4.1.2.5 AE73 FINANCE AND MANAGING RISKS, LEONARDO PILOT PROJECT MIRF in Espoo 12 - 20 CR

AE7314 Managing Risks in International Marketing (MIRF) 2 CR optional  AE7315 Managing Risks in International Human Resources Management (MIRF) 2 CR optional  AE7316 Management of International Financial Risks (MIRF) 2 CR optional  AE7317 Managing Risks in Activities and Projects (incl. IT risks) (MIRF) 2 CR optional  AE7318 Risks in the Operating Environment (MIRF) 2 CR optional EU Leonardo Pilot Project MIRF (Managing International Risks and Finance) 12 - 20 CR supports specialisation studies in risk management. When attending MIRF-Project the student completes the courses AE7314 – 7318 and the Case study: Assessing and Managing International Risk” either as “Development Project” (AE5500-5505 2 – 6 CR) or ”Thesis” (10 CR).

AE7314 Managing Risks in International Marketing/MIRF 2 CR

Objectives The student will be able to analyse risks and opportunities in international trade and reduce risks through planning of international marketing, strategic entry options and international operations in accordance with risk management principles and means. Content Exploration of Challenges in the International Operating Environment in View of Company Marketing Strategy and Internal Organisation/Ability to Use Market Information/Operational Performances and Marketing Decisions/Adapting Risk Management Process to Issues Explored

AE7315 Managing Risks in International Human Resource Management/MIRF 2 CR

Objectives The student will be able to evaluate sources of labour within the EU, to identify major constraints in employment law and to assess the long term profitability with the help of Human Resources Accounting. The student will understand the importance of ‘life-long learning’ and will be able to identify and manage risks in recruitment and selection. The student will be able to analyse cultural differences and problems confronted with expatriate staff. Content Sources of Labour, Remuneration and Social Chapter/ Employment Law/ Manpower Planning/Human Resources Accounting/ Life-long Learning Programmes/Special Risks with Expatriate Staff: Risks in Recruitment and Selection, Cultural and Ethical Values, Working Patterns and Working Environment

AE7316 Management of International Financial Risks/MIRF 2 CR

Objectives The student will acquire understanding of international finance and financial risks and of their management compared to domestic finance.The student will acquire an understanding of company risk management policy and risk management strategy and of the importance of risk taking. He/she will be able to identify, measure and communicate financial risk and make suggestions and give advice on how to manage them. Content Risk Taking Policy Stated in Company Strategy/Differences in International and Domestic Finance and Use of Risk Management Methodologies/Main Categories of Financial Risk: Counterparty (including Credit Risk), Funding, Derivatives (the basics), Interest Rate, Currency, Risks Due to Introduction of EURO

AE7317 Managing Risks in Activities and Projects (incl. IT Risks) MIRF 2 CR

Objectives The student will be able to understand the business processes and identify risks involved in processes, activities and projects, IT and electronic trading also in international context. The student will be able to use techniques and methods in planning and organising work, and will be able to identify and understand the importance of management, exchange of information, and communication factors. Content Planning and Organisation of Work (Microsoft Project)/Co-ordination of Human, Physical and Financial Resources in Carrying Out Activities and International Projects/Review and Monitoring: Value Analysis, Systems Analysis; Performance Standards and Indicators; Impact on Technology; Activity Based Accounting;Incompatibility of IT Systems and Programmes of International Partners, Year 2000 Problems in different countries/Risks in Extranets and Internet, Electronic Trading

AE7318 Risks in the Operating Environment/MIRF 2 CR

Objectives The students will be able to understand and evaluate the risks both in national and international operating environments. The student will be able to take these risks into account in planning and decision making. Content Economic Systems/Exchange Rates /Trade Policies/Culture/ Environmental Risks: Environmental Damage and Social Responsibilities, Regulatory Controls and Law Relating to Environment, Sustainable Development and Environmental Accounting/Technological Risks/Political Risks

AA7330 Financial English 2 CR

Objectives The student will be able to understand financial articles and reports and discuss financial matters, He/she will be able to understand international Balance Sheets and Profit and Loss Accounts/Income Statements.The student will be able to use financial and accounting terminology in negotiations, budgeting and reporting. Content Financial Markets/Financial Instruments/ Financial and Accounting Terminology/ Differences in American and British practice

AA7331 Finansieringsspråk 2 CR

Mål Att förstå och diskutera texter och rapporter som handlar om finansiering och att kunna läsa och tolka internationella, speciellt nordiska balans- och resultaträkningar. Studerande kan använda finansierings- och redovisningsterminologi i förhandlingar, budgetering och rapportering. Innehåll Finansieringsmarknader och -instrument samt finansierings- och redovisningsterminologi

AE9000 Job Placement I 8 - 12 CR

Objectives Application of theory to real life work situations. The student will have a Placement Diary and will be given a placement assignment to analyse on-the-job learning.

AE9005 Job Placement II 8 - 12 CR

Objectives The second Job Placement period relates to the student’s specialisation studies. The student will apply the knowledge and skills acquired in the specialisation studies. The students will become acquainted with probable development needs and tasks at their Job Placement organisations and will compile a development plan.

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