Finance

Course Descriptions

2360 Business Finance I
3 credit hours
Prerequisite: ECON 1201 and 1202; ACCT 2241 and MGSC 1205

A basic course in business finance introducing the student to the discipline and presenting financial analysis, working capital management, capital budgeting, the tax environment and the role of financial intermediaries. Microcomputers will be used to perform analyses.


3361 Business Finance II
3 credit hours
Prerequisite: FINA 2360 and MGSC 2207

A continuation from FINA 2360 covering cost of capital, capital mix, capital and money markets, dividend policy, financial instruments and mergers, consolidations and bankruptcy. Microcomputers will be used to perform analyses.


3362 Principles of Real Estate and Appraisal
3 credit hours
Prerequisite: FINA 3361 (or concurrently).

An introduction to the study of real estate investment analysis and valuation. The course relates financial and economic principles to the examination of investment and financing decisions in real estate and mortgage markets. Topics include a discussion of the unique characteristics of real estate assets and markets, the investment process, appraisal, financing and market analysis.


3364 Canadian Securities
3 credit hours
Prerequisite: FINA 2360 or permission of instructor.

The topics covered in this course include an overview of capital markets and the financial services industry; financial statement analysis; an overview of the Canadian economy; fixed income securities; equity securities; investment funds; derivatives; security analysis; financing, listing and regulation; financial planning and taxation issues; and portfolio management.  These topics are based on the curriculum of the Canadian Securities CourseTM (CSC).  Substantial additional fees are required for this course.


3826 – 3849 Special Topics in Finance
3 credit hours
Prerequisite: permission of instructor


3876 – 3899 Directed Study in Finance
3 credit hours
Prerequisite: permission of instructor.


4463 Financial Management
3 credit hours
Prerequisite: FINA 3361 and COMM 2293.

This course expands on the three basic corporate finance decisions: capital investment, capital structure and dividend policy. It also examines current practices in short and long-term financing as well as financial planning. Finally, the course examines issues in topics such as lease financing, mergers and acquisitions and hedging risk. Case studies may be utilized to apply different concepts and techniques learned in the class to real world problems.


4466 Investments
3 credit hours
Prerequisite: FINA 3361 and COMM 2293.

This course presents an overview of the Canadian investment environment. A framework is developed for assessing the merits of various securities that trade in the money and capital markets. Topics covered in this course include sources of financial information, Canadian market indicators, risk and return and market efficiency, the analysis of fixed income and equity securities, derivatives and margin trading on securities. A brief introduction to portfolio management is given. 


4467 Portfolio Management
3 credit hours
Prerequisite: FINA 4466 and COMM 2293.

A comprehensive analysis of the decision-making process of portfolio management. Major subject areas include the different types of funds, their objectives and performance evaluation; an analysis of the aggregate stock market, industry, and company; bond portfolio analysis and interest rate risk management.


4468 Financial Derivatives
3 credit hours
Prerequisite: FINA 4466 and COMM 2293.

This course provides a comprehensive analysis of the types of financial innovations taking place in the marketplace, focusing on derivative securities such as the futures, options, and swap markets. Topics covered include stock and index option strategies, currency options, and interest rate options; commodity futures; currency, interest rate, and commodity swaps. Applications to hedging strategies will be emphasized.


4470 Fixed Income Securities
3 credit hours
Prerequisite: FINA 4466 and COMM 2293.

This course provides a detailed analysis of the bond market and the instruments available therein. Although the emphasis is on North American securities, global portfolios are also examined. Bond valuation and bond portfolio strategies are covered in depth. Treasury securities, corporate bonds, municipal bonds, mortgages, mortgage backed securities, CMO’s and interest rate options are addressed.


4471 Financial Institutions
3 credit hours
Prerequisite: FINA 3361 and COMM 2293.

This course will deal with the structure and function of Canadian financial institutions such as: banks, brokers and investment banks, insurance companies and mutual funds. The role of each type of institution in the economy will be discussed as well as regulation of the industry. The main emphasis of the course will be on the institutions as businesses; their profit and risk structure.


4472 Computerized Portfolio Analysis
3 credit hours
Prerequisites: FINA 3361, COMM 2293 and ACCT 2242. 

This course will provide students with exposure to the use of various software packages in analyzing and tracking investment decisions. Emphasis will be on the gathering of financial and economic data, analysis of data in making investment decisions, and tracking and analyzing investment performance.  In addition to common tools such as spreadsheets, the course will make use of state-of-the art software currently used in the financial services industry.


4473  Current Trends in Capital Markets
3 credit hours
Prerequisites: FINA 3361COMM 2293 and ACCT 2242. 

The purpose of this course is to provide a broad overview of the various financial instruments available and their role within investment strategies, as well as to examine current trends in the global capital markets.  While some time will be allocated to the traditional asset classes (equities, bonds), the emphasis of the course is on the non-traditional, or alternative, assets classes that have recently been developed or gained popularity, such as mortgages backed securities and other fixed income securities, the myriad forms of swaps, other derivatives, real estate, private equity, etc.  The emphasis is on the structure of these instruments and their risk-return characteristics.  The usual context will be that of a large institutional investor such as a pension plan, insurance company or hedge fund.  Also the linkages amongst the various markets in a global context will be discussed.


4476 International Financial Management
3 credit hours
Prerequisite: FINA 3361 and COMM 2293.

This course is divided into three major parts. The first part provides a basic understanding of the forces that determine the relative values of currencies in the foreign exchange markets. Parts two and three focus on the firm with the financing of international operations and capital budgeting decisions.


4490 Seminar in Finance
3 credit hours
Prerequisite: COMM 2293 and permission of Chairperson.

This course deals with selected topics in finance. It is offered when in sufficient demand, and specific topics covered may vary depending on the interests of students and instructor.


4491 Small Business Consultancy
3 credit hours
Prerequisite:  COMM 2293 and permission of Chairperson.

This course allows students to gain hands-on business experience by working with clients of the Saint Mary’s University Business Development Centre.  Student groups receive a project proposal outlining the requirements, information needs and services they will provide the client during the semester.  Projects generally take the form of a business plan, market study, or other business-related function and often involve financial projections.  Each project provides students an opportunity to use skills learned in business courses and to understand the interrelationship between marketing, accounting, finance, and management in a practical business setting.  Under supervision, students prepare a professional report and final presentation that communicate the project’s result for the client.

Work groups often include students from different disciplines and are assigned based upon the needs of the project.  Groups schedule their preferred meeting times but are required to meet a minimum of three hours each week.  For more information see http://www.smu.ca/smubdc.

Internship 1 semester.


4571 IMPACT Program 1
3 credit hours
Prerequisite: permission of instructor. 

This is an introductory course in applied investment management. The course is the first of two courses that support the investment management of the Sobey School of Business’s IMPACT Fund.  Students who are admitted to the program will undertake a comprehensive economic analysis of the Canadian economy and use this to generate top-down portfolio allocation decisions.  In addition, students will learn how to generate financial research reports using state-of-the-art financial tools. Emphasis will be placed on generating, interpreting and applying comparative company analysis reports.


4572 IMPACT Program 2
3 credit hours
Prerequisite: FINA 4571 and permission of instructor.

This is an advanced course in applied investment management. The course is the second of two courses that support the investment management of the Sobey School of Business’s IMPACT Fund.  Students who are admitted to this program will be responsible for making portfolio allocation decisions for the fund.  Students will use comparable company analysis in conjunction with more advanced financial models, such as cash flow and real options models, in making bottom-up active portfolio management decisions.


4826 – 4849 Special Topics in Finance
3 credit hours
Prerequisite: permission of instructor.


4876 – 4899 Directed Study
3 credit hours
Prerequisite: COMM 2293 and permission of Chairperson.

Intended to supplement or provide an alternative to the regular finance courses in order to meet the special needs and interests of students, the course provides an opportunity to study a particular subject in detail and requires from the student some measure of independence and initiative.  Prior to undertaking registration for this course, students must have a detailed course proposal approved by the appropriate instructor.  Proof of this approval must be submitted at the time of registration for the course.  Students are encouraged to obtain this approval prior to leaving campus in the spring.

Tutorial and independent study.