International business and accounting

Stage 1, compulsory (all pathways)

The course examines international strategy, international marketing, international finance, international human resource management, international supply chains (production/operations/logistics) and international sustainability management.

The course provides the necessary knowledge and theoretical concepts for understanding international business and analysing and devising international strategies for multinational enterprises. Students will examine the principles of financial decision making, with an emphasis on developing skills for analysing financial accounting information.

Topics covered

International Business:

  • Globalisation
  • Foreign Direct Investment (FDI)
  • Trade flows and international trade theory
  • Political environments
  • Cultural environments
  • International monetary system
  • Mergers and acquisitions
  • Multinational enterprises
  • Multinational strategy
  • Multinational organisation

Accounting:

  • Introduction to statement of financial position
  • Measuring and reporting financial position
  • Introduction to income statement
  • Measuring and reporting financial performance
  • Income statement – inventories and receivables
  • Statement of financial position and income statement
  • Accounting for limited companies
  • Statement of cash flows
  • Analysing and interpreting financial statements
  • Making capital investment decisions

Learning outcomes

  • Discuss the changing historical context in which international business operates: globalisation, trade and FDI
  • Assess the political, legal, cultural, linguistic and sustainable environment in which international business expands and operates
  • Explain and review what motivates companies to engage in international business and how they internationalise
  • Examine and analyse financial accounting information for decision making
  • Apply the basic procedures and techniques for the preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
  • Identify and use appropriate academic, corporate and other materials to engage with and interpret key business and management questions

Assessment

  • Written report [2000 words] (40%)
  • Three-hour written examination (60%)