Catalog - University of Maryland University College

FIN 620 Long-Term Financial Management (3)(Formerly ADMN 633.) Prerequisite: FIN 610. An explorationof the long-term financial needs of an organization andthe roles of the capital markets. Topics include the financialenvironment of organizations, options and futures instruments,long-term financing, the capital budgeting decision process,capital structure management, dividend and share repurchasepolicy, and investment banking and restructuring. Various typesof long-term funding sources—including term loans, derivatives,debt and equity securities, and leasing—are analyzed. Alternatepolicies related to financial leverage, capital structure, dividends,and the issuance of preferred stock are evaluated. Mergers, leveragedbuyouts, and divestitures are examined as special situationsto create value.FIN 630 Investment Valuation (3)(Formerly ADMN 634.) Prerequisite: FIN 610. An in-depthexploration and application of valuation models to supportmanagerial decision making in a strategic framework. Thetheory, concepts, and principles underlying the valuation offirms, business/product lines, and mergers and acquisitionsare addressed using extended exercises and applications. Thediscounted cash flow model is used as a tool. Discussion coversthe financial drivers of value, including assessing and determiningrisk, competitive advantage period, and sales and earningsgrowth estimates. Other valuation techniques using earnings,revenues, and price/earnings multiples are also discussed andapplied in selected examples.FIN 640 Multinational Financial Management (3)(Formerly ADMN 639.) Prerequisite: FIN 610. A study offinancial management issues in multinational organizations.Topics include the environment of international financialmanagement, foreign exchange markets, risk management,multinational working capital management, and foreigninvestment analysis. The financing of foreign operations,international banking, and the role of financial managementin maintaining global competitiveness are also considered.FIN 645 Behavioral Finance (3)Prerequisite: FIN 630. A study of the key psychological obstaclesto value-maximizing behavior and steps that managers can taketo mitigate their effects, using the traditional tools of corporatefinance. Focus is on understanding the underlying factors andprocesses that result in nonoptimal decision making by financialmanagers. Topics include perceptions about risk and rewardand financial decision making in the areas of valuation, capitalbudgeting, capital structure, dividend policy, agency conflicts,corporate governance, and mergers and acquisitions. Readingsand exercises explore the psychological basis of nonoptimal decisionmaking from the perspective of the individual investor.FIN 660 Strategic Financial Management (3)(Formerly FIN 670.) Prerequisites: FIN 610, 620, and 630. Anintegrative study of financial management through applied problemsand case studies. Topics reflect the changing environmentof financial management in organizations and include capitalinvestment decision making, the role of intangibles in value creation,financial performance metrics, strategic financial planningand control, strategic valuation decisions, growth strategies forincreasing value, the restructuring of financial processes, corporategovernance and ethics, value-based management, strategiccost management, and the impact of information technology onthe organization’s financial systems. A finance simulation is usedas an integrating mechanism.HAIN (Health Administration Informatics)HAIN 661 Health Administration Informatics (3)An integrative study of how information technology (IT) can beused by health care administrators to optimize individual practiceand promote organizational effectiveness. Emphasis is on thestrategic value of data and how the management, synthesis, andtransformation of data affects both tactical and strategic decisionmaking throughout the health care and IT enterprise. Topicsinclude data structure, management, and manipulation and theirimplications for decision making; strategic information systemsplanning; e-health; local, national, and global IT policies andpractices that affect the delivery of health care services; and thelegal and ethical issues related to IT and their implications onpractice for the health care administrator. Evolving industry andglobal initiatives that affect the practice of health care administrationare considered.w w w.umuc.edu / grad 103