Finance

 

Overview

Welcome to the Grace College major in finance. The business administration component allows for integrative study of the disciplines necessary for understanding and managing organizations. Building on this foundation, the finance component allows for specialized, intensive study of the finance discipline. A biblical understanding of business permeates both components of this major.

Grace College has received specialized accreditation for its business programs through the International Assembly for Collegiate Business Education (IACBE) located at:
11374 Strang Line Road in Lenexa, Kansas, USA.

This major assumes that accurate understanding is a necessary pre-requisite for effective management. Given this, courses develop both a student’s capacity for accurately understanding and for effectively managing a process or a range of organizations including for-profit, not-for-profit, and governmental. The curriculum builds on this foundational understanding with coursework that transitions to an interdisciplinary approach. The curriculum culminates with internships, simulations, and other applied learning opportunities that smooth the transition from the classroom to the workplace. A biblical understanding of business helps students understand that economic growth and prosperity are maximized when economic activity is organized through a decentralized, market-based approach. Given this, a proper appreciation of the net benefits of the free enterprise system is foundational to this major.

Course Requirements for B.A. or B.S. Finance

Courses

Examples of courses in this major:

ACC3210 Cost Accounting

Emphasis on job order cost, process cost, and standard cost systems, as well as the use of cost data in decision making.

FIN3290 Financial Statement Analysis

This course examines how the financial accounting model provides a framework for discovering and understanding the information contained in financial statements, including the footnotes to those statements. As part of this process, the integrative nature of the financial accounting model is reinforced.

ACC3390 Federal Income Tax

This course provides an overview of the structure of the federal income tax, including the tax treatment of individuals, business entities and investments.  Based on this overview, tax compliance, tax planning and the role of taxes in decision making are examined.

BUS3260 Small Business Entrepreneurship

Small business planning applying the fundamentals of planning, organizing, leading and controlling to the specific requirements of small business marketing, finance, production and personnel. Practical application and case study is emphasized.

FIN3170 Money and Banking

The study of the principles of money, banking, and credit with emphasis on monetary theory and policy and their role in domestic and international economics.

FIN4280 Investments

This course acquaints the student with the principles and concepts of investment theory and portfolio management. The student will be acquainted with the open market of securities and related terminology. In addition, he/she will be exposed to concepts that will prepare him or her as a corporate manager, for acquisition, and for merger analysis.

FIN4530 International Finance & Economics

The course explores international finance in business, including strategy and motivation for direct foreign investment, international banking operations, lending and investment criteria, governmental programs to encourage exports, trade restrictions, foreign currency markets and exchange controls. The course also covers why and how countries trade with each other. Topics include comparative advantage, tariff's quotas and other trade restrictions, NAFTA, the European Union, and the relation between trade and economic growth. Special problems of multinational firms are discussed.

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