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Finance 206

Finance 206. Assessment Plan 2010 - 2011. Finance 206. Objective Finance 206 is only offered by two year institutions in the NMSU system.

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Finance 206

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  1. Finance 206 Assessment Plan 2010 - 2011

  2. Finance 206 • Objective • Finance 206 is only offered by two year institutions in the NMSU system. • Transfers to NMSU as the equivalent of Finance 341. Students must take another 300 level course to fulfill the requirement of the minimum number of 300 level courses. • Transfers to other four year institutions in New Mexico as the finance requirement or a as free elective. • Allows DACC pre business majors to transfer more credits toward a BBA. • Established prerequisites are essentially the same. Math 120, Econ 251/252, Acct 251/252, A ST 251 or Stat 251.

  3. Finance 206 • Articulation • Approved in the state articulation agreement as fulfilling the requirement for FIN 341 at NMSU. • Numbering system as stated in the New Mexico Business Articulation and Transfer Matrix as BFIN 2113. • Currently accepted at UNM and ENMU as a free elective in transfer. • We are working to change the status of transfer to the above mentioned institutions.

  4. Finance 206 • Alignment • Met with the Associate Dean of the College of Business and Finance Department at NMSU to discuss their concerns of transferring a 200 level class as a 300 level class. • Some reluctance on their part to continue to accept our class. Their desire was to allow FIN 206 as a free elective. • Through clever negotiation on our part we were able to preserve the status quo. • The current agreement is tenuous at best at the current time, given low College of Business enrollment.

  5. Finance 206 • There are three concerns of the College of Business: academic qualifications of faculty at DACC, student enrollment deficiencies, and faculty employment realignment. • Meets the requirement of NMHED as the basic finance class in a business bachelorette program.

  6. Finance 206 • Agreement • Change the student learning objectives to more closely match those of FIN 341. • Change the DACC model of personal finance to the NMSU model of corporate finance. • Change the textbook to offer a more rigorous approach to corporate finance and more closely fit the NMSU model.

  7. Finance 206 • Include more math and math related assessments to the class. • Create new assignments, assessments, and projects that more closely align to those of the NMSU finance department. • Maintain a dialogue with the College of Business and share assessments with the current department head and associate dean.

  8. Finance 206 • Assessments • Periodic assignments that will assess the students knowledge of the different areas of corporate finance. • Periodic exams designed to measure the students knowledge of current theory and practice in corporate finance. • Projects that will provide the student with a practical use of theory.

  9. Finance 206 • Design a multiple choice question that will fulfill the requirement of the department of finance to assess a particular concept each academic year. • The question shall be incorporated into a periodic exam.

  10. Finance 206 • Conclusions • Maintain a close working relationship with the department of finance at NMSU. • Continue to work with the New Mexico Collegiate Business Articulation Consortium to maintain the transferability of FIN 206 into FIN341.

  11. Finance 206 • Keep the best interests of the students ahead of all else so that the greatest number of credits will transfer to NMSU and other four year schools in the state. • Foster a permanent and productive dialogue with the Business Articulation Consortium, four year institutions in New Mexico, and in particular, a close working relationship with the College of Business at NMSU.

  12. Finance 206 • Current assessment of the Program • Return Spring 2011 to the committee to provide assessment information from Fall 2010. • Recommend changes to enhance the program. • If possible, obtain assessment information from the department of finance regarding their success in the program.

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