Responsibility

Prof. Dr. Ralf Dillerup

Language

english/deutsch

Credits

5

SWS

4

Contact hours

50

Students self-study workload

100

Assesment

LR

Learning outcomes

•  advanced understanding of differences and specific approaches of managerial accounting
• understand the German approach of Controlling
• apply key concepts of financial management with managerial focus
• understand and analyze financial statements under domestic and international accounting principles
• employ advanced methods of integrated financial accounting
• Introduce concepts of Managerial Accounting as they apply in a global world.
• integrated financial planning and control for budgeting on the operative and on the strategic level

Teaching methods

• A variety of learning strategies will be used in this class, including books, lectures and discussions, case studies, teamwork and presentations.
• Due to the limited time available, students must be prepared to read widely outside the subject.

Course contents

• Elements and links between the disciplines of Financial Management
• Managerial Accounting and Controlling
• Elements and links between the Accounting Systems (Managerial Accounting, Financial Accounting and Financial Management)
• Performance Measurement & Financial Analysis
• Understanding Financial Statements, Taxes, and Cash Flows
• International Accounting Systems
• Capital Budgeting
• Value Based Management / shareholder value (EVA and CVA systems)
• Reporting
• Fully integrated financial planning and budgeting
• Scenario management, Sensitivity and Risk-Assessment

Specialities

Contents and cases are closely coordinated with a real life case study. Most often the life case and representatives linked to the case are included in the course.

Literatur

• Dillerup, R./Stoi, R.: Unternehmensführung, 3. Aufl., München 2011
• Titman, S.; Keown, A; Martin, J.: Financial Management: Principles and Applications; International 11. Edition, 2011
• Reading/Activity: Selected chapters, case analyses, class notes, presentations.
• Additional material to be assigned as deemed necessary.
• Copies of the used transparencies will be provided to support the individual notes.