International Finance, Controlling, and Accounting II

Teaching and learning formats

Tuition in Seminars

Case Studies

Classroom and digital/online teaching

Applicability

/

Programme semester

7. Semester

Particular conditions for admission (to exam)

other exam (soP): Report (A), Presentation (B) or Portfolio (F)
Decision and Announcement beginning of the semester; Multiple Choice: possible; Auxiliary material: non-programmable pocket calculator

Weighting factor of module grade

Factor 1

Conditions for participation (in module)

Basic knowledge of finance and accounting

You cannot enrol in the corresponding German TWIN module if you participate in this focus: Bank-, Finanz-, und Investitionswirtschaft (BBW)

Module contents

Students will gain advanced knowledge in mergers and acquisitions management and international tax. Each module is divided into two discrete sections: (1) developing in-depth understanding of how and when to apply the appropriate tools and skills to successfully complete international activities in the respective fields and (2) the application of what has been learned to solving “real” world business problems.

Topics Finance & Accounting

• Mergers and Acquisitions
• Risk Management
• Advanced German Tax & International Tax

International Management Control & Strategic Management Accounting

• Specifics of Management Control in Multinational Corporations (MNCs)
• Handling exchange rates and inflation in management reporting
• Country risk management
• Intercultural aspects of management control
• Consolidated Managerial Accounting
• Integrated Performance Measurement
• Target Costing
• Benchmarking
• Total Cost of Ownership

Learning outcomes

Level: Reproduction

The students...

• analyse publicly traded and privately owned companies involving valuing synergy, control premiums, leveraged buy-outs, and IPOs
• understand the need to use cost management techniques besides cost accounting
• gain an understanding of key tax areas for international businesses

Level: Knowledge an Comprehension

The Students...

• will develop highly realistic M&A plans that could be used to convince top management of an acquiring corporation, a venture capital firm, or a lender to fund the proposed transaction
• have the knowledge which cost management technique is suitable in which situation
• understand main drivers for the tax profile of an international business from a compliance and investor perspective in a changing world

Level: Problem Solving

The Students...

• analyse the effects of known and new transactions on the financial status and financial performance with respect to the IFRS accounting objectives
• gain “hands on” experience in preparing complex valuation and deal structuring models, a skill increasingly valued by employers
• can apply the different cost management techniques to solve practical problems
• develop suggestions for the tax reporting and filing of company reorganizations

Literature and other material

Copeland, T., Koller T., Murrin, J.: Valuation - Measuring and Managing the Value of Companies, current ed.
DePamphilis, D.M.: Mergers, Aquisitions, and other Restructuring Activities, current ed.
Charifzadeh, M./Taschner, A.: Management Accounting and Control, current ed.