Typically offered only during the fall semester. A study of the development, implementation, and control of financial plans, strategies, and policies by owner-managers of small firms. Financing alternatives for small firms are explored. This course includes operation of commercial banks, trust companies, Federal Reserve Banks, and other credit institutions. Federal Reserve Board and its function, rediscounting, open market operations, types of notes issued, and their relation to the Federal Reserve System are stressed.
Special attention is given to recent bank legislation.
This course includes an in depth study of some of the tools used in financial management. Problems in the valuation of securities, capital costs, capital budgeting, risk analysis, capital structure, financial statement analysis, and dividend policy are stressed. Some areas of study are international market forces that affect interest rates and currency values, hedging currency positions, and financing capital budgeting for the multi-national firms. Typically offered only during the fall semester. Emphasis is placed on credit management and the place of credit in the financial structure.