BACHELOR OF SCIENCE IN FINANCE (FIN)

June 2023

Department of Accounting & Finance (ACFN)

KFUPM BUSINESS SCHOOL

B.S. in FIN(Summer Training)

Four-year Academic Plan

Freshman Year
Course Title LT LB Cr Course Title LT LB Cr
ENGL 101 Intro. to Academic Discourse 3 0 3 ENGL 102 Intro. to Report Writing 3 0 3
MATH 101 Calculus I 4 0 4 MATH 102 Calculus II 4 0 4
IAS 111 Belief and its Consequences 2 0 2 IAS 121 Language Foundation 2 0 2
PE 101 Health and Physical Education I 0 2 1 ECON 101 Principles of Microeconomics 3 0 3
ICS 104 Intro. to Programming in Python & C 2 3 3 ACCT 110 Intro. to Financial Accounting 3 0 3
BUS 200 Business & Entrepreneurship 3 0 3
Total 14 5 16 Total 15 0 15

Sophomore Year
Course Title LT LB Cr Course Title LT LB Cr
ENGL 214 Academic & Professional Comm. 3 0 3 IAS 212 Ethics and Governance 2 0 2
Statistical Methods for Actuaries and
STAT 214 3 2 4 FIN 250 Financial Management 3 0 3
Business
ACCT 210 Intro. to Managerial Accounting 3 0 3 MKT 250 Principles of Marketing 3 0 3
ECON 102 Principles of Macroeconomics 3 0 3 MGT 210 Business Communication 3 0 3
ISE 291 Introduction to Data Science 3 0 3 MIS 250 Management Information Systems 2 2 3
COE 292 Intro. to Artificial Intelligence 3 0 3
Total 15 2 16 Total 16 2 17

Junior Year
Course Title LT LB Cr Course Title LT LB Cr
CGS 392 Career Essentials 0 2 1 IAS 3/4xx IAS Elective 2 0 2
OM 210 Operations Management 3 0 3 OM 311 Business Analytics 3 0 3
MGT Legal Environment / Int. Legal
ECON 306 Economy of Saudi Arabia 3 0 3 3 0 3
311/313 Environment
FIN 3/4xxx FIN. Elective I 3 0 3 MGT 310 Organization Behaviour 3 0 3
ACCT 301 Intermediate Accounting I 3 0 3 FIN 320 Investments 3 0 3
FIN 315 Corporate Finance 3 0 3 FIN 415 Management of Financial Institutions 3 0 3
Total 15 2 16 Total 17 0 17

Summer FIN 399 Summer training 0 0 1

Senior Year
GS XXX GS Elective 3 0 3 MGT 449 Strategic Management 3 0 3
XXX 3/4xx Business Elective I/CX 1 3 0 3 XXX 3/4xx Business Elective III/CX 3 3 0 3
XXX 3/4xx Business Elective II/CX 2 3 0 3 FIN 3/4xx FIN Elective II/CX 4 3 0 3
FIN 425 Financial Modeling 3 0 3 FIN 450 Financial Policy 3 0 3
ECON 3/4xx Econ Elective 3 0 3 FIN 478 Senior Project 3 0 3
FIN 477 Senior Project 0 0 0
Total 15 0 15 Total 15 0 15

Total Credit Hours 128

B.S. in FIN (Internship)

Four-year Academic Plan

Freshman Year
COURSE TITLE LT LB CR COURSE TITLE LT LB CR
ENGL 101 Intro. to Academic Discourse 3 0 3 ENGL 102 Intro. to Report Writing 3 0 3
MATH 101 Calculus I 4 0 4 MATH 102 Calculus II 4 0 4
IAS 111 Belief and its Consequences 2 0 2 IAS 121 Language Foundation 2 0 2
PE 101 Health and Physical Education I 0 2 1 ECON 102 Principles of Macroeconomics 3 0 3
ECON 101 Principles of Microeconomics 3 0 3 ACCT 110 Intro. to Financial Accounting 3 0 3
BUS 200 Business & Entrepreneurship 3 0 3 ICS 104 Intro. to Programming in Python & C 2 3 3
Total 15 2 16 Total 17 3 18

Sophomore Year
COURSE TITLE LT LB CR COURSE TITLE LT LB CR
ENGL 214 Academic & Professional Comm. 3 0 3 FIN 250 Financial Management 3 0 3
Statistical Methods for Actuaries and
STAT 214 3 2 4 MGT 210 Business Communication 3 0 3
Business
IAS 212 Ethics and Governance 2 0 2 MIS 250 Management Information Systems 2 2 3
ACCT 210 Intro. to Managerial Accounting 3 0 3 OM 210 Operations Management 3 0 3
MKT 250 Principles of Marketing 3 0 3 MGT 310 Organization Behaviour 3 0 3
ISE 291 Introduction to Data Science 3 0 3 COE 292 Intro. to Artificial Intelligence 3 0 3
Total 17 2 18 Total 17 2 18

Junior Year
COURSE TITLE LT LB CR COURSE TITLE LT LB CR
CGS 392 Career Essentials 0 2 1 IAS 3/4xx IAS Elective 2 0 2
ECON 306 Economy of Saudi Arabia 3 0 3 OM 311 Business Analytics 3 0 3
MGT Legal Environment / Int. Legal
XXX 3/4xx Business Elective I 3 0 3 3 0 3
311/313 Environment
FIN 3/4xxx FIN. Elective I 3 0 3 FIN 320 Investments 3 0 3
ACCT 301 Intermediate Accounting I 3 0 3 ECON 3/4xx Econ Elective 3 0 3
FIN 315 Corporate Finance 3 0 3 FIN 415 Management of Financial Institutions 3 0 3
Total 15 2 16 Total 17 0 17

Senior Year
COURSE TITLE LT LB CR COURSE TITLE LT LB CR
FIN 398 Internship 0 0 6 GS XXX GS elective 3 0 3
FIN 477 Senior Project 0 0 0 MGT 449 Strategic Management 3 0 3
XXX 3/4xx Business Elective II 3 0 3
FIN 425 Financial Modeling 3 0 3
FIN 450 Financial Policy 3 0 3
FIN 478 Senior Project 3 0 3
Total 0 0 6 Total 18 0 18

Total Credit Hours 127

 Pre- Credit
No. Course Course Title Course Bulletin Description
requisite hours
1 ACCT 301 Intermediate ACCT210 3-0-3 Emphasizes objectives of financial statements, and their preparation. In-depth study of
Accounting I accounting principles with a concentration on the valuation techniques and procedures
underlying the financial statements. Features several conceptual and theoretical issues
that face the accounting profession. Accounting for current assets and current liabilities.
Accounting for acquisition and disposition of plant assets including depreciation and
depletion. Accounting for intangible assets. Study of ethics in accounting. The course also
refers to International Accounting Standards (IFRS) and standards issued by the Saudi
Organization for Certified Public Accountants (SOCPA).
2 FIN 250 Financial ACCT110, 3-0-3 Discusses the practice of financial management and the role of the Financial Manager.
Management ECON102 The basic concepts of finance, including the time value of money and conceptual
framework of risk and return in financial markets. Overview of financial markets and
institutions, financial statements, ratio analysis, cash flow analysis, capital budgeting
techniques, security valuation, the cost of capital, techniques of financial planning and
analysis and working capital management.
3 FIN 315 Corporate Finance FIN250 3-0-3 Covers the theory and practice of financial decisions and their interaction to determine
the firm’s value. Capital investment decisions are examined with certainty and under
risk. Financing decision is examined through capital structure theory, cost of capital. The
dividends policy choices are explained with their implications. The management of
working capital and short-term financing is explained. Valuation of securities integrates
the impact different financial decisions. Other topics are also discussed such as real
options analysis, leasing, mergers and acquisitions, agency theory and corporate
governance.
4 FIN 320 Investments FIN250 Co - 3-0-3 Discusses the function of the financial markets, different asset classes, and how are they
(STAT212 issued and traded and an introduction to security market indexes weighting schemes.
OR Establish the relationship between risk and expected return within the framework of
STAT214) modern portfolio theory. Fundamentals of asset pricing theory, market efficiency, and
behavioral finance are also covered in this course. Topics such as technical analysis, basic
analysis of equity securities, fixed income securities, and basics of options are also
covered in the course.
5 FIN 321 Financial FIN320 3-0-3 Properties of financial assets returns, applications of simple OLS regression and basic
Econometrics hypothesis testing, Multiple regression model, OLS diagnostics, Univariate time series
models, Multivariate models, Long-run relationships in finance (co-integration),
Modelling volatility and correlation, Switching Models, Panel data, Limited dependent
variables and Simulation methods
6 FIN Cooperative Work FIN315, 0-0-6 Each student participates in a 28-week program of industrial experience in Finance
350/351 FIN320 and/or related business area and submits a formal written report.
7 FIN 398 Internship FIN315, 0-0-3 The Finance Internship provides the student with the opportunity to gain valuable
FIN320 practical business experience and insights in an organizational environment for a
continuous period of 16 weeks to explore career interests while applying knowledge,
competency, and skills learned in the classroom. The internship performance and
responsibilities are evaluated by a faculty Internship advisor and a work-site supervisor
through student’s submission of progress reports, employer’s feedback, final report, and
presentation. Prerequisites: 85 Credit hours, ENGL 214, FIN 315, FIN 320, CGPA and
MGPA of 2.0 and above.
8 FIN 399 Summer Training FIN315, 0-0-1 The summer training provides the student with the opportunity to gain valuable practical
FIN320 business experience and insights in an organizational environment for a continuous
period of 8 weeks to explore career interests and prepare student for the demands of
today's job market. The course is designed to expose students to the reality of his
professional practice which contributes to their academic and career development. The
student is required to write one progress report, a brief final report and make a
presentation on their summer training experience and knowledge gained. Prerequisite:
65 Cr, ENGL 214, FIN 315, FIN 320, GPA>2
9 FIN 410 International FIN250 3-0-3 Covers the analysis of the key financial decisions made by multinational corporations
Financial (MNCs). The course provides an international perspective on financial problems faced by
Management multinationals. Topics include the international financial environment; international
money and capital markets; analysis of foreign exchange risk exposure and risk
management; capital budgeting and working capital management for multinationals;
foreign direct investment decisions; political risk assessment; international banking and
taxation.
10 FIN 415 Management of FIN250 3-0-3 Discusses the theoretical and practical aspects of decision making in financial institutions
Financial including commercial banks, insurance companies, pension funds and asset management
Institutions firms. Major topics include interest rate risk management, asset/liability and capital
management under current Basel regimes; credit evaluation, lending policies, and
practices, liquidity management; performance evaluation; investment banking;
investment portfolio management; international banking.
11 FIN 416 Entrepreneurial BUS200, JR 3-0-3 Introduces financial management tools and techniques that are encountered by
Finance entrepreneurs in the lifecycle of their venture. The course builds on the basic financial
tools and financial decisions framework with an emphasis on the unique challenges of
start-ups in the stages of planning, financing, operations, governance, and valuation.
Also, the course explains the role of venture capital and private equity and how they
would contribute to start-up development. In addition, deal structuring, choices of
achieving liquidity are also discussed in the course.
12 FIN 421 Security Analysis FIN320 3-0-3 Focuses on the application of investment theory in selection and analysis of securities
and Portfolio and management of portfolios. Selection and management of security portfolios,
Management applying tools and techniques developed within the modern portfolio theory framework.
Management of fixed income security portfolios, duration analysis, asset pricing model;
 investment in options and futures and their role in hedging and speculation; portfolio
performance evaluation and monitoring; examination of institutional investment
policies.
13 FIN 422 Financial Risk FIN315, 3-0-3 Discusses different types of risks that face business entities including financial institutions
Management FIN320 face in their day-to-day operations. It discusses various types of risks such as interest rate
risk, credit risk, market risk, liquidity risk, operational risk, and reputational risk. This
course will also introduce some important risk management tools and techniques such as
hedging techniques to manage local and global markets risks.
14 FIN 423 Fixed Income FIN315, 3-0-3 Covers the valuation and the analysis of risk of fixed income securities. The topics
Analysis FIN320 covered include risk measures, namely duration and convexity and their relation to the
term structure of interest rate. Also, fundamentals of credit analysis and the credit
analysis models. In addition, asset-backed securities and their structure and valuation
are discussed.
15 FIN 424 Investment FIN315, 3-0-3 Builds on basics of security analysis and valuation tools learned in corporate finance,
Valuation FIN320 investment, and other business courses. Variety of valuation techniques are covered
such as discounted cash flow models, multiples valuation, asset-based models,
contingent claim models. Also, special topics of valuation will be introduced. For
example, valuation of financial services firms, valuing start-ups, high-tech firms, and
valuing businesses with negative earnings. In addition, accounting shenanigans and their
impact on valuation will be discussed.
16 FIN 425 Financial Modeling FIN315, 3-0-3 Focuses on practical financial modeling for purposes of financial planning and decision
FIN320 making. Spreadsheet-based financial models. Quantitative modeling applications in
financial analysis and planning; valuation techniques including derivative security
valuation; capital budgeting; leasing; statistical analysis; risk analysis; optimization
techniques; investment analysis and portfolio management.
17 FIN 430 Risk Management, FIN250 3-0-3 Introduces principles and practices of insurance and risk management including
Conventional, and identification, measurement, and dealing with insurable risk in personal and business
Islamic Insurance situations. Topics include theory of risk; insurance principles and terminology;
implementation of risk management strategies through insurance coverage, risk
retention, and risk reduction devices; financial aspects of insurance companies and
markets; types of insurance coverage; basic features of selected insurance contracts.
18 FIN 435 Real Estate and FIN250 3-0-3 Overviews the real estate markets; analysis of residential and commercial real estate
Finance development, mortgage financing and investment decisions. Fundamentals of property
valuation, economic factors influencing property values, property management, and
appraising principles for residential and income property, leverage, and methods of
financing.
19 FIN 440 Islamic Finance Co - FIN320 3-0-3 Introduces Islamic Banking and Finance, Islamic finance in Saudi Arabia and international
Markets, Islamic contract Law, Islamic Banking and financial instruments, Applications of
Islamic financing and Islamic bonds (Sukuk), Islamic insurance (Takaful), Social financing
institutions, Islamic assets and fund management, Risk management in Islamic finance
and Basel Accord, Islamic international infrastructure bodies and banking regulations,
Innovation, products development, and future of Islamic financial industry.
20 FIN 441 Governance of Co - FIN440 3-0-3 Covers corporate governance overview and Islamic perspective, Shariah requirements in
Islamic Financial products and operations (principles of Shariah Compliance), International shariah
Institutions governance standards, Regulatory framework of Shariah governance system in Saudi and
International markets, Governance structure and Shariah Supervisory Board, Shariah
review and audit shariah review, Shariah committee reporting, Shariah Audit Scope,
Shariah audit reporting, Shariah risk management, Special governance issues of Islamic
financial Institutions, Shariah governance service industry (research, advisory, audit
services).
FIN 442 Islamic Capital FIN440 3-0-3 Covers capital markets overview and founding thoughts, Islamic finance: underlying
Markets contracts, instrument design and requisites, Islamic interbank money market (IIMM),
Sukuk and Sukuk markets and indices, Sukuk pricing, Islamic equity market and indices,
Islamic mutual funds, Islamic Exchange traded funds (ETF), Islamic real estate investment
trusts (REIT), Shariah-compliant derivative instruments, Structured Islamic products,
Islamic portfolio management.
21 FIN 443 Accounting of FIN440 3-0-3 Covers Islamic financial system, Islamic financial contracts, Islamic accounting and the
Islamic Financial regulatory framework, Conceptual framework, General presentation and disclosures
Institutions requirements, Accounting for deposits and investments, Accounting for Mudarabah
financing, Accounting for Musharakah financing, Accounting for Murabahah financing,
Accounting for Ijarah financing, Accounting for Salam financing, Accounting for Istisna
financing and parallel Istisna, Accounting for Takaful.
22 FIN 450 Financial Policy FIN315, 3-0-3 Examines practical problems in all areas of finance in a case study format. The course
FIN320 emphasizes the application of financial theories and analytical techniques to solve
business problems in both domestic and international settings. Topics covered in the
course include financial analysis and planning; working capital management; capital
budgeting and cash flow analysis; lease financing; long-term financing and capital
structure decisions; corporate restructuring, mergers & acquisitions, investment analysis,
international finance. The course will focus on business case analysis.
23 FIN 460 Derivatives FIN320 3-0-3 Introduces derivative securities and the markets in which they trade. Explores the
regulatory framework for financial derivatives and the operations of derivatives
exchanges. Investigates the characteristics of futures and option contracts and their
associated trading strategies to achieve risk-return objectives. Discusses arbitrage
principles and pricing of derivative securities.
24 FIN 470 Financial FIN320 3-0-3 Covers the pricing/valuation of derivative securities including futures, options and/or
Engineering fixed-income and interest-rate derivatives. Presents the classic pricing theory based on
stochastic process. Also, examines dynamic hedging and synthetic options based classic
Greek Letters and numerical methods. In addition, it conducts empirical tests for
 financial asset return process as well as market anomaly. Besides that, it discusses the
market microstructure, limits to arbitrage and trading algorithm that affect derivative
pricing. Introduces special topics if there is a breakthrough in financial engineering
research.
25 FIN 477 Senior Project 1 Senior 0-1-0 This is the first of two courses for the multidisciplinary, capstone project.
standing Multidisciplinary teams will be formed, projects will be defined, and project
management discussed.
26 FIN 478 Senior Project 2 Senior 0-6-3 Execution and presentation of what have been formed and planned in FIN 477.
standing
27 FIN 495 Special Topics in FIN315 3-0-3 Focuses on advanced, contemporary, and specialized areas in Finance not covered
Finance extensively in other courses.