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    This document provides information on an International Business Finance course offered at Salale University. The 2-credit course is offered in the first semester of year 1 of the MSc in Accounting and Finance program. The course aims to equip students with the theories and practices of international business and finance. It covers topics such as the foreign exchange market, foreign exchange risk management, and multinational working capital and long-term financing. Assessment methods include cases, assignments, tests, presentations and a final exam worth 50% of the total grade. The course objectives are to help students understand and address the challenges faced by multinational companies in the global business environment.

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    This document provides information on an International Business Finance course offered at Salale University. The 2-credit course is offered in the first semester of year 1 of the MSc in Accounting and Finance program. The course aims to equip students with the theories and practices of international business and finance. It covers topics such as the foreign exchange market, foreign exchange risk management, and multinational working capital and long-term financing. Assessment methods include cases, assignments, tests, presentations and a final exam worth 50% of the total grade. The course objectives are to help students understand and address the challenges faced by multinational companies in the global business environment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    63 views2 pages

    Couresot Line

    Uploaded by

    Seifu Bekele
    This document provides information on an International Business Finance course offered at Salale University. The 2-credit course is offered in the first semester of year 1 of the MSc in Accounting and Finance program. The course aims to equip students with the theories and practices of international business and finance. It covers topics such as the foreign exchange market, foreign exchange risk management, and multinational working capital and long-term financing. Assessment methods include cases, assignments, tests, presentations and a final exam worth 50% of the total grade. The course objectives are to help students understand and address the challenges faced by multinational companies in the global business environment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Salale University

    College of Business and Economics, Department of Accounting and Finance, MSc in AcFn
    Course Title : International Business Finance
    Course Code: AcFn 542
    Credit Hour : 2
    Prerequisite : None
    Year/ semester: Year I, Semester II
    Course Instructor: Dasalegn Mosissa (Assistant Professor)
    Course Description
    International Finance is designed to better develop those skills that equip students to understand
    and appreciate the international financial issues that companies face when they operate in several
    separate countries. The subject will develop both the theoretical foundation and the practical skills
    of those who will operate in an increasingly globalized business environment. It covers various
    international financial management issues, which are essential for those who are engaged and
    active in international business management.

    It covers such topics as environment of international business and finance, Foreign Exchange and
    foreign exchange risk management, management of International Long-term asset and long-term
    financing, Foreign direct investment and International monetary system, and Multinational
    working capital management (current assets and short-term financing)
    Objective/learning outcomes
    The recent globalization made international financial management more challenging. International
    companies/Multinational Companies (MNCs) must respond by to these challenges. Those MNCs
    that are most capable of responding to challenges in the international financial environment will be
    rewarded. The same will be true for the students who may become the future managers of
    international companies. Therefore, the objective of this course is to equip students with theories
    and practices of international business and international finance.

    Course Contents
    Unit 1: Introduction to International Business and Finance
    1.1 Why companies go outside domestic territory
    1.2 Why study International Finance
    1.3 Theories of International Business
    1.4 International Financial markets and Business Methods
    Unit 2: Foreign Exchange Market and Dealings
    2.1 Foreign Exchange/Exchange rate definition
    2.2 Motives for Using International Financial Markets.
    2.3 Foreign Exchange Transaction/dealings and related issues
    2.4 International Arbitrage
    2.5 Factors that influence Exchange rates
    2.6 Exchange rate determination- Equilibrium approach
    2.7 Measuring Exchange rate movement
    2.8 Government influence on exchange rate
    Unit 3: Foreign Exchange Risk Management
    3.1 Types of risks or exposures
    3.2 Measuring Exchange rate movements
    3.3 Foreign Exchange risk management- external techniques
    3.4 Foreign Exchange risk management –internal techniques
    Unit 4: Management of MNC’s Long-term Asset
    4.1 Capital budgeting for foreign investment
    4.2 Subsidiary versus parent perspective
    4.3 Factors to Consider in MNC capital budgeting
    4.4 Illustration on MNC Capital Budgeting
    Unit 5: Multinational Cost of Capital and Capital Structure
    5.2 Long-term Financing Decisions
    5.3 Cost of capital for MNCs
    5.4 Capital structure for MNCs
    Unit 6: Multinational Working capital management
    6.1 Short-term financing strategy
    6.2 International cash, receivables and inventory management
    Learning & Teaching Methods
    A combination of lectures, guided readings, skill based group/individual exercises, and case analysis will be used
    Assessment Method
     Cases and assignments
     Tests and quizzes
     Article review
     Case study and presentations
     Other relevant works provided by instructors
     Final exam (50%)

    References
    Apte, P. G. 2006. International Financial Management, 4th ed
    Brigham, E. F. and Houston, J. F. 2001. Fundamentals of Financial Management 9th ed
    Connolly, M. 2007. International Business Finance. Routledge, New York and London. Hill,
    C.W.L. 2003. International Business,4th ed
    Katsiolouds, M.I. and Hajidakis, S. 2007. Iterantional Business: A Golabal pespectie
    Khan, M.Y. 7 Jain, P.K. 2007. Financial Management, 5th ed,
    Kim, S and Kim, S.H. 2006. Global Corporate Finance, Text and Cases. Blackwell publishin, USA
    and Australia
    Kohn, M. 2005. Financial Institutions and markets,
    Madura, J. 2000. International Financial Management, 6th ed
    Mishkin F. S. 1998. The Economics of Money, Banking, and Financial Markets, 5th ed
    Mishkin, F. S. and Eakins, S. G. 2009. Financial Markets and Institutions, 6th ed.
    Pilbean, K. (2006) International Finance, 2nd Ed
    Resrik, E. 2004. International Financial management, 3rd ed. The McGraw-Hill companies
    Sercu,P. International Finance: Putting Theory into Practice

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