htw saar Piktogramm
Back to Main Page

Choose Module Version:
XML-Code

flag

Financial Management and Project Funding

Module name (EN): Financial Management and Project Funding
Degree programme: Leisure, Sports, Tourism Management, Master, ASPO 01.04.2014
Module code: MFSTM-330
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 6
Semester: 3
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam (90 minutes / can be repeated semesterly)


[updated 20.01.2020]
Applicability / Curricular relevance:
MFSTM-330 Leisure, Sports, Tourism Management, Master, ASPO 01.04.2014, semester 3, mandatory course
Workload:
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 135 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
MFSTM-120 Stakeholders in the Leisure, Sport and Tourism Sectors
MFSTM-210 Corporate Management


[updated 23.01.2014]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Ralf Rockenbauch
Lecturer:
Dozenten des Studiengangs


[updated 23.01.2014]
Learning outcomes:
After successfully completing this module, students will be able to:
  
_ identify financing options in the leisure, sports and tourism sector,
_ provide an overview of the concept, tasks and sources of financing in the leisure, sports and tourism sector,
_ identify the financing possibilities offered by state agencies,
_ present and evaluate the different types of personal income,
_ explain the special importance of acquiring external funding.
 
In order to do so, students must be able to:
_ analyze financial aspects and their particularities for the management of leisure, sports and tourism, as well as take them into account in the planning and controlling of leisure, sports and tourism management.
- Students must be familiar with public policy and the budget in Germany (finances).
- They must be familiar with the key indicators, causes and problems in leisure, sports and tourism management.
- They must be familiar with financial planning in leisure, sports and tourism management.
- Students must be familiar with the systematics and structure of public expenditure, how contracts are awarded and the effects of these factors on leisure, sports and tourism management.
- They must be able to analyze the revenue behavior of the public sector in leisure, sports and tourism management.
- They must understand federalism and financial equalization, taking into account the particularities of leisure, sports and tourism management.
- They must be familiar with the special features of taxation in leisure, sports and tourism management.
_ Students must be able to analyze financial aspects and their particularities for leisure, sports and tourism management and take them into account when planning and controlling leisure, sports and tourism management.
- First, students will gain insight into the life cycle of a company and be able to reflect upon the financial challenges of each phase of said life cycle. In the process, they will identify possible stakeholder contributions to the financing of the company.
- In addition, students will be able to analyze the theoretical foundations of financing theory by demonstrating the relationship between return, risk and benefit, as well as the criteria for capital structure decisions. They will also be able to reliably determine the origin and areas of application of equity, debt and mezzanine capital.
- Furthermore, students will be able to identify ethical problems in corporate financing.
- They will be able to describe the tasks inherent to financial management and explain financial decision criteria on the basis of examples.
- Furthermore, they will be able to systematically name and describe common financial market transactions and the functions of financial intermediaries. In addition, students will also be able to identify factors that influence the financial markets and necessary regulatory rules.
- Students will learn about the prerequisites for and difficulties of setting up a business and be able to describe the financing components common in this phase. In addition, they will also be capable of assessing all of the elements of a credit negotiation, calculating a company´s debt limit and illustrating the structure and application of a credit rating.
Students will have knowledge about the structure and application areas of the financing instruments mainly used in the growth phase. In addition, they will be able to analyze sensitivities and risks and in order to mathematically analyze the advantages of leasing and factoring.
- They will also be able to explain the functions of capital markets and foreign trade financing. Students will be able to compare the various capital market instruments and understand how they are issued, analyze convertible bonds and bonds with warrants, compare the terms and conditions of participation certificates, describe the terms of payment for documentary credits and documentary collections with regard to the procedure and the benefits for the parties involved, as well as their involvment in foreign trade financing.
- Finally, students will be able to explain the typical development of company crises. In doing so, they will be able to develop solutions to the crises and test their feasibility.

[updated 20.01.2020]
Module content:
_ Financial sciences
- Public policy and the budget in Germany (financial sciences)
- Key indicators, causes and problems in leisure, sports and tourism management
- Financial planning in leisure, sports and tourism management.
- Systematics and structure of public expenditure, how contracts are awarded and the effects of these factors on leisure, sports and tourism management.
- Analysis of the revenue behavior of the public sector in leisure, sports and tourism management.
- Federalism and financial equalization with regard to the particularities of leisure, sports and tourism management.
- Special features of taxation in leisure, sports and tourism management.
 
_ Financial economies
- Financing theory (concepts, life cycle of a company, stakeholders as a source of financing, information asymmetries and agency theory, return, risk and benefit theory, capital structure decisions, equity capital, debt capital and mezzanine capital, ethical aspects of corporate financing)
- Finance-oriented corporate management (financial management, financial decision-making criteria, financing behavior (pecking order), investor relations)
- Operational mechanisms of financial markets (financial transactions, financial intermediaries, factors influencing markets, government supervision)         
- Start-up financing (business idea and business plan, financial challenges in the start-up phase, typical sources of financing, debt financing with loans)
- Growth financing (investment risk management, sensitivity analysis, risk analysis, leasing, receivables financing, guarantee credits, project financing, equity investments, mezzanine capital)
- Financing in the maturity phase (financing via the capital markets, foreign trade financing)
- Financing during a crisis (types of corporate crises, financing potential, sources of financing during a crisis, insolvency proceedings)
 
_ Financing in the leisure, sports and tourism sector
- Basic concepts of financing in the leisure, sports and tourism sectors
- Measures to raise and repay funds
- Sources of financing for the provision and utilization of services in the leisure, sports and tourism sectors
- Financing public-law organizations in the leisure, sports and tourism sector, private-law non-profit organizations in the leisure, sports and tourism sector and private-law commercial organizations in the leisure, sports and tourism sector
- Financing by state institutions
- Revenue-based financing
- Financing through third-party funds, such as public third-party funds, sponsoring, donations and fundraising, private foundations
- Project-related funding via public third-party funds
- EU programs (e.g. structural funds, community initiatives, action programs)


[updated 20.01.2020]
Teaching methods/Media:
Lecture with group and project work, discussions with students

[updated 20.01.2020]
Recommended or required reading:
_ Current literature lists will be made available to students at the beginning of the semester (exemplary references):
_ Brümmerhoff, D., Finanzwissenschaft, 8. Auflage, Oldenbourg, München, 2001
_ Gutachten des Sachverständigenrates zur Begutachtung der gesamtwirtschaftlichen Entwicklung (see also www.sachverstaendigenrat.org )
_ www.bmwi.de
_ www.bundesfinanzministerium.de
_ Peffekoven, R., Einführung in die Grundbegriffe der Finanzwissenschaft, 3. Auflage, Wissenschaftliche Buchgesellschaft, Darmstadt, 1996
_ Andel, N., Finanzwissenschaft, Mohr, Tübingen, 1983
_ Zimmermann, H., Henke, K., Finanzwissenschaft, 3. Auflage, Vahlen, München 1982
  
_ Backhaus, K./Werthschulte, H. (Hrsg.) Projektfinanzierung, latest edition, Schäffer-Poeschel Verlag, Stuttgart.
_ Bieg, H./Kußmaul, H.: Finanzierung, latest edition, Verlag Franz Vahlen, München.
_ Bieg, H./Kußmaul, H.: Investitions- und Finanzierungsmanagement, Band III: Finanzwirtschaftliche Entscheidungen, Verlag Franz Vahlen, München 2000.
_ Brealy, R. A./Myers, S. C.: Principles of Corporate Finance, latest edition, Verlag McGraw-Hill, Boston.
_ Bundesverband Deutscher Leasing-Unternehmen e.V. (Hrsg.): Abwicklung des Leasing-Vertrages, in: Kleines Leasing-Lexikon, www.bdl-leasing-verband.de, Berlin.
_ Dortschy, J. W./Jung, K.-H./Köller, R.: Auslandsgeschäfte _ Banktechnik und Finanzierung, latest edition, Verlag Schäffer-Poeschel, Stuttgart.
_ Falter, M.: Die Praxis des Kreditgeschäfts, latest edition, Deutscher Sparkassen Verlag, Stuttgart.
_ Häberle, S. G.: Handbuch der Außenhandelsfinanzierung, latest edition, München.
_ Dahmen, A./Jacobi, P./Rossbach, P.: Corporate Banking, latest edition, Bankakademie-Verlag, Frankfurt a. M.
_ Perridon, L./Steiner, M./Rathgeber, A.W.: Finanzwirtschaft der Unternehmung, latest edition, Vahlen-Verlag, München.
_ Portisch, W.: Finanzierung im Unternehmenslebenszyklus, München 2008.
_ Prätsch, J./Schikorra, U./Ludwig, E.: Finanzmanagement, latest edition, Hanser Verlag, München und Wien.
_ Rösler, P./Mackenthun, T./Pohl, R.: Handbuch Kreditgeschäft, latest edition, Gabler-Verlag, Wiesbaden.
_ Ross, S. A./Westerfield, R. W./Jordan, B.D.: Fundamentals of Corporate Finance, latest edition, McGraw-Hill, Boston.
 
_ Gerlach-March, R.: Kulturfinanzierung, Springer, latest edition.
_ Hausmann, A.: Kunst- und Kulturmanagement, Verlag für Sozialwissenschaften, latest edition.
_ Heinrichs, W.: Kulturpolitik und Kulturfinanzierung, München, latest edition.
_ Klein, A.: Der exzellente Kulturbetrieb, Verlag für Sozialwissenschaften, latest edition.
_ Singer, O. (2003): Die Förderung von Kunst und Kultur, in: Wissenschaftliche Dienste des Deutschen Bundestages, Nr. WF X-060/03, S. 1-50
_ Zimmer, A., Priller, E.: Gemeinnützige Organisationen im gesellschaftlichen Wandel, Springer, latest edition.
 
_ Nufer, G., Bühler, A., (Hrsg.), Management und Marketing im Sport _ Betriebswirtschaftliche Grundlagen und Anwendungen der Sportökonomie, Berlin, latest edition.
_ Wopp, Ch.: Entwicklungen und Perspektiven des Freizeitsports. Meyer & Meyer, Aachen 1995
_ Steinecke, A. (Hrsg.), Erlebnis- und Konsumwelten, Oldenbourg, München, 2000

[updated 20.01.2020]
[Wed Dec  1 19:11:33 CET 2021, CKEY=ffuf, BKEY=fsm, CID=MFSTM-330, LANGUAGE=en, DATE=01.12.2021]