Course: International Financial Management & Accounting, Assignment credits: 5

Course code
ZTVM15FMA1C
Name
International Financial Management & Accounting, Assignment
Study year
2023-2024
ECTS credits
5
Language
English
Coordinator
M.H.J. Cox
Modes of delivery
  • Tutorial
Assessments
  • Assignment - Other assessment

Learning outcomes

International Finance & Accounting (FMA) in the MIBM Programme 

Key features (status as per academic year 2021-2022): 

  1. Boardroom simulation game; 

  1. Based on real life business cases; 

  1. All business cases are certified B-Corporations; 

  1. Strong link with SDG’s (main SDG’s: 4, 8, 9, 12, 13 16, 17), sustainability, ESG aspects; 

  1. Multicultural groups in the simulation game; 

  1. Plus an individual report on Finance and/or Accounting, also with a clear link to SDG’s (see 4. above), sustainability or ESG aspects. 

Other aspects: 

  1. Many aspects of the MBA Capstone(s) have been included, e.g. sustainability and governance aspects. See below: * 

  1. The main learning experience is the Boardroom Setting.  

  1. Teaching strategy is learning by doing (playing the Simulation Game in class). 

  1. The real world is included by discussing real business cases (certified B-Corporations).  

  1. When Covid allows again, company visit(s) are included.  

Content

The course provides students at graduate levels with knowledge, skills and insights in contemporary topics and issues regarding corporate finance, financial controlling systems, ethical accounting and finance and financial management. Not only principles and theories are the studying issues, but integration of these issues is offered with vocational business disciplines in a global setting.  

Following items are of particular interest: 

  • Responsibility Centers: revenue and expense centers  
  • Profit Centers, Conditions for Delegating Profit Responsibility, Business Units as Profit Centers 
  • Transfer Pricing, Constraints on Sourcing, Upstream Fixed Costs and Profits 
  • Measuring and Controlling Assets Employed, Structure of the Analysis, EVA vs. ROI, Additional Considerations in Evaluating Managers, Managing risks  
  • Evaluating the Economic Performance of the Entity 
  • New economic realities and emerging trends in the financial sector 
  • Decentralization and outsourcing, profitability vs. corporate social responsibility   

The course focus on the role of the manager:  

  • to assess and monitor the (global) organization  
  • act as a successful financial consultant   
  • link cultural differences with strategic decisions  
  • promote a holistic vision that aside profitability considerers environmental and social impact of an organization 

Included in programme(s)

School(s)

  • International Business School
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