Macro/Micro Principles 3
Intermediate principles of economic theory. In the microeconomics part, cost-benefit analysis, game theory and strategic behaviour in imperfect competition. In the macro part, the topics will include assessment of country's debts and deficits, money creation, high-powered money multiplier and rules versus discretion in monetary policy.
International Business and Global Change
The unit provides a critical examination of the processes of globalization and the growing complexity of international business activity, which are transforming the world economy. The main topic areas include an examination of the changing nature and distribution of economic activity, an examination of the meaning of globalisation, an evaluation of the key processes and drivers of globalisation, theories of multinational corporations, the nature of international business environments, methods of servicing overseas markets, production strategies and labour resources.
This unit will address issues in both international trade theory and commercial policy. Part 1. International Trade Theory: 1. The Classical Model of the Basis of Commodity Trade 2. The Heckscher-Ohlin Model of Commodity Trade 3. The Gains from Trade and the Distribution of Income 4. Alternative Theories of Comparative Advantage 5. International Factor Movements - Direct Foreign Investment 6. International Factor Movements - Labour Migration: Part 2. The Theory of Commercial Policy: 7. General Arguments for Tariffs and Optimal Tariffs 8. The theory of the Second Best 9. Non-tariff Barriers to Trade 10. Theory of Customs Union and Free Trade Areas 11. Strategic Trade policy 12. Regulating International Trade: GATT to WTO.
This unit will develop the understanding of conceptual frameworks and accounting theories and their application in the current business environment. It will develop your knowledge of accounting standards, group reporting and corporate analysis in complex environments. You will develop and appreciation of the common ethical, professional judgement and governance scenarios in which a professional accountant operates.
Corporate Finance and Tax 2
This unit builds upon the introductory financial management concepts in "Corporate Finance & Tax 1". The course covers advanced Investment Appraisal, cost of capital and business valuations using commercial examples. New topics introduced include risk management, focusing on the use of financial instruments to manage exchange rate index; commodity and interest rate risk and option pricing using the BSM model and the use of real options. The tax aspect of this unit develops previous knowledge gained to look at the tax consequences of real-world scenarios for both individuals, businesses and corporations and the mitigation of tax liabilities through tax planning.
Current Issues in Management Accounting
Building upon the Management Accounting and Internal Systems unit at Level 5, you will develop a strategic insight into management accounting and performance management. Your studies will cover topics such as: The elements of Management Accounting, competitive strategies and how they influence management accounting practices, traditional and modern performance management techniques, transfer pricing, reward systems and behavioural aspects of management accounting, ethical issues in management accounting, quality management (including practices of continuous improvement) and how they impact management accounting and contemporary issues in management accounting.
Business Environment and Operations
This unit provides you with a holistic view of management across the organisation in particular the role of the management accountant. The unit builds on important concepts from management account studies and ethics, and includes strategic options, skills and issues the accountant would be exposed to in an organisational environment. Your studies will cover topics such as identifying types of competitive environment, developing strategies, CSR and ethics, the marketing environment, developments in strategic management; you will be learning the tools and techniques of project management including the role of a project manager. In addition to the competitive environment and project management you will also learn the concepts associated with the effective operation of an organisation and the various approaches of management and leadership, including the activities associated with managing people.