International Corporate Finance

The course will focus on International Corporate Finance (ICF). ICF, sometimes known as international microeconomics, deals with the monetary interactions of multinational firms. The strategy of the course consists of 3 basic components: Part I - International financial reporting: International financial reporting provides companies, investors, regulators and other financial markets participants, with a standardized way to describe the financial performance of an entity. Part II - Capital budgeting: Capital budgeting is the planning process used to determine, whether an organization's long term investments, such as new machinery, plants, products and R&D projects are worth the funding of cash, through the firm's capital structure. Part III Corporate valuation: Corporate valuation is a process used to estimate the economic value of a firm. It is exploited by the people involved, to determine the price they are willing to pay or receive, in order to effect a sale of a business. In addition, corporate valuation may resolve disputes related to tax issues, divorce litigation etc.