Understand and apply standard pension finance models
Select appropriate financial instruments for individual pension planning and justify this selection economically

Critically reflect on ethical aspects of investment strategies (where appropriate)

Collaborate with fellow students in the implementation and testing phase
Communicate results effectively

Implement investement strategies, test them on data, and interpret the results

Analyze existing investment strategies
Develop new investment strategies according to pre-specified goals and conditions

• Reproduce basic types of cost accounting techniques, present different types of costs, cost centers and cost objects.
• Explain and interpret the assumptions of these models.
• Apply basic models in the field of cost accounting in new situations, calculate Break-Even-Points as measures for risks and opportunities.
• Compare alternative forms of production and forms of sourcing, identify similarities.
• Capture the concepts of calculation in cost accounting, as well as the evaluation through budget figures.
• Assess, whether particular valuation models are applicable in certain situations and choose appropriate models in ideal-typical situations.

• Know the most important costing methods and basic types of decision-making processes.
• Understand the most important systems of cost accounting, explain the operating modes of full costing and marginal costing, explain the theoretical basics of decisions, describe the most important calculation processes.
• Calculate operational transfer forms, cost allocation sheets, calculations, contribution margins mathematically and graphically, Break-Even-Points, Cash flow zones, profit zones, management success.
• Analyze business transactions, take decisions on effectiveness and efficiency of gradual contribution margin calculation, analyze Break-Even-Points and contribution margin zones, exercise deviation analyses.
• Develop new cost allocation sheets and holistic contribution margin systems, construct overall positions in profit/loss-graphs.
• Evaluate production processes and assess their advantageousness, asses the advantageousness of entrepreneurial decisons, such as make-or-buy decisions, capacity expansions, lower price limits, acceptance of additional orders, optimal production in one bottleneck etc.

• Not a focus in this module

• Listen attentively to the letures and internalise points made by their fellow students.
• Work on the solutions of case studies, present and discuss the solutions worked out together, cooperate with the other students in the group
• Assess the other solutions presented, evaluate them in relation to their own solution, evaluate specific laws regarding their effect on the taxation in certain circumstances
• Stand up for and defend their own solutions in the light of remarks and critics

• Know the sources of national and international tax law of the four German-speaking countries, are capable of reproducing the central concepts of national and international tax law in adequate terminology
• Understand the connections between the particular tax legislation and the double taxation agreements
• Apply the rules of the respective national and international tax law in case studies
• Derive solutions and decision recommendations from the different laws; compare rulings of the different national tax laws
• Solve cross-border issues, actively applying relevant legal provisions of the respective national tax law, as well as rulings in the double taxation agreements
• Evaluate the calculated tax burdens