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2024-2025 Academic Year

Fall 2024

INBM 110 Fundamentals of Accounting
This is a core course designed to provide students with a fundamental knowledge of the "language of business" and its applications for decision-making purposes. The course is organized into three sections. In the first section students learn about the accounting cycle- essentially the analysis and recording of financial transactions and the preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP). The second section of the course focuses on the analysis and interpretation of financial statements. This section emphasizes the use of financial information by external stakeholders for decision making. The third section of the course concentrates on the fundamentals of management accounting. This section centers on the use of accounting information for operational performance evaluation as well as operational and capital decision making. By the end of the course, students will understand the basic principles and concepts of accounting, the business and economic activities that generate accounting information, how accounting information is used by internal and external stakeholders for economic decision making, and how accounting affects society and individuals.

INBM 300 Investments
This course is a basic course in investment analysis and portfolio management. We will cover the core concepts of finance theory - namely, the capital asset pricing model, risk-return trade-offs, analysis of bond pricing, and equity valuation. In addition, we will look at the organization and functioning of capital markets, asset allocation strategies, some basic principles of options and futures markets and finally global portfolio management. This course will use problem-solving and Excel spreadsheet analysis to apply the theoretical concepts. Prerequisite: INBM 110

INBM 300 Investments
This course is a basic course in investment analysis and portfolio management. We will cover the core concepts of finance theory - namely, the capital asset pricing model, risk-return trade-offs, analysis of bond pricing, and equity valuation. In addition, we will look at the organization and functioning of capital markets, asset allocation strategies, some basic principles of options and futures markets and finally global portfolio management. This course will use problem-solving and Excel spreadsheet analysis to apply the theoretical concepts. Prerequisite: INBM 110

Spring 2025

INBM 250 Finance
Knowledge of finance will allow students to adopt the perspective of financial officers in both for-profit as well as not-for-profit organizations. This knowledge is needed to evaluate the health of an organization using key performance indicators and making ethical decisions that involve both short-run and long-run planning horizons. In the short run, this knowledge helps to effectively carry out business functions such as managing cash flow, borrowing money for short periods of time, and keeping control over inventory. In the long run, it helps to choose among competing investment projects and alternative, efficient methods of raising capital. Also, as individuals, knowledge of basic finance will help students to make better-informed decisions concerning their personal financial situations. Apart from covering the fundamentals of financial markets, instruments and institutions, this course will emphasize critical thinking based on quantitative reasoning and decision-making skills. This will include the use of elementary statistical and algebraic methods to investigate fundamental principles of theoretical finance such as the relationship between risk and reward and the pricing of capital assets. Apart from basic theory, knowledge of the hands-on aspects of financial modeling will be imparted via use of spreadsheet software packages such as Microsoft EXCEL; whereby students will be encouraged to create and analyze computational models to test and demonstrate some of the theoretical concepts taught. Prerequisites: ECON 111 and INBM 110.