| Lernergebnisse |
Kompetenzen |
| (*)Students are able to evaluate business transactions, inventory valuation methods, depreciation
calculations, and sustainability factors in the context of financial reporting and business strategy,
applying relevant accounting principles and sustainability frameworks.
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| Fertigkeiten |
Kenntnisse |
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(*)- Learning Outcome 1 (LO1): Recall the key terms and principles of financial accounting and their correct
application in professional contexts.
- Learning Outcome 2 (LO2): Explain the effects of basic business transactions on the balance sheet,
income statement, and cash flow statement.
- Learning Outcome 3 (LO3): Explain methods for assessing inventory and calculating depreciation,
explain the concept of bad debt expense, describe methods for estimating and recording uncollectible
accounts, and their impact on financial reporting.
- Learning Outcome 4 (LO4): Describe basic techniques for analyzing financial statements and explain
their importance for evaluating a company's financial position.
- Learning Outcome 5 (LO5): Recall key financial ratios and explain their interpretation in evaluating
business performance.
- Learning Outcome 6 (LO6): Recall the basic concepts, principles, and frameworks of sustainability
accounting.
- Learning Outcome 7 (LO7): Explain how sustainability accounting fosters transparency, stakeholder
trust, and corporate accountability.
- Learning Outcome 8 (LO8): Recognize typical sustainability risks (e.g., climate change, resource scarcity) and opportunities (e.g., green investments).
- Learning Outcome 9 (LO9): Recall methods for analyzing financial and non-financial data to evaluate a
company's sustainability performance over time and in comparison with benchmarks.
- Learning Outcome 10 (LO10): Explain how sustainability factors influence financial decisions and how
they can be integrated into business strategies
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| Literatur |
(*)main book:
''Accounting and Finance for Non Specialists, Atrill, McLaney, Pearson,
ISBN: 978-1-292-24403-7''
articles (will be supplied in Moodle):
Baumann, S., Lehner, O. M., et al. (2015). A push-and-pull factor model for environmental management accounting: a contingency perspective. Journal of Sustainable Finance & Investment, 5(3), 155-177.
Murray, A., Skene, K., & Haynes, K. (2017). The circular economy: An interdisciplinary exploration of the concept and application in a global context. Journal of Business Ethics, 140(3), 369-380.
Siew, R. Y. (2015). A review of corporate sustainability reporting tools (SRTs). Journal of environmental management, 164, 180-195.
Thijssens, T., Bollen, L., & Hassink, H. (2016). Managing sustainability reporting: many ways to publish exemplary reports. Journal of Cleaner Production, 136, 86-101.
Bebbington, J., Russell, S., & Thomson, I. (2017). Accounting and sustainable development: Reflections and propositions. Critical Perspectives on Accounting, 48, 21-34.
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| Sonstige Informationen |
(*)s a management basics course the lecture is designed to introduce students with an non-business administration background into three important areas, namely basics in corporate finance, financial and sustainability accounting.
At the end of the lectures students should have a basic understanding of key concepts in corporate finance, financial accounting as well as sustainability accounting.
Specifically, they should be able to deal with the following:
- How to read and interpret a balance sheet and a P&L statement.
- How to finance a business.
- How to calculate depreciations, current assets/ liabilities and inventories.
- How to interpret financial information and calculate ratios.
- How to make investment decisions.
- Understand the nature of Sustainability Accounting and Reporting.
- Understand important concepts such as cradle2cradle, circular economy, non-financial reporting, CSR, SDGs and CO2 offsets.
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