Accounting

22C9011

Bachelor

Chinese

5.0

only winter term

1 semester

This module introduces business accounting and demonstrates how accounting information can be used to support an organisation’s management in decision-making and control. It also offers an understanding of the fundamentals of recording transactions, the content of financial reports and the basics of the interpretation of published accounting information.

1. This module begins with a discussion of the three different types of businesses (manufacturing, merchandising and service) and types of business organisation (proprietorship, partnership, and corporation).
2. Next, it offers an overview of accounting as an information system, business ethics and the accounting profession.
3. Following this introductory information, the course explains the accounting equation and begins the discussion of recording business transactions in accounts.
4. The course ends with examples of how to prepare financial statements and how to analyze a balance sheet using the ratio of liabilities to owners’ equity.

The total workload for the module is 150 hours (see also "ECTS credit points and grading").

• Portfolio exam

The portfolio exam consists of:

PFP1: a one-hour exam (30%) and a two-hour exam (70%)
PFP2: a written project report (30%) and a two-hour exam (70%)
PFP3: a written project report (30%) and a written paper (70%)

Written examination: in accordance with the valid study regulations

Written project report: approx. 15-20 pages

Written paper: approx. 10-15 pages

The requirements are specified in the relevant class.

None

Students who successfully complete this module understand the economic operation of different organisations in China and abroad.

Students who successfully complete this module are able to check and supervise the economic operation in different organisations to ensure they comply with accounting regulations.

Students who successfully complete this module are able to anticipate future trends of the accounting business and give reasonable advice.

Students are encouraged to critically discuss topics they have come across (in scientific or practical sources) and that are relevant to the information covered by this module.

• Legal and organisational basics of accountancy
• Concept of accounting according to IFRS
• Principles of accounting and standard of value
• Making up of single-entity financial statement considering all components of the annual financial statement and their positions
• Coherence between the valuation of tax and commercial law
• Introduction to the module FI of the SAP R/3 system (opening and ending balance sheet, GuV: profit and loss) by means of case studies

Students who successfully complete this module demonstrate effective teamworking and presentation skills.

The module enables the participants to illustrate how business transactions and bookings of private enterprises are technically fulfilled. The students will learn to prepare closing statements and to set up the end-of-year protocol for private and public sector enterprises (regional administrative bodies and public enterprises). Likewise, the participants are to be able to analyse end-of-year procedures.

This course deals mainly with accounting cycle, recording process, accounting for merchandising and financial statement analysis. After completing this course, the students will be able to master the basic concepts, theory and methods of financial accounting and understand international accounting standards and practice. The students are expected to be able to understand how to use and interpret accounting information.

Microeconomic Theory and Policy

• International Event Management Shanghai (IEMS), B.A.

• Werner, Kim

• Werner, Kim

Wei, Wu