| Module Code | BM 220 |
| Module Title | Financial Management, Reporting & Taxation |
| Academic level | Level 2 |
| Credit value | 10 |
| Instruction | German |
| Pre-requisites | BM 100 - Business Context & Functions; BM 120 - Accounting |
| Co-requisites | All other Level 2 Management modules |
|
Rationale for Module |
Depending on their size, companies are obliged to
produce annual financial reports that enable external experts and stakeholders to estimate a company’s position, performance and liquidity. Such reports have to meet national, and increasingly, international standards of accounting and reporting, the elements of which should be familiar to any management student. One of these external stakeholders are the tax authorities which demand special forms of reporting assets and liabilities. One focus in this module are the most important reporting standards accepted by German tax authorities. Although this form of external reporting provides only a rough basis for analysis and decision making, a company’s financial resources are normally limited and therefore have to be recorded and planned as precisely as possible to enable decision-makers to make appropriate decisions. For all companies one important complex of decisions deals with questions related to the optimized financing of a business’ current activities, and enabling a company to face financial challenges related to investment and growth in modern markets. The last part of this module therefore gives an insight into financial planning and instruments. This module builds on the Level 1 modules Business Operations and Introductory Accounting. |
| Aims |
This module aims to: • enable students to interpret and report financial accounting information • acquaint students with accepted methods of the valuation of assets and liabilities and their influence on the analysis of the different forms of balance sheets • introduce students to methods of drawing up an annual report in accordance with German tax and accounting standards and with international standards • deepen students’ insights into the importance of balance sheets as status reports concerning the question of how much of an enterprise’s investment is raised internally, through its owners or external investors • explain the various instruments available to provide liquidity to a company with respect to its legal form • investigate the relationship between investment and the different forms of financing |
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