Financial Accounting (MiM)

What it is about

You will learn double-entry bookkeeping and the preparation of annual financial statements. You will also gain an overview of important IFRS standards and practice the analysis of annual financial statements to assess the position, performance and stability of companies. In the end, you can record business transactions using double-entry bookkeeping, construct individual and consolidated financial statements according to IFRS, and assess the effects of accounting standards and scope for manipulation.

What you will be able to do

• Booking of business transactions with double-entry bookkeeping
• Preparation of individual and consolidated financial statements according to IFRS
• Critical discussion of the impact of new/revised IFRS standards
• Evaluation of essential accounting theories
• Recognizing and assessing leeway for balance sheet policy/earnings management
• Analysis of financial position, performance and stability based on annual financial statements
• Comparison of international companies through financial analysis

What the module consists of

• Online-VorlesungDelivery of relevant methods and theories (Part 1)
• Online-ÜbungDeepening and application of lecture content through exercises and case studies with real annual financial statements (Part 1)
• PräsenzvorlesungRegular lecture on IFRS standards and advanced content (Part 2)
• Integrierte ÜbungExercises are integrated into the presence lecture; application of the content

Teaching method

• VorlesungIntroduction and explanation of relevant methods and theories
• Übungen / FallstudienDeepening understanding through practical tasks and discussion of real annual financial statements
• Moodle / SkripteProvision of materials and assignments for preparation and follow-up