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Specialization Module Financial Accounting

Winter Semester 17/18

3 lectures every Tuesday starting October 10th: 8:00-9:30, 12:00-13:30, 16:00-17:30 in S01 Seminargebäude

Exam dates: 30.01.2018 8:00-9:00 S01 Seminargebäude or alternatively 07.02.2018 08:45-09:45 Hörsaal II

Objectives and Competencies

Financial statements are the most important source of information about the financial performance of firms for shareholders, lenders, potential investors and other stakeholders such as employees, suppliers, customers, the government, the media and the general public. After attending this class, students will be able to...

  • ...explain how the different financial statements fit together and illustrate the purpose of the underlying concepts, assumptions, principals and financial accounting objectives
  • ...distinguish between who develops the standards, who enforces them, who applies them and who uses them with the aim to assess how the legal environment, relevant institutions and stakeholders affect financial statements
  • ...prepare financial statements under IFRS, i.e., record transactions and apply IFRS recognition and measurement rules
  • ...analyze and evaluate what financial statements tell about a business, i.e., analyze financial statements to assess a firm’s current and future performance and risks
  • ...evaluate how accounting discretion (e.g., accounting choices) affects financial statements and determine potential implications for decision-making
  • ...identify, interpret and use relevant information in financial statements for decision-making in financial statement analysis and valuation


  • Conceptual Framework and Financial Statements
  • Recording Business Transactions
  • Accrual Accounting
  • Presentation of Financial Statements
  • Internal Control, Cash, and Receivables
  • Inventory
  • Property, Plant & Equipment and Intangibles
  • Investment and International Operations
  • Liabilities
  • Shareholders’ Equity
  • The Statement of Cash Flows
  • Financial Statement Analysis and Valuation

Further Details

  • Language: English
  • The module closely follows: Financial Accounting: Global Edition: International Financial Reporting Standards by Harrison, Horngren, Thomas, Suwardy (Pearson Higher Education/Prentice Hall, London, 9th edition) (The book should be available in the library)
  • You will learn the concepts and apply them through examples, textbook cases and financial statements of real companies.
  • You are encouraged to read the financial press and share topics related to the material covered in class.

Evaluation Winter Semester 15/16


Evaluation Winter Semester 16/17


Organizational Details

  • ID: 1016SMFA00
  • Workload: 360 h
  • Credits: 12
  • Semester: 6 SWS
  • Recurrence Frequency: Every Winter Semester
  • Duration: 1 semester
  • Courses: Financial Accounting
  • Attendances: 90 h
  • Self Study: 270 h
  • Group Size: unlimited
  • Teaching Method: Lectures with integrated exercises
  • Requirements Recommended: none
  • Examination method: Written exam KL (60)
  • Requirements of Creditation: Passing the written exam
  • Appearance (in other study programs): Master Business Administration, Specialization Area (Accounting), Master International Management
  • Responsibility: Jun.-Prof. Dr. Julia Nasev