This course consists of two parts. The first part of the course covers topics that are already introduced in undergraduate finance courses, but does so in a more rigorous fashion. Related theories (e.g., theories on capital structure and dividend policy) will be delineated with reference to empirical findings via research articles and with the aid of cases. Main topics include, but not limited to, business valuation, capital structure, dividend policy, and leasing. The second part includes advanced topics in Corporate Finance. This part of the course will examine the issues and tools related to making sound investing, financing, and liquidity management decisions, including how these decisions interact with other business decisions. Main topics include, but not limited to, mergers and acquisitions, share repurchase, working capital management, financial distress and corporate governance and business ethics. Issues and developments in industry practices and related research findings will be discussed. This course will involve the use of case studies about real companies.

This course is the first part of Investment Analysis and Portfolio Management. This course focuses on the investment decision- making process from the perspective of portfolio managers. Topics covered include, but are not limited to, the theories and practices in creating, maintaining, and evaluating the performance of investment portfolios. This course will be delivered so that it integrates the basic investment concepts taught in undergraduate Finance courses and delineates investment process at a more advanced level. In delivering the above topics, current research findings will also be shared with students. Since delegated portfolio management is a main theme of the course, emphasis will be placed on adhering to ethical standards when dealing with clients.

In this course, students will learn how to analyze a company’s financial statements in depth, assess its financial reporting quality, and estimate its fair equity value as well as current research financial statement analysis and equity valuation. Various analysis tools learnt at the undergraduate level, for example, ratio analysis, DuPont analysis, Altman Z score and Beneish M score, will be used to assess a company’s risk and profitability in an advanced manner. Moreover, dividend-based, cash-flow-based, earnings-based, and market-based valuation models will be delineated and applied to value a real-world company. While covering these valuation methods, related research in the literature will be discussed. Throughout the course, the ethics will be discussed from various perspectives.

This course delineates the important aspects of derivative instruments. It has four main components. First, the course introduces students to the essential concepts (e.g., risk-neutrality and arbitrage pricing) and valuation techniques/models such as the cost-of-carry model for futures, and the Black-Scholes model for options (both the basic and the more advanced, extended models). Second, the course also examines the valuation and application of more advanced securities such as interest rate swaps, floors, caps and credit default swaps. Third, numerical valuation techniques such as binomial trees and finite difference methods (implicit and explicit) will be introduced. Fourth, the course enlightens students with the practical aspect of the derivatives markets. Through real-time trading of derivative securities, students will be able to apply their classroom knowledge and shrewd judgment to real-world investing. Ethics and proper trading conducts as well as current research in the area of derivatives will be covered throughout this course.

This course is the second part of Investment Analysis & Portfolio Management. Topics covered include, but are not limited to, portfolio risk management, portfolio performance evaluation and attribution, behavioural finance, and various types of alternative investments (e.g., hedge funds, private equities and venture capitals, commodities, and real estate investments). In delivering the above topics, current research findings will also be shared with students. Additionally, the course will employ case studies extensively. Since delegated portfolio management is a main theme of the course, emphasis will be placed on adhering to ethical standards when dealing with clients.

This course delineates the important concepts, markets, valuation techniques and portfolio applications of fixed income securities. The course consists of several important parts. The first part will introduce students to the various types and characteristics of fixed income securities. It will also describe how the fixed income markets are organized (structures, participants, etc.). The second part will cover the essential concepts, analytical tools, and valuation techniques related to fixed income securities. Concepts such as term structure of interest rates, yield spreads, duration, convexity, interest rate risk, and credit risk will be delineated and the tools and techniques for analyzing them will also be introduced. The third part deals with fixed income valuations at the sector, industry and company levels.

Arbitrage-free valuation of fixed income securities will be dealt with. The fourth part will cover structured products and bonds with embedded options. The fifth and last past will delineate the portfolio aspects of fixed income such as investment strategies and portfolio benchmarks. To effectively apply classroom materials, students will be required to do a small-scale project in which they will build a fixed income portfolio with a clearly defined objective/mandate, a portfolio composition backed by careful analysis, and a meaningful benchmark. Ethics and proper trading conducts as well as current research in the area of fixed income will be covered throughout this course.

The information age, accompanied by intense global competition and the need to manage an increasingly diverse workforce, has ushered in the need for a new type of leader. In order to thrive in the new economy, companies need fully engaged employees at all levels. Managers need to adopt new models of leadership if they are to encourage employees to work independently and contribute to problem solving throughout the organization. This seminar course will draw on empirical research and the lessons learned from examining the leadership qualities of some of the best leaders around the world to offer tools and strategies for becoming the kind of leaders that will thrive in the new millennium. In particular, this course will explore leadership and leadership behaviours with a critical lens on ethics and ethical leadership. Specific focus will be given to the principles of ethical leadership throughout the course via examples, cases, and the analysis of ethical dilemmas in different leadership contexts.

Students will be introduced to the theoretical foundations and practical applications of techniques used to develop new markets and then to sell their products and services into these markets. The course will explore the rationales for market development, both from supply and demand perspectives. It will then discuss methodologies for entering markets via marketing strategy, direct selling and communications programs. Finally, the course will examine longer-term business development perspectives toward the development of long-term competitive advantage for the firm.

The course lays the foundation for predictive analytics and “Big Data” methodologies via state-of-the-art data science techniques and computational tools, and incorporates a series of hands-on case studies motivated by industrial applications and current research questions in the field. By the end of the course, students will be familiar with data manipulation and transformation techniques, and will be capable of applying analytics and data architecture plans to improve decision making in business processes and investigate new ways of exploiting the value of the data.

This course focuses on strategic leadership, assessment and management. It requires students to integrate both their technical knowledge and professional skills. This course requires heavy participation by students and is interactive. Students need to use their critical thinking skills for problem-solving to come up with a decision that is ethical and professional.

This course is the first of two courses where students will use case studies to address real life business scenarios requiring integration across all areas of Management with a focus on the integration between Accounting and Finance. Students will be expected to continue to use and develop their professional skills including professional and ethical behaviour, problem solving and decision making, communication, self-management, teamwork and leadership. This course also includes the participation in case competitions, workshops and seminars.

This course is the second of two courses where students will use advanced case studies to address real life business scenarios requiring integration across all areas of Management with a focus on the integration between Accounting and Finance. Students will be expected to continue to use and develop their professional skills including professional and ethical behaviour, problem solving and decision making, communication, self-management, teamwork and leadership. This course also includes the participation in case competitions, workshops and seminars.

This course is designed as equivalency for the Strategic Professional level of study within the ACCA. This course integrates and builds on past coursework to focus on students’ ability to make strategic business reporting decisions for a variety of stakeholders. Students are tested on concepts, theories, principles and their ability to apply knowledge to scenarios in a corporate reporting environment. The format of the course will be heavily based on and resemble the structure if the ACCA exam.

This course is designed as equivalency for the Strategic Professional level of study within the ACCA. This course builds on previous coursework in governance, ethics, risk management, internal control, strategy and leadership to explore integrative executive decision-making in an international business context. The course mirrors the corporate workplace and requires the demonstration of a blend of technical, ethical and professional skills to make strategic, operating and other decisions. The format of the course will be heavily based on and resemble the structure of the ACCA exam.

The Co-op Internship is typically 12 weeks in length and involves work experience in an area directly related to the fields of Accounting or Finance with a reputable employer. After the Co-op Internship, candidates will be required to write a Co-op Internship report. In addition to this process, students will be asked to provide a one-hour seminar on how their work experience has enhanced their understanding of the materials covered in the MAcc.Fin. program.

Together with MAF4002H, this course introduces students to major issues facing the accounting and financial industries. Experienced financial professionals from diverse backgrounds will speak about their experience in applying their knowledge to pressing issues relating past, present and future changes in the industry.

Students will complete independent and group assignments, which provide opportunities for MAccFin students to reach out to the larger community for information on innovative developments in their fields of interest, and thereby, acts as a networking vehicle. The course material provides opportunities to practice their professional writing, networking and public speaking, which are all important enabling skills to be successful in professional practice.

Together with MAF4001H, this course introduces students to major issues facing the accounting and financial industries. Experienced financial professionals from diverse backgrounds will speak about their experience in applying their knowledge to pressing issues relating past, present and future changes in the industry.

Students will complete independent and group assignments, which provide opportunities for MAccFin students to reach out to the larger community for information on innovative developments in their fields of interest, and thereby, acts as a networking vehicle. The course material provides opportunities to practice their professional writing, networking and public speaking, which are all important enabling skills to be successful in professional practice.

This course provides an overview of key foundational knowledge in financial and managerial accounting concepts for MAccFin students. These concepts are critical for students and prepares them for Capstone 2 of the CPA program and the CFE exam. Topics reviewed in this course include key financial reporting standards under both IFRS and ASPE, key analytical tools under managerial accounting, key auditing standards and practices, as well as key concepts covered under the Income Tax Act. Students are required to understand these concepts thoroughly in order to able to integrate these concepts and apply them in a complex case analysis.

This capstone course offers an applied approach to the topics covered in the finance courses offered in the program. The course links the learning outcomes of the MAccFin’s finance courses and its industry applications, and prepares the students to be successful in the CFA (Chartered Financial Analyst) examinations. It integrates financial topics including statistics, economics, accounting and others into a comprehensive review of financial concepts, teaching the student evaluate the financial health of businesses in a holistic way. The course is offered at the BRIDGE where students are trained to use specialized financial software to augment this experiential learning opportunity.

This course offers an applied approach to all topics covered in the MAccFin program and allows students to develop the ability to apply and link the learning outcomes of the various accounting and finance courses to various business situations from a strategic and analytical perspective. Students will master the Chartered Professional Accountants’ (CPA) way of writing cases. The course also prepares students for successful completion of the CPA’s Capstone 2 and final CFE exam. The curriculum integrates topics including statistics, economics, finance, accounting, strategies, audit, tax and others into a comprehensive review of how these concepts support strategic business decisions, financial reporting, tax planning and audit practices, etc. The class work provides students hands on experience in analyzing different types of cases, from multi-subject to comprehensive strategic business decision cases and an understanding of the assessment framework under the CPA case writing requirement.

This professional development seminar course covers approaches to professional exam writing and allows students to practice demonstrating technical proficiency and case writing in Assurance, a component of the ACCA designation's four Strategic Professional exams. Note: This is a credit/non-credit course.

This professional development seminar course covers approaches to professional exam writing and allows students to practice demonstrating technical proficiency and case writing in Performance Management, a component of the ACCA designation's four Strategic Professional exams. Note: This is a credit/non-credit course.

This seminar course covers approaches to professional exam writing and allows students to practice demonstrating technical proficiency and case writing in Financial Management, a component of the ACCA designation's four Strategic Professional exams. Note: This is a credit/non-credit course.

Measure Theory: Lebesque measure and integration, convergence theorems, Fubini's theorem, Lebesgue differentiation theorem, abstract measures, Caratheodory theorem, Radon-Nikodym theorem.

Functional Analysis: Hilbert spaces, orthonormal bases, Riesz representation theorem, compact operators, L^p-spaces, Holder and Minkowski inequalities.

Basic Functional Analysis: Banach spaces, Hilbert space, Hahn Banach theorem, open mapping theorem, closed graph theorem, uniform boundedness principle, Alaoglu's theorem, Frechet spaces.

Fourier Analysis: Fourier series and transforms, Fourier inversion and Plancherel formula, estimates and convergence results, more topological vector spaces, Schwartz space, distributions.

Spectral theory: spectral theorem for bounded self-adjoint operators, specializations to compact operators and/or extensions to unbounded operators, as time permits.

This course will cover a review of holomorphic and harmonic functions; topology of the space of holomorphic functions: series and infinite products, Weierstrass p-function, Weierstrass and Mittag-Leffler theorems; normal families: normal families and equicontinuity, theorems of Montel and Picard; conformal mappings: Riemann mapping theorem, Schwarz-Christoffel formula; Riemann surfaces: Riemann surface associated with an elliptic curve, inversion of an elliptic integral, Abel's theorem. Further topics may be included such as analytic continuation and monodromy theorem.

The course will cover various topics in Fourier Analysis; topics will differ from year to year.

The course will cover various topics in Real Analysis; topics will differ from year to year.

The course will cover various topics in Complex Variables; topics will differ from year to year.

The course will survey the branch of mathematics developed (in its abstract form) primarily in the twentieth century and referred to variously as functional analysis, linear operators in Hilbert space, and operator algebras, among other names (for instance, more recently, to reflect the rapidly increasing scope of the subject, the phrase non-commutative geometry has been introduced). The intention will be to discuss a number of the topics in Pedersen's textbook Analysis Now. Students will be encouraged to lecture on some of the material, and also to work through some of the exercises in the textbook (or in the suggested reference books).