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FTMBA 2024_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
MBA ACCT521
Course type
FT MBA Course
Weekly Hours
2,5
ECTS
2.0
Term
FS 2023
Language
Englisch
Lecturers
Prof. Dr. Martin Glaum
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.
This course is designed to provide students with an understanding of the practice and the theory of financial reporting. More concretely, the main course objectives are as follows:
  • to acquaint you with the basic techniques of financial accounting and reporting;
  • to familiarize you with the main components of 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 introduce and discuss the requirements for recognition, measurement and disclosure with regard to the most important accounting topics that are of relevance to managers, analysts, investors, and other users of financial reporting information; and
  • to raise your awareness of the economic consequences of financial reporting, from the perspectives of preparers and of users of IFRS financial statement.

Throughout the course, we will focus primarily on International Financial Reporting Standards (IFRS), but will also talk about other standards where appropriate, for example, German accounting standards (HGB) or US accounting standards (US GAAP).

Date Time
Tuesday, 02.05.2023 09:00 - 16:30
Wednesday, 03.05.2023 09:00 - 16:30
Tuesday, 09.05.2023 09:00 - 16:30
Wednesday, 10.05.2023 09:00 - 14:45
Monday, 22.05.2023 09:00 - 13:00
see detailed description in the course syllabus
• Alexander/Britton/Jorissen/Hoogendoorn/van Mourik (2020), International Financial Reporting and Analysis, 8 th edition, Cengage Learning. • Harrison/Horngren/Thomas/Tietz/Suwardy (2018), Financial Accounting, 11th edition, Pearson.• Picker/Clark/Dunn/Kolitz/Livne/Loftus/van der Tas (2016), Applying International Financial Reporting Standards, 4th edition, Wiley.• Stolowy/Ding/Paugam (2020), Financial Accounting and Reporting, A Global Perspective, 6 th edition, Cengage Learning.
see detailed description in the course syllabus
Grading is based on the following elements and weights:

- exam (100%)

We will talk in detail about the format and the content of the exam in class. The exam will focus 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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