Modulhandbuch

Managerial Finance & Accounting

Empf. Vorkenntnisse

Grundlegende Kenntnisse der Mathematik und der Statistik.

Lehrform Vorlesung
Lernziele

Das Modul erklärt zunächst die grundlegenden Begrifflichkeiten und Methoden aus den Unternehmensfunktionen Kosten- und Leistungsrechnung, Finanzierung und Investitionsrechnung sowie der Rechnungslegung und Berichterstattung sowie des Finanz-Controllings. Es werden die in der Praxis jeweils vorherrschenden Inhalte und Methoden des jeweiligen Fachgebietes vermittelt und vertieft. Im Einzelnen handelt es sich dabei exemplarisch um: traditionelle und neuere Verfahren der Kostenrechnung, Werttreiberüberlegungen, die komplette Außen- und Innenfinanzierung von Unternehmen, Cash Flows sowie Sonderthemen, wie Derivate und Hedging, Rechnungslegung und Berichterstattung nach IFRS und grundlegende Inhalte der kennzahlengestützten Bilanzanalyse im Rahmen des Finanz-Controllings. Detaillierte Inhaltsangaben können den einzelnen Lehrveranstaltungsbeschreibungen entnommen werden. Die Studierenden verstehen die Zusammenhänge und Abhängigkeiten der Funktionsbereiche Finanzen, internes und externes Rechnungswesen, Controlling und Berichterstattung. Sie sind ferner in der Lage, die in den Bereichen vorherrschenden Methoden und Vorschriften adäquat auf Praxisfälle anzuwenden. Daraus abgeleitet werden Sie befähigt, fundierte Managemententscheidungen zu treffen oder vorzubereiten und mögliche Spielräume für ihre Unternehmen zu nutzen.

Dauer 2 Semester
SWS 10.0
Aufwand
  • Lehrveranstaltung:112,5 h
  • Selbststudium/
    Gruppenarbeit:277,5 h

  • Workload:390 h
ECTS 13.0
Voraussetzungen für Vergabe von LP

K180

Modulverantw.

Prof. Dr. Thilo Seyfriedt, CPA

Empf. Semester PGM 1 / PGM 2
Häufigkeit jedes Semester
Verwendbarkeit

Die Inhalte des Moduls können ebenfalls für MBA-Studiengänge und allgemeine betriebswirtschaftliche oder wirtschaftsingenieurwissenschaftliche Masterstudiengänge anderer Hochschulen verwendet werden.

Veranstaltungen Financial Reporting & Controlling
Art Vorlesung
Nr. B+W719
SWS 4.0
Lerninhalt

A fundamental understanding of Annual Reports and International Accounting Rules 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 rules and regulations. As the IFRSs have reached global acceptance in recent years, an insight into the rules is a must in management education.

The Financial Reporting instruments under IFRS a s 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 local 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.

After achieving the basic accounting qualifications mentioned above the students additionally will learn and discuss the International Financial Reporting Standards commonly used in industry in detail. They will practice and adopt their knowledge on more specific and advanced case studies and will get insight into the IFRS-rules. The IFRS will be referenced to published financial statements of local companies that are generated in line with International Financial Reporting Standards. The discussion of IFRS will include the most up to date rules and regulations for the accounting period.

To conclude the learned topics the students will use all their achieved knowledge in the light of Financial Controlling to analyze and interpret selected Annual Reports. The use of ratios will be taught and practiced.

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.

The course will be supported by the integration of an online e-learning module "Financial Statement Analysis" and several online e-learning modules "IFRS-Standards" as well as an Audio-Learning-tool on "Financial Statement Analysis".

Literatur

Die aktuelle Literaturliste wird in der Lehrveranstaltung bekannt gegeben. Auszug aus der Literaturliste in jeweils aktueller Auflage:
Feldman / Libman: Crash-Course in Accounting and Financial Statement Analysis, 2nd edition, New Jersey USA: John Wiley & Sons, 2007.
Mirza / Holt / Orrell: IFRS: Workbook and Guide, 2nd edition, New Jersey USA: John Wiley & Sons, 2008.
Wiley-Text: IFRS 2009: Official Standards Approved by the EU, 3rd edition, Weinheim: Wiley-VCH Verlag, 2009.
The New York Times: Analyzing Financial Statements: 25 Keys to Understanding the Numbers, 1st edition, New York USA: Lebhar-Friedmann, 1999.
Epstein / Mirza: Wiley-IFRS: Interpretation and Application of IFRS, 3rd edition, New Jersey USA: John Wiley & Sons, 2006.
Tracy: How to Read a Financial Report, 8th edition, New Jersey USA: John Wiley & Sons, 2014.
Buchholz, R.: Internationale Rechnungslegung, 11. Auflage, Berlin: Erich Schmidt Verlag, 2014.

Managerial Accounting
Art Vorlesung
Nr. B+W717
SWS 2.0
Lerninhalt

Introduction:
Objectives of managerial accounting are defined and compared to the purposes of financial accounting. The essential costing terms are defined and discussed with regard to the main task of cost accounting: measuring the value consumption and creation in business processes.

Traditional costing, actual costing:
The essential aspects of costing are presented: cost element plans, cost center structures, allocation of costs, job order costing, product costing and profitability analysis. The procedures of costing are demonstrated in case studies.

Standard costing, flexible budget:
The disadvantages of traditional costing concerning cost analysis and decision planning are discussed. The results are taken as an incentive to look for target-oriented methods.
The elements of standard costing/flexible budget are presented. The procedures of this method in overhead costing, job order and product costing and profitability accounting are applied in a case study.
Result: The budget and analysis processes of this approach provide for a better information base concerning efficiency evaluation and decision planning. Based on the data framework of the case study students undertake planning and analysis activities by means of MS-Excel.

Literatur

Die aktuelle Literaturliste wird in der Lehrveranstaltung bekannt gegeben. Auszug aus der Literaturliste in jeweils aktueller Auflage:

Foundations:
Blocher, Chen, Cokins, Lin: Cost Management - a strategic emphasis, 1st edition New York USA: Mcgraw-Hill Education, 2005.
Brock, Herrington: Cost accounting - principles and applications, 7th edition, New York USA: Mcgraw Hill Education, 2006.
Däumler, K.D., Grabe, J.: Kostenrechnung Bd. 1, 11. Auflage, Berlin-Herne: NWB Verlag, 2013.
Ebert, G.: Kosten- und Leistungsrechnung, 10. Auflage, Wiesbaden: Gabler Verlag, 2004.
Haberstock, L.: Kostenrechnung I, 12. Auflage, Berlin: Erich Schmidt Verlag, 2004.
Horngren, Foster, Datar: Cost Accounting - a managerial emphasis, 16th edition, London UK: Pearson Education, 2017.
Humme, S., Männel, W.: Kostenrechnung, 4. Vollständig überarbeitete Auflage, Wiesbaden: Dr. Th. Gabler Verlag, 1986.
Langenbeck, J.: Kosten- und Leistungsrechnung - Grundlagen, Aufbau und Anwendung, 2. Auflage, Berlin-Herne: NWB Verlag, 2011.
Larson, Wild, Chiappetta: Fundamental Accounting Principles, 15th edition, New York USA: Mcgraw-Hill Education, 2000.

Advanced:
Däumler, K.D., Grabe, J. Kostenrechnung Bd. 3 - Plankostenrechnung, 8. Vollständig überarbeitete Auflage, Berlin-Herne: NWB Verlag, 2009.
Haberstock: Kostenrechnung II - Grenzplankostenrechnung, 10. Auflage, Berlin-Herne: NWB Verlag, 2008.
Horvath: Target costing, 1. Auflage, Stuttgart: Schäffer-Poeschel Verlag, 1993.
Joos-Sachse: Controlling, Kostenrechnung und Kostenmanagement, 4. Auflage, Wiesbaden: Gabler Verlag, 2006.
Kilger, W., Pampel, J., Vikas, K.: Flexible Plankostenrechnung und Deckungsbeitragsrechnung, 12. Auflage, Wiesbaden: Gabler Verlag, 2007.
Michel, Torspecken, Jandt: Neuere Formen der Kostenrechnung mit Prozesskostenrechnung - Kostenrechnung 2, 5. Auflage, München: Carl Hanser Verlag, 2004.
Remer, D.: Einführen der Prozesskostenrechnung, 2. Auflage, Stuttgart: Schäffer-Poeschel Verlag, 2005.

Finance & Investment
Art Vorlesung
Nr. B+W718
SWS 4.0
Lerninhalt

The need of fundamental knowledge of Finance as a source of cash, whether externally or internally generated, and its use by investing is an essential knowledge for every businessman and event for every non-business person. Furthermore, the optimal capital structure and the ability to improve capital returns and the awareness of inherent risks and related rewards is a challenge for companies and their managers.

Starting with the explanation of terms and definitions, the role and necessary knowledge of Finance Managers will be displayed before financial markets are discussed and explained. The student will get information, explanations, homework and corresponding case studies for all of the following topics covered in the lectures. Investment valuations, criteria and commonly used valuation methods; Cash Flows; Risk, Return, Capital Budgeting and Cost of Capital; Financing with equity, securities, debts and dividend policy; financing alternatives like Leases, Asset Backed Securities and other; Financial Planning; Working Capital Management, Short term planning and decisions; Risk Management, Hedging and Derivatives and finally basics of Mergers and Acquisitions.

To improve the student's presentation skills, selected Finance and Investment topics and advanced 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.

Literatur

Die aktuelle Literaturliste wird in der Lehrveranstaltung bekannt gegeben. Auszug aus der Literaturliste in jeweils aktueller Auflage:
Brealey, R. / Myers, S. / Marcus, A.: Fundamentals of Corporate Finance, 7th revised edition, New York USA: Mcgraw-Hill Education, 2011.
Reuben, A.: The Wall Street MBA: Your Personal Crash Course in Corporate Finance, 1st edition, New York USA: Mcgraw-Hill Education, 2010.
Megginson, W. / Smart, S. / Lucey, B.: Corporate Finance, 1st edition, Boston USA: Cengage Learning EMEA, 2008.

Any Corporate Finance Book published after approx. 2005 is principally suitable (e.g. Library)
Real world finance offers of banks, insurance companies, Lease companies etc.


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