Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should be familiar with the various economic, political, and social forces driving accounting to be more international in focus; able to appreciate the advantages and disadvantages of international accounting standards; able to identify and measure the degree of transaction, translation and economic exposure incurred from fluctuations in foreign exchange rates; able to understand the various motives for conducting international business; familiar with the various techniques available to finance international trade; able to understand the various methods a firm may utilise to hedge its foreign exchange risk.
Synopsis Appreciation of the international environment in which companies operate today; influence of foreign markets on corporate performance and the way it is reported; sound financial management techniques for a company's success.
Assessment Assignment (2000 words): 30% + Examination (2 hours): 60% + Class participation: 10%