Finance
Create and Manage Value
In the Finance Diploma Program you gain knowledge in one of the most complex and important areas of business management. You explore the time value of money, capital budgeting, measurements of business performance, and other financial concepts in depth. You also examine mergers and acquisitions, risk management, and financial restructuring. Study of trade finance, the unique challenges of international financial management, and the international monetary system provide you with insights into financial and decision-making techniques you can apply worldwide. This rigorous program is ideal preparation for an M.B.A. program, work in the financial world, or managing your own company.
Finance courses
Financial Accounting: A User's Perspective is designed to introduce students to the assumptions, principles, and practice of financial accounting. This course consists of a mix of descriptive material, financial accounting rules, and the application of these rules to various business situations. By the end of the course, you will be able to
- describe fundamental concepts with respect to accounting theory and practice
- analyze financial statements for a business
- apply appropriate depreciation methods to a given set of data for both fixed (long-lived) and intangible assets
Basic Corporate Finance provides you with a foundation for understanding how value is created and measured in corporations. Reading assignments and small-group work allow you to
- understand the tools financial managers use to make effective investing and financing decisions
- define various cost terms, concepts, and classifications
- apply time value of money, risk and return, cost of capital, and other key concepts to class projects
Intermediate Corporate Finance reviews security valuation and the cost of capital components, which leads to an in-depth analysis of the cost of capital. By the end of this course, you will be able to
- determine the costs of different types of capital
- interpret and analyze the role of risk in corporate finance decisions
- use, interpret, and analyze the various models of a firm's optimal capital structure
Investment Portfolio Management teaches you how to apply the latest techniques in portfolio analysis and management. When you complete this course, you will be able to
- analyze bonds and bond portfolios
- evaluate investment managers using current portfolio theory
- build a portfolio that reflects appropriate risk for clients
International Finance provides you with the tools to address the risks and opportunities that changes in exchange rates create and how to use international markets as sources of financing. At the end of the course, you will be able to
- understand the operation of international capital markets and the characteristics of alternative sources of medium- and long-term financing
- forecast exchange rates based on the relationships between spot rates, forward rates, inflation rates, and interest rates
- construct an integrated exchange risk program
Business Valuation incorporates economic, accounting, and relative value models to pricing projects, private firms, and public companies. Through conceptual analysis and examples, you learn the strengths, weaknesses, and applications of these tools. By the end of this course, you will be able to
- derive valuation of projects or stand-alone companies using a variety of techniques
- analyze and judge valuation-based recommendations
- understand cash-flow-based forecasts and their implications in business
Applied Corporate Finance demonstrates that the development of a firm's financial policies and strategies is a complex task involving numerous factors, some of which are within management's control, some of which are only partially controlled by management, and some of which are outside management's control. To complete this course, you must
- read all assigned chapters in the text
- work all assigned questions/problems in the text
- refresh your understanding of financial principles and techniques whenever appropriate
Workshops and seminars play a large role in the Finance Diploma Program. Topics such as economics, financial modeling with Excel, and risk analysis provide you with an opportunity to further develop your analytical skills. You gain knowledge in one of the most complex and important areas of business management. The rigorous nature of this program makes it an ideal preparation for an M.B.A. program. It also provides you with a solid foundation for managing your own company.
Program Prerequisites
To enroll in this program, you should have completed study of accounting, statistics, or economics, and have one to two years of substantial work experience.