International Financial Management ACCFIN4015
- Academic Session: 2023-24
- School: Adam Smith Business School
- Credits: 20
- Level: Level 4 (SCQF level 10)
- Typically Offered: Semester 1
- Available to Visiting Students: Yes
This course focuses on firm financial decision making in an international context and is designed to ensure that students are able to evaluate issues and problems in the area of international financial management to a high academic level. It includes managing exchange rate risks, foreign investment and international financing and capital structure issues faced by of modern companies. A wealth of examples and cases are provided to enable students to see the implications of the subject to business, mostly from a multinational corporation's perspective. You will be encouraged and supported to undertake case studies and investigate contemporary issues relating to international financial management.
Workshop: One 2-hour workshop a week for 10 weeks.
Tutorials: 1-hour every 2 Weeks for 10 weeks.
Main Assessment In: December
Are reassessment opportunities available for all summative assessments? Not applicable
Reassessments are normally available for all courses, except those which contribute to the Honours classification. For non-Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below.
This course aims to:
■ explore the complexities of corporate financial management in an international setting and also to understand the difference between traditional financial management and international financial management.
■ enable students to link current issues discussed in class to relevant theory, providing opportunities to understand contemporary issues in the workplace.
Intended Learning Outcomes of Course
By the end of this course, students should be able to:
1) Discuss the additional complexities financial managers face as they move from a domestic to an international arena.
2) Present the central roles of finance theories in dealing with the complexities faced by financial managers in this environment.
3) Apply basic ideas of international financial management to solve firm international financial problems using appropriate techniques.
4) Critically discuss and assess international aspects of firm financial management including the operations of currency markets, capital structure, capital budgeting, cash management, international investment and policy analysis.
5) Explain and discuss various aspects of international financial management related to different financial crisis of last two decades (great recession of 2007-2009, the Eurozone crisis, COVID crisis etc.) as well as recent financial development (eg FinTech) or public policy choices that are related to international financial management.
6) Critically evaluate a range of relevant literature in the field of international financial management.
Minimum Requirement for Award of Credits