Financial Statements (IFRS)
- Faculty
Faculty of Business Management and Social Sciences
- Version
Version 3 of 03.03.2025.
- Module identifier
22B1798
- Module level
Bachelor
- Language of instruction
English
- ECTS credit points and grading
5.0
- Module frequency
winter and summer term
- Duration
1 semester
- Brief description
Financial statements report on the financial position and on the ability of generating income and cash flow of a business. The course covers the preparation of financial statements along IFRSs. Students learn to analyse companies based on the financial statements provided for external purposes. The class covers all important items of financial statements. The course meets the international requirements of Financial Accounting.
- Teaching and learning outcomes
- financial statements along IFRS - financial statement analysis - statement of financial position - long-term assets (acquisition, depreciation, revaluation) - group accounting - inventories - cash, A/R - statement of cash flows - equity - statement of comprehensive income - Statement of changes in equity - current liabilities - long term liabilities - notes
- Overall workload
The total workload for the module is 150 hours (see also "ECTS credit points and grading").
- Teaching and learning methods
Lecturer based learning Workload hours Type of teaching Media implementation Concretization 60 Lecture Presence - Lecturer independent learning Workload hours Type of teaching Media implementation Concretization 90 Preparation/follow-up for course work -
- Graded examination
- Written examination or
- Homework / Assignment or
- oral exam
- Exam duration and scope
Written examination: in accordance with the valid study regulations
Written paper (HA): approx. 10-15 pages
Oral examination: in accordance with the exmination regulations.
The requirements are specified in the respective lectures.
- Recommended prior knowledge
none
- Knowledge Broadening
Students learn to analyse companies based on the financial statements provided for external purposes.
- Literature
(1) Powers/Needles/Crosson: Accounting Principles (2) BERKAU: Bilanzen (3) further text books: BRIGHAM/EHRHARDT: Financial Management CORREIA et al: Financial Management DRURY: Management and Cost Accounting FLYNN/KORNHOF: Fundamental Accounting GARRISON/NOREEN/BREWER: Managerial Accounting KIESO/WEYGANDT/WARFIELD: Intermediate Accounting McLANEY/ATRILL: Accounting REEVE/WARREN/DUCHAC: Principles of Financial Accounting WOOD/SANGSTER: Business Accounting
- Applicability in study programs
- International Business and Management
- International Business and Management, B.A.
- International Management
- International Management, B.A.
- Business Administration and Management
- Business Administration and Management, B.A.
- Person responsible for the module
- Berkau, Carsten
- Teachers
- Berkau, Carsten