Fundamentals of External Accounting
Component code / course code:
Semester: winter / summer
ECTS credits: 5
Lecture hours per week (SWS): 4
Lecturer: Prof. Dr. Hebeler
Course Language: German / English
Prerequisites: -
Objectives (Learning Outcome): After successful completion of the module, students know and master the technique of double-entry bookkeeping. They
can form the accounting records for important business transactions and describe the business effects on the profit and assets of the company. Students are able to prepare, read and interpret a balance sheet according to the regulations of the HGB. They master recognition and valuation options and can describe and calculate their effects on profit and business assets. Following this understanding, the module focuses primarily on the technique of recording current business cases through accounting and valuation within the framework of closing entries. Through the training of analytical thinking, the operational processes are understood as flows of goods and money in business management terms.
Lecture topics (content):
- Introduction to managerial accounting
- Fundamentals of the annual financial statements
- Double-entry accounting system and technique
- Current entries (stock / profit, turnover, goods and private account)
- Sub-areas of accounting (performance process, financial, personnel and asset management)
- Preparatory closing entries
Teaching format (e.g. online/in person lecture/Seminar/Lab etc.): Course, exercises, case studies
Examination type: Written Exam
