Business Management FT
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International Accounting & Finance (E)

level of course unit

Bachelor

Learning outcomes of course unit

The students know the fundamentals of international accounting according to IFRS and the area of international finance with selected decision fields.
The students
• Are familiar with the main differences and principles of international accounting (IFRS, US-GAAP).
• Are able to assess selected accounting issues.
• Know short, medium and long-term financing instruments.
• Are in a position to evaluate the financial and economic situation of a company on the basis of the annual financial statement analysis.
• Know the basic features of the credit risk process from the point of view of credit institutions.
• Know the fundamentals of a company rating.
• Are able to calculate and negotiate financing costs.

prerequisites and co-requisites

• Business Mathematics
• Statistical Methods & Data Analysis
• Investment & Financing

course contents

Part 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

Part 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

Final exam and Quiz

language of instruction

English

number of ECTS credits allocated

2

course-hours-per-week (chw)

1.5

planned learning activities and teaching methods

25 % of the event is covered by eLearning. A combination between online phases (inductive method for the independent acquisition of knowledge and the practice of tasks) and presence phases (deductive method, in which assistance is given in the learning process and knowledge is imparted via frontal lectures) is used.

semester/trimester when the course unit is delivered

4

name of lecturer(s)

Prof. (FH) Dr. Dr. Mario Situm

year of study

2

recommended optional program components

none

course unit code

FIN 4

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

not applicable