in Financial Plan Development3
FIN 431Investments3
FIN 435International Financial Management3
ACCT 421Taxation3
Major Electives6

Finance major, Real Estate track course work

FIN 319Principles of Real Estate 3
FIN 431Investments 3
FIN 435International Financial Management 3
FIN 450Real Estate Finance 3
FIN 451Real Estate Appraisal 3
FIN 454Real Estate Investment Analysis 3
Select two of the following Major Electives:6
Urban Economics
Principles of Insurance and Risk Management
Cooperative Education
Finance, Real Estate and Insurance Internship
Finance, Real Estate and Insurance Internship
Property & Liability Insurance Company Operations
Intermediate Financial Management
Management of Financial Institutions
Selected Topics in Finance
Sales Management
Marketing Research
Professional Selling and Negotiations
Organizational Behavior
Construction Planning and Scheduling
Construction Cost Estimating
Construction Project Management
Free Elective3
200-400 Level Business Elective *3
300-400 Level Business Elective **3
Total Hours33

*

Can be any 200-400 level course offered by the College of Business and Public Administration except ECON 200S, providing that the student has the appropriate prerequisites.

**

Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites.

Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:

FIN 319Principles of Real Estate3
FIN 431Investments3
FIN 435International Financial Management3
FIN 450Real Estate Finance3
FIN 451Real Estate Appraisal3
FIN 454Real Estate Investment Analysis3
Major Electives6

Finance major, Risk Management and Insurance track course work

FIN 317Principles of Insurance and Risk Management 3
FIN 435International Financial Management 3
FIN 413Risk Analysis and Control 3
FIN 443Seminar in Insurance and Risk Management 3
Select four of the following Major Electives12
Cooperative Education
Finance, Real Estate and Insurance Internship
Finance, Real Estate and Insurance Internship
Life and Health Insurance
Employee Benefit Planning
Property & Liability Insurance Company Operations
Investments
Introduction to Futures and Options
Management of Financial Institutions
Managerial Accounting
Free Elective3
200-400 Level Business Elective *3
300-400 Level Business Elective **3
Total Hours33

*

Can be any 200-400 level course except ECON 200S, offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites.

**

Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites.

Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:

FIN 317Principles of Insurance and Risk Management3
FIN 413Risk Analysis and Control3
FIN 435International Financial Management3
FIN 443Seminar in Insurance and Risk Management3
FIN Electives12

Financial Management, Real Estate, and Risk Management and Insurance Minors

A minor in financial management requires the completion of:

FIN 323Introductory Financial Management3
FIN 431Investments3
FIN 432Intermediate Financial Management3
Select two of the following:6
Introduction to Futures and Options
Management of Financial Institutions
International Financial Management
Financial Decision Making
Total Hours15

A minor in real estate requires the completion of:

FIN 319Principles of Real Estate3
FIN 450Real Estate Finance3
FIN 454Real Estate Investment Analysis3
Select two of the following:6
Investments
Real Estate Appraisal
Selected Topics in Real Estate
Total Hours15

A minor in risk management and insurance requires the completion of:

FIN 317Principles of Insurance and Risk Management3
FIN 413Risk Analysis and Control3
FIN 443Seminar in Insurance and Risk Management3
Select two of the following:6
Life and Health Insurance
Employee Benefit Planning
Property & Liability Insurance Company Operations
Investments
Total Hours15

For completion of a minor, the student must achieve a minimum overall cumulative grade point average of 2.00 in all finance courses required or allowed toward the minor exclusive of prerequisite courses and complete a minimum of six hours in upper-level courses in the minor requirement through courses offered by Old Dominion University.

FINANCE Courses

FIN 195. Topics. 3 Credits.

Study of selected topics.

FIN 210S. Personal Financial Literacy. 3 Credits.

This is an introductory course dealing with various aspects of individual financial decision making, with an emphasis on short- and long-term personal financial planning. The course uses scenarios, practical cases, and special projects to provide concrete applications of abstract concepts. Prerequisite: MATH 102M or MATH 103M.

FIN 317. Principles of Insurance and Risk Management. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. Recommended elective for nonbusiness as well as business majors. The primary focus of this introductory course is on evaluating life, health, retirement, property, liability and personnel exposures to loss and analyzing the methods for managing these risks. Risk management and insurance techniques for dealing with potential losses to individuals and organizations will be emphasized.

FIN 319. Principles of Real Estate. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. The fundamentals of real estate productivity and value are developed. Legal elements of real estate transactions, physical aspects of real estate location and production, and economic factors pertinent to real estate.

FIN 323. Introductory Financial Management. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: ACCT 201 or ACCT 226, ACCT 202 or ACCT 227, and ECON 202S, junior standing A declared major in the University or permission of the Dean's Office of the CBPA. Financial analysis, planning, and control in the business enterprise. An introduction to budgeting, problems in long- and short-term financing, sources of capital and financial markets.

FIN 331. Legal Environment of Business. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. Introduction to the legal environment of business, providing the student with an understanding of the nature of public law and the regulation of business and of the basic principles which control business practices.

FIN 333. The Legal Environment of Electronic Commerce. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisite: FIN 331, and a declared major in the University or permission of the Dean's Office of the CBPA. This course will focus on the identification and management of legal issues and problems that confront businesses taking part in the rapidly growing internet economy. Issues will include the establishment and protection of an online identity, electronic contracting, libel, product and firm disparagement, and unfair consumer practices.

FIN 367. Cooperative Education. 1-3 Credits.

1-3 credits (may be repeated for credit). Prerequisite: approval by the department and Career Management in accordance with the policy for granting credit for Cooperative Education programs and a declared major in the University or permission of the Dean's Office of the CBPA. Available for pass/fail grading only. (qualifies as a CAP experience).

FIN 368. Finance, Real Estate and Insurance Internship. 1-3 Credits.

1-3 credits. Prerequisite: a declared major in the University or permission of the Dean's Office of the CBPA. A transfer student must have completed one semester at Old Dominion University. Student participation in a professional work experience. Approval for enrollment and allowable credits is determined by the Finance CAP advisor and the Career Management Center in the semester prior to enrollment. (qualifies as a CAP experience).

FIN 369. Finance, Real Estate and Insurance Internship. 1-3 Credits.

1-3 credits. Prerequisites: a declared major in the University or permission of the Dean's Office of the CBPA. A transfer student must have completed one semester at Old Dominion University. A faculty supervised, professionally oriented project. Approval for enrollment and allowable credits is determined by the Finance CAP advisor. (qualifies as a CAP experience).

FIN 387. Honors: Introductory Financial Management. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: ACCT 201 or ACCT 226, ACCT 202 or ACCT 227, and ECON 202S and a declared major in the University or permission of the Dean's Office of the CBPA. A special honors section of FIN 323. Open only to students in the Honors Program in Business Administration.

FIN 388. Honors: Legal Environment of Business. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: a declared major in the University or permission of the Dean's Office of the CBPA. A special honors section of FIN 331. Open only to students in the Honors Program in Business Administration.

FIN 410. Life and Health Insurance. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. This course uses a broad-based financial planning approach in considering the nature and importance of individual life and health risks and uses of individual life and health insurance in treating these risks. The implications of various legal, tax, and accounting considerations on businesses and individuals are discussed. The course also provides an overview of the operational aspects of life insurers, including organization, underwriting, actuarial, reassurance, marketing, investment, taxation, and accounting functions. Cases are employed.

FIN 411. Employee Benefit Planning. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. This course considers the ability of group insurance and other private pooling mechanisms to alleviate the financial problems arising from death, disability, medical treatment and retirement. Primary emphasis on design, tax and administrative characteristics as they relate to employer-sponsored benefit programs.

FIN 412. Property & Liability Insurance Company Operations. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. The course provides a broad overview of the operational activities and current problems of property and liability insurance companies, including organization, regulation, pricing, underwriting, claims, reinsurance, marketing, investment, and accounting functions. Through course projects, students will also investigate the major commercial property and liability exposures, including emerging exposures, and the risk transfer of these exposures through insurance.

FIN 413. Risk Analysis and Control. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisites: FIN 317 or equivalent and a declared major in the University or permission of the Dean's Office of the CBPA. Recommended elective for nonbusiness as well as business majors. This course focuses on the risk analysis and control phases of the risk management process in business and governmental organizations. Particular attention is paid to the recognition, measurement, and treatment of pure risks, risk financing options other than commercial insurance, and decision making under conditions of uncertainty. Cases and computer analyses are employed.

FIN 414. Estate Planning. 3 Credits.

Lecture, 3 hours; 3 credits. Prerequisite: ACCT 421( or permission of instructor) and a declared major in the University or permission of the Dean's Office of the College of Business and PublicAdministration. This course is designed to provide students with a background in the field of estate planing. Topics will include wills and trusts, the probate system, estate and gift taxation, and fiduciary income taxation.

FIN 415. Capstone in Financial Plan Development. 3 Credits.

Lecture, 3 hours; 3 credits. Prerequisites: FIN 210S, FIN 317, FIN 411, FIN 431, and ACCT 421; and a declared major in the University of permission of the Dean's Office of the College of Business and Public Administration. Corequisite: FIN 414. This course is designed to provide students majoring in personal financial planning with the ability to integrate technical material from previous coursework and prepare a comprehensive financial plan. Emphasis will be on integrating knowledge, preparing a financial plan, and effectively communicating with a client. Case studies will be emphasized.

FIN 431. Investments. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. This course develops the financial tools and knowledge needed to select among alternative financial assets. The emphasis is on the individual investor. Real world experience includes stock analysis, portfolio simulations and interactions with professionals in the securities industry. (qualifies as a CAP experience).

FIN 432. Intermediate Financial Management. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and junior standing. Theoretical framework relevant to decision making in financial management; capital budgeting, capital structure, cost of capital, and working capital management.

FIN 433. Introduction to Futures and Options. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and 431 and a declared major in the University or permission of the Dean's Office of the CBPA. An introduction to the understanding of futures and options. Basic features and trading mechanisms; valuation of financial derivatives; methods of managing financial risk; arbitrage techniques; and speculation strategies.

FIN 434. Management of Financial Institutions. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. An examination of the objectives, functions, policies, organizational practices, and government regulations of financial institutions.

FIN 435. International Financial Management. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. Financial decision making involving flow and funds across national boundaries.

FIN 439. Financial Decision Making. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisite: FIN 432 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. Application of financial theory and techniques to the analysis and solution of actual financial problems. Case analysis.

FIN 441. Student Managed Investment Fund. 3 Credits.

This course is designed to provide students with experience managing an investment fund. The students will apply the theoretical knowledge of finance to manage a real portfolio. Prerequisite; FIN 431.

FIN 443. Seminar in Insurance and Risk Management. 3 Credits.

Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and at least two courses from FIN 340, 410, 411, 412, and 413, and a declared major in the University or permission of the Dean's Office of the CBPA. This course is designed as a capstone course for students concentrating in risk management and insurance. The class will read and discuss recent works concerning advanced topics in risk management and insurance. Additionally, students will work individually and in groups on projects and presentations related to current risk management and insurance problems of national and international significance.

FIN 450. Real Estate Finance. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Explores the different financing and ownership arrangements used in real estate transactions.

FIN 451. Real Estate Appraisal. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and FIN 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Economic theories of value applied to real estate as a guide to business decisions.

FIN 454. Real Estate Investment Analysis. 3 Credits.

Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and FIN 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Examination of developments in real estate valuation and investment with use of computer terminal models.

FIN 497. Selected Topics in Finance. 3 Credits.

3 credits. Prerequisite: permission of the department chair. For advanced students in financial management.

FIN 498. Selected Topics in Real Estate. 3 Credits.

3 credits. Prerequisite: permission of the department chair. For advanced students in real estate.

FIN 499. Selected Topics in Insurance. 3 Credits.

3 credits. Prerequisite: permission of the department chair. For advanced students in insurance.