**Review** Undergraduate Catalog 2025-2026

Kenneth W. Monfort College of Business

Department of Finance

BAFN 231 Legal Environment of Business

Emphasizes public law, regulation of business and various relationships that exist within society, government and business such as; economic regulation, social regulation, laws impacting labor-management issues and environmental concern.
3

Course Fee

Differential Tuition Required

BAFN 240 Introduction to Personal Financial Planning

Discuss concepts and principles of personal financial planning including personal financial assessment, goal setting, planning and management of personal assets, credit, insurance, investments, estates and taxes.
3

Course Fee

Differential Tuition Required

BAFN 302 Essentials of Business Finance

Examines the basic principles and concepts of financial management. Topics include valuation, risk, financial analysis and planning, working capital management, cost of capital, capital structure and capital budgeting.
3

Prerequisites

(BAAC 301 with a minimum grade of D-) and (ECON 205 with a minimum grade of D-) and (Completion of LC2-Mathematics course or Completion of LAX1-Mathematics course)

Major/Minor Restriction

Exclude Business Administration Major(s)

Course Fee

Differential Tuition Required

BAFN 305 Intermediate Business Statistics

Topics include a review of statistical estimation and hypothesis testing, ANOVA, simple and multiple regression, forecasting and decision theory. Students will use Excel and a number of web-based databases.
3

Prerequisites

(Concurrent Prerequisite BACS 101 with a minimum grade of D-) and (MATH 131 or MATH 176 with a minimum grade of D-) and (STAT 150 with a minimum grade of D-)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 332 Business Administration and the Law

Provides an understanding of the law of business transactions as part of the decision making process. Topics will include the law of contracts, sales, bailments and negotiable instruments.
3

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 340 Principles of Risk and Insurance

Theory of risk and risk bearing; arrangements; insurance industry, types of insurers, functions of insurers and government regulation of insurance; social insurance; and basic features of selected insurance contracts.

3

Offered

Generally offered Fall and Spring Annually

Program Restrictions

Include BusAdm:Accounting-BS and BusAdm:Comp. Info. Systems-BS and BusAdm:Finance-BS and BusAdm:General-BS and BusAdm:Management-BS and BusAdm:Marketing-BS and Health Sci:Health Admin-BS and BusAdm:Entrepreneurship-BS and BusAdm:Human Resource Mgmt-BS and BusAdm:Institute Risk Mgmt-BS and BusAdm:Wealth Asset Mgmt-BS

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 370 Business Finance

Examines the basic principles and concepts of financial management. Topics include valuation, risk, financial analysis and planning, working capital management, cost of capital, capital structure and capital budgeting.
3

Prerequisites

(BAAC 221 and ECON 203 and ECON 205 and STAT 150 with a minimum grade of D-) and (MATH 124 with a minimum grade of D- or ACT Math with a minimum score of 26 or SAT Mathematics with a minimum score of 560 or SAT Math Section with a minimum score of 580)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 371 Financial Markets and Institutions

Analyze characteristics and interrelations between money and capital markets and flow of funds. Stress financial institutions' role as intermediaries and effect on economic activity.
3

Prerequisites

ECON 203 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 372 Introduction to Real Estate

Discover important concepts and principles of real estate, especially procedures for evaluating and appraising real estate investments, legal marketing and financing aspects of real estate.
3

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 375 Multinational Financial Management

Addresses the financial characteristics and environment of the multinational corporation. Special attention is focused on how international risk factors and foreign securities markets affect financial decisions.
3

Prerequisites

BAFN 370 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 379 Investments

The study of financial securities, their valuation and the markets where they are traded. Analyze economic and market factors affecting risk, returns, and timing of investment decisions.
3

Prerequisites

BAFN 370 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 422 Directed Studies

Individualized investigation under the direct supervision of a faculty member. (Minimum of 37.5 clock hours required per credit hour.) Letter Graded.
1- 3

Special Notes

Maximum concurrent enrollment is two times.

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Attribute

Variable Title Course

Repeatable Status

Course is repeatable with no limitations

Course Fee

Differential Tuition Required

BAFN 460 Entrepreneurial Finance

This course in Entrepreneurial Finance builds the core body of knowledge in financial modeling and analysis as these relate to the issues of raising capital for, and managing financial operations of, a startup/early-stage enterprise.

3

Prerequisites

(BAFN 302 or BAFN 370 with a minimum grade of D-)

Special Notes

BAFN 460 cannot be retaken for credit if BAFN 495 “Entrepreneurial Finance" title was taken in Fall 2024.

Offered

Generally offered Fall Annually

Mutually Exclusive Course

Credit allowed for only one of these courses: BAFN 460 and BAFN 495

Level Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 470 Financial Management

Covers advanced concepts and techniques of financial management, especially emphasizing the overall environment and decision making by financial managers. Topics include modern portfolio theory and capital structure theory.
3

Prerequisites

BAFN 370 with a minimum grade of C-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 473 Commercial Bank Management

Investigate the management of banks and other financial institutions. Evaluate decision strategies used to enhance performance in a changing economic and regulatory environment. Review banking principles, current practices problems.
3

Prerequisites

(BAFN 370 and BAFN 371 with a minimum grade of D-)

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 474 Case Problems in Financial Management

This seminar class involves the comprehensive study of applied financial management, finance, other business skills and financial decision making processes for the firm. Use case study problem solving method.
3

Prerequisites

BAFN 470 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 478 Student and Foundation Fund

Involves students managing a portfolio of funds provided by the UNC Foundation while studying and applying the principles of security analysis and portfolio management. S/U graded.
3

Prerequisites

BAFN 379 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Repeatable Status

Course is repeatable with a maximum of 6 credit hours

Course Fee

Differential Tuition Required

BAFN 479 Portfolio Management

This second level investment course examines investment decision making within the framework of modern portfolio theory. Alternative investments including derivatives (options and futures) are also examined.
3

Prerequisites

BAFN 379 with a minimum grade of D-

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Fee

Differential Tuition Required

BAFN 492 Internship in Finance

Get practical experience and opportunities to utilize theory of academic finance courses. S/U graded.
1- 3

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Repeatable Status

Course is repeatable with a maximum of 3 credit hours

Course Fee

Differential Tuition Required

BAFN 495 Special Topics in Finance

This seminar course explores advanced topics in finance. S/U or letter graded.
1- 3

Major/Minor Restriction

Include Business Administration Major(s)

Class Restriction

Include Junior and Senior

Course Attribute

Variable Title Course

Repeatable Status

Course is repeatable with a maximum of 6 credit hours

Course Fee

Differential Tuition Required