Elective courses in Semester 5 and 6


The course first covers basic concepts of entrepreneurship. Then, the relatively new concept of business models is discussed and applied to the generation of customer-oriented business ideas. The capture and illustration of these ideas are demonstrated with the approach of the “business canvas.” This is followed by discussions of the development of a business plan which structures the ideas more formally and is always needed when support from outside parties is needed (e.g., banks, venture capitalists, business angels, or government agencies). Specific subjects that help a start-up to survive are treated in the last part of the course. [More]

Topics in International Corporate Governance, Accounting and Auditing

Corporate governance is defined as a set of policies, processes, and customs by which an institution is directed. The reading intensive course should enable students to distinguish between different corporate governance systems as well as to understand the role accounting and auditing play within corporate governance. The course has a seminar-style character. It comprises of a mix of lectures and student presentations. The course will cover the areas International Corporate Governance, Auditing and Enforcement of Accounting Standards. Each topic will be introduced by lectures and case studies followed by student presentations. Students will discuss the regulatory environment of different jurisdictions, board responsibilities and related research papers.[More]

Mangement Control

When companies reach a certain size it will become difficult for owners or leaders to give all employees detailed instructions on how to perform certain tasks. Management control mechanisms are then important to guide the managers in the company, so that they contribute in the best possible way to the total value creation of the company. In this course we discuss, for example, what responsibilities each unit in the organization should have, what goals to set for the units, how to measure the value creation of the units, how to use incentives in the organization, principles of transfer pricing, and different tools such as budgeting, rolling forecasts and balanced scorecard. [More]

Risk Management

Risk management is a core competency of all firms. Financial risks (market risk, credit risk, business risk and liquidity risk) as well as non-financial risks (operational risk, reputational risk and strategic risk) are of growing importance across industry sectors. Recent events demonstrated that risk culture and risk governance is still not fully developed at many firms. Thus, while presenting some techniques for quantifying risks, this course is more focused on the qualitative elements of risk management. [More]

Entrepreneurial finance and private equity

The main aim of the course is to provide a thorough understanding of the main challenges of entrepreneurial finance and how they are approached by private equity firms.

What are the main fundamental challenges of young firms especially from a financial point of view?

Private equity (especially venture capital)  firms are in the US,  but also in Europe and more and more in Asia one of the main vehicles to overcome these challenges and to make young firms grow and prosper. The course will look into the main mechanisms of the private equity approach. The underlying philosophy of the module is to carve out the special features and mechanisms of entrepreneurial finance and private equity by comparing them to other investors and to the conventional corporate finance approach. [More]

International Economic Issues

Starting from an assessment of today’s international economic situation, in a global perspective, the aim of this lecture is to understand the role of trade, innovation and comparative advantages in the positioning of a national economy in the world of tomorrow. Examples will be taken from both the European Union, where Sustainable Development and Green Growth is paving the way for a future expansion and ASEAN currently being in the integration process. Examples will further be applied to the context and economic situation of Vietnam. [More]


The aim of the course is to provide you with basic knowledge and skills of econometric analysis. After successfully attending the course, you will be able to apply the  knowledge to the investigation of economic relations and processes, and also to understand econometric approaches, methods, and conclusions met in most  economic books and articles. In particular, you should understand essential differences between time series and cross sectional data, get to know  the  specific  econometric  problems met when  working  with such data, and learn methods  to deal with these problems. The considered methods  and models will be practiced on real economic data with modern econometric software (EViews).[More]

International Auditing

The students are to learn about the techniques and strategies applied by external auditors (independent auditors) when auditing financial statements.The course goal is that students increase their knowledge in auditing financial statements and learn about the strategies and techniques applied by external auditors. The course is based on the International Standards on Auditing (ISA) that are issued by the International Auditing and Assurance Standards Board (IAASB) as part of the International Federation of Accountants (IFAC). As for the theoretical part, an overview of the standards is given. For practical insights examples from own experience are used by the lecturer during the course. In addition, numerous case studies on audit failures help the students to understand the theoretical content of the course.[More]

Compensation and Benefits

This course aims to give broad introduction to the management of employee compensation and benefits (C&B). Starting with discussions about the importance of C&B to workers and firms, proceeding to theoretical foundations of wage setting and the effects of C&B practices on organizational performance. The role of C&B in strategic management of human resources will also be mentioned together with practical implications for the design of C&B schemes. [More]

Vietnamese Accounting Standards (VAS)

VAS is an elective course for BSc Accounting and Finance. It aims to develop knowledge and understanding of Vietnamese Accounting Standards (VAS) and apply VAS in accounting for typical business transactions. We integrate VAS into a financial accounting course with a practical orientation. Therefore, this module is useful for students who contemplate a career as an accountant as well as analyst of financial statements. Classes combine interactive lectures and discussions about VAS and practice. [More]

Research Skills and Academic Writing

This course is intended for business and finance students with an aim to develop their research skills and academic writing to be able to perform a research assignment. The course will introduce and provide the students with such skills as: identifying a research topic, constructing research questions, making use of available literature, formulating hypotheses, designing a research strategy, collecting and analysing data in order to derive useful conclusions and solutions to the problem. Academic writing will also be part of the course to help students write up a report to communicate those solutions to relevant users, and an abstract for their research. Being provided with basic methods of doing research in business and the steps in completing a research task, students will be able to understand the principles and logic in doing research, identify common sources of error and biased research results. Students can recognize research limitations and propose avenues for improvement and further studies as well. [More]


As participant of this research driven lecture you will receive an overview about leadership theories, current new leadership theory developments and principal strategic and operative leadership topics that arise in companies and the economy. We will interactive discuss in the class topics such as leadership in strategic management and globalised economies, approaches of leadership effectiveness, leadership that transforms the company from "good to great", leadership and generation Y or leadership in competitive decision making and negotiations, team leadership and leading with emotional, social and cultural intelligence.[More]