Track: | All tracks |
Follow-up / Interfaces: | All classes |
Pre-requisites: | Pre-reading and preparation tasks |
Didactics: | Lecture, case studies, individual tasks, plenum discussions, E-learning platform, Computer simulation |
Exam: | Oral and written exam |
ECTS points: | 3 |
Lecturer: | Prof. Dr. Martin Göbl |
The goal of the course is to provide students with an introductory understanding of the meaning and uses of information generated by internal cost accounting as well as external financial reporting. This course is intended to enable participants to make use of cost and financial information in order to analyse the performance of a business and to comment on how this might be improved, and to plan and control the activities of a business. Introduction to Accounting teaches participants to prepare and analyse the three main financial accounting statements - the balance sheet, profit and loss account and cash flow statement.
General learning objectives:
The MBA programme should provide all participants with a substantial knowledge of all relevant business areas and a holistic understanding of the value chain of a commercial company and how the different functions work together. They should have the insight how to organize and steer an organization.
The participants of the MBA programme should gain particular knowledge in the description and analysis of financial data and the rules for financial decision making.
Detailed learning outcomes:
Collier (2015): Accounting for Managers, 5th Ed.
Provided simulation manuals
Mc Laney / Atrill (2008): Accounting. An Introduction, 4th Ed.
Black (2008): Introduction to Accounting and Finance, 2nd revised Ed.
Bhimani / Horngren / Datar / Foster (2008): Management and Cost Accounting
Horngren / Datar / Foster / Rajan / Ittner (2009): Cost Accounting
Krause / Arora (2008): Key Performance Indicators