|Module name (EN): Commercial Corporate Management|
|Degree programme: Mechanical Engineering, Master, ASPO 01.10.2018|
|Module code: MMDF107|
|Hours per semester week / Teaching method: 5V (5 hours per week)|
|ECTS credits: 6|
|Mandatory course: yes|
|Language of instruction:
|Applicability / Curricular relevance:
MMDF107 Mechanical Engineering, Master, ASPO 01.10.2018, semester 8, mandatory course
MAM-8.M Engineering and Management, Master, ASPO 01.10.2004, semester 8, mandatory course
75 class hours (= 56.25 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 123.75 hours available for class preparation and follow-up work and exam preparation.
|Recommended prerequisites (modules):
Fundamentals of business administration as covered in the Bachelor module ‘Business Fundamentals for Engineers’
|Recommended as prerequisite for:
Prof. Dr. Ralf Oetinger
|Lecturer: Prof. Dr. Ralf Oetinger
Students will learn the methods and techniques used in managing and evaluating a company from a commercial and accounting point of view. This will include acquiring an understanding of financial accounting, management accounting and how business plans are compiled.
After completing this course, students will be able to set up an accounting scheme and perform basic bookkeeping operations. They will be acquainted with the common accounting standards such as HGB (German Commercial Code), IAS, US-GAAP. In addition, students will learn about financial planning and control methods and how they are applied in cost and performance analyses in companies. The course also addresses strategic enterprise planning and compiling business plans. Sales and marketing are further important aspects covered by this module.
Commercial Corporate Management
1. Financial accounting and financial reporting
a. Fundamentals of financial accounting
b. National and international accounting standards (HGB, IAS, US-GAAP, etc.)
2. Management accounting and enterprise planning
a. Cost accounting methods (budgeting, target costing, etc.)
b. Product-cost accounting
c. Income statement
3. Corporate planning
a. Management plans and how they interact
b. Business planning as a long-term planning instrument
c. Sales and marketing
d. Advanced capital expenditure budgeting
e. Selected financial instruments
f. Business planning as a long-term planning instrument
Case studies using standard software, e.g. SAP
|Recommended or required reading:
Oetinger, R.: ‘Betriebswirtschaftslehre für Ingenieure’ (lecture notes)
Functional descriptions provided by SAP AG for the SAP modules ‘Financial Accounting’, ‘Controlling’ and ‘Planning’
[Sat Aug 13 23:53:09 CEST 2022, CKEY=mku, BKEY=dmm, CID=MMDF107, LANGUAGE=en, DATE=13.08.2022]