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Investment and Financing

Module name (EN): Investment and Financing
Degree programme: Business Administration, Bachelor, ASPO 01.10.2020
Module code: BBWL-2020-310
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 5
Semester: 3
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam (90 min. / Can be repeated semesterly)

[updated 02.01.2019]
Applicability / Curricular relevance:
BBWL-310 Business Administration, Bachelor, ASPO 01.10.2012, semester 3, mandatory course
BBWL-310 Business Administration, Bachelor, ASPO 01.10.2016, semester 3, mandatory course
BBWL-2020-310 Business Administration, Bachelor, ASPO 01.10.2020, semester 3, mandatory course
Workload:
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
BBWL-2020-110
BBWL-2020-140 Mathematical Economics 1
BBWL-2020-240 Mathematical Economics 2 and Statistics 1


[updated 12.12.2019]
Recommended as prerequisite for:
BBWL-2020-515
BBWL-2020-663
BBWL-2020-664 Specialization (SP) Module 4: International Finance


[updated 26.02.2020]
Module coordinator:
Prof. Dr. Matthias Gröhl
Lecturer: Prof. Dr. Matthias Gröhl

[updated 01.10.2016]
Learning outcomes:
After successfully completing this module students will be able to do the following in the field of investment:
- describe the objectives of capital budgeting,
- describe and differentiate between static and dynamic investment calculation methods,
- discuss the advantages and disadvantages of investment calculation methods,
 
- apply the methods of static and dynamic investment calculation procedures to tasks,
- explain the approaches to selected problems in investment accounting,
 
- calculate the influence of income taxes, the optimum useful life and the optimal investment program.
 
In the field of financing students will be able to:
 
 
- explain the importance of financing in the context of business functions,
- describe and distinguish between debt and internal financing,
 
- name the financing instruments of self- and debt financing,
- name and describe the possibilities of equity capital for different legal entities,
- calculate the regular capital increase of a public stock corporation,
 
- illustrate the instruments of short and long-term external financing with regard to their areas of application,
- create interest and repayment plans,
 
- calculate the effective yield according to the mean value method for bonds and trade credits,
- recognize the importance of cash flow for corporate financing,
 
- explain how financing potential arises from depreciation and provisions,
- describe the capacity-increasing effect,
 
- explain the meaning and purpose of horizontal capital structure rules and be able to apply the resp. calculation formulas,
 
- determine long-term and short-term capital requirements,
 
- create short-term liquidity planning.
 

[updated 07.04.2021]
Module content:
Investment
Static investment calculation
- Cost comparison calculation
- Profit comparison method
- Profitabilty calculation
- Comparative amortization calculation
Dynamic investment calculation
- Net present value (NPV) method
- Annuity method
- Internal rate of return (IRR)
- Final asset value method
Selected problems with regard to investment decisions
 
Financing
Debt financing
- Deposit and equity financing
- External financing
Internal financing
- Cash flow financing
- Financing from asset redeployment and equity release
Capital structure and debt policy
- Optimizing the vertical capital structure
- Leverage effect
- Financing rules for the horizontal balance sheet structure
Capital budgeting and financial planning
- Concept and tasks of financial planning
- Capital budgeting and liquidity planning


[updated 07.04.2021]
Teaching methods/Media:
Lecture and tutorial

[updated 02.01.2019]
Recommended or required reading:
Becker, H.P.: Investition und Finanzierung, aktuelle Auflage, Wiesbaden [e-book]
Bieg, H./Kußmaul, H.: Investition, aktuelle Auflage, München.
Bieg, H./Kußmaul, H.: Finanzierung, aktuelle Auflage, München.
Bösch, M.: Finanzwirtschaft, aktuelle Auflage, München.
Gräfer, H./Schiller, B./Rösner, S.: Finanzierung, aktuelle Auflage, Berlin.
Hölscher, R.: Investition, Finanzierung und Steuern, aktuelle Auflage, München.
Jahrmann, F.-U.: Finanzierung, aktuelle Auflage, Herne.
Perridon, L./Steiner, M./Rathgeber. A.W.: Finanzwirtschaft der Unternehmung, aktuelle Auflage, München.
Wöhe, G./Bilstein, J./Ernst, D./Häcker, J.: Grundzüge der Unternehmensfinanzierung, aktuelle Auflage, München.
Zantow, R.: Finanzwirtschaft der Unternehmung, aktuelle Auflage, München.

[updated 07.04.2021]
[Thu Dec  2 01:41:43 CET 2021, CKEY=biufa, BKEY=bbw3, CID=BBWL-2020-310, LANGUAGE=en, DATE=02.12.2021]