After successful completion of the course, students are able to depict important business transactions in the accounting system of a company and to prepare the annual accounts (profit and loss statement, balance sheet) of a firm.

Furthermore students will be able to specify the main differences between the rules under UGB (Unternehmensgesetzbuch) and IFRS (International Financial Reporting Standards) and to perform straightforward impairment tests (including company valuation).

Basics of accounting (including IFRS (International Financial Reporting Standards))

Mapping of business cases into accounting systems

IFRS financial statements

Valuation characteristics of IAS/IFRS

Presentation of main teaching topics;

Calculation and discussion of exercises;

Discussion of cases

Test 1 (topics of the examination: part one of the course, written answer of questions, solving of short case examples, achievable number of points: 35)

Test 2 (topics of the examination: part two of the course, written answer of questions, solving of short case examples, achievable number of points: 35)

Take Home Exam 1 (Solving of a case example (construction of profit and loss statement and balance sheet of a company), achievable number of points: 20)

Take Home Exam 2 (Solving of a case example (company valuation), achievable number of points: 10)