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PTMBA2024_Core A - 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 2022
Prof. Dr. Garen Markarian
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].
Accounting is “the language of business”. It is spoken by managers, employees, investors, financial analysts, internal and external auditors, supervisory boards, management accountants, bankers and other decision makers with whom managers regularly interact. It is widely agreed that future business leaders need to understand this language in order to be able to interpret and use financial statements and other accounting information for internal management purposes (e. g. planning, directing, controlling) as well as corporate communication purposes (e. g. capital markets, banks, rating agencies).If you want to compete in this arena, it will be useful for you to acquire a working knowledge of accounting. This class is targeted to students having little, if any, background in financial accounting.

This is probably the hardest, and most important, course in your MBA curriculum. At the end of the day, numbers are what matter in the business world. You just cannot escape it, hence, you should learn it well.

The working knowledge provided in this course can be extended in further studies in accounting, finance and other business disciplines, including the specialization course “Financial Statement Analysis & Equity Valuation”.

Date Time
Sunday, 18.09.2022 08:45 - 17:45
Sunday, 16.10.2022 08:45 - 17:45
Sunday, 30.10.2022 08:45 - 17:45
·Master the mechanics of financial accounting;

·Understand the structure, functions, and interrelation of the basic financial statements (balance sheet, income statement, and cash flow statement);

·Be able to perform a structured fundamental analysis of financial statements in order to assess a firm’s profitability, liquidity, and solvency;

·Be familiar with the IFRS rules governing the recognition and measurement of key activities, events and transactions, including intangible assets, property, plant and equipment, liabilities, and shareholders’ equity; and mergers and acquisitions.

See course packet that is attached. I have instructed the MBA office not to print anything for you. Read everything from the screen – is the fastest way for you (trust me). I will update the textbook multiple times a semester, so, printing multiple times will be a total waste!
The course consists of lectures, in-class group activities, assignments, and a final exam.

During the lectures, material will be presented and discussed in class. Active participation in class discussions is strongly encouraged. Below, under “Sessions and Assignments”, you will find the relevant sections in the textbook. Studying these readings enhances your learning.

Grading is based on the final individual exam (60%) and the final group assignment (40%).

Group Assignment:

The Group Assignmentserves to further deepen your understanding. Do not discuss the assignment with other human beings, outside of your groups.

Final Exam:

The final exam is comprehensive and it covers everything. It holds major similarities to the individual assignment above. It will be done in the classroom in a 60 minute period.

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