guest lectureship on the topic "Functional Business Valuation Theory"

In the winter semester 23/24, Prof. Dr David Rapp from the Institut Supérieur de Gestion/ISG International Business School Paris offered the course "Functional Business Valuation Theory" in the Business Valuation Case Studies module of the Business Management Master's programme, with a specialisation in "Accounting and Audit". All students on this specialisation took part in Prof. Dr. Rapp's lectures.

The Master's students thus had the opportunity to work on current and cross-border topics in business valuation. The focus was primarily on sustainability aspects in business valuation. In Prof. Dr. Rapp's lectures, which formed the theoretical basis of the module, students were given an insight into the theory of functional business valuation theory at the start of the semester.

Following the theoretical phase of the module, the students tested what they had learnt in practice together with Prof. Dr. Matthias Weimann. Together with a practice partner from Luxembourg, they applied their theoretical skills to the business valuation of a wind park located in Germany.

Sustainable Development Goals played a role in both the theoretical foundation part and the practical part of the event, as sustainability aspects have to be factored into a business valuation. It was discussed whether companies that do not operate sustainably should be given a discount rate to be determined as a risk deduction in the valuation in order to take future risks into account in the valuation. In the practical part, the reference to SDGs resulted from the fact that a large wind park in northern Germany was evaluated.

What is special about this cooperation is that not only the participating Master's students benefited from Prof. Dr. Rapp's guest lectureship. The aim is to make the cooperation permanent, enabling both regular student exchanges and further guest lectureships in Trier and Paris.