Finance and Accounting in the Global Economy: Views from China (Early Fall 2019)

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Term Year Application Deadline Start Date End Date Location(s) Required Prerequisites Budget
Early Fall 2019 February 15, 2019 August 26, 2019 September 15, 2019 Beijing, Shanghai, and Xi'an China TBUS 350 Click here to download the budget sheet for this program.

In this program, students will explore the real-world applications of international theories of financing and accounting to see what strengths and weaknesses China has in its potential to become an international finance powerhouse. Students will meet with businesses, politicians, and scholars in China, and learn their viewpoints on impacts of the changing landscape of China’s place in international finance as the second largest economy in the world.

In China, students will visit Beijing, Shanghai, and Xi’an to learn about foreign direct investment and the political risks and accounting differences that are associated with operating in multiple countries as a multinational corporation. Students will also compare and contrast the differences in international finance goals between the US and China. This program is open to students admitted to the Milgard School of Business.

This study abroad program is taught by Drs. Margo Bergman and Gim Seow.  

Academic Content

This program does not require any language requirements. Students receive a total of ten credits for the program as follows:

TFIN 440: International Finance (5 credits)

Required prerequisite TBUS 350

This course examines foreign exchange markets, international capital markets, and international goods markets from a business standpoint. We will cover the models and theory describing these types of markets and how they function relative to the global business environment. Students must pass TBUS 350 to receive credit for this course.

Learning Goals Include:

Understand the historical and continuing impact of main issues in the global experience of the 20th century, including:

  • Understand the theories of international finance.
  • Discuss the strengths and weaknesses of China’s ability to become a global player in international finance.
  • Address the differences in U.S. and China international finance goals. 

TBUS 490: International Financial Statement Analysis (5 credits)

This course develops the student’s ability to use financial statement information and related disclosures to evaluate the underlying economics of a global firm. It will also provide students with techniques for valuing firms and making business decisions.

Learning Goals Include:

  • How to analyze financial statements of global firms.
  • How to value global firms. 

Program Schedule

The program runs from August 26 - September 15, 2019. After returning from China, students will be required to submit assignments through December 2, 2019, but will not be required to attend any formal class sessions. For a more detailed itinerary and schedule, please visit this program's Worldstrides website (use password UWTacomaChina).

Housing

Students will be staying in hotels while in Beijing, Shanghai, and Xi'an. Rooms are double occupancy; single rooms may be requested in advance (depending on availability; additional fees apply). Rooms include bathroom with western-style toilet and are equipped with a telephone, television, air conditioning, bed linens and towels. The hotel has convenient access to public transportation.

Field Trips

The program includes field trips in Beijing to the Great Wall of China, Forbidden City, Temple of Heaven, and Tiananmen Square. Students will also visit the TerraCotta Warriors/Great Mosque in Xi'an. All costs associated with this these field trips (transportation, entrance fees, and in some cases, meals) are included in the program fee.

Student Eligibility

Undergraduates admitted to the Milgard School of Business may apply, with special consideration given to junior and seniors. Students must pass TBUS 350 in order to be eligible for this program.

Application Deadline

Applications are due on February 15, 2019. Applicants will be notified of acceptance decisions by February 27, 2019. Once accepted to the program, applicants will need to confirm their participation in the program by March 1, 2019. Click the "Apply Now" button below to begin.

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Travel Documents and Insurance

All program participants must have a valid passport in order to travel to China.

Visas

Visas are required for entry into China for non-Chinese citizens. More information about the visa application process will be provided after you have been accepted into the program.

The cost and requirements for obtaining visas vary. It is your responsibility to determine visa requirements for all countries you plan to visit while abroad including countries that you plan to visit before or after your study abroad program. This is an especially important consideration if you are planning to do more than one study abroad program.

Insurance

The University of Washington requires students engaged in educational activities abroad – including study, research, internships or community engagement – to purchase UW Student Abroad Insurance. If you are a current UW student, you are required to purchase coverage UW Student Abroad Insurance. Details are on the UW Study Abroad Insurance page.

Program Cost

The program fee is $4,100.

ShanghaiIncluded in the cost of the program:

  • $450 in study abroad administrative fees
  • Instruction (10 credits)
  • Housing and some meals 
  • Program activities and program travel
  • Visa costs

Not included:

  • Airfare to and from China
  • UW Student Abroad Insurance
  • Transportation to and from the airport in the U.S.
  • Personal expenses (phone calls, eating out, etc.)
  • Textbooks

Payment Due Date: October 11, 2019

Program fees will be posted to your MyUW student account and can be paid the same way that you pay tuition and other fees. Check your MyUW Account periodically for due dates.

Withdrawals

The $450 UW Study Abroad Fees are non-refundable once a contract has been submitted. Students withdrawing from a program are responsible for paying a percentage of the program fee depending on the date of withdrawal. More details about the withdrawal policy are included in your payment contract. No part of the program fee is refundable once the program has begun. The date of withdrawal is considered the business day a withdrawal form is received by the Office of Global Affairs. Notice of withdrawal from the program must be made in writing by completing the following steps:

  1. Provide notice in writing to the program director that you will no longer be participating in the program.
  2. Submit a signed withdrawal form to the Office of Global Affairs. 

Financial Aid and Scholarships

  • A large percentage of UW students utilize financial aid to study abroad. Most types of financial aid can be applied to study abroad fees.
  • For UW Tacoma students, you can submit a revision request to increase the amount of aid for the quarter you are studying abroad. These additional funds are usually awarded in the form of loans. To apply, fill out a revision request form, attach the budget sheet (available via the link at the top of this brochure) and submit these documents to the UW Tacoma Office of Financial Aid
  • For UW Seattle or Bothell Students, you can apply by filling out a revision request form, attach the budget sheet (available via the link at the top of this brochure) and submit these documents to the the Office of Financial Aid
  • Consult the Financial Aid section of our website for more information on applying for financial aid, special considerations for summer and early fall programs, and budgeting and fundraising tips
  • Please also review this list of scholarships: these are opportunities that can help fund your study abroad experience. Please note that many of them have deadlines before your study abroad application is due. For help with the application process, please contact uwtintl@uw.edu.

Budgeting Tools

We understand that figuring out your finances for study abroad can be complicated, and we are here to help. Here are some ways to find additional support:

  • Click on the Budget Sheets link at the top of this brochure to view the estimated budget of all expenses for this program.
  • UW Tacoma students can attend a How to Fund Your Study Abroad event - more information is on the Events page of our website.

Changes in Cost or Scope of Program

In the event of significant devaluations of the dollar, some adjustments to program activities may be necessary. If there are any political events that might compromise the safety of the participants, a rescheduling or cancellation of the program may be necessary. If such changes occur, students will be notified of the changes and options will be presented.

Orientation

To be eligible to study abroad, all program participants must attend an online pre-departure orientation facilitated by UW Study Abroad as well as your program-specific orientations, offered by your program directors. Orientation must be completed prior to the enrollment deadline for the quarter that you are studying abroad.

Program Cancellation

If viable enrollment is not reached by May 1, 2019 the program will be cancelled. Participants will be notified and the administrative and program fees will be refunded.

Disability Accommodations

The University of Washington is committed to providing access and reasonable accommodation in its services, programs, activities, and education for individuals with disabilities. To request disability accommodation for this program, contact Disability Resources for Students at least 8 weeks in advance of your departure date. Contact info at tacoma.uw.edu/drsuwt.