Lernergebnisse
Professional Competence:
understand in how far management accounting, cost accounting and financial accounting provide different types of information necessary for the “financial wellbeing” of companies of any size
identify different types of financial statements (local GAAPs, IFRS) and extract different aspects of relevant information about companies´ past performance
understand different KPIs and their limitations
state the meaning and scope of cost accounting
explain the objectives of cost accounting
state the importance and explain the limitations of cost accounting
Methodological Competence:
to know which type of accounting provides relevant answers when confronted with a manager´s need for support
to choose the costing method that will provide the best data for decision making in a certain context
to uncover cost saving potentials in processes
to suggest which KPIs might be used to adequately measure performance in a certain context
Interpersonal Skills:
provide relevant cost information for different internal stakeholders and make sure they see the benefit of such information
support management levels in decision-making processes with custom-made KPIs
in general understand the importance of having to “sell” accounting information to internal and external stakeholders
Literatur
Brealey/Myers/Marcus. Fundamentals of Corporate Finance. McGraw-Hill, 2015.
Lanen/Anderson/Maher. Fundamentals of Cost Accounting. McGraw-Hill, 2016.
Horngren/Sundem/Burgstahler/Schatzberg. Introduction to Management Accounting. Pearson, 2014.
