Course Code: ACCT 001

ACCOUNTING STUDY MISSION - THAILAND (SMU-X OVERSEAS)

COURSE OUTLINE

 

Thailand has a friendly business environment and, until recently, has been successful in attracting foreign
direct investments, diversifying into higher value-added manufacturing production, and expanding into
new emerging export markets. The IMF ranks it as the world’s 22th largest economy with GDP at US$380.5
billion as at 2014. It is also the second largest economy in Southeast Asia after Indonesia. On a GDP per
capita basis, it ranks 4th behind Singapore, Brunei and Malaysia.


Thailand’s economy is heavily reliant on exports which account for more than two-thirds of its gross
domestic product (GDP). Its main exports are computer & accessories, auto part & accessories, gems &
jewelry, rubber, plastic, chemical, electronic circuit, rubber products, and refined fuel. According to
statistics from the Thailand Board of Investment (BOI), Singapore has consistently been ranked as one of
the top investors in Thailand. It is important, therefore, to understand Thailand in greater depth – its
economy, the investment climate, the regulatory and tax regime, its culture and people, the political risks,
etc.


The purpose of this course is to provide participants with an appreciation of business and investment
opportunities in Thailand, and an understanding of its social, cultural, economic, and political landscape.

Participants are expected to:

  • Develop a better understanding of the Thailand economy and its economic policies, key industries, foreign direct investments, financial and banking sectors, capital market, and regulatory and tax regime
  • Understand how politics and culture impact the way businesses operate
  • Gain an insight into business and investment opportunities in Hong Kong
  • Learn case-writing skills
  • Develop networking, and other life skills by interacting with business leaders
  • Be “infected” with the entrepreneurial spirit

 

The course qualifies for one credit unit and encompasses seminars in Singapore, culminating in a study
trip at end of semester. Grading is on a Pass/Fail basis.


Participants will work in teams of 3-4 students on research projects or write cases on companies. Country
experts may also be invited to speak at seminars prior to and during the study trip.

Offering Term(s):

AY 18/19 Term 2,  

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