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Module description - Business Accounting for Strategic Management
(Rechnungswesen für das strategische Management)

ECTS 2.0
standard reference basic
purpose Participants should be able to understand the accounting method and thus learn the basics of how to assess the economic situation of a company.
Furthermore, they should acquire the competence to be a critical discussion partner in business administration matters.
The participants will be introduced to capital budgeting in order to provide them with tools for the economic assessment of investments.

Terms of accounting / capital budgeting (investment calculation):

  • Economic principle, economic cycle, economic sectors.
  • Financial accounting, cost accounting, balance sheet, income statement, liquidity.
  • Employed of capital, depreciation, useful life, imputed interest,
    residual value.

Methods of accounting / capital budgeting

  • Cash flow statement.
  • Financial statement analysis (key figures).
  • Static and dynamic capital budgeting, especially cost comparison method, income comparison method, ROI, payback duration, NPV and IRR.
  • Students can categorize companies according to essential characteristics.
  • Students will understand the way of business thinking and the use of business language.
  • They can apply the business management tools of capital budgeting
  • They can calculate and analyze key figures (ratio analysis).
  • They will be able to calculate and interpret the figures required for management based on accounting.
  • recommended addition none
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