500

This course will prepare managers to interpret financial reports and to develop insights that will inform strategic decisions. Students will acquire an understanding of the accounting cycle, how financial statements are constructed, and how they can support managerial decisions. They will interpret financial statements, draw constructive conclusions about the financial health of organizations, and use ratio analysis and other techniques to develop recommendations for corrective or developmental action. Students will evaluate potential sources of funding and the impact of decisions on an organization's finances, including on its cash flow. They will apply discounted cash flow principles and techniques to inform capital budgeting and other strategic decisions. Students will also apply principles of biblical stewardship to financial problems. Application and implementation of course theories and concepts in an organizational setting will be addressed through embedded, experiential learning experiences and activities within the course.

The course examines the foundational principles of financial planning including the financial planning process, the CFP Code of Ethics, financial and cash flow statements, financial institutions and services, financing strategies, economic concepts, and the impact of business and consumer protection law. Throughout this course, the student will integrate biblical wisdom and the Virtuous Business Model into the foundations of personal financial planning.

This course focuses on the practice of risk management through the use of insurance. The student will learn the principles of risk and insurance, the analysis and evaluation of risk exposures, health insurance and healthcare cost management (individual and group), disability insurance (individual and group), and long-term care insurance, and long-term care planning (individual and group). Other topics include qualified and non-qualified annuities, life insurance (individual and group), business owner insurance solutions, insurance needs analysis, and insurance policy and company selection. This course also covers client and planner attitudes, values, and biases, behavioral finance, sources of money conflict, principles of counseling, general principles of effective communication, and crisis events with severe consequences. Throughout this course, a biblical perspective of investment and risk management will be applied.

This course focuses on investment planning and covers the characteristics, uses and taxation of investment vehicles, types of investment risk, market cycles, quantitative investment concepts and measure of investment returns, asset allocation and portfolio diversification, and bond and stock valuation concepts. Topics include portfolio development and analysis, investment strategies, and alternative investments and liquidity risk. Throughout the course, the student will develop a comprehensive, biblical perspective of investing. Students will personalize the Virtuous Business Model for their financial planning career.

This course examines the fundamental and current tax law, income tax fundamentals and calculations, characteristics and income taxation of business entities, and the income taxation of trusts and estates. The student will learn tax reduction/management techniques, the tax consequences of property transactions, tax implications of special circumstances, and charitable/philanthropic contributions and deductions. Other topics include the CFP Board's Code of Ethics and Standards of Conduct, the CFP Board's Procedural Rules, the function, purpose, and general structure of financial institutions, financial services regulations and requirements, consumer protection laws, and fiduciary standards and application. Throughout this course, students interpret taxes using biblical principles.

The course focuses on retirement needs analysis, Social Security and Medicare planning, eldercare and special needs planning, types of retirement plans, and qualified plan rules options, key factors affecting plan selection for businesses, distribution rules and taxation, retirement income and distribution strategies, and business succession planning. Other topics include the income and distribution strategies, and business succession planning. Other topics include the time value of money concepts and calculations, education needs analysis, education savings vehicles, education funding, and gift/income tax strategies. Throughout this course, the student will develop a comprehensive, biblical perspective of retirement.

This course entails the application of accounting concepts, financial information, and analytical tools for managerial decision making. Students will acquire a basic understanding of generally accepted accounting principles, use financial ratios and other methods to analyze financial statements, project cash flows, and perform time value of money calculations. They will gain knowledge for managing business budgets and use risk adjusted techniques to evaluate international market prices of stocks and bonds.

This course synthesizes the principles and practices of financial planning. The student will demonstrate a comprehensive understanding of the content found within the Financial Planning curriculum and effectively apply and integrate this information in the formulation of a financial plan, and effectively communicate the financial plan, both orally and in writing, including information based on research; peer, colleague, or simulated interaction; and results emanating from synthesis of material. The student will collect all necessary and relevant qualitative and quantitative information required to develop a financial plan, and analyze personal financial situations, evaluating clients' objectives, needs, and values to develop an appropriate strategy within the financial plan. The student will demonstrate logic and reasoning to identity the strengths and weaknesses of various approaches to a specific problem, evaluate the impact of economic, political, and regulatory issues with regard to the financial plan, and apply the CFP Board's Financial Planning Practice Standards to the financial planning process. Students will also integrate biblical principles of leadership, discipleship, stewardship, decision-making, question-asking, and goal-setting involved in the financial planning process. Prerequisite: Successful completion of all financial planning courses

This course focuses on property titling and beneficiary designations, strategies to transfer property, estate and incapacity planning documents, gift, estate, GST Tax compliance and calculations, and sources for estate liquidity. The student will also learn the types, features, and taxation of trusts, the marital deduction, intra-family and other business transfer techniques, postmortem estate planning techniques, planning for divorce, unmarried couples and other special situations, and planning for special needs and circumstances. Throughout the course, the student will develop a comprehensive, biblical perspective of estate planning.

Students in this course will develop a comprehensive biblical worldview concerning work, finances, and the calling to be a Christian advisor. They will integrate that worldview into financial decision making and the wealth transfer process. Students will defend a biblical perspective on the five uses of money, promote biblical stewardship as a foundational principle in developing financial plans, and develop a commitment to giving as a method of kingdom building.

In this course, the student will study the discipline of financial management by calculating and interpreting capital budgeting methodologies, formulating and analyzing the required rate of return on capital, designing and managing the optimal capital structure for an organization, determine appropriate credit and payment terms, and create appropriate short-term financing and working capital strategies. Students will also model cash forecasting and evaluate company performance to its annual objectives. A biblical and ethical framework will be integrated throughout the course to help guide financial management decision-making. Application and implementation of course theories and concepts in an organizational setting will be addressed through embedded, experiential learning experiences and activities within the course. Prerequisite: FINC-510 or FINC-525