Modulhandbuch

Accounting

Empf. Vorkenntnisse

Basic knowledge in Business Administration.

Lehrform Vorlesung/Seminar
Lernziele

Knowledge of tools and methods of Internal and External Accounting

Ability to implement the achieved knowledge in

  • consulting projects in Accounting
  • consulting projects (which are not related to Accounting) in  which the tools of this module are used (representative for many project contents: Turnaround Management consulting, Logistics consulting).
Dauer 1 Semester
SWS 4.0
Aufwand
  • Lehrveranstaltung:45 h
  • Selbststudium/
    Gruppenarbeit:105 h

  • Workload:150 h
Leistungspunkte und Noten

Written examination (90 min).

The module grade is factored in 6/90 in the final grade.

ECTS 5.0
Modulverantw.

Prof. Dr. Rainer Fischer

Max. Teilnehmer 20
Empf. Semester 1
Häufigkeit jedes Jahr (WS)
Verwendbarkeit

The content of the module can also be used for the University's own part-time program "General Management" as well as for general business or industrial engineering master programs of other universities (in Germany and abroad).

Veranstaltungen Cost Management
Art Vorlesung
Nr. IBC-03-01
SWS 2.0
Lerninhalt

A) Managerial Accounting Systems
Development of the reference model of Costing:
Costing processes measure the value consumption and value creation of business processes. This is organized in the different costing areas:
• Cost element accounting
• Cost center accounting (overhead costing)
• Product costing
• Profitability accounting

Methods applied in these areas depend on the industry branch which a company belongs to.
The training in these methods is based on case studies and supported by software tools (Ms-Office, SAP ERP®).

B) Traditional Costing vs. Cost Management
Discussion of the weaknesses of traditional actual costing, definition of Cost Management as a target-oriented costing approach.

Literatur

Horngren, Foster, Datar, Cost Accounting - a managerial emphasis, Prentice-Hall 2000.

Horngren, Bhimani, Datar, Foster, Management and Cost Accounting, Prentice-Hall 2005.

Brock, Herrington, Cost accounting - principles and applications, McGraw-Hill 2006.

Blocher, Chen, Lin, Cost Management - a strategic emphasis, McGraw Hill 2000.

Larson, Wild, Chiappetta, Fundamental Accounting Principles, McGraw Hill 1999.

Kimmel, Weygandt, Kieso, Principles of accounting, John Wiley 2005.

Financial Accounting and Reporting I
Art Seminar
Nr. IBC-03-02
SWS 2.0
Lerninhalt

A fundamental understanding of Financial Accounting, Annual Reports and International Financial Reporting Standrads and the ability to interpret them nowadays is a matter of course for every manager. To be able to adequately interpret Annual Reports and to make decisions on the data, it is necessary to understand the underlying accounting techniques, rules and regulations. As the IFRSs have reached global acceptance in recent years, an insight into the rules is a must in management education.

Financial Accounting procedures and the Financial Reporting instruments under IFRS as well as the implications of the above-mentioned rules are explained and discussed in case studies. Interrelations between the Reporting instruments under IFRS are explained and made obvious for the students. Furthermore, published financial statements of publicly listed companies that are generated in line with International Financial Reporting Standards are analyzed. The students also will create their own Financial Statements based on accounting transactions and case studies to build up a general understanding of Financial Accounting and Reporting.

All teaching subjects will be supported by in-class case studies and additional, advanced homework case studies. All case studies come along with sample solutions and will be discussed in-class.

To improve the student's presentation skills, selected Rules and Case-studies will be solved in student-teams. Additional reading is required as basis to solve advanced case studies and to apply the learned topics. The respective results will be presented to the other students and the instructor. To also improve in-class understanding and progress the students will be instructed for pre-reading, self-study after every in-class lecture and the pre-reading is required and helpful for succeeding lessons.

 

Goals:

Soft Skills:

  • Improve diversity, in particular by working in international, multi-ethnic teams to achieve measurable results
  • Improve presentation skills by repeatedly presenting the results of group assignments.
  •  Improve self-study ability. 

Hard Skills:

  • Achieving a general understanding of Financial Accounting, the accounting equation, the double entry bookkeeping system and the interrelations between internal and external Accounting.
  • Ability to prepare, read, analyse and interpret the 3 basic financial statements (Balance sheet, Income Statement and Statement of Cashflows).
  • Achieving a deeper insight into Financial Accounting, International Financial Reporting Standards and the presentation of Financial Statements.
  • Acquiring the qualification to evaluate the imoact of the strategic decision making on the fiscal year statement.
Literatur

In-class materials, handouts and script.

Annual Reports.


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