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Financial Accounting II: Valuation & Governance
(dt. Rechnungslegung II: Bewertung & Governance)

Level, degree of commitment Specialization module, compulsory elective module
Forms of teaching and learning,
workload		 Zwei lectureen (4 SWS),
(attendance: 45 hours | additional studies: 45 hours | preparation and follow-up: 45 hours | exam preparation: 45 hours)
Credit points,
formal requirements		 6 CP
Course requirement(s):
Examination type: Written examination. IMPORTANT: This module is offered by FB02; the exam can only be retaken twice.
Language,
Grading		 German,
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Administration.
Duration,
frequency		 One semester,
each winter semester
Person in charge of the module's outline Prof. Dr. Sascha H. Mölls

Contents

The module comprises the following two courses:

Company valuation:

Financial fundamentals (investment accounting, capital theory, decision theory, portfolio selection, capital market theory), Fundamentals of business valuation (development, central idea, reasons for valuation), Individual marginal price determination (reproduction and liquidation value, capitalized earnings value method), Market-oriented marginal price determination (DCF method, real options), Conflict-related business valuation (two and more person conflict).

Corporate governance:

Fundamentals (concepts, basic issues, regulatory interests, economic and corporate order), Capitalist enterprise (legal foundations, empirical findings, approaches to justification, connective institutions), Managerial enterprise (capital owners vs. managers, theories of managerial rule, empirical findings, alternative control mechanisms), Co-determined enterprise (legal foundations, empirical findings, approaches to justification, problems and perspectives), Comparative corporate governance, Accounting and auditing as a sub-area of corporate governance


Qualification Goals

The main aim of the module is to provide students with sound theoretical and practical knowledge in the areas of company valuation and corporate governance. After completing the module, students will be able to

  • recognize and understand the origins and limitations of existing concepts for the valuation and governance of companies in order to develop their own further developments on this basis if necessary,
  • combine theory and practice and
  • apply the specialist knowledge they have acquired critically and responsibly in a wide range of positions within the field of accounting and finance with regard to the possibilities and limitations of current concepts and content.

Prerequisites

None.


Applicability

Module imported from M.Sc. Business Administration.

When studying M.Sc. Business Mathematics, this module can be attended in the study area Business and Economics Focus Area: Accounting and Finance.


Recommended Reading

(not specified)



Please note:

This page describes a module according to the latest valid module guide in Winter semester 2025/26. Most rules valid for a module are not covered by the examination regulations and can therefore be updated on a semesterly basis. The following versions are available in the online module guide:

The module guide contains all modules, independent of the current event offer. Please compare the current course catalogue in Marvin.

The information in this online module guide was created automatically. Legally binding is only the information in the examination regulations (Prüfungsordnung). If you notice any discrepancies or errors, we would be grateful for any advice.