Department of Accounting and Finance

Department Chair: Arline Savage, Ph.D.

The Department of Accounting and Finance is responsible for activities in accounting and finance.

Mission Statement

The Department strives to provide a quality, practice-oriented educational experience to a diverse undergraduate and graduate student population.  The faculty contributes to the understanding and application of knowledge through its teaching, research and service activities.

Uniform CPA Exam

As of January 1, 2016, the State of Alabama requires that applicants for the Uniform CPA Exam hold a baccalaureate degree from an accredited institution and possess a total of 120 semester hours of post-secondary education, including at least 24 semester hours of accounting at the upper-division or graduate level. However, 150 semester hours are required to be certified as a public accountant.

There are two ways that UAB students can meet these requirements:

  1. By obtaining an undergraduate accounting degree (or its equivalent) and completing certain additional coursework as specified under state law. Students interested in this option should contact an undergraduate advisor in The Department of Accounting and Finance for specific guidance. Students interested in this option and that hold degrees from other institutions should contact an undergraduate business advisor as well as apply to the university as a post baccalaureate degree-seeking student.
  2. By obtaining a Master of Accounting degree. The Department of Accounting and Finance offers a master’s program that is fully accredited by AACSB International. Students interested in this option should refer to the UAB Graduate School Catalog for admission policies.

Other Professional Accounting Certifications

Other examinations leading to professional certification (CMA, CIA, CFA, etc.) generally do not require academic coursework beyond the baccalaureate degree. Students interested in other accounting certifications should contact an undergraduate Accounting advisor or a member of the accounting faculty for further information.

Accounting Major

The objective of the major in accounting is to provide conceptual accounting and business knowledge as a foundation for professional careers in public accounting, private or industrial accounting, and governmental or not-for-profit accounting, or for pursuing study at the graduate level.

The various accounting career choices available to students mandate different course emphasis, and our curriculum offers a selection of course choices. Students may further specialize by pursuing the concentration in forensic accounting and information technology auditing.  

Students must earn a minimum grade of a B in AC 200 to become an accounting major. The grade of B in AC 200 is a prerequisite for AC 300.  Accounting majors who wish to pursue a career path in public accounting must earn a minimum grade of a B for the financial accounting course sequence of AC 300, AC 310, and AC 430. The grade of a B in each of these courses is a prerequisite for the subsequent course in this series. The grade of B in AC 430 is also a prerequisite for the elective financial accounting course AC 480. A minimum grade of C is required for all other accounting courses. In addition, students must earn a minimum grade of C and have an overall C average in all major courses. At least 15 hours of the major must be taken at UAB. The university’s course forgiveness policy may be applied to this major.

Finance Major

The finance curriculum is designed to provide an understanding of financial operating and investment problems in both financial and non-financial businesses. Careers are available in areas such as government, securities businesses, banking, insurance, real estate, savings and other financial intermediaries, and in the financial management of non-financial businesses.

Finance majors must earn a minimum grade of in all finance courses and have an overall 2.0 GPA in all major courses. At least 15 hours of the major must be taken at UAB. The university course forgiveness policy may be applied to any finance concentration.

Bachelor of Science with a Major in Accounting

Upper Level Collat School of Business Requirements

RequirementsHours
Required Courses
BUS 305Professional Development for Today's Workplace 51
or AC 305 Professional Development in Accountancy
BUS 350Business Communications3
FN 310Fundamentals of Financial Management3
MG 302Management Processes and Behavior3
MG 403Operations Management 73
or DB 320 Distribution Management
IS 303Information Systems3
MK 303Basic Marketing3
International Business 1
Select one of the following:3
International Economics
International Financial Management
International Business Dynamics
International Marketing
International Accounting: From a User's Perspective
Major Courses 221-27
Major Capstone Course 33
Experiential Requirement 60-3
Electives 46-12
Total Hours52-67
1

All majors must complete one international business course.  Accounting majors take AC 440 Finance majors take FN 412.  Economics majors take EC 407 International Economics.

2

See requirements listed under individual majors.

3

Capstone courses:  Accounting majors take AC 495.  Marketing majors take MK 450. All other majors take BUS 450 as their capstone course.

4

Industrial Distribution majors take ME 103.  Medical Equipment and Supplies Distribution take BY 115.  Additional electives must be approved by advisor.  Hours vary by major.

5

 Accounting majors complete AC 305. All other business majors complete BUS 305

6

 All business majors are required to participate in experiential education. Experiential education can carry 0 - 3 credit hours. This requirement may be met by satisfactory completion of AC 364, AC 464,AC 474,BUS 496,DB 495,EC 460,ENT 445,ENT 426,FN 460,IB 495, IS 464, MG 445, MK 425, MK 445 . Other courses may be approved by your Program. You may access details about options for satisfying this degree requirement here: http://www.uab.edu/business/home/degrees-certificates/undergraduate/experiential-learning-requirement. Please see your academic advisor for specific requirements for your major.

7

 Industrial Distribution majors take DB 320.

Concentration in Forensic Accounting and Information Technology Auditing

The increased attention focusing on inappropriate and fraudulent behavior within the business community in recent years has led to the creation of a concentration in Forensic Accounting and Information Technology Auditing at UAB. This concentration introduces accounting and information systems students to the basics of fraud, IT audits, fraud examination and forensic accounting. Although of value to anyone in the financial information professions, it is designed to appeal to those students with an interest in becoming Certified Fraud Examiners (CFEs).

Accounting and information systems majors may choose, (as a part or in addition to the courses required for the major), the following series of courses which make up the concentration:

RequirementsHours
Concentration Requirements
AC/IS 472Forensic Accounting and Information Tech Auditing3
AC/IS 473Fraud Examination3
LS 471Legal Elements of Fraud Investigation3
AC or IS Elective Approved by Advisor3
Total Hours12

Bachelor of Science with a Major in Finance

Upper Level Business Requirements For Finance

RequirementsHours
Upper-Level Requirements
Students must earn a grade of C or better in the stated prerequisites and have an overall 2.0 GPA.
BUS 305Professional Development for Today's Workplace1
BUS 350Business Communications3
IS 303Information Systems3
MK 303Basic Marketing3
FN 310Fundamentals of Financial Management3
MG 302Management Processes and Behavior3
QM 350Quantitative Methods for Finance (or other advisor approved course)3
Capstone Course
BUS 450Strategic Management Capstone Experience3
International Business Requirement
FN 412International Financial Management3
Experiential Requirement 1
Total Hours25
1

All business majors are required to participate in experiential education. This requirement may carry 0 - 3 credit hours. This requirement may be met by satisfactory completion of one of the following courses or other course/project approved by your academic advisor: AC 364,AC 464,AC 474,BUS 496,DB 495,EC 460,ENT 445,ENT 426,FN 460,IB 495, IS 464, MG 445, MK 425, MK 445 Please see your advisor for specific options for your major.

Major in Finance

RequirementsHours
GPA & Grade Requirement
Students must earn a C or better in each course, have an overall 2.0 GPA, and an overall 2.0 GPA in all major courses.
Finance Core
AC 320Financial Accounting Survey3
FN 320Financial Research Methods3
FN 350Equity Portfolio Management3
FN 370Principles of Real Estate3
FN 410Intermediate Financial Management3
Finance Electives 1, 2
Select four from the following12
Short-Term Financial Management
Bond Portfolio Management
Fundamentals of Healthcare Financial Management
Advanced Financial Management
Financial Sales & Trading
Management of Financial Intermediaries
Financial Risk Management
Real Estate Finance
Real Estate Investment Analysis and Valuation
Total Hours27
1

Students may also take specified electives to complete the concentrations in Financial Management, Investments & Institutions, or Real Estate.

2

 Up to one of the four allowed electives can be chosen from the following: AC 300, AC 401, AC 402, EC 420.

Finance majors may select a concentration in Financial Management or Investments and Institutions or Real Estate.

Financial Management Concentration

Students who expect to own and/or operate small businesses, or who wish to seek employment as financial analysts in large corporations, and government agencies should select this concentration. Topics studied include financial analysis and forecasting, capital budgeting, working capital management, valuation theory, and other specialized areas in finance.

RequirementsHours
Finance Core15
Financial Accounting Survey
Financial Research Methods
Equity Portfolio Management
Principles of Real Estate
Intermediate Financial Management
Select three or four from the following:12
Short-Term Financial Management
Fundamentals of Healthcare Financial Management
Advanced Financial Management
Financial Risk Management
If three are selected from above, select one from the following
Bond Portfolio Management
Financial Sales & Trading
Management of Financial Intermediaries
Real Estate Finance
Real Estate Investment Analysis and Valuation
Financial Accounting I
Cost Accounting
Income Taxation I
Applied Forecasting
Total Hours27

 

Investments and Institutions Concentration

Students who wish to prepare for careers in financial institutions (such as banks, thrifts, insurance companies, and credit unions), or the securities industry (such as a stockbroker, portfolio manager, financial planner, or securities analyst), should select this concentration. Topics include commercial bank management, credit analysis, trust services, securities markets, and portfolio management, economic forecasting, and real estate.

RequirementsHours
Finance Core15
Financial Accounting Survey
Financial Research Methods
Equity Portfolio Management
Principles of Real Estate
Intermediate Financial Management
Select three or four from the following:12
Bond Portfolio Management
Financial Sales & Trading
Management of Financial Intermediaries
Financial Risk Management
If three are selected from above, select one from the following:
Short-Term Financial Management
Fundamentals of Healthcare Financial Management
Advanced Financial Management
Financial Sales & Trading
Real Estate Investment Analysis and Valuation
Real Estate Finance
Financial Accounting I
Cost Accounting
Income Taxation I
Applied Forecasting
Total Hours27

 

Real Estate Concentration

Students who wish to focus on commercial real estate finance and investment analysis should select this concentration. Topics included, but not limited to, are the commercial real estate industry and preparation for related entry positions with developers, lenders, appraisers, brokers, investment bankers, real estate advisors, real estate trusts and consulting firms, both nonprofit organizations and government agencies.

RequirementsHours
Finance Core15
Financial Accounting Survey
Financial Research Methods
Equity Portfolio Management
Principles of Real Estate
Intermediate Financial Management
Required Concentration Courses9
Management of Financial Intermediaries
Real Estate Finance
Real Estate Investment Analysis and Valuation
Select one from the following:3
Short-Term Financial Management
Bond Portfolio Management
Fundamentals of Healthcare Financial Management
Advanced Financial Management
Financial Sales & Trading
Financial Risk Management
Financial Accounting I
Cost Accounting
Income Taxation I
Applied Forecasting
Total Hours27

Admissions Requirement

Students must be admitted to the School of Business. Please review the School of Business Admissions Requirements.

School of Business Requirements

Students must adhere to all School of Business Academic Requirements and Finance major GPA requirements. Use of the university’s course forgiveness policy is allowed.

Free Electives

If the courses taken to satisfy all of the requirements will not meet the minimum credit hour requirement to graduate, free electives may be taken to reach the required number of hours.

Proposed Program of Study for a Major in Accounting

Freshman
First TermHoursSecond TermHours
EH 1013EH 1023
MA 1053CMST 1013
BUS 1013BUS 1103
Core Curriculum Area IV: Social & Behavioral Science 3Core Curriculum Area II: Humanities and Fine Art 13
Core Curriculum Area III: Natural Science with Lab4Core Curriculum Area IV: History23
 16 15
Sophomore
First TermHoursSecond TermHours
QM 2143LS 2463
AC 200 (must earn a grade of B or better)3QM 2153
EC 2103AC 2013
Core Curriculum Area II: Literature3EC 2113
Core Curriculum Area III: Natural Science (with laboratory)4Core Curriculum Area II3
 16 15
Junior
First TermHoursSecond TermHours
BUS 3503MK 3033
MG 3023AC 3103
AC 3043AC 4023
AC 3003AC 4013
AC 3051MG 4033
 13 15
Senior
First TermHoursSecond TermHours
FN 3103AC 4953
AC 4133International Business Elective33
IS 3033Accounting Elective (400 level)3
AC 4303General Elective6
Experiential Requirement3 
 15 15
Total credit hours: 120
1

Select one of the following courses:  ARH 101, MU 120 or THR 100.

2

Select one of the following courses:  HY 101, HY 102,HY 104,HY 105HY 120 or HY 121.

3

 Select one of the following:AC 440, FN 412, EC 407, MK 416 or MG 415.

Proposed Program of Study for a Major in Finance with a Concentration in Financial Management

Freshman
First TermHoursSecond TermHours
EH 1013EH 1023
MA 1053CMST 1013
BUS 1013BUS 1103
Core Curriculum Area II: Humanities and Fine Arts13Core Curriculum Area III: Natural Science (with laboratory)4
Core Curriculum Area IV: Social & Behavorial Science 3Core Curriculum Area IV: History23
 15 16
Sophomore
First TermHoursSecond TermHours
QM 2143LS 2463
AC 2003QM 2153
EC 2103AC 2013
Core Curriculum Area II: Literature 3EC 2113
Core Curriculum Area III: Natural Science (with laboratory)4Core Curriculum Area II3
 16 15
Junior
First TermHoursSecond TermHours
QM 3503IS 3033
AC 3203FN 4103
FN 3103FN 4123
BUS 3051MK 3033
BUS 3503FN 3703
 13 15
Senior
First TermHoursSecond TermHours
FN 3503BUS 4503
FN 3203FNMG Concentration Elective3
MG 3023FNMG Concentration Elective3
FNMG Concentration Elective3Experiential requirement3
FNMG Concentration Elective3General Electives3
 15 15
Total credit hours: 120

Proposed Program of Study for a Major in Finance with a Concentration in Investments and Institutions

Freshman
First TermHoursSecond TermHours
EH 1013EH 1023
MA 1053CMST 1013
BUS 1013BUS 1103
Core Curriculum Area IV: Social and Behavioral Science23Core Curriculum Area IV: History13
Core Curriculum Area II: Fine Art3Core Curriculum Area III: Natural Science (with laboratory)4
 15 16
Sophomore
First TermHoursSecond TermHours
QM 2143LS 2463
AC 2003QM 2153
EC 2103AC 2013
Core Curriculum Area II: Literature 3EC 2113
Core Curriculum Area III: Natural Science (with laboratory)4Core Curriculum Area II3
 16 15
Junior
First TermHoursSecond TermHours
BUS 3051IS 3033
AC 3203FN 4103
QM 3503FN 4123
FN 3103MK 3033
BUS 3503FN 3703
 13 15
Senior
First TermHoursSecond TermHours
FN 3503BUS 4503
FN 3203I and I Concentration Elective3
MG 3023I and I Concentration Elective3
I and I Concentration Elective3General Electives3
I and I Concentration Elective3Experiential Requirement3
 15 15
Total credit hours: 120

Proposed Program of Study for a Major in Finance with a Real Estate Concentration

Freshman
First TermHoursSecond TermHours
EH 1013EH 1023
MA 1053CMST 1013
BUS 1013BUS 1103
Core Curriculum Area II: Humanities, Fine Arts13Core Curriculum Area IV: History13
Core Curriculum Area IV: Social and Behavorial Science3Core Curriculum Area III: Natural Science (with laboratory)4
 15 16
Sophomore
First TermHoursSecond TermHours
QM 2143LS 2463
AC 2003QM 2153
EC 2103AC 2013
Core Curriculum Area II: Literature3EC 2113
Core Curriculum Area III: Natural Science (with laboratory)4Core Curriculum Area II3
 16 15
Junior
First TermHoursSecond TermHours
QM 3503FN 3703
AC 3203IS 3033
FN 3103FN 4103
BUS 3051FN 4123
BUS 3503MK 3033
 13 15
Senior
First TermHoursSecond TermHours
FN 3203FN 4753
FN 4703BUS 4503
FN 3503Experiential Requirement3
MG 3023Real Estate Concentration Elective3
FN 4523General Elective3
 15 15
Total credit hours: 120
1

 Select one of the following courses:ARH 101, MU 120, THR 100

2

 Select one of the following courses: HY 101,HY 102,HY 104,HY 105,HY 120,HY 121

AC-Accounting Courses

AC 200. Principles of Accounting I. 3 Hours.

Basic concepts with focus on how accounting events affect financial statements. Emphasizes preparation, communication and use of external financial reports, accrual versus cash, receivables, payables, inventory, recording long-term operational assets, long-term liabilities, stockholders, equity, recording procedures, and financial statement analysis dealing with the benefits and risks associated with that information.

AC 201. Principles of Accounting II. 3 Hours.

Basic concepts associated with internal reporting. Use of relevant information for planning, control, and decision making. Cost behavior, cost allocation, product costing, budgeting, responsibility accounting, and capital budgeting.
Prerequisites: AC 200 [Min Grade: C]

AC 299. Competency Exam for AC 200. 0 Hours.

Provides a review of introductory financial accounting and an introductory financial accounting competency exam.
Prerequisites: AC 200 [Min Grade: D]

AC 300. Financial Accounting I. 3 Hours.

Review of the financial accounting system, and in-depth coverage of the environment of financial accounting, conceptual framework of financial accounting, financial statements, time value of money, cash, receivables, and inventory.
Prerequisites: AC 200 [Min Grade: B] and AC 201 [Min Grade: C]

AC 304. Accounting Information Systems. 3 Hours.

Transaction processing cycles of accounting system; internal control, development, and control of information systems; emerging development of information technology.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 305. Professional Development in Accountancy. 1 Hour.

This course will introduce students to the accounting profession, the recruitment process for internships and entry-level positions in accounting; the traditions, expectations and ethical demands of the profession; and the availability of diverse career options.

AC 309. Intermediate Accounting for Corporate Careers. 3 Hours.

The course explores the major components of the balance sheet elements assets, liabilities and equity as well as revenue recognition.
Prerequisites: AC 300 [Min Grade: C]

AC 310. Financial Accounting II. 3 Hours.

Continuation of AC 300. Inventories, plant assets, intangible assets, current liabilities, long-term debt and stockholders' equity.
Prerequisites: AC 300 [Min Grade: B]

AC 320. Financial Accounting Survey. 3 Hours.

Accounting cycle, financial accounting theory, financial statements, cash and receivables, inventories, plant assets, intangible assets, current liabilities, long-term debt, stockholders' equity, investments, income taxes, pension benefits, leases, error correction, and reporting of accounting changes and earnings per share. Not open to accounting majors.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 364. Taxation and the Working Poor. 3 Hours.

Students will explore the objectives and consequences of the U.S. federal tax system in relation to the working poor. Topics covered will include the Earned Income Tax Credit, progressive and regressive taxes, and income redistribution as the result of tax provisions. In addition, students will study common mis-perceptions of those living in poverty. The course will consist of classroom instruction, tax preparation training, completion of a tax certification test, and volunteer tax preparation at a community-based site. This course is open to both business and non-business majors and assumes no prior knowledge of accounting or tax. The course is a service-learning course and will satisfy the experiential-learning requirement in the Collat School of Business.
Prerequisites: GPAO 2.00

AC 401. Cost Accounting. 3 Hours.

Basic theory and procedures involving cost determination, analysis, and control. Cost allocations, application of overhead, budgeting, standard costs, job order, process and by-product costing, spoilage, and quantitative techniques. Junior standing required.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 320 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00) or (AC 320 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 402. Income Taxation I. 3 Hours.

Fundamentals and basic concepts of taxation of various entities, with emphasis on federal income taxation of individuals.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 413. Internal Auditing. 3 Hours.

Theory and practice of internal auditing and application of internal auditing principles and techniques to selected audit problems.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 414. Governmental and Not-for-Profit Accounting. 3 Hours.

Budgetary and fund accounting as applied to municipalities, other governmental units, and institutions operating as nonprofit entities.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 423. External Auditing. 3 Hours.

This course covers the major phases of an external audit including preliminary engagement procedures, planning the audit, evaluation of ICFR, substantive audit procedures, and reporting.
Prerequisites: AC 310 [Min Grade: C](Can be taken Concurrently)

AC 430. Financial Accounting III. 3 Hours.

Accounting for Dilutive Securities and Earnings per Share, Investments, Revenue Recognition, Income Taxes, Pensions and Post-retirement Benefits, Leases, Accounting Changes and Error Analysis, and the Statement of Cash Flows.
Prerequisites: AC 310 [Min Grade: B]

AC 440. International Accounting: From a User's Perspective. 3 Hours.

Development of internatinal accounting knowledge needed to make informed decisions in global business environment.
Prerequisites: AC 300 [Min Grade: C]

AC 441. International Accounting: Study Abroad. 3 Hours.

Development of intrnational accounting knowledge needed to make informed decisions in global business environment through study abroad.
Prerequisites: AC 440 [Min Grade: C]

AC 452. Income Taxation II. 3 Hours.

Completion of fundamentals of taxation for individuals. Basic concepts and laws applicable to partnerships and corporations. Tax research techniques and tax planning concepts.
Prerequisites: (AC 402 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 402 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 464. Accounting Internship. 3 Hours.

Work experience enabling students to better integrate academic knowledge with practical applications by exposure to accounting practice and business environment.
Prerequisites: AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and AC 310 [Min Grade: C] and (AC 402 [Min Grade: C] or AC 423 [Min Grade: C])

AC 472. Forensic Accounting and Information Tech Auditing. 3 Hours.

Introduction to the practice of forensic accounting and its relationship to auditing in settings characterized by extensive reliance on information technology. An emphasis on audit methodology as applied to accounting information systems.
Prerequisites: (AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 473. Fraud Examination. 3 Hours.

Advanced forensic accounting concepts with a primary focus on occupational fraud and abuse--its origins, perpetration, prevention, and detection.
Prerequisites: (AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 474. Forensic Accounting Practicum. 1-3 Hour.

Work experience requiring the application of forensic accounting concepts and methods.
Prerequisites: (AC 472 [Min Grade: C] and AC 473 [Min Grade: C] and LS 471 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 472 [Min Grade: C] and AC 473 [Min Grade: C] and LS 471 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 480. Advanced Financial Accounting. 3 Hours.

Business combinations, consolidated financial statements, multinational accounting, and partnerships.
Prerequisites: AC 430 [Min Grade: B]

AC 490. Advanced Topics in Accounting. 3 Hours.

Contemporary professional accounting issues. Preq: Permission of instructor.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)

AC 495. Accounting Capstone. 3 Hours.

Course brings together in one setting the learned skills and knowledge needed in a professional career in accounting. Permission of the Accounting and Finance Department Chair required.
Prerequisites: (AC 304 [Min Grade: C] and AC 310 [Min Grade: C] and FN 310 [Min Grade: C] and AC 402 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 304 [Min Grade: C] and AC 310 [Min Grade: C] and AC 402 [Min Grade: C] and FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

AC 499. Directed Readings. 1-3 Hour.

Readings and independent study in selected areas.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)

FN-Finance Courses

FN 101. Personal Finance. 3 Hours.

Selected aspects of finance encountered by an individual during his or her lifetime. Lower-level elective credit only. Not applicable to the finance major. Open to all UAB students.

FN 102. Money and Society. 3 Hours.

The basic principles of the use of money in society are presented in a decision making framework. The objective of this course is to provide students with the tools necessary to analyze financial issues from a global and societal perspective.

FN 103. Money Management 101. 1 Hour.

Covers selected aspects of financial planning encountered by an individual during his or her lifetime. Cannot count as credit toward the finance major.

FN 104. Debt Management 101. 1 Hour.

Covers selected aspects of managing credit and insurance needs that an individual might encounter during his or her lifetime. Does not count toward the finance major.

FN 105. Saving and Investing 101. 1 Hour.

Covers selected aspects of managing investments that an individual might encounter during his or her lifetime. Does not count toward the finance major.

FN 310. Fundamentals of Financial Management. 3 Hours.

Introduction to the basic principles of financial management emphasizing quantitative and qualitative analysis of time value of money, stock and bond valuation, and capital budgeting; risk/return analysis, cost of capital, capital structure and cash flow analysis.
Prerequisites: AC 200 [Min Grade: C] and EC 210 [Min Grade: C] and QM 214 [Min Grade: C]

FN 311. Short-Term Financial Management. 3 Hours.

Multidisciplinary approach to analysis of financial statements and working capital management. Financial planning, corporate liquidity, and short-term financial policy issues.
Prerequisites: (AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 320. Financial Research Methods. 3 Hours.

Introduction to commercial and publicly available financial research databases and the basics of data analysis.
Prerequisites: (IS 303 [Min Grade: C] and FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (IS 303 [Min Grade: C] and EC 301 [Min Grade: C] and FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 350. Equity Portfolio Management. 3 Hours.

Investment theory with emphasis on risk-return tradeoff; equity investment instruments and environment, sources and interpretation of investment information, portfolio theory, market indices, options and futures, and international investing.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 351. Bond Portfolio Management. 3 Hours.

Fixed income markets and instruments, including valuation and portfolio strategies. Derivatives of fixed income securities.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 358. Green and Gold Fund Financial Analyst. 1 Hour.

The Green and Gold Fund is UAB's student-managed investment portfolio. Fund members perform actual investment portfolio management with real money. A student must hold the position of analyst.

FN 359. Green and Gold Fund Portfolio Management. 1-3 Hour.

The Green and Gold Fund is UAB's student-managed investment portfolio. Fund members perform actual investment portfolio management with real money. For three credit hours, a student must hold the position of CIO, chief economist, or portfolio manager. For one credit hour, a student must hold the position of analyst.
Prerequisites: FN 310 [Min Grade: C] and FN 350 [Min Grade: C] and FN 490 [Min Grade: C]

FN 360. Fundamentals of Healthcare Financial Management. 3 Hours.

Basic principles of healthcare financial managment emphasizing time value of money, stock and bond valuation, and capital budgeting; risk/return analysis, cost of capital, capital structure, and cash flow analysis in the context of Healthcare organizations.
Prerequisites: AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and LS 246 [Min Grade: C] and QM 215 [Min Grade: C]

FN 370. Principles of Real Estate. 3 Hours.

Upper division course designed to provide the student with a solid foundation for making real estate decisions. Course involves computer-based assignments.
Prerequisites: AC 200 [Min Grade: C] and EC 210 [Min Grade: C] and QM 214 [Min Grade: C]

FN 410. Intermediate Financial Management. 3 Hours.

Analysis of long-term corporate financial management; detailed stock and bond valuation, cost of capital, capital budgeting, cash-flow analysis, capital structure, and dividend policy.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 411. Advanced Financial Management. 3 Hours.

Case method approach to study of applied and special topics in financial management; spreadsheet applications used in analysis of initial public offerings, imbedded options, leases, mergers, bankruptcy, and pension plan management.
Prerequisites: (FN 410 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 410 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 412. International Financial Management. 3 Hours.

Financial analysis and decision making in international context. All traditional areas of corporate finance explored.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 420. Financial Sales & Trading. 3 Hours.

This course introduces interactive trading in financial instruments. Students learn the principles of asset price discovery through real-time trading in a variety of markets, including equities, bonds, options and derivatives. Topics addressed include asset valuation, portfolio management, and risk management in the context of real-time trading of financial instruments.
Prerequisites: (FN 310 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 452. Management of Financial Intermediaries. 3 Hours.

Roles, activities, and functions of financial institutions and their interrelationships.
Prerequisites: (FN 310 [Min Grade: C] and EC 301 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and EC 301 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 453. Financial Risk Management. 3 Hours.

Domestic and international risk management issues. Tools to measure and manage interest rate; exchange rate and commodity price risks.
Prerequisites: (FN 350 [Min Grade: C] and FN 410 [Min Grade: C] and GPAT and GPAU 2.00) or (FN 350 [Min Grade: C] and FN 410 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 460. Finance Internship. 3 Hours.

A work experience to enable students to better integrate academic knowledge with practical applications and to enhance students' educational experiences by making subsequent study more meaningful. Permission of the instructor required.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 470. Real Estate Finance. 3 Hours.

A study of the instruments, techniques and institutions of real estate finance and the use of financial analysis in real estate decisions.
Prerequisites: (FN 370 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 370 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 475. Real Estate Investment Analysis and Valuation. 3 Hours.

A study of investment analysis for real estate decisions, including taxation, risk, financial leverage, land use and market analysis will be covered in depth.
Prerequisites: (FN 310 [Min Grade: C] and FN 370 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and FN 370 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)

FN 490. Advanced Topics in Finance. 3 Hours.

Issues and problems in selected areas of finance.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)

FN 499. Directed Readings in Finance. 1-3 Hour.

Supervised study of specific areas of finance.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)

Faculty

Cowart, Larry, Assistant Professor of Finance, 2007, B.S. (Athens), M.B.A. (Samford), Ph.D. (Georgia)
Drnevich, Dawn, Assistant Professor of Accounting, 2010, Ph.D. (Texas Tech)
Edmonds, Christopher, Assistant Professor of Accounting, 2013, B.S. (Colarado State), M.B.A. (UAB), Ph.D. (Virginia Tech)
Edmonds, Jennifer, Assistant Professor of Accounting, 2013, B.S. (Birmingham-Southern), M.Acc., Ph.D. (Virginia Tech)
Fu, Richard, Associate Professor of Finance, 2006, Ph.D. (Georgia Institute of Technology)
Grant, Terry, Professor of Accounting, 2012, B.S. (Alabama), M.P.A. (Texas), Ph.D, (Florida)
Leece, Ryan, Assistant Professor, BS (LSU); MSIS, PhD (Mississippi State)
Messina, Frank M., Professor of Accounting, 1993, B.S. (Livingston), M.Acc., Ph.D. (Mississippi State), C.P.A.
Metcalf, Sevante K., Instructor and Internship Coordinator, 2012, B.A., M.B.A. (UAB)
Nabors, Eddie, Instructor of Accounting, 2011, B.S. (Alabama), M.Acc. (University of West Florida)
Prather-Kinsey, Jenice, Professor of Accounting; Chair, Department of Accounting and Finance, 2001, B.S. (Lindenwood), M.S. (Illinois), PhD. (Alabama), C.P.A.
Racca, Joshua, Assistant Professor of Accounting, 2011, Ph.D. pending University of North Texas (Denton, Texas)
Rauterkus, Andreas, Associate Professor of Finance, 2007, Diploma (J. W. Goethe University, Germany), M.B.A. (East Carolina), Ph.D. (Cincinnati)
Russell, Jackie, Instructor of Accounting, 2013, B.S. (Birmingham-Southern), M.Acc. (Birmingham-Southern), J.D. (Miles)
Savage, Arline, Department Chair and Professor of Accounting, 2012, Ph.D. (University of Port Elizabeth-South Africa), CA (SA)
Smith, Angel, Instructor of Accounting, 2008, B.S., MAc. (UAB)
Worrell, James L., Associate Professor of Accounting, 2008, B.S., M.Ac., Ph.D. (Florida State)
Yates, Stephanie, Associate Professor of Finance, 2007, B.S., M.A., M.B.A. (Cincinnati), Ph.D. (LSU)
Yoder, Stephen A., Assistant Professor of Legal Studies; Director, School of Business Honors Program, 2008, A.B. (Duke), J.D. (Northwestern University School of Law)