Managerial Accounting & Bookkeeping (Accounting I)

 
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Overall goal is that the students gain theoretical and practical knowledge in bookkeeping and managerial accounting as preparation for interdisciplinary leadership roles.

Learning objectives

After successfully completing this course, the students will have acquired the following learning outcomes:

Knowledge/Understanding:

  • understanding of financial accounting systems and processes,
  • fundamental knowledge of financial reports and how they are derived from double-entry bookkeeping,
  • understanding of an enterprise’s financial objectives and their relevance for corporate decision-making,
  • are able to apply decision-oriented methods of cost category, cost center and cost unit accounting,
  • apply these methods of financial accounting to diverse decision situations in different managerial contexts.

Abilities/Skills:

  • are able to apply decision-oriented methods of cost category, cost center and cost unit accounting,
  • apply these methods of financial accounting to diverse decision situations in different managerial contexts.

Content

Focus topics in "bookkeeping":

  • Structure of financial reports
  • Double-entry bookkeeping
  • Treatment of relevant events (business transactions) during the financial year
  • Treatment of other relevant events at the end of the financial year

Focus topics in "management accounting":

  • Introductory case study
  • Cost category accounting
  • Cost center accounting
  • Cost unit accounting
  • Application of management accounting methods in selected decision situations
  • Cost analysis

General Information

  • Admission prerequisites: none
  • Frequency of offer: every winter semester
  • Scope of the course: lecture and exercise: 4 SWS
  • Examination modalities: written exam (60 minutes); Opportunity to submit homework under Dynexite
  • Lecturer: H. Ketteniß, P. Letmathe, C. Nadler