Basically, all MBA students could, and should, take the course. In particular, students interested in careers in consulting, corporate finance, equity research, investment banking, and anybody who wants to run a corporation. The objective of this course is to develop a set of tools for in-depth financial statements analysis and valuation. This course emphasizes the theme of data analytics and the "Accounting Art of War" (paraphrasing Sun Tzu) and extends it. The class emphasizes analysis rather than mechanical work and, consequently, uses a specialized software for the mechanical part (spanning from ratio analysis to company valuation).

This course is for students who wish to understand how to diagnose corporate financial distress and evaluate the various legal and out-of-court options for alleviating distress. This course aims to study the reasons why some firms find themselves in financial distress, alternative courses of action (including out-of-court and legal options) in response to financial distress, and the role of various stakeholders in the process.

This course is for students interested in understanding how the legal environment interacts with the business environment. This course is intended to focus participant’s attention on those areas of law that typically affect a business's operations. In addition, we will examine those areas of law that reflect on the role of directors and officers of organizations in the profit and not-for-profit sectors. Recent case law provides numerous examples that illustrate the conflicting roles managers often find themselves in.

This course is useful for students pursuing a career where one needs to analyze financial statements. This course will help you analyze and value businesses using financial statements. We will discuss how accounting regulations and managerial discretion influence presented financial statements. You will understand how to interpret financial statements, analyze cash flows, and make judgments about earnings quality. Finally, we will use financial statement analysis prospectively to forecast and value firms using cash flow-based and accounting-based methods.

Financial Fraud and Management Control — this course is intended for all MBA students who are interested in financial fraud, ethics, and corporate control. This course aims to broaden students' understanding of how proper managerial control over financial reporting interacts with corporate governance designs helps avoid catastrophic outcomes.

Accounting for Entrepreneurs — this course provides accounting (financial, managerial, and taxation) related skills that are useful in these companies. Students who are interested in working for, or working with entrepreneurial companies should take this course. This course will introduce the accounting tools and develop the accounting skills related to the role of a Chief Financial Officer (CFO) at a private, entrepreneurial company.

In this case-based course, we will extend the discussions of important and modern financial reporting issues from the perspective of management reporting incentives and corporate control environments. That is, we will focus on the intersection between financial reporting, corporate governance, risk management, internal control, and management incentives.

Students will gain insights of key financial reporting issues and debates, and how corporate control mechanisms may address or exacerbate these financial reporting issues through case studies.

Experimental course.

Experimental course.

The aim of this course is to help you learn to apply fundamental ideas of financial economics, which you already know from basic finance courses such as RSM1232H, to problems in the area of corporate finance that reflect the complexities that the real world entails. The course will give you the opportunity to analyze practical financial situations, on the assumption that you are already familiar with fundamental ideas concerning valuation methods, risk analysis, CAPM, derivatives, and capital structure. In addition to analyzing specific financial issues, we will consider how those issues relate to the broader objectives of the firm and the underlying "big-picture" assumptions used in numerical calculations.

This course covers financial decision making inside non-financial firms. While we will always have to consider the perspective of financial markets and financial institutions as "constraints" for our decisions, and while financial markets provide some of the data we require (for example: the cost of debt and equity capital), the goal is to learn how to make optimal decisions from the perspective of non-financial firms. In this course, this also includes financial decisions inside small firms and even inside a non-profit firm. We take the perspective of various decision makers: not just the CFO, but also other executives including the CEO, COO, and divisional and functional heads. Since the decisions of functional managers (Marketing, HR, Operations, etc.) have to satisfy the financial goals and constraints of the firm, we will explicitly examine their decisions and their relationship to value maximization and financial risk management. We will also examine how firms can avoid “running out of money” while they grow and execute strategic plans.

Students who are interested the theoretical framework and real-world practice of portfolio management. This course provides a solid background for those who plan to work in the investment management industry in any capacity, and for others who have a strong interest in investing.

The course learning objectives have general applicability but are particularly relevant for developing skills for risk management, investment strategies, and securities trading. Concepts include: reviewing recent innovations in financial markets and securities, information processing, etc; developing modeling skills (e.g., coding, algorithms, Monte Carlo simulation, etc.) and; practicing decision making for investment, trading, and risk management strategies.

The course is particularly well suited to anyone willing to gain some general knowledge and historical perspectives on the functioning of our institutions today. The financial landscape is rapidly evolving as we are facing an unprecedented health and economic crisis. Many of the themes of this class have special relevance today: how banks and credit markets amplify or absorb economic shocks, how banking regulation limits the risks of a banking crisis, how monetary policy affects growth and inequalities, how financial institutions channel funds from households to firms, how central banks curb inflations. Examining these questions will provide you with a holistic view of finance, capital markets, and the role of financial institutions.

This course will focus on corporate financial management in an international context. We begin with a brief overview of the nature of international business activities and the evolution of multinational enterprises. Next is an introduction to multinational tax issues, international trade and international trade finance. We then cover the foreign exchange market and exchange rate determination, as well as other international financial markets and instruments. This sets the stage for learning about a variety of international financial management topics, including foreign exchange exposure measurement and management, financing the global firm, and foreign direct investment decisions.

This course is for students who expect to work in finance, or who would like to learn to use derivatives-based tools for personal finance and investing, or who somehow have special interest in derivatives markets. The objective is to provide a well-balanced, practically useful introductory course on financial derivative products. It emphasizes hands-on learning through a group-based project in trading options and futures.

The objective is to enhance student’s knowledge of the way in which derivatives can be priced, analyzed and hedged. The course starts with Black-Scholes analysis. This leads to a variety of approaches commonly used to value and hedge derivatives. This technology is then applied to a variety of exotic contracts. The second half of the course focuses on the types of models used in the swap markets.

This course is for students expecting to work in finance, particularly those who would like to work for a bank, insurance, or other large financial institution. This course addresses the way companies, particularly financial institutions, manage risk. It covers credit risk, market risk, operational risk, and model risk. The nature of bank regulation and the Basel capital requirements for banks are examined. Other topics include copulas and the calculation of economic capital. The course also covers recent regulatory changes and macroprudential policies that have significant impacts on the Canadian and international capital markets.

This course should be useful to any student interested in capital markets, investment banking/private equity, strategy consulting, corporate development, entrepreneurship, accounting and control, business journalism, general management, and advising senior management. The objective of the course is to provide an understanding of the strategic motivations and the drivers of value creation/destruction in mergers and acquisitions (M&A), as well as to develop skills in the design, evaluation, and negotiation of these transactions. Familiarity with M&A is a foundation for effective work in a wide range of fields including investment banking, private equity, strategic consulting, corporate development, and advising senior management.

The course is designed for students interested in pursuing a career in debt capital markets and who are interested in the functioning and understanding of the fixed income market, the deepest pool of capital globally. Key features of this course include a focus on the primary market through real transaction analysis, review of bond structures and pricing. The latter will also include an overview of the sustainable debt, the newest sector in the market — use of proceeds, structuring, and oversight. The objective of this capital markets course is to link bond theory with market practice using traditional educational cases and current, real-world examples.

This course is for students interested in a rigorous course on company evaluation using the Value Investing approach. The mission of this course is to provide students with the skills needed to practically apply the value-based investment philosophy to investment decision-making.

This course prepares students for the emerging jobs where future leaders must apply their commerce training together with a deep understanding and appreciation for sustainability issues and goals. Examples of these jobs range from finance roles in asset management, where ESG/CSR and other sustainability objectives and measures (e.g., fossil fuel divestment, social justice, development, etc.) are fast becoming required currency, to roles inside large and small non-financial corporations and non-for-profit institutions where financial literacy and finance skills are required in the pursuit of goals related to sustainability. The market for these jobs is expanding and they range from opportunities in the traditional financial sector to the corporate sector to small fin-tech firms to the entrepreneurial start-up world. Risk management is another sector that worries about global, national, and local risks arising in fields associated with sustainability like climate change and income inequality.

This course is of interest to those seeking financing for a venture and those interested in private equity, venture capital, investment banking, consulting, venture capital, private equity, and funds management (e.g., as an institutional investor). The primary objective of the course is to improve students’ ability to understand the concepts and institutions involved in entrepreneurial finance and private equity. Private equity firms (both those that specialize in venture capital and those that focus on leveraged buyouts) have demonstrated an ability to create value by acting as a financial intermediary, between firms and ultimate investors. The course will provide students with skill sets so they can analyze and understand entrepreneurial financing opportunities and private equity from multiple perspectives: the perspective of the individual/firm seeking and receiving private equity financing for their project; the perspective of the private equity fund (GP); and, the perspective of the limited partners (LP) that provide finance for private equity funds. The course utilizes tools and frameworks from economics, finance, strategy, accounting, and law, applying them to case situations.

This course focuses on the financial management issues faced by private wealth holders. It will be of interest to students who aim to work in the private wealth industry or who want to better understand wealth management for their own families. The goal of the course is to help students develop an understanding of the unique financial management problems and opportunities faced by individuals and families of wealth, and the practical, integrated approaches to dealing with them.

FinTech, the application of information technology to finance, is rapidly changing the landscape of financial services. The purpose of this course is two-fold: 1) to provide the knowledge and skills needed to understand various FinTech innovations; 2) to prepare you for careers in the technology space, particularly those focused on financial services.

The course is geared towards management students and does not require engineering or computer science knowledge; the focus is on finance concepts, economic frameworks, the institutions, and social and regulatory implications. The course will be mainly qualitative with emphasis on economic insights. Topics covered include digital banking, payment, insuretech, P2P lending, robo-advising, real estate fintech, etc.

We will introduce concepts from economics, such as network effects, coordination frictions, information asymmetry, disintermediation, and decentralization. We will also draw knowledge from strategy, law, marketing, and computer science. You will gain experience in analyzing cases of real companies and pitching new FinTech startup ideas.

This course is designed for students who intend to work in the financial services industry or in an industry that is closely aligned to financial services. Students will learn about the businesses of banks under new regulations that have been adopted since the 2008 Credit Crisis and how these have worked in the pandemic of 2020. The increasingly important factor of technological disruption will feature in most discussions on bank's core businesses. A discussion of how banks will compete with Fintech new entrants and the possibility of facing significant competition from Big Tech firms if they choose to enter the market. Students will learn how banks make money across each of their main business lines, the key components of their business model and the impact of regulation today. Senior subject matter experts in each class will allow students to meet multiple business leaders in person.

Machine learning is an important branch of artificial intelligence where a computer learns from large volumes of data. Many activities within financial services (as well as other industries) are being impacted by machine learning. For example, lending decisions, investment strategies, fraud detection, the marketing of financial products, and even hiring decisions now involve machine lending. The course will introduce students to the tools of machine learning and allow them to become comfortable with the way Python is used for machine learning projects.