Veranstaltungsnummer

22PF06j

Semester

HeSe 2023

Typ

Vorlesung

Max. Teilnehmeranzahl

250

Termine

Kursleitung

• Prof. Dr. Rainer Lueg

Beschreibung

Inhalt:

1. Grundlagen des entscheidungsorientierten Rechnungswesens

2. Kosten- und Leistungsrechnung

• Grundlagen
• Kostenartenrechnung
• Kostenstellenrechnung
• Kostenträgerrechnung
• Plankostenrechnung

3. Unternehmensplanung und -steuerung

 

Ziel:

Kennenlernen der konzeptionellen Gestaltung von Rechnungs- und Informationssystemen:

• Entscheidungsrechnungen
• Kontrollrechnungen
• Koordinationsrechnungen
• Systeme der Kostenrechnung.

Prüfung:

90 min. Klausur

Veranstaltungsnummer

22S213j

Semester

HeSe 2023

Typ

Seminar

Max. Teilnehmeranzahl

20

Termine

Beschreibung

Course summary:

 

The globalization and integration of financial markets present unique opportunities and unique risks for all firms and investors. This course is designed to provide students with a conceptual background for financial decision-making related to international corporate finance and international investing. The first part of the course is focused on currencies, including an analysis of exchange rates, international monetary systems, contemporary currency regimes, and current financial crises. The course then covers international capital markets and investment in foreign financial assets. Finally, the course turns to international corporate finance, including a firm’s exposure to various kinds of exchange rate risks, and the methods and financial instruments used to manage those risks, and international capital budgeting.

 

 

Course aims:

 

This course introduces the fundamentals of international financial management, exploring issues that multinational firms face and how they make international financial decisions. From an investor’s perspective, currencies as well as international equity and bond markets represent opportunities that complement domestic investments. The focus is on concepts in financial decision making with an emphasis on both theoretical foundations and practical applications. The aim of the course is to provide students with solid knowledge about international finance, enabling them to understand and evaluate financial decisions in an international context.

 

 

At the end of the course, students should be able to:

 

• Understand the international financial environment, international financial markets and its relevant players, different currency regimes, and how they affect multinational corporations.
• Understand the important mechanisms on the foreign exchange market and to discuss the relationships between inflation, interest rates, and (real) exchange rates using the international parity conditions and related theories.
• Understand exchange rate determination, exchange rate risk, and how multinationals can forecast exchange rate movements and manage their FX exposure.
• Understand the construction principles of currency derivates and the fundamentals of currency option pricing.
• Understand the benefits and costs of international diversification and explain how to evaluate foreign investment projects.
• Understand capital raising opportunities for corporations in international financial markets and make informed capital budgeting decisions.

 

 

 

 

Course content:

 

Block 1: Foreign Exchange Market and Risks

• FX Market Structure, Forward Markets, and Exchange Rate Systems
• International Parity Conditions
• Exchange Rate Determination, Transaction Risk, and Forecasting Exchange Rates

 

Block 2: International Capital Markets & Investments

• International Debt Markets
• International Equity Markets and International Diversification
• Foreign Currency Options

 

Block 3: International Corporate Finance

• International Capital Budgeting
• Risk Management

 

 

Prerequisites:

 

• Solid knowledge about the key concepts in finance (financial markets, asset pricing, option valuation)
• Solid knowledge in statistics and econometrics

 

 

 

Examination:

 

Written exam (60 minutes)

Veranstaltungsnummer

22PF05j

Semester

HeSe 2023

Typ

Prüfung

Termine