Course: Applied Accounting
Instructor: Helmut Aigner
For participants to understand the structure and the content of financial statements (income statement, balance sheet, cash flows) as well asunderstand the purpose of financial and cost accounting systems.
Students will get an overview of the most important terms used in accounting as well as learn the practical meaning of those terms by going over balance sheets, income statements and cash flow statements for several companies. Repetition is key in learning the concepts and the class will work together to calculate cash flows as well as analyze where money is being used in a company. Minor math will be used in the course and every formula is described in easy to understand terms so that students walk away with a solid grasp of what financial statements mean. The class will conclude with an exam to ensure participants understanding of the concepts. The content of the course provides the foundation for the following course of Finance and Valuation.
There are various instructors used for each course; the ones named here may not be the same professors assigned to every start module.