Identification of a research problem and development of a research question Thematic formulation of a problem and development of a solution through application of scientific methods. Independence in handling the research problem throughout the assessment and discussions with the advisor on methodological and content issues in solving a research question. Completion of a comprehensive assignment where the students deal with a theoretical and practice-oriented problem in their area of specialisation by drawing on scientific work methods. Learning Outcomes The students have gained a broad and well-grounded knowledge in their specialised area and are able to independently increase that knowledge to the current level of research.
The essay focuses on traditional responsibilities such as financial accounting, payroll, estimating and handling cash in- and outflow thus managing liquidity.
The second part analyses the newer roles like management accounting, strategy involvement, management information systems, financial analysis and the broader range of responsibilities in the finance department.
Finally, a review of the roles and responsibilities will be undertaken to evaluate the importance of the finance department. Traditional roles of the finance department The traditional roles and responsibilities of a finance department are important for the smooth operation of the business.
However, most of the functions do not have a considerable strategic importance. The most common function of the finance department comprises the documentation and the controlling of incoming and outgoing cash flows as well as the actual handling of the cash flows.
The introduction of mass computer systems has made the task less labour intensive and far quicker, even real-time. Cash flows can be displayed on an up-to-date basis every day, performance can be analysed and evaluated straight away.
This gives the financial department and the senior management useful tools to see how the company is performing at any given time. This will be discussed later when analysing the new roles. The finance department is also responsible for the payment of bills, wages and salaries.
This as well has been computerised. Wages and bills are paid through electronic systems. Both transactions are outgoing cash flows. On the other hand, payments for goods or services sold will be accounted for in this department.
The area of wages is a very difficult one for the finance department as it underlies strict legal limitations. Data protection is very important for the firm as it is imposed by law.
Financial accounting exists for centuries now in one or another form. It delivers to interested stakeholders such as potential investors, banks, shareholders, suppliers, etc.
It is used to attract capital from the outside. As Boddy and Paton p. Another major function the finance department assumes is the budgeting and performance evaluation. Though budgeting is a traditional role its importance has risen rapidly especially as the companies have grown to huge conglomerates where control is very complex and difficult.
The purpose has moved from pure control to a more analytical meaning Cost-Return.
Certainly, the traditional function of the finance department is important and many modern roles are based on and evolve from them. However, computer systems have made these roles far less important as it is a low level activity in the firm.
This made it far more interesting for the senior management to develop new roles and areas of responsibilities for the department, especially in the area of forecasting trends.The Master of Business Administration (MBA) program provides students with GMB Project Finance 3 GMB Int’l Banking & Financial Markets 3 Course Code DescriptionII.
CORE COURSES curriculum and before thesis writing) Course Code Description Units GMB Policy Formulation and Strategic Management 3. thesis or project statement PandaTip: Your thesis statement presents the argument you will make in your thesis/dissertation or asserts the specific question you will be asking or investigating with your research.
Description: MBA Finance Project Report on Cost of Capital, MBA Finance Project Report on Capital Budgeting, Introduction of Cost of Capital, Financial management, Significance of Cost of Capital, Problem in Determination of Cost of Capital, Computation of Cost of Capital MBA Project.
Project risk management master thesis: MBA Finance. Please Note! Master's Theses published prior to don't have subject headings. List All Type * and click 'Search'.
List by Specialization Select 'specialization', put the . Project learning is a vital prerequisite for innovation as it directly contributes to project and organizational capability development. As more organizations become project-based, there is an emergent need to understand how these organizations can overcome challenges of disruptive learning cycles caused by project temporality and employee mobility.
evaluation, finance and management and similar mining engineering Master's Thesis Total Semester Hrs Non-Thesis Option Course work (minimum) * as that required at Colorado School of Mines in mining, if they are interested in the traditional mining specialty.
Students interested in the.