Students will learn how competition for capital in Capital Markets establishes metrics and measures used to understand financial performance of the firm. The course introduces the finance view of the firm and the application of value creation principles to firm decision making. The course presents the centrality of cash flows, the theoretical foundations for Time Value of Money, decision tools for investment of capital, basic valuation of stocks and bonds, and the theoretical foundations for the impact of risk on the required return on investor capital.
prereq: ACCT 2050 or ACCT 2051 or ACCT 2051H; SCO 2550 or BA 2551 or equivalent statistics course