Below we provide you with detailed information on the individual study modules: 

1st semester

• Accounting and Taxation Module
  
  In the sub-module "Group Accounting", individual in-depth issues are dealt with based on a basic understanding of group accounting. The sub-module "International Accounting" enables students to interpret the information contained in annual financial statements prepared in accordance with IFRS. Building on the fundamentals of accounting, the submodule "Income Taxes" teaches the basic principles of corporate taxation, including the differences between various legal forms.
   
• Module Capital Markets & Accouting
  
  The basic content of this module is the functioning of capital markets and the question for which purposes the instruments traded on capital markets as well as the information derived from market prices can be used. The sub-module "Global Financial Markets & Financial Products" deals with the general functioning of financial markets and in particular with individual central financial instruments such as bonds, shares or currencies. Financial Engineering & Structured Finance" deals with derivative financial instruments and analyzes how a combination of different instruments can be used to manage risks and generate desired cash flow profiles. The sub-module "Corporate Valuation" uses information derived from capital market prices, such as the cost of capital, to value companies.
   
• Module Corporate Finance I
  
  The sub-module "Applied Corporate Finance" covers the fundamentals of corporate finance with the central shareholder value approach. In particular, selected levers of value enhancement and financial analysis such as working capital management are applied theoretically and practically on the basis of case studies. In the sub-module "Entrepreneurial Finance and Venture Capital", you will gain a sound insight into entrepreneurial thinking and action as well as how equity investors evaluate investments, especially in start-ups; special attention is paid to innovative forms of financing.
   
• Module Methodology and Key Competencies I
  
  The sub-module "Optimizing Conversations and Negotiations" teaches the basics of successful communication as well as techniques of good conversation and negotiation management. The sub-module "Change and Project Management" deals with project management processes and know-how against the background of effective stakeholder management. The aim of the sub-module "Presentation Techniques" is independent and responsible presentation of even complex issues, taking into account the biographical and situational situation of the audience (personal competence/ independence).
   

2nd semester

• Module Financial Services and Asset Management

The sub-module "Capital Market, Stock Exchange and Supervisory Law" deals with the legal foundations for the functioning of modern capital markets to protect the rights of market participants. In the sub-module "Financial Psychology and Behavioral Economics", the capital market theoretical knowledge and models are complemented by the behavioral science dimension, with which actual market events can be better explained than under the premise of completely rational behavior. The practical process of portfolio management is the subject of the submodule "Asset Management", from strategic asset allocation to performance measurement of portfolio managers.

• Module Information Management

Topics of the sub-module "Business Modeling and Data Analytics" are selected topics from the area of financial modeling and data analytics. The lecture includes the practical use of the most important Excel tools, functions and new analysis techniques, through the use of data analytics tools. In "Enterprise Resource Planning" there is an introduction to Information Management and ERP systems. The sub-module "Data Warehousing and BI" teaches the basics of data warehousing, business intelligence and financial performance management.

• Module Corporate Finance II

The Corporate Finance II module consists of the sub-modules "Due Diligence", "Capital Investment Management" and "Corporate Management". In the context of "Due Diligence" you will learn to derive and manage M&A strategies from parameters of the corporate strategy as well as to independently perform due diligence analyses (especially financial due diligence) and to assess analysis results. In the sub-module "Capital Investment Management"  you will deal intensively with the methods and principles of capital allocation in large companies with several business units in order to make well-founded selection decisions of capital projects taking into account, for example, the investment life cycle, also optimizing the overall portfolio. In the "Company Valuation" submodule, you will apply company valuations to empirical cases, analyze annual financial statements and assess the plausibility of planning calculations. As the icing on the cake, you will acquire basic knowledge in the structure of a financial model and be able to develop simple valuation models yourself.

• Module Methods and Key Competencies II

The learning objectives of the sub-module "Business Storytelling" are the independent, planned and verbally and non-verbally effective use of stories in business, both during presentations and in marketing and PR (instrumental competence), learning about and implementing the latest research findings from brain research, behavioral psychology and business administration (communicative competence) and taking into account the latest developments in global capitalism, management and communication media (systemic competence). The sub-module "Leadership Behavior" is about getting to know and applying the most important leadership tasks such as agreeing on goals and passing on information, delegation and decision-making behavior, work organization, control and steering, motivation and promotion, coping with stress and conflict situations. The sub-module "Research Methodology" provides the scientific-theoretical basics for the later preparation of the master's thesis.
 

3. Semester (alternatively: semester abroad at a partner university)

• Module Governance, Risk & Compliance
  
  The subject of the module is the regulatory market interventions with which the state attempts to ensure the good functioning of markets and companies. The sub-module "GRC for companies and financial service providers" addresses risk management processes and internal control systems. "Governance & Compliance" deals with the elements of corporate governance and compliance and their significance for companies and their governing bodies. The sub-module "Regulation of Companies" uses a variety of case studies to address how the state intervenes in market activities in different industries in order to achieve a better market result.
   
• Module Auditing: Methodology and Audit of Annual Financial Statements*
  
  The sub-module "Auditing Methodology and Audit of Annual Financial Statements" addresses the professional profile, function and working methods of the auditor, supplemented by the sub-module "Current Developments", in which current issues in auditing are discussed. In the sub-module "Professional Law and Special Audits", the topics of professional law (the auditing profession, organization of the auditing profession, professional supervision and quality control, professional principles, professional framework conditions, liability) and special audits (formation audit of a stock corporation, audits of changes in equity, audits of financial service providers, insolvency law over-indebtedness audit and audit of insolvency, audit of the ability of companies to restructure) are discussed.
   
• Controlling Module*
  
  Topics of the sub-module "Controlling Tools" are the instruments of strategic controlling as well as the basic instruments of operational controlling. In the sub-module "Cost Management", the structure and management areas of cost management as well as selected instruments of cost management are addressed. In the sub-module "Stakeholder Controlling and Reporting", participants learn about various concepts of controlling from different perspectives.
   
• Module International Consulting*
  
  The module aims to enable students to provide management consulting services in an international context. Students should be familiar with the challenges, working methods, methodology and techniques of international management consulting and be able to successfully consult independently in a corporate context that is previously unknown to them. In the market for international management consulting, there are companies that focus on the top management topics of strategy and organizational consulting. These topics of "Strategic Consulting" are characterized by independent questions and methods. Operational topics with a great closeness to the lived everyday life of the organization and directly experienceable effect in the implementation, i.e. the goal of "Corporate Performance Enhancement" are addressed differently in consulting, which is then the target of a second course in this module. The module is rounded off by the sub-module "Business Communication".

4th semester 

• Preparation of the master thesis 

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* Selection of 2 out of 3 study modules.

+++We will mail you the module manual on request (christiane.weinerth@hwg-lu.de).+++