Standard

Updated: 08/28/06

RState Standard

* Institutionally Developed

*College: n/a

BAF 200 - Finance

Course Description

Provides an introduction to financial markets, institutions, and management in contemporary society. Emphasis is placed on developing an understanding of the financial markets in which funds are traded, the financial institutions participating in facilitating the trade of such funds, and the financial principles and concepts behind sound financial management. Topics include: financial systems of the United States, business finance management, and financing other sectors of the economy.

Competency Areas	Hours
Financial Systems of the United States	Class	5
Business Finance Management	D. Lab	0
Financing Other Sectors of the Economy	P. Lab/O.B.I.	0
	Credit	5

Prerequisite:

ACC 101

Course Guide

Competency	After completing this section, the student will:	Hours
		Class	D.Lab	P.Lab/ O.B.I.
FINANCIAL SYSTEMS OF THE UNITED STATES		12	0	0
Introduction	Define finance.
	Define financial functions in our economy.
Financial institution development	Discuss the development of financial institutions and intermediaries in our society.
Monetary system	Describe the monetary system of the United States.
Banking system	Describe the structure and operation of the banking system in the United States.
Federal Reserve system	Describe the Federal Reserve system of the United States.
Savings and investment	Discuss the savings and investment process in our economy.
BUSINESS FINANCE MANAGEMENT		24	0	0
Business financial management	Define business financial management functions.
Financial planning and working capital management	Discuss the concepts and principles behind financial planning and working capital management.
Business financing sources	Define short-term and long-term sources of business financing.
Time value of money	Discuss the concept of the time value of money.
Fixed asset management	Discuss the concepts and principles behind fixed asset management.
Long-term debt and equity financing	Discuss the concepts and principles behind long-term debt and equity financing.
Markets	Define markets for long-term business funds.
FINANCING OTHER SECTORS OF THE ECONOMY		14	0	0
Financing concepts and principles	Discuss financing concepts and principles for other sectors of the economy (e.g., government financing and consumer financing).

Suggested Resources

Ross, Westerfield, Jaffe. (1999) Corporate Finance. 5^th Edition. Irwin McGraw-Hill.