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Finance

Finance

  • AFF 210 - Principles of Finance I
    Course DescriptionThis course develops the concepts that financial foundation for all upper level AFF finance courses. Students are first introduced to the concept of the time value of money, discounted cash flows and risk and return. Students are given a thorough introduction to the mathematics of asset valuation, capital budgeting, and risk management, working capital management and performance assessment. The course makes extensive use of computer spreadsheet software as a pedagogical technique.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:QMS 130
  • AFF 310 - Principles of Finance II
    Course DescriptionThe objective of this course is to study the major functions of the financial manager. These activities include leasing, mergers and acquisitions, cost of capital, capital structure decisions and dividend policy. Selected topics in finance may also be covered. The course covers both the theory and empirical evidence related to the financial policies of the firm. The course builds on the tools introduced in AFF 210. Case studies may be used to develop the ability to make financial decisions under uncertainty.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 210 and BUS 100
  • AFF 410 - Derivative Securities
    Course DescriptionThis course is entirely dedicated to studying derivative securities-forward and futures contracts and how they modify the risk characteristics of a portfolio, how the exchange, clearing house and marketing to market systems work, arbitrage pricing, relationships, interest rate and currency swaps and the use of various types of options contracts and their use for hedging risk.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310 and [QMS 230 or (QMS 102 and QMS 202)]
  • AFF 420 - Principles of Finance III
    Course DescriptionThis course builds on the material in AFF 320. Financial options and their applications in risk management are further explored. Students also examine treasury management, liquidity and short term finance. Corporate valuation and mergers and acquisitions are introduced. Decision trees, real options and advanced capital budgeting techniques are explored. Financial Ethics, and more specifically, corporate governance and agency theory are also discussed. EXCEL skills introduced in AFF 220 and AFF 320 are extended and reinforced.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310
  • AFF 501 - Investment Analysis
    Course DescriptionThis course is designed to give students an overview of both security analysis and portfolio management. The course covers the valuation of common stock, Treasury bills and bonds, the trade-off between risk and return, the efficient market hypothesis, modern portfolio theory, equilibrium pricing relationships, and the evaluation of portfolio performance.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 410 or AFF 420
  • AFF 502 - Personal Financial Planning
    Course DescriptionThis course introduces a framework of basic principles and the financial planning techniques used in professional practice. Topics include setting goals and budgeting, family life cycle, taxation, insurance, managing credit and debt, home ownership and investment principles and types.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 210
  • AFF 512 - Risk Management and Insurance
    Course DescriptionThis course looks at risk exposures and how these risks are addressed. Risk management is a life-long process that involves five steps: identification, evaluation, control, financing and monitoring. Risks can be managed with control techniques or can be financed using insurance. The course covers different types of insurance, both life, health and disability, and property, home and automobile insurance. Included are methods to calculate insurance needs.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 210
  • AFF 513 - Small Business Finance
    Course DescriptionIn Canada, the majority of new jobs are created by small, entrepreneurial firms. The financial issues confronting entrepreneurial firms are very different from those that face large established companies. The focus of this course will be on analyzing the unique financial issues which face entrepreneurial firms.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310
  • AFF 514 - Financial Modeling I
    Course DescriptionThis course will provide students with an introduction to effectively using Excel to solve many common problems that arise in finance. The course will provide students with an overview of what is involved in creating an effective financial model. Students will then apply these financial modeling guidelines to a variety of financial problems. The student will gain an insight into how to more effectively use Excel to analyze some common financial problems. In addition the student will learn how through effective financial modeling solutions to financial problems, can be tested to see how sensitive the solution is to the assumptions made in the model. As well, the student will learn how to present clearly and effectively the results of their financial modeling analysis. The student may be given an introduction to Visual Basic and how it can add to the effectiveness of financial modeling with Excel.
    Weekly Contact:Lab 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 210
  • AFF 604 - Ethics in Finance
    Course DescriptionThis course introduces students to the practices and codes of conduct involved in the finance function. The course covers ethical issues and the roles of the corporate financial manager, other stakeholders and other participants in the investment industry. Readings and regulations from both academia and practice will be used to illustrate theory. Cases and speakers will be employed to bring a real world perspective to the classroom.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 210
  • AFF 611 - Fixed Income Securities
    Course DescriptionThis specialized course in fixed income securities will start by reviewing fixed income markets, discount factors, pricing, yield, duration, convexity, and the term structure of interest rates. The second part of the course looks at the use of binomial trees and the Monte-Carlo methodology in the pricing and hedging of a variety of fixed income securities and their derivatives.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 501 and QMS 522
  • AFF 613 - Short-Term Financial Management
    Course DescriptionThis course acquaints students with the techniques and practices of short-term corporate finance. The course investigates the role of cash and marketable securities, accounts receivables, inventory, accounts payable and other short term debt. The importance of good forecasting techniques and the nature of the banking relationship will be emphasized.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310
  • AFF 621 - Advanced Investment Management
    Course Description

    This course enhances and extends understanding of the material covered in AFF 410 and AFF 501 and requires the student to integrate a number of concepts. Individual securities not previously studied will be analyzed in depth, e.g., callable and convertible bonds and other securities with imbedded options. The valuation of common stock from a discounted cash flow basis is covered, instead of the usual discounted dividend framework. On the portfolio management side, the passive vs. active management of a portfolio is investigated as well as portfolio performance evaluation and some recent development in investment research.

    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 501
  • AFF 624 - International Finance
    Course DescriptionThis course extends corporate finance and investment-related topics to the international setting. The overriding theme will be the exposure of multinational corporations and investors to the risk of varying exchange rates. Topics include: international financial markets (i.e., euro currency, bond and equity markets), various parity relationships, forecasting exchange rates, managing exposure to changing exchange rates, multinational capital budgeting and multi-national cost of capital.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310
  • AFF 704 - Financial Intermediation
    Course DescriptionThis course gives the student an introduction to the subject of financial intermediation. Each of the four pillars of the financial system is looked at in some depth including the effect of recent changes in the financial system and regulations. Topics include: Why are financial institutions special? How does a deposit-taking institution work? What risks does it face? Some of the risks include liquidity risk, interest rate risk, market risk and credit risk. How are these risks measured and controlled?
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 310
  • AFF 711 - Advanced Portfolio Management
    Course DescriptionPortfolio management requires an integration of skills in financial statement analysis, economic analysis, quantitative analysis, taxation and the valuation of equity and fixed income securities. Topics include the interrelation of economic and market conditions, security valuation techniques, the specific requirements of individual and institutional investors, development of suitable investment policies, construction of multi-asset portfolios that meet the investors' requirements and circumstances, implementation of the plan, monitoring the profile, responding to change, and the measurement and evaluation of performance.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:QMS 442 and AFF 501
  • AFF 713 - Advanced Corporate Finance
    Course DescriptionThrough the extensive use of case study methodology, we will tackle a variety of corporate finance issues, including some of financial analysis, capital budgeting, capital structure, valuation, mergers and acquisitions, dividend policy, the cost of capital and risk management. Practical solutions to real world financial issues will be explored. Current topics in Finance will also be discussed.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFA 500 and AFF 310
  • AFF 714 - Financial Modeling II
    Course DescriptionThis course will provide students with an introduction to effectively using Excel to solve many common problems that arise in finance and investments. The course will provide students with an overview of what is involved in creating an effective financial model. Students will then apply these financial modeling guidelines to a variety of investment problems. The student will also be given an introduction to Visual Basic and how it can add to the effectives of financial modeling with Excel. The student will gain an insight into how to more effectively use Excel to analyze some common investment problems. In addition the student will learn how through effective financial modeling solutions to financial problems, can be tested to see how sensitive the solution is to the assumptions made in the model. As well, the student will learn how to present clearly and effectively the results of their financial modeling analysis. The course will build upon what the student has learned in AFF 514.
    Weekly Contact:Lab 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 501 and AFF 514
  • AFF 811 - Financial Risk Management
    Course DescriptionThis course integrates material from AFF 410 and AFF 704 to look at the question of how a financial institution controls and hedges itself against all of the various risks that it faces. The course looks at liquidity management, deposit insurance, capital adequacy, credit risk management, loan securitization, interest rate forwards, futures, swaps, caps, floors and collars and how banks use these derivative products to manipulate its exposure to various types of risk.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 501 and AFF 704
  • AFF 813 - Corporate Financial Analysis
    Course DescriptionThe objective of this course is to train students in the art of financial statement analysis and its application in credit analysis and business valuation. The course is extremely applied and comprehensive.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:AFF 713
  • FIN 205 - Islamic Finance
    Course DescriptionThis course is designed to give students an overview of Islamic Finance. We define the basic precepts underlying Islamic finance. We compare Islamic Finance to conventional Finance, both in theory and in practice. We also introduce students to the tools used in Islamic Finance and look at the growth and spread of Islamic Finance around the world. Finally we look briefly at the regulation and governance of actors and institutions in the field.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300
  • FIN 300 - Managerial Finance I
    Course DescriptionStudents are introduced to the major concepts in finance and investments which are the time value of money, discounted cash flows, and risk and return. Students are given a thorough introduction to the mathematics of asset valuation. In addition, students learn how individual investors assess and reduce the risk associated with their investment decisions. The course examines how firms make investment decisions. The investment decision allocates scarce resources to projects in the firm, and involves financial forecasting, asset valuation, capital budgeting, risk management, working capital management and performance assessment.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ACC 100 or ACC 110 or AFA 100 or Direct Entry
  • FIN 401 - Managerial Finance II
    Course DescriptionThis course builds on the material in Finance 300. Students learn how firms assess risk when making investment decisions. Students also examine how firms decide to finance projects they assess as being worthwhile. This decision involves capital structure, dividend policy, financial instruments, risk-return trade-offs, financial planning and the cost of capital. In addition, students are introduced to derivatives, and their uses in investments, risk-management, and capital structure. Firm management in an international context is integrated into the topics covered in the course.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300 or AFF 210 or ECN 320 or HTA 602
  • FIN 501 - Investment Analysis
    Course DescriptionThis course is designed to give students an overview of both security analysis and portfolio management. The course covers the valuation of common stock, Treasury bills and bonds, the trade-off between risk and return, the efficient market hypothesis, modern portfolio theory, equilibrium pricing relationships, and the evaluation of portfolio performance. Playing an investment challenge game is a requirement of the course.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 401 or AFF 310
  • FIN 502 - Personal Financial Planning
    Course DescriptionThis course introduces a framework of basic principles and the financial planning techniques used in professional practice. Topics include setting goals and budgeting, family life cycle, taxation, insurance, managing credit and debt, home ownership and investment principles and types.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300 or HTA 602 or AFF 210
  • FIN 510 - Small Business Finance
    Course DescriptionIn Canada, the majority of new jobs are created by small, entrepreneurial firms. The financial issues confronting entrepreneurial firms are very different from those that face large established companies. The focus of this course will be on analyzing the unique financial issues which face entrepreneurial firms.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 401 or AFF 310
    Antirequisites:ENT 511
  • FIN 512 - Risk Management and Insurance
    Course Description

    This course looks at risk exposures and how these risks are addressed. Risk management is a life-long process that involves five steps: identification, evaluation, control, financing and monitoring. Risks can be managed with control techniques or can be financed using insurance. The course covers different types of insurance, both life, health and disability, and property, home and automobile insurance. Included are methods to calculate insurance needs.

    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300 or AFF 210 or HTA 602
  • FIN 521 - Advanced Investment Management
    Course DescriptionThis course enhances and extends the understanding of the basic investment and option theory. It provides a rigorous theoretical background and introduces the analytic tools necessary for sound decision making in a financial trading environment, stretching from investor behaviour to hedging strategies and noise trading using individual securities including stocks, fixed income securities, commodities, currencies, and futures and options.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501 and FIN 502
  • FIN 562 - Personal Finance
    Course DescriptionThis course teaches personal financial planning to students who may not have a strong math ability and/or interest so they will be better able to manage and plan their own finances and provide informed support to middle and lower-income clients. Topics include: steps in the financial planning process, budgeting, formulating financial goals, using tax rules to your advantage, debt and credit management, home-buying, insurance, investing fundamentals, planning for retirement and basic issues in estate planning.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:FIN 502
  • FIN 601 - Derivatives
    Course DescriptionThis course is entirely dedicated to studying derivative securities-forward and futures contracts and how they modify the risk characteristics of a portfolio, how the exchange, clearing house and marketing to market systems work, arbitrage pricing, relationships, interest rate and currency swaps and the use of various types of options contracts and their use for hedging risk.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501
  • FIN 610 - Short-Term Financial Management
    Course DescriptionThis course acquaints students with the techniques and practices of short-term corporate finance. The course investigates the role of cash and marketable securities, accounts receivables, inventory, accounts payable and other short term debt. The importance of good forecasting techniques and the nature of the banking relationship will be emphasized.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 401
  • FIN 611 - Fixed Income Securities
    Course DescriptionThis course examines some of the emerging ideas in investment management. Students will review recent, theoretical and empirical developments in investments management. By the end of the course, the students will have learned the necessary skills to examine a large number of investment strategies using currently available resources.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501
  • FIN 612 - Retirement and Estate Planning
    Course Description

    This course covers the issues that affect financial needs at retirement-inflation and taxation. Various vehicles for savings for retirement are examined including both private and employer-sponsored. The course also examines ways to withdraw savings at retirement. Estate planning looks at ways to ensure that assets are distributed both in accordance with one's wishes and for the maximum benefit of one's heirs.

    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300 or AFF 210
    Corequisites:FIN 502 or AFF 502
  • FIN 621 - International Finance
    Course DescriptionThis course will extend the corporate finance material of FIN 401 and the investment-related topics of FIN 501 to the international setting. The overriding theme will be the exposure of multinational corporations and investors to the risk of varying exchange rates. Topics include: international financial markets (i.e., euro currency, bond and equity markets), various parity relationships, forecasting exchange rates, managing exposure to changing exchange rates, multinational capital budgeting and multi-national cost of capital. (Formerly IBS 621)
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 401
  • FIN 631 - Financial Modeling I
    Course DescriptionThis course will provide students with an introduction to effectively using Excel to solve many common problems that arise in finance. The course will provide students with an overview of what is involved in creating an effective financial model. Students will then apply these financial modeling guidelines to a variety of financial problems. The student will gain an insight into how to more effectively use Excel to analyze some common financial problems. In addition the student will learn how through effective financial modeling solutions to financial problems, can be tested to see how sensitive the solution is to the assumptions made in the model. As well, the student will learn how to present clearly and effectively the results of their financial modeling analysis. The student may be given an introduction to Visual Basic and how it can add to the effectiveness of financial modeling with Excel.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300
  • FIN 701 - Financial Intermediation
    Course DescriptionThis course gives the student an introduction to the subject of financial intermediation. Each of the four pillars of the financial system is looked at in some depth including the effect of recent changes in the financial system and regulations. Topics include: Why are financial institutions special? How does a deposit-taking institution work? What risks does it face? Some of the risks include liquidity risk, interest rate risk, market risk and credit risk. How are these risks measured and controlled?
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 401
  • FIN 710 - Advanced Corporate Finance
    Course DescriptionIn this course, financial theory will be applied to a variety of corporate finance issues including capital structure policy, dividend policy, corporate valuation, securities valuation, risk management, option pricing applications and mergers and acquisitions. Practical solutions to real world financial issues will be explored.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501
  • FIN 711 - Advanced Portfolio Management
    Course DescriptionPortfolio management requires an integration of skills in financial statement analysis, economic analysis, quantitative analysis, and the valuation of equity etc. Topics include the interrelation of economic and market conditions, asset pricing models, security valuation techniques, development of optimal investment strategy, construction of multi-asset portfolios that meet the investors' requirements and risk preference, implementation of portfolio re-balancing, and the measurement and evaluation of performance.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501
  • FIN 731 - Financial Modeling II
    Course DescriptionThis course will provide students with an introduction to effectively using Excel to solve many common problems that arise in finance and investments. The course will provide students with an overview of what is involved in creating an effective financial model. Students will then apply these financial modeling guidelines to a variety of investment problems. The student will also be given an introduction to Visual Basic and how it can add to the effectives of financial modeling with Excel. The student will gain an insight into how to more effectively use Excel to analyze some common investment problems. In addition the student will learn how through effective financial modeling solutions to financial problems, can be tested to see how sensitive the solution is to the assumptions made in the model. As well, the student will learn how to present clearly and effectively the results of their financial modeling analysis. The course will build upon what the student has learned in FIN 631.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 501 and FIN 631
  • FIN 800 - Ethics in Finance
    Course DescriptionThis course introduces students to the practices and codes of conduct involved in the finance function. The course covers ethical issues and the roles of the corporate financial manager, other stakeholders and other participants in the investment industry. Readings and regulations from both academia and practice will be used to illustrate theory. Cases and speakers will be employed to bring a real world perspective to the classroom.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 300
  • FIN 801 - Financial Risk Management
    Course DescriptionThis course integrates material from FIN 601 and FIN 701 to look at the question of how a financial institution controls and hedges itself against all of the various risks that it faces. The course looks at liquidity management, deposit insurance, capital adequacy, credit risk management, loan securitization, interest rate forwards, futures, swaps, caps, floors and collars and how banks use these derivative products to manipulate its exposure to various types of risk.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:FIN 601
  • FIN 810 - Corporate Financial Analysis
    Course DescriptionThe objective of this course is to train students in the art of financial statement analysis and its application in credit analysis and business valuation. The course is extremely applied and comprehensive.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ACC 414 and FIN 401 and FIN 710
  • FIN 812 - Advanced Personal Financial Planning
    Course Description

    This Capstone Course is designed to help students integrate concepts, knowledge and skills acquired in earlier courses. Students will demonstrate a range of professional competencies and communication skills through case studies and oral and written reports. Working in groups, students will develop critical thinking and problem-solving skills and demonstrate their mastery of the material by developing a complete financial plan. Lectures will focus on the practical application and integration of all personal finance topics.

    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ACC 522 or AFA 517), (FIN 501 or AFF 501), (FIN 512 or AFF 512) and (FIN 612 or AFF 612)