HOCHSCHULE FURTWANGEN UNIVERSITY
Business Consulting Master
Title
Advanced Accounting and Controlling
Lecturer
Roland Fischer
Schedule
1st Semester
4 SWS
6 credits
Required Subject
Preparation
Examination and
Workload
Total 180 h
Presence 60 h
and after-work
preparation
100 h
20 h
Computer Science: medium
Business Administration: high
Level
Basic Skills: high
Key Qualifications: high
Basics in Cost Accounting
Prerequisites
Basics in Financial Accounting
Principles of Double-Entry Accounting
• Understanding Basics of Controlling
• Handling with Controlling-Instruments
Learning
• Handling with Key-figures and IT-Controlling
Objectives
• Understanding Balance Sheet, Profit and Loss
• Understanding Accounting Standards (HGB, IAS, US-GAAP)
• Preparing Balance Sheet and Income Statements
• Recording Transactions and Document Entries
• Accounts Receivables
• Accounts Payables
• Goods Movements
• Payments
• Financial Statements
• Income Statement
• Comprehensive Income
• Statement of retained earnings
• Balance Sheet
• Principles of Financial Accounting
• Inventories
• Gross Profit and COGS
• Inventory Valuation Methods
• Control of Inventories
Content
• Long-Lived Assets and Depreciations
• Acquisition Costs
• Depreciation Methods
• Effects to Cash Flow
• Accrual Accounting
• Concepts and Principles
• Adjustment Process
• Current and Long-Term Liabilities
• Stockholder´s Equity
• Financial Statement Analysis
• Controlling Overview
• Controllingterm and evolution
• Controllingtargets
• Controllinginstitution
• The main instruments for controlling
Recommended
Textbooks
Teaching
Methods
Grading
• Adequacy of accounting
• IT-Controlling
• Fundamentals
• Cost and profit controlling: resources and instruments
• Controlling-tasks in the case of changing market conditions
• More controlling-instruments and their application-areas
• Forecast of future developments
• Instruments of appraising the position of the firm
• Common instruments for valuation/appraisal
• Budgeting
• Information servicing/service (value-oriented controlling, BSC)
• Strategic controlling and operational controlling
• Applications (e.g.: Logistics-controlling, Marketing-controlling)
• Software for controlling
• Outlook on developments and trends (e.g.: US-GAAP, IFRS/IAS)
• Hansen, D. R.; Mowen, M. M.: Cost Management: Accounting and
Control, 5th Edition, Thomson Learning 2005
• Horngren, Ch.; Sundem, G.; Stratton, W.: Introduction to
Management Accounting, Chap. 1-17, 13th Edition
Pearson 2004
• Reichmann, T.: Controlling. Concepts of Management Control,
Controllership and Ratios, Springer 1997
• Bramsemann, R.: Handbuch Controlling, Hanser 1993
• Schultz, V.: Basiswissen Rechnungswesen, 3. Auflage,
dtv. 2003
• Brigham, E. F.; Ehrhardt, M. C.: Financial Management, 10th Edition,
Harcourt College Publishers 2002
• Horngreen, C. T.; Sundem, G. L.; Elliot, J. A.: Financial Accounting,
9th Edition, Prentice Hall 2006
• Harrison, W.; Horngreen, C. T.: Financial Accounting, 6th Edition,
Prentice Hall 2006
Lecture with case-studies,
Projects and their presentations with individual software
using/programming
• Written examination
• Presentation