ACC 303: Financial Accounting: Annual and consolidated financial statements

Contents

• Introduction to financial accounting
• Overview on accounting theories
• Definition of assets, liabilities, revenues and expenses
• Recognition and measurement rules
• Fundamentals of group accounting

Learning outcomes
Students acquire in-depth knowledge in the field of corporate and group accounting. They are able to classify and critically evaluate the applicable accounting regulations for individual and consolidated financial statements from a theoretical perspective. The accounting principles introduced in the lectures, as well as the underlying concepts, are applied to concrete case studies and further discussed in exercises and tutorials. In this context, students learn to identify accounting problems, analyze them systematically, and solve them in a structured and comprehensible manner. The (voluntary) team competition complements the course by strengthening students’ teamwork and leadership skills through the joint processing of case studies in groups of 5–7 members.

Necessary prerequisites
semester 3 or higher

Recommended prerequisites
–

Examiner Performing lecturer

Prof. Dr. Jens Wüstemann Prof. Dr. Jens Wüstemann