Financial Statement Analysis
Financial Statement Analysis
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Project Description
The course aims to introduce students to the critical assessment of financial statements, such that they are able to understand managers’ motivation and capability to engage in earnings management. The assessment of firms’ accounting quality is essential for the reliability of cash-flow forecasts in the context of corporate finance and business valuation. Students will engage with current research in the area, and they will be able to understand the relevance of identifying managerial discretion in accounting choices for the analysis and valuation of companies. Students will work empirically with corporate finance data. This module prepares students for the modules «Alternative Investments» and «Corporate Finance».
Topics covered include (e.g.):
Topics covered include (e.g.):
- The analysis of financial statements
- The decision-usefulness of accounting information
- Determinants and managerial motivations for earnings management
- Earnings smoothing
- Audit quality and audit fees
- Empirical research
Teaching Method
- Seminar, consisting of a presentation and a term paper.
- Moodle is used throughout the course to disseminate course material and for information and discussion
Learning Objectives
Students...
- Know about the analysis of financial statements
- Gather knowledge on the managerial leeway for the management of earnings
- Understand the quality spectrum of financial reports
- Learn about the role of the financial audit for accounting quality
- Are able to apply empirical methods based on financial statement information
Assessment Methods
See lecture within the module.
International Business Finance (CPE)
International Business Finance (CPE)
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Information Systems
Master's degree programme in Entrepreneurship and Management
Master's degree programme in Finance
Project Description
- Global Financial Environment
- International Parity Conditions
- Foreign Exchange Rate Determination and Forecasting
- The Foreign Exchange Market and the Use of Foreign Currency Derivatives
- Foreign Exchange Exposure
- Financing the Global Firm
- Foreign Investment Decisions
- International Trade Finance
- Working Capital Management
Teaching Method
Lecture
Learning Results
After attendance of this course, students …
- have at ones disposal comprehensive and integrated knowledge of the majority of core areas in international business finance
- independently solve problems in international business finance by means of acquired concepts
- applying procedures and techniques that are specialised and state-of-the-art
- identify, conceptualise and define new and abstract issues and problems in international business finance
- communicate acquired information comprehensibly to specialists and laities
Financial Markets
Financial Markets
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Project Description
- Introduction to financial marketsInterest rates and bond pricesThe structure of interest ratesMarket efficiencyMonetary policyMoney marketsBond marketsMortgage marketsDerivative markets
Teaching Method
Interactive lecture
Learning Results
- After completing this course, students...know how interest rates and bond prices are related and influence each otherknow different structures and theories of interest ratesare able to explain what market efficiency is and know evidence for different stagescan explain how monetary policy is used to influence financial marketsknow the dynamics of money, bond, derivatives and mortgage markets
Assessment Methods
see lecture(s) within the module
Financial Economics
Financial Economics
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Project Description
- Introduction to financial economics Equilibrium and arbitrage Valuation, state prices, risk-neutral probabilities Expected utility, risk aversion, mean-variance theory Optimal portfolios
Teaching Method
Interactive lecture
Learning Results
- After completing this course, students...understand basic principles in financial economics (e.g., absence of arbitrage) and can apply them in discrete-time markets,link absence of arbitrage, state prices, and risk-neutral probabilities in complete and in incomplete markets,understand the implications of portfolio restrictions in financial markets, understand the classical models of risk and risk aversion and apply them to financial decision-making,are familiar with consumption-portfolio models and their optimization in discrete time.
Assessment Methods
See lecture(s) within the module
Ethics
Ethics
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Project Description
- Theory, Principles, and World-Views on Ethics
- The Ethical Leader: Self-Mastery and Ethics, Mind-Sets
- Corporate Ethics: Shared Values, Professionalism (as part of Standards of Professional Conduct)
Learning Results
Students …
- understanding the origins, discipline and business case of ethics
- Discussing defined moments such as ethical dilemma in the corporate context
- Familiarizing with the standards of professionalism in particular
English II
English II
Module Coordinator/Lecturers
Study Programmes
Bachelor's degree programme in Business Administration
Project Description
- Academic writing in English
- Business English
Teaching Method
- Exercise with max. 30 participants
- Group and individual work
- Discussions
- Presentations and mini-lectures
Requirements (formal)
Für die Anmeldung zu English II muss das Modul English I erfolgreich absolviert sein.
Crossmedia
Crossmedia
Module Coordinator/Lecturers
Study Programmes
Zertifikatsstudiengang in Journalismus und Public Relations
Project Description
basics of crossmedia, analysis and planning of crossmedia projects, texting for online media, linkage of print and online textes, spontaneous producing of vidos for the www
Learning Results
- geben die Relevanzkriterien wieder
- erkennen relevante Themen für Redaktionssitzungen div. Medien und anschliessend Treatments
- verfassen Berichte ohne die eigene Meinung einfliessen zu lassen und ohne zu werten
- analysieren di. Texte aus Spiegel, Blick usw. auf objektive/wertende Berichterstattung
- wählen objektive und relevante Kriterien für neutrale Berichte aus
Journalism and PR
Journalism and PR
Module Coordinator/Lecturers
Study Programmes
Zertifikatsstudiengang in Journalismus und Public Relations
Project Description
differences between journalism and public relations, corporate communication, basics of PR: from press release to press conference, storytelling
Learning Results
- erkennen Grenzen zwischen Marketing und PR
- erkennen Gemeinsamkeiten in Journalismus und PR (Relevanzkriterien, Wahrheitspflicht usw.)
- erkennen Trennendes in Journalismus und PR (objektiv/Interessen)
- erläutern nach Betriebsbesuch, wie internationale Konzernkommunikation funktioniert
- Führen in Gruppenarbeit eine PR-Kampagne von der Medienmitteilung bis zur Durchführung einer Medienkonferenz und Onlinebegleitung aus
- identifizieren Regierungs-PR in internationaler Berichterstattung (USA, Syrien, Ukraine, Russland,...)
- entwickeln Thesen für ein NGO-Konzept
- beurteilen konkrete vergangene Krisen auf gelungene7misslungene Konzernkommunikation
Information and research
Information and research
Module Coordinator/Lecturers
Study Programmes
Zertifikatsstudiengang in Journalismus und Public Relations
Project Description
research, interview ans surveys, journalistic questioning, reliablility of sources and authorities, news agencies
Learning Results
- zählen mögliche Recherchequellen auf
- interpretieren Interviews und analysieren die Motive der GesprächspartnerInnen
- schreiben Treatments und Berichte; kürzen Interviews ohne den Inhalt zu verfälschen
- analysieren Themen nach Relevanzkriterien
- entwickeln eine These für Kommentar/Meinung
- bewerten die Glaubwürdigkeit von Quellen im Internet, Statistiken, Interviews,...
Empirical Methods
Empirical Methods
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Teaching Method
Interactive lecture with exercises
Learning Objectives
- Testing Market Efficiency and Random Walks
- Estimating and Testing Asset Pricing Models
- Forecasting Stock Returns
Learning Results
- Students can decide when to use a quantitative research approach.
- Students understand the drivers and behavior of financial asset prices.
- Students can test market efficiency in various ways and interpret their results.
- Students understand how asset pricing models can be tested, conduct such tests and interpret their output.
- Students can link their understanding of asset prices with concepts from Financial Economics.
- Students understand how and to which amount aggregate as well as individual stock returns can be forecasted.
Assessment Methods
See lecture(s) within the module