Academic Area: Accounting / Finance

Transcription

1 Academic Area: Accounting / Finance CISaustralia is a leading provider of overseas study, intern, and volunteer programs for Australian university students. We pride ourselves in providing personally and academically engaging programs in each of our carefully chosen overseas locations. CISaustralia is committed to working closely with partner universities in Australia and providing students with academic credit towards their degree for any overseas study, volunteer or intern experience. In 2014, over 97% of CISaustralia participants received academic credit from their Australian university for their CISaustralia study, volunteer or intern program. Please find the following subjects and associated programs related to Accounting / Finance: (Please note: For exact program dates and subject offerings for programs with multiple sessions, please visit the specific program web pages.) July in London Financial Markets and Institutions- BEQM509 4 US semester credits/ 7.5 ECTS Description (Session 1) This course introduces students to the financial system and provides a general overview of the functions and workings of financial markets, and products in general but with special emphasis on the UK financial system. Through a combination of lecture, seminar, in class activities and group work, students will analyse the operations of financial institutions, compare and contrast the essential characteristics of financial products, identify the causes and impacts of financial crisis in different economies, and develop and understanding of the role of government, central bank policies and the impact of regulation on the financial system and economy as a whole. Cross-listed to Sport Management (Sport and Health Sciences) July in Prague Models of Economic Transformation of Post Socialist Countries-IP_346 3 US Semester credits/ about 7.5 ECTS

2 Description (Blocks 3 and 4) The course consists of analyzing the processes of economic transition in general, as well as in particular historical instances. Emphasis is laid on the central European experience, but is not exclusive to this region. As a prerequisite for analyzing the dynamics of transition, it deals with the workings of non-market economic systems, especially the centrally planned state-managed economies. Topics also include each system's ideological foundations, institutional structure and economic decisionmaking mechanisms. Each of the competing approaches to transitions is dealt with separately. Theoretical conclusions are supplemented by empirical evidence in the form of case studies. Students will explore the concepts of privatization, why institutions matter and how to change them, labor market and social policy, the theory and classification of economic systems as well as the true reality of socialist countries and why economic transformation was required. July in Barcelona International Business 3 US semester credits/ about 7.5 ECTS Description: (Session 2) In today's increasingly interconnected world, almost all business is international business. This course will provide you with an overview of the economic, political, cultural and legal issues, advantages and disadvantages that businesses face as globalization becomes increasingly entrenched in our daily lives. During the course you will explore various topics and seek to answer a series of questions, such as: What factors make studying International Business unique to studying regular Business? Why does understanding international business mean so much more than just speaking another language? How are Marketing and Management affected when we talk about international business? What developments of the last few decades have propelled business to become international? International Marketing 3 US semester credits/ about 7.5 ECTS Description: (Session 2) If you are interested in learning about international marketing from a European perspective, this course will show you how the marketing mix crosses national boundaries and different strategies are essential for communication. The course will take students step by step through different stages of a businesses marketing plan from establishing manufacturing facilities overseas and coordinating marketing strategies around the globe. Looking at the understanding of cultural differences, valued Spanish brands, brand management, promotion strategies, globalization and the current global economic crisis and the effects that have been seen in Spain and Europe, students will learn the fundamental concepts of international marketing and its associated challenges

3 July in Chiang Mai International Finance 3 US semester credits (45 contact hours and the same again for independent study) Description: International Finance is one of the quickest growing areas of the finance and economics curricula. Today s financial marketplace is truly global already. No students of economics or finance can fully understand current development without some background in international finance. This course offers a comprehensive overview of international finance, in which students will build a basic understanding of the balance of payments, the benefits of international investing, and the factors that affect exchange rate and why firms choose to raise capital overseas. We will also explore international parity conditions, which link the prices of goods, interest rates, spot rates and forward rates throughout the world. July in Peru Business in Peru and Latin America 3 US Semester Credits Description: The objective of this course is to introduce the student to the Peruvian Economy, the political and economic forcers shaping business activities, and the national challenges ahead to obtain social progress. The course also looks at how these factors influence Latin America as a whole and the influence other Latin American countries has on Peru. Finally, the course looks at recent successful Peruvian marketing strategies. July in Los Angeles, CA, USA Mathematics of Finance for Mathematics and Economics Students - Math174E 4 US Credits Description: Students will focus on modeling, mathematics, and computation for financial securities. Course topics will include the price of risk and random walk models for stocks and interest rates. We will explore the no-arbitrage theory for pricing derivative securities; Black/Scholes theory. European and American options studied while touching on Monte Carlo, trees, and finite difference methods.

4 Principles of Economics - Econ1 4 US Credits Description: This class consists of lecture and discussion at length to introduce the key principles of economic analysis, economic institutions, and issues of economic policy. Strong emphasis is placed on the allocation of resources and distribution of income through pricing system. Statistics for Economists - Econ41 Description: Students will be presented with an Introduction to probability and statistics for economists, with emphasis on rigorous arguments. Introduction for Econometrics - Econ103 Description: This course offers an introduction to theory and practice of econometrics, with a goal to make students effective consumers and producers of empirical research in economics. Emphasis is placed on intuitive understanding rather than on rigorous arguments; concepts illustrated with applications in economics. Investments - Econ106V Description: Enrollment priority is first served to Business Economics disciplines. This course provides an introduction to principles investment and portfolio theory. Topics include optimal portfolio construction, fixed income analysis, option pricing theory, and active portfolio management. Money and Banking - Econ160 Description: Focus for this course lies on the principles of money and banking in the U.S., also addressing legal and institutional frameworks, the money supply process, instruments, effects, and the practice of monetary policy as well. Principles of Accounting - MGMT 1A Description: Introduction to financial accounting principles, including preparation and analysis of financial transactions and financial statements. Valuation and recording of

5 asset-related transactions, including cash, receivables, marketable securities, inventories, and long-lived assets. Intermediate Financial Accounting - MGMT 120A 5 US credits Description: Intermediate-level course in the theory and practice of financial accounting. Underlying concepts of asset valuation and income measurement are explored, along with measurement and reporting of current and long-term assets, including cash and marketable securities, inventories, plant assets and depreciation, and intangibles. Management Accounting - MGMT 122 Description: This course focuses on the nature, objectives, and procedures of cost accounting and control; job costing and process costing; accounting for manufacturing overhead; cost budgeting; cost reports; joint-product costing; distribution cost; standard costs; differential cost analysis; profit-volume relationships and break-even analysis. Financial Statement Analysis - MGMT 126 Description: A comprehensive study of concepts and procedures used to interpret and analyze balance sheets, income statements, and statements of cash flow. Covered will be, calculation and interpretation of financial ratios and credit analysis. Valuation theory using both discounted cash flows and residual income model also included. Tax Principles and Policy - MGMT 127A Description: Study of fundamental income tax problems encountered by individuals and other entities in analyzing business, investment, employment, and personal decisions. Special emphasis on role of tax rules in capital transactions and decision-making. July in Boston, MA, USA Accounting I - MET MG 101 Description (Session 1): Basic principles of financial accounting underlying transaction analysis and the preparation of financial statements.

6 Financial and Managerial Accounting - MET AD 630 Description (Session 1): Introduction to the concepts, methods, and problems of financial and managerial accounting. Includes data accumulation, accounting principles, financial statement analysis, measurement and disclosure issues, cost analysis, budgeting and control, production costs, and standard costs. Financial Accounting - SMG AC 221 Description (Sessions 1 and 2): Prereq: (SMG SM 121/122 or SMG SM 131 or SMG SM 299) and (CAS MA 120 or CAS MA 121 or CAS MA 123) or equivalent. Sophomore standing. Sophomore requirement. Basic concepts underlying financial statements and accounting procedures used in preparing statements of financial position, income statements, and statements of cash flow. Stresses the interpretation, analysis, and evaluation of published financial statements. Managerial Accounting - SMG AC 222 Description (Sessions 1 and 2): Prereq: (SMG AC 221). SMG SM 221 (previous or concurrent) highly recommended or equivalent. Sophomore standing. Sophomore requirement. Introduces the basic principles, methods, and challenges of modern managerial accounting. Covers traditional topics such as job-order costing, cost-volumeprofit analysis, budgeting and variance analysis, profitability analysis, relevant costs for decision making, and cost-plus pricing, as well as emerging topics such as Activity-Based Cost (ABC) accounting. The material is examined from the perspective of students preparing to use management accounting information as managers, to support decision making (such as pricing, product mix, sourcing, and technology decisions) and short- and long-term planning, and to measure, evaluate, and reward performance. Emphasizes the relationships between accounting techniques and other organizational activities (such as strategy and motivation). Intermediate Accounting I - SMG AC 347 Description (Session 2): Prereq: (SMG AC 222) or equivalent. Required for Accounting concentrators. Provides foundation for solving financial reporting issues through the study of the conceptual framework of accounting, recognition and measurement of current and non-current assets, revenue recognition, and the development of the income statement and balance sheet. *Permission may be required from faculty

7 Advanced Accounting - SMG AC 541 Description (Session 1): Prereq: (SMG AC 348) previous or concurrent or equivalent. Senior standing. Examines accounting issues relating to business combinations and foreign operations (accounting for mergers and acquisitions, constructing consolidated financial statements, recording foreign-currency transactions and hedging exchange risk, translating foreign subsidiaries' local-currency financial statements), business segments, reporting for local governments, and the impact of the SEC and international standards on financial reporting. *Permission may be required from faculty Auditing - SMG AC 565 Description (Session 1): Coreq: (SMG AC 348) or equivalent. Introduces the basic concepts underlying auditing and assurance services (including materiality, audit risk, and evidence) and demonstrates how to apply these concepts to audit and assurance services through financial statement audits. *Permission may be required from faculty Pension Mathematics and Mortality Tables - MET AT 782 Description (Session 1): Prereq: (MET MA 581 or CAS MA 581) and MET AT 721 or equivalent. Covers pension actuarial funding methods and the use of life contingencies. Included are analyses of the funding methods allowable under ERISA, their computation, and uses. Also reviews the use of mortality tables and discusses the various actuarial functions that are used in pension actuarial calculations. Finally, reviews implications for pension funding under the IRS. SAS with Statistical Applications - MET MA 603 Description (Session 2): Prereq: MET or CAS MA 214 or equivalent. Offers a unified and in-depth coverage of the statistical computer package SAS and its statistical applications. Topics include the language of SAS, data formatting, creating and storing SAS data sets, file manipulations, macro procedure, and graphics. Also included are procedures for statistical techniques selected from analysis of variance, regression, factor analysis, scoring, and categorical data analysis. Several large data sets are used as case studies emphasizing hands-on experience with SAS for Windows. Laboratory course. Personal Financial Planning - MET MG 202

8 Description (Session 1): The development of personal investment strategies using money and credit. Securities and portfolio management, budgeting, insurance, taxes, retirement programs, and estate planning. Financial Concepts - MET MG 472 Description (Session 1): Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Introduction to tools of financial analysis and the problems of financial management including cash, profitability, and capital budgeting. Various sources of corporate funds are considered, including short-, intermediate-, and long-term arrangements. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting. Financial Concepts - MET AD 632 Description (Session 1): Introduction to the concepts, methods, and problems of accounting and financial analysis. Includes accounting principles, measurement and disclosure issues, financial statement analysis, time value of money, cash flow projection and analysis, capital budgeting and project evaluation, bond and equity valuation, cost of capital, and capital structure. Case Studies in Current Corporate Financial Topics - MET AD 709 Description (Session 2): Prereq: (MET AD 731) or equivalent. Finance forecasting and planning; capital budgeting, cost of capital, dividend policy, rate of return, and financial aspects of growth. Readings and extensive use of case studies. Financial Markets and Institutions - MET AD 712 Description (Session 2): Prereq: (MET AD 731) or equivalent. Investigation and analysis of organization, structure, and performance of U.S. money and capital markets and institutions. Examines regulation of the financial industry and the role of financial instruments. Investment Analysis and Portfolio Management - MET AD 717 Description (Session 1): Prereq: (MET AD 731) or equivalent. Mechanics of securities markets, types of available investments, an introduction to determination of securities

9 values, and portfolio optimization. Problems of investment policy are approached through studies of portfolio selection methods and the valuation of special classes of securities (e.g., growth stocks). Corporate Finance - MET AD 731 Description (Session 2): Prereq: (MET AD 630) or equivalent. Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting. Finance for Non-Management Students - SMG SM 104 Description (Sessions 1 and 2): Read, understand, and analyze financial statements such as income statements and balance sheets. Covers techniques of internal financial analysis such as breakeven, budgeting, financial forecasting, and tools to aid in decision making. Introduction to the time value of money and capital budgeting using discounted cash flow analysis. Intended for non-business majors. This course may not be taken by SMG students for credit nor can it be used by Boston University students toward the Business Administration minor. Non-SMG students may register for this course directly via the Student Link. Introduction to Finance - SMG FE 101 2US Credits Description (Session 1): Required of all SMG freshmen. Pre-req or co-req: SMG SM 131. Offers a rigorous overview of principles of finance such as time value of money, interest rates, basic valuation of cash flow streams, and basic stock and bond valuation. Uses a combination of teaching materials including online problem solving and case writing that help the student through the intensive syllabus. FE 101 and the redesigned FE 323 offer a comprehensive overview of finance to SMG students. Money, Financial Markets, and Economic Activity - SMG FE 442 Description (Session 1): Prereq: (SMG FE 323) or equivalent. Required for Finance concentrators. The financial system and its functions. The role of money and the importance of interest rates in determining economic activity; determinants of level of interest rates. Operation of central banks; the goals and instruments of monetary policy. The roles, activities, and risk management of financial institutions. Instruments traded in money and capital markets and their valuation. Role of derivative securities; systemic

10 risk and other contemporary issues in the financial system. *Permission may be required from faculty Investment Analysis and Portfolio Management - SMG FE 445 Description (Session 1): Prereq: (SMG FE 323) or equivalent. Required for Finance concentrators. Introduction to the investment management process. Defining investment objectives and constraints. Introduction to Modern Portfolio Theory, CAPM, APT, Efficient Markets, and stock and bond valuation models. Immunizing interest-rate risk. Active vs. passive investment strategies, fundamental vs. technical analysis, trading practices, and performance evaluation. Introduction to the role of futures and options in hedging and speculation. Students are expected to become familiar with current events in the financial news. *Permission may be required from faculty Corporate Financial Management - SMG FE 449 Description (Session 2): Prereq: (SMG FE 323) or equivalent. Required for Finance concentrators. Covers the FINANCIAL manager's role in obtaining and allocating funds. Includes topics such as cash budgeting, working capital analysis, dividend policy, capital INVESTMENT analysis, and debt policy as well as their associated risks. Valuation of companies, mergers and acquisitions, and bankruptcy are covered. The course requires using financial models and spreadsheets. Applications are made to current events and everyday business finance problems. *Permission may be required from faculty Real Estate Finance - SMG FE 469 Description (Session 1): Prereq: (SMG FE 323) or equivalent. Provides an introduction to and an understanding of real estate finance. Draws together and considers major functional areas including structuring, ownership, finance, taxation, property valuation and analysis. The course provides a framework for decision making in the real estate investment and finance fields. The course is specifically designed to offer students interested in real estate careers a foundation upon which to build. *Permission may be required from faculty July in Chicago, IL, USA Introductory Accounting I: ACCT 201 M W 1:00-4:00pm 3 Credits

11 Prerequisite: Sophomore standing (or equivalent). This course emphasizes the development and reporting of accounting information for use by investors, creditors and others. The student is required to develop skills in the preparation and use of accounting information, must demonstrate an understanding of the accounting process, and be able to evaluate the impact of estimates, alternative accounting principles, and the limitations of the accounting model on accounting information. Topics include preparation and use of financial statements, the accounting process, and the measurement and reporting of income, assets, liabilities and owners' equity. Business Finance: FINC 332 T Th 6:00-9:15pm 3 Credits Prerequisites: Junior standing, ACCT 201, ECON 201 and ISOM 241 (or equivalent). Principles underlying the financial management of a business; time value of money, securities valuation, capital budgeting, cost of capital, sources of funds, capital structure policy, cash management and dividend policy. Introduction to Options: FINC 346 T Th 6:00-9:15pm 3 Credits Prerequisites: Junior standing; Minimum grade of "C-" in FINC 335 (or equivalent). This class offers a comprehensive introduction to options, including a detailed examination of option markets, option properties, trading strategies using options, binomial tree and Black-Scholes valuation models, and hedging strategies using options. Students will be able to demonstrate an understanding of option markets, option pricing models and how options can be used to hedge risks. Volunteer Abroad Programs: CISaustralia offer a wide range of Volunteer Abroad programs over 20 in total with broad project focuses, including community development, environmental conservation, wildlife, education, and health. The following are some programs that may complement Accounting / Finance students' studies: India: Community Development in Goa Philippines: Community Development in Tacloban City View all Volunteer Abroad programs

12 Intern Abroad Programs: CISaustralia offer a range of locations 8 in total for professional, customised internship programs that provide a comprehensive range of services and inclusions. Please enquire about an internship placement in Accounting / Finance in one of our Intern Abroad program locations. View all Intern Abroad programs Additional Academic Areas: For short course offerings in other academic areas, please visit: Enquire: Submit an enquiry info@cisaustralia.com.au