Accounting and Finance for Contemporary China MSci

   
   
  

Fact file - 2017 entry

UCAS code:53T0
Qualification:MSci Hons
Type and duration:4 year UG
Qualification name:Accounting and Finance for Contemporary China
UCAS code
UCAS code
53T0
Qualification
Accounting and Finance for Contemporary China  | MSci Hons
Duration
4 years full-time
A level offer
AAB-ABB 
Required subjects
Accounting, economics or maths preferred
IB score
34-32
Course location
Jubilee Campus and Ningbo Campus
Course places
50
School/department
 

Overview

Combining accounting and finance with in-depth study of China, this course includes Mandarin tuition and non-native speakers spend a year abroad at our Ningbo campus.
Read full overview

This course offers you the opportunity to combine your study of accounting and finance with in-depth study of contemporary China. The compulsory modules in accounting and finance will teach you both generic theories and principles, and applications to the Chinese context.

Year one

You will take compulsory modules, and can choose from optional modules in a range of subjects.

Year two

Year two will be spent at The University of Nottingham Ningbo China. You will take modules which focus more on intermediate accounting and finance subjects relating to China, as well as language modules. Native Mandarin speakers remain in Nottingham for their second year and choose from a range of optional modules.

Year three

In year three you will return to Nottingham, where you will take specialised modules on a range of topics.

Year four

In the fourth year you will take postgraduate level modules, as well as a compulsory dissertation.

 

Entry requirements

A levels: AAB-ABB; accounting, economics or maths preferred

English language requirements 

IELTS: 6.5 (no less than 6.0 in any element)

Students who require extra support to meet the English language requirements for their academic course can attend a presessional course at the Centre for English Language Education (CELE) to prepare for their future studies. Students who pass at the required level can progress directly to their academic programme without needing to retake IELTS. Please visit the CELE webpages for more information.

Alternative qualifications 

View the alternative qualifications page for details.

Flexible admissions policy

In recognition of our applicants’ varied experience and educational pathways, The University of Nottingham employs a flexible admissions policy. We may make some applicants an offer lower than advertised, depending on their personal and educational circumstances. Please see the University’s admissions policies and procedures for more information.

Notes for applicants 

All applications are considered equally on merit; students are usually selected on the basis of academic excellence and personal qualities. We do not rely on predicted grades alone and aim to take into account the broader context of each applicant's achievements, primarily as reflected by their personal statement and reference.

If you apply to us having already completed your A levels, your application will be considered in exactly the same way as those from candidates with predicted grades. Please tell us something about your gap-year activities in your UCAS personal statement.

Applicants are not routinely interviewed. If you are offered a place you will be invited to a UCAS visit day. The aim of the visit is for you to ensure that Nottingham meets your perceived needs and aspirations. In addition to a formal presentation, which provides details of the courses we offer, you will also be able to meet members of the teaching staff and, very importantly, some current undergraduates.

 
 

Modules

Typical year one modules

Core

Applied Quantitative Methods for Business in China

This module provides an introduction to some of the quantitative techniques and IT skills employed in economic and business analysis. Content includes:

  • Numbers 
  • Algebra 
  • Function 
  • Linear and non-linear equations 
  • Maths for business and economics 
  • Index numbers 
  • Differentiation 
  • Optimisation

The emphasis is on practical application of mathematical techniques rather than on the study of mathematics.

This module aims to develop students' skills of applying algebra techniques to formulate and solve quantitative business and economic problems.

 
Approaches to Contemporary Chinese Studies

This is an introductory course designed to provide students with appropriate study skills, familiarity with resources, an understanding of the methodological approaches used in studying contemporary China, to develop students' understanding of how to use critical approaches to study all aspects of contemporary Chinese society.

The educational aims of this module are to:

  • develop students' ability to find and utilise relevant empirical materials 
  • develop students' intellectual and transferable vocational skills 
  • develop e-learning skills
 
Essentials of Economics

The economic principles will be taught using applications to China.

Part 1: Introducing Economics

  • What do economists study? 
  • Different economic systems 
  • The nature of economic reasoning

Part 2: Foundations of Microeconomics

  • The theory of demand 
  • The theory of supply 
  • Elasticities of demand and supply 
  • Background to demand 
  • Background to supply

Part 3: Foundations of Macroeconomics

  • The national economy 
  • Unemployment and inflation
  • The open economy

The module aims to:

  • introduce students to thinking like an economist 
  • help students make sense of decisions people make on the daily basis
  • provide an introduction to the main important theoretical models and concepts that can be applied to a wide range of economic problems
 
Introduction to Accounting with Application to China

Accounting is a unique subject that its standards vary substantially across difference countries, however, share certain common elements too. It is difficult and actually legally banned to work without a proper level of knowledge in accounting in China as well as in other countries.

This course is divided into two parts. The first part covers Chinese financial accounting and the second Chinese management accounting. Both financial and management accounting deal with economic events and both involve financial statements. It is essential that managers understand that the significant differences between financial and management accounting arise because they serve different audiences.

The financial aspects of the business permeate most areas of management. The financial accounting elements of this course will leave the student with the opportunity to function as an effective manager in the knowledge that they can identify, explain and assess the potential use of major tools and techniques relating to financial interpretation.

The aim of this module is to train the students with solid understanding of general accounting foundation at the beginning level, as well as the Chinese accounting systems.

 
Introduction to Contemporary China

This is an introductory course designed to provide students with an overview of contemporary China and help students establish a foundation of knowledge and skills to pursue more advanced studies of China in their later years of study. The module examines the following topics since the founding of the People's Republic of China in 1949, though particular attention is paid to the changes in China since 1978.

On completion of this module, students will:

  • have a basic knowledge of political, economic, social and environmental developments in contemporary China 
  • be familiar with theoretical debates regarding issues in contemporary China and differing empirical approaches to studying the nature of changes in contemporary China 
  • be able to comment in an informed, critical manner on contemporary issues and developments 
  • have improved their capacity to conduct research on contemporary China
 
Introduction to Finance with Application to China

Topics to be covered include:

  • Company structures, goals and finance 
  • Preparation of financial reports and financial ratio analysis
  • Introduction to investment appraisal techniques: ARR, Payback, NPV and IRR 
  • Making investment decisions and valuing investment opportunities, company valuation techniques 
  • Sources of finance

This module aims to give you a clear and practical introduction to the major themes of finance generally and specific to China. These include a thorough examination of the main techniques of investment appraisal and also a discussion in the main methods of financing companies.

 
Management Accounting and Decisions I

This module introduces the following:

  • Cost concepts and allocation of manufacturing overheads
  • Absorption and variable costing
  • Cost-volume-profit analysis
  • Relevant costing-
  • Budgeting

The module aims to introduce the techniques of management accounting and how they assist in management decision-making.

 
Mandarin Chinese for Beginners

Mandarin modules are available from beginners’ (Level 1) to research (Level 5). Students are assessed and placed at the appropriate level of study. 

Please note: Native speakers of Mandarin will take Advanced English for Disciplinary Study modules instead of Mandarin.

This module provide students with the knowledge of Chinese phonetics, grammar, vocabulary and cultural information in order to develop their competence in Mandarin Chinese. The focus is on communicative competence in both spoken and written language. The script of Mandarin Chinese is taught to make sure that students on the course are not disadvantaged by their written language.

The overall aim of the module is provide students with the phonetic and basic grammatical knowledge and develop a competence in Mandarin Chinese in spoken and written language.

 

Optional

East Asian Business in the Twentieth Century

In view of the impact East Asian business has had on world business and trading patterns in recent decades, it is important to understand how business has evolved in the region. This module provides the historical background to key developments in East Asian business, including:

  • The history of Western business in Asia from colonial times to the post-Second World War period 
  • The economic, political and social background to business development in key countries in the region 
  • The emergence of Japan as Asia's first industrialized nation, the 'Economic Miracle' and development of the 'Japan, Inc.' model 
  • The development paths of East Asia's newly industrialized countries (NICs) from colonial rule into the 1980s China's post-1978 economic growth and business development 
  • The 1997 Asian financial crisis Business organisation, industrial groups, and industrial relations in East Asia

This module aims to assess the reasons why industrial capitalism developed in East Asian economies, as well as to analyse how it was adapted to local circumstances. As well as the major economies like Japan, China, and South Korea, insights will also be gained into smaller countries like Malaysia, Indonesia, and Hong Kong. Time will also be devoted to the Chinese diaspora and the development of Chinese and other transnational business groups in the East Asian region.

 
Introduction to Business and Economy of China

This module intends to provide the fundamental knowledge of China's economic transformation and business development. It assists students to establish an understanding of issues including economic strategies, industrial sector transformation, investment, trade and business management.

The educational aims of this module are to:

  • provide an introductory programme that facilitates students learning in the disciplines of Management, Economics and Chinese Studies
  • introduce to students theoretical debates and empirical materials that are used in explaining business-related issues
  • familiarize students with comparative perspectives on business practices generally, and Chinese business practices specifically
  • practise and develop students' intellectual and transferable vocational skills 
  • foster students' awareness with economic issues, policies and institutions of China
 
Introduction to the Chinese Legal System

The module aims to provide an introduction to the origin, key elements and characteristics of the evolving Chinese legal system. It mainly includes an introduction to the history of Chinese law, organisation of the P.R.China as a state and its constitutional laws, the law making process in China, the legal institutions and the Chinese court system, the criminal process, the civil process and legal profession in China. 

Based on the introduction on the legal system, it also aims to provide contextual understanding on the political, social and cultural factors which have impacted or shaped the Chinese legal development.

The educational aims of this module include:

  • Providing an overview to the Chinese legal system 
  • Introducing students to the origin, key elements and characteristics of the Chinese legal system 
  • Setting out the foundation for students to better understand important issues in relation to studies on contemporary China (such as economic reform, promotion of democracy and human rights, protection of environment and sustainable development) from a legal perspective 
  • Further development of analytical skills
 
 

Typical year two modules

Core modules in China

Accounting and Information Systems

The module covers the following:

  • The use of accounting information systems in financial and management accounting and their control and audit
  • Introduction to systems
  • Business processes
  • Budgeting and decision support systems
  • Internal control and audit
  • Computer crime and external audit
  • Enterprise resource planning systems

The module aims to provide students with an understanding of how information technology can support the activities of the accountant and management within an organisation and the problems associated with controlling and auditing such esulting information systems.

 
Financial Management

The module will introduce students to the corporate investment and financing decision as well as the interaction between the investment and financing decision.

This module aims to help students develop a critical understanding of the theory and practice of corporate financial management.

 
Intermediate Mandarin

Mandarin modules are available from beginners’ (Level 1) to research (Level 5). Students are assessed and placed at the appropriate level of study. 

Please note: Native speakers of Mandarin will take Advanced English for Disciplinary Study modules instead of Mandarin.

This module concentrates on revising the basic skills acquired during previous study and aims to further develop students' oral and written communicative ability in the Mandarin Chinese language in more complex situations. The Mandarin Chinese language will be used as much as possible in class.

The overall aim of the module is to produce students who develop further competence in the four skills of the Mandarin Chinese language: listening, speaking, reading and writing, together with more complex grammatical structures.

 
Management Accounting and Decisions II

This module will develop skills in the computational aspects of management accounting and explore the relevance, significance and applicability of such techniques.

The aim of this module is to explore the role of traditional and contemporary management accounting in a range of different organisational environments.

 

Optional modules in China

International Political Economy

This module introduces students to the major topics in China's interaction with and role in international political economy (IPE). It includes useful concepts and theories in IPE, the evolution of China’s ties with international political economy since 1949, the linkage between domestic and international political economy of China and players in the making of external political economic policies in China.

It also examines China's role in international economic regimes (such as the WTO) and in the global and regional orders of political economy. It provides a survey of the political economy of China’s ties with the major powers and regions such as the US, East Asia, and major oil producing nations.

This module aims at enabling students to develop an understanding of the role China plays in international political economy and think critically issues related to this topic.

 
Management Strategy

This module provides participants with a theoretical and applied overview of strategic management in today's operational environment. It introduces and analyses the key concepts, frameworks and techniques of strategic management, which allow them to diagnose complex situations related to real-world business development.

The module aim is to introduce and discuss the key concept, theories and frameworks integral to the strategic management of organisations and to apply them to real-world situations.

 
Research Techniques in Contemporary China

How do researchers plan and deliver research projects? What are some of the ethical and practical considerations central to carrying out research? How do students start to become researchers in the China field? This module will address these questions by developing students’ skills, knowledge and understanding of a range of research methods and fieldwork techniques in the Chinese context. 

Topics for this module cover research design and strategies, case studies, semi-structured interviews, content & discourse analysis, risk assessment, safety and ethical issues, group and individual research projects.

Students will undertake practical fieldwork activities while based at The University of Nottingham campus in Ningbo. Seminar contact hours will comprise of student-led teaching sessions, small group and/or individual tutorials, and fieldwork trips. Where possible, students of Chinese language programmes will be encouraged to apply their nascent Chinese language skills to research tasks. Relevant fieldwork, information gathering and recording, writing and presentation skills will also be developed and enhanced.

The aims of this module are to:

  • develop awareness and understanding of a range of research methods and fieldwork techniques in China
  • enable students to plan and undertake research activities in a field setting in China
  • provide guidance in the development of safety, ethical and cross-cultural considerations associated with research and fieldwork investigations
  • introduce skills of information collection and synthesis, and develop the ability to evaluate the significance and relevance of information
  • enable students to locate and handle a variety of primary source materials together with other relevant data, and to construct a bibliography of secondary sources
 

Core modules in Nottingham

Chinese Business Law

The module aims to provide an overview of the development of Chinese business law in the context of economic globalization and in particular of China's WTO membership. The module mainly includes:

  • Political economy of business regulation in China and China's WTO membership
  • Introduction to the Chinese's legal system and law making process
  • Chinese contract law, law on business organisations, company law and corporate governance in China, Chinese anti-monopoly law and intellectual property laws

It concludes with discussions on the possible impacts of China's integration into the economic globalization on its domestic business regulation.

The module aims to develop students' knowledge and understanding on the legal framework of business regulation in China after its WTO membership. It in particular focuses on the characteristics of contemporary Chinese business law. By introducing the transformation of the business laws in China, it aims to serve as one useful angel for students to better understand the transformation in the contemporary China.

 
Management and Financial Accounting in China

This is an undergraduate level module in accounting. The topics to be covered include:

  • The scope and characteristics of management accounting 
  • Absorption costing, marginal costing and activity-based costing 
  • Budgeting 
  • Standard costing and variance analysis 
  • The context and purpose of financial accounting
  • Statement of profit or loss and other comprehensive income
  • Statement of financial position 
  • Cash flow statements 
  • Performance measurement and control 
  • Introduction of corporate governance, internal control, and ethics

The aim of this module is to train the students with solid understanding of general accounting foundation, as well as the Chinese accounting systems. The module enables students to develop the key decision-making skills by applying accounting and financial techniques to assist in control and planning at management level.

 
Managerial Finance in China

The purpose of this module is to enable students to apply corporate financial theory to problems faced by corporate decision makers, and also understand the investment and financial decisions under Chinese financial, legal and regulatory environment.

The module aims are to:

  • consolidate and further develop an understanding - in the Chinese context - of company financial management issues and concepts building on, or supplemental to, the Financial Management unit and providing a solid base for the specialist units 
  • understand and apply financial management principles and techniques in corporate finance decision making situations, particularly in the Chinese investment and finance 
  • appreciate the importance of the role of financial management decisions in Chinese and global markets, and to business strategy and corporate objectives 
  • encourage students to contribute to the lecture and tutorial discussions and debates, and to help them design, structure and research their own learning of financial management issues of Chinese and international dimensions 
  • undertake contemporary research into financial management decisions in China and their interactions within China and internationally
 

Optional modules in Nottingham

East Asian Business in the Global Economy

The organisation and globalisation of business in the major economies of East Asia will be examined. Focusing on Japan, China and Korea, it will be possible to identify characteristic features of East Asian business systems, the internationalisation of various types of business systems and the trajectories of interaction between East Asian and north Atlantic businesses.

This module is aimed principally at assessing the interactions between East Asian Business and the global economy. Building on the first semester module that outlines the evolution of East Asian business systems, this module will contextualise these developments and link them with recent trends associated with globalisation.

Students will become familiar with the nature of East Asian business, how East Asian economies have fared over the last 20 years, and the influence of 'collective management' practices on European and American business and organisations. They will also be able to judge the extent to which convergence has become a major force in world business over the last 20 years.

 
Social Change and Public Policy in China's Reform Era

Students will learn how the Chinese central government has responded to socio-economic changes by issuing a number of key policy initiatives, most notably in the field of social security, health, education, labour, innovation and the environment. In the first part of the module participants will be sensitized about the interplay between socio-economic transformation, administrative reform and public policy making during China's reform era (1978-). Students will gain a deeper understanding how new government functions contribute to innovations in public sector management.

Drawing both on primary and secondary sources students will familiarise themselves with the increasingly lively domestic debates among social and political scientists, educators, media professionals, civil society practitioners, government officials and lawyers about goals and means of China's modernisation drive. In the second part of the module students will learn about the expanded spaces for participatory policy making in China by analysing case studies in all five substantive policy fields.

Students will be enabled to acquire the necessary theoretical and practical skills to analyse public policies in China. They will be encouraged to think critically about policy models and contrast them with evolving practices of public policy making in China.

Participants will gain a better understanding of the scale of social change in China, learn about the value of participatory policy making, and through small and big group deliberations and action will internalise a culture of collaboration by developing group presentations on selected public policies.

 
 

Typical year three modules

Core

Advanced Financial Reporting and Auditing

The purpose of this module is to enable students to develop advanced knowledge and skills in financial reporting and auditing. The content will be analysed with reference to Chinese financial, legal and regulatory environment.

The module aims are to:

  • consolidate and further develop the understanding of international financial reporting standards and its application in Chinese accounting systems 
  • understand and apply financial reporting principles and techniques in corporate finance decision making situations, particularly in the Chinese investment and finance 
  • understand the nature, purpose and scope of audit arrangements including the role of the external audit and its regulatory and ethical framework 
  • demonstrate the understanding of the entity and its environment, assess the risk of material misstatement and perform audit planning of financial statements with particular reference to the Chinese companies 
  • encourage students to contribute to the lecture and tutorial discussions and debates, and to help them design, structure and research their own learning of financial reporting and auditing issues of Chinese and international dimensions
 
Advanced Quantitative Methods and IT Skills for Business

This module applies descriptive statistics and inferential statistics to economics and business, including data collection, pictures of data, summarising data, probability, confidence intervals, sampling, random variables, sample distribution, hypothesis testing and linear model estimation of cross-section data. The emphasis is on practical application of these techniques rather than on the study of statistics and econometrics.

The module aims to:

  • develop key mathematical, statistical and econometric techniques and their application to problems and data
  • develop basic skills in the use of econometric software package for model estimation using real world data and interpret the results
 
Financial Strategy in China

This module offers specialist understanding and appreciation of financial management for the medium and larger sized organisations - in the Chinese financial, legal and regulatory environment. It builds upon certain elements of the Financial Management unit, but the emphasis is on adopting a more strategic approach to corporate financing, in the Chinese marketplace.

The module aims are to:

  • consolidate and further develop an understanding - in the Chinese context - of corporate financial strategic issues and concepts building on, or supplemental to, the Financial Strategy unit and providing a solid base for the specialist units 
  • understand and apply financial strategy principles and techniques particularly in Chinese investments and finance 
  • appreciate the importance of the role of financial strategy decisions in Chinese and global markets, and to business strategy and corporate objectives 
  • encourage students to contribute to the lecture and tutorial discussions and debates, and to help them design, structure and research their own learning of financial strategic issues of Chinese and international dimensions 
  • undertake contemporary research into financial strategic decisions in China and their interactions within China and internationally
 
Introduction to Chinese Financial Markets

The module will make the students learnt the subjects sufficiently for further studies and further involvements in financial markets in or relating to China. Topics covered include:

  • The structure of the Chinese banking system 
  • Chinese money markets 
  • Chinese equity markets 
  • Chinese futures markets 
  • FX market 
  • Bond market
  • Insurance sector 
  • Mortgage market and mortgage instruments 
  • Chinese regulations

The aims of the module are first to provide foundational level of knowledge to the roles and functions of a financial market, as well as how financial markets are structured to achieved the functions. Then we lead the students into the Chinese financial market environment to make the students familiar with the particular institutional characters in China.

 

Optional

China's Political Economy

This module examines the interaction between politics and economy in China during the economic reform period from 1978 onward. Particular attention will be given to the progress and periods of China's reform, the political context of major economic policies, reform of major aspects of the economy, evolution of economic institutions, as well as an overview of economic development in China prior to 1978.

The module will highlight the role of the political factors and state policies in China’s economy, which is important for a good understanding of the reform and economic development in China.

The educational aims of this module are to:

  • enhance students' understanding of the relationship between politics and economics in contemporary China and how politics affects economic policies in China 
  • familiarize students with debates and empirical materials that are used in explaining changes in China's political economy 
  • provide a programme that facilitates progressive learning in the disciplines of Political Economy and Chinese Studies 
  • foster students' cultural awareness and understanding of a populous developing nation and economy 
  • provide a programme that facilitates students' progressive learning in the disciplines of Political Economy and Chinese Studies
  • enhance students' understanding of the theoretical debates and empirical materials that are used in explaining the inter-relationship of politics and economics in contemporary China 
  • practise and develop students' intellectual and transferable vocational skills 
  • foster students' cultural awareness
 
Economics of Strategy and Applications

This module applies theories and models on business and corporate strategy to a wide variety of firms and organisations, including some real examples related to China. Main topics include:

  • The business environment 
  • Strategic capabilities 
  • Business strategy 
  • Diversification 
  • Internationalisation 
  • Mergers, acquisitions and alliances
  • Innovation 
  • Evaluation

The module aims to:

  • develop students' ability to apply theories and models in economics of strategy to undertake effective strategic planning 
  • enhance students' understanding of the changing external and internal business environment and their impact on strategic planning and implementation in contemporary China 
  • foster students' research skills and team spirit through the writing of a long group project report
 
International Political Economy of China

This module introduces students to the major topics in China's interaction with and role in international political economy (IPE). It includes useful concepts and theories in IPE, the evolution of China’s ties with international political economy since 1949, the linkage between domestic and international political economy of China and players in the making of external political economic policies in China.

It also examines China's role in international economic regimes (such as the WTO) and in the global and regional orders of political economy. It provides a survey of the political economy of China’s ties with the major powers and regions such as the US, East Asia, and major oil producing nations.

This module aims at enabling students to develop an understanding of the role China plays in international political economy and think critically issues related to this topic.

 
Mandarin Chinese for the Advanced Level

Mandarin modules are available from beginners’ (Level 1) to research (Level 5). Students are assessed and placed at the appropriate level of study. 

Please note: Native speakers of Mandarin will take Advanced English for Disciplinary Study modules instead of Mandarin.

Module content is as follows:

  1. Studies on accuracy of grammar on times and changes, and connectors and discourse markers in spoken and written Chinese
  2. Vocabulary related to physical features, personalities, human social behaviours, economic developments and basic statistics 
  3. Language functions for relating experiences, describing physical features, making generalisations, defining historic personalities and celebrities and describing changes, etc. 

The aim of this module is to build on the practical language experiences gained previously, to consolidate and extend vocabulary, to increase comprehension, to reinforce grammatical accuracy and to develop a fluent command of written and spoken Mandarin Chinese.

 
 

Typical year four modules

Core

Dissertation

This is an individual dissertation project based on a Chinese studies topic to be agreed by the candidate and the dissertation tutor (module convenor) and specialist supervisor.

The module aims to:

  • develop skills of problem recognition and definition
  • raise awareness of and responding to the ethical issues related to gathering data
  • implement risk assessment skills related to fieldwork and developing a culture of safety and appropriate research practices
  • have the opportunity to develop and apply research design and investigation skills in a field-based environment
  • enhance skills of information collection and synthesis, and the ability to evaluate the significance and relevance of information
 
Research Methods for Business and Finance
  • Using applications to China
  • Differences between qualitative and quantitative research methods
  • Basic data handling
  • Correlation
  • Simple regression
  • Statistical aspects of regression
  • Multiple regression and hypothesis testing
  • Regression with lagged explanatory variable
  • Regression with dummy variables 

The module aims to develop students' abilities to formulate researchable questions within a framework of financial economics, apply a statistical method to researching these problems and understand the relationship between theory testing and empirical evidence.

 

Optional

Chinese Bank Management
  • Overview of Chinese banking industry
  • Reform of the Chinese banking sector
  • Role of the Central Bank and the implementation of monetary policy
  • Performance of the Chinese banking sector and its future challenges
  • Measuring and evaluating the perfomance of banks
  • Managing the investment portfolios and liquidity positions of banks
  • Managing bank sources of funds
  • Provision of loans to buisnesses and consumers

This is a compulsory module for MSc Chinese Banking and Financial Markets in the background that the Chinese banking sectors have evolved into world class business - four of top ten largest banks in the world are now in China, and more various banks - commercial or investment banks, within China and from outside China are entering the business to provide financial services to the most dynamic economy in the world.

 
Chinese Financial Market Analysis

The course will apply advanced analytical techniques to financial markets in China and seek optimal strategies in theory and practices in solving the issues in the markets:

  • Financial market basics
  • Chinese money markets
  • Bond market
  • Chinese equity markets
  • Chinese futures markets
  • FX market
  • Private equity
  • Insurance sector
  • Chinese regulations

The course will focus on the theory and empirical evidence on the subject and will provide participants with a good general knowledge of how the various financial markets functions and act as a conduit between suppliers and users of capital, the regulatory environment in which they operate, their increasing interaction and what the future prospects and trends are likely to be.

The course also stresses the institutional differences in terms of market structure, practices, and legal and regulatory frameworks in Chinese financial markets.

 
Corporate Finance in China

This course offers specialist understanding and appreciation of financial management for the medium and larger sized organisations - in the Chinese financial, legal and regulatory environment. It builds upon certain elements of the Financial Management unit, but the emphasis is on adopting a more strategic approach to corporate financing, in the Chinese marketplace. 

It is beneficial to the non specialist who wishes to acquire skills and understanding of key financial issues in Chinese financial system, but will very largely appeal to those wishing to be aware of the importance of financial management policy, or to those likely to pursue a career in banking, investment, treasury and finance more generally. It is both contemporary in nature and research based.

The modules aims are to:

  • consolidate and further develop an understanding - in the Chinese context - of company financial management issues and concepts building on, or supplemental to, the Financial Management unit and providing a solid base for the specialist units
  • understand and apply financial management principles and techniques in corporate finance decision making situations, particularly in the Chinese investment and finance
  • appreciate the importance of the role of financial management decisions in Chinese and global markets, and to business strategy and corporate objectives
  • encourage students to contribute to the lecture and tutorial discussions and debates, and to help them design, structure and research their own learning of financial management issues of Chinese and international dimensions
  • undertake contemporary research into a financial management decision in China and their interactions within China and internationally
 
Further Issues on Accounting and Decision Making in China
  • Introduction to accounting
  • Financial statement analysis 
  • Consolidation of financial statements
  • Advanced investment appraisal 
  • Corporate failure, reconstruction and non-financial performance measurement
  • Financial performance measurement 

The aim of this module is to train the students with solid understanding of general accounting foundation at the Masters level, as well as the Chinese accounting systems. This course is divided into two parts. The first part covers Chinese financial accounting and the second Chinese management accounting. Both financial and management accounting deal with economic events and both involve financial statements. 

It is essential that managers understand that the significant differences between financial and management accounting arise because they serve different audiences. The financial aspects of the business permeate most areas of management.

 
Human Resource Management and Industrial Relations in China

The module aims to develop students' knowledge and understanding of the theory and practice of HRM and industrial relations in China during the reform era across enterprises in all ownership sectors. 

HRM is a crucial element of industrial relations, by providing the students sound understanding of theory concerning collective relationship between employees and employers, and the role of union and non-union in representation of employees through the examination of practical issues such as collective bargaining, grievance, and industrial actions.

This module aims to provide students generic understanding of main elements in industrial relations, from employee/employer relationship to government/business relationship, then more broadly, to the dynamic interaction between local state and society. Within industrial relations, the HRM is a crucial part so the module will also introduce the practice and operation of HRM. 

This module pays specific attention on the China market, especially the state/market relationship after 1978 economic reform.

 
Law, Market and Society in China

The lecture/seminar examines legal developments in China in the context of China's construction of a market economy and of China's participation into globalization since 1978. It focuses on particular aspects of legal development in China's making of a market economy. Based upon social-legal theoretical frameworks it aims to evaluate the transformation of the relationship among the state, law and market economy in China.

The module aims to develop students' knowledge and understanding of the relationships among state, law and market economy of China in the reform era. It complements other taught-postgraduate modules on China’s management and business, history, politics, economic development, and culture and society.

 
Marketing Management in China and Emerging Markets

The module covers the following main topics:

  • Understanding marketing management in China and emerging markets
  • Capturing marketing insights
  • Connecting with customers
  • Building strong brands
  • Shaping the market offerings
  • Delivering value
  • Communicating value
  • Creating successful long-term growth 

The module aims to develop students' knowledge and understanding of the theory and practice of marketing management in China and emerging markets.

 
 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Careers

The University of Nottingham is consistently named as one of the most targeted universities by Britain's leading graduate employers.* The skills you develop during your Chinese studies degree at Nottingham are skills which a wide range of employers will recognise and value. You will leave us with an insight into the world's fastest growing economy.

As well as transferable skills, the other great benefit of your Nottingham degree is the in-depth understanding you will develop of the rapid changes China is undergoing today. If you take advantage of opportunities to study in China, you will see a side of the country that tourists, backpackers and most expatriates working there, never discover.

Your assumptions about China will be thoroughly challenged during your studies and you will see what is really happening in the world's most populous nation. This kind of knowledge and understanding of China is still in very short supply in the UK and beyond, and can give you a vital edge in the graduate jobs market, with or without a high level of language proficiency.

* The Graduate Market in 2013-2016, High Fliers Research.

Average starting salary and career progression

In 2014, 100% of first-degree graduates in the school who were available for employment had secured work or further study within six months of graduation.*

* Known destinations of full-time home and EU first-degree graduates 2013/14.

Careers support and advice

Studying for a degree at The University of Nottingham will provide you with the type of skills and experiences that will prove invaluable in any career, whichever direction you decide to take.

Throughout your time with us, our Careers and Employability Service can work with you to improve your employability skills even further; assisting with job or course applications, searching for appropriate work experience placements and hosting events to bring you closer to a wide range of prospective employers.

Have a look at our Careers page for an overview of all the employability support and opportunities that we provide to current students.

 
 

Fees and funding

Scholarships and bursaries

The University of Nottingham offers a wide range of bursaries and scholarships. These funds can provide you with an additional source of non-repayable financial help.

Home students*

There are several types of bursary and scholarship on offer. Download our funding guide or visit our financial support pages to find out more about tuition fees, loans, budgeting and sources of funding.

To be eligible to apply for most of these funds you must be liable for the £9,000 tuition fee and not be in receipt of a bursary from outside the University.

* A 'home' student is one who meets certain UK residence criteria. These are the same criteria as apply to eligibility for home funding from Student Finance.

International/EU students

The University of Nottingham provides information and advice on financing your degree and managing your finances as an international student. The International Office offers a range of High Achiever Prizes for students from selected schools and colleges to help with the cost of tuition fees.  
 
 

Key Information Sets (KIS)

Key Information Sets (KIS)

KIS is an initiative that the government has introduced to allow you to compare different courses and universities.

Assessment

This course contains a period of study abroad. Mandarin is compulsory when students spend their second semester at our China Campus.

How to use the data

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combining accounting and finance with in-depth study of contemporary China
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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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