Accounting and Annual Financial Statement: As businesses constantly execute financial transactions including sales, purchase, payments etc. students will learn to book those transactions in the course of the account systems. The accumulation of all transactions is recorded in the annual financial statements. Those provide an overview of the financial condition of an enterprise. All information regarding the business is presented in a structured manner. To filter the required internal and external accounting information from the report, managers and investors must be capable of reading and interpreting financial statements. Students will therefore learn to read annual financial statements and understand them in detail. The first part of the course comprises the fundamentals of financial accounting as part of the organisational bookkeeping and annual reporting. The course will continue with the system of accounting transactions and annual statements. Within the scope of double-entry bookkeeping students will learn to execute accounting transactions on their own. In the fourth part students will organise transactions in standard forms of accounting on their own. The course closes with a comprehensive view as a basis for closing accounts. Foundations of Accounting: Managers and investors require internal and external accounting information for business and investment decisions.
Accounting and Annual Financial Statement: During the 90 minutes written examination students have to accomplish various bookings in standard forms of accounts. Finally all of those are merged in the closing account. In the written examination, students are supposed to demonstrate their abilities: Understand the fundamentals of financial accounting Book specific transactions in standard forms of accounts Read and interpret annual financial statements Select and identify relevant information from the statement Foundations of Corporate Accounting: The aim of this course is that students will be able to understand the principles of both management and financial accounting systems. By the end of the course, it is expected that the students understand and are able to apply management accounting systems in different settings. In addition, students will gain an understanding in developing and analysing annual financial statements under German GAAP. In the written examination, students are supposed to demonstrate their abilities: to solve problems effectively within a limited period of time, to transfer and integrate knowledge, methods and theory from lectures and workshops, to present their solutions in a coherent and sophisticated manner, to select and identify the most relevant aspects first.
|Number of credit hours per week||7|
|Presence of students||On-campus|