European Master and Certification Program
in Risk Engineering and Management

Managerial Accounting

Course code: 181778
Language of instruction: English
Lecturers: Antonio Vegezzi, Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Dr. Stephan Knabe (Dr. Knabe GmbH Steuerberatungsgesellschaft)
Assessment: Defined in the module

Short description

The course covers the main topics of managerial accounting, such as identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. A strong focus will be given on the practical application of this knowledge, and on how to capitalize on it within their own organizations.


The participants:

Will be able read and conclude about companies’ present status from its financial statements

Will be able to understand current value of company

Will be able to recognize red flags/bad financial numbers in companies finance

Will be able to make recommendation about companies’ future financial decisions 

Target Attendees / Participants

This module prepares current master of engineering students for the practice of their profession in organizations where there is a mutual need and reliance upon their training and skills to satisfy the needs and standards of the organization, its stakeholders, the profession and the community.

Course Content by Units

The course will highlight the following topics:

Relevant information for an organization and where to obtain it

Balance Sheet

Profit and Loss Account

Cost-volume-profit relationship



Teaching Methods

This module will be taught through a mix of cases, discussions, lectures, individual assignments, and group projects. 


 Schulz, V. (2006): Basiswissen Rechnungswesen: Buchführung - Bilanzierung - Kostenrechnung - Controlling, 4. Auflage. DTV-Beck


Ross, S., Westernfield,R., Jaffa,J., Jordan, B., Hiller,D., (2010), Corporative finance,McGrew Hill,


Easton, P., Wild,J., Halsey,R., McAnally, (2012), Financial accounting for MBAs 

For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: B5-2:, generated on September 24, 2021)