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Finance
Faculty:
Mr. Bob Taylor
Mr. Joe Walsh
Lees-McRae College offers a Bachelor of Science and a Bachelor of Arts Degree in Business Administration with a Concentration in Finance. This concentration allows students to acquire a broad range of financial concepts, theories, and applications of those concepts and theories. At completion, students will have a base knowledge on which to build a career in the financial services industry, including but not limited to: banking, financial advising, and corporate financing.
Course Offerings:

Course Descriptions:
A study of financial and monetary systems with a focus on financial markets and institutions in the United States. Current issues, the problems and effectiveness of monetary policy and financial regulations and their impact upon individual households and businesses and the instruments of central banking policy are considered.
BUS 375 Commercial Bank Management (3)
This course is a study of decision-making involved in
operating a commercial financial institution. A major emphasis is placed
on managing traditional bank assets and liabilities to offer an
understanding of how banks operate successfully.
Prerequisite: BUS
372.
BUS 377 Finance Management (3)
This course is an intermediate study of the financial
functions of a business conducted from the standpoint of the financial
manager's role of analysis, planning, and control. A major emphasis is
placed on working capital management, capital structure optimization,
capital budgeting, valuation, dividend policy, and required return.
Prerequisite: BUS 372.
BUS 472 Financial Decision Making (3)
This course is an application of the financial decision making strategies. A focus is placed on financial statement analysis, forecasting, and their uses in actual decision making involving risk and return. Prerequisite: BUS 372.
BUS 474 Investment Management (3)
This course is an introduction to managing investments
including security analysis. A major emphasis is placed on understanding
the various types of investments as well as researching using a variety
of resources and tools to determine economic, market, and investment
conditions/trends. This information will be used to manage individual
securities as well as a portfolio of investments. Additional emphasis
will be given to stock valuation, risk, and return.
Prerequisite: BUS
372.
BUS 476 International Finance (3)
This course is a study of the financing functions of
multinational companies. A major emphasis is placed on monetary exchange
rates including its behavior and risk management. Additional emphasis is
placed on international trade, international operations, and
international capital budgeting.
Prerequisite: BUS 372.