Financial Accounting and Reporting

The module gives an overview over basic financial accounting, focusing on regulations regarding commercial accounting in individual and consolidated financial statements.

In the first part of the module basic principles of financial accounting are introduced, dealing with general economic accounting and special financial accounting.

In the second part individual financial statements in terms of commercial law are explained and regulations for annual accounts and annual reports are discussed in detail.

The third part deals with consolidated financial statements and consolidation principles as well as corresponding postings in accounting.

In the fourth part of the module fundamentals of balance sheet policy and analysis are discussed.

Upon successful completion of this module, students are able to understand the construction of individual and consolidated financial statements on grounds of the HGB and to apply the accounting regulations of the HGB practically. They can read an draw up balnce sheets. Students are also able to evaluate which enterprises have to put up consolidated financial statements and which subsidiaries have to be included. Furthermore, they can independently carry out different consolidations correctly.

None

The module consists of a lecture and a corresponding tutorial, which is integrated into the lecture (lecture: 2 SWS; tutorial: 2 SWS). In the tutorial the content of the lecture and its understanding is deepened and extended by exercises and case studies. Relevant scripts and exercises can be downloaded via Moodle.
The lectures content is conveyed by means of presentation, while in the tutorial parts students can practise how to apply theoretical concepts practically.

This module is also offered at TUM Campus Straubing.

Script, tutorials, case studies, moodle

Buchholz, Rainer: Grundzüge des Jahresabschlusses nach HGB und IFRS, 7. Aufl., München 2011

Meyer, Klaus: Bilanzierung nach Handels- und Steuerrecht, 22. Auflage, Herne 201

The examination of the students success consists of a written exam (60-120 min, multiple choice). Students may use a non-programmable calculator and a Handelsgesetzbuch (HGB) without additional notes as helping material. In the exam students show that they are able to correctly conduct individual financial statements, understand consolidated financial statements and apply consolidation principles as well as understand and apply balance sheet policy and analysis. This is done by means of conducting consolidations, and by solving arithmetic problems as well as theoretical problems regarding financial statements. Students can take part in a re-examination exam in the next semester. In case of a limited number of participants in such a re-examination exam it might be substituted by an oral examination (15 minutes) with equal content.