The lecture introduces the system of German GAAP, which is principally relevant for all domestic companies with the legal obligation to keep records. The lecture further provides an overview of the main accounting concepts within the system of German GAAP.
Hereafter, the course first describes asset and liability recognition criteria, such as the definition of (immaterial) assets, liabilities and onerous contracts. Second, the course introduces revenue recognition principles. Third, the lecture discusses measurement principles, such as acquisition and construction costs, valuation of liabilities and depreciation.
Students obtain detailed knowledge of the general accounting principles, asset and liability recognition, revenue recognition as well as measurement principles under German GAAP. They are able to describe the norms, analyze them from an accounting theoretical perspective and critically assess them. Moreover, participants are enabled to summarize and solve complex accounting issues with reference to codified norms from court rulings of the Federal Fiscal Court as well as accounting literature. The interdisciplinary orientation of the course offers students deeper insights into the linkage between business administration and law. The knowledge is deepened by means of case studies (in collaboration with KPMG). Students learn to prepare and present solutions as part of a team. They are able to identify problems, analyze and present them in a structured, comprehensible manner. The group work fosters teamwork and leadership skills.
Not taken ACC 512
Bachelor-level knowledge of financial accounting
|Forms of teaching and learning||Contact hours||Independent study time|
|Lecture||2 SWS||9 SWS|
|Case Study Presentation||2 SWS||4 SWS|
|Exercise class||2 SWS||4 SWS|
|Form of assessment||Case study presentation (25%) and written exam (90 min, 75%)|
Prof. Dr. Jens Wüstemann
Prof. Dr. Jens Wüstemann
|Frequency of offering||Spring semester|
|Duration of module||1 semester|
|Range of application||M.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., LL.M., MAKUWI|
|Preliminary course work||–|
|Program-specific Competency Goals||CG 1, CG 2, CG 4|
|Literature||Moxter, Adolf: Bilanzrechtsprechung, 6. ed., Tübingen 2007.|
|Course outline||Part 1: System of German GAAP|
Part 2: Asset recognition principles, revenue recognition
Part 3: Liability recognition principles
Part 4: Measurement principles