Study guide 2013-2014
School of Finance and Accounting
Bachelor Studies
International Finance and Accounting (IFA)
& Short Degree Programme (IFAS)
saxion.edu
Index
2 Study guide 2013-2014
Foreword Exam committee (examination board)
6 MySaxion: the source of information for F€M-students
1 About Saxion
Exceptionally active News announcements
History of Saxion Schedules/Timetables
Strategic vision Tests
An authority in education Result overviews
Attractive learning and living environment Calculators
Large in variety Narrowcasting screens
Active in all areas Digital study area - Blackboard
Knowledge Centres Preparation of the classes
2 Student facilities 8 Frequently asked questions
Catering facilities Where to go with your questions?
Student Desks in Deventer and Enschede Which books are required?
Student counsellor Where can I find the timetables?
Confidential counsellor In which classroom are the lectures?
Student psychologist
Studying with a disability How can I reach my teachers?
Language support House rules for the School of Finance
Saxion Library and Accounting (F€M)?
Training sessions and workshops
ICT facilities 6 Bachelor studies International Finance and
Sports and Culture, also for top sportsmen Accounting 22
3 Regulations Introduction
Education and examination regulations Starting point
(EER) and Student statute 12 Admission Requirements
Board of Appeal
Integrity and Complaints Office (MIK) Enrollment Procedure
Participation Subject descriptions
Curriculum courses and exams bachelor International
4 Registration and students grants Finance and Accounting 2013-2014
Public transport pass Professional profile
Facility fund Education profile
Study year and quarters 14 Profession and professional field
Introduction period 2013 Market developments
The Saxion year schedule 2013-2014
Division into quarters 2013-2014 7 Bachelor studies International
5 School of Finance and Accounting Finance and Accounting
Mission and vision
Degree programmes Short Degree Programme (IFAS) 32
Small groups, practically orientated
Two locations; Deventer and Enschede Introduction
Where is the F€M-school in Deventer?
Where is the F€M-school in Enschede? Starting point
Practical orientation 16 Admission requirements
Student Association: Balans
Alumni-association CA$H Enrollment procedure
Study & Entrepreneurship
Internationalization Curriculum courses and exams bachelor International
Study career supervision
Practical office internship and graduation Finance and Accounting Short Degree Programme (IFAS)
2013-2014
Subject descriptions IFAS
Professional profile
Education profile
Profession and professional field
Market developments
Important telephone numbers & (e-mail)
addresses 39
Study guide 2013-2014 3
Foreword
4 Study guide 2013-2014
The school of Finance and Accounting (Academie Financien, €conomie & Management - F€M) realizes it’s very
important that students know what they can expect when they (start to) study at F€M. We would also like to keep
our connections within and outside Saxion informed about everything that we, as a school, do and support.
These objectives also manifest themselves in our mission:
F€M offers students, clients and employees excellent value in economic and social knowledge and personal
development. The school educates (self)critical professionals, who provide added value to the field of economics
and the society.
From this mission, this study guide has come into being. The guide is arranged in such a way that every reader can
easily find the information that is relevant to him/her.
The study guide starts with a general explanation about Saxion: its history, core values in its policies, student
facilities within the university, various rules and regulations, registration and study financing. That is immediately
followed by more specific information about the school of Finance and Accounting, followed by the programmes of
each of our separate courses. The study guide ends with a detailed explanation on our educational system and its
features.
We hope that you have found the answers to your questions and/or have been informed about Saxion in general
and the school of Finance and Accounting in particular, after going through this study guide. Then we will have
succeeded in our intentions.
Nevertheless, if you have any questions or would like to know more about certain topics, please don’t hesitate to
contact us.
L.W. Velt
Dean, School of Finance and Accounting (F€M)
Study guide 2013-2014 5
1 About Saxion
Exceptionally active Strategic vision
With locations in Deventer, Enschede and Apeldoorn, In the Strategic Vision of 2008-2012, Saxion concentrated
and over 25.000 students, Saxion is one of the largest on the following five main points:
Universities of Applied Science in the Netherlands. • intensifying its education
Saxion offers a wide variety of studies and a large • strong relations with the professional field
number of special degree programmes or specialisations, • internationalization
on a national as well as international level. • excellence
Saxion offers a wide range of programmes with diverse • professionalization
variations. The education can be described as high- Openness, responsibility, professional skill and inspi
quality, innovative and enterprising. Students study ration are put first in realizing this Vision.
individually in a ‘personal learning path’. Cooperative
work terms (co-operations) with companies, institutions An authority in education
and governmental organizations result in an education
that is well-attuned to the professional environment. In Within the current knowledge-based society,
addition, a wide-ranging programme for applied individualisation and internationalisation are leading
research is being developed. trends in education, which Saxion, as a powerful
educational institute, translates into the study
History of Saxion programme and organisation. These trends also show
in the recruitment and selection of students and the
The administrative merger between the University of way the organisation works.
Applied Sciences IJselland in Deventer and the University
of Applied Sciences of Enschede took place on 1 January, Attractive learning and living
1998. Its new name, Saxion, was announced in April 2000. environment
A complete merger took place on 1 September, 2011.
Saxion’s students and employees are lucky. In Deventer,
as well as in Enschede, they study and work in an
inspiring learning and living environment. Both
universities are located in new buildings, close to the
train station and the city centre. Studying or working at
Saxion in the medium-sized student cities of Deventer
and Enschede guarantee - besides sports - extensive
opportunities for housing, culture and entertainment.
The school for Hotel Management is situated at an
attractive location in the city centre of Apeldoorn.
The name Saxion was chosen, first of all, because Saxion Large in variety
expresses the fact that the University is active in an
historical area of Europe, of which the eastern region of Saxion wants to combine the positive effects of the
the Netherlands is a part. large scale organisation with the advantages of a small-
The Eastern Netherlands and the German border region scale educational organisation. That is why Saxion
are more and more developing into a self-conscious continues to develop its recognizable identity and
region with potential growth, with a knowledge-based innovative strength of the programmes. An organisation
economy. Moreover, located at the development with a flat structure and short lines of communication
boundary between the Randstad and Berlin, Saxion has in which studies or clusters of comparable studies can
partners in Osnabrück, Münster and Hannover, with operate freely in a larger context. Our supporting
whom Saxion works together intensively. The attractive services make sure to offer professional, efficient and
environment in this part of the European Union is high-quality service.
expressed by the green colour of the logo. The logo
symbolizes the connection and influence of the two
founding Universities of Applied Sciences and their
knowledge areas.
6 Study guide 2013-2014
Active in all areas
Saxion works together with other universities of applied
science on a collective, regional assortative policy.
Focus lies on realizing a most-desired and optimally-
located palette of degree programmes in the Eastern
part of the Netherlands. The ‘Saxion Knowledge
Transfer’ is available for governmental organizations,
companies and health care institutions. This applies to
applied research, refresher courses, post-graduate
courses and recommendations on a commercial basis.
Knowledge Centres
The Saxion Knowledge Centres, in which specialized
knowledge from within and from outside the university
comes together, are at the service of all organisations
and companies in the region. Lecturers, connected to
the Knowledge Centres, provide the research
development and the use of the obtained knowledge
from that within the study programmes.
The six Saxion Knowledge Centres are constituted
around the following themes:
• Health, Welfare and Technology
• Environment
• Design and Technology
• Innovation and Entrepreneurship
• Hospitality
• Innovation in Education
Lecturers act as driving forces and pivots for the
Knowledge Centres. Every lecturer has his/her own
speciality or field of study: the lectureship. Around
certain themes and projects, they work together with
teachers and students: the so-called ‘knowledge circles’.
Study guide 2013-2014 7
2 Student facilities
8 Study guide 2013-2014
Catering facilities • P roblems with the issued login account
• Information and registration Studium Generale (series
There are good facilities in Deventer and Enschede to
buy food and drinks. The Cormet restaurant offers an of lectures on topics of general interest)
extensive assortment of menu items. Every day from 5
pm, hot meals are served. Both locations have a Grand At the Student Desk, it is also possible to make
Café, where you can get alcoholic beverages after 4 pm. appointments with:
In Deventer as well as in Enschede, you can only pay • Student counsellors with regard to study motivation
with the ‘chipknip’ (a chip card). There is a recharge
location in the school, and almost all (Dutch) bank cards and/or progress, complaints, legislation and rules,
will work. appeal to facility fund, study financing, etc.
• S tudent psychologists with regard to personal
Student Desks (Studentenbalies) in problems
Deventer and Enschede • C onfidential counsellors
• S tudy and vocational guidance officers with regard to
The Student Desk is meant for (applicant) students and study choice
course participants who have questions about studying at • Intake interviewers for the Saxion orientation project
Saxion, and studying in general.
The Student Desk employees answer questions, take care Student Desk Deventer
of certificates, refer students to the right person in other Main Hall
services or schools and/or- if necessary - make The student desk is open on school days:
appointments with student counsellors, the student Monday-Friday from 9 am - 5 pm
psychologist, or school contact persons. Furthermore, the Phone number: +31 (0) 570-603773
Student Desk offers study information materials and has E-mail: [email protected]
several forms available. The International Office is also
represented at the Student Desk. The Student Desks work Student Desk Enschede
together with the Student Housing Office, the International First Floor, immediately after the escalator
Office and the IB-groep (a governmental organisation, The student desk is open on school days:
responsible for the execution of several acts and regula Monday-Friday from 8.30 am - 5 pm
tions, such as student grants and information Phone number: +31 (0) 53-4871808
management). Below you can find a list of topics for which E-mail: [email protected]
(applicant) students and course participants can contact
the Student Office. Inquiries in the area of: Student counsellor
• C hoosing a course at Saxion, questions on transferring The student counsellor is available for students
and more generally about the various study options who:
• fall behind, through no fault of their own, e.g. through
• R egistration and de-registration for Saxion courses
• Certificates and statements (proof of payment etc.) illness, family circumstances or when students are in
• Student grants, loans and corresponding forms financial need due to personal problems
• Facilities and services in case of special personal • h ave questions about registration, de-registration,
programme fees or study financing
circumstances (e.g. students with a disability) • do not agree with a programme decision
• S tudent rights and obligations, as recorded in the • have a disability and would like to be eligible for
certain possible services (amongst which dyslexia or
teaching and examination regulations and the student chronic depression are included)
statue • would like a second opinion
• (Changes in) schedules and time tables, through My • d o not speak Dutch as their native language and
Saxion therefore would like to apply for special facilities
• Signing up for exams and minors • h ave questions about the rules with regard to study
• Study progress, test results, overview of credits advice
• G eneral questions about Saxion information on My
Saxion
• Registration for courses and workshops in the areas
of study skills and personal skills
Study guide 2013-2014 9
Confidential counsellor Language support
The confidential counsellor is available for students In case you want to learn Dutch language, please
who have (had) to deal with: contact International Office.
• unwanted sexual attention
• intimidation or discriminatory behaviour Saxion Library
• a ny behaviour that is experienced as being unpleasant,
Any information you may need for studying, doing
bothersome or intimidating by an employee or fellow projects, writing your thesis, and so on… the Saxion
student. library, City archive and Athenaeum library (SAB)
employees enjoy helping you out! Saxion Library is
Student psychologist located in Deventer (C.199) and Enschede (Forum, 2nd
floor). The City archive and the Athenaeum library (the
The student psychologist can help by solving personal main location of the Saxion library) can be found at
problems, such as: Klooster 12 in the city centre of Deventer. Students can
• problems with motivation and focussing take out books, study and use the PC’s at all locations.
• homesickness Saxion students are automatically members of the
• difficulty with making contacts library. The student card is the library card.
• bereavement On www.saxionbibliotheek.nl, students have access to
• fear of exams the library’s catalogue, as well as to dozens of databases.
• psychosomatic complaints The catalogue contains all the Saxion library books,
• depression magazines and theses. In the databases a wealth of
reliable professional information can be found, which
Studying with a disability can be used during studies. The database can also be
reached from the outside, by logging in with the Saxion
It is possible that a student has a (physical) condition, account.
which influences his/her study progress. Saxion intends
on making sure that not the disabilities, but the Training sessions and workshops
possibilities of studying with a disability are the most
important. Doubts about the programme? Difficulties with other
A disability is defined as any physical, sensory and/or students? The Saxion Orientation Project is a 4 month
mental disability, chronic disease or other disorder, course with an extensive orientation on the field of
which hinders studying (and possibly working later on). work and study programme. There are several brochures
Students with a disability usually need more time and/ about the training sessions and the Saxion Orienation
or get tired faster. By searching for an alternative Project available: you can get them at the Student Desk.
learning path, which is arranged with the student In addition there are training sessions and workshops
concerned, it is possible to create conditions that make in the fields of:
studying possible. • dealing with procrastination
If we want to make sure that we handle this seriously • dealing with fears and stress
and to prevent any study delay or drop outs, a learning • communication / presentation skills
path should be agreed upon at the beginning of the • once bullied, now insecure
course. This calls for sincerity of everyone involved. • dealing with bereavement
Therefore, if a disability is in question, the student • successful studying / successful job applications
should talk this over with the study career supervisor.
Depending on the issue, other Saxion employees and/
or the student counsellor can be involved as well. In
mutual consultation, a good solution is agreed upon, by
which studies can continue as easily as possible. Of
course, we will keep all the information strictly
confidential.
10 Study guide 2013-2014
ICT facilities Printing, copying and binding
Students have to hand in reports on a regular basis. It is
Computers & books therefore possible within Saxion Enschede and Deventer
There are many facilities available for working with to print, copy and bind reports. The repro-shop is
computers in Enschede and Deventer. In the study available for binding. The so-called ‘multifunctionals’
areas, as well as in the media centres, work spaces are can be used for printing, scanning and copying,
created for individual work as well as group work. The everywhere at Saxion. You can pay with your ‘chipknip’
library also offers good work and study space with (chip card). There is a manual on My Saxion under the
modern computer and print facilities. These have to be A-Z-list.
reserved beforehand.
Wireless internet Sport & Culture, also for top sportsmen
Our Deventer and Enschede locations offer access to
wireless internet facilities. Check for more information Saxion students can participate in all kinds of sport and
and help at the Student Desk. cultural activities at low costs. Enschede and Deventer
have their own fitness room. Look for more information
E-mail service (webmail.saxion.nl) at www.saxion.nl/studeren/naast-je-studie.
Every Saxion student gets a Saxion e-mail address. The Saxion students can:
login data will be sent to the student’s home address in • b uy a sports card, to use sport and fitness facilities at
a letter. In most cases the login name is identical to the
student number and the password is the student’s birth low costs
date (dd-mm-yy). Students are urgently encouraged to • make use of the cultural activities (theater or movies)
change this password as soon as possible. This e-mail
address is used by the teachers to communicate with with attractive discounts
the students. The students can also use it for
communication between themselves and as a digital A student who is a top level athlete, and would like to
agenda. qualify for special facilities, e.g. in the area of scheduling
classes and tests, has to register with the Saxion Desk
The e-mail address is: [email protected] for Sport and Culture, located in Enschede, or with the
coordinator of top-sport facilities or Studium Generale
Check this e-mail address every day. It is optional to coordinator of Saxion, located in Deventer. It will be the
send all Saxion e-mail automatically to your private student’s responsibility to do so. In consultation with
e-mail address. You can get more information in the the study coordinator, the student’s study plan can be
user manual at webmail.saxion.nl. drawn up.
Space on the hard disk For information about our campuses, how to get around,
Every student has his/her own separate hard disk our international traineeships programme and more,
within the Saxion network, the so-called ‘h-drive’. Make check out:
sure you never save any documents on the c-drive, www.saxion.edu/studying-at-saxion/international/
since this will be deleted as soon as the computer is
restarted. You can reach your h-drive from outside
Saxion through the website homeaccess.saxion.nl.
Cheap software and notebooks
Students can order cheap legal software through
www.surfspot.nl. It is possible to order student laptops
through Saxion. Go to notebook.saxion.nl and choose
‘notebooks’.
Study guide 2013-2014 11
3 Regulations
12 Study guide 2013-2014
Education and examination regulations Participation
(EER) and Student statute
Saxion has a central representative advisory body
Students have certain rights and duties. In the education (GMR) and every academy has its own academy board,
and examination regulations (EER) you can find in which employees as well as students are represented.
important regulations with regard to participation in For regulations and more information, please check My
tests, the first year success-standards (study advice) Saxion.
etc. The study career supervisor will discuss the most
important regulations with the student in the first study
week. The 2013-2014 study year EER can be found on
My Saxion under My study at Rules and Regulations.
In the student statute, also available through My Saxion,
you can find all information about student rights.
Board of Appeal
We refer to My Saxion for the most recent regulations.
Integrity and Complaints Office (MIK)
The Integrity and Complaints Office (Meldpunt
Integriteit en Klachten – MIK) offers every Saxion
student and employee and external relations the
opportunity to file a complaint. Every complaint can be
seen as a positive involvement of the complainer to the
organisation and as a tool for improvement.
Until recently there were several complaint regulations
and institutions with specific tasks. This led to a large
amount of different desks and offices where students
and employees had to go with certain specific
complaints. Every office had its own operating
procedures, its own communication and its own
reporting.
To comply with the Saxion Code of Conduct and with
regard to a better complaint management, Saxion chose
to establish one office for filing complaints: the MIK.
This Office is staffed by Saxion’s integrity official, with
whom students, employees and external relations can
file a complaint. Of course it is still possible for everyone
to discuss the matter directly with the (specific)
organisation or person who can judge the complaint.
Every complaint is declared admissible by principle and
will be dealt with by the integrity official, or sent on to
the authorized organisation, employee and/or his
manager. The complainant will receive feedback on the
settlement of the complaint.
Study guide 2013-2014 13
4 Registration and student grants
14 Study guide 2013-2014
For a detailed description and procedures, see: During non-teaching days there will be no planned
www.saxion.edu teaching activities, but (additional) teaching services
(such as admission tests, choice of study/career
Public transport pass (OV-kaart) interviews) may be offered on these days.
Unfortunately a public transport pass (OV-kaart) is only Division into quarters 2013-2014
available for Dutch students.
Teaching weeks have been divided over four quarters of
Facility fund approximately 50 teaching days each, excluding
autumn, Christmas, spring and May holidays. Official
Saxion has a facility fund, to which students can make holidays (Easter, Ascension holiday and Whitmonday)
an appeal in special circumstances. The regulations for fall on teaching days and are not compensated for.
this fund will be posted on My Saxion at the start of the
new study year. Period Start Finish
Study year and quarters Teaching days
Every study year consists of 4 quarters of 10 weeks Introduction 26 aug. 2013 31 aug. 2013 0
each. These quarters are divided into 7 teaching weeks,
2 exam weeks and 1 week for projects and other Quarter 1 2 sept. 2013 15 nov. 2013 45
activities (so-called ‘week-10-activities’).
Quarter 2 18 nov. 2013 7 febr. 2014 50
Introduction period 2013
Quarter 3 10 febr. 2014 25 april 2014 48
The 2013-2014 introduction period starts on Monday
26 August, 2012. The first quarter, week 1.1., starts on Quarter 4 28 april 2014 18 juli 2014 51
Monday 2 September, 2013.
Total 199
The Saxion year schedule 2013-2014
Holiday/day off Start Finish
The ‘Saxion Annual Academic Calendar’ (Saxion
jaarindeling) is the scheme that records the quarters of Autumn holiday 21 Oct. 2013 25 Oct. 2013
the academic year 2013-2014, as well as (official)
holidays. Christmas holiday 23 Dec. 2013 3 Jan. 2014
The academic calendar is based on the following
starting points: Spring holiday 24 Feb. 2014 28 Feb. 2014
Easter 18 April 2014 21 April 2014
May holiday 28 April 2014 2 May 2014
Ascension holiday 29 & 30 May 2014
Whitmonday 9 June 2014
Summer holiday 21 July 2014
• a uniform academic calendar for Saxion
• a number of 200 teaching days (based on 1680
hours of study load per academic year, working
weeks/study weeks of 40 hours and 8 hours per
day, 210 teaching days, in this case 42 weeks of 5
teaching days each should be realised)
• academic years of equal duration
• the first quarter commences as much as possible in
the week in which 1 September falls
• four quarters of mostly an equal number of
teaching days
• a substantial overlap with the summer holiday
period and the other holidays of primary and
secondary education in the region
Study guide 2013-2014 15
5 School of Finance and Accounting
(Academie Financiën, €conomie & Management - F€M)
16 Study guide 2013-2014
Mission and vision Even in times of an economic crisis, these programmes
offer excellent opportunities in the labour market.
F€M is an active and up-to-date academy which is Students who would like to continue studying after
always engaged in the future, to which the notion of their bachelor degree can receive their Master relatively
‘development’ always comes first. In the years to come quickly, due to good connections with research
our goal is to develop into one of the best schools in universities.
our field of study. This is not an objective in itself; it
evolves out of the desire to offer students the very best The Dutch full-time studies follow the same programme
and give them a solid stepping stone on their way to a in the first 1.5 years. This allows students who are
successful career, and optimal personal development. unsure of their study path to switch between times,
We want to make sure that what we do has a greater without falling behind. After the second year in-depth
added value than the study programme of any other study takes place and the practical part of the
financial-economic faculty in the Netherlands. programme commences. In the third year, students
This has to do with our ambition which we clearly create their own learning path by following a minor. The
stated in our mission. programme ends with a graduation assignment that
takes place at a business location. This assignment
This mission is expressed as follows: leads to a thesis, which will be defended at the final
F€M offers students, clients and employees a top interview. As soon as all courses have been successfully
surplus value in economic and social knowledge and completed, the student receives his or her diploma and
personal development. It educates (self-)critical he or she will bear the title of Bachelor of Business
professionals who can offer surplus value to the field of Administration.
work and the society.
The school of Finance and Accounting offers university Small groups, practically orientated
studies in the financial-economical area in Enschede,
Deventer and on Curaçao. The programmes offered by The training at the School of Finance and Accounting
the academy are recognized by the Dutch Flemish can be characterized by personal attention, small groups
Accreditation Organisation. This means that the and practical assignments. Renowned organisations,
educational programme has been assessed positively. such as KPMG and the Rabobank participate in
assignments to be carried out by the students in their
Degree programmes work groups. In the meantime, Master classes take place
at these organisations and their employees are involved
F€M offers the following bachelor degree programmes: in the oral assessments in the exam period.
Full-time There are 20 contact hours per week (class hours as well
• Accountancy (Dutch only) as coaching), in addition to self-study hours that are
• Business economics (Dutch only) scheduled. The school has its own study area where
• Tax Law and Economics (Dutch only) students can work. The teachers’ offices are located
• International Finance and Accounting (IFA) (English nearby the study area, so that the teachers are close by
and therefore easy to contact in case of any problems or
only) questions. The study programmes can be found in a
• International Finance and Accounting Short Degree digital learning environment, which can be reached
from anywhere through the internet. Therefore, students
Programme (IFAS) (English only) do not have to be at school to work on an assignment.
Part-time Two locations: Deventer and Enschede
• Compact Business Economics (Dutch only)
• SPD (Dutch only) Where is the F€M-school in Deventer?
• Tax Advisor (Dutch only)
• Project management in practice (Dutch only) On the 3rd floor in the B-wing (B3.04 - B3.12) are the
front office, the teachers’ offices, the mail boxes and
the study area.
Study guide 2013-2014 17
Where is the F€M-school in Enschede? company while they are studying. Saxion has various
arrangements for these student-entrepreneurs which
On the main floor, in the Haanstra-wing. Right behind support the combination of studying and doing
the swing doors are several classrooms and the business. For more information, contact Mr. H. Postma
consultation rooms which are, amongst other things, ([email protected])
used for the tutor group meetings. In the hallway,
where you can also find the emergency exit, are Internationalization
information boards for general announcements. Here
you can find the front office. Then the heart of the Internationalization is one of the spearheads of the
school: the student’s association, BALANS has its own F€M-school policy. Students are encouraged to do their
office here. Here is also another screen with the daily internship or graduation assignment abroad. In previous
announcements. All employees have their own work years, students have done their internship in, amongst
space in this part of the Haanstra-wing, and you can other places, Curaçao, South Africa and Bhutan. It gives
also find the study area for F€M students here. the internship or graduation period a large added value
and such an experience is of great value to your CV!
Practical orientation
F€M is a member of Businet, an umbrella organisation
The academy pays a lot of attention to practical of universities of applied science in Europe, and one of
orientation. Guest lecturers come by on a regular basis the teachers, Mr. Schenke, is in the organisation’s board
and there are ‘in-house-days’ organized with several of directors. Businet organises ‘international business
companies. Every year we organize a business market weeks’ for the participating schools. Here, F€M students
where students can speak to potential companies and can get to know students and universities in other
organisations about their internship or career. countries, such as Belgium, France, Great Britain,
Poland, Czech Republic and Finland.
Student Association: BALANS
Study career supervision
The student association of the School of Finance and
Accounting is BALANS. They organize various Within the study programmes of the School of Finance
activities which are directly related to the programme and Accounting, study career development (SLO)
and the field of work. The student association is very receives a lot of attention. The study career development
active and organizes excursions, in-house days, programme in the first year is intended to coach
guest lectures and symposia. Student association students in the process of competency development.
members can get a discount on their study books at The main objectives of the introductory (1st year,
www.studieboekencentrale.nl. For more information, propaed e utic) phase are:
or if you want to become a member, e-mail 1 Orientation on the various F€M programmes and
[email protected]
professional practice
Alumni-association CA$H 2 Making a responsible study choice (the selection
The school of Finance and Accounting has had an process)
active alumni association since 2005: CA$H. The 3 Preparation for the main phase
alumni association’s objective is to bring F€M-alumni
and the business world together, to create a unique Coaching in the first year is aimed at supporting
network from which all parties can benefit. This is students in realising the introductory (propaedeutic)
mostly expressed in knowledge-broadening and phase objectives and the process of self-control.
branch-specific activities. CA$H organizes various In addition to study career supervision, coaching in the
training sessions, courses and lectures. This way, career development is key. Personal development,
alumni get the opportunity to broaden their knowledge. social development and professional development hold
For more information, or to become a (free) member, a prominent place. In shaping the future accountant,
e-mail [email protected] business economist or tax economist, it is not only
about having enough expert knowledge, but also about
Study & Entrepreneurship having a large amount of general professional
competencies. Students need to have social and
F€M actively stimulates entrepreneurship, and there are communicative skills and management qualities.
several students within our school who run their own
18 Study guide 2013-2014
Practical office internship • Request for exemption in doing exams
and graduation • Request for test facilities
• Request to change the study contract
Students carry out their internship abroad in the third • Other requests
or fourth study year for a period of 20 weeks. Students
that meet the internship maturity requirements (See Exemption requests can only be answered when the
EER), can apply for their internship period at the school following checklist has been completed:
office (e-mail: [email protected]). The • The form with your request
internship coordinator will assess the internship • Description of the module
assignment. If he/she meets all the requirements, the • Description of the consulted literature
student can start the assignment supervised by the • Verified copy of the list(s) of marks
company supervisor. The student is also supported by • Verified copy of the certificate
the school coach. The student writes a report about his/
her experiences and the job activities he/she performed. Requests need to be handed in on the Tuesday before
If the internship takes place in the field of fiscal the exam committee’s meeting, at the latest. The
economics, it will be finished with an oral assessment meeting schedule can be found on MySaxion under year
about the professional products produced. schedule.
At the end of the programme, the graduation assignment Questions and requests can only be submitted with the
needs to be completed. Students acquire their own above-mentioned forms, any other e-mails or letters
assignment, which should meet the set requirements. can not be dealt with. Students should not approach the
After approval by the graduation co-ordinator, the exam committee members in person.
student starts working on the assignment, supervised
by the company coach and school coach. The student Take a look at the FAQ list of the exam committee on
writes his/her thesis about the graduation assignment, MySaxion and dicuss your request first with your
which will be defended in the final interview. As soon as mentor.
all units have been assessed with a sufficient mark, the
student has graduated with the certificate of The exam committee’s e-mail address is:
accountancy, business economics or fiscal econom ics [email protected]
and he/she can take on the title of Bachelor of Business
Administration.
Exam committee (examination board)
For requesting things that deviate from the EER (e.g.
exemption requests, extra exam time), you have to file
a request with the academy’s exam committee.
The exam committee consists of the following
employees:
Mrs. M.A.H. Roex-Lemmens (president)
Mr. P.J.M. Sabandar (vice-president)
Mr. J.S. van Hettema (secretary)
Mr. L. Beumer (repl. secretary)
Mr. E.A.M. Mentink RA (member)
Exemptions can be requested using the forms below.
These forms, which can be found on My Saxion, have to
be printed out and handed in, in the mailbox of the
exam committee’s secretary (to be found at the F€M
school)
Study guide 2013-2014 19
MySaxion: the source of information Narrowcasting screens
for F€M-students!
Both locations have so-called narrowcasting screens;
Make sure My Saxion is set up with the right study large tv-screens on which the school news can be
programme and location. These data can be found in found: any absence of teachers will be mentioned on
the upper left-hand corner of the screen. With the the screens as well as often the short versions of larger
button right below that, you can change the set-up. MySaxion announcements. Therefore, make sure to
always have a look at the screens as well!
News announcements
Digital study area - Blackboard
Immediately after logging in, you will see an overview
of news announcements. Make sure you check every The School of Finance and Accounting has a digital
day if there is anything relevant for you. Underneath study area available where all study material can be
you can find the announcements that have to do with found. During the first day of classes, the login link for
Saxion in general. this study area will be handed out.
All study materials (such as assignments, manuals,
Schedules/Timetables lecture sheets etc.) can be found in the digital study
area. Blackboard can be reached through the My Saxion
If you click the link ‘schedule’, you can find the menu.
timetable. It is shown by the week. Timetables can be
found with the class code. The timetables will be Preparation for class
refreshed every day (at night). We try to avoid any
changes, but make sure you check the newest version • On Blackboard, students can find what they have to
of the timetable every day! prepare for each class. Moreover, the necessary
literature is mentioned there. This should be taken
Tests with you to the class.
If you click ‘links’, you can find the link to the BISON • For the for class, the student can find which
system for your exam schedule. This schedule will be assignments to prepare under the link to the course
available around week 6 of the educational unit. concerned on Blackboard.
By the way, the schedules for the oral exams are
separately mentioned under the header ‘assessment For lectures, the student sometimes doesn’t have to
roosters’. prepare anything. In any other case, certain chapters
Through the link ‘results’ you can find the test results from the book should be read beforehand. Have a
and students can sign up here for the exams. Test look under the header of the course concerned.
results will be ready within ten school days after the
test. • During the first day of classes, more specific
For every test students need to sign up (Enschede instructions will be given with respect to the
+ Deventer). At the time of the test, students have preparation of each class.
to show a valid ID.
Result overviews
Every student can check his or her study results in
BISON. The link to BISON can be found in the My Saxion
menu.
Calculators
Students are not allowed to use any ‘graphical
calculators/calculators with a large display with more
than one line of input’. This applies to all exams, all
programmes and all study years. Check for more
information My Saxion and Blackboard.
20 Study guide 2013-2014
Frequently asked questions
Where to go with your questions? How can I reach my teachers?
The school has a front office for students in Deventer In Enschede as well as in Deventer there is a study area
(tel. +31 (0)570-603624) as well as in Enschede (tel. (in Deventer: third floor, building section B, in Enschede:
+31 (0)53-4871478). Students can call the office with ground floor, Haanstra) with several teacher work
all their questions and to make appointments with spaces. Due to the large amount of lectures, internship
teachers, to hand in assignments if agreed so, etc. visits, marking etc. a teacher will not always be at his or
her desk. Therefore, it is best to e-mail beforehand to
Which books are required? make an appointment with the teacher. If you have a
question, it is preferable to ask this through e-mail.
Students can find the booklist at Teachers will always try to answer e-mails within 24
www.studieboekencentrale.nl. hours. Keep in mind though, that many teachers work
part-time for F€M.
The books can be ordered directly online. Of course you
are free to choose whom to order from: for example, House rules for the School of Finance
books can also be ordered at www.bol.com. Keep in and Accounting (F€M)
mind though, that the delivery time can differ, so make
sure to order on time! These are:
• Clear up your work space
Where can I find the timetables? • Don’t leave anything behind when you leave
• Handle furniture and equipment with care
The timetables can be found at MySaxion. You can view • F ood and drinks are only allowed in the restaurant,
the timetables through roosters.saxion.nl.
not in the study area and class rooms.
In which classrooms are the lectures? • Smoking is NOT permitted within Saxion
• Your mobile phone must be SWITCHED OFF during
In Enschede, the main Saxion building consists of
various ‘wings’ and floors. Most classes will take place class hours and exams
in the HB-classrooms, near the study area of the School • There are plenty of waste bins in the school: use
of Finance and Accounting (F€M). The group work
spaces and the teachers can also be found in this area. them!
However, classes are sometimes scheduled in other • Computers and the internet are meant for studying:
parts of Saxion. A classroom number is always
composed of the following elements: HB01. The first use them for doing that!
letter stands for the wing (a W means Wolvecamp, an S • Misuse of computers and computer systems will be
means Schierbeek, an E Elderink, an F Forum and an H
Haanstra), the second letter stands for the Floor (B is punished by blocking the account. That will make
the ground floor, 1 is 1st floor etc.). The last two studying very difficult….
numbers represent the classroom number.
Due to increasing student numbers there are several
buildings. New is the Epi Drost building, the classrooms
in this building are represented by the letter G (Van
Galenstraat).
In Deventer, the main Saxion building consists of
various floors. A classroom number is always composed
of the following elements: B318. The first letter stands
for the section of the building. Near the elevators, the
classrooms are indicated with signposts. The first
number stands for the floor. The last two numbers
represent the classroom number.
Study guide 2013-2014 21
6 Bachelor studies International
Finance and Accounting
22 Study guide 2013-2014
Introduction Admission Requirements
International Finance and Accounting (official name: Finance Students in our international studies must:
and Control) is a 4-year Bachelor programme. It trains • demonstrate that they have the ability, motivation and
students for management and financial positions in profit or
non-profit organisations. determination to succesfully complete the programme
(letter of motivation);
The programme is internationally oriented for the following • be admissible to Higher Education through a diploma of
reasons: secondary education/high school diploma with good
1 its international composition of student groups (several results such as, for Dutch students, VWO, HAVO or MBO
and for foreign students a diploma which is equivalent
nationalities); to e.g. the German Abitur, the British GCE A-levels or (l)
2 internationally-oriented modules; GCSE grades A, B or C, the French Baccalaureat or the
3 international practical assignments in the modules; American High School (top stream or plus 1 year’s
4 international literature; college);
5 an obligation to do a part of the programme abroad • h ave sufficient English language skills for the specific
course. We follow the IELTS 6.0 standard.
(through an internship or study with a partner university);
6 contacts with international partner universities for Enrollment Procedure
student and staff exchanges. To enroll for this programme, please visit the webpage
https://app.studielink.nl/front-office/ or www.saxion.edu
The programme distinguishes itself through its attention to for more information on our programmes.
each individual student. He or she will study in a class with
a maximum size of 25-30 students and will also work in Subject descriptions
smaller groups on assignments. Explicit attention is paid to
the individual student through coaching. In this chapter, we describe the IFA curriculum. At the
beginning of each section, we will describe the course and
The programme distinguishes itself further through its the amount of credits that are connected to this course.
specific attention to communication and management
skills. Everything the students learn in specific courses in 1. Micro/Macroeconomics (8 credits in year 1)
these subject areas will be applied to other courses and in In addition to more general micro- and macro-economic
project activities, such as “management games”. themes (such as elasticities, market forms, Porter’s theory
on competition, gross national product, economic trends
The school actively seeks to integrate features of the current and innovation), in this course unit, we will address
labour market within its curriculum. As such, the subjects of international economic relationships and the various
general economics, sociology and cultural anthropology, economic systems (the market mechanism, central
ethics and human resource management will contribute to planning and various intermediate forms). We will also
increasing the students’ ‘global economic awareness’. address environmentalism. This course unit has common
ground with the International Financial Management and
Students can make their own choices in persuing a minor Sociology and Cultural Antropology courses.
within the programme, providing them the ability to give
their own unique interpretation to their course of study. Of General learning goals:
course, students can specialise themselves even further, as Make connections between events in the environment of a
soon as they develop a particular professional image they company and within the company itself (as far as these are
would like to follow. a result of international economic developments), the
actions of governmental organisations, competition, as
Starting point well as the entire business sector in which the company is
situated.
The curriculum is based on the Netherlands’ national Literature: Hubbard: Macroeconomics
education profile. This guideline provides a description of Publisher: Pearson
the competencies and levels to which they have to be
achieved for all bachelor programmes in business
economics. These national competencies are in accordance
with the “Dublin Descriptors.”
Study guide 2013-2014 23
Year 1 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Curriculum courses and exams bachelor International Finance and Accounting 2013-2014
Semester 1 Semester 2
Business Communication 1.1 & 1.2 4 ec’s Business Communication 1.3 & 1.4 3 ec’s
n Mid-Semester Exam: Business n End-Semester Exam: Business n Mid-Semester Exam: Business n End-Semester Exam: Business
English 1.1 Communication 1.2 English 1.3 Communication 1.4
Micro-/Macroeconomics 1.1 & 1.2 8 ec’s Sociology & Cultural Antropology 1.3 Management Accounting 1.4 3 ec’s
3 ec’s n Exam. Management Accounting 1.4
n Mid-Semester Exam: Micro-/ n End-Semester Exam: Micro-/ n Partial exam: Sociology & Cultural
Macroeconomics 1.1 Macroeconomics 1.2 Antropology report 1.3
n Partial exam: Sociology & Cultural
Antropology exam 1.3
Financial Accounting 1.1 & 1.2 6 ec’s Financial Accounting 1.3 3 ec’s Financial Management 1.4 3 ec’s
n Exam: Financial Accounting 1.3 n Exam. Financial Management 1.4
n Mid-Semester Exam: Financial n End-Semester Exam: Financial
International Law 1.3 3 ec’s International Taxation 1.4 5 ec’s
Accounting 1.1 Accounting 1.2 n Exam: International Law 1.3 n Exam: International Taxation 1.4
Financial Management 1.1 & 1.2 6 ec’s
n Mid-Semester Exam: Financial n End-Semester Exam: Financial
Management 1.1 Management 1.2
Computer Skills 1.1 3 ec’s Marketing & Management 1.2 3 ec’s MIS/ICT 1.3 4 ec’s
n Exam: Computer Skills 1.1 n Exam: Marketing & Management 1.2 n Partial exam: MIS/ICT report 1.3
n Partial exam: MIS/ICT report 1.3
Mentoring year 1 3 ec’s n Exam: Mentoring year 1
Year 2 Semester 3 Semester 4
Management Accounting 2.1 & 2.2 8 ec’s International Financial Management 2.3 & 2.4 8 ec’s
n Mid-Semester Exam: Management n End-Semester Exam: Management n Mid-Semester Exam: International n End-Semester Exam: International
Accounting 2.1 Accounting 2.2 Financial Management 2.3 Financial Management 2.4
Research Skills 2.1 3 ec’s Business English 2.2 3 ec’s Supply Chain Management 2.3 & 2.4 6 ec’s
n Exam: Research Skills 2.1 n Exam: Business English 2.2
n Mid-Semester Exam: Supply Chain n End-Semester Exam: Supply Chain
Ethics 2.1 3 ec’s
n Exam: Ethics 2.1 Management 2.3 Management 2.4
Human Resource Management 2.2 3 ec’s Accounting Information Systems 2.3 & 2.4 6 ec’s
n Exam: Human Resource n Mid-Semester Exam: Accounting n End-Semester Exam: Accounting
Management 2.2 Information Systems 2.3 Information Systems 2.4
Corporate Governance 2.1 3 ec’s Financial Management 2.2 4 ec’s Business Communication 2.3 3 ec’s Financial Accounting 2.4 4 ec’s
n Exam: Corporate Governance 2.1 n Exam: Financial Management 2.2 n Exam: Business Communication 2.3 n Exam: Financial Accounting 2.4
Marketing & Management 2.1 3 ec’s International project 2.2 & 2.3 3 ec’s
n Partial exam: Marketing &
n Exam: International project 2.2
Management report 2.1 & 2.3
n Partial exam: Marketing &
n Exam: International week 2.3
Management exam 2.1
Year 3 Semester 5 Semester 6
Internship 30 ec’s
Auditing 3.1 & 3.2 8 ec’s
n Mid-Semester Exam: Auditing 3.1 n End-Semester Exam: Auditing 3.2
Financial Accounting 3.1 & 3.2 8 ec’s
n Mid-Semester Exam: Financial n End-Semester Exam: Financial
Accounting 3.1 Accounting 3.2
Business Communication 3.1 3 ec’s Management Accounting 3.2 4 ec’s
n Exam: Business Communication 3.1 n Exam: Management Accounting 3.2
Financial Management 3.1 4 ec’s Research Skills 3.2 3 ec’s
n Exam: Financial Management 3.1 n Exam: Research Skills 3.2
Year 4 Semester 7 Semester 8
Minor 30 ec’s
Research & Advisory report IFA 25 ec’s
n Exam: Research & Advisory
report IFA
n Exam: Obligatory activities
abroad IFA
Oral defence research & advisory report IFA 5 ec’s
n Exam: Oral defence research &
advisory report IFA
n written exam/digital exam n report/portfolio n oral presentation n assessment
24 Study guide 2013-2014
2. Sociology and Cultural Anthropology General learning goals:
(3 credits in year 1) 1. formulating a financial plan
This course is focused on social behaviour and the economic 2. determining and describing the economic feasability
structure of various peoples and cultures. We will not only
look at the differences between cultures, but also the (rate of return) of projects and investments
interaction (communication) between cultures and the 3. collecting, systematizing and analysing financial and
social and economic problems that may result. What are the
consequences for doing business abroad? By doing non-financial index numbers
assignments, we will be able to take a close look at various 4. analysing the choice of capital sources
cultures. This course has common ground with the General Literature: Ross: Essentials of corporate finance
Economics and Communication courses. Publisher: McGraw-Hill
Learning goal: Learning goals Financial Management 1.1 (3 credits):
Recognizing influences from society, religion, culture, 1. carry out a ratio analysis
ethnicity and gender on globalisation and doing business. 2. determine an optimal capital structure
Literature: Monaghan: Social and Cultural Anthropology A
very short introduction Learning goals Financial Management 1.2 (3 credits):
Publisher: Oxford University Press 1. assess an investment project
2. calculate the present and future values of cash flows
over the course of time
3. International Financial Management Learning goals Financial Management 1.4 (3 credits):
(8 credits in year 2) 1. calculate the value of various types of debentures
Knowledge of the international financial markets is very 2. calculate the value of various types of shares
important for many businesses that operate internationally. 3. understand stock market information in the financial
We will discuss, among other things, the functioning of
exchange markets (exchange rate risk), international newspapers
banking, the role of inflation and interest, purchasing
power parity, international investments and ways to limit Learning goals Financial Management 2.2 (4 credits):
international risks. This course builds on the course General 1. discuss operating and cash cycles and why they are
Economics and has things in common with Financial
Management. important. Furthermore, students will be asked to
differentiate between the types of short term financial
General learning goals: policy.
Recognizing, describing, analysing and covering financial, 2. analyze how firms manage their receivables and the
exchange rate and interest risks. basic components of a firm’s credit policies.
Literature International Financial Management 2.3 and 2.4:
Eun: International Finance 6th Edition Learning goals Financial Management 3.1 (4 credits):
Publisher: McGrawHill 1. discuss the effects of international diversification on the
4. Financial Management performance and risk of the portfolio
(17 credits in year 1, 2 and 3) 2. determine the cost of capital for an international
Emphasis in this course is on issues of Investment and
Financing. We will discuss: investment selection methods, organisation
the functioning of the stock exchange, valuation of shares 3. discuss the difference between domestic and
and bonds, risk measures, the financing theory of MM,
mergers/take-overs and the functioning of derivatives international capital budgetting.
(options, futures). What risks are associated with investing
abroad and mergers with (take-overs by) foreign companies? 5. Financial Accounting
In addition, there is room in this course for a training in (21 credits in year 1, 2 and 3)
financial math. This course has ground in common with The Financial Accounting course is divisible into three areas:
International Financial Management. Annual Accounting/Reporting, International Financial
Accounting (about IFRS, US-GAAP and the different
accounting traditions) and Business administration. We will
also look at the consequences for relevance, reliability and
comparability of information in the Annual Report.
Study guide 2013-2014 25
General learning goals: Learning goals Financial Accounting 2.4 (4 credits)
1. Designing, set-up and maintaining (automated) financial 1. Prepare the Statement of Cash Flows using the direct
and non-financial data systems. method and the indirect method.
2. Supply financial and non-financial information to the 2. Perform and interpret a horizontal analysis and a
benefit of stakeholders outside the organization. vertical analysis of financial statement information.
3. Apply the accounting principles and accounting 3. Explain how a firm’s investments in other firms’
standards in making the annual report of an enterprise. marketable securities are valued and reported.
4. Determining and managing financial-economic and 4. Evaluate a firm’s corporate governance and describe the
fiscal risks. differences between IFRS and U.S. GAAP.
5. U se financial statement analysis to the decision-making
Learning goals Financial Accounting 3.1 (4 credits)
process and to evaluate firm performance. 1. Apply the Equity method of accounting for investments.
2. Recognize when consolidation of financial information
Literature Financial Accounting 1.1, 1.2, 1.3 and 2.4
Reimers: Financial Accounting, a business process approach into a single set of statements is necessary.
Publisher: Pearson 3. Prepare consolidated financial statement subsequent to
Literature Financial Accounting 3.1 and 3.2
Hoyle: Fundamentals of Advanced Accounting acquisition when the parent has applied in its internal
Publisher: McGraw-Hill records the equity method, the initial value method
or the partial equity method.
Learning goals Financial Accounting 1.1 (3 credits) Learning goals Financial Accounting 3.2 (4 credits)
1. Identify the elements of the four basic financial 1. Describe and apply the valuation principles underlying
statements (the Income Statement, the Balance Sheet, the acquisition method of accounting for the non-
the Statement of changes in Shareholders’ E q u i t y, controlling interest.
and the Statement of Cash Flows), explain the purpose 2. Consolidate financial statements with intra-entity assets
of each, and be able to use basic transaction analysis to transactions, variable interest entities and intra-entity
prepare each statement. debts.
2. Explain and apply the accounting principles for financial 3. Apply the principles of formation, operation, termina
reporting. tion and liquidation of partnerships.
3. Construct the financial statements from transactions
that include accruals and deferrals and recognize the 6. Management Accounting
effect of these transactions on actual financial (15 credits in year 1, 2 and 3)
statements. This course addresses planning and management activities
of business. Topics that will be discussed are: expenses and
Learning goals Financial Accounting 1.2 (3 credits) net price, stock rating, performance assessment, budgeting
1. Operate the financial administration of a small business and control, as well as quality management (TQM, Six
Sigma, etc.). The management and reward style strongly
enterprise on a basic level (bookkeeping, the accounting depend on the cultural background of the company.
circle).
2. Apply credit management and financial analysis. General learning goals:
3. Account for Inventory and apply the major inventory 1. setting up and specifying a cost plan
cost flow assumptions. 2. analysing the differences between a cost evaluation and
Learning goals Financial Accounting 1.3 (3 credits) cost realisation
1. Recognize and explain how long-term assets are report 3. assessing whether certain activities need to take place
ed on the financial statements, and prepare financial within or outside the business
statements that include long-term assets. 4. assessing whether certain orders need to be accepted
2. Account for liabilities, prepare financial statements that 5. advising with regard to an assortment of choices
include long-term debt and explain capital structure.
3. Account for Equity and prepare financial statements Literature: Horngren: Cost Accounting
that contain equity transactions. Publisher: Pearson
Learning goals Management Accounting & Control 1.4
26 Study guide 2013-2014
(3 credits): therefore has topics in common with MIS/AIS. In addition,
1. determine variable vs. fixed costs we will discuss JIT and Lean Manufacturing.
2. calculate a break-even sales point
3. determine job-costs General learning goals:
1. design alternative organisational structures, business
Learning goals Management Accounting & Control 2.1
(4 credits): and logistic processes
1. develop a variance analysis 2. assess quality processes
2. account for costs through the Activity Based Costing 3. advise with regard to logistical processes
Literature: Supply Chain Management and Logistics 2.3 and
method 2.4: Harrison: Logistics Management & Strategy competing
through the supply chain Fourth edition
Learning goals Management Accounting & Control 2.2 Publisher: FT Prentice Hall
(4 credits):
1. D istinguish between simple and activity-based costing Learning goals Supply Chain Management and Logistics 2.3
(3 credits):
systems and evaluate the costs and benefits of 1. To develop the notion that supply chains may choose to
implementing activity-based costing systems
2. S ubdivide the sales-volume variance into the sales-mix compete on different competitive criteria (lean-agile)
variance and the sales-quantity variance and subdivide 2. To show how logistics supports development of
this sales-quantity variance again into the market-share
variance and the market-size variance customer loyalty through quality of service.
3. Allocate support-department costs using the direct 3. To outline current trends in international logistics (local
method, the stepdown method, and the reciprocal
method marketing, outsourcing, reverse logistics)
4. Identify and reduce conflicts that can arise between the 4. To stress the importance of distinguishing between
economic-order-quantity decision model and models
used for performance evaluation P-times and D-times and the consequences for delivering
5. Price products using the target-costing approach and customer expectations.
use life-cycle budgeting and costing when making 5. To show how managing supply chains can be leveraged
pricing decisions by improving new product introductions, promotions,
product ranges and replenishments.
Learning goals Management Accounting & Control 3.2 6. To show that there are different ways to organize
(4 credits): logistics operations (competing through time, lean-
1. Recognize which of two generic strategies a company is agile).
using: product differentiation or cost leadership Learning goals Supply Chain Management and Logistics 2.4
2. Analyze changes in operating income to evaluate (3 credits):
1. To explain the need for aligning processes between
strategy
3. Describe a management control system and explain organisations and to identify the benefits of integrating
the supply chain.
transfer-pricing methods 2. To highlight the different types of intercompany rela
4. Select financial and non-financial performance measures tionships that exist in the context of supply chain
management.
to use in a balanced scorecard 3. To discuss the potential benefits and difficulties of
5. Indicate and analyze the difficulties that occur when the operating supply chain partnerships.
4. To explain the role of procurement in a focal firm, and
performance of divisions operating in different countries why this role is a key factor in logistics and supply chain
is compared. management.
5. To explore the drivers of procurement value, showing
7. Supply Chain Management & Logistics how the traditional cost-down role has expanded to a
(6 credits in year 2) broader basis in the firm.
SCM is the principle that the functionality of business 6. To develop the concept of supplier segmentation
processes will improve through improvement of the strategies.
cooperat ion with suppliers and customers. This is supported 7. To propose and map out challenges of logistics and the
by the use of IT-software, amongst which is ERP. This course
Study guide 2013-2014 27
supply chain today and tomorrow. There is a clear connection with this course and Supply
8. To identify key management challenges. Chain Management, Accounting Information Systems and
Auditing.
8. Accounting Information Systems
(6 credits in year 2) Learning goals:
This course is chiefly focused on the quality of management, 1. formulate a data plan
administrative and logistic information. This mainly includes 2. specify data flows within the data plan
the quality aspects of: effectiveness, efficiency, reliability, 3. advise about the use of data and communiation
availability and controllability. This implies that the
management of organisations needs purposeful and reliable technology in business processes.
information to control business processes. This information Literature: Laudon: Management Information Systems
needs to be available at the desired times and needs to be Publisher: Pearson
subsequently verifiable. This means that requirements need
to be determined with regard to the design, construction, 11 Auditing (8 credits in year 3)
implementation and management of data systems, from Theory of auditing and corresponding risk management.
which the management information emanates. This course We will discuss, amongst other things: task acceptance,
therefore has a lot in common with MIS/ICT. organization of an audit, material interest, inherent risks,
process-oriented audits, statistical analyses, year-end audit
General learning goals: and various types of audit certifications. This course unit
1. describe and design (automated) data systems connects with the course on MIS/ICT.
2. describe and design administrative systems
3. advise with regard to internal control measures, which Learning goals:
1. Recognizing various phases of an audit
are important for primary and supporting processes 2. detect risks
Literature: Romney: Accounting Information Services 12th 3. advise about internal control measures, which are
edition
Publisher: Pearson important for primary and supporting processes
Literature: Whittington & Pan: Principles of Auditing & Other
9 Corporate Governance (3 credits in year 2) Assurance Services 18th Edition
Good business management is the responsibility of various Publisher: Mc Graw Hill
corporate bodies. This course will address the corporate
governance and the related system of checks and balances. 12 Marketing & Management
In that context the various bodies involved will be discussed (6 credits in year 1 and 2)
and how these work together, identify and monitor risks This course addresses the fields of Marketing and
and report in financial and non-financial publications. The Organisational Strategy & structuring & processes of
various codes of conduct in this area will also be discussed. (international) businesses and organisations. If an enterprise
aspires continuity then it should at least be viable but
Learning goal: preferably be distinct from its competitors (in a sustainable
Analysing the contribution of the various corporate bodies manner). Firstly, in that respect is marketing of great
in controlling corporate risks in the context of the system of influence on survival and success of enterprises and, also,
checks and balances. does it involve a lot of money and management attention.
Literature: Solomon: Corporate Governance and Now, how does a business economist determine if and
Accountability Second Edition when these (marketing) activities are efficient and effective
Publisher: Pearson at all? And should a business economist be competent
enough to be able to, if not constructing them, at least
10 MIS/ICT (4 credits in year 1) judge and monitor marketing plans (and budgets)? Secondly,
As indicated by its name, this course unit is broken up into decisions on strategy, structure and systems are also of
two parts: Management Information Systems (MIS) and ICT paramount importance: which strategy leads us to a healthy
implementation. MIS are about the functioning of the future? And, how should the various buisiness processes be
various systems (TPS, DSS, MIS, EIS) as management support organised so that they will run efficiently and effectively?
tools. ICT implementation consists of working with Access. And also, what kind of organisational structure makes all
business processes run smoothly? And last but not least, of
28 Study guide 2013-2014
what influence is the human factor (motivation, leadership) Literature: Wevers :A basic guide to international business
on all this? law
Publisher: Noordhoff
Learning goals:
1. Identify, analyse and understand customer needs and 15 Human Resource Management (3 credits in year 2)
An organisation can distinguish itself by its people. The
formulate an apropriate marketing solution (i.e. plan). quality of the employees, their enthusiasm and engagement
2. Gain insight in environmental influences, the process of largely influence the productivity and the continued
existence of the organisation. International differences will
strategy-making and the functioning of individuals, also play an important role (think about management
teams, management and leadership, business processes styles).
and organisational structures.
Learning goal:
Literature Marketing and Management 1.2: Burk-Wood: Designing a human resource management strategy, which
Marketing Plan Handbook contributes to the realisation of the desired (financial and
Publisher: Pearson non-financial) results.
Literature: reader
Literature Marketing and Management 2.1: Marcus &
Vandam: Organisation and Management 16 Research and Computer Skills
Publisher: Noordhoff (9 credits in year 1, 2 and 3)
In this course, emphasis lies on various research skills,
13 International Tax (5 credits in year 1) amongst which are research methodology, computer skills
In this course, the student acquires a thorough knowledge and statistics. This competency will return (and be assessed
of the background, the system and the contents of the rules indirectly as well) in other courses.
of the international tax laws. Emphasis lies on the fiscal
aspects of international activities of natural persons and Learning goals:
legal bodies. The subject is about the rules and treaties with 1. Development of research skills required to successfully
regard to prevention of double taxation, and the main
features of the tax systems in the Netherlands and other complete a bachelor’s thesis.
countries. Everyone who has successfully taken this course 2. Development of analytical (research) skills required to
can oversee the fiscal consequences of international
activities of citizens and companies, and understands the act as a financial professional in an international
attitude of governm ents in various countries with regard to environment.
taxation. Literature: Saunders: Research methods for business
students
Learning goal: Publisher: Prentice Hall
1. Formulating, presenting and accounting for relevant
17 Business Communication
fiscal overviews. (10 credits in year 1, 2 and 3)
2. Describing the financial consequences of tax law. In this course, we focus on business communication. That
Literature: Terra: European Tax Law is, oral communication in meetings, interviews and
Publisher: Elsevier presentations, as well as written communication in reports.
Communication within the company, as well as
14 International Law (3 credits in year 1) communication outside the company and in the society will
In this course, the student is given a thorough understand be addressed. For example, during year 2 we will focus on
ing of the background, the system and the content of the negotiating and during year 3 we will focus more on the
rules of international law. Emphasis lies on the legal aspects written and oral communication regarding a job application.
of international activities of natural persons and legal
persons. We will address, amongst other things, competitive Learning goals:
trading law and freedom of movement of goods. Business communication and effective communication
internal and external to an organisation.
Learning goal: Literature: reader
Prevent, analyse and solve legal problems
Study guide 2013-2014 29
18 Ethics (3 credits in year 2) proper behaviour and keeping track of time is self-evident.
In this course, we focus on personal performance within
ethical boundaries. Who am I (as an individual and as a Learning goals:
professional) and what are the most important values to 1. perform as a starting professional, under supervision
me? Are these values translated into a code of professional 2. reflect on own performance as a starting professional
standards? What are the consequences of these values on Literature: internship guide
my performance? How do these values relate to the
corresponding attitude in the level of groups, organisations 22 Minor (30 credits in year 3 or 4)
and the society? The students need to be able to perform a A cohesive and useful combination of course units that give
(self) reflection and give/receive feedback, in a practical added value to the future professional situation or follow-up
way. This course has topics in common with Sociology and study of the student. A minor can be focused on broadening
Cultural Anthropology. the student’s knowledge base, in-depth study or on moving
up to a scientific master.
Learning goals:
1. learning methodical and reflective thinking and acting Learning goal:
2. acquiring an understanding of social responsibility Broadening the student’s knowledge base or in-depth study
Literature: Blackburn: Ethics, a very short introduction to the qualifications of a starting professional.
Publisher: Oxford University Press Literature: manual
19 Business English (6 credits in year 1 and 2) 23 Graduation assignment (30 credits in year 4)
In this course unit, emphasis lies on speaking and writing The graduation assignment is a test of competency. The
the English language. We will work on grammar, syntax, student largely independently solves a problem in the
pronunciation, presentation skills and a business vocabulary. professional field. The student presents and defends his/
This course has a close connection to Business her Research and Advisory Report in front of a committee,
Communication. including the company coach and school coaches. The
student proves having the competencies of a starting
Learning goals: professional on the HBO-level (bachelor degree).
Business communication and effective communication
internal and external to an organisation in proper English. Learning goals:
Literature: Duckworth: Business Grammar and Practice 1. performance as a starting professional, working on a
Publisher: Oxford University Press
complex assignment
20 Mentoring/Portfolio (6 credits in year 1 and 2) 2. b eing able to account for the job activities, as a starting
In this course, students reflect on personal development,
study and the professional field. They map out which professional
competencies are needed for which future professional roles. Literature: graduation guide
Learning goals: Professional profile
1. acquiring insight in own personality
2. development towards the level of a starting professional A business economist is a financial jack-of-all-trades and the
Literature: manual financial specialist in the organisation. As a spider in the
web, he is involved in the decision-making processes in the
21 Internship (30 credits in year 3 or 4) field of all kinds of financial-economical decisions, such as
During the internship the student works independently on reducing the level of goods in stock, investments in new
professional tasks in a business organization. The student equipment, marketing new products, setting up new
applies the knowledge and skills he/she acquired at school. business locations, and introducing new production
In this practical situation, the student experiences the methods. Every time something like this needs to be done,
coherence between the various disciplines within the the financial specialist will calculate what its consequences
organisation. Under pressure of time, the student delivers will be. Many of these decisions have large implications for
the requested products. In this study-unit, the need for the entire organisation. The business economist therefore
has an advising role to the organisation’s management.
Often the business economist is responsible for the financial
flow of money in an organisation. He or she can operate
30 Study guide 2013-2014
independently in this situation. for example, support and advise organisations who start
Besides being involved in and responsible for financial- automating their adm inistration. If you like to work with
economical decisions, the business economist is responsible figures, you can easily start as a financial administrative
for the information transfer in an organisation. This means employee and grow into a controller job in which you can
he or she has to set up the organisation in such a way that manage the whole department. Do you like to organise?
all necessary data are collected, processed and translated Make sure to work with a larger company where they have
into a well-organized and clear management report. The several different jobs where more attention is paid to the
involvement with the management report also means that administrative organisation (organisation of the company)
the organisation often has to change to get the right
information in the right place. The financial specialist is Every organisation needs financial specialists: trading
therefore also an organisational improver. companies, production companies and service companies
In large organisations, the business economist is often a such as accountants’ offices, banks and insurance
specialist who carries out one of these tasks. In a smaller companies. Besides that, not only do the profit making
organisation, the financial specialist often performs many or organisations need financial specialists. So do non-profit
all of these tasks. organisations. Think (inter)national governments, monetary
authorities and non-governmental organisations.
Education profile
As mentioned above, the job activities are very diverse.
The fact that the financial specialist has to be able to Think:
function as ‘a spider in the web’, indicates that he or she has • cost issues (cost price)
to meet high level requirements of skills and knowledge! He • issues with annual statements of accounts (a company
or she has to be able to communicate with ease, but also
should be able to empathize with the issues of the has to publish its annual statement)
interlocutor. You have to have knowledge of what is • investment and financing issues
happening within the organisation. You need to know about • budgeting issues
the purchasing process, the production process, the sales • risk analysis (what could happen and if so, will we be
process, and you need to know how the organisation is
managed. The interlocutors can be working outside the prepared?)
organisation as well. You communicate as easily with the • cost-benefit analysis (do we make a profit?)
treasury as with the bank, the suppliers and the customers. • taxes and social insurance
You will know your facts speaking with any one of them. • management information provision (how did we do and
The versatility this asks from you can be seen in the study
programme as well: there are a lot of different competencies, what should we be doing next?)
in which the main tasks of the business economist can be • Information issues (what should the management
recognized:
• financial-economic decisions information look like?)
• information providing tasks • administrative systems (developing the organisation
• organisational design
structure)
Profession and professional field • internal auditing (how can we make sure that no money
The studies of Business economics / International Finance and products disappear and that all information is
and Accounting can be seen as one of the broadest study correct?)
programmes of all economic studies. • logistical issues (manage the transport of goods)
The nice thing is that you can colour in your own personal • quality issues (manage the organisation)
career path. Do you like to combine knowledge of business
economics with commercial aspects and contacts with Market developments
customers? Then you can, for example, work in an
accountancy office or a bank. Do you like to work with After several years of economic boom in which the economy
computers? Then combine your knowledge of business strongly increased, we have had to deal with a clear
economics and your fondness of computers in a job at a recession lately. At the moment there are signs of recovery.
software house and you become a consultant. You will then, Various research projects show that the job market will im
prove, however less than in the years of economic growth
which lie behind us. Nevertheless, the demand for
replacement of administrative / economic staff is so large
that the job market position of the financial specialist can be
considered good.
Study guide 2013-2014 31
7 Bachelor studies International
Finance and Accounting
Short Degree Programme (IFAS)
32 Study guide 2013-2014
Introduction ECTS), which should prove that you are able to complete
a research project and defend it.
The Short Degree Programme of International Finance
and Accounting normally lasts two years (120 ECTS). In Simply attending class and acquiring knowledge is not
addition to the two year programme, we also offer a enough. The internationally operating financial
one year Short Degree Programme (at least 60 ECTS). specialist is expected to know how to share this
This one year programme is specifically designed for knowledge with others and use this knowledge in the
students from our partner universities abroad. When world. Therefore, we train your soft skills, such as
you successfully complete one of these programmes, communication, negotiating, management skills and
you will obtain the title of Bachelor of Business project-based working for two years. Subjects such as
Administration. sociology and cultural antropology and human resource
management fit in well.
The programme distinguishes itself through its
attention to each individual student. You will study in a Admission requirements
class with a maximum size of 25-30 students and will
also work in smaller groups on assignments. Explicit GENERAL SAXION ENTRY REQUIREMENTS:
attention is paid to the individual student through • Students in all our international studies must
coaching. During your studies, you don’t have to do it
all by yourself. A coach will help you find your way in demonstrate that they have the ability, motivation
the Netherlands and in our School. He/she will also and determination to successfully complete the
supervise you in making sure you are successful in your programme.
studies and he/she will take a look at your future career • Students must have sufficient English language skills.
prospects together with you. In your work in the project For our International Finance and Accounting
groups and when writing your Research and Advisory programme the entry requirement is an academic
Report you are coached on content as well as on the IELTS of 6.0 or an equivalent in another language test.
process. • The student must be admissible to Higher Education
through a diploma of secondary education/high
Starting point school diploma with good results.
The curriculum is based on the Netherlands’ national SPECIFIC ENTRY REQUIREMENTS:
education profile. This guideline provides a description • Specific requirement for our two year programme
of the competencies and levels to which they have to be
achieved for all bachelor programmes in business (120 ECTS): a 3-year bachelor’s level in a related
economics. programme, with (at least) basic courses in the field
of financial & management accounting, finance,
In the first year of our Short Degree Programme, we management & marketing, personal computing and
work primarily on intermediate knowledge, which you (micro/macro) economics. An official subject
will need as a financial specialist. We will teach you to description of these courses and a list of grades must
look at economic relations, financial markets, currency be sent to our University.
markets, ethics, governance and international laws in • S pecific requirement for our one year programme (at
the field of economics, finance and accounting, from an least 60 ECTS): admittance to the one year programme
international perspective. Subjects such as financial is only possible for students from specifically
management, management accounting and marketing approved programmes of our partner universities.
will make sure that your level of general economic You should inquire at your home university about
knowledge is raised as well. Furthermore, we give you whether or not there is a partnership agreement. An
the chance to improve your English language and official list of grades must be sent to our University.
research skills.
Enrollment Procedure
In the second year you will get a more profound
knowledge in the subjects of accounting information To enroll for this programme, please visit the webpage
systems (AIS), auditing, management information https://app.studielink.nl/front-office/ or www.saxion.
systems and risk management. The programme will be edu for more information on our programmes.
completed by the Research and Advisory Report (15
Study guide 2013-2014 33
Year 3 Year 2 Year 1 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Curriculum courses and exams bachelor International Finance and Accounting Short Degree Programme (IFAS) 2013-2014
Exemptions
Exemptions
Business English 3.1 3 ec’s Research Skills 3.2 3 ec’s Business Communication 3.3 3 ec’s Business English 3.4 3 ec’s
n Exam: Business English 3.1 n Partial exam: Research Skills n Exam: Business Communication n Exam: Business English 3.4
3.3
report 3.2
n Partial exam: Research Skills exam 3.2
Ethics 3.1 3 ec’s Human Resource Management 3.2 International Law 3.3 3 ec’s International Taxation 3.4 3 ec’s
n Exam: Ethics 3.1 3 ec’s n Exam: International Law 3.3 n Exam: International Taxation 3.4
n Exam: Human Resource
Corporate Governance 3.1 3 ec’s Financial Accounting 3.4 4 ec’s
n Exam: Corporate Governance 3.1 Management 3.2 n Exam: Financial Accounting 3.4
Financial Management 3.2 4 ec’s
n Exam: Financial Management 3.2
Marketing & Management 2.1 3 ec’s International Financial Management 3.3 & 3.4 8 ec’s
n Partial exam: Marketing &
n Mid-Semester Exam: International n End-Semester Exam: International
Management report 2.1
n Partial exam: Marketing & Financial Management 3.3 Financial Management 3.4
Management exam 2.1
Management Accounting 3.1 & 3.2 8 ec’s Supply Chain Management 3.3 & 3.4 6 ec’s
n Mid-Semester Exam: Management n End-Semester Exam: Management n Mid-Semester Exam: Supply Chain n End-Semester Exam: Supply Chain
Accounting 3.1 Accounting 3.2
Management 3.3 Management 3.4
Year 4 Business English 4.1 3 ec’s Management Accounting 4.2 4 ec’s Accounting Information Systems 4.3 & 4.4 6 ec’s
n Exam: Business English 4.1 n Exam: Management Accounting 4.2
n Mid-Semester Exam: Accounting n End-Semester Exam: Accounting
Information Systems 4.3 Information Systems 4.4
Financial Management 4.1 4 ec’s Sociology & Cultural Antropology 4.2 MIS/ICT 4.3 3 ec’s Professional Development &
n Exam: Financial Management 4.1 3 ec’s Communication 4.4 3 ec’s
n Partial exam: Sociology & Cultural n Partial exam: MIS/ICT report 4.3 n Partial exam: Business
n Partial exam: MIS/ICT exam 4.3
Antropology report 4.2 Communication 4.4
n Partial exam: Sociology & Cultural n Partial exam: Professional
Antropology exam 4.2 Development IFAS
Auditing 4.1 & 4.2 8 ec’s Research Skills 4.3 3 ec’s
n Mid-Semester Exam: Auditing 4.1 n End-Semester Exam: Auditing 4.2 n Exam: Research Skills 4.3
Financial Accounting 4.1 & 4.2 8 ec’s Research & Advisory report IFAS 12 ec’s
n Exam: Research & Advisory
n Mid-Semester Exam: Financial n End-Semester Exam: Financial report IFAS
Accounting 4.1 Accounting 4.2
Oral defence research & advisory report IFAS 3 ec’s
n Exam: Oral defence research &
advisory report IFAS
n written exam/digital exam n report/portfolio n oral presentation n assessment
34 Study guide 2013-2014
Subject descriptions IFAS management (TQM, Six Sigma, etc.). The management
and reward style strongly depend on the cultural
1. Sociology and Cultural Anthropology background of the company.
This course is focused on social behaviour and the
economic structure of various people and cultures. We 6. Supply Chain Management & Logistics
will not only look at the differences between cultures, SCM is the principle that the functionality of business
but also the interaction (communication) between processes will improve through improvement of the
cultures and the social and economic problems that may cooperation with suppliers and customers. This is
result. What are the consequences for doing business supported by the use of IT-software, amongst which is
abroad? By doing assignments, we will be able to take a ERP. This course therefore has topics in common with
close look at various cultures. This course has common MIS/AIS. In addition, we will discuss JIT and Lean
ground with the communication courses. Manufacturing.
2. International Financial Management 7. Accounting Information Systems (AIS)
Knowledge of the international financial markets is very This course focuses on the quality of management,
important for many businesses that operate administrative and logistic information. This mainly
internationally. We will discuss, among other things, the includes the quality aspects of: effectiveness, efficiency,
functioning of exchange markets (exchange rate risk), reliability, availability and controllability. This implies
international banking, the role of inflation and interest, that the management of organisations needs purposeful
purchasing power parity, international investments and and reliable information to control business processes.
ways to limit international risks. This information needs to be available at the desired
times and needs to be subsequently verifiable. This
3. Financial Management means that requirements need to be determined with
Emphasis in this course is on issues of Investment and regard to the design, construction, implementation and
Financing. We will discuss: investment selection management of data systems, from which the
methods, the functioning of the stock exchange, management information emanates. This course
valuation of shares and bonds, risk measures, the therefore has a lot in common with MIS/ICT.
financing theory of MM, mergers/take-overs and the
functioning of derivatives (options, futures). What risks 8. Corporate Governance
are associated with investing abroad and mergers with Good business management is the responsibility of
(take-overs by) foreign companies? In addition, there is various corporate bodies. This course will address how
room in this course for a training in financial math. This they work together, monitor risks and report in financial
course has ground in common with International and non-financial publications. The various codes of
Financial Management. conduct in this area will also be discussed.
4. Financial Accounting 9. MIS/ICT
The Financial Accounting course is divisible into three As indicated by its name, this course unit is broken up
areas: into two parts: Management Information Systems (MIS)
Annual Accounting/Reporting, International Financial and ICT implementation. MIS are about the functioning
Accounting (about IFRS, US-GAAP and the different of the various systems (TPS, DSS, MIS, EIS) as
accounting traditions) and Business administration. We management support tools. ICT implementation
will also look at the accounting rules of some more consists of working with Access. There is a clear
‘exotic’ countries (such as Japan, Russia, Australia, etc.) connection between this course and Supply Chain
and the consequences for relevance, reliability and Management, Accounting Information Systems and
comparability of information in the Annual Report. Auditing.
5. Management Accounting & Control 10. Auditing
This course addresses planning and management Theory of auditing and corresponding risk management.
activities of business. Topics that will be discussed are: We will discuss, amongst other things: task acceptance,
expenses and net price, stock rating, performance organisation of an audit, material interest, inherent
assessment, budgeting and control, as well as quality
Study guide 2013-2014 35
risks, processoriented audits, statistical analyses, year- 16. Business Communication
end audit and various types of audit certifications. This In this course, we focus on business communication.
course unit connects with the course on MIS/ICT. That is, oral communication in meetings, interviews
and presentations, as well as written communication in
11. Marketing & Management reports. Communication within the company, as well as
This course addresses strategy-making, marketing and communication outside the company and in the society
the structure and organisation of international will be addressed.
businesses. Why are Asian companies so successful in
Europe, while many European businesses have difficulty 17. Ethics
expanding their activities in China and Japan? How do In this course, we focus on personal performance within
you launch a product abroad and for what price are you ethical boundaries. Who am I (as an individual and as a
going to sell? professional) and what are the most important values to
me? Are these values translated into a code of
12. International Tax professional standards? What are the consequences of
In this course, the student acquires a thorough these values on my performance? How do these values
knowledge of the background, the system and the relate to the corresponding attitude in the level of
content of the rules of the international tax laws. groups, organisations and the society? The students
Emphasis lies on the fiscal aspects of international need to be able to perform a (self) reflection and give/
activities of natural persons and legal bodies. The receive feedback, in a practical way. This course has
subject is about the rules and treaties with regard to topics in common with Sociology and Cultural
prevention of double taxation, and the main features of Antropology.
the tax systems in the Netherlands and other countries.
Everyone who has successfully taken this course can 18. Business English
oversee the fiscal consequences of international In this course unit, emphasis lies on speaking and
activities of citizens and companies, and understands writing the English language. We will work on grammar,
the attitude of governments in various countries with syntax, pronunciation and a business vocabulary. This
regard to taxation. course has a close connection to Business
Communication
13. International Law
In this course, the student is given a thorough 19. Research and Advisory Report
understanding of the background, the system and the The Research and Advisory Report is a test of
content of the rules of international law. Emphasis lies competency. The student largely independently solves
on the legal aspects of international activities of natural a problem in the professional field. The student presents
persons and legal persons. We will address, amongst and defends his/her thesis in front of a committee,
other things, competitive trading law and freedom of including the company coach (if applicable) and school
movement of goods. coaches. The student proves having the competencies
of a starting professional on the HBO-level (bachelor
14. Human Resource Management degree).
An organisation can distinguish itself by its people. The
quality of the employees, their enthusiasm and
engagement largely influence the productivity and the
continued existence of the organisation. International
differences will also play an important role (think about
management styles).
15. Research Skills
In this course, emphasis lies on various research skills,
amongst which are research methodology, computer
skills and statistics. This competency will return (and be
assessed indirectly as well) in other courses.
36 Study guide 2013-2014
Professional profile Education Profile
A business economist is a financial jack-of-all-trades Saxion works with competence-oriented and problem-
and the financial specialist in the organisation. As a guided teaching. This means that in your studies theory
spider in the web, he is involved in the decision-making and practical experience are interwoven together,
processes in the field of all kinds of financial-economical whenever possible. Things you learn in the morning
decisions, such as reducing the level of goods in stock, can be applied in the afternoon. This way we challenge
investments in new equipment, marketing new you to apply your theoretical knowledge all the time.
products, setting up new business locations, and You will do this individually as well as in international
introducing new production methods. Every time project teams.
something like this needs to be done, the financial
specialist will calculate what its consequences will be. Practical cases follow the theory which we offer you in
Many of these decisions have large implications for the a certain part of the semester, and vice versa. Therefore,
entire organisation. The business economist therefore it is possible that you have to put yourself in the
has an advising role to the organisation’s management. position of a consultant in the first unit and several
Often the business economist is responsible for the months later in the position of an accountant at a large
financial flow of money in an organisation. He or she office or as a financial specialist for a multinational. For
can operate independently in this situation. Besides a large franchiser, you may research the differences
being involved in and responsible for financial- between various countries. For a medium-sized
economical decisions, the business economist is company in a border town you may assess whether or
responsible for the information transfer in an not it is smart for them to hop over the border with
organisation. This means he or she has to set up the their business. What financial, fiscal and juridical
organisation in such a way that all necessary data are advantages will that bring them?
collected, processed and translated into a well-
organized and clear management report. The Together with your team mates you provide advice and
involvement with the management report also means analyses, in which we can recognize the international
that the organisation often has to change to get the operating business economist of the future. Can you
right information in the right place. The financial use the right knowledge and do you know how to
specialist is therefore also an organisational improver. transfer this into professionally presented advice?
In large organisations, the business economist is often
a specialist who carries out one of these tasks. In a We support you with lectures, practical classes,
smaller organisation, the financial specialist often seminars, (management) games and excursions. At the
performs many or all of these tasks. end of every semester/quarter your knowledge is
tested extensively.
Study guide 2013-2014 37
Profession and professional field Market developments
When you have graduated, you hold the title of Bachelor After several years of economic boom in which the
of Business Administration. This will give you an economy strongly increased, we have had to deal with
excellent entrance on the international labour market: a clear recession lately. At the moment there are signs
as a policy advisor with the European Union, at a bank of recovery. Various research projects show that the job
in Hamburg, London or Paris, financial specialist for a market will improve, however, less than in the years of
multinational company. It may all well be written on economic growth which lie behind us. Nevertheless, the
your business card later on. But our studies give you demand for replacement of administrative / economic
great job opportunities in your own country as well. staff is so large that the job market position of the
financial specialist can be considered good.
Would you like to study on? That is possible too. You are
welcome to do your Master’s in business administration
or finance and accounting at almost every university in
and outside Europe.
As mentioned above, the job activities are very diverse.
Think:
• cost issues (cost price)
• issues with annual statements of accounts (a
company has to publish its annual statement)
• investment and financing issues
• budgeting issues
• risk analysis (what could happen and if so, will we be
prepared?)
• cost-benefit analysis (do we make profit?)
• taxes and social insurance
• management information systems (how did we do
and what should we be doing next?)
• information issues (what should the management
information look like?)
• administrative systems (developing the organisation
structure)
• internal auditing (how can we make sure that no
money and products disappear and that all
information is correct?)
• logistical issues (manage the transport of goods)
• quality issues (manage the organisation)
38 Study guide 2013-2014
Important telephone numbers & (e-mail) addresses
SCHOOL OF FINANCE AND ACCOUNTING SAXION UNIVERSITY OF APPLIED SCIENCES
Frontoffice IFAS Saxion Deventer
T +31 (0)570 603036 Handelskade 75, 7417 DH Deventer
E [email protected] P.O. Box 501, 7400 AM Deventer
T +31 (0)570 - 603 663
Frontoffice IFA F +31 (0)570 - 603 123
T +31 (0)53 487 1478
E [email protected] Saxion Enschede
M.H. Tromplaan 28, 7513 AB Enschede
School office internship and graduation P.O. Box 70.000, 7500 KB Enschede
E [email protected] T +31 (0)53 - 487 11 11
F +31 (0)53 - 431 22 33
Exam committee (examination board)
E [email protected] Saxion International Office
T + 31 (0)570 - 603 789 (Deventer)
School of Finance and Accounting website T +31 (0)53 - 487 15 08 (Enschede)
I www.saxion.nl/fem E [email protected]
I www.saxion.edu
Facebook Academie F€M
I www.facebook.com – Saxion Academie FEM Saxion Information Centre
T +31 (0)570 - 603 700
Twitter E [email protected]
I www.twitter.com/saxionfem
Student Desk Deventer
T +31 (0)570 - 603773
E [email protected]
Student Desk Enschede
T +31 (0)53 - 4871808
E [email protected]
Study guide 2013-2014 39
Saxion Enschede Saxion Deventer Saxion Informatie Centrum
M.H. Tromplaan 28, 7513 AB Enschede Handelskade 75, 7417 DH Deventer T 0570 - 603 700
Postbus 70.000, 7500 KB Enschede Postbus 501, 7400 AM Deventer E [email protected]
T 053 - 487 11 11 T 0570 - 603 663 I www.saxion.nl
F 053 - 431 22 33 F 0570 - 603 123
40 Study guide 2013-2014
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Study guide 2013-2014 7 Active in all areas Saxion works together with other universities of applied science on a collective, regional assortative policy.
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Study guide - Saxion University of Applied Sciences
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