Below is a suggested curriculum which provides a course structure designed to prepare those interested in applying to the Finance Honors Program in the winter quarter of their junior year.
||Focal Point Seminar
||Global Bus. Persp.
||ACC 307-H (OE)|
||Jr. Yr. Exp. Learning
||FIN 396-H (2 hrs)|
||WRD 202 (2 hrs)
||FIN 202 (2 hrs)
||ACC 309-H (OE)
||Open Elective (2 hrs)|
||FIN 396-H (continued)
||FIN 396-H (continued)
Candidates for the honors program may take FIN 310 and FIN 320 during their junior year. FIN 311 and FIN 330 are included in the honors curriculum and should not be taken before entering the honors program. Students are urged to complete FIN 310 during the autumn term of their junior year, and to complete FIN 320 and FIN 202 during the winter quarter of their junior year. Students who take FIN 310 during the winter quarter may be accepted into the honors program contingent upon earning a minimum grade of B+ in FIN 310. Students who are accepted on a contingent basis, but who fail to meet the FIN 310 B+ standard, will not be permitted to participate in the honors program. Honors students who have not completed FIN 320 and FIN 202 before the spring quarter may be granted permission to take FIN 320 during the spring quarter and FIN 202 during the summer. Both courses must be completed before the following autumn quarter. Students who do not complete both courses before the autumn quarter will not be permitted to continue in the honors program.
The cohort instruction begins in the spring and ends the following winter. The finance courses and accounting courses will be taught in the afternoon once per week, or on Friday mornings, in three hour sessions. The seminar course is a two credit hour course that will meet over the spring, autumn, and winter terms every other Wednesday afternoon. All honors students will take all classes at the scheduled times. There are no exceptions.
The classes reserved exclusively for honors students are the following:
Spring Quarter (Junior Year)
Autumn Quarter (Senior Year)
Winter Quarter (Senior Year)
During the program, honors students are required to stay enrolled in the two hour Honors Seminar, FIN 396.
Carl Luft, Ph.D.
Director, Honors Program
Department of Finance
312-362-8826 or 312-362-8428
FINANCIAL REPORTING I FOR FINANCE HONORS STUDENTS
Financial Reporting I includes a study of U.S. and international accounting standards, the concepts of accounting and basic financial statements. Accounting for cash, receivables, inventories, depreciable assets and investments will also be examined. This course takes a user of financial statements, rather than a preparer of financial statements, point of view.
ACC 101, ACC 102 and status as a Finance Honors student are a prerequisite for this class.
The goal of the course is to provide students with the basic tools and theoretical background necessary to understand the corporate financial decision making process. Emphasis is on valuation principles with application to bonds, stocks, and capital budgeting as well as issues involving the capital structure, working capital, and dividend policy.
FIN 310 is a prerequisite for this class.
INVESTMENTS: THEORY & PRACTICE
Investment principles and problems. Development of the student's perception of risks and opportunities in investment instruments and markets; description of the markets and their operations; effects of current financial events upon the various markets.
FIN 202 and 320 are a prerequisite for this class.
This is a required course for all Honors Students in Finance. It is conducted on a year-long basis (Fall, Winter & Spring) for the benefit of the students in the program. Participants are required to attend all events sponsored by the class conductor. These include, but are not limited to, distinguished speakers series, networking luncheons, current topics forums, communications and protocol workshops, field trips and community service programs. All students are required to complete an empirical analysis paper, utilizing databases available to the department, as assigned by the seminar's conductor.
Status as an Honors Finance student is a prerequisite for this class.
FINANCIAL REPORTING II FOR FINANCE HONORS STUDENTS
Financial Reporting II focuses on researching accounting issues, revenue recognition and financial statement analysis. The course also provides an understanding of complex issues such as accounting for investments, long term liabilities, derivatives, contributed capital, retained earnings and earnings per share.
ACC 307 and status as a Finance Honors student are a prerequisite for this class.
FINANCIAL STATEMENTS ANALYSIS
Corporate performance and its effects on outstanding securities. Evaluation and interpretation of financial soundness of an enterprise. Economic, management and corporate financial factors as they affect specific security issues.
FIN 311 is a prerequisite for this class.
Theories and techniques of risk management that employ statistical techniques which enhance risk decision-making. This course develops a framework of analysis that can be applied by corporate or investment risk managers.
FIN 320 is a prerequisite for this class.
This course will focus on the use of EXCEL in implementing financial theory to solve practical, real world problems in finance.
FIN 311 and FIN 330 are a prerequisite for this class.
CASES IN FINANCIAL DECISION MAKING
This is the capstone course for students majoring in Finance. The course applies the case study methodology to hone the student's analytical skills with applied finance issues, as well as to further develop verbal and written communication skills, the ability to work effectively within teams, as well reasoned debate. This course will provide students the opportunity to apply and integrate the knowledge acquired in their previous finance courses.
FIN 311, FIN 330, FIN 333, FIN 362 and WRD 202 are a prerequisite for this class.