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MN20600: Managing finance in a multinational company

Follow this link for further information on academic years Academic Year: 2017/8
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Assessment detail data for this unit is currently being updated as a change has been approved. Updated assessment information will be published here shortly.
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MN10571
In taking this module you cannot take ES20070 OR take MN20026 OR take MN20502
Further information on descriptions Description: Aims:
This unit builds upon Introduction to Finance. It further develops students' knowledge and understanding of the principal tools used in financial decision making, focusing on international cash flows. It introduces students to the key principles of international diversification and efficient markets; international capital investment appraisal and international risk management.

Learning Outcomes:
At the end of this unit students will be able to:
* describe foreign direct investment (FDI) and explain the advantages/disadvantages of FDI for countries and companies;
* describe the international flow of goods, services and cash and evaluate the additional risks that companies face in operating internationally;
* describe the operation of the foreign exchange market, identify the factors that affect exchange rates and explain how those factors interact;
* analyse a company's exposure to exchange rate risk
* explain alternative hedging strategies;
* identify an appropriate discount rate with which to appraise international projects;
* carry out multinational capital investment appraisal with cash flows in more than one currency;
* identify additional sources of finance available to an international company and assess the costs and benefits;
* include considerations of international tax in financial decision making.

Skills:
Numerical facility with accounting and financial data, and identification/conversion to relevant economic data for decision-making.

Content:

* foreign direct investment (FDI) and the advantages/disadvantages of FDI for countries and companies;
* the international flow of goods, services and cash and the additional risks that companies face in operating internationally;
* the operation of the foreign exchange market, the factors that affect exchange rates and the interaction of those factors;
* the foreign exchange market;
* risk and appropriate hedging strategies
* risk and return and the cost of capital
* multinational capital investment appraisal with cash flows in more than one currency;
* additional sources of finance available to an international company and the costs and benefits;
* international tax in financial decision making.
Further information on programme availabilityProgramme availability:

MN20600 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)

MN20600 is Optional on the following programmes:

School of Management
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)

Notes: