Accounting and Financial Statements

Faculty of Business Management and Social Sciences

Version 19.0 of 03/15/2021

22B1282

Rechnungswesen und Bilanzierung

• Betriebswirtschaft und Management - WiSo (B.A.)
• Internationale Betriebswirtschaft und Management (B.A.)
• Wirtschaftsrecht (Bachelor) (LL.B.)

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We teach students the fundamentals of Accounting in order to make them capable to keep bookkeeping records and prepare financial statements on case study level (complexity) along IFRSs and/or HGB. The students should understand the differences between applied GAAPs, i.e. between HGB and IFRSs.

Bookkeeping, balance sheet (incl. subsequent valuation of non-current assets and inventory valuation), income statement, statement of cash flows, statement of changes in equity, notes

Knowledge Broadening
students will learn Accounting along HGB and IFRSs and will deepen their basic knowledge in Accounting
Knowledge Deepening
Students will achieve deepening knowledge in fields of the application of IFRSs and/or HGB, such as subsequent valuations, manufacturing accounting, disclosure of liabilities, revenue recognition etc.
Instrumental Skills and Competences
Students are able to apply different Accounting standards and can discuss differences between HGB and IFRSs. Students can evaluate financial statements of existing corporations.
Communicative Skills and Competences
Students can describe and discuss different Accounting problems along IFRSs and HGB and can describe differences thereof. The can discuss Accounting with experts and non-Accountants, such as engineers for example.
Systemic Skills and Competences
Students can prepare financial statements on a case study level. They further have the capability to increase their knowledge in order to prepare financial statements for real corporations. Students know how to gather information for Accounting and where to receive the newest standards to apply.

Basics of Accounting based on the text book Berkau, C.: Basics of Accounting - Bookkeeping, Financial Statements and Management Accounting. 4th edition, UVK-Lucius: Konstanz, München 2017

Berkau, Carsten

• Berkau, Carsten
• Wendehals, Marion
• Balzer, Heike
• Melanie Frieling

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Berkau, C.: Bilanzen, 5. Aufl., Konstanz, München: UTB 2020Berkau, C.; Financial Statements. 5e. Konstanz, München: UTB 2020Berkau, C.: Basics of Accounting - Bookkeeping, Financial Statements and Management Accouting. 5th edition. Konstanz, München: UVK-Lucius 2018

• Two-Hour Written Examination
• Homework / Assignment
• Viva Voce

Financial statement preparation along IFRSs and/or HGB

1 Term

Winter and Summer Term

German and English