M.184.5203 Mergers, Acquisitions and Divestures | |
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(Mergers, Acquisitions and Divestures ) |
Koordinator (coordinator): | Prof. Dr. Sönke Sievers |
Ansprechpartner (contact): | Prof. Dr. Sönke Sievers (soenke.sievers[at]uni-paderborn.de) |
Credits: | 10 ECTS |
Workload: | 300 Std (h) |
Semesterturnus (semester cycle): | WS |
Studiensemester (study semester): | 1-4 |
Dauer in Semestern (duration in semesters): | 1 |
Lehrveranstaltungen (courses): | ||||||
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Nummer / Name (number / title) |
Art (type) |
Kontaktzeit (contact time) |
Selbststudium (self-study) |
Status (P/WP) (status) |
Gruppengröße (group size) | |
a) | K.184.52031 / Mergers, Acquisitions and Divestures | Seminar | 70 Std (h) | 230 Std (h) | P | 20 TN (PART) |
Wahlmöglichkeiten innerhalb des Moduls (Options within the module): | ||||||
Keine |
Empfohlene Voraussetzungen (prerequisites): |
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In order to take this course successfully, students should know: English |
Inhalte (short description): |
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The module gives participants an overview of processes that a firm undertakes when engaging in mergers, acquisitions and divestures. In today's competitive environment, this is a common way to adjust a business that requires consideration of various aspects and taking of different decisions. The module focuses on aspects of valuation, accounting and taxation. It builds the process of mergers, acquisitions and divestures on a case of a typical company. The first step of the process is target identification. After potential targets are identified the firm decides whether to proceed with business expansion (e.g., asset deals, share deals, full acquisitions (business combinations)). Since business divestures are also an important part of such deals the module introduces, e.g., spin offs as well. Students get familiar with the procedures and management decisions accompanying each of the steps, e.g. due diligence, tax considerations, financing decisions, valuation procedures and appropriate accounting treatments. Specific concepts related to these procedures are practiced in case studies throughout the module. For example, in case of acquiring a new business the firm has to apply consolidation accounting and perform purchase price allocation procedures. Students will therefore learn how to apply IFRS 3 and IFRS 10 for consolidation accounting. |
Lernergebnisse (learning outcomes): |
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Fachkompetenz Wissen (professional expertise): |
Studierende... 1.1. Have good understanding of the key concepts and aspects of the process of mergers, acquisitions and divestures. |
Fachkompetenz Fertigkeit (practical professional and academic skills): |
Studierende... 2.1. Are able to value a target firm in various circumstances. |
Personale Kompetenz / Sozial (individual competences / social skills): |
Studierende... 3.1. Independently build learning groups to repeat and deepen knowledge that was presented in the module. |
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously): |
Studierende... 4.1. Critically evaluate a specific process of mergers, acquisitions and divestures in practice. |
Prüfungsleistungen (examinations) | |||
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Art der Modulprüfung (type of modul examination): Modulteilprüfungen | |||
Art der Prüfung (type of examination) |
Umfang (extent) |
Gewichtung (weighting) | |
a) | Portfolio | 30 Seiten | 100.00 % |
Studienleistung / qualifizierte Teilnahme (module participation requirements) |
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Nein |
Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations) |
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Keine |
Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points) |
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Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist |
Gewichtung für Gesamtnote (calculation of overall grade) |
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Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1) |
Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes) |
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M.Sc. Taxation, Accounting and Finance |
Umfang QT (participation requirements): |
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Lernmaterialien, Literaturangaben (learning material, literature): |
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Sonstige Hinweise (additional information): |
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Unterrichts- und Prüfungssprache des Moduls ist Englisch. |