FP 601 - Financial Fundamentals

1.5 Credit(s)

This course explores the quantitative methods used by financial planners. The course bridges students’ prior studies in corporate finance to “kitchen table” finance. Students apply various methods of personal financial statement analysis, including ratio analysis and Monte Carlo analysis, to determine the financial health of a client. Through case studies, they apply critical thinking using time-value-of-money functions to project financial statements that assess a client’s ability to achieve pre-retirement goals. Students explain how macroeconomic conditions could effect a client’s current financial circumstance and potential effects on implemented recommendations. This course also introduces students to concepts of risk, capital markets, and alternative investments.
Prerequisite(s): None, but FP 601 is a prerequisite for FIN 604 and FP 601 should be taken in the student’s first semester when starting the program. If the student has taken BUS 568, the FP 601 course, but not the credit hours, may be waived. This is a required class for MSTFP students.