B.B.A in Finance
The mission of the Finance programme is to educate students, at the undergraduate levels, to serve their organizations and society. We do that by teaching the concepts and tools necessary to understand the role of finance within organizations and society. We also do that by teaching our students to act in ways that enhance the value of the resources available to organizations and society. The undergraduate Finance Major exposes students to all three major branches of finance: investments, corporate, and financial institutions. It also assists students planning to sit for the CFA exam. Degree Requirements: A. General Education Requirements (51 credits) B. Courses required for the Business Core (42 credits) C. Courses required for the Major in Accounting (27 credits) D. Courses required for the Cognate (08 credits) TOTAL = (128 credits) Below is a cross-section of courses required for the successful completion of this programme.
- FNCE217 Principles of Finance
This course introduces students to financial markets, the concept of time value of money and principles of asset valuation. Issues such as determining a company’s optimal capital structure, an appropriate dividend policy and cost of capital will also be explored.
- FNCE321 Money and Banking
Commercial banking, the operation and controls of the Federal Reserve System, central bank money and credit in circulation, and the effect of monetary policies.
- FNCE381 Investments
This course explores the organization and regulation of security markets with an emphasis on security valuation of major asset classes such as equity and fixed income securities. Alternative investments such as commodities and investment vehicles- mutual funds, hedge funds and pension funds will also be investigated.
- FNCE401 Analysis of Financial Statements
An in-depth study of current financial reporting practices and accounting standards, analysis and interpretation of corporate financial statements namely income statements, balance sheets and cash flow statements as well as notes to the financial statements primarily through the use of financial ratios, utilizing text and selected cases.
- FNCE411 Real Estate Finance
Principles of real estate financing, with emphasis on residential markets, economics, governmental and location factors, financing, and real estate transactions.
- FNCE430 Public Finance
An investigation of the theoretical and practical economic impact of governmental activities. Popular arguments for and against government intervention are examined. Emphasis is placed on understanding how various interventions work and their impact particularly from a Caribbean perspective. At the end of this course, students will understand the rationale of government intervention and how fiscal policy can be formulated to increase efficiency and general wellbeing.