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FTMBA 2020_I 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.
Course code
Course type
FT MBA Course
Weekly Hours
FS 2019
Prof. Dr. Garen Markarian
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the 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
Thursday, 25.04.2019 09:00 - 17:00
Friday, 26.04.2019 09:00 - 17:00
Monday, 29.04.2019 09:00 - 17:00
Tuesday, 30.04.2019 09:00 - 15:00
Thursday, 23.05.2019 09:00 - 12:00
Monday, 27.05.2019 09:00 - 12:30
·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!
Grading is based on the final in-class exam (50%), the mid-term group project (30%) and a group assignment (20%).

Group Assignment and mid-Term Group Project:

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

Final Exam:

The final exam is individual, comprehensive and contributes 50% towards your score for the Financial Accounting section. It covers everything. If you do not do honest effort in the assignments and group final assignments, you will surely fail the final exam.

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