The students can distinguish internal and external accounting and use selected tools (KPIs) and final analysis methods to make intertemporal and between-company comparisons and evaluate developments.
• The students understand how theoretical concepts, practical tools and internal and external accounting methods are used at organisations to make informed decisions or enable stakeholders to make such decisions.
• The students know the legal requirements for external accounting as well as the essential conceptual differences between national and international accounting standards. They can also distinguish between individual and consolidated financial statements as well as other financial and non-financial reporting tools.
• The students can, using practical examples, apply double entry bookkeeping to business transactions and know how to prepare financial statements, i.e., create simple balance sheets, profit and loss statements as well as cash flow statements, and make a strfuctured analysis of the effects economic decisions have on these tools and related KPIs.
• Using practical examples, the students can apply calculation methods to calculate costs, particularly order and division calculation. • The students can do cost-volume-profit analyses and understand the relationship between sales price, sales volume, variable costs, fixed costs, operating profit ans their importance for economic decisions.
• The students can do incremental analyses and apply cost management and target costing concepts to make informed decisions. The students are familiar with cost planning and management tools and know how to use them to make economic decisions.
- Lehrperson: Marius Gros
- Lehrperson: Julia-Isabelle Heise