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The following is an overview of courses associated with our financial planning major. We encourage you to speak with a faculty representative during your on-campus visit for detailed information about your specific program interests.

For a complete description of courses and degree requirements, please reference our academic catalog.

Core Courses
BUS 201 Principles of Accounting I

This is the introductory course in accounting with an emphasis on financial reporting for external users of financial statements. The course includes an examination of the recording of business transactions and the measurement of business income, assets, liabilities and equities.

Fall and Spring Semesters. 3 semester hours.

BUS 202 Principles of Accounting II

This course is an introduction to management accounting and the use of decision-making tools needed by
managers in an organization. The course focuses on financial analysis, manufacturing cost flows, budgeting, and planning for long-term financing and investing activities.

Fall and Spring Semesters. 3 semester hours.
Prerequisites: C or higher in BUS 201.

BUS 212 Business Law

Business Law I provides an introduction to the law and legal system in the U.S., as well as a thorough examination of the law of contracts and sales. The course includes the study of sales, contracts, bailment and Article II of the Uniform Commercial Code. Also included is the law of negotiable instruments, secured transactions and bankruptcy.

Fall Semester. 3 semester hours.

BUS 490 Business Policy and Strategic Management

Business Policy and Strategic Management is a capstone course in solving the problems of advanced general management. The course develops the concepts and techniques of strategic management as well as providing an analytical approach in understanding and dealing with actual business world situations.

Fall and Spring Semesters. 3 semester hours.
Satisfies Senior Experience requirement.
Prerequisites: C or higher in BUS 202, 300, 309, 316, ECO 202 and senior standing.

CS 210 Advanced Computer Information Systems

Students will gain an advanced level of competency in computer hardware, operating systems, and applications software such as word processor, spreadsheet, database, HTML, and presentation programs. CS 210 is designed to progress advanced students towards completion of Microsoft Office Applications Certification (MOS). Users will become familiar with all components of the Microsoft Office Suite. CS 210 does not count toward a major or minor in computer science.

Fall and Spring Semesters. 3 semester hours.
Prerequisites: CS 110 with C or higher or equivalent.

ECO 201 Principles of Microeconomics

Microeconomics is the study of elementary supply and demand, the production function, individual firm behavior, and institutional effects of government and labor business operations.

Fall and Spring Semesters. 3 semester hours.

ECO 202 Principles of Macroeconomics

This course examines economics from the aggregate perspective. National, regional and international issues, policies and effects will be explored. Topics include inflation, GDP, unemployment, recessions, growth and development, government strategies such as fiscal and monetary policy, international trade and trading blocks.

Fall and Spring Semesters. 3 semester hours.

FP 200 Fundamentals of Financial Planning

This course provides an overview of the financial planning process, including communication techniques, ethics, risk tolerance, time-value-of-money concepts, financial planning applications, regulatory issues, and the legal and economic environment for financial planning. The student will gain an understanding of the role and responsibilities of a financial planner along with some analytical skills to aid in financial decision-making. This course will also help students prepare for the HS 300 national exam administered by the American College.

Fall Semester. 3 semester hours.

FP 323 Individual Life Insurance

This course describes how to determine an individual’s needs for economic security, the techniques to provide for those needs and life insurance company operations and regulation. Techniques to be studied will include life insurance and annuities. This course will also help students prepare for the HS 323 national examination administered by the American College.

Fall Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, IRM 221, FP 200, MTH 232 and BUS 212 recommended.

FP 324 Insurance Code – LH License

This course examines the Michigan Insurance Code as it relates to the general provision of insurance regulation and laws pertaining to life and health insurance. Topics include a review of statutes on licensing, unfair trade practices, and insurers’ authority to write business in the State of Michigan, and the Michigan Guarantee Fund. This course will also help students prepare for the State of Michigan Life and Health Insurance Agents Licensing Examination.

Fall Semester. 1 semester hour.
Prerequisites: 3.0 or higher GPA, IRM 221 and FP 323.

FP 328 Investments

Covers various aspects of the principles of investments and their application to financial planning. Discusses risk analysis and risk and return computations. Looks at stocks, bonds, investment companies, options and futures contracts. Includes an extended discussion of tax issues in investing, as well as issues in the practice of portfolio management, including strategic and tactical asset allocation. Provides many examples of ethical and practical issues in managing a client’s portfolio. This course will also help students prepare for the HS 328 national exam administered by the American College.

Fall Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200.

FP 350 Prospecting and Meeting Client Needs

This course offers an introduction to the life insurance sales career and the sales/planning process in the personal market. This course also examines industry proven methods for successfully identifying, selecting, and approaching prospects for financial products and services. The course will conclude with a simulated client presentation judged by professional financial planners. This course will also help students prepare for the FA 200 and FA 202 national exams administered by the American College.

Spring Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200, FP 323 and IRM 221.

FP 351 Health and Long-Term Care Financing

This course provides a thorough analysis of the alternatives available for senior clients to finance medical and long-term care, including private resources, government programs and private insurance. Emphasizes the need for care, the settings in which health care services are provided and the types of resources available to finance them. This course will also help students prepare for the HS 351 national exam administered by the American College.

Spring Semester. 2 semester hours.
Prerequisites: 3.0 or higher GPA and FP 200.

FP 421 Income Taxation

This course examines the federal income tax system with particular reference to the taxation of individuals. Covers such items as items of gross income, exclusions from gross income, deductions, tax credits, capital gains and losses, taxation of life insurance and annuities, income taxation of partners, partnerships, corporations, and shareholders. This course will also help students prepare for the HS 321 national exam administered by the American College.

Fall Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200.

FP 425 Employee Benefits

This course analyzes group insurance benefits including the governmental environment, contract provisions, marketing, underwriting, rate making, plan design, cost containment and alternative funding methods. Covers the various private programs related to the economic problems of death, old age and disability. Discusses cafeteria plans. This course will also help students prepare for the HS 325 national exam administered by the American College.

Spring Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200 and IRM 221.

FP 426 Planning for Retirement

This course focuses on retirement planning for the business, the business owner, and the individual. Covers qualified plans, nonqualified plans, and IRAs; the second part deals with retirement needs for individual clients. Emphasizes the practical knowledge needed for choosing the best retirement plan and designing a plan that will meet a client’s needs. Discusses personal retirement planning and retirement distribution planning. This course will also help students prepare for the HS 326 national exam administered by the American College.

Spring Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200.

FP 430 Fundamentals of Estate Planning

This course covers various aspects of estate and gift tax planning, including the nature, valuation, transfer, administration, and taxation of property. Provides a basic understanding of the estate and gift tax system, including strategies of estate planning. Discusses gratuitous transfers of property outright or with trusts, wills, and powers of appointment; use of the marital deduction; valuation of assets; and buy-sell agreements. Covers the client interview, fact-finding, ethical standards and development of personal estate plans. This course will also help students prepare for the HS 330 national exam administered by the American College.

Spring Semester. 3 semester hours.
Prerequisites: 3.0 or higher GPA, FP 200.

IDS 390 Internship (Cooperative Education)

An optional academic experience integrating classroom theory with practical work experience. Participating students are employed off-campus with businesses/organizations related to their career choice, or in an on-campus experience while completing their undergraduate course work. Students must register and pay for internship credits in the same semester as they are working. Credits cannot be deferred to a later semester.

  • Fall and Spring Semesters, Intensive Learning Term and Summer.
  • 1–15 semester hours.
  • Prerequisites: completed 30 semester hours with a 2.25 or higher cumulative GPA.
  • Students must arrange this experience with the appropriate department chairperson before registering for this course.
  • A Cooperative Education Work Experience Application must be completed prior to beginning work.
IRM 221 Principles of Insurance and Risk Management

An introduction to the concept of risk, the process of risk management, and the field of insurance, including fundamental doctrines, historical background, social value, economic influence, loss exposures and protection, insurance regulation, insurance carriers, reinsurance, marketing, underwriting and claims adjusting. This course includes examination of the Michigan Essential Insurance Act and how this law addresses the social responsibility of the insurance business and its attempt to address social injustice. This course will also help students prepare for the INS 21 national examination administered by the Insurance Institute of America.

Fall and Spring Semesters. 3 semester hours.
Prerequisites: BUS 212 recommended.

MTH 232 Statistics

Statistics and probability. Including measures of central tendency and dispersion, normal and binomial probability distributions, hypothesis testing, confidence intervals, correlation, regression and nonparametric tests. Statistical software introduction.

Fall and Spring Semesters. 4 semester hours.
Satisfies Mathematics Proficiency requirement with a grade of C or higher.
Prerequisites: MTH 109 or completion of two years of high school algebra.

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