Diploma (Dip.) Applied Finance (30 credits)

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Offered by: Career & Professional Develop     Degree: Diploma in Applied Finance

Program Requirements

This program aims to provide students with effective and applicable competencies in the frontiers of finance using learner-centered instructional methods. The program is designed to provide training in the techniques and nuances expected of a successful professional in various finance related fields, such as corporate finance, investment banking and portfolio management, risk management, treasury finance, financial planning and sustainable financial management.

Note: There are two external prerequisite courses to the program, which must be taken prior to taking certain required courses in this program. Students who wish to apply for advanced standing for prerequisite courses must complete an Advanced Standing form at the time of admission or they may take an Exemption by Examination test.

Prerequisites and corequisites are not included in the total credit requirements for the program.

Prerequisite Courses

  • CACC 521 Concepts of Financial Accounting (3 credits) *

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Accountancy : This course examines accounting in a finance context, how to prepare, interpret, and make decisions based on accounting information. The course examines the process of recording and reporting accounting transactions, the elements of financial statements, and the preparation of various financial statements.

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Gerry La Rocca (Fall) Gerry La Rocca (Winter) Gerry La Rocca (Summer)

  • CMS2 500 Mathematics for Management (3 credits) *

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Management Science (CCE) : Basic mathematics needed for business applications, including graphs of functions, series summation, mathematics of finance, annuity, discounted cash flow, internal rate of return, permutations, combinations, maxima and minima of functions with business applications in optimization, introductory statistics and probability

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Galina Golovina (Fall) Grant Brown (Winter) Omid Makhmali (Summer)

    • Prerequisite: CMSC 000

    • Note: "Mathematics for Management" must be completed in the first semester of the Diploma in Management program.

* or the Exemption by Examination Test

Corequisite Courses

  • CEC2 532 Business Economics (3 credits) *

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Economics (CCE) : Introductory micro and macro economic theory and practice in profit and non-profit organizations from a managerial perspective. Topics include: demand and supply analysis, production costs, firms' pricing and output determination, aggregate demand and supply, national income, output and employment determination, inflation, interest rate, exchange rate determination, fiscal and monetary policies.

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Ken Matziorinis (Fall) Ken Matziorinis (Winter) Ken Matziorinis (Summer)

  • CMS2 521 Applied Management Statistics (3 credits) *

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Management Science (CCE) : Statistical methods used in a variety of business situations, emphasizing application and providing a working knowledge of the most widely-used techniques. Topics include descriptive statistics; probability distributions; sampling procedures and distributions; inferential statistics including estimation; hypothesis testing and Anova; simple linear, multiple regression and correlation; time series and forecasting.

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Kenneth MacKenzie (Fall) Djivede Kelome (Winter) Galina Golovina (Summer)

    • Prerequisite: CMS2 500 or the Exemption by Examination Test

* or the Exemption by Examination Test

Required Courses (21 credits)

  • CFIN 500 Financial Markets and Institutions (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course will focus on how the main types of financial institutions: banks, mutual funds, insurance companies and pension plans, facilitate the flow of funds through the economy, shaping the very structure of the financial system. In addition, various financial markets including bond, money, equity, and foreign exchange are examined.

    Terms: Fall 2016, Winter 2017

    Instructors: Eduardo Lima (Fall) Eduardo Lima (Winter)

  • CFIN 507 Analysis of Financial Statements (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course addresses financial statement analysis and related topics, including impact on firm valuation of alternative accounting methods, management biases, and stakeholder interests. The course also strengthens and develops analytical skills through real world examples and cases.

    Terms: Fall 2016, Winter 2017

    Instructors: Karen Zajdman-Borden (Fall) Karen Zajdman-Borden (Winter)

  • CFIN 512 Corporate Finance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : Fundamental finance theory as applied to the firm's short and long-term financing and investment decisions and the sources of funds available to it (stocks, bonds, derivatives). Exposure to critical concepts of "firm value maximization" emphasizing capital budgeting, cost of capital, capital structure, derivatives, dividend policy, risk and return.

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Michael Marianer (Fall) Michael Marianer (Winter) Vadim di Pietro (Summer)

  • CFIN 522 Applied Topics: Corporate Finance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : Concepts and techniques developed in earlier courses are extended and/or applied to problems faced by managers in Corporate Finance. Such problems include: working capital management, capital budgeting, capital structure, dividend policy, cost of capital and mergers and acquisitions. Stresses the application of theory and techniques; and makes extensive use of case studies.

    Terms: Fall 2016, Winter 2017, Summer 2017

    Instructors: Yves Caron (Fall) Yves Caron (Winter) Vadim di Pietro (Summer)

    • Prerequisite: CFIN 512

    • CGA Requirement

    • CMA Requirement

  • CFIN 525 Treasury Management (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course deals with the key aspects of short-term financial management. Describes a framework for decision making followed by a brief introduction to the Canadian banking and payments system from the perspective of the corporate treasurer. Corporate cash planning and forecasting will also be studied, followed by description of collection and disbursement systems in Canada. Strategies for the management of short-term investment and borrowing portfolios are described, including the available instruments for management of interest rate and foreign exchange risk.

    Terms: Winter 2017

    Instructors: Messaoud Abda (Winter)

  • CFIN 530 Investment Analysis (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : Deals with security analysis and investment techniques covering the different types and classes of securities. The sources of information, methods of compiling statistics, and assessment of comparative values are discussed, together with portfolio objectives and differing philosophies of investment management. Broad economic trends and international political climates affecting security values are analyzed.

    Terms: Fall 2016

    Instructors: Charles Nadim (Fall)

  • CFIN 540 Introduction to International Finance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : The international financial environment as it affects the multinational manager. In-depth study of the various balance of payments concepts, adjustment of the external balance, and the international monetary systems, will be followed by a review of theory and institutional aspects of the foreign exchange and the international markets.

    Terms: Fall 2016, Winter 2017

    Instructors: Rima Hindo (Fall) Raad Jassim (Winter)

Complementary Courses (9 credits)

  • CFIN 501 Retirement, Estate and Tax Planning (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : The objective of this course is to discuss the various elements in the retirement planning process such as pension planning instruments, public and private pension plans, insurance, income tax, estate planning, and wills.

    Terms: Summer 2017

    Instructors: Jack Triassi (Summer)

  • CFIN 515 Behavioural Finance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : The course will introduce various documented psychological biases that impact human behaviour and decision making. These documented market anomalies will be examined and assessed in the context of mean-variance efficiency theory. Typical forecasting errors, expert justifications and continued investor reliance on forecasting models will be examined.

    Terms: Fall 2016, Summer 2017

    Instructors: Salim Laaroussi (Fall) Salim Laaroussi (Summer)

  • CFIN 528 Strategic Asset and Liability Management (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course examines the essential concepts in Asset Liability Management in banks and insurance companies, focusing on managing risks such as liquidity risk, interest rate risk, credit risk, and operational risk. It also looks at strategic tools to manage these risks.

    Terms: Winter 2017

    Instructors: Amr Addas (Winter)

  • CFIN 552 Firm Valuation (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course provides a comprehensive analysis of alternative valuation models and techniques such as discounted cash flow, and relative and contingent claims valuation methods. These techniques are applied to the valuation of various types of firms such as financial services, start ups, private, distressed firms, and firms with negative earnings.

    Terms: This course is not scheduled for the 2016-2017 academic year.

    Instructors: There are no professors associated with this course for the 2016-2017 academic year.

  • CFIN 553 Corporate Mergers and Acquisitions (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : The mergers and acquisitions field is introduced and presentation and research skills for the investment banking or merger arbitrage industries are developed and strengthened. Theory from corporate finance is applied to the analysis of mergers, acquisitions, and related transactions. Methodology for preparation of a job interview product is also presented.

    Terms: Winter 2017

    Instructors: Simon Touchette (Winter)

  • CFIN 562 Finance and Sustainable Enterprise (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : The course will assess the impact of environmental regulations on corporate financial policies, such as capital budgeting and capital structure, their input variables and considerations, corporate governance and Real Options from a binomial decision tree perspective. Time will also be devoted to studying cases of sustainable corporate financial policies.

    Terms: This course is not scheduled for the 2016-2017 academic year.

    Instructors: There are no professors associated with this course for the 2016-2017 academic year.

  • CFIN 590 Topics in Finance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : Specialized course covering an advanced topic in the finance area selected from current issues or themes in literature.

    Terms: This course is not scheduled for the 2016-2017 academic year.

    Instructors: There are no professors associated with this course for the 2016-2017 academic year.

  • CFIN 595 Derivatives and Risk Management Tools (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    Finance (CCE) : This course develops and illustrates the no-arbitrage approach to the valuation of popular derivatives like forwards, futures and options for risk management purposes. Additional topics include an introduction to exotic options, emerging instruments, and the Nobel winning Black-Scholes option pricing model.

    Terms: Fall 2016

    Instructors: Vadim di Pietro (Fall)

  • CPD2 505 Risk Management and Insurance (3 credits)

    Offered by: Career & Professional Develop (School of Continuing Studies)

    Overview

    CPD2 : This course explores the fundamentals of risk management and covers the theory and practices of insurance, policy construction and interpretation for major classes of commercial and personal insurance and emphasizes the importance of decision-making criteria in selecting among various alternatives available.

    Terms: Fall 2016

    Instructors: Ibrahim Abou-Haidar (Fall)

School of Continuing Studies—2016-2017 (last updated Aug. 26, 2016) (disclaimer)