HOCHSCHULE FURTWANGEN UNIVERSITY
Business Consulting Master
Title
Advanced Accounting and Controlling
Lecturer
Prof. Dr. Frank Kramer
Schedule
1st Semester
4 SWS
6 credits
Preparation
Workload
Total 180 h
Presence 60 h
and after-work
100 h
Computer Science: medium
Business Administration: high
Level
Basic Skills: high
Key Qualifications: high
Basics in Financial Accounting
Prerequisites
(e.g. Technique of double entry bookkeeping)
Basics in Cost Accounting
After attending the course the students can:
Required Subject
Examination and
preparation
20 h
Comprehension:
explain how business transactions are recorded with the technique
of double entry book keeping
illustrate the common tools of cost accounting and their differences
Learning
Objectives
Application:
prepare a Balance Sheet and an Income Statement based on given
business transactions
apply the different tools of cost accounting in order to provide the
necessary information for economic decisions within a company
Analysis:
analyse a given Balance Sheet and Income Statement
criticise certain methods of cost accounting
(e.g. drawbacks of Full Cost Accounting)
Evaluation:
assess the economic meaning of certain accounting standards
compare different cost accounting tools and assess their
advantages and disadvantages
Content
Financial Accounting
I. Financial accounting fundamentals
II. Recording business transactions and their impact on the Balance
sheet
III. Asset side of the Balance sheet
IV. Equity and Liability side of the Balance sheet
V. Income Statement
VI. Statement of changes in equity
VII. Cash-flow statement
Management Accounting and Controlling
I. Cost accounting fundamentals
II. Basic structure of a cost accounting system
Cost accumulation (Cost-type accounting)
Cost allocation to cost-centres (Cost-centre accounting)
Costs per unit (Cost-unit accounting)
Income statement (Cost-unit period accounting)
III. Cost allocation
IV. Absorption costing versus Variable costing
V. Normal Costing
VI. Cost-volume-profit relationship
VII. Information for decision making
VIII. Budgeting and variance analysis
IX. Investment appraisal
X. Strategic versus Operational Controlling
XI. Strategic controlling tools
Recommended
Textbooks
Teaching
Methods
Grading
Atrill, P./McLaney, E., Management accounting for decision makers,
7th edition, 2012
Atrill, P./McLaney, E., Financial accounting for decision makers, 6th
edition, 2011
Bhimani, A./Horngren, Ch./Datar, S./Rajan, M.;
Management and Cost Accounting, 5th edition, 2012
Harrison, W./Horngren, Ch./Thomas, C./Suwardy, T.;
Financial Accounting, 8th edition, 2011.
Horngren, Ch. et al., Introduction to Management Accounting, 16th
edition, 2014
Libby, R./Libby, P./Short, D., Financial accounting, 7th edition, 2011
Lecture with exercises
Case studies at home to be presented during the lecture
Written examination
Presentation/Case study