Business Administration 3 (BWL3)
3. Semester
5 ECTS | 4 SWS
Written Exam 90 Minutes (K90)
Understand the financial side of business: You will learn how companies keep track of their financial performance—from bookkeeping and financial statements to cost accounting, investment decisions, and financing. You will understand how revenues and expenses are recorded, how costs are calculated and products are priced, and how companies make economic decisions based on financial data. In addition, you will learn how to evaluate investments, understand financing options, and use key performance indicators and controlling tools to manage and improve business performance.
Contents
- Duties of accounting, external and internal accounting
- Accounting, bookkeeping, history of accounting, merchant characteristics, accounting rules, GoB, business assets comparison, income surplus calculation, inventory types, inventory, assets, liabilities, balance sheet structure and breakdown, P & L, Doppik vs. Kameralistik
- Cost Accounting, Cost Element Accounting, Cost Center Accounting, Operating Settlement Sheet (BAB), Cost Allocation Method, Single costs vs. overheads
- Cost unit unit accounting, product costing, supplement procedure, cost object accounting, contribution margin calculation
- Financing, cash flow, cash flows, external and internal financing, loan financing, accumulation, financing ratios
- Controlling, Financial Indicator Systems, Balanced Scorecard
Competencies
Students are able to
- Know the tasks of accounting
- External accounting: understanding GoB, creating simple accounting records, reconstructing the structure of the balance sheet and income statement, performing income surplus calculation, distinguishing and applying inventory methods
- Internal Accounting: Understand the goals of cost accounting, carry out cost element and cost center accounting, fill out the company payroll, use the cost allocation procedure, calculate the product
- Investment calculation: Compare and evaluate investment alternatives through static and dynamic investment calculations, perform ROI calculation
- Financing: Understand cash flows and cash flow calculation, know financing alternatives
- Controlling: Understanding performance measurement systems for business valuation, use Balanced Scorecard
Literature
- L. Buchholz and R. Gerhards, Internes Rechnungswesen: Kosten- und Leistungsrechnung, Betriebsstatistik und Planungsrechnung, 3rd ed. Berlin and Heidelberg, Germany: Springer Gabler, 2016.
- H. R. Friedag and W. Schmidt, Balanced Scorecard – einfach konsequent: erfolgreiche Umsetzung im Unternehmen, 5th ed. Munich, Germany: Haufe, 2015.
- M. Griga and R. Krauleidis, Buchführung und Bilanzierung für Dummies, 9th ed. Weinheim, Germany: Wiley-VCH, 2024.
- M. Rudorfer, Intensivkurs Kostenrechnung, 2nd ed. Wiesbaden, Germany: Springer Gabler, 2016.
- T. Reichmann et al., Controlling mit Kennzahlen: die systemgestützte Controlling-Konzeption, 9th ed. Munich, Germany: Verlag Franz Vahlen, 2017.
- J. Schäfer-Kunz, Buchführung und Jahresabschluss: auf der Grundlage der Kontenrahmen SKR03, SKR04 und IKR, 4th ed. Stuttgart, Germany: Schäffer-Poeschel, 2022., 3rd ed. Berlin and Heidelberg, Germany: Springer Gabler, 2016.
Lecturer
Recommended Previous Knowledge
Module Details
| Semester |
3 |
| Lecture Language |
German |
|
Frequency
|
Winter Term
|
| Credit Points (ECTS)
|
5 |
| Course Coordinator |
Prof. Dr. Gabriele Roth-Dietrich |
| Duration |
1 Semester |
|
Course Achievement
|
None |
|
Prerequisite for exam
|
Compulsory Assignment (PU) |
|
Exam
|
Written Exam 90 Minutes (K90) |
Weekly Hours (SWS)
Work Load
| Lecture |
60 h |
| Self Study |
90 h |
| Sum |
150 h |
