Betriebswirtschaft

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Business Department

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Investment and Financing

Prerequisite

Basic knowledge of business administration, accounting, civil law and corporate law; courses in general business administration and business mathematics
Teaching methods Lecture
Learning target / Competences

Students acquire basic methods and instruments in investment appraisal and finance. They can apply the methods and instruments to problems in business practice and develop an understanding of the relationships between investment planning and financing.
Duration 1 Semester
Hours per week 4.0
Overview
Classes 60 hrs.
Individual / Group work: 120 hrs.
Workload 180 hrs.
ECTS 6.0
Requirements for awarding credit points

Written exam (K120)
Responsible person

Prof. Dr. Thomas Wenger
Recommended semester 3. Semester
Frequency Every sem.
Usability

Bachelor’s degree programs:
Betriebswirtschaft
Betriebswirtschaft Logistik und Handel
Wirtschaftsinformatik
Wirtschaftsinformatik plus
Wirtschaftspsychologie
Lectures

Capital Budgeting

Type Lecture
Nr. W0112
Hours per week 2.0
Content
  • Foundations of capital budgeting: its overall and managerial significance; distinctions from profitability and cost accounting; accounting elements of capital budgeting
  • Static methods of capital budgeting: possible uses, decision criteria, applications; critical appraisal
  • Dynamic methods of capital budgeting: net present value, internal rate of return, annuity, dynamic amortization period
  • Determination of the cost of equity using CAPM (capital ssset pricing model)
  • Mixed cost of capital, WACC (weighted average cost of capital)
  • Aspects of capital budgeting with uncertain expectations
Literature

Olfert, K. (2015): Investition, 13. ed., Herne
Olfert, K. (2015): Kompakt-Training Investition, 7. ed., Herne
Berk, J./DeMarzo, P. (2015): Grundlagen der Finanzwirtschaft, 3. ed., Hallbergmoos
Ermschel, U., Möbius, Ch., Wengert, H. (2016): Investition und Finanzierung, Berlin
Perridon, L./Steiner, M./Rathgeber, A. (2016): Finanzwirtschaft der Unternehmung, 17. ed., Munich
Schuster, Th., Rüdt von Collenberg, L. (2017): Investitionsrechnung, Kapitalwert, Zinsfuß, Annuität, Amortisation, Berlin
Wagner, N. (2018): Finance: Ein Leitfaden mit Aufgaben und Lösungen, Norderstedt

Financing

Type Lecture
Nr. W0113
Hours per week 2.0
Content
  • Basic principles of corporate finance (liquidity, profitability, risk, capital requirements, capital structure, optimization of capital structure)
  • Deposit and equity financing
  • Debt financing (short and long-term loans, bonds, credit substitutes)
  • Internal financing
  • Special forms of financing (mezzanine, private equity, development loans)
  • Financial analysis and planning
  • Loan collaterals
  • Capital and financial markets
Literature

Each newest ed.:
Achleitner A./Thommen J.(2020): Allgemeine Betriebswirtschaftslehre, 9. ed., SpringerGabler.
Bieg, H./Kußmaul, H.: Finanzierung, Munich
Drukarczyk, J./Lobe, S.: Finanzierung, Stuttgart
Gräfer, H./Schiller, B.: Finanzierung, Berlin
Perridon, L./Steiner, M./Rathgeber, A.: Finanzwirtschaft der Unternehmung, Munich
Zantow, R./Dinauer, J./Schäffler, C.: Finanzwirtschaft des Unternehmens, Munich
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