International Finance & Accounting
Minor International Finance and Accounting is designed to prepare students for the requirements of the financial and other positions in companies and organizations, according to the latest developments in the business practice. The scandals early this millennium and the financial crisis, forced the financial regulatory institutions to impose stricter rules and regulations on many industries, i.e. financial industry Also companies to improve internal and external reporting as well as control and risk procedures in order to prevent another financial crisis. Practitioners, as well as suppliers of high quality education, like Instead, have indicated that companies experience a lack of in-depth finance and accounting knowledge and ability to apply related innovative trends with qualified business students. Next to this professional problem the minor will also focus on the international component as most of businesses are nowadays in one or the other way exposed to the effects of internationalization, globalization and a need to become sustainable. In order to deal with these identified professional problems the minor International Finance and Accounting will equip students with in-depth knowledge on topics like international corporate finance, valuation and corporate governance, international auditing and accounting, advanced management accounting, management control and sustainable finance & accounting and valuation. Further, in the real-life projects, this minor will allow the exploration of innovative business and finance trends and application of knowledge acquired in knowledge modules, and in this way prepare the students for the world of practice.
- Comprehensively evaluate financial performance of the company and its responsibility centers from different stakeholders’ perspective, applying advanced tools of financial analysis.
- Evaluate existing management control systems, including performance measurement, incentive and management compensation systems from the perspective of their ability to support the implementation of company’s strategy and achievement of goals.
- Apply and evaluate the effects of the accounting systems differences on the process of company valuation.
- Apply and analyze concepts and models of traditional corporate finance and alternative finance to make a contribution to strategic financing decisions
- Explore the risks involved in using alternative financing for SME’s
- Illustrate how the auditing process contributes to a fair view of the financial statements and to fraud protection
- Create (design and produce) a report providing recommendations for dealing with finance and accounting challenges in the real life cases (company or organizations), by conducting comprehensive, business, strategic, accounting and financial analysis and evaluation.
- Ability to identify the difference between traditional, circular and sustainable business models and the ability to identify accounting issues in new business models.
- Ability to make clear what sustainable F&A means from a management point of view.
- Explain the management of acquiring and analysing relevant information in order to support value creating decisions
- Differentiate, analyze and evaluate performance measurement and management control alternatives (results, action, personnel and cultural controls).
- Illustrate and argue how the management control system contributes to a fair view of the financial statements and to fraud protection
- Explain and apply contingency approach of internal control
- Critically reflect on the process of working in the group and creating a report for the innovative project and come up with the ways for its improvement.
Prerequisites: Students of the University of Applied Sciences Rotterdam, as well as from other universities of applied sciences and exchange students are eligible for this minor. In general terms students must comply with the IBMS criteria for admission to the minor programme. As outlined in the Rotterdam University Handbook (2018-2019) on HINT, in order to be eligible for access to a minor program (IBMS) students must earn 168 credits. These credits are broken down as follows: - (First year study programme completion (60 credits)); - Second year study programme completion (60 credits); - Placement completion (30 credits); - At least 18 credits earned during the semester. It is ideal if the students have completed the basic courses in Finance and accounting in their previous education and have basic understanding of financial statements and main items. However, it is also possible to conduct self - study to gain needed knowledge prior to the start of the Minor, using literature advised by the lecturers. During the Minor especially in the first weeks in the interactive lectures the level of knowledge of students is assessed, some basic concepts refreshed in order to bring all the students at the same start level to enable optimal dynamics in the class. Modules regarding research methods and project management are useful for successfully completing the projects.
Corporate Finance and International Risk Management (5)
Written Exam (WR)
Sustainable Finance & Accounting and Management (5)
Finance & Accounting and Management Project 1 (5)
Auditing, Corporate Governance & International Auditing (5)
Written Exam (WR)
Management Accounting and Management Control (5)
Written Exam (WR)
Auditing & International Accounting Project 2 (5)