Finance
This is an archived copy of the 2020-2021 catalog. To access the most recent version of the catalog, please visit http://catalog.mtmercy.edu.
The finance major prepares students to work in any of the major areas of the field of finance. These areas include commercial banking, financial planning, fixed income analyst, equity analyst, corporate financial analyst, investment banking, etc. Many of these areas are expected to grow in demand for the foreseeable future. The coursework required for this major gives students a well-rounded background in business and finance. Students will learn core financial skills and how to apply them. They will also learn to think analytically and solve problems in an uncertain environment.
Upon graduating, Finance majors should be able to: compute the cost of capital for a company and make capital budgeting decisions; make financial forecasts and analyze financial statements; and use discounted cash flow analysis and valuation metrics to value companies and their stocks.
See the Graduate section of this Catalog for more information on Graduate programs offered at Mount Mercy.
Courses
BA 101 Business 101: 1 semester hour
In preparation for their entry into the business department, students will explore skills necessary for success in the business world. They will explore all the business majors offered here so students gain an overall understanding of careers and courses of different majors and minors. This course will define professionalism and employer expectations. They will write two business orientated communications: email and two-page research project using APA. They will write a resume for an internship and prepare an elevator speech. They will explore the skills of teamwork, goal setting, assertive communication, and time management necessary to establish success in college and in the business environment. There will be a brief overview of all business department majors and associated careers, presented by the major coordinator, as well as introduction to business clubs, organizations, and Mount Mercy University volunteer missions.
BA 203 Principles of Law: 3 semester hours
This course provides a broad look at the American legal system. It includes a discussion of legal reasoning, the structure of the legal system, and several substantive areas of the law that are general practical interest. These specific topics include contracts, torts, administrative law, and agency law. Prerequisite: sophomore standing.
BA 240 Personal Financial Planning: 3 semester hours
This course examines basic financial skills which each of us must develop over our lifetime. Personal financial statements, calculating net worth, cash management tools, wise use of credit, and managing credit card debt are explored first. Also included is an overview of the federal tax system, tips to minimize the "tax bite", tax-deferred savings plans (IRA's and 401K's) and personal investing strategies for stocks, bonds, and mutual funds. In addition, topics will include the benefits of home ownership (tax savings and appreciation), use of escrow accounts, the benefits of mortgage and home equity debt, and the services a real estate broker can provide. The course also explores a variety of insurance products available (term life, permanent life, auto, medical), social security and retirement benefits, the basic provisions of a will, the use of trusts, and how to minimize gift/estate/inheritance taxes. The course may not be applied to any major or minor within the Business Administration Division.
BA 250 Technology & Communication In Business: 3 semester hours
In this course, students will study technology, research and communication as it relates to the business environment. Students will be expected to demonstrate proficiency in the use of computer software including word processing, spreadsheet, database and presentation. In addition, students will be required to complete a research paper using a specified format and to make a professional presentation using presentation software (i.e. PowerPoint). Research using the internet will be required. The various communication skills required of professionals in the business area will also be studied. This includes, but is not limited to, e-mail, team building, conducting a meeting and cooperative problem solving. This course is required of all business majors at Mount Mercy and must be taken at Mount Mercy. Prerequisites: Completion of the speech and freshman writing core curriculum requirements. Four-year Mount Mercy students take BA 250 during their sophomore year. All transfer students take BA 250 in their first semester at Mount Mercy or in the sophomore year if a freshman transfer.
BA 270 Business Statistics: 3 semester hours
This course studies descriptive and inferential statistics with an emphasis on business applications. Topics include: measures of central tendency, measures of dispersion, probability and probability distributions, confidence intervals, hypotheses testing, and an introduction to correlation and regression. Prerequisites: one year of high school algebra or MA 008 or departmental approval.
BA 300 Entrepreneurship: 3 semester hours
This course will teach students how to start and run their own business. Students will learn what constitutes an attractive investment opportunity, where to go for financing, how to keep accurate accounting records, and how to comply with state and federal tax laws. They will also learn about management, law, marketing, etc. Individual business owners will be utilized as speakers in the class. There will be a group project in which students will be required to develop a business plan. Prerequisites: BC 265, BC 266, BN 204, and BK 208.
BA 305 Employment Law and Labor Relations: 3 semester hours
This is a survey course that looks at the history and development of employment law in the United States. We will look closely at the current legal issues found in case law, statutory law and regulations. We will also study the labor relations and collective bargaining system addressing issues such as wages, benefits and grievance procedures. Formerly BA 205. Prerequisite: BA 203.
BA 310 Dispute Resolution: 3 semester hours
Conflict is a fact of life. How we resolve our differences with our friends, neighbors, bosses, employees, customers, government, spouse and children makes a difference. In this course we will look at the techniques of principled negotiation that will help reach a wise agreement that satisfies all parties. We will also discuss other dispute resolution processes such as litigation, mediation, and arbitration. Classes will include role-plays and group projects to practice the techniques studied. Formerly BA 210. Prerequisite: BA 203.
BA 320 Applied Financial Reporting: 3 semester hours
This course will teach students how to analyze financial statements in detail. The financial statements will be approached from the users' perspective rather than the preparers' perspective. The course will combine the case approach with the lecture approach so students can apply the concepts learned to real businesses. Prerequisites: BC 265 and BC 266.
BA 344 Investments: 3 semester hours
This course teaches students about a broad range of investment opportunities as well as how to analyze those opportunities. These opportunities are discussed in conjunction with investment goals. Additionally the course teaches students about various securities valuation techniques. Prerequisites: BC 265 and BC 266.
BA 350 Risk Management: 3 semester hours
This course involves an overview of the managerial and administrative processes designed to minimize loss and the impact on the organization. This includes general liability, product liability, property damage, and worker's compensation. In this course students also examine methods used to evaluate both business and personal risk with particular emphasis on which methods can be used to minimize such risk in a cost-effective manner. Prerequisite: sophomore standing.
BA 360 Securities Analysis: 3 semester hours
This course is intended to be a follow-up course to the Investments course. This course will involve a very hands-on approach to valuing entire entities. Students will learn how to assess the prospects and the risk of a company and they will learn to value companies using a variety of approaches such as discounted cash flow analysis and various valuation metrics. Prerequisite: BA 344.
BA 370 Quantitative Methods For Business: 3 semester hours
This course will expand on the material covered in the introductory course and introduce the topics of multiple regression and correlation, nonparametric methods of analysis, index numbers, time series analysis, decision making under uncertainty, and statistical quality control. Prerequisite: BA 270.
BA 371 Sport Event and Facility Management: 3 semester hours
This course provides students with an understanding of how sport events and facilities are managed. Students will analyze and evaluate management aspects like daily operations and functions, staffing, sponsorships, budgets, short- and long-term planning, and risk, emphasizing their application in practical situations. Prerequisite: BN 204 or instructor permission.
BA 373 Sports Law: 3 semester hours
This course focuses on covering topics of professional and non-professional sports law issues. It includes a focus on the regulatory nature of domestic and international sport to include interscholastic, intercollegiate and Olympic sports. Integrated topics will include governing bodies such as the NAIA, NCAA and professional level regulations related to the use of agents, gender-related issues surrounding Title IX, testing for performance enhancing drugs, labor unions and current topics in sporting law. Prerequisite: BA 203.
BA 375 Financing Sports Organizations: 3 semester hours
This course builds upon courses in finance and accounting with application to the financial management of a sporting organization related. This includes refining skills in fiduciary responsibility while covering topics in financial analysis, business analytics, environmental/economic scanning, and taxation to help in managing decisions. Prerequisite: BC 265 and BC 266.
BA 379 Financial Management: 3 semester hours
This is a decision-oriented course that emphasizes maximization of shareholder wealth. It includes a study of such concepts as cash flow, ratio analysis, financial forecasting, leverage, the time value of money, the capital budgeting process, and securities valuation. Prerequisites: BC 265 and BC 266.
BA 420 Cases In Finance: 3 semester hours
This course will teach students how to analyze financial cases. The case method of instruction simulates the "real world" by exposing students to actual situations where financial decisions must be made. Students must use their prior knowledge of finance and common sense to arrive at recommendations for each case. This process should enable students to sharpen their technical finance skills and enhance their ability to use subjective judgment in decision-making. Prerequisite: BA 344 and BA 379.
BA 425 Finance Internship: 3 semester hours
Students may take advantage of internship opportunities which become available in the field of finance. These internships include off-campus supervision at local businesses and periodic conferences with the on-campus instructor. The on-campus instructor will determine any further requirements on an individual basis. (Maximum of one semester credit for each 3 hours per week for the semester spent at an outside company up to a maximum of 6 semester hours).
BA 430 Selected Topics in Business: 3 semester hours
This course includes an examination of major issues or topics in business. Course content and subtitle will vary. The course may be repeated with consent of the instructor.
BA 435 Senior Seminar in Business: 3 semester hours
Capstone course designed to integrate knowledge of marketing, finance, economics, management, and accounting to be applied to various types of business and institutional situations. The method of instruction includes case studies, class discussion and readings. Prerequisites: BA 250, BA 379, BK 208, BN 204 and senior standing.
BA 436 Business Strategy Seminar: 3 semester hours
This is a capstone course designed to assist the student to integrate and apply knowledge of marketing, finance, economics, management, and accounting in the student's field of interest. Students will develop strategic plans using theoretical and actual case studies. This course is the required capstone course in the Business major in the Advance program. Prerequisites: BN 204, BK 208, BA 379.
BA 445 Business Administration Independent Study: 3 semester hours
If a student wishes to do individual study and/or research of a particular topic, he/she should contact the appropriate member of the department as a supervising instructor, as well as register through and obtain consent of his/her advisor.
Core Requirements for all Business Majors
BA 203 | Principles of Law | 3 |
BA 250 | Technology & Communication In Business | 3 |
BA 270 | Business Statistics | 3 |
BA 379 | Financial Management | 3 |
BA 435 | Senior Seminar in Business | 3 |
or BA 436 | Business Strategy Seminar | |
BC 265 | Principles Of Accounting I | 3 |
BC 266 | Principles Of Accounting II | 3 |
BN 204 | Principles Of Management | 3 |
BK 208 | Principles Of Marketing | 3 |
EC 251 | Macroeconomics Principles | 3 |
EC 252 | Microeconomic Principles | 3 |
Select one of the following: | 3 | |
Finite Mathematics | ||
Basic Mathematical Modeling | ||
Pre-Calculus | ||
Mathematics Modeling | ||
Business Calculus | ||
Calculus I (Required for Actuarial Science Majors) | ||
Total Hours | 36 |
Finance Major (Core business requirements plus 18 additional semester hours)
BA 344 | Investments 1 | 3 |
BA 420 | Cases In Finance | 3 |
EC 366 | Money and Banking 2 | 3 |
One BC course numbered 300 or above | 3 | |
Select two of the following: | 6 | |
Applied Financial Reporting | ||
Risk Management | ||
Securities Analysis | ||
Finance Internship | ||
Total Hours | 18 |
1 | Can NOT double count for the management or business majors or economics minor. |
2 | Cannot double count for management or business majors but does double count for economics minors. |
Academic Requirements for the Finance Major
All finance majors must achieve a minimum grade of C- in each of the following courses: BC 265 Principles Of Accounting I, BC 266 Principles Of Accounting II, BA 344 Investments, BA 379 Financial Management, BA 420 Cases In Finance, EC 251 Macroeconomics Principles, EC 252 Microeconomic Principles, EC 366 Money and Banking, and the upper level accounting course as well as both finance electives. This applies to equivalent courses transferred from other institutions.
See additional Academic Requirements for all business department majors and minors found in the Business Administration section of the Catalog.
Finance Minor
BA 344 | Investments 1 | 3 |
BA 379 | Financial Management | 3 |
BA 420 | Cases In Finance | 3 |
BC 265 | Principles Of Accounting I | 3 |
BC 266 | Principles Of Accounting II | 3 |
EC 251 | Macroeconomics Principles | 3 |
EC 252 | Microeconomic Principles | 3 |
EC 366 | Money and Banking 2 | 3 |
One Accounting course numbered 300 or above | 3 |
1 | Cannot double count for the management or business majors or economics minor. |
2 | Cannot double count for management or business majors but does count for economics minor. |
All finance minors must achieve a minimum grade of C- in each of the following courses: BC 265 Principles Of Accounting I, BC 266 Principles Of Accounting II, BA 344 Investments, BA 379 Financial Management, BA 420 Cases In Finance, EC 251 Macroeconomics Principles, EC 252 Microeconomic Principles, EC 366 Money and Banking, and the upper level accounting course.
See Academic Requirements for all business department majors and minors found in the Business Administration section of the Catalog.