Catalog Entries |
Fall 2017 - MIIS
Apr 19, 2024 |
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| TRLM 8662 - Financial Side of Localization |
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Localization activities require money, which needs to be managed in a fiscally-responsible manner. This course will provide students the opportunity to apply the most common financial concepts utilized in the buying and selling of localization services, and through that, understand the forces and pressures involved in managing localization budgets. The course will focus on the mechanics of budget management and the different budget management goals on the supplier side vs the buyer side. We will explore the supplier side’s need to maintain a healthy margin and how such a margin may affect the very survival of the business. On the buyer side, we will explore the enterprise needs to meet reporting requirements and justify ROI in localization. At the end of the course, the students should be able to perform the accounting and record-keeping mechanics, manage a localization budget, and utilize it to meet enterprise localization goals.
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