Philip Dahrmann, M.Sc.

The tutorial complements the lecture in “Finance” by providing a structured environment for deepening students’ understanding through applied problem-solving. Each week, students are assigned exercises and small real-world finance problems to solve independently as homework. During the tutorial sessions, these solutions are reviewed and discussed in class, encouraging active participation, critical thinking, and peer-to-peer learning. The focus lies on reinforcing key concepts such as time value of money, investment appraisal, and risk-return analysis, while also strengthening analytical and communication skills.

The tutorial complements the lecture in “Finance” by providing a structured environment for deepening students’ understanding through applied problem-solving. Each week, students are assigned exercises and small real-world finance problems to solve independently as homework. During the tutorial sessions, these solutions are reviewed and discussed in class, encouraging active participation, critical thinking, and peer-to-peer learning. The focus lies on reinforcing key concepts such as time value of money, investment appraisal, and risk-return analysis, while also strengthening analytical and communication skills.

The tutorial complements the lecture in “Finance” by providing a structured environment for deepening students’ understanding through applied problem-solving. Each week, students are assigned exercises and small real-world finance problems to solve independently as homework. During the tutorial sessions, these solutions are reviewed and discussed in class, encouraging active participation, critical thinking, and peer-to-peer learning. The focus lies on reinforcing key concepts such as time value of money, investment appraisal, and risk-return analysis, while also strengthening analytical and communication skills.

This course establishes a link between the external valuation of companies (e.g., by investors and analysts),
and the internal practices that top executives apply to manage a company in a value-based manner. It thereby demonstrates the link between the areas of accounting, corporate finance, and management control.

The course covers the following topics (not exhaustive):
• Essential theories and purposes of valuation using financial statements
• Valuation methods (e.g., earnings, cash, or assets)
• Analyses of profitability and risk
• Financial forecasting and trend analyses
• Diffusion of Value-based Management (VBM)
• Empirical evidence on the antecedents and performance effects of VBM
• Internal VBM-tools, selected fields of application, and stakeholder implications
• Real-life valuation examples (selected topics with practice partners)