The purpose of this course is to provide an understanding of corporate governance, i.e. how different corporate structures can lead to a better alignment of managers’ interests with those of shareholders. The course looks at principle-agency problems in the firm, valuation methods, and basic evaluation techniques as well as looking at the specific types of corporate restructuring and their implications for the governance of companies operating in industrialised as well as developing countries.
Finance in International Markets
The text materials and cases of this course focus on monetary policies, the international monetary system, capital markets, financial institutions, short- and long-term financing. This in-depth knowledge of finance in the broad sense will equip you with the essential knowledge and insights needed to operate in international markets.
Financial Accounting & Reporting
This course provides an in-depth treatment of various advanced financial reporting methods that play a major role in the financial reporting of multi-national companies. It covers both measurement and disclosure issues. Topics that will be discussed in detail include provisions and contingent liabilities, financial instruments, impairment, business combinations, and consolidation of (foreign) subsidiaries. Although a substantial part of the course will focus on the practical application of International Financial Reporting Standards (IFRS), the rationale behind the standards will also be discussed using insights from academic literature.
Strategic Management Accounting
The course equips you with the knowledge of how business strategy can be incorporated into Management Accounting to enhance a firm’s competitive position. Besides critical analysis of concepts of cost, cost structure and cost behaviour, the course also discusses the importance of, and approach to, costing competitors in order to determine relative competitive position. It examines problems of performance evaluation from financial and non-financial viewpoints, including activity-based costing, total quality management and cost of quality as a competitive weapon. Issues relating to the provision of relevant accounting information to management will be analysed, including the balanced scorecard and activity-based costing. Configured in a way which shows how such information can be used for strategy formulation.