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Annual Financial Statement Analysis & Reorganization Needs
level of course unit
1.Semester Master: 1. Study cycleLearning outcomes of course unit
The students:
• are able to independently calculate and interpret relevant key figures from the analysis of annual financial state-ments
• know which key figures from the analysis of annual financial statements are relevant for the early detection of an earnings crisis
• know different crisis phase models and possible classifications of corporate crises
• know the difference between performance-based and financial early warning indicators or can independently formu-late these depending on the project
• can develop a strategic early warning system
• are able to independently calculate and interpret relevant key figures from the analysis of annual financial state-ments
• know which key figures from the analysis of annual financial statements are relevant for the early detection of an earnings crisis
• know different crisis phase models and possible classifications of corporate crises
• know the difference between performance-based and financial early warning indicators or can independently formu-late these depending on the project
• can develop a strategic early warning system
prerequisites and co-requisites
1.Semester: no information
course contents
I. The term crisis and the analysis via key figures
1. The recognition of a crisis
• financial accounting and annual financial statements
• performance and control variables
• reorganization and over-indebtedness audit
• crisis stages and reorganization expert opinions
2. "Crisis cockpit" and crisis indicators
• Capital structure, asset and earnings analysis
• Financial ratios with adjusted data
• Financial and performance crisis indicators
• Case study: Early Crisis Detection
II. Strategic early warning systems
• Recognizing a strategic crisis
• Group discussion: Development of solution proposals
1. The recognition of a crisis
• financial accounting and annual financial statements
• performance and control variables
• reorganization and over-indebtedness audit
• crisis stages and reorganization expert opinions
2. "Crisis cockpit" and crisis indicators
• Capital structure, asset and earnings analysis
• Financial ratios with adjusted data
• Financial and performance crisis indicators
• Case study: Early Crisis Detection
II. Strategic early warning systems
• Recognizing a strategic crisis
• Group discussion: Development of solution proposals
recommended or required reading
Coenenberg, A. G., Haller, A. & Schultze, W. (2018) Jahresabschluss und Jahresabschlussanalyse: Betriebswirtschaftliche, handelsrechtliche, steuerrechtliche und internationale Grundlagen - HGB, IAS/IFRS, US-GAAP, DRS, Stuttgart.
Egger, A. & Bertl, R. (2018) Der Jahresabschluss nach dem Unternehmensgesetzbuch, Band 1: Der Einzelabschluss. Erstellung, Prüfung, Veröffentlichung, Wien.
Exler, M. & Situm, M. (Hrsg.) (2019) Restrukturierungs- Turnaround-Management, Berlin.
Exler, M. (2015) Controllingorientiertes Finanz- und Rechnungswesen, 2. Auflage, Herne.
Crone, A. & Werner, H. (Hrsg.) (2014) Modernes Sanierungsmanagement, München.
Evertz, D. & Krystek, U. (Hrsg.) (2010) Restrukturierung und Sanierung von Unternehmen, Stuttgart.
Hohberger, S. & Damlachi, H. (Hrsg.) (2019) Praxishandbuch Sanierung im Mittelstand, Wiesbaden.
Egger, A. & Bertl, R. (2018) Der Jahresabschluss nach dem Unternehmensgesetzbuch, Band 1: Der Einzelabschluss. Erstellung, Prüfung, Veröffentlichung, Wien.
Exler, M. & Situm, M. (Hrsg.) (2019) Restrukturierungs- Turnaround-Management, Berlin.
Exler, M. (2015) Controllingorientiertes Finanz- und Rechnungswesen, 2. Auflage, Herne.
Crone, A. & Werner, H. (Hrsg.) (2014) Modernes Sanierungsmanagement, München.
Evertz, D. & Krystek, U. (Hrsg.) (2010) Restrukturierung und Sanierung von Unternehmen, Stuttgart.
Hohberger, S. & Damlachi, H. (Hrsg.) (2019) Praxishandbuch Sanierung im Mittelstand, Wiesbaden.
assessment methods and criteria
• Module exam (Modern Entrepreneur & Leadership, Annual Financial Statement Analysis & Reorganization Needs, Start-up Strategies)
language of instruction
Germannumber of ECTS credits allocated
3eLearning quota in percent
0course-hours-per-week (chw)
1.5planned learning activities and teaching methods
• The course, which is mostly dialog-oriented, usually consists of the triad of practical relevance, academic structuring, and the independent development of integrative case studies from immediate professional and consulting practice.
