After successful completion of the course, students are able to value unconditional forward contracts and to use them to hedge against foreign exchange risks, interest rate risks, or commodity price risks to increase the firm value.
Furthermore students will be able to value conditional forward contracts and to use them for hedging purposes to increase the firm value.
Forward and Futures
Options
IFRS financial statement issues and valuation methods
Fair Value Hedging, Cash Flow Hedging, Net Investment Hedging
The first session is scheduled for Monday, March 14st, 2023, 18:00 c.t., in class (Bombardier lecture room, first floor Theresianumgasse 27).
The course is currently scheduled taking place in class (Bombardier lecture room), starting time is always c.t. (i.e. 15 minutes after the hour). We may switch to an online format if required by the Pandemic situation in March/April 2023 (i.e. Zoom, TUWEL online Test).
The TUWEL course with all materials (slides, videos (for first part of slides), exercises, take home exams) will be available from March 1st, 2023, onwards.
The document “FMR Outline (2023).pdf” (see TISS for downloading) provides further information about the schedule, assessment, and references.
The predecessor of this course (Financial Management and Reporting (330.215)) is the course Project and Enterprise Financing (330.214). Thus, the course Project and Enterprise Financing (330.314) starts before the course Financial Management and Reporting (330.215). For students taking part in Financial Management and Reporting (330.215) it is highly recommended also taking part in the course Project and Enterprise Financing (330.314) as Financial Management and Reporting (330.215) builds on the knowledge in Project and Enterprise Financing (330.314).
Test 1 (topics of the examination: written, solving of short case examples, achievable number of points: 40)
Test 2 (topics of the examination: written, solving of short case examples, achievable number of points: 40)
Several Take Home Exams (Solving of a case examples, in total achievable number of points: 20)