Business Management FT
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International Accounting & Finance (E)

level of course unit


Learning outcomes of course unit

English version will be available soon

prerequisites and co-requisites

English version will be available soon

course contents

Teil A: International Accounting
• Basic definitions and introduction into IFRS
• Differences and similarities of IFRS compared to UGB/HGB
• Statement of financial positions, statement of comprehensive income, statement of cash flows & statement of changes in equity
• Reading and interpreting an IFRS financial statement

Teil B: International Finance
• Theory of cost of capital (WACC conecpt, tax shield, cost of equity & cost of debt)
• CAPM, WACC & enterprise value
• Equity vs. debt
• Short- and long-term financial instruments (revolving credit facility (RCF), overdraft, trade credit, factoring, long-term credit, leasing)
• Financing costs (interest rate, interest rate structure, roll-over-period, commitment fee etc.)
• Credit risk process (information asymmetry, adverse selection, moral hazard, creditworthiness, trustworthiness, rating)
• Portfolio theory (risk & return, covariance & correlation, risk-return-diagram, calculation of optimal portfolio)

recommended or required reading

Bekaert, G., & Hodrick, R. (2018). International financial management. Cambridge, UK: Cambride University Press.
Buchholz, R. (2018). Internationale Rechnungslegung: Die wesentlichen Vorschriften nach IFRS und HGB – mit Aufgaben und Lösungen. Berlin: Erich Schmidt Verlag.
Coenenberg, A. G., Haller, A., Schultze, W. (2018). Jahresabschluss und Jahresabschlussanalyse: Betriebswirtschaftliche, handelsrechtliche, steuerrechtliche und internationale Grundlagen – HGB, IAS/IFRS, US-GAAP, DRS. Stuttgart: Schaeffer-Poeschel.
Doupnik, T., Finn, M., Gotti, G., & Perera, H. (2015). International accounting. New York, NY: McGraw-Hill.
Eun, C., & Resnick, B. G. (2018). International financial management. New York, NY: McGraw-Hill.
Heno, R. (2018). Jahresbabschluss nach Handelsrecht, Steuerrecht und internationalen Standards (IFRS). Berlin-Heidelberg: Springer Verlag.

assessment methods and criteria

English version will be available soon

language of instruction


number of ECTS credits allocated


planned learning activities and teaching methods

English version will be available soon

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Dr. Dr. Mario Situm

year of study


recommended optional program components


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)

not applicable