FIN3400 is a course that covers the fundamentals of finance and financial management. It is typically taken by undergraduate business students and focuses on the tools and techniques used to make financial decisions in organizations.
The course begins by introducing students to the time value of money, which is the concept that a dollar received today is worth more than a dollar received in the future due to the ability to earn interest. From there, it covers topics such as financial statements, financial ratios, and risk and return analysis.
One of the key topics in FIN3400 is capital budgeting, which is the process of evaluating and selecting long-term investment projects. This includes techniques such as net present value (NPV) and internal rate of return (IRR), which help managers determine the expected returns and risks associated with different investment projects.
Another important topic in FIN3400 is corporate finance, which deals with the financial decisions made by firms. This includes topics such as capital structure, dividend policy, and mergers and acquisitions.
In addition to these topics, FIN3400 also covers financial markets and institutions, including the role of banks, stock markets, and bond markets in the economy. It also covers international finance, including currency exchange rates, trade financing, and foreign exchange risk.
Overall, FIN3400 provides a solid foundation in finance for business students and is an important course for those planning to pursue careers in finance or financial management. It equips students with the skills and knowledge needed to make informed financial decisions in the business world.