Principles of Financial Management Online Course

This course introduces students to asset management, cost of capital, dividend policy, valuation, capital structure planning, and working capital management.

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About Principles of Financial Management

This course introduces students to asset management, cost of capital, dividend policy, valuation, capital structure planning, and working capital management. Forms of business organizations and tax environment are surveyed. Managerial implications of current developments in national and international capital markets are reviewed.

The primary goal of this class is for students to acquire knowledge of financial management theories and the skills for applying this knowledge in a business setting. The models and quantitative methods necessary to accomplish this goal will be learned through the theoretical foundations presented in lectures and application exercises that develop the following individual objectives:

• Explain the investment and financing decisions.
• Explain the goals of a corporation.
• Describe the types of corporate government structures and the associated agency problems.
• Explain the importance of financial markets and institutions and their functions as they relate to corporations.
• Utilize and interpret financial statements (balance sheet, income statement, statement of cash flows).
• Understand and explain the concepts of value and value added.
• Distinguish between accounting rates of return and economic value added.
• Understand and utilize financial ratios and other measures of efficiency.
• Explain and apply time value of money concepts.
• Explain the relationship between bond prices and interest rates.
• Explain and differentiate between different yields and rates of return.
• Explain the components of a yield curve and how yield curves forecast changes to future short-run interest rates.
• Explain how stocks are valued and the implications of changing values to a corporation.
• Differentiate and explain the differences between income and growth stocks.
• Calculate Net Present Value (NPV) and Internal Rate of Return (IRR).
• Explain the appropriate uses of NPV and IRR.
• Learn and apply different approaches to measuring risk.
• Evaluate risk diversified over asset categories and time.
• Apply risk and return techniques to capital budgeting.

Each lesson contains learning objectives, a to-do list, and a variety of links to articles, video/audio files, and other instructional resources selected to enhance the learning experience and support the various topics. Students have 3 to 9 months to complete this course from the time of enrollment. You may work at your own pace and complete lessons on your own schedule, submitting up to three items per week for grading. This course contains 15 lessons  which includes 4 exams proctored by YuJa/Respondus LockDown Browser. Lesson topics include:

• Putting Things in Perspective
• Financial Markets and Institutions
• Financial Statements, Cashflows, and Taxes
• Analysis of Financial Statements
• Time Value of Money
• Interest Rates
• Bonds and Their Valuation
• Risk and Rates of Return
• Stocks and Their Valuation
• The Cost of Capital
• The Basics of Capital Budgeting

Textbook and Materials

Required Textbook

Brigham and Houston 2020. Fundamentals of Financial Management. 10th edition. Cengage.

ISBN-13: 978-1-337-90257-1

Required Item

A financial calculator - All examples and demonstrations will be based on the use of the BA II Plus financial calculator by Texas Instruments. You are permitted to use other brands of financial calculators but students will assume the responsibility of any problems associated with the use of any financial calculator other than the BA II Plus.

Optional Supplementary Resource

MindTap. MindTap is not directly utilized in this course. However, it is a useful supplement if you wish to have additional practice with the material.

How will the course appear on my transcript?

You may enroll at any time and have up to 9 months to complete this online course. The credits earned will be recorded on your UND transcript based on the date you registered for the course. It will appear on your transcript in the same way as a course taken during a regular semester. There is no indication that the course was taken online or that you completed it at your own pace. 

Why Take Online Classes at UND?

Here are a few reasons why you should take an online enroll anytime course at UND:

• Great customer service – Our registration team is ready to answer questions quickly so you can focus on your coursework.
• Affordable – UND's enroll anytime courses are priced at North Dakota's affordable, in-state tuition rate.
• Accredited – UND is accredited by the Higher Learning Commission.
• Easily transfer credits – Transferring credits is always at the discretion of the institution to which the credits are being transferred. In general, credits from schools/universities that are regionally accredited by the Higher Learning Commission transfer to other regionally accredited institutions. UND's online courses appear on your UND transcript in the same way as other courses.

Flexible 100% Online Course

You'll take this online course at your own pace. Some students thrive in this environment, while other students may struggle with setting their own deadlines. If you have successfully taken an independent study or correspondence course previously, UND’s enroll anytime courses may be right for you. Still not sure? Take our online quiz to help determine if online enroll anytime courses are right for you.

Course information including tuition, technology requirements, textbooks, lessons and exams is subject to change without notice.