Students will know the most important reporting instruments, the norms governing the reporting process and the pertaining definitions. Students can apply their knowledge to practical cases, can prepare basic reporting instruments and can evaluate them. Students are further familiar with the most important definitions of IFRS accounting. They can reproduce the pertaining accounting rules, can apply them to real-world cases and are able to draw up reporting instruments. The most familiar problems of financial reports are known and can be identified for single events.
Students are familiar with basic key performance indicators (kpi). Based on internal and external accounting data, students are able to determine numeric target values. Moreover, students gain knowledge to classify business decisions. The course focusses on basics of operative and strategic controlling. Business control processes, cost-orientated decisions and cost management will be addressed as well business risks.