Module Manual Financial Management

Compulsory Modules: Financial Management

3FW-BWLMA-10 Foundations of Business Administration and

Marketing

Students gain an overview of the foundations of

business administration. They are familiar with

the basic categories of modern management

theory and are introduced to marketing mindsets,

instruments and methods.

1st Semester 5 ECTS

3FW-WIMA-10 Business and Financial Mathematics

The module imparts basic mathematical

knowledge of analysis, linear algebra and linear

optimization and extends it to the requirements of

economics.

1st Semester 5 ECTS

3FW-BÜRE-10 Civil Law (BGB)

The module provides an introduction to the basic

structures of private law in general and civil law in

particular. Focus is placed on contractual law as

the core of private law and the economic system.

Furthermore, the module offers an introduction to

the elements of public law.

1st Semester 4 ECTS

3FW-FIBU-10 Financial Accounting

The module deals with the main areas and tasks

of accounting. It focuses on the principles and

techniques of double-entry accounting.

1st Semester 4 ECTS

3FW-BILA-20 Balancing and Taxes

Building on the technique of double-entry

accounting, the module deals with the conceptual

principles of external accounting and the

elements of financial reporting. Starting from the

economic purpose of accounting, students are

introduced to the legal framework and the

concrete structure of national commercial law

(HGB) and international accounting (IFRS).

Furthermore, the module addresses the basic

principles and systematics of selected types of

business taxes (income tax, corporation tax,

VAT) and the procedural law of the German

Fiscal Code.

2nd Semester 5 ECTS

3FW-MIKRO-20 Microeconomics

Students acquire fundamental knowledge of

economics, which enables them to analyze and

assess business management issues from an

economic perspective. Focus is placed on the

mediation of microeconomic issues.

2nd Semester 5 ECTS

3FW-STAWA-20 Statistics and Probability Theory

This module imparts the mathematical-statistical

methods and the principles of probability theory

as a basis for implementation in sound empirical

scientific work.

2nd Semester 5 ECTS

3FW-MAKRO-30 Macroeconomics

This module provides students with a basic

understanding of macroeconomic

interrelationships, which includes both real

economic and monetary aspects.

3rd Semester 5 ECTS

3FW-WIRE-30 Commercial Law

The module imparts the basic knowledge of

commercial law relevant to the practical part of

the degree program. Focus is placed on

commercial and corporate law as well as labor

law.

3rd Semester 4 ECTS

3FW-ORPER-40 Organization and Personnel Management

The module addresses organization as an

important management function. Moreover,

students are introduced to the principles of

project management, its tools and methods, the

acquisition of knowledge about the performance

spectrum of personnel management as the sum

of the employee-related organizational and

administrative tasks in the company.

4th Semester 5 ECTS

3FW-WIPOL-40 Economic Policy and Business Ethics

The module discusses the importance of

stabilization policy in the context of economic,

monetary, labor market and financial policy and

considers the problems of the globalization

process from an economic and social policy

perspective. The module also includes an

introduction to the basic problems of general

ethics and the presentation of current concepts of

economic and business ethics.

4th Semester 5 ECTS

3FW-STRAF-50 Strategy in the Financial Services Market

The module aims imparts solid knowledge related

to the corporate strategic behavior of financial

service providers. Students apply interactive

teaching methods to learn how to classify

financial service providers as part of the overall

economy and to derive the effects that changing

conditions have on the optimal corporate

strategy.

5th Semester 4 ECTS

Compulsory Modules: Banking

3FW-GRUBA-10 Foundations of Banking Management

The module aims to impart knowledge of the

nature and tasks of banks in the context of

society as a whole and the various banking

services. Payment transactions and the deposit

business are comprehensively discussed, taking

into account legal regulations.

1st Semester 6 ECTS

3FW-BFENG-12 English for Business and Financial Services

This English language module meets the needs

of Bachelor students in a cooperative degree

course, provides an introduction to general

aspects of business and finance in a company

environment and offers an intercultural

perspective.

1st + 2nd Semester 4 ECTS

3FW-WPMT-20 Securities Management

Students are familiarized with essential asset

classes with their characteristics, risks and

returns, including the legal and tax framework for

financial instruments. Further emphasis is placed

on the related services and ancillary services

provided by credit and financial services

institutions.

2nd Semester 5 ECTS

3FW-FIMA-30 Financial Management

The module focuses on the management of

financing and investments as core financial

issues. Furthermore, students gain an

understanding of the contents and methods of

balance sheet analyses.

3rd Semester 5 ECTS

3FW-WIFIU-30 Business Informatics for Financial Institutions

This module deals with the economic relevance

of implementing modern information technology.

Starting from the potential of information

technology with its basic functionalities, the

module also discusses the necessity of

systematic design, targeted channeling and exact

publication of information.

3rd Semester 5 ECTS

3FW-KRED-30 Credit Business

Students acquire comprehensive knowledge of

financing services provided by financial

institutions and their legal framework. Focus is

placed on imparting knowledge of types of

financing and their loan collateral in private and

corporate customer business as well as in the

public sector.

3rd Semester 5 ECTS

3FW-WOGM-40 Value-oriented Business Models

Students reflect on the idea of the business

model and its delimitation and overlaps with

competing approaches. They get to know

marketing and sales as two central dimensions of

business model design. Furthermore, students

acquire knowledge of cost and performance

accounting.

4th Semester 5 ECTS

3FW-BBENG-34 Basic English for Banking

As the second step within a three-level modular

business English course, this part systematically

develops key language skills for efficient

communication in the fields of banking. Great

emphasis is placed on helping students boost

their lexical range (banking terminology).

3rd + 4th Semester 4 ECTS

3FW-DERIV-40 Derivates

The module aims to impart profound knowledge

of derivative financial instruments in terms of

structure, function, calculation bases and areas

of application.

4th Semester 5 ECTS

3FW-RISKB-50 Risk Management in Banks

The module aims to impart profound knowledge

of risk management as a multidimensional

system. Students acquire knowledge of the

typical risks of banking transactions including

their analysis, measurement and control.

5th Semester 5 ECTS

3FW-CFINV-50 Corporate Finance and Investment Banking

The part focusing on corporate finance aims to

impart fundamental knowledge of capital market

theory, corporate financing and valuation. The

part on investment banking deals with services

that go beyond the classic financing business.

5th Semester 5 ECTS

3FW-VERSI-50 Insurance Management

The module aims to impart fundamental

knowledge of the insurance business. Students

are enabled to understand the characteristics of

different insurance services.

5th Semester 5 ECTS

3FW-BAST-60 Bank Management

The module aims to provide profound knowledge

of bank management. Main emphasis is placed

on knowledge of the legal framework, the models

for determining banking success and the

derivation of business policy objectives. The

business game simulates banking business

areas such as volume and interest business,

asset management, marketing and the personnel

deployment of a bank, taking into account

different customer segments.

6th Semester 5 ECTS

3FW-UNTFÜ-60 Corporate Management

Starting from the company life cycle and the

levels of corporate management, the module

addresses questions of normative, strategic and

operational management of companies. Students

are provided with a theoretical foundation which

enables them to discuss their practical

experience in business in order to derive

management recommendations for everyday

corporate life. In this context, particular emphasis

is placed on questions of normative and strategic

corporate management, business and corporate

ethics, employee management and operational

controlling.

6th Semester 6 ECTS

3FW-VERMA-60 Sales Management

Building on marketing expertise, the module

imparts knowledge of the contents and specifics

of marketing in the banking and financial services

sector.

6th Semester 4 ECTS

Compulsory Modules: Insurance Management

3FW-VGLVM-10 Foundations of the Insurance Industry

In this module, students gain an insight into the

economic activities of an insurance company.

References are made to sub-areas of general

economics and insurance management.

Moreover, the module provides an introduction to

the social security system in Germany and

imparts essential principles of insurance contract

law and insurance supervisory law.

1st Semester 6 ECTS

3FW-VPKSV-20 Private Automobile, Property and Asset

Insurance

The module aims to impart and present the

classic and, in terms of turnover, most important

area of composite insurance. In the private

customer segment, this includes the structural

units of property insurance, liability insurance,

automobile insurance and legal costs insurance.

2nd Semester 5 ECTS

3FW-VENBA-12 Basic English for the Insurance Business

This English language module meets the needs

of Bachelor students in a cooperative degree

course, provides an introduction to general

aspects of business and finance in a company

environment and offers an intercultural

perspective.

1st + 2nd Semester 4 ECTS

3FW-VDLWM-30 Service-oriented Value Creation Models

Students reflect on the idea of the business

model and its differentiation from and overlap

with competing approaches. They become

acquainted with marketing and sales as two

central dimensions of business model design.

Students acquire basic knowledge of the legal

systematics of data protection and learn to apply

components of secure communication within

computers and computer networks.

3rd Semester 5 ECTS

3FW-VFMKR-30 Financial Management and Cost Accounting

The module focuses on the quantitative analysis

of the financial statements and management

reports to be published annually in accordance

with the German Commercial Code (HGB) and

international accounting standards (IFRS).

Moreover, students learn how to present internal

company information from the field of cost and

performance accounting. Further contents of the

module include approaches to value creation and

knowledge about making investment and

financing decisions.

3rd Semester 5 ECTS

3FW-VPKAV-30 Personal Retirement and Risk Provisioning

Students gain an overview of the product range

in the area of personal retirement and risk

provisioning in private banking. Starting from the

structure and significance of the German

retirement provision system as well as future

influencing factors and developments, the

module presents product solutions from the

individual insurance sector. Apart from insurance

solutions, this also includes bank products and

real estate as possible provision options. In the

area of personal risk provision, the products of

accident, occupational disability, private health

and nursing care insurance are presented with

respect to risk aspects, benefit features and

special tax features.

3rd Semester 5 ECTS

3FW-VENIB-34 Intermediate English for the Insurance Business

As the second step within a three-level modular

business English course, this part systematically

develops key language skills for efficient

communication in the fields of business and

insurance. Great emphasis is placed on helping

students boost their lexical range (insurance

terminology)

3rd + 4th Semester 4 ECTS

3FW-VGKSV-40 Commercial Automobile, Property and Asset

Insurance and Company Pension Schemes

This module deals with the importance of

company pension schemes and the forms they

4th Semester 5 ECTS

take. They are examined in the light of labor, tax

and social security law. Furthermore, the module

aims to provide comprehensive knowledge of

automobile, property and financial loss insurance

in the commercial customer segment.

3FW-VDVWS-40 Data Management Systems

This module deals with the relevance of

implementing modern information technology. On

the basis of the graduate profile requirements,

this module imparts the potential of IT for

handling structured data, especially databases,

the handling of documents in sales, consulting

and management processes and the general

conditions for achieving high quality and reliability

IT support.

4th Semester 5 ECTS

3FW-VUNCO-50 Corporate Management and Management

Accounting

Students are familiarized with methods of

managing strategies and structures, their

application and their limits. Further emphasis is

put on personnel management as part of

corporate management, which is geared towards

the targeted influencing of employee behavior.

5th Semester 5 ECTS

Compulsory Modules: Insurance Management; Area of Specialization: Insurance Sales and Financial

Consulting

3FW-VRSVM-50 Strategic Sales Management

This module deals with all risk categories in an

integrated approach taking into account current

developments. Special attention is paid to the

implementation of risk management in the

companies. Furthermore, the module conveys

topics on strategic thinking, competitive

advantages and customer benefits. Students

participate in a business game to become

acquainted with the importance of marketing,

sales, reinsurance, investment business and

management accounting. They are enabled to

understand the interdependencies between these

areas. Participants make independent

entrepreneurial management decisions for an

insurance company. Moreover, they acquire a

deeper understanding of the business

management characteristics in the insurance

industry.

5th Semester 5 ECTS

3FW-VRFAL-50 Financial Investment Products

The module imparts knowledge of essential asset

classes including their characteristics, risks and

returns as well as the legal and tax framework for

financial instruments.

5th Semester 5 ECTS

3FW-VROVM-60 Operative Sales Management

Students acquire knowledge of methods and

instruments of successful sales management.

They are able to assess the significance and role

of sales in a company and understand the

interaction between marketing and sales tasks.

6th Semester 6 ECTS

3FW-VRFVB-60 Management of a Brokerage Company

This module provides students with information

on successful self-employment, raises their

problem awareness and discusses solutions for

self-employment related issues. Students are

familiarized with methods and instruments for a

successful business start-up and management.

Particular emphasis is placed on quality and time

management in brokerage firms.

6th Semester 5 ECTS

3FW-VRKBM-60 Customer/Consulting Management in Sales

This module introduces the classical and new

consulting concepts that are subsequently

applied in exercises. Students develop strategies

for consulting situations and practice them on the

basis of practical examples and simulated

conversations.

6th Semester 4 ECTS

Compulsory Modules: Insurance Management; Area of Specialization: Risk and Claims Management

3FW-SMRIS-50 Risk Management

The module covers all risk categories in an

integrated approach. Particular attention is paid

to the decision on the insurability of complex risks

in the area of property insurance. Students

participate in a business game to become

acquainted with the importance of marketing,

sales, reinsurance, investment business and

management accounting. They are enabled to

understand the interdependencies between these

areas. Participants make independent

entrepreneurial management decisions for an

insurance company. Moreover, they acquire a

deeper understanding of the business

management characteristics in the insurance

industry.

5th Semester 5 ECTS

3FW-SMSTM-50 Strategic Claims Management

In this module, students acquire knowledge about

the strategic differentiation of companies in the

competitive environment and the generation of

added value for customers. Furthermore, the

5th Semester 5 ECTS

module discusses claims management as a

strategic success factor for companies.

3FW-SMOPS-60 Active Claims Management

The module deals with the positioning of claims

management in the conflict area between

customer satisfaction, claims expenditure and

claims handling costs.

6th Semester 6 ECTS

3FW-SMSRE-60 Simulation of Claims Settlement Cases

The module is divided into two parts. On the one

hand, students receive theoretical input in the

areas of materials science and image

documentation. On the other hand, they

independently apply this knowledge to concrete

problems in the laboratories under the guidance

of experienced laboratory engineers .

6th Semester 5 ECTS

3FW-SMVKM-60 Negotiation and Conflict Management in Claims

Processing

This module presents claims management as a

central element of customer management.

Students are enabled to move confidently in the

conflict area between customer interests and

company interests. In various situations, they

practice mediative action as a form of mediation

in conflict.

6th Semester 4 ECTS

Compulsory Elective Modules: (At least 2 of the below modules must be completed under

consideration of the respective admission requirements.)

3FW-WPPRF-50 Project Funding

Based on the knowledge of financing, in

particular the credit business, equity finance,

capital market products and municipal finance,

students apply and deepen their knowledge by

structuring and implementing project funding for a

private or public infrastructure project.

5th Semester 5 ECTS

3FW-VAWVS-50 Sales for Claims Management / Claims

Management for Sales

The module enables students to understand and

implement efficient claims management as a key

factor in the insurance industry. Using examples

and hands-on exercises, the module also

describes the process of thorough claims

management.

5th Semester 5 ECTS

3FW-VBWBE-50 Fraud Management

In this module, students are familiarized with the

issues of insurance abuse and fraud. This

includes methods for detecting and professionally

processing such cases. The topic is embedded in

aspects of supervisory, criminal and data

protection law.

5th Semester 5 ECTS

3FW-VCWQM-50 Quality Management of Services

This module imparts basic knowledge of

techniques and procedures of quality

management of services and their application.

5th Semester 5 ECTS

3FW-WPVM-60 Asset Management

The module focuses on a comprehensive

examination of special asset classes such as real

estate and alternative investments, which are

particularly used in private banking.

6th Semester 5 ECTS

3FW-VBWBP-60 Business Planning/Business Case Management

This module aims to impart advanced business

management knowledge and skills for drawing up

business plans. In teams, students then develop

a business plan on the basis of a concrete case

study.

6th Semester 5 ECTS

3FW-VCWDT-60 Design Thinking

The overall objective of this module is the

sustainable improvement of professional skills in

the field of key qualifications. Students gain

decision-making competence to select and apply

a suitable methodology for solving concrete tasks

under transdisciplinary conditions. Through

iteration, the module covers the entire design

cycle, from a first idea to the final prototype.

6th Semester 5 ECTS

Practical Modules: Banking

3FW-PMKI-10 Credit Institutions and their Environment

Students acquire fundamental knowledge of

credit institutions and other financial service

institutions. Focus is placed on the economic,

social, competitive and regulatory factors

influencing the activities of credit institutions.

Furthermore, this module aims to develop

students' communication, presentation and

moderation techniques and to deepen their

knowledge in the context of presentations.

1st Semester 6 ECTS

3FW-PMBG-20 Services, Processes and Developments in the

Banking Industry (Foundations)

Students are familiar with the theoretical

principles covered in the modules of the first

semesters and are able to transfer this

knowledge to financial management practice.

Students acquire basic knowledge of the various

products/services, processes or developments

related to the practice company and/or

cooperation partners. The module includes an in-

class seminar where the requirements for the

writing of scientific papers are discussed in group

work.

2nd Semester 6 ECTS

3FW-PMDK-30 Services and Costumer Consulting

The third practical module provides students with

comprehensive knowledge of the investment and

credit business as well as services related to

payment transactions. Focus is placed on the

various forms of financing and offers relating to

investment and payment transactions of the

practice company and of cooperation partners

including their legal framework conditions, the

concrete design and their conditions. Further

emphasis is laid on the acquisition of knowledge

concerning the sale of financial services as well

as the practice and analysis of consulting and

sales talks.

3rd Semester 6 ECTS

3FW-PMBV-40 Services, Processes and Developments in the

Banking Industry (Consolidation)

The module aims to provide comprehensive and

well-founded knowledge of the services and

developments/trends in the banking industry.

Students analyze the services and framework

conditions of the banking industry and draw

conclusions about perspectives and trends. They

also analyze the processes within financial

service providers and develop potential

recommendations for optimization.

4th Semester 6 ECTS

3FW-PMSBW-50 Specializations in the Banking Industry

Students consolidate and deepen their theoretical

knowledge and practical experience in the field of

banking management. They identify possible

areas of specialization and choose a particular

path in agreement with their practice partner.

They independently acquire in-depth knowledge

in the chosen field of specialization and thus

systematically prepare themselves for the

professional discussion.

5th Semester 6 ECTS

Practical Modules: Insurance Management

3FW-VPKWU-10 Knowledge and Expertise: Companies and their

Environment

Students are familiar with the theoretical

principles of the first-semester modules and are

able to transfer this knowledge to business

practice. During the in-class seminar, students

develop communication, presentation and

moderation skills as a basic requirement for

successful cooperation.

1st Semester 6 ECTS

3FW-VPVAR-20

Expertise and Application: Review of Current

Contracts/Recording of Damages and Costumer

Contact

Students are familiar with the theoretical

principles of the second-semester modules and

are able to transfer this knowledge to business

practice. The module includes an in-class

seminar where the requirements for the writing of

scientific papers are discussed in group work.

2nd Semester 6 ECTS

3FW-VPVAK-30

Application and Analysis: Analysis of Current

Contracts /Damage Analysis and Costumer

Consulting

Students acquire sound knowledge of the various

products/services of the practice company and/or

cooperation partners either in the area of

personal retirement and risk provision or in

claims management. They take on tasks in

customer consulting and private customer sales

and deal with data protection regulations. In an

in-class seminar, they learn how to practice sales

in a theory-based manner.

3rd Semester 6 ECTS

3FW-VPVSR-40

Analysis and Synthesis: Evaluation of Current

Contracts/Damage Evaluation and Customer

Consulting

The module aims to provide a comprehensive

and well-founded knowledge of the current

economic framework conditions. Students

analyze technical-technological, economic, legal,

social, socio-cultural and environmental-

economic factors influencing the business

activities of their own practice company and draw

conclusions about perspectives and trends.

Further focus is placed on the essential aspects

of teamwork, which are developed and tested.

4th Semester 6 ECTS

3FW-VPVBS-50

Synthesis and Assessment: Assessment of the

Design of Current Contracts/Damage

Assessment and Comprehensive Customer

Consulting

The module aims to strengthen students'

independence, develop their competences and

enable them to make decisions on the basis of

their knowledge of products and services offered

by their practice companies. Furthermore,

students demonstrate their ability to think in an

analytical and critical-constructive manner.

5th Semester 6 ECTS

Bachelor Thesis

3FW-BAFW-60 Bachelor Thesis

The module includes the completion of a

bachelor thesis and its defense. The bachelor

thesis deals with selected topics in the field of

finance. The seminar aims to help students find

topics and to support them in their scientific

approach.

6th Semester 10 ECTS