5441337304

Bachelorof Arts in Business Administration Majors (Sixth and Seventh Semester)

Munich University of Applied Sciences Winter Semester 2010/11

MODULE NO.:	174
TITLE:	Balance Sheet Analysis & Due Diligence
MODULE TYPE: LANGUAGE OF INSTRUCTION:	Compulsory German
TEACHING METHODS:	Seminar
SEMESTER:	6. Semester
CHW:	4
ECTS-CREDITS	4
FREOUENCY:	Weekly
REGULATORY RESPONSIBILITY:	Prot. Dr. Rodt / Dr. Trauttmansdorff
LECTURER:	Prot. Dr. Rodt / Dr. Trauttmansdorff
CORRESPONDING COURSES:	171,173	PRERECHJISITES:	Principles of business, bookkeepinq, balancinq
ASSESSMENT METHOD:	WE	STUDY AIDS TO BE USED IN EXAMS:	Calculator
OBJECTIVES:	Students are able to:
	•    Analyse and compare the published annual reports of different companies with the help of their structure and different ratios •    Determine the company value of different businesses on the basis of
	different methods
CONTENT:	•    Preparation of balance, earnings statement and notes •    Performance analysis with business ratios such as business performance, labour cost intensity, unadjusted margin, EBIT. •    Analysis of profitability with return ratios such as net profit ratio, DuPont Tree,
	returns on assets.
	•    lnvestment/Asset structure analysis with the help of asset ratios such as total Capital turnover, inventory rangę of coverage, receivables coverage... •    Financing/Capital structure analysis with equity and debt quota •    Liquidity analysis with cash ratio, cash flow and Capital flow accounting •    Reasons for operations audit •    Capitalisation interest (cost of equity (CAPM, multiple factor model), cost of debt, weighted average cost of Capital (WACC)) •    Methods for operations audit (trademark evaluation model centred on substance/substantial/essentials, liquidation model, gross receipts method, Average method, Discounted Cash Flow, Adjusted Present Value, Real options, Sum of the parts- valuation, Economic Values Added (EVA)) •    Ratios for operations audit (E.g. stock price/ win relation, cash flow per stock, market capitalisation ....) •    Cash Flow ratios
RECOMMENDED LITERATURĘ:	Kuting, K.H., Weber, C.P., Becker, C.: Die Bilanzanalyse Abschlussen nach HGB und IFRS, Schaffer-Poeschel		Beurteilung von
	Coenenberg, A.: Jahresabschluss u. Jahresabschlussanalyse Heese, B., Gruber, W.,: Bilanzanalyse und Kennzahlen: Fallorientierte Bilanzoptimierung, Gabler Ballwieser, Unternehmensbewertung, ProzeB, Methoden und Probleme, aktuelle Auflage, Schaffer-Poeschel Drukarczyk, J., Schuler, A.: Unternehmensbewertung, aktuelle Auflage, Vahlen Wiehle, U./Diegelmann, M./u.a.: Unternehmensbewertung: Methoden, Rechenbeispiele, Vor- und Nachteile, aktuelle Auflage, Cometis