Accounting
Module profile
Programme
Module no./code, Module name
Module 4 / ACC, Accounting
Duration
1 Semester
Frequency
nur Wintersemester
ECTS credits
6 Credits
Type of module
Pflichtmodul
Language(s) of instruction
Englisch
Language(s) of examination
Englisch
Study mode
- Vollzeit
Courses of the module
Name | Course type | Credit hours | Links |
---|---|---|---|
Financial Accounting | Seminaristischer Unterricht | 2 Credit hours | n/a |
Managerial Accounting | Seminaristischer Unterricht | 2 Credit hours | n/a |
Workload
Total workload
180 h
Attendance time
45 h
Self-study time
90 h
Exam preparation
45 h
Organisation and Exam
Module manager
Prof. Dr. Rainer Wehner
Lecturer(s)
- Prof. Dr. Björn Baltzer
- Prof. Dr. Rainer Wehner
- ggfweitereprofessoren
Teaching and learning formats
Tuition in Seminars
Case Studies
Applicability
This module is the basis for understanding the financial resources in a business unit. It prepares students for various majors like Controlling, Taxation or Finance.
In BIM relevant for Module 14 Law and Taxation
Programme semester
1. Semester
Particular conditions for admission (to exam)
Multiple Choice: possible; Auxiliary material: non-programmable pocket calculator
Condition for award of ECTS credits
- schriftliche Prüfung
Duration of exam
120 Minuten
Contents, Learning Outcomes & Literature
Module contents
Financial Accounting:
This course provides basic knowledge:
- Into the importance of financial, the legal standards and accounting entries
- Into Double - Entry Accounting Systems
- In the understanding of Merchandising and Inventory, Internal Control, Cash, and Receivables
- How to deal with Assets, Liabilities and Depreciation
- How to prepare Financial Statements (Balance sheet, Profit & Loss Statement, Cash Flow Statement)
Managerial Accounting:
Managerial serves as a company’s internal language, and is used for decisionmaking, production management, product design and pricing. This course provides:
- An introduction to the fundamentals of management accounting.
- A presentation of the main costing system (absorption costing, process costing, activity-based costing, marginal costing)
- the use of managerial accounting for decision making (e.q. cost-volume-profit analysis)
- an introduction to budgeting, standard costing and variance analysis
Learning outcomes
Level: Reproduction
The students...
- are familiar with double-entry bookkeeping
- define and give examples of variable costs and fixed costs
- describe the concept of debit and credit, the general journal and posting of transactions
- distinguish between product costs and period costs and give examples of each. The prepare an imcome statement including calculation of the cost of goods sold
Level: Knowledge an Comprehension
The Students...
- classify and interpret invoices and VAT
- identify each of the three basic manufacturing cost categories
- notice the needs of accounting for other departments
Level: Problem Solving
The Students...
- analyse the effects of transactions on the accounting equation
- work independently and develop solutions
- prepare a trial balace, adjusting the accounts and prepare the income statement and balance sheet
Literature and other material
- Collis, J. Management Accounting, Palgrave Macmillan, current ed.
- Loughran, M: Financial Accounting
- Ittelson, T: Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
- FHWS - Papers, Cases, Slides