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Pre-Course Training

Prepare yourself for finance studies

Bring yourself up to speed with the fundamentals of finance, financial accounting, quantitative methods and research skills. The MIF Pre-Course Training gives you the chance to review your knowledge of the basics, so you'll have a smooth start in the Executive MSc in International Finance programme. The MIF Pre-Course Training is mandatory for part-time candidates and for candidates without a finance background.

The MIF Pre-Course Training

  • What is it?

    The pre-course training is available to all newly enrolled candidates via an online learning platform. The programme is designed in such a way that you can study at your own pace – wherever and whenever you want and consists of 3 separate courses. Each course is concluded by a multiple-choice online exam. Exams are graded on a pass-fail basis; candidates who fail the exam will have the opportunity of 1 retake exam per course.

  • For whom?

    The Pre-Course Training is mandatory if you want to join our part-time programme. However, we strongly advise all candidates to use this online learning platform to prepare for the Executive MSc in International Finance programme.

  • Workload

    The Pre-Course training is designed so you can complete all courses over a period of 2 to 3 months with a weekly workload of about 10 to 15 hours.

  • Course outline

    The pre-course training consists of 3 courses:

    1. Fundamentals of Finance
    Topics:

    • Time value of money and interest rates
    • Investment decision rules (net present value, internal rate of return)​
    • Capital budgeting
    • Valuation of bonds and stocks
    • Risk and return, pricing of risk, capital asset pricing model
    • Estimating the cost of capital
    • Capital structure in perfect markets (Modigliani-Miller)
    • Debt and taxes, weighted average cost of capital

    2. Financial Accounting
    Topics:

    • Financial statements and the fundamental accounting equation
    • Accounts, debits, and credits
    • Revenue and cost recognition; matching principle
    • Current assets: accounts receivable and inventory
    • Long-term assets: investments, PPE, and intangibles
    • Current liabilities, long-term obligations, and corporate equity accounting
    • Financial analysis and the statement of cash flows

    3. Quantitative Methods and Research Skills
    Topics:

    • Data, research questions, and research design
    • Review of probability, inferential statistics, and data analysis
    • Basic econometrics (OLS, hypothesis testing)
  • Fees

    Executive MSc in International Finance candidates: no fee

    The MIF Pre-Course Training is free for MIF candidates. Upon admission to the MIF programme, you will be asked to pay the non-refundable enrolment fee to secure your place. The enrolment fee is part of the tuition fee. You pay the remainder of your tuition fee in instalments during the programme. In the unlikely event that you do not pass the pre-course training, your enrolment fee will not be refunded.

    Finance module participants: €1,000

    If you are a finance module candidate, the fee for the Pre-Course Training is €1,000 tax-free. 

    Candidates of other programmes at ABS

    If the Pre-Course Training was recommended to you by the admissions team of  another programme, please refer to the information provided by your admissions office.

Contact

Do you have any questions about the Executive MSc in International Finance? Please contact:

Ms M.K. (Gosia) Herudzinska MBA

Faculty of Economics and Business

Institute of Executive Programmes