Studium » Studienmodule » Bilanzierung und Controlling
Übersicht Studienmodul
| Module Code | BM 220 |
| Module Title | Bilanzierung und Controlling · Financial Reporting and Management Accounting |
| Academic level | Level 2 |
| Credit value | 5 |
| Instruction | German |
| Pre-requisites | BM 100 - Business Context & Functions; BM 120 - Accouting |
| Co-requisites | All other Level 2 modules |
|
Rationale for Module |
Public financial reports and internal assessments
of performance contribute to the effective and efficient management of a business enterprise. Well-founded, rational strategic and operational decision-making relies on the systematic analysis of financial performance and the provision of relevant information on the past, present and future activities of the company. Depending on their size, companies are obliged to produce annual financial reports that enable managers, stakeholders and external experts to estimate a company’s position, performance and liquidity. Such reports have to meet national, and increasingly, international standards of accounting and reporting, the elements of which should be familiar to any student of business. In structuring judgements and decisions about what the firm is doing, can do and should be doing, internal management accounting provides an invaluable insight into the interrelated nature of business activities. In general, the module’s emphasis is on concepts that underpin techniques, uses of the information generated (rather than the generation of the information itself) and the implications of using the techniques. It is important that students are aware of the importance of being able to critically assess the implications of financial and management accounting information relating to company performance and issues such as cost control and pricing decisions, regardless of whether they intend working in general management, tourism, or the events and cultural sectors. This module builds on the Level 1 modules ‘Business Context & Functions’ and ‘Accounting’, in which students have been introduced to the concepts and roles of internal and external reporting. As part of the core programme, this module contributes to students’ general education in business and management. In its delivery, attention will be paid to contextualising the content to take account of the particularities of the sectors represented in the pathways, and to illustrate the links to other modules. The module provides the basis for the Level 3 module ‘Business Analysis & Decision-Making’ which adopts a strategic perspective on the role of internal and external reporting, e.g. the role of budgeting and analysis of business accounting statements in maintaining and communicating strategic direction and goal congruence. The module also provides a valuable underpinning for assessment projects at Level 3 involving business/marketing or financing plans. |
| Aims |
This module aims to: • develop understanding of the importance of accounting statements as informational tools within different international accounting standards frameworks • enable students to understand methods of drawing up financial accounting statements and to interpret financial accounting information in the context of the respective standard • develop students’ understanding of the concept of control in organisations and the concepts and techniques required to analyse business problems • develop skills and competencies which allow students to understand, appreciate and use external and internal reporting systems as a means of facilitating effective decision making in a business context |