Financial Accounting

Affiliation to semester	2
Duration	1 semester
State of the module	Compulsory Module
Frequency of offering	Each semester
ECTS	6
Hours of compulsory in credit hours	6
Learning outcome / competencies	Having completed the module, students are able to: understand the basic structure of financial accounting and reporting, record business transactions using double-entry bookkeeping, draw up income statements, balance sheets and cash flow statements, “read”, interpret and analyse information contained within the annual accounts, apply the principles and rules of external accounting.
Level	1a
Necessary requirements	None
Recommended requirements	None
Method of examination (applicable are §§ 9-14 RStPO)	Written exam
Performance rating	Differentiated by grades
Corresponding units	Financial Accounting (SL)

Unit 1

Name of the unit	Financial Accounting (SL)
Name of the corresponding module	BIB 2.1 Financial Accounting
Language	English
Rate of workload for the unit	150 hours of 60 minutes each
Rate of hours of compulsory in credit hours	6
Type of learning	SL
Content of the unit	Introduction to double entry bookkeeping The financial statements (IFRS and UK GAAP) Books of original entry Adjustments for Financial Statements Analysis, Interpretation, and Communication of Financial Statements
Literature	Wood, Frank; Sangster, Alan: Business Accounting I, IFRS edition, FT Prentice Hall