BS in Business Administration (Major in Finance)

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Program Requirements

General Education Requirements (31-34 credits)

A. Orientation Courses (13-14 credits required)

Code Course Title Credit
ENG 101 Composition 3
UNIV 100 University First-Year Transition 1
UNIV 200 Innovation, Entrepreneurship and Sustainability 3
ITEC 103 Fundamentals of Information Technology  3
ARAB 101 or
ARAB 110		 Beginner Level Arabic and Culture for non-Native Learners I or
Arabic Language and Culture for Native Arabic Speakers I 		3

B. Knowledge Domains (18-20 credits required)

Humanities and Fine Arts (6 credits required)

1. Creative and Aesthetic Understanding (3 credits)

PHIL 100 Critical Thinking and Reasoning  3

2. Cross- Cultural and Ethical Understanding (3 credits)

MEST 100 Introduction to Islam in World Culture  3

3. Social and Behavioral Sciences (6 credits)

Social and Global Perspectives: (3 credits)

UAES 200 Survey of United Arab Emirates Studies 3
ECON 103 Principles of Microeconomics  3

4. Natural Sciences / Mathematics (6-8 credits)

a. Mathematics (3 credits)

STAT 100 Introductory Probability and Statistics 3
ECON 103 Principles of Microeconomics  3

b. Science of the Natural and Physical Worlds (3 credits) (Any ONE course only)

BIOL 100 Humankind in a Biological World 3
CHEM 100, 101 Chemistry in Everyday Life 4
CHEM 211, 212 General Chemistry I  4
ENVS 102 Sustainability and Human-Environment Relations 3

School Requirements (48 credits)

ECON 104 Principle of Macroeconomics 3
ACCT 204 Principles of Financial Accounting 3
ACCT 205 Principles of Managerial Accounting 3
FNAN 300 Principle of Business Finance  3
MGMT 301 Principles of Management 3
MIST 301 Introduction to Business Information Systems 3
MKTG 301 Principles of Marketing 3
BUSN 301 Business Communication 3
BUSN 304 Commercial Law 3
BUSN 306 International Business Law 3
BUSN 307 Research Methodology 3
OPMT 311 Methods and Models of Management Science 3
BUSN 312 Public Policy and Business Ethics 3
UNIV 390 Internship 3
MGMT 401 Organizational Behavior 3
BUSN 498 Strategic Management 3

BSBA (Major in FINANCE) Required Courses 15 credits

FNAN 303 Financial Analysis, Forecasting, and Valuation 3
FNAN 304 Principles of Risk Management and Insurance 3
FNAN 321 Financial Institutions 3
FNAN 401 Advanced Financial Management 3
FNAN 411 Investment Analysis and Portfolio Management 3

BSBA (Major in Finance) Elective Courses (Any 3 courses to be taken) 9 credits

ACCT 331 Intermediate Accounting I 3
FNAN 412 Futures and Options Markets 3
FNAN 421 Money and Capital Markets 3
FNAN 431 International Financial Management 3

BUSINESS ELECTIVE COURSES (15 Credits) – Any 5 courses from the major requirements and major electives listed above other than the declared major required and major elective courses taken to complete a major.

FREE ELECTIVE COURSES (3 credits) – Any courses from other programs and not already taken.

Last updated: Mar 31, 2021 @ 9:45 pm

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American University of
Ras Al Khaimah Road,
Ras al Khaimah, UAE
PO Box: 10021

Contact Us

Tel. :  + 971 7 2210 900
Fax :  + 971 7 2210 300
Mail:  info@aurak.ac.ae
Admissions:  admissions@aurak.ac.ae

Tel. :  + 971 7 2210 900
Fax :  + 971 7 2210 300
Mail:  info@aurak.ac.ae
Admissions:  admissions@aurak.ac.ae

Summer 2021 Registration Hours of Operation

Sun - Thurs : 9:00am to 6:00pm
Friday : Closed
Saturday: 10:00am to 6:00pm

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ENGL 101 - Composition

Pre-requisite(s): ENGL 099 or passing English Placement Test

English 101 provides students with intensive practice in drafting, revising, and editing expository essays for an academic audience. Using logical, rhetorical, and linguistic structures in their writing, students also develop their ability to think creatively, critically, and independently. Throughout the course, students engage in reading texts, evaluating sources, using their reading to form their own opinions, preparing research papers, and employing the MLA documentation style to avoid plagiarism.

UNIV 100 - University First-Year Transition

Students in this course transition to university life by focusing on academic adjustment, by developing decision-making skills, and by learning about services and opportunities for involvement. Although all classes have a core body of knowledge, each class specializes in a particular aspect of university life.

UNIV 200 - Innovation, Entrepreneurship and Sustainability (3 Credits)

This course aims at equipping the next generation of leaders in the UAE with an innovative and entrepreneurial mindset and its related core skills. The course combines three main points: design thinking, entrepreneurship, and growth and leadership.

ITEC 103 - (SCIT 103) Fundamentals of Information Technology 

The course focuses on the nature and uses of computers with an introduction to word processing, spreadsheets, databases and presentation software and related lab projects and includes computer systems organizations, communications and networking, legal and ethical issues, effective presentation information, computer security and the internet.

ARAB 101 Beginner Level Arabic and Culture for non-Native Learners I

Pre-requisite: None

Beginner Level Arabic Language and Culture 1 is the first in a four-course beginner and intermediate Arabic language sequence specifically tailored to the needs of non-native Arabic language students in the English and Mass Communication Programs (though any non-native learner of Arabic may enroll). This course introduces the student to the Arabic alphabet and the basics of reading and writing in Modern Standard Arabic (MSA). Instruction in the language is enriched by reference to cultural themes and visits to sites of cultural importance.

ARAB 110 - Arabic Language and Culture for Native Arabic Speakers I

Pre-requisite(s): ENGL 101

Arabic literature has developed many traditions though originating from a common source. The course is an introduction to representative texts from contemporary Arab writers, and their connections with the traditions of the past. The method is comparative, with a study of literary, political social and religious aspects, as well as the application of a theoretical framework of analysis.

PHIL 100 - Critical Thinking and Reasoning 

This introduction to basic principles of reasoning and critical thinking enhances the learner’s abilities to evaluate various forms of reasoning in everyday life and in academic disciplines. The course explores such topics as inductive and deductive reasoning, the nature and function of definitions, fallacy types, statistic use and misuse, and the rudiments of logic.

MEST 100 - Introduction to Islam in World Culture 

The course provides an introduction to the basic sources and historical contexts for the origins of Islam; some of the basic spiritual principles expressed in those sources; the contexts and practices that exemplify the spiritual principles; contributions Islam has made to civilization and to the political, social and cultural identity of the UAE. It will illustrate the concept of Islamic studies through a global, interdisciplinary and comparative approach and examine contemporary global and local issues that impact and are impacted by Islamic culture.

UAES 200 - Survey of United Arab Emirates Studies
1 Semester Credit Hour

This course presents the UAE from multiple perspectives in an attempt to expose the students to the distinct qualities of the UAE. The purpose of this course is to give students a broad, interdisciplinary, and comprehensive introduction to key features and issues in the UAE’s historical, cultural, political and economic landscapes. (Writing Intensive Course)

ECON 103 - (GEEC 103) Principles of Microeconomics 

This course introduces learners to microeconomics in the context of current problems. It explores how market mechanism allocates scare resources among competing uses. It uses supply, demand, production, and distribution theory to analyze problems.

STAT 100 - Introductory Probability and Statistics
3 Semester Credit Hours

This course introduces students to the basics of probability theory and statistical inference with examples and applications in sciences. At the end of this course, students will acquire the necessary quantitative competency in the program.

ECON 103 - (GEEC 103) Principles of Microeconomics 

This course introduces learners to microeconomics in the context of current problems. It explores how market mechanism allocates scare resources among competing uses. It uses supply, demand, production, and distribution theory to analyze problems.

BIOL 100 - Humankind in a Biological World

Human beings interact with, affect and are affected by other living organisms. This course explores the ways in which human activities have had an impact on other life on earth, mankind and disease and the development of scientific thought.

CHEM 100 - Chemistry in Everyday Life

Co-requisite: CHEM 101

The main focus of this course is on how chemistry is involved our everyday life. It covers the basic chemical principles that impact us with their immediate applications. It addresses the effect of chemicals in everyday life and introduces the techniques that make our lives easier.

CHEM 211 - General Chemistry I 

This course covers the foundations of chemical concepts: basic facts and principles of chemistry, including atoms, molecules, ions, chemical reactions, gas theory, thermochemistry, electrochemistry, chemical kinetics and equilibrium, molecular geometry, and states of matter.

ENVS 102 - Sustainability and Human-Environment Relations

The course examines the interactions between human and environmental systems, and its effect on the future of environmental sustainability. Topics covered include global and local environmental change, conservation of the ecosystem, biodiversity, water management and climate change.

ECON 104 - Principle of Macroeconomics

Pre-requisite(s): ECON 103

This course introduces students to the fundamental principles of macroeconomics in the context of current problems and its application to business decision making and economic policy. Students will be introduced to the economic way of thinking and how key concepts, theories and methods of modern economic analysis can be applied to everyday economic issues and problems. Key areas covered include demand and supply analysis and government policies; consumers, producers and the efficiency of markets; international trade; the national economy; business cycles; inflation; economic growth and stability; unemployment; and monetary and fiscal policy. Particular emphasis is placed on reviewing contemporary economic issues and how economics permeates almost every aspect of business, highlighting economics as the fundamental discipline underpinning the study of most business specializations.

ACCT 204 - Principles of Financial Accounting (3 credits)

This is an introductory course in financial accounting which incorporates International Financial Reporting Standards (IFRS) and emphasizes the use of accounting information in an ethical manner. Topics covered include: Basic accounting concepts and processes with particular emphasis on double entries; the accounting cycle; transaction analysis; accounting for assets, liabilities, owner’s equity, expenses and revenues recognition, introductory financial statement analysis; an introduction to the preparation of cash flow statements and ethical decision-making.

ACCT 205 - Principles of Managerial Accounting (3 credits) 

This is the first course in cost/managerial accounting. It discusses a range of introductory managerial accounting topics such as cost measurement and terminology, costs systems; analyzing cost-volume-profit relationships, job order and process costing, operating budgets, standard costing, introduction to capital budgeting and ethical managerial accounting-related decision-making.

FNAN 300 - Principle of Business Finance 

Pre-requisites: BACC 203 & BOPM 210

This course teaches students the fundamental principles of finance. It covers the financial decisions that financial managers should make to maximize shareholders’ wealth or a firm’s value. These financial decisions include investment decisions, financing decisions, dividend decisions and working capital decisions. Students are taught how to apply financial theories to real life financial situations, financial ratio analysis, time value of money, stock valuation, bond valuation, capital budgeting and risk and return. It also discusses the difference between profit maximization and shareholders’ wealth maximization. There is a general saying in finance that “If you can’t measure it, you can’t control it”. Therefore, the course entails calculations and arriving at conclusions that help financial managers make financial decisions and measure financial performance

MGMT 301 - Principles of Management

Pre-requisites: Sophomore Standing

This course presents essential management and organizational behavior theories and concepts. It examines the nature of managerial work under a range of business models and under rapidly changing business conditions. Managerial functions and activities such as planning, strategizing, organizing, controlling, and directing are examined in depth, and in the context of current organizational practice and scenarios.

MIST 301 – Introduction to Business Information Systems

Pre-requisites: Sophomore Standing

Course Description:

This course introduces fundamentals of computer hardware, software, networking, Internet and its technology components. The discussions are centered on the role of technology in contemporary business, and include basic relational storage concepts, with hands-on experience in building business database applications and web sites.

The course also features a mini-project.

MKTG 301 – Principles of Marketing

Pre-requisites: ECON 103

This course examines marketing principles, concepts, strategies, tactics, and analytical tools used by profit and nonprofit organizations to market ideas, products, or services to selected target groups. The course emphasizes how to promote, distribute, and price firm’s offering in dynamic economic, social, political, and international environment.

BUSN 301 - Business Communication

Pre-requisite(s): COMM 100

This course Introduces fundamentals of business models, and writing as a learning tool. The interrelationships between accounting, finance, information systems, marketing, and operations are the subject of several “learning by writing” deliverables. The course teaches business students effective methods for communicating business-related issues to clients, management and fellow employees.

BUSN 304 – Commercial Law (3 credits)

Corequisites: Sophomore Status

This course provides exposure to general legal environment of business, emphasizing government regulatory process, business ethics, and social responsibility. Regulatory topics include torts and crimes, product liability, intellectual property and cyber law, contracts, and issues related to employment and competition. Lecture, discussion, cases.

BUSN 306 - International Business

Prerequisites: ECON 104

This course offers a multi-disciplinary approach to global economic issues from the viewpoint of managing international business. It introduces salient aspects of managing in a globalized environment, including consideration of theoretical concepts. It provides a practical treatment of political-economic aspects of international trade. The course discusses foreign direct investment, global monetary systems, and strategy formulation for international business

BUSN 307 - Research Methodology (3 credits)

Prerequisites: OPMT 211, Sophomore Standing

This course provides essential underpinning support for research elements of higher level business courses. It allows candidates to make informed decisions and appropriate choices pertaining to research methodology. A range of business research tools, approaches and analytical techniques are discussed, and guidance is given on optimal structuring of research work in the business field, and the generation of research proposals.

OPMT 311 - Methods and Models of Management Science (3credits)

 

BUSN 312 - Public Policy and Business Ethics (3credits)

Prerequisite ECON 103

This course introduces the policy and ethical dimensions of business as they relate to the various stakeholders inside and outside the organization. It includes topics such as actors, institutions and ideas in the policy process, business ethical theory, ethical decision making, ethical leadership, ethical and policy dilemmas, corporate social responsibility and environmental sustainability.

UNIV 390 - Internship (3 credits, 180 - 240 hours of work experience)

Pre-requisite(s): Completion of 90 credits and CGPA greater than 2.0

Approved, monitored work experience providing the opportunity to apply concepts and theories learned in the classroom to actual practice in the workplace, in order to develop skills and to gain experience and knowledge for future employment. Students must apply for an internship a semester before the summer of the internship and comply with all requirements outlined in the Internship Manual.

MGMT 401 - Organizational Behavior (3 credits)

Prerequisite Senior Standing

This course presents essential organizational behavior and leadership theories and concepts. It examines the complexities of human behavior in a range of organizational work settings under rapidly changing business environment. Individual personality, group/team dynamics, motivation, performance, communication, and leadership concepts are examined in depth, and in the context of current organizational practices.

BUSN 498 - Strategic Management

Pre-requisites: BUSN 311, MGMT 301, OPMT 301 & MKTG 301

This course is designed to help students apply functional knowledge gained from earlier courses and integrate these with more practical information and real-life experiences. The course takes the general management point of view, emphasizing the creation, implementation and evaluation of strategy in organizations. Students adopt the viewpoint of upper management, strategize and make essential "Big Picture" decisions, using standard strategic analysis frameworks. Students develop expertise in the analysis of complex business situations and in clearly presenting strategic findings both orally and in writing.

FNAN 303 - Financial Analysis, Forecasting, and Valuation (3 credits)

Prerequisites: FNAN 300 & ITEC 103

This course teaches students a range of techniques for understanding, analyzing and interpreting financial statements, and applying the information for both forecasting and making operational or strategic financial decisions that maximize a firm’s value. The course aims at providing basic understanding of the role of financial statements play and their impact on financial decision-making. Topics covered in this course include financial statement analysis, analysis of risk and return, development of financial models, financial forecasting and firm valuation.

FNAN 304 - Principles of Risk Management and Insurance (3 credits)

Prerequisites: FNAN 303

This course introduces students to the principles and concepts of risk management and insurance. The course also discusses the theory and application of risk and insurance to real world financial decisions. Different disciplines define risk differently. However, in finance, risk is generally defined as the possibility or chances of not achieving the set objective of maximizing shareholder wealth or firm value. Students will study how financial managers identify, measure, control and monitor risk in order to eliminate, reduce, transfer or avoid it in their operational and strategic financial decision-making.

FNAN 321 - Financial Institutions

Pre-requisites: FNAN 300

The course discusses basic objectives of financial institutions, with particular reference to industry structure and regulatory environment. It discusses decision variables that management should concentrate on to achieve objectives. It also reviews the role of financial institutions in allocation of funds in financial markets.

FNAN 401 - Advanced Financial Management

Pre-requisites: FNAN 301

The course analyzes financial decision-making in firms. It emphasizes the conceptual structure of financial problems and the use of advanced analytical techniques. The topics covered include investment decisions, financing decisions, dividend decisions, working capital management, current asset management, capital structure, mergers and acquisitions, and corporate planning models. The course requires students to use Excel software when working on a number of exercises and assignments.

FNAN 411 - Investment Analysis and Portfolio Management

Pre-requisites: FNAN 301

The course analyzes modern techniques for portfolio management including evaluating standards for selecting individual securities to include or remove from portfolios. The course also discusses riskreturn analysis for portfolios, and portfolio performance measures.

ACCT 331 - Intermediate Accounting I (3 Credits)

Prerequisite(s): ACCT 205

The aim of this course is to broaden the learner’s understanding of financial accounting to comprise complex topics related to measuring and reports of cash, inventories, investments, property, receivables, revenue recognition principles, plant, and intangible assets, and equipment. Emphasis is placed on both accounting theory and practice and on the development of professional opinion and significant thoughts.

FNAN 412 - (BUFN 412) Futures and Options Markets

Pre-requisite(s): FNAN 301 and FNAN 311

Introduces options, commodity, and financial future markets as they function to provide pricing mechanisms and alternative investment vehicles. Lecture, discussion, and computer assisted research and weekly seminar.

FNAN 421 - (BUFN 421) Money and Capital Markets

Pre-requisite(s): FNAN 301 and FNAN 321

The organization of capital markets, their role in the allocation of funds to various market segments, and interaction between markets. Topics include aggregate flow of funds analysis; and money, government, corporate, and mortgage markets.

FNAN 431 - (BUFN 431) International Financial Management

Pre-requisite(s): FNAN 301

Management of contemporary firms’ international financial operations. Topics include foreign exchange risk, political risk, returns and risks of international projects, international money and capital markets, financial accounting, capital structure, and cost of capital.