Finance and Management (B.Sc.)

• Organisation of the IASB
• Conceptual framework of the IASB
• Current projects of the IASB
• The financial reporting environment, presentation of financial statements
• Special problems to do with revenue recognition
• Special problems to do with recognition and measurement of financial instruments
• Accounting for lease in accordance with IFRS
• Special questions of accounting for tangible assets in accordance with IFRS
• Special questions of accounting for intangible assets in accordance with IFRS
• Special questions of accounting for intangible assets in accordance with IFRS
• Consolidation of intercompany results

• Rationales of cost accounting
• Simplistic methods of overhead allocation
• Activity-based costing
• Overcapacity costing
• Joint product costing
• Overhead analysis sheet
• Concepts of relevant cost and revenue
• Budgeting

• Finance: Goals, Functions and Environment
• Financial analysis and Financial Forecasting
• Managing Working Capital
• Sources of Short-Term Financing
• Capital Markets and Investment Banking
• Capital Budgeting: The Time Value of Money
• Capital structure and the Cost of Capital

• Role of Underwriters
• Understanding Money Markets
• Introduction to Foreign Exchange
• Introduction to Bond Markets
• Introduction to Equity Markets
• Central Banks and Regulatory Authorities
• Outlook to the further development of International Financial Markets

• Overview of various types of fixed income securities, valuation of fixed income securities, understanding bond ratings, securitisation and asset backed securities, risks associated with investing in bonds, understanding yield spreads, interpreting the yield curve, Spot rates and Forward rates, measurement of interest rate risk, bond portfolio management strategies
• Derivatives instruments; Futures and forwards, option payoffs and options strategies, option valuation techniques

• Key components of a set of domestic and foreign financial statements
• Techniques of financial analysis (Ratio Analysis, Accounting Analysis, Cash Flow Analysis)
• Estimating Weighted Average Cost of Capital
• Computing Free Cash Flows and Interpreting Earnings
• Valuation

• Guide and Strategic Plan to Case study analysis
• Writing a proper case study analysis report
• In depth Case Study Analysis with focus on Financial Management

• Corporate Tax
  Taxation of corporations/ enterprises in Germany
• Type of taxes:
  income tax, wage tax, capital income tax
  corporate income tax / cit
  trade tax
  surcharge
  VAT
• Tax transparent and intransparent entities:
  Partnerships as transparent entities (Taxable income is attributed to partners
  directly , exemption: trade tax, thi s is taxed on partnership level)
  Corporations as intransparent entities Corporations are separate taxpayers for cit
  and trade tax purposes; in Germany no check the box system )
• Corporate income tax / trade tax:
  tax base
  tax treatment of dividends

• Introduction: Financial decision making and law of one price
• Interest rates and quotes
• Investment decision rules
• Fundamentals of capital budgeting
• Capital markets and the risk of pricing
• Optimal portfolio choice and CAPM
• Estimating the cost of capital
• Capital structure in perfect capital markets
• Financial Distress and restructuring

• Objectives of financial decision making
• Investment principle – risk and return
• Estimation challenges
• Capital structure trade-offs
• Finding the right financing mix
• Timing and financing choices
• Sustainability and ethics in finance

• Cost reduction decisions
• Expansion decisions
• Equipment selection decisions
• Lease or buy decisions
• Equipment replacement decisions

• The Nature of Econometrics
• The Simple Regression Model
• Multiple Regression Analysis: Estimation
• Multiple Regression Analysis: Hypothesis Testing and Confidence Intervals
• Multiple Regression Analysis: Categorical variables and further issues
• Heteroskedasticity , multicollinearity, omitted variables

During your 6th semester you are working on your Bachelor thesis. You have 12 weeks to complete your thesis and the subject is freely selectible. A supervisor from CBS will support you and you can write the thesis in collaboration with a company as well.

During the Bachelor Thesis Tutorial you will learn the fundamentals for your Bachelor thesis: Defining the topic as well as structuring the thesis and you will learn the theoretical knowledge for scientific working.

This course focuses on basic ethical concepts and how they might be applied in the world of Financial Management. The course starts with four basic questions:

• “What is ethical behaviour?” – “Why is Business Ethics important for Financial Management?”
• “What has been done so far to integrate Business Ethics into Financial Management?” and –
• “What can be done to integrate Business Ethics into Financial Management more effectively in the future?”

On the basis of these questions several instruments and projects in Financial Management will be studied, discussed and analysed.

The course on Strategic Banking and finance examines how banking institutions act in the financial markets (such as those for credit, investments, bonds, stocks, foreign exchange). It covers important topics in bank management ranging from foreign exchange markets, derivatives, country risk analysis, and asset-liability management to banking strategies. It provides theoretical and practical education to help students conduct complex business activities in the area of corporate finance and international financial management.
After completing the course the student will be able to:

• Describe the functions of commercial banking institutions as well as other financial service providers such as investment banking firms, security brokers and dealers, insurance companies and other non-depository organizations.
• Explain how commercial banks operate.
• Describe the importance of risk management in their operations, including how they compete in the market place with other financial service providers.
• Analyze financial institutions in terms of risk identification, risk measurement and control and the effect of risk on profitability and growth.
• Learn the basics of financial institution management, including: analysis of their financial statements; asset and liability management; capital management; product development; and strategic and profit planning processes.
• Understand why a balance must be achieved among liquidity, risk assumption, and profitability.