Introduction to Financial Accounting, Group B
Course code
ACCT101
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
HS 2021
Language
Englisch
Lecturers
Juniorprof. Dr. Barbara Maria Beatriz Stage
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.
Course content
After introducing the purposes of financial accounting, this course imparts the elemental skill of double-entry book-keeping. Learning the fundamentals of double-entry book-keeping will be the main goal of this course. On this basis, fundamental principles and theories of financial accounting and reporting are discussed. The focus of the remainder of the course is on the preparation and interpretation of the basic financial statements: balance sheet, income statement, and cash flow statement. Overall, the course shall enable students to understand the basics of financial accounting, read financial statements and apply the gained knowledge in latter courses to enable them to analyze the information provided by financial reporting.
Class dates
| Date | Time |
|---|---|
| Tuesday, 05.10.2021 | 08:00 - 11:15 |
| Tuesday, 07.09.2021 | 08:00 - 11:15 |
| Wednesday, 15.09.2021 | 08:00 - 11:15 |
| Wednesday, 22.09.2021 | 08:00 - 11:15 |
| Wednesday, 29.09.2021 | 08:00 - 11:15 |
| Tuesday, 12.10.2021 | 08:00 - 11:15 |
| Wednesday, 15.12.2021 | 09:00 - 12:00 |
Learning outcomes
Double-entry book-keeping, financial accounting theory
Literature
Financial Accounting – International Financial Reporting Standards“NinthEditionbyHarrison Jr./Horngren/ Thomas/Suwardy
Learningmethods
Lecture includingcase study examples
Exam
Exam