In this module, students are taught international accounting principles, which are becoming more and more important for internationally operating companies. In particular, they are taught the development of international accounting as well as German and international accounting regulations for group accounting and consolidation procedures for subsidiaries, joint ventures and associates. Finally, goodwill accounting is taught.
After successful completion of the module, students understand international accounting principles, which are highly important for globally oriented companies regarding external reporting as well as internal controlling due to the internationalisation of merchandise markets and capital markets. In particular, students know the accounting standards developed by the International Accounting Standards Board (IASB). By the end of this module, students are able to understand different aspects of financial accounting and consolidation based on national and international standards. They are able to apply these topics to little case studies and explain them to others.
|Number of credit hours per week||4|