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Investment and Financing

Module name (EN): Investment and Financing
Degree programme: International Business, Bachelor, ASPO 01.10.2017
Module code: BIBW-320
Hours per semester week / Teaching method: 4VU (4 hours per week)
ECTS credits: 5
Semester: 3
Mandatory course: yes
Language of instruction:
English/German
Assessment:
Written exam (90 minutes / can be repeated semesterly)

[updated 14.03.2018]
Applicability / Curricular relevance:
BIBW-320 International Business, Bachelor, ASPO 01.10.2013, semester 3, mandatory course
BIBW-320 International Business, Bachelor, ASPO 01.10.2017, 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):
BIBW-140 Mathematics
BIBW-210 Accounting


[updated 26.02.2018]
Recommended as prerequisite for:
BIBW-421 International Finance (compulsory elective module 1)
BIBW-431 Management Accounting und International Financial Reporting (focus module)
BIBW-433 International Accounting Seminar (focus module)


[updated 26.02.2018]
Module coordinator:
Prof. Dr. Matthias Gröhl
Lecturer:
Prof. Dr. Matthias Gröhl


[updated 26.02.2018]
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 solutions 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,
- recall 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,
- understand how financing potential arises from depreciation and provisions,
- describe the capacity-increasing effect,
- understand 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 04.02.2020]
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 regarding 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 04.02.2020]
Teaching methods/Media:
Lecture und exercises

[updated 14.03.2018]
Recommended or required reading:
Becker, H.P.: Investition und Finanzierung, latest edition, Gabler, Wiesbaden.
Berk, J./DeMarzo, P.; Grundlagen der Finanzwirtschaft : Analyse, Entscheidung und Umsetzung, latest edition, Pearson, München.
Bieg, H./Kuߟmaul, H.: Investition, latest edition, Vahlen, München.
Bieg, H./Kuߟmaul, H.: Finanzierung, latest edition, Vahlen, München.
Däumler, K.-D.: Betriebliche Finanzwirtschaft, latest edition, NWB, Herne.
Däumler, K.-D./Grabe, J.: Grundlagen der Investitions- und Wirtschaftlichkeits-rechnung, latest edition, NWB, Herne.
Gräfer, H. /Schiller, B. /Rösner, S.: Finanzierung, latest edition, ESV, Berlin.
Jahrmann, F.-U.: Finanzierung, latest edition, NWB, Herne.
Perridon, L./Steiner, M./Rathgeber. A.W.: Finanzwirtschaft der Unternehmung, latest edition, Vahlen, München.
Wöhe, G. / Bilstein, J. / Ernst, D. / Häcker, J.: Grundzüge der Unternehmens-finanzierung, latest edition, Vahlen, München.
Zantow, R.: Finanzwirtschaft der Unternehmung, latest edition, Pearson, München.
 


[updated 14.03.2018]
[Sun Dec  5 18:51:33 CET 2021, CKEY=iiufb, BKEY=ibw3, CID=BIBW-320, LANGUAGE=en, DATE=05.12.2021]