A. DESCRIPTION OF UNDERGRADUATE FINANCE PROGRAM CURRICULUM CLASS 2011

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1 A. DESCRIPTION OF UNDERGRADUATE FINANCE PROGRAM CURRICULUM CLASS 2011 The FINANCE undergraduate program curriculum has been designed to be aligned with CFA Program Candidate Body of Knowledge which is accepted and applied by investment professionals around the world without eliminating PMBS core courses. During the 4-year program, the curriculum consistently and gradually includes four aspects of finance expertise: ethics and general business, accounting and quantitative methods, finance theory, and research. The curriculum of undergraduate business program is divided into three major courses. They are: Ethics and General Business Courses, Tools: Accounting and Quantitative Methods Courses, and Finance Courses. Finance Courses consists of Basic and Specific Finance Courses. Ethics and general business courses which characterize Prasetiya Mulya values will be offered in constant proportion throughout the 4-year program. Accounting and statistics courses will be given primarily during the first and second year to make sure students fully prepared to take finance courses which require a lot of quantitative skills and deep understanding of accounting principles. During these first two years, basic finance courses such as corporate finance, investment, and bank management will also be introduced. Finally, students will conclude the program in the last year by conducting an in-depth research on a specific finance, investment, or banking topic. B. OBJECTIVES The curriculum blends theoretical fundamentals and practical applications to fulfill the 4 (four) objectives: 1. To encourage more intense interaction among students and Faculty Member 2. To encourage learning process and emphasize the implementation of financial management concept 3. To encourage learning process which build value and attitude accepted not only in financial industry community, but also in family and society environment 4. To encourage learning process with international atmosphere 1

2 C. COURSE DISTRIBUTION Year I/(Smt.1) Code Course Title SKS Prerequisite FBEC5201 Business Communication FBEC5202 Reading & Writing FEKN5201 Introductory Economics FOPR5201 Business Mathematics FGEN5102 Civics Education FMJN5201 Introduction to Business & Management FAKI5201 Introductory Financial Accounting FGEN5201 Personal Development Year I/(Smt.2) Code Course Title SKS Prerequisite FBEC5203 Business Communication 2 2 Business Communication 1 FFIN5300 Introduction to Capital Markets FEKN5202 Microeconomics 3 Introductory Economics FOPR5203 Introductory Statistics 3 Business Mathematics FGEN5103 Civilization of Pluralism FAKI5301 Introductory Managerial Accounting 3 Introductory Financial Accounting FFIN5301 Financial Management 1 3 Introductory Financial Accounting FGEN5501 Community Development Project Year II/(Smt.3) Code Course Title SKS Prerequisite FBEC5204 Business Communication 3 2 Business Communication 1 FEKN5203 Macroeconomics 3 Introductory Economics FOPR5204 Business Statistics 3 Introductory Statistics FFIN5302 Financial Management 2 3 Financial Management 1 FFIN5303 Taxation 3 Introductory Financial Accounting FGEN5104 Religious Studies FMJN5403 Leadership

3 Year II/(Smt.4) Code Course Title SKS Prerequisite FBEC5206 Business Communication FMJN5301 Human Resource Management 3 Introduction to Business and Management FOPR5301 Operations Management 3 Introduction to Business and Management; Business Statistics FFIN5307 Investment 3 Financial Management 2, Introduction to Capital Markets FAKI5203 Financial Statement Analysis 3 Introductory Financial Accounting FFIN5308 Introduction to Econometrics 3 Business Statistics FMKT5301 Marketing Management 3 Introduction to Business and Management 20 Year III/(Smt.5) Code Course Title SKS Prerequisite FBEC5205 Business Communication FFIN5313 Business Valuation 3 Investment FAKI5202 Intermediate Financial Accounting 3 Introductory Financial Accounting FFIN5315 Bank Management 3 Financial Management 2 FFIN5304 Personal Finance 3 Financial Management 2 FMJN5402 Corporate Responsibility and Ethics FFIN5201 Analysis of Indonesian Economics 3 Microeconomics, Macroeconomics 19 Year III/(Smt.6) Code Course Title SKS Prerequisite FIPP5206 IELTS PROFICIENCY PREPARATION I FFIN5310 Derivative Securities 3 Investment FFIN5309 Bond Management 3 Investment FMJN5404 Decision Analysis 3 Business Statistics Finance Elective I atau 3 Financial Management 2 FFIN5321 Finance Internship Program 3 FOPR5302 Management Information System FGEN5502 Community Development Project 2 4 Community Development Project

4 Year IV/(Smt.7) Code Course Title SKS Prerequisite FIPP5207 IELTS Proficiency Preparation 2 2 IELTS Preparation 1 FFIN5306 Finance Research Method 3 Financial Management 2 FSTA5301 Strategic Management 3 Financial Management, Operation Management, Marketing Management, Human Resource Management FFIN5305 Legal Issues in Indonesian Capital Market 3 Financial Management 2 Finance Elective II 3 Financial Management 2 Finance Elective III 3 Financial Management 2 FFIN5203 Asset Management 3 FGEN5202 Business Law 2 22 Year IV/(Smt. 8) Code Course Title SKS Prerequisite FGEN5503 Final Project (Group Research in Finance) 6 Finance Research Method Total SKS FINANCE ELECTIVE COURSES The Elective courses offered may be vary. The following are example of elective courses offered: Code Course Title SKS Prerequisite FIN5314 Financial Risk Management 3 Business Creation FIN5316 Sharia Financial management and marketing 3 Business Creation FIN5318 Advanced Corporate Finance 3 Business Creation FIN5319 Behavioral Finance 3 Business Creation FIN5311 International Finance 3 Business Creation FIN5320 Portfolio Management 3 Business Creation 4

5 FIN5312 Corporate Tax Management 3 Business Creation FIN5317 Corporate GOVERNANCE 3 Business Creation D. COURSE DESCRIPTION FBEC 5201 BUSINESS COMMUNICATION 1 In this course, students will learn how to communicate in English. Cases and situations will be presented and students will be expected to discuss, negotiate and solve problems. This course will be conducted in English. a. To introduce students to English as it is used in business situations. b. To develop students confidence in communicating using the four skills in English. c. To lay the foundations for further skills work in the language FBEC 5202 READING AND WRITING This course discusses critical knowledge for using Indonesian language as one of important communication means. Give the fact that the language is dynamic; it requires better skills to know the proper ways to use it. a. To be able to recognize the common mistakes in using Indonesian language b. To be able to communicate ideas effectively in writing c. To be able to use the language properly in daily life Introduction, style, and harmony in Bahasa; Spelling and terminology; Choice of words, effective sentences; Types of article: description, narration, exposition, argumentation; Writing convention; Quoting; Footnote; Bibliography; Topic selection and data collection; Data processing and synthesis; Editing 5

6 FEKN 5201 INTRODUCTORY ECONOMICS This course introduces the students to the concepts and theories of economics. The foundation provides a general knowledge of markets and how they function in our economy system. a) To transform the knowledge of economics foundation to students combined with hands-on experience from best practices. b) To understand the basic relation of economics to practical fields c) Students are able to comprehend the issues stated in media: kompas and business Indonesia newspapers Basic Concepts; Microeconomics: Supply, Demand, and Product Markets; Factor Markets: Labor, Land, and Capital; Applied Microeconomics: International Trade, Government, and the Environment; Macroeconomics: Economic Growth and Business Cycles; Economic Growth and Macroeconomic Policy; Unemployment, Inflation, and Economic Policy FOPR 5201 BUSINESS MATHEMATICS This introductory mathematics course is specifically designed for students of business and management. In this course students will be exposed to and practiced with the use of logical and quantitative reasoning in making rational decisions in the context of business. The emphasis of this course is on the development of a sound mathematical model. 1. To get a better understanding of mathematical concepts and tools for business decision problems. 2. To get equipped with the ability of conceptually modeling business problems and solving them mathematically. Mathematical preliminaries; Static or equilibrium analysis: Linear models and matrix algebra; Comparative-static analysis: Differentiation and applications; Optimization problems: 6

7 Introductory linear programming, exponential and logarithmic functions; Dynamic analysis: Differential Equations and Integration; Mathematics of Finance: interests, single payment, annuities, cost-benefit analysis FGEN 5102 CIVICS EDUCATION In this course, students will learn to develop students participation and increase their sensitivity in community problems. This course also gives students an understanding in civil rights as the basic concept of nationalism, which focuses on civil rights in relations with civil liberties. a. To present the national value based on pluralism b. To understand the importance of civil rights in a political system c. To understand how the concepts relates in national development Introduction to Civics Education; Nationalism ethics and moral; Democracy and Human Rights; Ideology; Indonesian society and culture; The Archipelago concept; Government and Law; Civil Liberties; Civil Rights and National Development of Indonesia FMJN 5201 INTRODUCTION TO BUSINESS AND MANAGEMENT This course introduces Business and Management concepts and challenges the students to gain an understanding of the application of the concept in real practice. Business world has changed significantly due to the revolution in communication, information, transportation, operations technology, globalization and free trade. Recently, the business competition has increased tremendously, and it will increase more in the near future. Business managers and entrepreneurs are forced to develop creative ways to win business competition. Business 7

8 students have to know the basic concepts in Business and Management and how to apply it in the company. 1. Understand the basic concepts of Business and Management 2. Understand the daily activities of people at work 3. Know the application of the concepts in the real world 4. Use the concepts to make business decisions FAKI 5201 INTRODUCTORY FINANCIAL ACCOUNTING This course introduces students with the concepts and theories that are fundamental to the use of accounting in business. Business transactions could be very dynamic, but the fundamental concepts of accounting theories remain the same. Therefore, it is important for students to understand deeply the fundamental accounting concepts in order to prepare, analyze and interpret corporate financial statements. a. Understand the basic financial accounting principles and the accounting cycle. b. Prepare general purposes financial statements and understand the relationships between the statements. c. Prepare and analyze financial statements, especially for service and merchandising companies. d. Understand the basic recording concepts of major accounts related to financial statements, such as cash, receivables, long-lived assets, payables and stockholders equity. Introduction : Overview of Financial Statements; Balance Sheet Concepts and Accounting Process; Income Statement Concepts and Accounting Process; The Accounting Cycle; Timing of Revenue Recognition; Statement of Cash Flows; Cash and Receivables; Inventories Cost Methods; Long-Lived Assets; Present Value; Bonds and Mortgages; Leases Companion Manual; Shareholders Equity; Intercorporate Investments; Financial Statement Analysis 8

9 FGEN 5201 PERSONAL DEVELOPMENT This course is structured to help students develop appropriate mind-set and prepare them for the business study in Prasetiya Mulya. Also develop attitudes directed towards professionalism and personal skills needed to be future business champion. The areas to be developed refer to 5-Dimensions for S1 Prasetiya Mulya Students : analytical ability, personal maturity, communication skill, interpersonal relationship, and achievement in oriented to business. This course also contains projects, workshops and activities designed to help students experience the skills in real situations. Students are asked to reflect the experience and learn from it to develop their own personal growth. The class will be handled by the Student Affairs Division Team, with psychological and human resource management background. Guest lecturer and other speakers will be invited to share knowledge and experience in some workshops. To learn to know and understand more about themselves : their strengths and weaknesses, and how to adjust and develop themselves, and their interpersonal skills To learn the effective ways of learning (reading skill, writing skill, enhance memory skill) To develop positive character and attitudes to be able to adapt and deal with many situations FBEC 5203 BUSINESS COMMUNICATION 2 In this course, students will learn how to communicate in English. Cases and situations will be presented and students will be expected to discuss, negotiate and solve problems. This course will be conducted in English. a. To introduce students to English as it is used in business situations. b. To develop students confidence in communicating using the four skills in English. 9

10 c. To lay the foundations for further skills work in the language. FFIN INTRODUCTION TO CAPITAL MARKETS This introductory course offers an overview of what a capital market is and how an investor may use the various capital market instruments for investment opportunities and to diversify risk. FEKN 5202 MICROECONOMICS This course discusses economic concepts in the level of the customer, firm, and individual market place. It is to build the fundamental understanding as to how markets operate. a. To build fundamental, conceptual thinking through the frameworks of Microeconomics theories. b. To develop analytical skill by employing Microeconomics models in approaching, identifying, explaining, and constructing conclusions for basic managerial problems. Thinking like an economist; Comparative advantage: the basis for exchange; Supply and demand: an introduction; Efficiency and exchange; Demand: the benefit side of the market; Elasticity; Perfectly competitive supply: the cost side; The quest for profit and the invisible hand; Monopoly and other forms of imperfect competition; Thinking strategically; The economics of information; Externalities and property rights; Environment, health and safety; Public goods; Labor markets and the distribution of income; International trade. FOPR 5203 INTRODUCTORY STATISTICS Introductory statistics is a basic course in statistical reasoning and analysis, and the foundation for statistical decision making. 10

11 The goal of this course is to develop tools for data analysis, probability and statistical method. a. To Summarize data with frequency distributions and graphic presentation b. To Calculate and interpret descriptive statistics c. To Define and interpret probability d. To Utilize discrete and continuous probability distributions to determine probabilities e. To Apply the central limit theorem to determine probabilities of sample means f. To Calculate and interpret point estimates and construct confidence interval g. To Conduct hypothesis tests for one and two means and proportions using small and large samples FGEN 5103 CIVILIZATION OF PLURALISM In this course, students will learn to develop student s understanding in ideology of Pancasila as an open ideology and it s values to increase their national identity as a basic of understanding in an importance of local genius in a sustainable development. This course also gives students an understanding in globalization issues, likes clash of social based on economy and religion different, the urgency of pluralism and tolerance to develop a civil society in Indonesia. a. To understand the origin of Indonesian people and their culture b. To understand how the ideology of pancasila and its challenge in a future. c. To present the globalization issues, like clash of social based on economy and religion different, the urgency of pluralism and tolerance to develop a civil society in Indonesia Nationalism; Pluralism in Indonesia; Bhinneka Tunggal Ika concept; Competitive factors from pluralism 11

12 FAKI5301 INTRODUCTORY MANAGERIAL ACCOUNTING This course introduces students with the concepts and theories of managerial accounting. Specifically, this course will emphasize the use of accounting information in planning and controlling a business and in supporting management decisions. Since goods and services produced by different companies vary substantially, there is no one accounting system or alternative superior to others. Therefore, it is important for students to understand not only the system of collecting, organizing, processing and reporting economic data using different accounting systems, but also the logic behind different alternatives chosen. Understand how economic information being used in order to design an accounting system to collect and report the information needed. Understand the techniques and methods developed in management accounting, especially the logic behind those methods. Prepare managerial accounting reports using different techniques and methods developed in management accounting. Understand how accounting system works in order to use the reports appropriately. Cost behavior and forecasting; Cost-volume-profit analysis; Decision analysis; capital budgeting; Cost application and allocation systems; Variable, throughput and activity-based costing; Budget preparation and variance analysis; Segment reporting and performance evaluation FFIN FINANCIAL MANAGEMENT 1 The ultimate goal of financial management is to maximize the market value of the owner s equity without ignoring legal and ethical business practices. This first part of Financial Management course introduces students to the principles of financial management from the operation s point of view. 12

13 Some topics which will be explored include Risk and Return Analysis, Time Value of Money and Discounted Cash Flows, Introduction to Cost of Capital, Capital Budgeting, Cash and Receivable Management, Leasing and Long Term Financial Planning and Growth. FGEN 5501 COMMUNITY DEVELOPMENT PROJECT (1) This course aims to make students understand the concept of company and environment as one entity. As the business growth, the companies are responsible to the environment as their stakeholder and develop their community welfare. This course intends that the students be able to develop a project to increase the community welfare. a. To make students aware of the community needs b. To generate and organize social activity for the community welfare FBEC 5204 BUSINESS COMMUNICATION 3 In this course, students will learn how to communicate in English. Cases and situations will be presented and students will be expected to discuss, negotiate and solve problems. This course will be conducted in English. a. To develop students ability to communicate in English in a variety of business settings. b. To develop students confidence in communicating using speaking, listening, reading and writing skills in English. FEKN 5203 MACROECONOMICS This course introduces students on how the aspects of various macroeconomics work. Students will examine how consumer and business practices affect and are affected by the current and future condition of Indonesia, and also look for the future 13

14 as well. Students will analyze how the government's monetary, fiscal, and trade policies affect, and are affected by macroeconomic conditions. a. To develop a strong conceptual foundation of macroeconomics theory b. To have the ability in applying the concepts to management problems National income accounting concepts; Classical macroeconomics; Keynesian macroeconomics; Inflation and unemployment; Business cycle analysis (neo-classical and neo- Keynesian); Open-economy macroeconomics; Comparative economic systems FOPR 5204 BUSINESS STATISTICS The course will cover inferial statistics, regression modelling and forecasting techniques. It was designed to business school students who have taken an introductory statistics course. 1. Understand statistics as a tool for data analysing 2. Apply regression analysis to business data using statistical softwares 3. Understand and interpret the result of regression analysis 4. Use several forecasting techniques to predict demand. Course Introduction and Descriptive Statistics; Measures of Central Tendency and Dispersion; Index Numbers and Price Indices; Introduction to Probability Theory; Probability Theory; Means and Variance of Random Variables; Binomial and Poisson Distributions; Continuous Probability Distributions; Sampling Theory; Estimation; Hypothesis Testing; Goodnessof-Fit and Independence Tests; Introduction to Regression Analysis; Hypothesis Testing and Prediction in the Simple Linear Regression Model; Introduction to the Multiple Regression Model 14

15 FFIN FINANCIAL MANAGEMENT 2 This second part of Financial Management course introduces students to the principles of financial management from the financing and investment s point of view. Some topics which will be explored include Capital Structure, Raising Capital (Equity, IPO, Bonds and Bonds Offering, Bank Loan and Loan Proposal), Capital Budgeting, and Capital Rationing, as well as the issues of Mergers and Acquisitions. FFIN 5303 TAXATION This course provides the understanding in and application of taxation in Indonesia. a. To provide an overview of tax law in Indonesia b. To provide the skills of tax management c. To be able to calculate the taxable income and payment Basic principle of taxation; Tax categories and differences; Regional tax and regional retributions; General rules, terms, and definition; Tax collection; the subject and object of tax; Tax institutions; Tax dispute settlement; Tax investigation FGEN 5104 RELIGIOUS STUDIES This course introduces the students to the different perspective of moral from each religion in Indonesia. This course aims to teach students on how religious set of mind is applied to business and management. a. To learn about different perspective of moral and ethics from each religion b. To be able to apply the moral and ethics in society and business 15

16 FMJN 5403 LEADERSHIP This course introduces students about leadership and group dynamics. Students will develop how to be a leader, practice the communication skills, work in groups, and strengthen the sense of community. a. To understand the concept of leadership and team work b. To enhance the ability to work effectively in groups c. To recognize how leadership skills are developed d. To learn how to choose the most appropriate leadership style Leader and Leadership; Effective and ineffective moral and evil leadership; Ethical and moral constraint of leadership; Cognitive factors of effective leadership: charisma, influence, power, vision, and creativity; Group dynamics; Communication; Interpersonal relationship; Managing conflict; Managing change: the major leadership challenge of the future FBEC5206 BUSINESS COMMUNICATION 4 In this course, students will learn how to communicate in English. Cases and situations will be presented and students will be expected to discuss, negotiate and solve problems. This course will be conducted in English. a. To develop students ability to communicate in English in a variety of business settings. b. To develop students confidence in communicating using speaking, listening, reading and writing skills in English. FMJN 5301 HUMAN RESOURCE MANAGEMENT Managing human capital in the new economy is a challenge for all business professionals. This course introduces students to HRM basic aspects, both from theoretical point of view as well as its practical application. Students will learn not only from books, cases and internet, but will also discuss real life issues 16

17 such as factors affecting employee motivation and performance, effective versus ineffective selection tools, problems of performance appraisal, legal aspects of HRM practices etc, through their Real Business Activities. During this semester, student will run their real business under BSTA 5501 Small Business Project subject, whereas this course has relation with that subject. The project assignment will be based on the student activity in their real business. a. Understand the basic concepts of Human Resource Management (HRM) b. Identify and address problems in the implementation of HRM functions in organizations c. Provide solutions to basic HRM problems taking relevant factors into consideration d. Present ideas to increase HRM effectiveness and efficiency e. Consider legal and ethical issues in HRM The concept of human resource management; The strategy of human resource management; New organizational structure; Social changes that influence employee issues and concerns; The legal environment; Demographic trends; Job analysis; Job description; Recruitment and selection; Training and development; Career development; Compensation; Performance appraisal; Global competition FOPR 5301 OPERATIONS MANAGEMENT The operations function is responsible for providing the product or service offered by a business. It is the very reason a business exists. Therefore, it is vital for business students to have a basic understanding of how the operations department functions and the interface between the operations department and the other departments of a business. The primary objective of this course is to equip you with analytical tools, concepts and techniques required to solve business problems pertaining to Operation of a firm. In addition, this course seeks to develop your skills in constructing 17

18 conceptual frameworks to solve the problems of an organization in the existing business environment. a. To understand the concept of operations management b. To understand how operation functions contribute the accomplishment of corporate strategy Capacity management; Facility location, design and layout; Cycle time management; Material requirements planning; Supply chain and logistics management; Forecasting; Quality management; Manufacturing; Just-in-time operations; Timebased competition FFIN INVESTMENT This course will develop techniques to value financial assets which have two properties: characteristics extend across time and payoffs depend upon the resolution of uncertainty. The topics will cover the Notions of Investment, The Essence of Financial System, Financial Securities (Money Market Securities, Fixed Income Securities, Equity Securities, Derivative Securities), as well as Markets and Market Structure. FAKI FINANCIAL STATEMENT ANALYSIS The course will focus on analyzing a company financial report, more specifically companies that are listed on the Indonesia Stock Exchange (IDX). The topics will cover various techniques of financial statement analysis This course required students to apply their studies into analytical thinking process, creating a comprehensive financial statement analysis report and get an insight from various sectors of industries by attending the presentation of their fellow students. 18

19 FFIN INTRODUCTION TO ECONOMETRICS In this econometrics course the economics theory, statistics, mathematics, and research philosophy are blended to measure economic relationships. Students learn to define research problem, construct a logical system of behavior or model to achieve the research objective and use a sample data to test the hypothesis proposed by the economic model. Topics which will be covered include Least Squares Regression Theory, Multiple Least Squares Regression, Correlation, Distribution Theory and Hypothesis Testing, Problems Encountered in Econometrics such as Multicollinearity, Heteroscedasticity and Autocorrelation, as well as the topic of Time in Regression. FMKT 5301 MARKETING MANAGEMENT This course introduces students to the broad discipline of marketing. It encompasses marketing s role in a dynamic business environment and introduces students to concepts and strategies employed by marketer in facing the challenges presented by the ever-changing world of business. The aim of the course is to provide student with the conceptual skills necessary to identify and solve marketing problems. This course provides a foundation for those students seeking to pursue further study in marketing; however it covers broad scope of marketing for those students undertaking only one marketing course. a. Explain the key concept upon which the practice of marketing is based b. Recognize these concepts in the market place and everyday life c. Appreciate of the role and influence of marketing in the organizational environment. d. Develop an understanding of how key concepts can be used in analyzing a range of marketing problems. 19

20 Managing marketing resources; Managing marketing mix and other strategic considerations; Setting the right structure and system for marketing; Organization culture and marketing; Entrepreneurship and marketing; International dimensions of marketing; Marketing, ethics, and social responsibility; Evaluating of marketing performance FBEC 5205 BUSINESS COMMUNICATION 5 The course will focus on Business Writing, Presentation and Introduction to IELTS II. The topics will cover varieties of business writings such as; formal letter, interoffice memo, e- mail and reports and emphasize on preparing and planning presentation, do presentation, and taking notes in a meeting. The course will also include further introduction of IELTS. Several quizzes would be held during the class sessions. Both quizzes and assignments are combined making 20% of total student marks Upon the completion of this course, students are expected to understand and to be capable of writing business letters in various business context. Students will be able to give a presentation based on a business report they have prepared. In additiion they will be able to hold meetings, and write up the minutes of meetings. The second half of the semester the course will focus on Introduction to IELTS II. Students through this course will have a better knowledge of all formats in the IELTS test and the 4 skills ( Listening, Reading, Speaking & Writing ). FFIN Business Valuation This course is designed to provide an introduction to the concepts of business valuation or security analysis. The class will focus on the fundamental aspect of analysis by introducing students with the concepts of intrinsic value and going into 20

21 considerable details in how to measure this intrinsic value by applying corporate or entity valuation model. Each student will be asked to conduct a valuation project of a certain public company. FAKI INTERMEDIATE FINANCIAL ACCOUNTING This course is continuation of Financial Accounting course, which is being a prerequisite of thic course. The main purpose of financial reporting is to provide quantitative information that is intended to be useful in making economic decisions. This course explains the significance of the accounting conceptual framework in outlining the qualities of good accounting information, defining terms such as asset and revenue, and providing guidance about appropriate recognition, measurement, and reporting. This course also explains how to prepare the Statement of Cashflows and develops principles and techniques of accounting for business combination, consolidations, and relationship between home office and branch. 1. Explain the function of accounting standards and describe the role in setting these standards in the United States and in Indonesia. 2. Understand the significance of the accounting conceptual framework in outlining the qualities of good accounting information, defining terms such as asset and revenue, and providing guidance about appropriate recognition, measurement, and reporting. 3. Explain how to prepare the Statement of Cashflows 4. Understand the accounting concepts of business combination 5. Understand the accounting concepts of stock investment 6. Understand the accounting concepts of consolidation and its procedures and techniques 7. Explain the indirect and mutual holding and its accounting 8. Understand the home office and branch relationship and its accounting and financial reporting 21

22 FFIN BANK MANAGEMENT This course will introduce students with the basic understanding of banking industry. The topics which will be covered include banking products, bank performance measurement analysis, bank liquidity management, banking regulations as well problem loans and banking crisis. The course will also acquaint students with the international requirements of implementing BASEL III in the banking industry. It will also explain the role of Indonesian Banking Architecture (API) as a comprehensive basic framework for the Indonesian banking system which outlines the direction and structure of the banking industry for the next five to ten years. FFIN PERSONAL FINANCE In this course, students will study various topics in individual financing decisions such as the development of personal financial goals, determination of personal income sources, and identification of saving and consumer spending patterns. Some techniques in achieving financial goals will be discussed such as investment in real property, insurance, financial investment, tax and retirement plans. FMJN 5402 CORPORATE RESPONSIBILTY AND ETHICS This course introduces student the theories of business responsibility from multi-disciplinary and managerial perspective. To strengthen the ability of students to anticipate, critically analyze and appropriately respond to some of the critical ethical and social challenges that confront managers in a global economy. Principles of business ethics; Personal and corporate integrity; Managing an ethical workplace; Managing value conflicts and stakeholder claims in the global economy; Profitability versus 22

23 corporate responsibility; Product responsibility and customer satisfaction; Employee welfare and development; Corporate responsibility for Human Rights and the Environment; Corporate philanthropy and image FFIN 5201 ANALYSIS OF INDONESIAN ECONOMICS Indonesia, with the population almost 250 million, is facing dynamic challenges in economic development to improve its welfare and its role as a major player in the regional and global economy. The course provides a blend of descriptive information and empirical analysis to understanding recent economic development in Indonesia. Theoretical analysis forms an essential part of the course and requires knowledge of microeconomics and macroeconomics. Students will work with actual macroeconomic data to get sense what is going on in Indonesia's economic development. FIPP 5206 IELTS PROFICIENCY PREPARATION I In this course, Students will learn how to prepare themselves effectively to face the various aspects of the International English Testing System (IELTSTM) Objectives: To familiarize students with the four (4) skills in English, Reading, Listening, Writing and Speaking Skills. To lay the foundations for taking the IELTSTM test. To develop Students confidence in Communicating using the fours (4) skills in English. FFIN DERIVATIVES SECURITIES This course provides more advanced topics of options, futures and other derivative securities. The topics will include option valuation models, principle of forward and futures pricing, market structure for derivatives, and strategies for hedging. 23

24 FFIN BOND MANAGEMENT The course provides students with a fundamental understanding of bonds and the bond market. The course will focus on the theories explaining the level of interest rates and the mathematics of bond pricing. Some topics which will be covered include term structure of interest, bond pricing and bond portfolio strategies. The course also analyzes operation of bond market and the importance of innovations in debt securities. FMJN 5404 DECISION ANALYSIS Decision analysis has the ultimate aim of helping decision makers with real-world choices. This course introduces students to the theory and practice of decision analysis. We will study the tools and methods that the decision analysis use, with the emphasis on understanding where these tools and methods come from. 1. Learn basic decision analysis tools and methods 2. Develop familiarity with central topics and issue in decision analysis by studying classic articles 3. Learn about the current state the field, current research issue, and hot topics by studying current articles. FOPR 5302 MANAGEMENT INFORMATION SYSTEM This course introduces students to the analysis, design, and implementation of information systems used to assist organizations in decision making. Emphasis is placed on the systems approach to decide what information is needed and how it should be collected, organized, and stored. The impacts of information systems upon the organization structure are examined, and attention is focused upon recent developments in information technology. 24

25 a. To understand information systems concepts and their application to organizations b. To be able to classify and categorize types of information systems based on the types of function they support c. To know the various approaches to information systems development FGEN 5502 COMMUNITY DEVELOPMENT PROJECT 2 This course will enhance students to increase community welfare through a collaborated-work between students and the community. 1. To equip student with ability as a value creator in business/social community 2. To understand the steps on how to develop people such as identifying the business potential idea and then sharing this idea with community to realize it. The key point is the student would be a trigger in this community to increase their welfare through resource-based empowerment. FIPP 5207 IELTS PROFICIENCY PREPARATION 2 This course is the continuation of the IELTS Proficiency Preparation I. The course will focus on enhancing student s ability in the four skills (Reading, Writing, Listening, and Speaking) of the International English Language Testing System and thus prepare them to be able to deal with the various aspects of language in the test format. The course challenges the students to progress in the 4 skills in IELTS test (Reading, Writing, Listening and Speaking),. It aims to enhance the students proficiency in doing the IELTS Test enabling the students to achieve the desired score of 6.5 in the IELTS test 25

26 FFIN FINANCE RESEARCH METHOD This course is intended to equip students who plan to take final research project in finance area (a.k.a skripsi ) with basic research knowledge and skills. Students will learn how to form and construct a literature review, develop (a) research questions, and determine methodology to carry out the research. Students are required to read relevant journal articles and determine methodology to carry out the research. At the end of this course, students are expected to come up with a sound research proposal. FSTA 5301 STRATEGIC MANAGEMENT This course introduces students to the issues in running a business, how to plan and make strategic decisions, and how to integrate all organizational functions in achieving organizational s goals. a. To formulate and execute organizational strategies b. To help students integrating organizational functions The Strategic Management Process; Stakeholder and the Corporate Mission; External and Internal Analysis; Competitive Advantage; Business Level Strategy FFIN LEGAL ISSUES IN INDONESIAN CAPITAL MARKET The course introduces students some legal aspects in Indonesian capital market such as Capital Market Supervisory Agency, Indonesian Securities Exchanges, the Clearing Guarantee Institutions and the Central Securities Depositary, Investment Funds, Securities Companies, Securities Company Representatives and Investment Advisors, and Capital Market Supporting Institutions. The course also explains the definition and the implications of collective Custody and the Settlement 26

27 of Exchange Transactions, Reporting and Disclosing Information. Finally, some specific issues such Fraud, Market Manipulation and Insider Trading, Formal Investigations, Criminal Investigations, Administrative Sanctions, Criminal Provisions and Other Provisions will also be discussed. FFIN ASSET MANAGEMENT This course is for students who are interested to learn about the process of managing investment portfolios. Students will learn portfolio management from the perspectives of real life applications. We will examine the process of portfolio construction starting from understanding investor s expectations and their risk profile and continues the discussion with the process of selecting the appropriate asset selection and allocation for the investor. The course will be completed with a discussion on portfolios performance measurement. Student will also learn equity and fixed income analysis in more detail as practiced in the capital market industry. At the end of the course, the student will be able to understand the processes involved in the construction of investment portfolios. Based on investors objectives and constraints, students should be able to select the appropriate assets and its allocation weightings in the portfolio. Students will have a basic fundamental understanding of assets especially in equity and fixed income in terms of their risk and return characteristics, time horizon, liquidity, valuation and prospects. FGEN5202 BUSINESS LAW This course introduces students to the knowledge of business law. This course intends that the students be able to prepare and anticipate the legal factors in business society. a. To understand the business law concepts b. To understand the legal aspects of business transaction 27

28 Introduction to business and the Law; Law's approach to contracts; Elements of a valid contract; Terms of contract; Invalidating factors; Performance and discharge; Contract remedies; Business crimes and business torts; Law of negligence; Agency principles, forms of business; Law and international business FGEN 5503 FINAL PROJECT (GROUP RESEARCH IN FINANCE) The students will conduct an empirical research in the area of finance. The paper will discuss the relevant literature review, research question as well as data and methodology that have been used to carry out the research. At the end of the project, the students will present their research and justify their findings. 28