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FTMBA 2021_II Financial Accounting

This course provides a comprehensive introduction to financial accounting. It is explored to understand the accounting techniques and its impact on financial statements. This understanding enables the participants to use accounting for internal management purposes (planning, directing, controlling etc.) as well as corporate communication purposes (capital markets, banks, rating agencies etc.). Moreover, participants obtain a working background which can be extended in further studies in management, finance and other business disciplines.
Kurs ID
Art des Kurses
HS 2020
Prof. Dr. Martin Glaum
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
This course is designed to provide students with an understanding of the practice and the theory of financial reporting, with a focus on International Financial Reporting Standards (IFRS).

IFRS are global financial reporting standards independent from individual national jurisdictions. They are developed by the International Accounting Standards Board (IASB) in London, and they are required or allowed as the basis for the financial reporting of companies in more than 100 countries around the globe. In the European Union, all exchange-listed companies are required to prepare their consolidated financial statements in accordance with IFRS.

The main course objectives are as follows:

  • to acquaint you with the basic techniques of financial accounting.
  • to familiarize you with the main components of (IFRS) financial statements, i.e., the balance sheet, the income statement, and the cash flow statement, and to understand how they relate to each other.
  • to discuss the most important accounting topics that are of relevance to managers, analysts, investors, and other users of financial reporting information, and to explain the
    relevant IFRS rules and requirements for recognition, measurement and disclosure.
  • and to raise your awareness of the economic consequences of financial reporting, from the perspectives of preparers and of users of IFRS financial statements.

Date Time
Wednesday, 16.09.2020 09:45 - 17:00
Thursday, 17.09.2020 09:45 - 17:00
Tuesday, 22.09.2020 09:45 - 17:00
Friday, 25.09.2020 09:45 - 15:15
Tuesday, 20.10.2020 09:45 - 13:00
see detailed description in the course syllabus
see detailed readings in the course syllabus
see detailed description in the course syllabus
Grading is based on the following elements and weights:

- group case assignment (25%)
- exam (75%)

During the second half of the course there will be one graded group caseassignment.

The assignment will be explained to you on September 17, and you will have to submit the assignment electronically and in print form at the beginning of our class on September 22. We will talk about the requirements for the case assignment in more detail in class.

The final exam will be a take home exam. We will test you only on topics that we actually
cover in class. Towards the end of the course, we will summarize the relevant material for you.

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