Cost  Accounting

2-hour lecture and 2-hour exercise in the summer semester

In the module the basics of cost accounting are presented and assessed, broken down into cost element, cost centre and cost unit accounting on the basis of full cost accounting. The content is supplemented by the subject area of operating profit accounting and an introduction to partial cost accounting. After completing the module students should not only be able to record various cost types, carry out internal activity allocation and prepare product and operating result accounting, but also critically assess the methods and develop them further if necessary.

Further information can be found in the associated OPAL course.

Basics of Financial Accounting

2-hour lecture and 2-hour exercise in the winter semester

The module starts with the question of why accounting is necessary and presents and assesses the fundamentals of accounting in accordance with HGB and IFRS. The balance sheet, income statement / statement of comprehensive income and other statements and reports are analysed. The focus is on the preparation of the balance sheet with the basic accounting issues of recognition, disclosure and valuation of assets and capital. After completing the module students should be able to prepare annual financial statements and management reports in accordance with HGB and IFRS, assess the appropriateness of the regulations and develop them further if necessary.

Further information can be found in the associated OPAL course.

Operational Management Accounting

2-hour lecture and 2-hour exercise in the winter semester

The main task of operation management accounting is to agree on calculatory performance targets and ensure their achievement, i.e. the planning, monitoring and control of revenues and costs. Various controlling instruments can be used to fulfil this task. The module focuses on cost-oriented controlling (partial cost accounting, cost management, profit calculation for long-term production orders), the management of imputed profit (analysis of revenue and cost variances) and controlling instruments for selected decision-making situations (programme planning, break-even analysis, price limits, budgeting, transfer prices). After completing the module students should be able to apply and assess the operational controlling instruments presented and derive recommendations for corporate management, taking into account the prerequisites as well as the advantages and disadvantages of the procedures.

Further information can be found in the associated OPAL course.

Consolidated Financial Statement Accounting

2-hour lecture and 2-hour exercise in the winter semester

The module presents and assesses the preparation of consolidated financial statements in accordance with HGB and IFRS, broken down into full consolidation, proportionate consolidation and equity valuation. The focus is on full consolidation with the preparation of trade balance II, consolidation of capital, debt, expense and income and the elimination of intercompany profits and losses. After completing the module students should be able to prepare consolidated financial statements in accordance with the relevant legal regulations, assess the appropriateness of the regulations and develop them further if necessary.

Further information can be found in the associated OPAL course.

Financial Analysis

2-hour lecture and 2-hour exercise in the summer semester

Based on the question of which corrections / adjustments to the annual financial statements according to HGB or IFRS are recommended before the analysis, the structural, profitability, liquidity, debt coverage, productivity and value creation analysis as well as key figure systems are considered. A discussion of value reporting rounds off the explanations. In the module students should acquire the ability to independently carry out a structured analysis of annual reports, in particular annual financial statements, based on the various objectives of the addressees of financial communication. If desired, students can deepen the theoretical knowledge they have acquired on the basis of a project and practise its practical application.

Further information can be found in the associated OPAL course.

Strategic Management Accounting

2-hour lecture and 2-hour exercise in the summer semester

The main task of strategic management accounting is to create new or maintain existing success potentials or success factors. Various controlling instruments can be used to fulfil this task. This module focuses on selected instruments for finding and evaluating strategies (value-in-use analysis, business area strategy, corporate strategy) and for managing and controlling strategies (determining corporate value, determining changes in corporate value and value creation, key performance indicators for value-oriented corporate management). In addition to teaching the necessary theoretical principles, particular emphasis is placed on practical implementation in the context of case studies. In the module, students should acquire the ability to use selected controlling instruments to find, implement and manage target-compliant corporate strategies, taking into account incentive systems, and to assess their suitability.

Further information can be found in the associated OPAL course.

In the proseminars (Bachelor) and seminars (Master / Diploma), selected problems from accounting or controlling are discussed. After completing the module students should be able to independently work on an academic issue, critically analyse it and present the findings in an academic paper and defend them in a colloquium.

In addition final theses offer the opportunity to work on specific problems from our research areas in greater depth. It is possible to set an individual focus within the framework of a specific topic.

Further information can be found in the associated OPAL course.