This module develops the student's ability to read, understand, and use corporate financial statements. It is oriented toward the user of financial accounting data (rather than the preparer) and emphasizes the reconstruction of economic events from published accounting reports such as balance sheets, income statements and statements of cash flow. The course covers not only the German Accounting Rules (HGB), but also International Accounting Standards (IAS). 


  • techniques of financial accounting, the revenue / cost matching process
  • compiling, analyzing and presenting financial statements including balance sheets
  • ratio analysis
  • international accounting standards (USGAAP and IAS)