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. Topics include principles of risk and insurance, analysis and evaluation of risk exposure, health and health care cost management, disability income insurance, long-term care insurance, life insurance, taxation of life insurance, business uses of insurance, insurance needs analysis, and insurance company and policy selection. The course also includes the foundational principles of financial planning, including the financial planning process. Throughout this course, students will integrate biblical principles and the Virtuous Business Model into risk management.

This course focuses on investment planning. Topics include the characteristics, investment vehicles, various quantitative measures used in evaluating investments, client portfolios formulation, evaluating investment strategies, and diversifying asset allocations. 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 income tax system for individuals, trusts, estates, and business entities. Students will study income tax law fundamentals and calculations, tax compliance, basis, income taxation of trusts and estates, Alternate Minimum Tax, tax reduction management techniques, passive activity, at-risk rules, tax implications of special circumstances, and charitable contributions. Students will also study the CFP Board Code of Ethics. Throughout this course, students interpret taxes using biblical principles.

The course focuses on analyzing client retirement needs, differentiating between retirement plans, evaluating the rules and tax implications of retirement plans, applying the Social Security system to the financial planning process, recommending retirement plans for businesses, and selecting suitable client investments. The course also covers regulatory considerations, distribution rules and taxation, retirement income and distribution strategies, education needs analysis and funding, and business succession planning. 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. Students will create financial and cash flow statements, and present a comprehensive financial plan that considers the fundamentals of financial planning, risk management, income tax, education funding, retirement, business succession planning, employee benefits, investment, and estate planning. 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 the components of estate planning which include property titling mechanisms, tax implications, types of trusts, wealth transfer strategies, and postmortem estate planning techniques. Additional topics include gift and estate tax compliance and tax calculation, sources of estate liquidity, and the types, features, and taxation of trusts. This course also examines economic concepts and the impact of business and consumer protection law, along with financial institutions and services. 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