Finance Course Descriptions

This course focuses on funding and managing entrepreneurial ventures through the various stages of business growth. The course will develop skills related to the creation and understanding of business models and the types of organizations and the various ways these organizations can be financed. Students will learn: 1) the value of pro forma financial planning and what if analysis; and 2) the various ways to fund and manage a growing firm with a particular emphasis on deal structure and risk/reward scenarios for different investor types. The class will also cover the principles of the real estate market including buying and selling, economic factors including interest rates, as well as real estate as an investment. Prerequisite: FIN3240. Three hours.

This course is designed for the finance, accounting, or business student interested in financial planning from a personal, professional, or business perspective. It covers the principles and concepts of basic financial planning and personal finance, with both theoretical and personal application. Prerequisite: ACC2110. Three hours.

This course is designed for the accounting and finance student. This course reviews in-depth managerial accounting topics such as budgeting and forecasting, performance management, overhead rates and allocations, and various methods of cost accounting. Break-even points and cost-volume-profit analysis will also be covered. Prerequisite: ACC 2120. Three hours.

This course is an introductory survey of federal and state taxation principles. It examines the tax treatment of individuals, capital assets, and business entities from a business perspective. In addition, special attention is given to the role of tax strategies and compliance of individual decision-making and financial planning. Prerequisite: ACC 2110. Three hours.

This course provides a rigorous mathematical treatment of the time value of money, serving as a foundational requirement for the Actuarial Science major. The course covers critical financial concepts, including compound interest mechanisms, the force of interest, annuities-certain, and amortization schedules for loans and bonds. By bridging mathematical logic with financial modeling, it aligns with a Christian worldview to prepare students for corporate financial management and professional Society of Actuaries (SOA) exams. Three hours.

This course is designed for the accounting and/or finance major. We will learn about financial modeling and how to build financial models. This course is focused on application and problem solving using financial models in excel. Students will learn about the effectiveness of financial models and designing models that are functional and useful for both the finance expert and the manager/client that they are built for. Prerequisite: FIN3240. Three hours.

This course is an expansion of some of the legal principles introduced in BUS 3130, including agency law, employment law, and the business regulatory environment. In addition, we explore specific regulations related to the financial industry, secured transactions, and property law. Prerequisite: BUS 3130. Three hours.

This course is designed to address the intersection of psychology and finance. Most economic and financial research is based on the belief the people behave rationally and the markets are efficient at setting prices. However, anomalies occur much more frequently than they should if these assumptions are accurate. This course covers basic principles of counseling and communicating with clients, conflicts involving money, and preparation for and reaction to crisis events. Prerequisite: FIN3240 Three hours.

This course builds on the introduction to estates from previous finance courses and covers most of the common estate planning tools, such as wills, trusts, real estate deeds, and small business considerations. We will also cover the common gift and estate tax sections that are necessary to understand when working with estate planning clients. Prerequisites: FIN 3240 and FIN3270. Three hours.

This course is designed for the finance, accounting, or business student interested in financial planning from a personal, professional, or business perspective. It covers the principles and concepts of basic financial planning and personal finance, with both theoretical and personal application. Prerequisite: ACC2110. Three hours.

This course is an introductory survey of federal and state taxation principles. It examines the tax treatment of individuals, capital assets, and business entities from a business perspective. In addition, special attention is given to the role of tax strategies and compliance of individual decision-making and financial planning. Prerequisite: ACC 2110. Three hours.

This course integrates federal taxation principles with strategic financial planning for individual and corporate entities. The course explores comprehensive tax strategies focusing on wealth accumulation, capital preservation, transaction costs, and ethical asset management. Designed for advanced accounting and finance students, it prepares future professionals to analyze financial problems, develop regulatory-compliant solutions, and provide actionable tax-planning advice. Three Hours.

This course is designed to address the intersection of psychology and finance. Most economic and financial research is based on the belief the people behave rationally and the markets are efficient at setting prices. However, anomalies occur much more frequently than they should if these assumptions are accurate. This course covers basic principles of counseling and communicating with clients, conflicts involving money, and preparation for and reaction to crisis events. Prerequisite: FIN3240 Three hours.

This course builds on the introduction to estates from previous finance courses and covers most of the common estate planning tools, such as wills, trusts, real estate deeds, and small business considerations. We will also cover the common gift and estate tax sections that are necessary to understand when working with estate planning clients. Prerequisites: FIN 3240 and FIN3270. Three hours.

This course is designed for the accounting and finance student. This course reviews in-depth managerial accounting topics such as budgeting and forecasting, performance management, overhead rates and allocations, and various methods of cost accounting. Break-even points and cost-volume-profit analysis will also be covered. Prerequisite: ACC 2120. Three hours.

This course is an introductory survey of federal and state taxation principles. It examines the tax treatment of individuals, capital assets, and business entities from a business perspective. In addition, special attention is given to the role of tax strategies and compliance of individual decision-making and financial planning. Prerequisite: ACC 2110. Three hours.

This course is an expansion of some of the legal principles introduced in BUS 3130, including agency law, employment law, and the business regulatory environment. In addition, we explore specific regulations related to the financial industry, secured transactions, and property law. Prerequisite: BUS 3130. Three hours.

This course is designed for the accounting and/or finance major. We will learn about financial modeling and how to build financial models. This course is focused on application and problem solving using financial models in excel. Students will learn about the effectiveness of financial models and designing models that are functional and useful for both the finance expert and the manager/client that they are built for. Prerequisite: FIN3240. Three hours.

This course is designed to address the intersection of psychology and finance. Most economic and financial research is based on the belief the people behave rationally and the markets are efficient at setting prices. However, anomalies occur much more frequently than they should if these assumptions are accurate. This course covers basic principles of counselling and communicating with clients, conflicts involving money, and preparation for and reaction to crisis events. Prerequisite: FIN3240 Three hours.

Business Foundations serves as a broad overview and introduction to the field of business, as well as to the faculty of the School of Business and the academic requirements of the business program at Grace College. This course explores the foundational truths of the marketplace required for our system of business to function, although imperfectly, and serve the needs of those around us. The roles of freedom, economics, government, and faith will be key discussion points. The course examines these foundations from a biblical perspective to understand more fully how God would have us “do business.” Three hours

Principles of Management will expose students to the history of management thought. It also introduces students to the principles of management from the perspective of planning, organizing, leading, and controlling. Within a biblical framework, this course examines developments from scientific management to ethics, diversity, social responsibility, and localization. Three hours.

This course provides a decision-oriented overview of marketing management in modern organizations. The objectives of the course are to provide a broad introduction to marketing concepts, the role of marketing in society and in the firm, and the various factors that influence marketing decision making. Three hours.

Develops an understanding and application of basic financial accounting principles. Emphasis on building and using basic financial statements and a manager’s use of accounting data. This course and ACC2120 together serve as the first year of accounting. Three hours.

The study of the managerial aspects of accounting and finance. Includes an in-depth study of the statement of cash flows, analysis of financial statements, product cost management, and cash budgeting. Prerequisite: ACC2110. Three hours.

In this course, students are introduced to Data Analytics by learning to retrieve data (SQL), prepare data (Excel), Analyze data using statistical methods, and report data. Prerequisite: BUS3050. Three hours.

The course studies the theory and practice of managing the production environment including plant layout and best practices in production. Prerequisite: BUS2430. Three hours.

The role of Christians in the marketplace is discussed with consideration of economic reasoning and methodology through examination of fundamental concepts in micro- and macroeconomics and through extension and applications of economic theory. Examination of the general functioning of a price system using fundamentals of supply and demand is evaluated. Exploration of the variety of market forms, theory of factor incomes and the effects of government intervention to promote efficiency and equity occurs. Three hours.

Basic legal principles which control modern business transactions. Deals with such topics as contracts, agencies, employment, negotiable instruments, property, sales, and business relations with government. Three hours.

Students advance their skill and confidence in using the workbook, database and output capabilities of Microsoft Excel. Focus is on understanding the advanced features of Excel and key issues of design and advanced output capabilities of spreadsheet programs. Three hours.

This foundational course explores corporate financial topics such as financial statement analysis, net present value, corporate valuation, the stock market, the bond market, financial governance, cash flow management, financing and debt strategies and the role of the CFO in managing a business. This course provides a practical approach to the discipline. Prerequisite: ACC2110. Three hours.

An awareness of the global business environment is essential. This survey course introduces various facets of international business, its application to the domestic concern, and national economy. Areas reviewed include the role and impact of multi-national corporations, cross cultural factors, and global strategies. Prerequisite: MGT2430. Three hours.

This course examines the biblical treatment of critical topics in business and economics. This examination provides a foundation for developing a framework for understanding business from a biblical perspective and for acting consistently within that perspective. The course develops a macro-level framework for the biblical understanding of the role of business organizations and the role of business professionals within those operations. This course complements the microlevel biblical frameworks developed in the discipline specific business courses. This content is designed to challenge the thinking of the student about how they will integrate their understanding of scriptural truth into creating an ethical life walk in a business setting. Prerequisite: Senior status (within two semesters of graduation) or permission. Three hours.

Students make management decisions on finance, production, and marketing for companies in a competitive market, giving consideration to economic forecast, relative position of company, and company objectives. The student should have taken most of the major course requirements before enrolling in this course. Prerequisite: Senior status (within 2 semesters of graduation) or permission. Three hours.