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Frequently Asked Questions

Course and Registration

  1. Why can't I get into Finance 221?
  2. Why can't I get into Finance 300?
  3. What Accy courses do you recommend for Finance majors?
  4. Does the Department of Finance enforce prerequisites?
  5. Can I minor in Business?
  6. I’ve completed my Finance requirements. Should I take additional Finance courses as Credit/No Credit?
  7. I want to get into Fin 232 or Fin 230, but the course was closed. What can I do?
  8. I am not a Finance major, but I want to take some Finance courses. What can I do?
  9. I am trying to get a dual degree in Finance and Accountancy, but I am currently registered as an Accounting major. What can I do to add Finance courses?


Answers

     
  1. Why can't I get into Finance 221?
    • Fin 221 is currently restricted to the following majors: all BUS, LAS Finance, LAS Economics, LAS Actuarial Science, and ACES (Ag Finance, Ag Accounting, or Consumer Economics).
      • Declared BUS minors are authorized for registration; see the BUS minor advisor in 1055 BIF if you have questions.
      • Any remaining spaces will open to other curricula at approximately noon after freshman registration. We usually have plenty of space in the course, but declared BUS minors have precedence over undeclared minors and students in ancillary curricula.
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  3. Why can't I get into Finance 300?
    • It's probably the course controls. There are several groups affected:
      • LAS and BUS Finance majors (you must be coded as a major in Banner): If you're in this group, you MUST have the course to graduate. We will do our utmost to get you in, subject of course to fire regulations. See Tim Flanagin in 330E WH or email finance@illinois.edu.
      • MAS students (you must be coded as an MAS 4th or 5th year in Banner): Students in this group must also have the course to complete their degree. We will do our utmost to get you in, subject of course to fire regulations. See Tim Flanagin in 330E WH or email finance@illinois.edu
      • Non-Finance BUS majors: Our own majors (who must have it to graduate) are a higher priority. We have to let them in ahead of you. We will release seats on the date stated in the timetable copy.
      • Others: Finance 300 is restricted to those students who must have the course to graduate. If you're not on a limited list of majors who must have the course to graduate, I'm afraid you're out of luck. We can't keep up with the demand for this course. The bottom line is that the number of majors in Finance has expanded much faster than we've been able to hire faculty.
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  5. What Accy courses do you recommend for Finance majors?
    • The Department of Finance recommends that Finance majors in both LAS and BUS take 15 or more hours of Accountancy; this, combined with the strong Finance background achieved by our majors, is attractive to many employers. Required courses for Finance majors remain Accy 201 and 202.
      • The Accountancy Department usually sets aside some seats for a restricted set of majors (including LAS Finance and BUS Finance) starting with the first day of registration.
      • For those interested in financial reporting, we suggest Accy 301 as the next course of choice; should you wish to take additional courses beyond Accy 301, we would recommend Accy 303.
      • For those interested in managerial control and decision making, we would recommend Accy 301 and Accy 302, followed by Accy 304, followed by Accy 312. The Accountancy Department recommends that Accy 301 and 302 be taken concurrently. Further information is available at http://www.business.uiuc.edu/accountancy/
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  7. Does the Department of Finance enforce prerequisites?
    • YES, WE ENFORCE PREREQUISITES:
      • For FIN 221, you must have credit or concurrent registration in Accy 202 and Econ 203. Those working on the Business minor must have Accy 200 completed before registering in Fin 221.
      • For FIN 300, you must have completed FIN 221. Note that there is an exam of prerequisite material on the evening of day 7 of the semester.
      • For FIN 311, 321, 412, 422, 423, 451, and 461 you must have completed FIN 300.


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  9. Can I minor in Business?
    • The Business minor is designed for non College of Business students who wish to acquire some of the skills, perspective, and knowledge used in business. Comprised of 6 courses and 2 prerequisites, the new business minor will expose students to Microeconomics, Statistics, Accounting, Marketing, Organizational Behavior, and Corporate Finance. Declared minors have precedence over undeclared minors for registration in Fin 221. See http://www.business.uiuc.edu/undrgrad/Current/Minor.htm
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  11. I’ve completed my Finance requirements. Should I take additional Finance courses as Credit/No Credit?
    • Professor France’s advice is: “taking a course in your major Credit/No Credit is not a good idea. First of all, being a rational being with competing demands on your time, you will find yourself sloughing off the course, even if you start out with the best of intentions. Second, when I read a transcript, I assume that any course taken pass/fail translates to a bare C, for the reasons given above, and that therefore the student really won't have learned the material. I would be willing to bet that many recruiters think the same way I do.”
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  13. I want to get into Fin 232 or Fin 230, but the course was closed. What can I do?
    • These courses are among our most popular ones, and often close early. If you are a business senior, attend class the first day and be sure to sign in. If you are not a business senior, your chances of being able to add the course are extremely low.
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  15. I am not a Finance major, but I want to take some Finance courses. What can I do?
    • Some Finance courses will have space left when they open to more general registration, some will not. Check the dates and restrictions at see above.
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  17. I am trying to get a dual degree in Finance and Accountancy, but I am currently registered as an Accounting major. What can I do to add Finance courses?
    • We need to be sure all our majors get a first degree, so they will get first priority. In most Finance courses, registration is restricted to BUS majors after this initial period, so if we have space available, you should be able to get in then.
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