| 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]