International Regulatory Frameworks
Module no./code, Module name
Module 11 / IRF, International Regulatory Frameworks
3 Credit hours
Type of module
Language(s) of instruction
Language(s) of examination
Courses of the module
|Name||Course type||Credit hours||Links|
|11-01: International Law||Seminaristischer Unterricht||1.5 Credit hours||n/a|
|10-02: International Financial Reporting||Seminaristischer Unterricht||1.5 Credit hours||n/a|
Prof. Dr. Björn Baltzer
- Prof. Dr. Björn Baltzer
Teaching and learning formats
Tuition in seminars (onsite or digital/virtual)
This module deals with the main legal and quasi-legal frameworks that are relevant for doing business in an international setting.
Particular conditions for admission (to exam)
Final exam (written, 120 minutes)
The lectures are weighted by their SWS to derive the module grade.
Condition for award of ECTS credits
- schriftliche Prüfung
Duration of exam
Weighting factor of module grade
This course covers the main fields of law in an international context:
- Basics of Civil Law incl. European Union
- International Trade: Trade Terms, Carriage of Goods by Sea, Air and Rail
- Legal aspects of financing of International Trade: Bill of Lading, Letter of Credit.
- Legal aspects of international mergers & acquisitions: structure of M & A project, set up of project team, confidentiality agreement, letter of intent, due diligence, asset deal/share deal, anti-trust, sample contracts and specific clauses, post-merger integration.
- Resolution of disputes: state courts vs. arbitration panels, pros and cons, presentation of different international arbitration bodies, e.g. ICC, CIETAC etc.
- Basics of International taxation
- Sources of Income
- Transfer Pricing
- Double Taxation
- Tax Heavens
- Basics of international business profits taxation (calculation of business income, personal and corporate income tax, trade tax)
International Financial Reporting
This course is designed to introduce students to the conceptual framework and current practices associated with international financial reporting according to International Financial Reporting Standards (IFRS). Theoretical concepts underlying the presentation of financial statements are combined with the practical techniques of financial analysis. The course particularly aims at providing a user perspective on the role of financial reporting, i.e. the emphasis will be placed on the analysis and interpretation of financial statements and financial disclosures to help improve decision-making, risk assessment, and forecasting. Topics include examination of the components of the balance sheet, the income statement and the statement of cash flows as well as application of the various quantitative techniques of financial analysis.
After successfully completing this module, the students …
- can describe the basic ideas of international law and the consequences hereof
- have insights into the functions of international organisational bodies like the EU.
- know the minimum requirements for international contracts
- know the different methods of avoiding double taxation
- understand the significance of different sources of law
- recognize the impact of legal and tax systems on business decisions
- are able to identify challenges and opportunities for businesses facing internationally diverse tax and legal systems
- can describe the taxation of businesses conducted in different legal forms
- are able to solve easy cases under the regulation of CISG
- can develop short structured outlines of cases for legal / tax departments or involved legal / tax companies
- know the basic elements and concepts of financial statements and the accounting terminology
- can explain how the financial statements are linked together
- understand the evolution of the international regulatory framework for financial reporting
- are familiar with the basic IFRS regulations concerning assets, liabilities, equity, income and expenses
- are able to perform techniques for the analysis of Financial Statements
- comprehend the theory and practices of corporate financial reporting
- can explain the (differing) objectives, recipients and requirements of financial reporting vs. management reporting
- can explain the impact of operating, investing, and financing decisions on financial statements
- understand how financial analysts interpret the financial statements of a company
- can calculate ratios to compare a firm to its competitors and to evaluate changes in ratios over time
- are able to interpret financial statements to enhance the effectiveness of decision-making from different perspectives of stakeholders
Literature and other material
- Ray August: International Business Law (latest edition).
- Malcolm N. Shaw: International Law (latest edition).
International Financial Reporting
- David Alexander et al.: International Financial Reporting and Analysis (latest edition).
- Alan Melville: International Financial Reporting - a practical guide (latest edition).
- International Financial Reporting Standards (IFRS) 2019 - the official standards and interpretations approved by the EU, Wiley-VCH (latest edition).