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Note: This is the 20122013 edition of the eCalendar. For the most recent publication, click here.

Certificate in Applied Finance (30 credits)

Offered by: Career & Professional Develop.     Degree: Certificate in Applied Finance

Program Requirements

This program aims to provide students with the appropriate competencies in the area of finance using learner-centered instructional methods so as to prepare them for a variety of careers in finance. The program is designed to provide a solid knowledge base in various finance related fields, such as corporate finance, investment banking and portfolio management, risk management, treasury finance, financial planning and sustainable financial management.

Note: There are two external prerequisite courses to the program, which must be taken prior to taking certain required courses in this program. Students who wish to apply for advanced standing for prerequisite courses must complete an Advanced Standing form at the time of admission or they may take an Exemption by Examination test. Prerequisites and corequisites are not included in the total credit requirements for the program.

Prerequiste Courses

  • CMSC 101 College Algebra and Functions (3 credits) *

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Management Science (CCE) : Linear and quadratic functions, exponential and logarithmic functions, applications. Sequences and series, mathematics of finance. Permutations and combinations. Introduction to probability. Matrices and systems of linear equations.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Hang Lau, Charles Roth (Fall) Paul Chouha, Charles Roth, Victor Gavrin (Winter) Hang Lau (Summer)

    • Prerequisite: CMSC 000 Foundations of Mathematics or Diagnostic Test
  • MGCR 211 Introduction to Financial Accounting (3 credits) *

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Brian Lindsay Davies, Edward Bierbrier, Ralph Cecere, Julia Scott, Erica Pimentel, Kimberly Ryan (Fall) David Farber, Kimberly Ryan, Edward Bierbrier, Samantha Welscheid, Walter Moschella (Winter) Edward Bierbrier, Karen Zajdman-Borden (Summer)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

* or by the Exemption by Examination Test

Corequisite Courses

  • MGCR 273 Introductory Management Statistics (3 credits) *

    Offered by: Management (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Management Core : Descriptive statistics, probability, random variables, binomial, poisson, normal distributions, sampling distribution of the mean, estimation, hypothesis testing, analysis of variance, tests of goodness of fit, simple linear regression, non-parametric statistics. Use of computer statistics package (no computer background needed). Application to problems in business and management.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Claude Gravel (Fall) Claude Gravel (Winter) Claude Gravel (Summer)

    • Prerequisite: CMSC 101 College Algebra and Functions or Diagnostic Test
    • Requirement for the Institute of Internal Auditors, CMA and CGA
  • MGCR 293 Managerial Economics (3 credits) *

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The course focuses on the application of economic theory to management problems and the economic foundations of marketing, finance, and production. Attention is given to the following topics: price and cost analysis; demand and supply analysis, conditions of competition.

    Terms: Fall 2012, Winter 2013

    Instructors: K Sheikholeslami Salmasi, Tariq Nizami (Fall) K Sheikholeslami Salmasi (Winter)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the CRA

* or by the Exemption of Examination Test

Required Courses (21 credits)

  • ACCT 354 Financial Statement Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm.

    Terms: Fall 2012, Winter 2013

    Instructors: Lynn Degrace, Sanjian Zhang, Jing Zhang (Fall) Jessica Nagy (Winter)

    • Prerequisites: MGCR 211 and MGCR 341
  • CFIN 300 Fundamentals of Financial Markets and Institutions (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course provides an introductory overview of the various financial markets and financial institutions. The focus will be on bonds, money, equity, foreign exchange, commodity, and derivatives, as well as the three main types of financial institutions: banks, insurance companies and investment firms.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Walter Moschella (Fall) Anas Aboulamer (Winter) Amr Addas (Summer)

  • CFIN 310 Short-Term Financial Management (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : Traditional concepts of the net present valuation, liquidity, collections, disbursements, company-bank relationships, cash forecasting, and short-term investing and financing, which provide an understanding of the role of working capital management in the operations of a firm.

    Terms: Fall 2012, Winter 2013

    Instructors: Julie Slater-Santini (Fall) Julie Slater-Santini (Winter)

    • Prerequisite: MGCR 211
  • CFIN 410 Investment and Portfolio Management (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course covers financial instruments such as stocks and bonds, formation and management of investment portfolios and evaluation of portfolio performance. Finance theories and investment practices relating to such additional topics as global portfolio diversification, investments by means of Initial Public Offerings, hedge funds, private equity and derivatives are presented.

    Terms: Fall 2012, Winter 2013

    Instructors: Raad Jassim (Fall) Raad Jassim (Winter)

    • Prerequisites: MGCR 211 and MGCR 341
  • FINE 342 Finance 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Aytek Malkhozov, Sujata Madan (Fall) Matthieu Bouvard, Zeeshanali Fazal (Winter) Larbi Hammami, Sujata Madan, Anas Aboulamer (Summer)

    • Prerequisite: MGCR 341
    • Restriction: For Finance Concentration/Major/Honours
    • Restriction: Only one of FINE 342 or FINE 343 can be counted for credit
  • FINE 482 International Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The international financial environment as it affects the multinational manager. Balance of payments concepts, adjustment process of the external imbalances and the international monetary system. In depth study of the institutional and theoretical aspects of foreign exchange markets; international capital markets, including Eurobonds and eurocredit markets.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Anas Aboulamer, Larbi Hammami (Fall) Larbi Hammami, Raad Jassim (Winter) Sujata Madan (Summer)

    • Prerequisite: MGCR 341
  • MGCR 341 Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An introduction to the principles, issues, and institutions of Finance. Topics include valuation, risk, capital investment, financial structure, cost of capital, working capital management, financial markets, and securities.

    Terms: Fall 2012, Winter 2013, Summer 2013

    Instructors: Larbi Hammami, Zeeshanali Fazal (Fall) Vadim di Pietro, Stephen Wong (Winter) Vadim di Pietro, Larbi Hammami, Stephen Wong (Summer)

    • Prerequisite: MGCR 271 or equivalent
    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

Complementary Courses (9 credits)

  • CFIN 200 Retirement Planning (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course addresses the various elements in the retirement planning process such as pension planning instruments, public and private pension plans, insurance, income tax, estate planning, and wills.

    Terms: Fall 2012, Summer 2013

    Instructors: Kelly Trihey (Fall) Messaoud Abda (Summer)

  • CFIN 305 Investor Behaviour (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : The emotional and psychological factors that impact investors' behaviour and decision making. Various market anomalies will be examined in the context of mean-variance efficiency theory, as well as typical forecasting errors, expert justifications and continued investor reliance on forecasting models in the context of psychological biases.

    Terms: Winter 2013

    Instructors: Amr Addas (Winter)

  • CFIN 401 Sustainable Finance and the Firm (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : The objective of this course is to understand how to assess and analyze the impact of Green House Gas regulations on corporations and their financial policies. Topics include capital budgeting, capital structure and corporate governance. Case studies will be used to illustrate sustainable corporate policies.

    Terms: This course is not scheduled for the 2012-2013 academic year.

    Instructors: There are no professors associated with this course for the 2012-2013 academic year.

    • Prerequisite: MGCR 211
  • CFIN 402 Business Valuation and Project Finance (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course provides a comprehensive analysis of alternative valuation models and techniques such as discounted cash flow and relative valuation methods. These techniques are applied to the valuation of various types of firms such as financial services, start ups, private and distressed firms, and firms with negative earnings.

    Terms: Fall 2012

    Instructors: Marc Deegan (Fall)

    • Prerequisites: MGCR 211 and MGCR 341
  • CFIN 403 Mergers and Acquisitions (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course applies theory from corporate finance to the analysis of mergers, acquisitions, and related transactions. The objectives of this course are to introduce the area of mergers and acquisitions and to develop and strengthen the presentation and research skills necessary for the investment banking or merger arbitrage industries.

    Terms: Winter 2013

    Instructors: Luc Mainville (Winter)

    • Prerequisites: MGCR 211 and MGCR 341
  • CFIN 421 Asset Liability Management (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Finance (CCE) : This course introduces the basic Asset Liability Management concepts of currency exposure, interest rate risk, and liquidity risk. It also introduces some basic tools to manage risks in banks and insurance firms.

    Terms: Fall 2012

    Instructors: Amr Addas (Fall)

    • Prerequisite: MGCR 211
  • CPDV 301 Risk Management (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Professional Devel : This course emphasizes the importance of decision-making criteria in selecting among the various alternatives available in risk management. Management techniques treated are: the risk management concepts and objectives; risk management in an organization and its effect on profits; risk management techniques; risk identification and analysis; forecasting and comparing risks; property risks; income risks; liability risks; personnel loss risks; probability analysis; risk management decision-making and capital budgeting methods.

    Terms: Fall 2012

    Instructors: Janice McGraw, Melissa Ng Wan (Fall)

  • CPDV 302 Risk Control (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Professional Devel : This course specifically explores the selection, implementation and monitoring of risk control techniques which are essential in preventing or minimizing potential losses before they occur. Fault tree study, statistical analysis, contractual liability reviews and in-house safety programs are detailed. The course will examine the two dimensions of loss, frequency and severity, with particular attention on losses to property, people, net income and liability.

    Terms: Winter 2013

    Instructors: Ronald Cross (Winter)

    • Prerequisite: CPDV 301
  • CPDV 303 Risk Financing (3 credits)

    Offered by: Career & Professional Develop. (School of Continuing Studies)

    Administered by: Centre for Continuing Education

    Overview

    Professional Devel : This course explores the fundamentals of risk financing as they relate to the risk management process. The identification, implementation and monitoring of Risk Financing Techniques will be analyzed within the following guidelines: framework for risk financing; criteria for risk financing technique selection; insurance as a risk financing technique; financing property, net income, liability and personnel losses; accounting and some income tax aspects of accidental losses; implementing risk retention available options, including use of affiliated insurers; insurance pricing, selection of insurers and their representatives; risk cost allocation.

    Terms: Winter 2013

    Instructors: Benjamin Eisenstat (Winter)

    • Prerequisite: CPDV 301
School of Continuing Studies—2012-2013 (last updated Apr. 29, 2013) (disclaimer)