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Business Finance & Cash-Management (MUR-B-5-IUF-ICM-ILV)
Department
- Bachelor's program Management & Law
Course unit code
- MUR-B-5-IUF-ICM-ILV
Level of course unit
- Bachelor
Year of study
- Fall 2024
Semester when the course unit is delivered
- 5
Number of ECTS credits allocated
- 3.0
Name of lecturer(s)
- Mag. Paier Martin
- Mag. Dr. Bruckner Bernulf
Learning outcomes of the course unit
- Part 1:
Students are able to identify problems arising in connection with investment and financing issues and to develop contributions towards a balanced cash management. Students also have the competence to correctly assess planned investments and financing alternatives on the basis of own calculations. In this context they apply all investment appraisal methods, consider the respective merits of financing alternatives, and discuss possible alternative solutions.
Part 2:
After completion of this course, students are able:
to identify the most important interactions between the various decisions to be made by running an enterprise.
to indentify the threats of uncertainty in the group.
to make a competition/competitor analyses
to explain and evaluate the term value analysis.
to calculate the economic order quantity by taking into account the transport costs as well as the costs of tied capital
to perform a break-even-analysis in a multi product enterprise
to interpret market situations and results and to transfer the findings into goal oriented decisions
to decide in an entrepreneurial way by handling various factors such as uncertainty and time in accordance with strategic and profit-oriented management
Mode of delivery
- face-to-face
Prerequisites and co-requisites
- relevant course(s) of previous semester(s)
Recommended optional program components
- none
Course contents
- Fundamentals of Finance
Time Value of Money, Interest Rates & Investments
Debt & Equity Finance: Instruments & Implications
Modern Portfolio Theory & Capital Asset Pricing Model
Introduction into Derivatives (Options, Forwards, Futures, and Swaps)
Recommended or required reading
- Part 1:
Berk J., & DeMarzo P. (2017). Corporate Finance (4th ed.). Edinburgh: Pearson-Addison Wesley. chapters 1 to 11
OR:
Brealey R. A., Myers S. C., & Allen F. (2014) Principles of Corporate Finance (11th ed.). New York: McGraw-Hill Irwin. chapters 1 to 9 and 20
Mandatory reading for part 2:
- participants manualBerk J., & DeMarzo P. (2017). Corporate Finance (4th ed.). Edinburgh: Pearson-Addison Wesley. remaining chapters
Brealey R. A., Myers S. C., & Allen F. (2014) Principles of Corporate Finance (11th ed.). New York: McGraw-Hill Irwin. remaining chapters
Planned learning activities and teaching methods
- The 1st part of the course comprises an interactive mix of lectures and discussions as well as individual and group work. Theoretical fundaments of capital budgeting and financing of companies will be summarized and renewed. Modern concepts of funding SMEs and corporates will enrich this introductury part.
In part 2 students will manage all aspects of a company by paticipating in a board game simulation and compete with each other in a common market.
Preparation: Reading participants manual
Assessment methods and criteria
- Exam
- Course immanent examination
- - Evaluation:
Paper-based written exam on introductory part / fundamentals (45 minutes; 60%)
Results from desk-based business game (40%)
- Absence in business game and Re-Take:
final grade = exam grade (!)
exam = paper-based written exam on introductory part / fundamentals (60 minutes, 100%)
Language of instruction
- English
Work placement(s)
- none