Sophia Learning
FIN1001: Principles of Finance (3 semester
credits)
COURSE DESCRIPTION
This course is designed to introduce students to the fundamental principles of finance. Specifically, students
will learn about the operating environment of the firm, financial statements, and financial ratios. Students will
also learn about the time value of money, the characteristics of market instruments, the process of capital
budgeting, and elements of working capital management.
COURSE EFFECTIVE DATES: June 2023 - Present
PREREQUISITES: No prerequisites
LENGTH OF COURSE: This is a self-paced course. Students may use as much or as little time as needed to
complete the course.
ACE CREDIT® RECOMMENDATION: In the lower-division baccalaureate/associate degree category, 3
semester hours in Principles of Business Finance (6/23).
GRADING: This is a pass/fail course. Students must complete 15 Challenges (formative assessments) and 5
Milestones (summative assessments) with an overall score of 70% or better.
Challenges Points Possible
Challenge 1.1: Goals and Organizations of Financial Management 8
Challenge 1.2: Statements, Taxes, and Cash Flow 5
Challenge 1.3: Analyzing Financial Statements 9
Challenge 1.4: Forecasting Financial Statements 5
Challenge 2.1: Time Value of Cash Flows 7
Challenge 2.2: Bond Valuation 7
Challenge 2.3: Stock Valuation 6
Challenge 3.1: Risk and Return 7
Challenge 3.2: Market Efficiency and Returns 4
© 2023 SOPHIA Learning, LLC. SOPHIA is a registered trademark of SOPHIA Learning, LLC. Page 1
FIN1001: Principles of Finance (3 semester
credits)
COURSE DESCRIPTION
This course is designed to introduce students to the fundamental principles of finance. Specifically, students
will learn about the operating environment of the firm, financial statements, and financial ratios. Students will
also learn about the time value of money, the characteristics of market instruments, the process of capital
budgeting, and elements of working capital management.
COURSE EFFECTIVE DATES: June 2023 - Present
PREREQUISITES: No prerequisites
LENGTH OF COURSE: This is a self-paced course. Students may use as much or as little time as needed to
complete the course.
ACE CREDIT® RECOMMENDATION: In the lower-division baccalaureate/associate degree category, 3
semester hours in Principles of Business Finance (6/23).
GRADING: This is a pass/fail course. Students must complete 15 Challenges (formative assessments) and 5
Milestones (summative assessments) with an overall score of 70% or better.
Challenges Points Possible
Challenge 1.1: Goals and Organizations of Financial Management 8
Challenge 1.2: Statements, Taxes, and Cash Flow 5
Challenge 1.3: Analyzing Financial Statements 9
Challenge 1.4: Forecasting Financial Statements 5
Challenge 2.1: Time Value of Cash Flows 7
Challenge 2.2: Bond Valuation 7
Challenge 2.3: Stock Valuation 6
Challenge 3.1: Risk and Return 7
Challenge 3.2: Market Efficiency and Returns 4
© 2023 SOPHIA Learning, LLC. SOPHIA is a registered trademark of SOPHIA Learning, LLC. Page 1
