Descripción General de un VTS

The Portfolio program yields UMUC credit for learning acquired outside the classroom.

The course in experiential learning (designated EXCL), as well as credit earned through the program, may be applied toward • appropriate majors and minors;

• general education requirements (according to content) as appropriate; and

• electives.

Information about this program is given on p. 228. Details, an application form, and an online orientation are also available on the Web at www.umuc.edu/priorlearning.

EXCL 301 Learning Analysis and Planning (3)

Prerequisite: Formal admission to the program. (Students should visit www.umuc.edu/priorlearning or contact priorlearning@umuc.

edu for complete requirements.) Instruction in the preparation

of a portfolio documenting college-level learning gained through life experiences. Focus is on defining goals, documenting learn- ing gained through experience, and analyzing the relationship of experiential learning to conventional learning. Completed port- folios are evaluated by faculty to assess possible award of credit; up to 30 credits may be awarded.

INFORMATION ON COURSES

Finance

Courses in finance (designated FINC) may be applied as appro- priate (according to individual program requirements) toward • a major in finance, business administration, global business

and public policy, human resource management, management studies, or laboratory management;

• a minor in finance, business administration, international business management, or strategic and entrepreneurial management;

• a certificate in various business-related areas; and • electives.

FINC 310 Entrepreneurship and New Venture Planning (3)

(Formerly BMGT 330.) Recommended: BMGT 364. An over- view of entrepreneurship and planning new business ventures for aspiring entrepreneurs and managers. The objective is to create and present a high-quality business plan for a new venture using marketing research and financial analytical techniques. Top- ics include profiles of entrepreneurs; benefits, risks, and chal- lenges; financial management; access to capital; and franchising. Students may receive credit for only one of the following courses: BMGT 330, FINC 310, MGMT 330, or SBUS 200.

FINC 321 Fundamentals of Building Wealth (3)

(Formerly BMGT 342. For students majoring in both business and nonbusiness disciplines.) A practical overview of personal finance management and wealth creation that blends financial theory and application. The goal is to develop personal financial management skills (e.g., budgeting income and expenditures and planning for financial security and retirement) and understand elements of the U.S. financial structure (including savings and investment alternatives, financing and credit sources, and the role of insurance in protecting income and assets). These skills are utilized in the development of a personal financial plan. Students may receive credit for only one of the following courses: BMGT 342, BMGT 388F, BMGT 388N, FINC 321, or FINC 322.

FINC 330 Business Finance (3)

(Formerly BMGT 340.) Prerequisites: ACCT 221 and STAT 230. An overview of the theory, principles, and practices of financial management in a business environment. Topics include financial analysis and financial risk, characteristics and valuations of securities, capital investment analysis and decision making, the capital structure of the firm, financial leverage, and international finance. The aim is to examine financial information, identify issues and solve business problems, and make sound business decisions. Emphasis is on the application of financial theory and methods for solving the problems of financial policy that manag- ers face. Students may receive credit for only one of the following courses: BMGT 340, FINC 330, MGMT 398D, or TMGT 320.

FINC 331 Finance for the Nonfinancial Manager (3)

(Formerly BMGT 341.) Development of the financial skills needed by functional experts in human resources, marketing, production, and general management. The objective is to inter- pret finance and accounting documents and apply that informa- tion to sound business decision making. Topics include financial statements and forecasting, capital budgeting, project evaluation, working capital management, stocks and bonds, time value of money, and international financial management. Emphasis is on practical applications to facilitate informed discussions with busi- ness professionals for financial decision making. Students may receive credit for only one of the following courses: BMGT 341 or FINC 331.

FINC 340 Investments (3)

(Formerly BMGT 343.) Prerequisite: FINC 330. An introduc- tion to financial investments and portfolio management. The goal is to evaluate and critically analyze asset selection and alloca- tion and perform basic portfolio management activities. Topics include types of securities and securities markets; investment risks, returns, and constraints; portfolio policies and manage- ment; and institutional investment policies. Theories, practices, and real-world examples are examined and analyzed. Students may receive credit for only one of the following courses: BMGT 343 or FINC 340.

FINC 351 Risk Management (3)

(Formerly BMGT 346.) Prerequisites: FINC 330 and 340. A study focused on recognizing and evaluating pure risk facing organizations. The aim is to identify risks to cost control and develop risk management strategies. Discussion covers guides for risk-management decisions concerning the retention, control, and transfer of risk (including insurance). Students may receive credit for only one of the following courses: BMGT 346 or FINC 351.

FINC 352 Life and Health Insurance (3)

Prerequisites: FINC 330 and 340. A study of the tools and principles of life insurance and health insurance in financial planning for businesses and individuals. The goal is to assess personal needs in order to determine which types of life and health insurance plans fit best. Topics include pension planning strategies, such as deferred-compensation and profit-sharing plans; use of trusts in business and in planning individual estates; and comprehensive analysis of the effects of income taxes, estate taxes, and gift taxes on life insurance programming and estate planning. Students may receive credit for only one of the follow- ing courses: BMGT 347 or FINC 352.

FINC 410 Managing Early-Stage Business and Entrepreneurial Ventures (3)

Recommended: FINC 310. A project-driven study of financial management in a new venture environment. The goal is to evalu- ate, improve, and implement a business plan using financial and marketing analysis to determine advantages and risks critical to successful venture development. Discussion also covers managing resources by creating and enhancing relationships with stake- holders. Students may receive credit for only one of the following courses: BMGT 436, BMGT 461, FINC 410, or MGMT 461.

FINC 421 Financial Analysis (3)

(Formerly BMGT 498Q. For students with general business interests, as well as those majoring or minoring in accounting or finance.) Prerequisites: FINC 330 and 340. An analysis and interpretation of financial statements directed at the decision- making needs of managers, stockholders, and creditors. Top- ics include assessment of business performance, projection of financial requirements, analysis of capital investment decisions and financing choices, risk assessment, and valuation. Students may receive credit for only one of the following courses: BMGT 498Q or FINC 421.

FINC 430 Financial Management (3)

Prerequisites: FINC 330 and 340. A study of financial manage- ment. The objective is to apply financial principles and concepts to assess and solve financial problems and make financial and corporate policy at the executive level. Topics include assessments of the financial health of the organization, company valuation, cost of capital, risk analysis, investment decisions, and financial systems and capital markets. Students may receive credit for only one of the following courses: BMGT 440 or FINC 430.

FINC 440 Security Analysis and Valuation (3)

(Formerly BMGT 443.) Prerequisites: FINC 330 and 340. A comprehensive and quantitative examination of financial invest- ments and portfolio management. The aim is to quantitatively evaluate and value assets, critically analyze asset selection and allocation, and apply financial statistics and other evaluation methods to perform basic portfolio management activities and functions. Topics include the analysis, valuation, and selection of securities; investment risks, returns, and constraints; portfo- lio policies and management; institutional investment policies; and the operation and efficiency of financial markets. Theory, practice, and real-world examples are analyzed to value financial assets and compare alternatives. Students may receive credit for only one of the following courses: BMGT 443 or FINC 440

FINC 441 Financial Derivatives and Portfolio Risk Management (3)

(Formerly BMGT 444.) Prerequisites: FINC 330 and 340. A comprehensive and quantitative examination of risk manage- ment, financial engineering, and financial derivatives. Focus is on the application of financial derivatives to mitigate risk, enable investment strategies, and improve portfolio performance. Topics include risk management; hedging; speculation; stock and other options; structure of futures prices; interest-rate futures; and efficiency in futures and forwards markets, swaps, and synthetic securities. Discussion also covers investment risks, returns, and constraints; portfolio policies and management; institutional investment policies; and the operation and efficiency of financial markets. Theory, practice, and real-world scenarios are analyzed to value financial assets and compare alternatives. The objective is to quantitatively evaluate and value assets, critically analyze asset selection and allocation, and apply financial statistics and other evaluation methods to perform basic portfolio management. Students may receive credit for only one of the following courses: BMGT 444 or FINC 441.

FINC 450 Commercial Bank Management (3)

(Formerly BMGT 445.) Prerequisites: FINC 330 and 340. An analysis of commercial bank management. The aim is to examine how the changing commercial banking environment has affected profitability and evaluate bank business strategies. Discus- sion covers the loan function and the management of liquidity reserves, investments for income, and sources of funds. The objectives, functions, policies, organization, structure, services, and regulations of banks are considered. Students may receive credit for only one of the following courses: BMGT 445 or FINC 450.

INFORMATION ON COURSES

FINC 451 Financial Markets and Institutions (3)

Prerequisites: FINC 330 and 340. An advanced study of finan- cial markets and institutions. The goal is to determine profit- earning strategies of financial institutions; assess the impact of government regulations on financial markets, institutions, and the global economy; and analyze major financial crises and their effects on the global financial landscape. Topics include various types of financial products, markets, and institutions, includ- ing the Federal Reserve, the World Bank, and the International Monetary Fund.

FINC 460 International Finance (3)

Prerequisites: FINC 330 and 340. An analysis and discussion of financial management issues for the multinational enterprise. The aim is to use financial and economic strategies in quantita- tive decision making. Topics include the organization and func- tions of the foreign exchange market and international capital markets; financing foreign trade; and identifying, analyzing, and evaluating the globalization strategies of the multinational enter- prise. Students may receive credit for only one of the following courses: BMGT 446 or FINC 460.

FINC 486A Internship in Finance through Co-op (3)

Prerequisite: 9 credits in the discipline and prior Co-op pro- gram approval (requirements detailed on pp. 228–29 and online at www.umuc.edu/coop). The integration of discipline-specific knowledge with new experiences in the work environment. Tasks include completing a series of academic assignments that parallel work experiences.

FINC 486B Internship in Finance Through Co-op (6)

Prerequisite: 9 credits in the discipline and prior Co-op pro- gram approval (requirements detailed on pp. 228–29 and online at www.umuc.edu/coop). The integration of discipline-specific knowledge with new experiences in the work environment. Tasks include completing a series of academic assignments that parallel work experiences.

FINC 495 Contemporary Issues in Finance Practice (3)

(Intended as a final, capstone course to be taken in the student’s last 15 credits.) Prerequisites: FINC 330 and 340. A study of finance that integrates knowledge gained through previous coursework and experience and builds on that conceptual foun- dation through integrative analysis, academic research, practical application, and critical thinking. Emerging issues in finance and business are considered. Individual and group case studies and research papers are used to integrate key financial knowledge in the areas of financial analysis, investments, business valuation, risk, and international finance. Students may receive credit for only one of the following courses: BMGT 495 or FINC 495.