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Module ‘Corporate Finance and Accounting’

Corporate Governance

The field of corporate governance entails the corporate

and the societal force field, but also the ethical component

which is becoming more and more important. The

recent scandals at for example Ahold, Parmalat, Enron

and WorldCom, and in particular the doubts about the

independence of accountants, analysts and supervisors, but

also the discussion on management compensation, have

largely contributed to this. In that view, this course also

pays attention to the recent legislation in the United States,

mainly the Sarbanes-Oxley Act, and the developments in

the Netherlands (Code Tabaksblat and legislation).

Management Accounting

Accounting is the process of identifying, measuring and

communicating the economic information about an entity

so that users of this information can make informed

decisions. Traditionally, there are two accounting subjects

that are discussed in literature: Financial Accounting, aimed

at providing information for external decision-making and

accountability, and Management Accounting, aimed at

providing information for internal decision-making and

accountability. The subjects for discussion in this course

also include international standards such as marginal

analyses and cost price calculations.

Financial Management

The objective of this course is to provide a thorough

understanding of the financial decisions that have to

be made in a corporation. These financial decisions

centre around the investment and financing activities of

the company. The specific learning goals include (1) to

understand how investment decisions are made, (2) how

financing decisions are made, (3) how investment decisions

affect financing decisions and vice versa, and (4) what role

markets play in particular regarding their influence on the

firm’s cost of finance.

Module ‘Strategic Change Management’

Innovation and Strategic Change

The course Innovation and Strategic Change deals with

the organisational forces of exploration vs. exploitation

and internal vs. external focus. The growing importance

of managing innovation and change as a process and the

strategic context in which this innovation and change

processes take place is another important subject in this

course. At the same time best practices of successful

innovations and changes will be discussed.

Personal Development and Leadership

A crucial skill in the current business context is the ability

to effectively deal with other people. This is also reflected

in the popularity of terms as transformational leadership,

conflict management, coaching and team building.

This training deals with themes in the area of personal

development and leadership that will assist participants

in acquiring this important skill.

Organizational Change

In response to the increasing competition, technological

advancement, and the need to improve results, companies

are confronted with many changes in structures and

procedures of the work. The most important learning

goals of this course are to experience the difficulties of

intervention design and application, gaining insights in

the paradoxal demands of change in organizations, and

composing ideas on how to deal with this.

International Module India or South Africa

The international module is designed to present the

international business environment in a practical way.

Participants learn about the specific characteristics that

differentiate the business environment in that particular

region and gain insights in doing business and living in a

foreign environment. The module consists of an interesting

mix of company visits, interactive lectures at a local

university, network opportunities with the local business

community, and socio-cultural projects.

The international module is an obligatory part of the

International Modular Executive MBA curriculum.

Participants have the option to select for an international

module in India or an international module in South Africa.

Doing Business in India

In recent years India has gone through rapid economic

growth and is the most important growth market in the

world after China. With approximately 1,1 billion residents

of which most speak English, India exhibits an average

growth percentage of 5% per year. As such India belongs

to the fastest growing economies in the world. The Indian

IT industry is nowadays one of the largest in the world.

Yet there is also visible poverty in India and the contrast

between rich and poor is enormous. A fancy office building

or luxury villa next to a slump area is unfortunately not a

rare sight. Due to the visible poverty, many visitors who

visit India for the first time, receive a true culture shock.

Companies that engage in doing business in India often

lack a complete picture of the scale of the Indian industry.

The purpose of this module is to gain insight in all these

different aspects that define India’s uniqueness.

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