Fachhochschule Sdwestfalen

We create momentum

Prof. Dr. Valerie Wulfhorst

Financial Accounting

Department of Business Administration,

Focus on Controlling

Prof. Dr. Valerie Wulfhorst

Raum/Office: 04.104
Office Hour Winter Term 2016/17: Tuesday, 12-13
E-Mail: v.wulfhorst@fh-swf.de

Sabine Katterbach
Raum/Office: 04.107
Office Hour Winter Term 2016/17: Monday, 14-14:30
E-Mail: katterbach.sabine@fh-swf.de

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

2 I Financial Accounting I Intro I WS 2016/17

Department of Business Administration,

Focus on Controlling

Student Assistants: Financial Accounting

Al Mahmud
Lyncoln007@gmail.com

Metuge Akweh Nnange

nnangea@yahoo.com

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

3 I Financial Accounting I Intro I WS 2016/17

Department of Business Administration,

Focus on Controlling

Student Assistants: Corporate Finance 1

Collins Birwong
birwongcoll@yahoo.com

Zimu Wang
enricowang1993@gmail.com
Alina Masche
alina.masche@gmx.de

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

4 I Financial Accounting I Intro I WS 2016/17

Department of Business Administration,

Focus on Controlling

Student Assistants: Consumer Marketing

Ruoyu Yuan
yuanruoyuger10@gmail.com

Manjinder Kaur
manjinderkaur@hotmail.com
Bobga Solange
bobgasollange@gmail.com

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

5 I Financial Accounting I Intro I WS 2016/17

Department of Business Administration,

Focus on Controlling

Student Assistants: Excel Basic Course

Al Wasir Islam
tanvir_jack_2006@yahoo.com

Optional Course to provide basic knowledge in MS Excel.

Strongly recommended for Accounting & Finance and in business practice.
Excel knowledge will be required in Corporate Finance 1 & 2 Seminars.
31.10. 05.12.2016

Monday

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

6 I Financial Accounting I Intro I WS 2016/17

18:00 20:00

04.314

Department of Business Administration,

Focus on Controlling

Student Assistants: Excel Advanced Block Course

Lakshmi Narayanan Ruppa Sethuraman

lakshmi.ruppa1912@gmail.com

Optional Course to provide advanced knowledge in MS Excel.

Strongly recommended for Accounting & Finance and in business practice.
Excel knowledge will be required in Corporate Finance 1 & 2 Seminars.
14.12.2016

Wednesday

15:30 20:30

04.314

15.12.2016

Thursday

17:00 21:00

04.305

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

7 I Financial Accounting I Intro I WS 2016/17

Department of Business Administration,

Focus on Controlling

Requirements for Certificates of the Excel Course:

If you join 75% of the course (i.e. 4x attendance out of 6 dates), you will get a certificate.
This certificate enriches your CV for your applications!
The submission of assignments will be corrected by your tutor, but serve as a self-test of
your understanding/knowledge!

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

8 I Financial Accounting I Intro I WS 2016/17

Financial Accounting: Dates

Module Part

Group

Day

Time

Room

Start

Lecture (obligatory)

all

Monday

13:30 15:00

20.008

10.10.16

Case Study (obligatory) 1

Monday

10:15 11:45

04.208

24.10.16

Monday

12:00 13:30

10.010

24.10.16

Monday

08:45 10:15

04.018

24.10.16

Monday

15:30 17:00

10.008

24.10.16

Tutorials (optional)

Exam Preparation
Exam Period

09. & 16.01.2017 (open for questions/ no lecture)

23.01. 03.02.2017 (will be announced during semester)

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

9 I Financial Accounting I Intro I WS 2016/17

E-Learning & Downloads

https://e-learning.fh-swf.de
Course: Financial Accounting WS 2016/17, short: FA-WS1617
Enrolment key: BBA-FAWS1617
Slides, case studies, exercises etc. can be downloaded
Latest announcements for lectures/ tutorials
Discussion forums for the lecture and exercise.
Collaboration sessions to cooperate with each other.
Please check every week!

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

10 I Financial Accounting I Intro I WS 2016/17

Literature

Basic Textbook:
Kimmel, Paul; Weygandt, Jerry; Kieso, Donald: Financial
Accounting, 7th ed., Wiley: Hoboken, 2013.
Further Literature:
Basic textbooks in financial accounting, e.g.
Harrison, W.T.; Horngren, C.T. (2008): Financial Accounting, 7th
ed., Upper Saddle River: Pearson, 2008.

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

11 I Financial Accounting I Intro I WS 2016/17

Exam Some General Hints

90 minutes = 90 points
50% reproduction questions (learn in the lecture, practice in the tutorial!!!)
50% application of contents in a case study (practice in the seminar!!!)
Relevant for the exam are the recommended literature (see agenda and book
chapters, evtl. additional readings), slides, the case studies and all material
provided in the lecture/seminar
Some hints for your preparation:
it is not enough to focus on the slides read and learn the book!!!
in the exam you have to be able to reproduce and apply the contents by heart
what means learning? = being able to reproduce in own words but knowing the
technical terms
keep overview, sometimes take the birds view, i.e. details are important, but do
not get lost in the details: you have to know where you are in the structure
criticism is always important
learn in groups, contact the best ones (how did you do it?) = best practice
Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling
12 I Financial Accounting I Intro I WS 2016/17

Exam Points and Grades

Range

Difference

0-0

Grade
NE

1 - 44

43

5.0

45 - 48

4.0

49 53

3.7

54 57

3.3

58 61

3.0

62 66

2.7

67 70

2.3

71 74

2.0

75 78

1.7

79 - 83

1.3

84 - 90

1.0

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

13 I Financial Accounting I Intro I WS 2016/17

Agenda

1. Introduction to Financial Statements

2. A Further Look at Financial Statements
3. The Accounting Information System
4. Accrual Accounting Concepts
5. Merchandising Operations and the Multiple Step Income Statement
6. Reporting and Analyzing Inventory
7. Fraud, Internal Control, and Cash

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

14 I Financial Accounting I Intro I WS 2016/17

City Tour & Pub Meeting:

TODAY, 10.10.16

Meeting: 15:15h in front of 20.008

City Tour: Historical and relevant places for
students in the city of Soest!
In the pub meeting, you will be introduced to
the most important cultural place in Soest:
The Kater, a famous pub in Soest. Main
target will be to learn the appropriate beer
drinking behavior as part of the German
culture.
Contact person: Jo Rudat

Prof. Dr. Valerie Wulfhorst I Business Administration Focus on Controlling

15 I Financial Accounting I Intro I WS 2016/17