Master in Finance & Accounting

MASTER

Finance and Accounting

Economics

FULL TIME

2013 2014

Master in Finance and Accounting

The Master in Finance and Accounting will enable you to build the knowledge and analytical skills you need to design and implement the ongoing management systems that are used to plan and control a corporation’s performance.

Practice-Driven - Completing an International project with your peers to solve a real-world problem for an international company. Designing and executing your graduation thesis at a company.

The goal of any enterprise is to create value for its stakeholders. In times of increasing risks it is crucial to take the right financial decisions. Three main themes form the core of the Master in Finance and Accounting, reflecting the multiple roles of the Financial Manager: financial accounting, management accounting and financial management.

The Financial Manager is responsible for providing financial advice and support to colleagues and clients, to enable them to make sound business decisions. Only with a thorough understanding of all aspects of the business are they are able to effectively advise and support management in decision making and furthering company growth and profitability. The Financial Manager should also have extensive knowledge of how risk is defined. They need a sharp eye for recognising the links between the risk and the opportunity costs of capital, while being an expert in coping with risk in practical situations.

Programme Overview

Rotterdam Education Model To translate the practical, hands-on mentality associated with the city of Rotterdam and the talent development of our students, into education, Rotterdam University, University of Applied Sciences, has developed a tightly implemented education model. Characteristic of the Rotterdam Education Model (REM) are three learning tracks: knowledge-driven, practice-driven and student-driven education. In the Master in Finance and Accounting programme the three learning tracks are put into practice as follows.

Knowledge-Driven - Following theoretical courses in Finance and Accounting.

Student-Driven - Devising and implementing a management development plan with the support of your development coach.

Our programme consists of four study blocks. During the first three blocks you will have eight weeks of course-work and one week of exams. You will take a combination of finance and accounting subjects and supporting subjects.

You will also follow a management development programme. In block one you will also choose two electives based on your personal learning objectives. In block four you will write your final thesis.

Subjects Financial Reporting & Analysis - Analysis of financial and accounting reports.

Accounting for Strategic Decision Making - Organisational architecture, responsibility accounting and cost allocation.

Operational Financial Management - Management of treasury positions and working capital.

Corporate Valuation - Valuation models and the firm’s capital structure and application of valuation for various financial operations.

Management Control & Performance Measurement Systems - Control function of management with a focus on control alternatives and their effects.

Finance & Decision Making - Modern portfolio theory, corporate financing and debt policy.

Economics - Economic factors important for international managers.

Risk Management – Measurement and control of business risk.

International Finance Management - Managing the exposure of international finance.

Accreditation The Master in Finance and Accounting has been accredited by NVAO (Dutch-Flemish Accreditation Organisation).

International Experience As a student in the Master in Finance and Accounting programme your learning is not just limited to the classroom. Our programme offers you the unique opportunity to immediately apply the theory you learn to real-world problems. During your study you work on an International Project where you will work as part of an international student group to solve a real problem for a company.

At the end of your study you will also execute your final graduation assignment for a company, using the theories and skills you have learned to solve a complex problem in the field of Finance and Accounting.

Lecturers Our lecturers are a reflection of the international classroom.

You will be taught by a multinational mix of experts in the field of Finance and Accounting.

Our lecturers have years of professional experience in multinational organisations and hold a Masters or Doctoral degree. This combination of academic knowledge and practical experience provides you with the benefit of seeing how theory is applied in practice.

Pre-Master Rotterdam Business School offers two Pre-Master courses for students who do not yet meet all the entry requirements for the Master programmes. These courses are designed to ensure that students will be able to participate successfully in the Master programmes.

If you have a Bachelor degree in business, but do not yet meet the IELTS/TOEFL entry requirements, or if you feel you need some extra preparation for a Master programme, you may take the six-month preparation course. If you have a Bachelor degree in a non-Business field, you may take the 12-month preparation course.

Successful completion of a Pre-Master course will lead to: ¬ A certificate for the Pre-Master course ¬ An exemption from the IELTS 6.5/TOEFL iBT 90 requirements ¬ A deduction of € 1,250* on the Non-EU tuition fees of a Master programme at Rotterdam Business School.

The Pre-Master courses commence in February and in September. For more information about the Pre-Master courses please see rotterdambusinessschool.nl

Accommodation The Rotterdam Business School can provide accommodation for international students who are accepted into the programme. The rooms are rented per term and cost *€ 350 per month (*subject to change). Please make room reservations through the GR&SS office.

Admission Requirements The admission requirements for this study programme can be found on rotterdambusinessschool.nl

PRACTICAL INFORMATION Official Programme Name ¬ Master in Finance and Accounting

Application Procedure Your application will be processed by the Global Recruitment and Student Support (GR&SS) office.

(Note for international students - GR&SS will also apply for your visa and residence permit if necessary.)

The following steps are essential to the application procedure: 1. An application form can be downloaded from rotterdambusinessschool.nl 2. Please submit all documents that are necessary for us to complete your application (as detailed on page 2 of the application form).

3. Students from China are required to obtain the ‘Nuffic Certificate’. More information can be obtained at nuffic.nl 4. Potential students will be invited for a selection interview. For international students not yet resident in the Netherlands, the selection interview will take place in your country of residence or by phone/Skype.

5. If you are accepted to the programme you will receive a letter of admission and an invoice. International students will also receive three documents: a statement of understanding, a room reservation form and your visa documents. All of these documents must be completed in full, signed and returned to us by post.

6. The invoice must be paid before: Non-EU students - 1 July for enrolment in September or 1 January for enrolment in February.

Dutch and EU students - the date will be mentioned in your invoice.

International students must also follow the extra steps below: 7. Once you have paid the invoice and we have received the other signed documents from you, Rotterdam Business School will apply for an MVV (entry visa) and VVR (residence permit) at the IND (Dutch immigration and naturalisation service) on your behalf.

8. You (or your agent) will be informed when your MVV is ready to be collected at the Dutch consulate or embassy in your country.

9. You then make your own travel arrangements to come to the Netherlands.

10. If you have reserved a room in our student residences you should inform GR&SS about your date and time of arrival in the Netherlands (flight details) so that a pick-up service can be provided.

The information in this leaflet is not legally binding and is subject to change.

11. We will welcome you to Rotterdam Business School during the Introduction week, which takes part one week before the start of your study programme.

(Participation in the Introduction week is mandatory).

Application Deadline Dutch and EU students EU students or students with a valid residence permit for the Netherlands can apply until 1 july for enrolment in September. Check the website for the February enrolment.

Non-EU students Non-EU students can apply until 15 May for enrolment in September. Check the website for the February enrolment.

Tuition Fees Tuition fees are determined each year. The tuition fees for 2013-2014 can be found on rotterdambusinessschool.nl from April 2013.

You can expect to pay between € 300 and € 750 for books, readers and other materials.

Master Experience It is also possible to attend a trial lesson for our Master programmes. Please see www.masterexperience.nl for details.

Contact For more information about study programmes, admission, registration and studying at Rotterdam Business School please contact the Global Recruitment & Student Support Office.

Global Recruitment & Student Support Office (GR&SS) +31 (0)10 794 62 50 rbs@hr.nl Postal Address:

Rotterdam Business School Attn: GR&SS P.O. Box 25035 3001 HA Rotterdam The Netherlands

More information? You can find detailed information about the study programme at rotterdambusinessschool.nl