Accounting and Finance

Finance in Global Business

Module code: N1618
Level 6
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Coursework, Computer based exam

This module provides an introduction to financial markets, instruments and concepts and is designed for students with no previous knowledge of finance. At the beginning, the module focuses on the fundamentals of finance that are needed in decision-making such as time value of money, cost of capital, interest rates, returns and capital budgeting. The module will then discuss issues arising in multinational financial management such as international monetary system, exchange rate regimes and different tax and legal complexities. Further topics include: measuring financial risks arising from operating internationally such as the currency exchange risk, and the relevant ways and techniques companies can adapt to manage such risks.

Module learning outcomes

• Develop an in-depth understanding of the core principles of finance, and the most common financial institutions, products and markets.
• Discuss appropriate concepts in finance that may be of wider use in a decision-making context.
• Systematic presentation and understanding of available financial instruments for multinational corporations (MNCs), particularly foreign exchange instruments, and critically evaluate the issues in international financial management and decision-making.
• Examine the various risks and complexities related to foreign investments (such as foreign exchange risk and country risk); and evaluate the methods used by international companies to manage these risks.