Integrated Financial Management (ILV)

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Course lecturer:

FH-Prof. DDr.

 Klaus Brugger

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Course numberM4.05170.10.431
Course codeIFM
Curriculum2016
Semester of degree program Semester 1
Mode of delivery Presencecourse
SPPW2,0
ECTS credits3,0
Language of instruction English

On successful completion of this course, students will be able to:
interpret financial statements of multinational companies
understand the impact of managerial decisions on a firm's financial performance
create integrated financial plans
evaluate investment opportunities
assess the cash and working capital position of a multinational company
use tools for the valuation of multinational companies

Introduction
Target levels of management accounting in multinational firms
The role of finance in target levels
The cash flow cycle: important facts & principles
Assessing the financial health of the multinational firm
The balance sheet
The income statement
The cash flow statement
Financial statements and the value problem
Evaluating financial performance
Profitability ratios
Activity ratios / turnover control ratios
Leverage ratios
Using ratios effectively
Planning future financial performance
Business plan
Revenue plan
Expense plan
Investment plan
Methods of planning: Pro-forma statements
Why planning?
Percentage-of-sales forecasting
Planning with income statements
Planning with cash flow statements
Evaluating investment opportunities & business valuation of multinational companies
Characteristics of investments
Figure of merit
Discounted cash flow
Time value of money
Net present value
Internal rate of return
Enterprise valuation
Substance value
(Discounted) cash flow

Atrill, P. (2014). Financial Management for Decision Makers. 7th ed. Harlow: Pearson.

Berman, K., Knight, J. & Case, J. (2013). Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean. 2nd ed. Boston, MA: Harvard Business Review Press.

Lecture & discussion, group work

Contribution to class discussion (20%)
Group project (80 %)