Accounting (DLMBACCE)

Module Title: Accounting

Module No.:


Semester / Term:



1 Semester

Module Type(s):


Regularly offered in:


Workload: 300 h

Credit Points: 10

Admission Requirements:


Language of Instruction:


Contributing Courses to Module:


Self-study: 180 h
Self-examination: 60 h
Tutorials: 60 h

Course Coordinator(s) / Tutor(s):

Please see the current list of tutors on the Learning Management System.

Module Director:

Prof. Dr. Gerhard Sälzer

References to Other Programs:

• Master of Business Administration (MBA-60/90)
• Master General Management (GM-120)

References to Other Modules in the Program:

• Corporate Finance

Qualification and Educational Objectives of the Module:

Advanced Management Accounting & Control (DLMBACCE01):
On successful completion, students will be able to:

  • Describe how controllership is set up in international companies.
  • Explain how management accounting and control have to consider the contingencies under which they are set up.
  • Design management accounting and control processes specific to the contingencies characterizing a specific company.
  • Utilize management accounting and control processes to address strategic uncertainties and support organizational learning.
  • Design, evaluate, and optimize management accounting and control systems and practices to influence the behavior of managers and employees.
  • Identify the importance of transfer pricing for multinational groups.
  • Discuss the role of the CFO in an international company.

Current Issues in Accounting (DLMBACCE02):
On successful completion of this course, students will be able to:

  • Explain selected management and financial accounting issues.
  • Analyze relevant issues specific to the level of financial accounting established in a company.
  • Identify and explain the specific tasks of a CFO with regards to the different functions of financial accounting and financial management.
  • Describe the regulatory changes following the economic crisis, e.g. Basel III, and identify their impact of financial accounting and control.
  • Discuss recent developments concerning IFRS.
  • Develop processes and strategic plans that recognize the increased importance of working capital optimization and capital restructuring.
  • Identify the functions of a chief treasurer or controller in a multinational corporation.

Course Content of the Module:

Advanced Management Accounting & Control (DLMBACCE01)

  • Controllership and the CFO: Core Competencies, Organization, and Strategies
  • Contingency Theory and Management Accounting and Control
  • Levers of Control
  • Behavioral Management Accounting and Control
  • Transfer Pricing, and Corporate and Shared Service Centers
  • Balance Scorecard, Executive Remuneration, and Control
  • Product Life Cycle, Business Strategy, and Control

Current Issues in Accounting (DLMBACCE02):

  • Preparation of Financial Statements
  • Optimization of Receivables and Inventory
  • Optimization of Liabilities and Equity
  • Current Issues in Financial Accounting
  • Valuing Businesses
  • Capital Budgeting 154
  • Financial Modeling and Valuation

Teaching Methods:

See the contributing course outlines


See the contributing course outlines

Percentage of the Module Grade Relative to the Final Grade for the Program:


Prerequisites to Qualify for Assessment:


See course outline(s)

Exam, 180 min (100%)