UMD: A Globally Connected University

UMD-Winter: Singapore and Taiwan: The Impact of Globalization, Convergence and Fintech on the Financial Accounting Profession (BMGT)

Singapore, Singapore
Taipei, Taiwan
Terms offered: 
Winterterm
Program Type: 
Credit Type: 
Minimum GPA: 
2.75
Non-UMD Students Eligible to Apply: 
No
Graduate Students Eligible to Apply: 
No
Language of Instruction: 
English

3
The accounting profession is undergoing massive change at a rapid pace.  Accounting standards are getting closer to world-wide convergence with the adoption of International Financial Accounting Standards by more and more countries.  Fintech (short for "financial technology"), by employing specialized software and algorithms to process financial information, is changing the way businesses and consumers are managing their financial operations and processes.  These rapidly occurring changes are having a significant effect on the world’s capital markets, where companies go for their life blood: capital, of course.  This course will explore how the accounting profession is dealing with these rapid changes as companies look internationally for capital and customers.  We will visit Singapore, which recently topped a list of best start-up cities ranked by Nestpick start-up cities ranking; and Taipei.  The course will showcase technology and innovation in the delivery of accounting information, including cybersecurity, start-ups, and Fintech.  It also will explore the business customs in Singapore and Taiwan.

You must be in good academic and judicial standing and you must not have any registration blocks to participate in this program. The minimum GPA for this program is listed above.

The course is open to UMD freshmen through seniors and all majors are welcome to apply.

If you are interested in this program but do not meet the eligibility requirements, reach out to the program director (listed in the Contacts tab) to discuss your interest in the program.
 

After you commit to the program, Education Abroad will enroll you in one of the following three (3) credit UMD courses:

  • BMGT428K: The Impact of Globalization, Convergence and Fintech on the Financial Accounting Profession 

This course will satisfy an Accounting major requirement. The credit you earn during this program will count as resident credit.

You will be required to participate in both pre-departure and post-experience sessions as part of the Smith School Common Core for undergraduate faculty-led, short-term programs. Pre-departure sessions will focus on global mindset, country specific business curriculum, and logistics/health and safety. Post-experience sessions will include a subject specific debrief in addition to career application. The Smith School Common Core culminates in the Global Showcase, where students will be able to demonstrate their cultural curiosity and global business acumen through individual or group poster presentations. Dates for all sessions will be detailed on the course syllabus. 

*Undergraduate Common Core
November 6, 2019
6 p.m. - 8:30 p.m.
2333 Van Munching Hall

*Global Showcase
February 13, 2020
10 a.m. - 4 p.m.
First Floor Atrium, Van Munching Hall

*All students will be required to participate in the Undergraduate Common Core and the Global Showcase.

You will stay in shared accommodations in a hotel. 

Costs are current for winter 2020. 

Application Fee $50
Billable Costs
Billable costs are charged to your student account. They are due based on the Office of Student Financial Services and Cashiering payment schedule. Be sure to check your statements when they are available.
Education Abroad Fee $500
This fee is charged to your account when the application status changes from "Accepted" to "Committed." This fee includes Education Abroad services including registration, billing, advising, risk management, and pre-departure orientation.
International Health Insurance $24
Tuition $2,000
This fee is charged to your UMD account upon course registration. This fee includes: Tuition, in-country transportation, course related activities, group meals, and teaching services.
Housing Fee $500
This fee represents the housing provided during the program.
TOTAL PROGRAM FEE $3,024
Out-of-pocket Costs
Meals (estimate) $400
Visa $0
Passport $145
Roundtrip and Mid-Program Airfare (estimate) NOTE: students are responsible for flight from Singapore to Taiwan $2,000
Course Materials $0
Optional Activities/incidental expenses $200
Optional trip cancelation/interruption Insurance (estimate) $0
TOTAL ESTIMATED COST OF ATTENDANCE: $5,819

Please refer to the following resources for more information on funding study abroad

PLEASE NOTE: All University of Maryland study abroad programs are financially self-supporting and, therefore, subject to cancellation due to low enrollment.

Questions should be directed to Eugene Cantor, Stephen Brown or Greg Rafal.

Specific program excursions are still being planned. Below are possible site visits:

  • Gardens by the Bay
  • Singapore city tour
  • Hong Kong city tour
  • Various business visits focused on FinTech
Term Year Application Deadline Admission Notification Program Start Program End
Winterterm 2020 10/01/2019 10/11/2019 01/07/2020 01/15/2020
In addition to the program dates above, all students will be required to participate in the Undergraduate Common Core (November) and the Global Showcase (February).