Missouri State University

Office of the Registrar

2013-2014 Undergraduate Catalog

Preliminary Edition
published April 2013

Department of Finance and General Business

Glass Hall, Room 300, Phone: (417) 836-5504, Fax: (417) 836-6224
Email: FinanceandGeneralBus@missouristate.edu
Website: http://www.missouristate.edu/fgb
Department Head: Professor Kent P. Ragan, Ph.D., CFA

Faculty (as of July 12, 2012)

Distinguished Professor: Carol J. Miller, M.B.A., J.D.

Professors: Wayne L. Anderson, M.B.A., J.D.; C. Edward Chang, Ph.D.

Associate Professors: Stanley R. Adamson, Ph.D., ARM; Susan J. Crain, Ph.D.; K. Stephen Haggard, Ph.D.; Stanley A. Leasure, CPA (inactive), J.D.; James D. Philpot, Ph.D.; Walt A. Nelson, Ph.D.

Assistant Professors: James R. Scott, Ph.D.; H. Douglas Witte, Ph.D.; Y. Jenny Zhang, Ph.D.

Senior Instructor: Nancy J. Allen, J.D.

Instructor: James M. Simmerman, M.B.A.

Emeritus Professors: John E. Adamson, M.B.A., J.D.; Vencil J. Bixler, Ph.D., CLU, ChFC; John S. Bowdidge, Ph.D.; Ivan D. Calton, Ed.D.; F. Joel Chaney, D.B.A.; Frank L. Clark, Ph.D.; Kee S. Kim, Ph.D.; John K. Litvan, Ph.D.; Ralph K. Manley, M.B.A.; Robert W. Owens, Ph.D.; John E. Patton, CLU, CPIM, M.S. in Ed.; James B. Pettijohn, Ph.D.; George S. Swales, Jr., Ph.D.

Accreditation

  • AACSB International—The Association to Advance Collegiate Schools of Business – all programs

Graduate Programs

The following graduate program(s) are available. Refer to the Graduate Catalog for more information.

Accelerated Master of Business Administration Degree

Undergraduate majors in the College of Business may apply for admission to the Master of Business Administration program during the second semester of their junior year. If accepted, up to 6 hours of 600- or 700-level courses taken in the senior year may be counted toward both the undergraduate and graduate degrees (Mixed Credit). As an MBA graduation requirement, students exercising the accelerated MBA option will be required to have had one year of professional experience or a 3 hour internship. Refer to the Graduate Catalog for more information.

For courses to be designated as Mixed Credit, the graduate advisor, undergraduate department head, and Graduate College dean must approve by signing the Permission for Mixed Credit form. This form must be provided to the Office of the Registrar in Carrington Hall 320 no later than the end of the Change of Schedule Period for the semester. 

General Information

Actuarial Science

Students may pursue a career as an actuary by choosing a major and minor in related areas and selecting appropriate electives. Students interested in Actuarial Science typically major in Mathematics and minor in Risk Management and Insurance. Help in preparing for the early actuarial exams is available through the mathematics department. Contact the Finance and General Business Department or the Mathematics Department for more information.

Internships

With permission, majors in the Finance and General Business Department may receive a total of one to three credit hours for approved internship experiences(s) in their major area (general business, finance, financial planning, real estate, and/or insurance.) The department’s internship course is listed in the catalog as BUS 494, Internship. The schedule of classes, and thus student transcripts, will indicate the academic discipline appropriate for the particular internship experience.

Majors

Finance (Comprehensive)

Bachelor of Science
  1. General Education Requirements - see General Education Program and Requirements section of catalog
  2. College of Business Admission and Program Requirements - see College of Business Admission and Program Requirements section of catalog
  3. Major Requirements (32-33 hours)
    1. FIN 384(3), 390(3), 485(3); INS 211(3); LAW 335(2) or 532(3)
    2. Complete one of the following options:
      1. Finance:
        1. FIN 266(3), 487(3), 586(3)*
        2. Complete one of the following: FIN 480(3), 589(3), 599(3)
        3. Complete six additional hours from the following: FIN 381(3), 480(3), 496(1-2), 582(3), 589(3), 595(3), 599(3)

          Recommended electives (not required): ACC 321(3), 524(3); BUS 307(2), BUS 550/LAW 550(3); INS 312(3); FIN 367(3), 369(3), FIN 538/INS 538(3); ECO 365(3), 385(3), 586(3)

          * Students who have completed both ACC 301 and ACC 302 may waive FIN 586.
      2. Financial Planning:
        1. ACC 321(3)
        2. FIN 381(3), FIN 538/INS 538(3), FIN 581(3); INS 312(3), 314(3)

          Recommended electives (not required): ACC 524(3), 525(3); BUS 550/LAW 550(3); COM 326(3); FIN 266(3), 487(3); INS 313(3)
      3. Real Estate:
        1. FIN 266(3), 367(3), FIN 368/LAW 368(3), FIN 369(3)
        2. Complete six additional hours from the following: AGB 354(2); BUS 550/LAW 550(3); ECO 450(3); GRY 322(3); INS 313(3); PLN 371(3), 571(3); TCM 121(3), 122(3), 221(3), 320(3).

          Recommended electives (not required): AGP 333(3); HID 140(3), 241(3); MKT 352(3),
  4. General Baccalaureate Degree Requirements - see General Baccalaureate Degree Requirements section of catalog

General Business (Comprehensive)

Bachelor of Science
  1. General Education Requirements - see General Education Program and Requirements section of catalog
  2. College of Business Admission and Program Requirements - see College of Business Admission and Program Requirements section of catalog
  3. Major Requirements (32-33 hours)
    1. INS 211(3); LAW 335(2) or 532(3)
    2. Complete one of the following: ENG 321(3); JRN 270(3); MGT 397(3)
    3. Complete a minimum of 24 hours from at least five of the following areas:
      1. Accounting: ACC 301(3), 302(3), 311(3), 321(3), 513(3), 524(3), 532(3)
      2. Business Relationships: BUS 550/LAW 550(3); LAW 341(3); MGT 486(3) 
      3. Computer Information Systems: CIS 205(3), 260(3), 270(3), 290(3); 370(3) or 510(3); 375(3)
      4. Finance: BUS 510(3); FIN 381(3), 384(3), 390(3), 485(3), 586(3)
      5. International: FIN 582(3); LAW 539(3); MGT 447(3); MKT 474(3)
      6. Management: LAW 531(3); MGT 345(3), 561(3); TCM 359(3)
      7. Marketing: MKT 351(3), 352(3), 354(3), 355(3), 430(3), 510(3) 
      8. Real Estate: FIN 266(3), 367(3), FIN 368/LAW 368(3), FIN 369(3)
      9. Risk Management and Insurance: FIN 538/INS 538(3); INS 312(3), 313(3), 314(3), 415(3); LAW 537(3) 

        Recommended electives (not required): AGB 354(2); BUS 303(2), 307(2); ECO 305(3), 586(3); GRY 321(3); PSY 359(3), 525(3); SOC 150(3), 309(3)
  4. General Baccalaureate Degree Requirements - see General Baccalaureate Degree Requirements section of catalog

Risk Management and Insurance (Comprehensive)

Bachelor of Science
  1. General Education Requirements - see General Education Program and Requirements section of catalog
  2. College of Business Admission and Program Requirements - see College of Business Admission and Program Requirements section of catalog
  3. Major Requirements (31-32 hours)
    1. FIN 266(3), 384(3), 390(3), 485(3); INS 211(3), 312(3), 313(3), 415(3); LAW 335(2) or 532(3)
    2. Complete five additional hours from the following: ACC 321(3); BUS 550/LAW 550(3); FIN 367(3), 381(3), FIN 538/INS 538(3); INS 314(3), 397(1-6)*

      * Students may not apply more than two hours of INS 397 toward the five hour requirement.
  4. General Baccalaureate Degree Requirements - see General Baccalaureate Degree Requirements section of catalog

Minors

Finance

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. FIN 380(3), 384(3), 485(3)
  2. Complete six additional hours from the following: FIN 381(3), 390(3), 480(3), 487(3), 582(3), 586(3)*, 589(3)

    *Students who have completed both ACC 301 and ACC 302 may waive FIN 586

Financial Planning

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. ACC 321(3); FIN 381(3), 485(3); FIN 538/INS 538(3) or ACC 524(3); FIN 581(3); INS 314(3)

General Business

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. ACC 201(3)*, 211(3)*; BUS 135(3); CIS 101/CSC 101(2)**; CIS 201(2); LAW 231(3)
  2. Complete six additional hours from the following: BUS 550/LAW 550(3); FIN 266(3), 380(3); INS 211(3), LAW 332(1), 335(2), 531(3); MGT 286(3), 320(3), 340(3), 341(3), 486(3); MKT 150(3), 350(3), 355(3); QBA 237(3)

    *ACC 206(4) may substitute for ACC 201 and ACC 211.

    **May be waived by proficiency exam.

Legal Studies in Business

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. LAW 231(3), 332(1); 335(2) or 532(3); 341(3)
  2. Complete 12 additional hours from the following which must include a minimum of 6 hours from Group 1 and 3 hours from Group 2:
    1. Group 1 (COBA courses): ACC 321(3), 524(3); BUS 550/LAW 550(3); FIN 368/LAW 368(3); FIN 538/INS 538(3); FIN 596(1-3); INS 211(3), 314(3); LAW 531(3), 537(3), 539(3)
    2. Group 2 (Non-COBA courses): AGB 314(3); PHI 340(3); PLS 419(3), 515(3), 517(3); PSY 320(3); SFR 581(2)

Risk Management and Insurance

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. BUS 135(3) or FIN 150(3); INS 211(3), 312(3), 313(3)
  2. Complete six additional hours from the following: BUS 550/LAW 550(3); FIN 266(3), 381(3), 485(3), FIN 538/INS 538(3); INS 314(3), 397(1-6), 415(3); MKT 350(3); Statistics**

    ** Students interested in actuary programs may select six hours of mathematics and/or statistics with permission of Finance and General Business and Mathematics department heads.

Real Estate

Bachelor of Applied Science
Bachelor of Arts
Bachelor of Science
  1. FIN 266(3), 367(3), FIN 368/LAW 368(3), FIN 369(3)
  2. Complete six additional hours from the following: AGB 354(2); AGP 333(3); BUS 550/LAW 550(3); ECO 450(3); GRY 322(3); HID 140(3), 241(3); INS 211(3) or 313(3); MKT 352(3); PLN 371(3), 571(3); TCM 121(3), 122(3), 221(3), 320(3)

Business Courses

BUS 135 Introduction to Business

A survey of business which includes an evaluation of the social and economic environment in which it operates, followed by a look at business organization, management, finance, accounting, production, marketing, insurance, law, and data processing. Designed to serve three groups of students--those majoring in other departments who would like to develop a broad understanding of business through a single course; those who are undecided about a major and would like to explore business as a possibility; and those freshmen planning a major in some area of business who would like a broad understanding of business in order to make a specific selection of their major. A declared major in the College of Business who has accumulated more than 30 semester hours of credit at the time of enrollment in the course will not receive credit for the course. 3(3-0) F,S

BUS 200 Topics in Business

A variable content course with topics that can change from semester to semester. Topics are identified by title in the class schedule. Examples are: Personal Budgeting, Residential Home Construction, Insurance for the Family, Personal Credit Management, and Business Ethics. May be repeated to a total of 6 hours. 1-3 D

BUS 303 History of Business

Prerequisite: undergraduate business majors must be admitted to degree program. History of business; contributions of individuals and companies in evolution of modern business principles and practices. 2(2-0) D

BUS 305 Service Learning in Business

Prerequisite: 30 hours and concurrent registration in a Finance and General Business department course designated as a service learning offering; and undergraduate business majors must be admitted to degree program. This service component for an existing course incorporates community service with classroom instruction in business to provide an integrative learning experience that addresses the practice of citizenship and promotes an awareness of and participation in public affairs. Includes 40 hours of service that benefits an external community organization, agency, or public service provider. Approved service placements and assignments will vary depending on the course topic and learning objectives; a list of approved placements and assignments is available from the instructor and the Citizenship and Service Learning Office. May be repeated. 1 F,S

BUS 307 Business in the Community

Prerequisite: undergraduate business majors must be admitted to degree program. Study and application of business within the community. Topics include: planning and management of organizations from the viewpoint of education, community, and business; development of new business; organizational structure; interpersonal skills; funding and allocation resources of private, public and non-profit organizations. Allows for direct contact with local community leaders in education and business as well as opportunity to develop individual skills. Group dynamics and individual initiative are emphasized. May be available with BUS 305 Service Learning option and be repeated to a total of 6 hours. 2 D

BUS 394 Cooperative Education in Business

Prerequisite: acceptance into Cooperative Education Program and permission of department head; undergraduate business majors must be admitted to degree program. The opportunity to earn academic credit in a planned learning process that integrates academic training with a supervised work experience. This is a variable content course that may be repeated to a total of 6 hours in Cooperative Education. 1-3 D

BUS 397 Topics in Business

Prerequisite: undergraduate business majors must be admitted to degree program. A variable content course with topics that can change from semester to semester. Topics are identified by title in the schedule of classes. Examples include: Employment Discrimination Law, Tax Planning for Real Estate Investments, and special courses in Insurance. May be repeated to a total of 6 hours. 1-3 D

BUS 494 Internship

Prerequisite: 80 hours; academic preparation in the field of internship; permission of department head; and undergraduate business majors must be admitted to degree program. A variable content course. Internships to be identified by title in the schedule of classes include Finance, Financial Planning, General Business, Insurance, and Real Estate. Opportunity to obtain practical understanding through work experience with a cooperating business or financial institution, financial planning firm, insurance company or real estate firm. Employment and outline of study must be company approved prior to enrollment. May be repeated to a total of 3 hours. 1-3 F,S

BUS 510 E-Business and Online Entrepreneurship

Prerequisite: 54 hours; and undergraduate business majors must be admitted to degree program. A study of e-business and online entrepreneurship from an applied, best practices point of view. Classroom visits by online entrepreneurs provide unique, real-world insights into the advantages, disadvantages, and challenges of doing business over the Internet. May be taught concurrently with BUS 610. Cannot receive credit for both BUS 510 and BUS 610. 3(3-0) F

BUS 550 Negotiation, Mediation, and Arbitration in Business

Prerequisite: 60 hours; and undergraduate business majors must be admitted to degree program. A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with LAW 550. May be taught concurrently with BUS 650. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650. 3(3-0) F,S

BUS 610 E-Business and Online Entrepreneurship

A study of e-business and online entrepreneurship from an applied, best practices point of view. Classroom visits by online entrepreneurs provide unique, real-world insights into the advantages, disadvantages, and challenges of doing business over the Internet. May be taught concurrently with BUS 510. Cannot receive credit for both BUS 610 and BUS 510. 3(3-0) F

BUS 650 Negotiation, Mediation, and Arbitration in Business

A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with LAW 650. May be taught concurrently with BUS 550. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650. 3(3-0) F,S

Finance Courses

FIN 150 Personal Finance

A study of personal finance topics from the consumer and societal perspectives. Topics include the preparation and interpretation of personal financial statements and budgets, the time value of money, personal saving, financial market and investment fundamentals, the effective use of consumer credit, personal bankruptcy, insurance principles, automotive and housing decisions, principles of personal taxation, and retirement planning. This course will provide students with the concepts and critical thinking skills to understand the effects of financial decisions on individuals, families, and society. 3(3-0) F,S

FIN 266 Principles of Real Estate

Prerequisite: 24 hours. An introduction to the study of real estate. Topics covered include legal aspects of real property, real estate financing, appraisal, brokerage, land-use control, property management, and investing in real estate. 3(3-0) F,S

FIN 310 Fundraising Principles and Practices for Nonprofit Agencies

Prerequisite: undergraduate business majors must be admitted to degree program. Comprehensive study of various funding sources for not-for-profit organizations. Explores relationships with umbrella organizations, techniques of fundraising, government funding, grantsmanship, budget control and accountability. 3(3-0) D

FIN 350 Entrepreneurial Finance

Prerequisite: ACC 201. This course introduces the non-business major to the finance function within the small business. Topics include financial statement analysis, financial planning and forecasting, asset valuation, the time value of money, capital budgeting, cost of capital, working capital, break-even, leverage, business plans, and venture capital. This course may not be used to satisfy any requirements for a College of Business major. Students may not receive credit for both FIN 350 and FIN 380. 3(3-0) F

FIN 367 Principles of Real Estate Appraisal

Prerequisite: FIN 266; undergraduate business majors must be admitted to degree program. An introduction to the study of real estate appraisal. Topics covered include data collection and analysis, neighborhood and regional analysis, land and building function and description, highest and best use analysis, land valuation and improved property valuation. 3(3-0) F

FIN 368 Real Estate Law

Prerequisite: FIN 266; and undergraduate business majors must be admitted to degree program. Rights and interests in land; evidence of title; co-ownership; contracts for sale of land; deeds; wills and descent; mortgages; liens; landlord and tenant; restrictions; zoning; brokers. Identical with LAW 368. Cannot receive credit for both FIN 368 and LAW 368. 3(3-0) S

FIN 369 Real Estate Development

Prerequisite: FIN 266; undergraduate business majors must be admitted to degree program. This course introduces the development process through its four major phases: concept, land acquisition, construction, and sales. Topics covered include project selection, debt and equity funding (obtainable from individual, institutional, and governmental sources), regulatory approval, environmental impact, and marketing. 3(3-0) S

FIN 380 Financial Management

Prerequisite: 54 hours including ACC 201 and ACC 211 and ECO 155 and ECO 165; and QBA 237 or equivalent; and undergraduate business majors must be admitted to degree program. An introduction to topics in corporate financial management, including financial markets, time value of money, asset valuation, risk and return, financial analysis and forecasting, capital budgeting, sources, and costs of capital. 3(3-0) F,S

FIN 381 Personal Financial Planning

Prerequisite: 54 hours; undergraduate business majors must be admitted to degree program. A course designed to introduce students to most of the major personal financial planning problems that individuals and families encounter. Emphasis is placed on the financial planner's activities to assist individuals and families in creating personal financial statements and household budgets, developing effective money management practices, and addressing taxation, housing, credit, insurance, investment, estate planning and other important finance issues. 3(3-0) F,S

FIN 384 Financial Markets and Intermediaries

Prerequisite: ACC 201 and ACC 211 and ECO 155 and ECO 165; undergraduate business majors must be admitted to degree program. An overview of the organization and operation of major financial markets including money, bond, mortgage, equity, derivative, and international markets, and financial intermediaries including lenders, insurance companies, pension funds, investment banks, investment companies, and real estate investment trusts. 3(3-0) F,S

FIN 390 Intermediate Financial Management

Prerequisite: grade of B- or better in FIN 380; and undergraduate business majors must be admitted to degree program. An in-depth study of corporate financial management concepts, including risk and return, valuation, financial analysis and forecasting, capital budgeting, cost of capital, capital structure, working capital, leasing, and global finance. The course utilizes electronic spreadsheets as a tool to enhance the quality of financial decisions. 3(3-0) F,S

FIN 480 Financial Decision Making

Prerequisite: FIN 390; undergraduate business majors must be admitted to degree program. Application of the concepts and techniques of finance to solve financial management problems faced by contemporary companies. The course emphasizes the development of financial decision-making skills through in-depth case analysis. 3(3-0) F,S

FIN 485 Investments I

Prerequisite: grade of B- or better in FIN 380; and undergraduate business majors must be admitted to degree program. A survey of investment principles, investment environments, security valuation, and financial markets. 3(3-0) F,S

FIN 487 Investments II

Prerequisite: FIN 485; and undergraduate business majors must be admitted to degree program. An extension of Investments I, including an in-depth study of security analysis, investment strategy, portfolio theory, risk analysis, and management. Hedging and speculating with domestic and international securities will also be explored. 3(3-0) F,S

FIN 496 Readings in Finance

Prerequisite: permission of department head; and undergraduate business majors must be admitted to degree program. Planned readings designed to intensify and supplement the area of finance. 1-2 D

FIN 538 Introduction to Estate Planning

Prerequisite: 80 hours; and undergraduate business majors must be admitted to degree program. Estate planning process; fundamentals of intestate distribution, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with INS 538. May be taught concurrently with FIN 638. Cannot receive credit for more than one of FIN 538, FIN 638, INS 538, or INS 638. 3(3-0) F

FIN 581 Professional Financial Planning

Prerequisite: ACC 321 and FIN 381 and FIN 485 and INS 211 and LAW 231; and INS 314 or concurrent enrollment; and FIN/INS 538 or ACC 524 or concurrent enrollment; and undergraduate students must be admitted to degree program. A case-oriented study of comprehensive financial planning for client families. This course integrates prior knowledge of financial planning principles and practice, investments, insurance, law, tax planning, retirement planning, and estate planning. Advanced topics in these subjects are also presented. The financial planning process, standards of professional practice, and planner ethics are emphasized. May be taught concurrently with FIN 681. Cannot receive credit for both FIN 581 and FIN 681. 3(3-0) S

FIN 582 International Financial Management

Prerequisite: grade of B- or better in FIN 380; and undergraduate business majors must be admitted to degree program. This course is designed to survey how the key concepts of business finance can be applied in the context of a multinational firm. Topics include: the nature and functioning of the foreign exchange market, parity conditions, foreign exchange risk management, and international investment and financing decisions. May be taught concurrently with FIN 682. Cannot receive credit for both FIN 582 and FIN 682. 3(3-0) F,S

FIN 586 Financial Analysis

Prerequisite: grade of B- or better in FIN 380; and undergraduate business majors must be admitted to degree program. An introduction to the study of financial analysis emphasizing the financial statement analysis portion of the common body of knowledge from the Chartered Financial Analyst (CFA) Level I Exam. May be taught concurrently with FIN 686. Students cannot receive credit for FIN 586 if they have received credit for FIN 686 or ACC 302. 3(3-0) F,S

FIN 589 Management of Financial Institutions

Prerequisite: grade of B- or better in FIN 380; and either FIN 384 or ECO 305; and undergraduate business majors must be admitted to degree program. A study of the theory and practice of managing depository and non-depository financial institutions. The principal focus is asset and liability management, especially with respect to the risks associated with establishing the ideal balance between the two. Such risks include interest rate, liquidity, credit, foreign exchange and capital risk. The use of money and credit markets, as well as derivative securities to minimize risk as well as to achieve strategic financial objectives is stressed. Management implications of current developments in the interaction between financial institutions and markets are discussed. May be taught concurrently with FIN 689. Cannot receive credit for both FIN 589 and FIN 689. 3(3-0) F,S

FIN 595 Financial Markets Study Tour

Prerequisite: FIN 384 and FIN 485; a combined (Missouri State and transfer) GPA of 3.40 or higher; recommendation of a finance faculty member; permission of department head; and undergraduate business majors must be admitted to degree program. The course consists of three parts; 1. Background research and discussion of selected companies and institutions of one or more major financial center(s) (e.g. New York, Chicago, and/or London) and the economic, political, international, historical, social, ethical, and cultural environment in which they function. 2. A visit of approximately seven days' duration to the financial center(s) to visit selected companies, financial markets, and cultural icons. 3. A final written project and group discussion of the experience. The course involves extensive research, written and oral reporting, and group interaction based upon trust, respect and integrity. May be taught concurrently with FIN 695. Cannot receive credit for both FIN 595 and FIN 695. 3(3-0) D

FIN 596 Research Issues and Problems: Finance

Prerequisite: 60 hours; and permission of department head; and undergraduate business majors must be admitted to degree program. Research issues and problems growing from special areas of a student's interest which may require additional depth or breadth of study. Student's proposal and outline of study must be approved prior to enrolling. May be taught concurrently with FIN 697. Cannot receive credit for more than 6 hours of FIN 596 and FIN 697 combined. 1-3 D

FIN 599 Directed Study for CFA Level I Exam

Prerequisite: permission of instructor; and undergraduate business majors must be admitted to degree program. The professor and student will devise a study plan, based upon the CFA Institute's Common Body of Knowledge, that will best-prepare the student to pass the CFA Level I Exam in June of the current year. May be taught concurrently with FIN 699. Cannot receive credit for both FIN 599 and FIN 699. 3 S

FIN 600 Managerial Finance

Prerequisite: ACC 600 and ECO 600; and permission of a director of a College of Business Graduate Program. Comprehensive study of the finance function in the business enterprise, including financial analysis-planning-forecasting, capital budgeting, leasing, working capital management, capital structure, dividend policy, and multinational finance. Designed for graduate students who have not had an undergraduate course in financial management in the last five years. This course will not be counted in the hours required for a College of Business undergraduate or graduate degree. 3(3-0), F,S

FIN 638 Introduction to Estate Planning

Prerequisite: LAW 231 or LAW 600. Estate planning process; fundamentals of intestate distribution, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with INS 638. May be taught concurrently with FIN 538. Cannot receive credit for more than one of FIN 538, FIN 638, INS 538, or INS 638. 3(3-0) F

FIN 681 Professional Financial Planning

Prerequisite: ACC 321 and FIN 381 and FIN 485 and INS 211 and LAW 231; and INS 314 or concurrent enrollment; and FIN/INS 538/638 or ACC 524/624 or concurrent enrollment. A case-oriented study of comprehensive financial planning for client families. This course integrates prior knowledge of financial planning principles and practice, investments, insurance, law, tax planning, retirement planning, and estate planning. Advanced topics in these subjects are also presented. The financial planning process, standards of professional practice, and planner ethics are emphasized. May be taught concurrently with FIN 581. Cannot receive credit for both FIN 681 and FIN 581. 3(3-0) S

FIN 682 International Financial Management

Prerequisite: admission to the MBA program or permission from the MBA Program Director; and grade of B- or better in FIN 380 or FIN 600. This course is designed to survey how the key concepts of business finance can be applied in the context of a multinational firm. Topics include: the nature and functioning of the foreign exchange market, parity conditions, foreign exchange risk management, and international investment and financing decisions. May be taught concurrently with FIN 582. Cannot receive credit for both FIN 682 and FIN 582. 3(3-0) F,S

FIN 686 Financial Analysis

Prerequisite: grade of B- or better in FIN 380 or FIN 600. An introduction to the study of financial analysis emphasizing the financial statement analysis portion of the common body of knowledge from the Chartered Financial Analyst (CFA) Level I Exam. May be taught concurrently with FIN 586. Students cannot receive credit for FIN 686 if they have received credit for FIN 586 or ACC 302. 3(3-0) F,S

FIN 689 Management of Financial Institutions

Prerequisite: grade of B- or better in FIN 380; and either FIN 384 or ECO 305. A study of the theory and practice of managing depository and non-depository financial institutions. The principal focus is asset and liability management, especially with respect to the risks associated with establishing the ideal balance between the two. Such risks include interest rate, liquidity, credit, foreign exchange and capital risk. The use of money and credit markets, as well as derivative securities to minimize risk as well as to achieve strategic financial objectives is stressed. Management implications of current developments in the interaction between financial institutions and markets are discussed. May be taught concurrently with FIN 589. Cannot receive credit for both FIN 589 and FIN 689. 3(3-0) F,S

FIN 695 Financial Markets Study Tour

Prerequisite: a graduate GPA (Missouri State and transfer) of 3.50 or higher; recommendation of a finance faculty member; permission of department head. The course consists of three parts; 1. Background research and discussion of selected companies and institutions of one or more major financial center(s) (e.g. New York, Chicago, and/or London) and the economic, political, international, historical, social, ethical, and cultural environment in which they function. 2. A visit of approximately seven days' duration to the financial center(s) to visit selected companies, financial markets, and cultural icons. 3. A final written project and group discussion of the experience. The course involves extensive research, written and oral reporting, and group interaction based upon trust, respect and integrity. May be taught concurrently with FIN 595. Cannot receive credit for both FIN 695 and FIN 595. 3(3-0) D

FIN 697 Research Issues and Problems: Finance

Prerequisite: permission of department head. Research issues and problems growing from special areas of a student's interest which may require additional depth or breadth of study. Student's proposal and outline of study must be approved prior to enrolling. May be repeated to a total of 6 hours. May be taught concurrently with FIN 596. Cannot receive credit for more than 6 hours of FIN 596 and FIN 697 combined. 1-3 D

FIN 699 Directed Study for CFA Level I Exam

Prerequisite: permission of instructor. The professor and student will devise a study plan, based upon the CFA Institute's Common Body of Knowledge, that will best-prepare the student to pass the CFA Level I Exam in June of the current year. May be taught concurrently with FIN 599. Cannot receive credit for both FIN 699 and FIN 599. 3 S

FIN 780 Advanced Financial Management

Prerequisite: admission to the MBA program or permission from the MBA Program Director; and ACC 711; and a grade of B- or better in FIN 600. An advanced study of the theory and practice of corporate financial management, including financial analysis and forecasting, working capital, capital budgeting, cost of capital, capital structure, mergers and acquisitions, and valuation. The course utilizes cases to emphasize both theory and technology in supporting sound financial decision-making. 3(3-0) F,S

FIN 785 Investment Management

Prerequisite: FIN 780. A study of investment theory and practice. Topics include portfolio theory, equilibrium in capital markets, equity and fixed income security analysis, derivatives (options, futures, swaps), portfolio management and strategies. 3(3-0) S

FIN 787 Seminar in Derivatives

Prerequisite: FIN 780. A study of the fundamentals, pricing, and trading strategies of options, forwards, futures and swaps. Emphasis is placed on the modeling tools most widely used for calculating their prices and related hedging parameters. The course includes an exploration of current/relevant literature concerning market mechanics, participants, and government regulation. Each student will participate in the preparation of a significant team project and presentation. 3(3-0) S

FIN 788 Healthcare Financial Management

An introduction to fundamental financial management concepts and skills necessary for managers at a variety of levels in healthcare organizations. The course provides an overview of financial management and how the finance function is organized in healthcare organizations. Topics covered include: tax status, third-party payers, payment methodologies, Medicare and Medicaid, cost accounting and analysis, rate setting, working capital, accounts receivable, budgeting, and financial analysis. 3(3-0) F

FIN 790 Seminar in Finance

Prerequisite: 15 graduate hours in business administration and economics including FIN 780 and permission of the coordinator of graduate studies. Critical evaluation and interpretation of research and literature in finance. 3(3-0) D

FIN 794 Internship: Finance

Prerequisite: permission of the director of the appropriate graduate program and department head. In consultation with the coordinating professor, the student is engaged in on-the-job experience with a business, organization, or other professional entity. A portfolio of assigned work shall be collected, examined and evaluated during the semester. 3(3-0) F,S

FIN 796 Independent Study: Finance

Prerequisite: permission of the director of the appropriate graduate program and department head. In consultation with the advisor, student selects for intensive study a specific area of concern related to the student's program with emphasis on research. 1-3 F,S

Insurance Courses

INS 211 Insurance

Prerequisite: 24 hours. Principles and functions of property, casualty and life insurance with applications in both personal and business situations. 3(3-0) F,S

INS 312 Life Insurance

Prerequisite: INS 211; undergraduate business majors must be admitted to degree program. Nature and types of life insurance and annuity contracts insuring human life values for business and personal purposes; principles underlying the calculation of life insurance and annuity premiums, reserves, nonforfeiture values and dividends; introduction of group life insurance, pensions, health, social insurance, settlement options, taxation as related to life insurance programming. 3(3-0) S

INS 313 Property and Liability Insurance

Prerequisite: INS 211; undergraduate business majors must be admitted to degree program. Analysis and application of risk and insurance principles to direct and consequential losses in fire, marine, inland marine, multiple-line coverages, liability, workers' compensation, fidelity, surety, and crime perils. 3(3-0) F

INS 314 Employee Benefits and Social Insurance

Prerequisite: 30 hours; undergraduate business majors must be admitted to degree program. The study of group life and health insurance, retirement programs, Social Security, and other social insurance programs as devices to mitigate economic losses from death, disability, medical costs, retirement, and unemployment in relation to personal and business risk problems. 3(3-0) S

INS 397 Topics in Insurance

Prerequisite: undergraduate business majors must be admitted to degree program. Students taking course as independent study, readings, or professional designation courses must obtain department head approval prior to enrollment. A variable content course to intensify and supplement the study of insurance, designed for students desiring to develop toward professional competence in property/casualty, risk management, life/health, employee benefits, financial services, and insurance-related areas. Course design may include independent study, readings, professional designation courses, and/or traditional classroom work. May be repeated for a maximum of 6 hours. 1-3 D

INS 415 Risk Management

Prerequisite: 80 hours including INS 211; undergraduate business majors must be admitted to degree program. Identifying and analyzing the loss exposures. Developing alternative techniques for treating each exposure with emphasis on risk control and risk financing. 3(3-0) S

INS 538 Introduction to Estate Planning

Prerequisite: 80 hours; and undergraduate business majors must be admitted to degree program. Estate planning process; fundamentals of intestate distribution, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with FIN 538. May be taught concurrently with INS 638. Cannot receive credit for more than one of FIN 538, FIN 638, INS 538, or INS 638. 3(3-0) F

INS 638 Introduction to Estate Planning

Prerequisite: LAW 231 or LAW 600. Estate planning process; fundamentals of intestate distribution, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with FIN 638. May be taught concurrently with INS 538. Cannot receive credit for more than one of FIN 538, FIN 638, INS 538, or INS 638. 3(3-0) F

Law Courses

LAW 231 Legal Environment of Business

Prerequisite: 24 hours. Ethical and legal issues in the domestic and international regulatory environment of business. Foundations of legal reasoning, case analysis, legal dispute resolution and reporting, court systems and sources of law. Substantive areas of torts, contracts, sales, products liability and consumer rights and remedies. Contemporary legal issues explored in such areas as: regulation of environmental practices, deceptive advertising, debt collection, employment, anti-trust and computer law. 3(3-0) F,S

LAW 332 Debtor and Creditor Rights and Remedies

Prerequisite: LAW 231; undergraduate business majors must be admitted to degree program. Legal aspects of financial transactions. The rules of law governing financial transactions in today's business and personal affairs. Topical areas include commercial paper, secured transactions, and bankruptcy. 1(1-0) F,S

LAW 335 Business Enterprises, Rights/Liabilities

Prerequisite: LAW 231 and undergraduate business majors must be admitted to degree program. Legal alternatives in the structuring of the business enterprise and its relationship with employees. Topical areas include personal property, bailments, real property, leaseholds, intellectual property rights, franchises, sole proprietorships, partnerships, corporations, LLC's, agency and employment law. Cannot receive credit for both LAW 335 and LAW 532. 2(2-0) F,S

LAW 341 Legal Research and Writing

Prerequisite: LAW 231; undergraduate business majors must be admitted to degree program. Use of primary and secondary legal sources and indexes are examined, including state and federal statutes, government regulations, cases, Shepard's, Missouri Practice series, law reviews and legal encyclopedias; types of legal writing are introduced; research techniques are applied to case analysis and legal writing. 3(3-0) F

LAW 368 Real Estate Law

Prerequisite: FIN 266; and undergraduate business majors must be admitted to degree program Rights and interests in land; evidence of title; co-ownership; contracts for sale of land; deeds; wills and descent; mortgages; liens; landlord and tenant; restrictions; zoning; brokers. Identical with FIN 368. Cannot receive credit for both LAW 368 and FIN 368. 3(3-0) S

LAW 531 Labor Law and Employment Discrimination

Prerequisite: LAW 231; and undergraduate business majors must be admitted to degree program. Legal, regulatory, and ethical issues related to employer-employee relationship, including employment-at-will doctrine, discrimination and union contracts. May be taught concurrently with LAW 631. Cannot receive credit for both LAW 531 and LAW 631. 3(3-0) F

LAW 532 Legal Environment of Business Organizations for Professionals

Prerequisite: LAW 231; and 90 hours; and undergraduate business majors must be admitted to degree program. Agency and employment responsibilities and liabilities facing new and traditional forms of business organizations are compared, along with selected tax and security regulation issues. Personal and real property concepts are examined, along with environmental exposure issues. Selected contract and UCC concepts are reviewed. Issue recognition, problem analysis approach and testing mechanisms are especially appropriate for individuals taking the CPA or other professional exams. Students who receive credit for LAW 532 may not also receive credit for LAW 335. May be taught concurrently with LAW 632. Cannot receive credit for both LAW 532 and LAW 632. 3(3-0) D

LAW 537 Environmental Regulation

Prerequisite: undergraduate business majors must be admitted to degree program. Laws and government environmental regulation of air, water and soil quality, energy resources, solid and toxic waste disposal, storage tanks, toxic torts, labeling of toxic substances, recycling; ethical, public policy and international implications such regulations pose for business practices, natural resource utilization, health quality and biodiversity. May be taught concurrently with LAW 637. Cannot receive credit for both LAW 537 and LAW 637. 3(3-0) SO

LAW 539 Legal Regulation of International Commerce

Prerequisite: LAW 231; and undergraduate business majors must be admitted to degree program. Legal and ethical issues associated with doing business in a global economy. Difference in approach to contracting and merchandising; product standards, protection and liability; trade barriers and regulation of business practices. May be taught concurrently with LAW 639. Cannot receive credit for both LAW 539 and LAW 639. 3(3-0) D

LAW 550 Negotiation, Mediation, and Arbitration in Business

Prerequisite: 60 hours; and undergraduate business majors must be admitted to degree program. A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with BUS 550. May be taught concurrently with LAW 650. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650. 3(3-0) F,S

LAW 600 Legal Environment for Business Managers

Prerequisite: permission of a director of a College of Business Graduate Program. Contemporary legal and ethical issues encountered by business managers will be discussed, including issues related to torts, vicarious liability, products liability issues; formation and enforcement of contracts and sale of goods; regulatory environment affecting employment practices/discrimination, product advertising and environmental responsibility; economic development issues associated with environmental sustainability, property rights, constitutional law and city planning. Agency liabilities and fiduciary responsibilities of agents and managers in business organizations will be examined. An overview of the court system and legal dispute resolution mechanisms will be integrated. This course is primarily intended for MBA students who do not have equivalent undergraduate business law course work, and this course will not be counted in the hours required for a College of Business graduate degree. 3(3-0) F,SE

LAW 631 Labor Law and Employment Discrimination

Prerequisite: LAW 231 or LAW 600. Legal, regulatory, and ethical issues related to employer-employee relationship, including employment-at-will doctrine, discrimination and union contracts. May be taught concurrently with LAW 531. Cannot receive credit for both LAW 631 and LAW 531. 3(3-0) F

LAW 632 Legal Environment of Business Organizations for Professionals

Prerequisite: LAW 231 or LAW 600. Agency and employment responsibilities and liabilities facing new and traditional forms of business organizations are compared, along with selected tax and security regulation issues. Personal and real property concepts are examined, along with environmental exposure issues. Selected contract and UCC concepts are reviewed. Issue recognition, problem analysis approach and testing mechanisms are especially appropriate for individuals taking the CPA or other professional exams. May be taught concurrently with LAW 532. Cannot receive credit for both LAW 632 and LAW 532. 3(3-0) D

LAW 637 Environmental Regulation

Laws and government environmental regulation of air, water and soil quality, energy resources, solid and toxic waste disposal, storage tanks, toxic torts, labeling of toxic substances, recycling; ethical, public policy and international implications such regulations pose for business practices, natural resource utilization, health quality and biodiversity. May be taught concurrently with LAW 537. Cannot receive credit for both LAW 637 and LAW 537. 3(3-0) SO

LAW 639 Legal Regulation of International Commerce

Prerequisite: LAW 231 or LAW 600. Legal and ethical issues associated with doing business in a global economy. Difference in approach to contracting and merchandising; product standards, protection and liability; trade barriers and regulation of business practices. May be taught concurrently with LAW 539. Cannot receive credit for both LAW 639 and LAW 539. 3(3-0) D

LAW 650 Negotiation, Mediation, and Arbitration in Business

A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with BUS 650. May be taught concurrently with LAW 550. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650. 3(3-0) F,S

LAW 730 Seminar: Contemporary Legal Issues

Prerequisite: LAW 231 or LAW 600. In-depth study of selected contemporary legal issues and their impact on the environment of business. Exploration of legal resources relevant to the topics. 3(3-0) D

LAW 733 Legal Regulation of Competition and Monopoly

Prerequisite: LAW 231 and LAW 335; or LAW 600. Evolution of legal theory regarding governmental regulation of business. The judicial application of laws relating to anti-trust, price discrimination, entry regulation, rate making. 3(3-0) D