The course Accounting for Managers offers an introduction to financial and managerial accounting, especially for students who aspire for a career in business and management with a science or engineering background.

Overview of financial and managerial accountingAccounting for current and fixed assetsLiabilities and owner’s equityRecording change in balance sheetMeasuring financial performanceManaging financial reportingFull and variable costing systemUsing accounting information for decision making purposes

Introduction to business administrationPrinciples of accounting and financial managementFinancial planning and capital budgeting of projectsCosting systems by corporations

Introduction to business administrationPrinciples of accounting and financial managementFinancial planning and capital budgeting of projectsCosting systems by corporations

The course BA I provides an understanding of the principles of General Business Management. It comprises an introduction to the basic business principles within a business acumen with a clear focus on value creation.The theory conveyed is illustrated with excercises, case studies and examples from business practice.

The course BA II provides an understanding of the principles of Financial Accounting and Financial Reporting. It comprises an introduction to the concept of double-entry accounting, preparation of annual financial statements and financial statement analysis.The theory conveyed is illustrated with excercises, case studies and examples from business practice.

The course explores fundamental financial decisions encountered by corporate managers and demonstrates how financial theory can be applied to address practical, real-world challenges.

Financial goals and reporting, profitability and efficiency, liquidity, cash planning, cash flow statement, financial statement analysis and planning, financing the business, equity and debt financing, cost of capital, capital structure decision, capital budgeting decision, corporate valuation, acquisition and financial restructuring.

Same content as in Financial Management – Basics (BWL-1) but in more details and by means of case studies.

Financial statement analysis; managing short-term assets and liabilities; funds flow statements; key management ratios; short-term financing; capital structure and dividend policy; long-term debt, convertible securities and warrants; preferred and common stock; investment decisions and valuing a company.