European Master and Certification Program
in Risk Engineering and Management

Principles of Accounting

Course code: 128024
Language of instruction: English
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Dr. Stephan Knabe (Dr. Knabe GmbH Steuerberatungsgesellschaft), Antonio Vegezzi
Assessment: Defined in the module

Short description

This course aims to introduce attendees to the wonderful world of accounting. After gaining an overview of its principles, main methods and tools, a sheet full of numbers will not be able to hide any secret from them anymore. The understanding of balance sheets and profit and loss accounts will empower attendees to assess and appraise the financial situation of a company. Beyond the ability to find and understand this information, the course also aims to highlight how to produce it.


The participants will:

- gain or refresh their existing knowledge concerning business assessment basics,

- understand a balance sheet and a profit and loss account,

- be empowered to perform these by themselves,

- be able to appraise current company’s status by looking at its financial statement, and

- be able to make recommendation about company's future financial decisions.

Target Attendees / Participants

Students of Steinbeis Master of Business Administration

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

Classic lecturing

Free and interactive class discussion


R. N. Anthony, V. Govindarajan (2006): Management Control Systems; McGraw-Hill.

R. Brealey, S. Myers, F. Allen (2013). Principles of Corporate Finance, 11th Edition, McGraw-Hill Education.

C. T. Horngren, G. L. Sundem, W.O. Stratton (2007): Introduction to management accounting, Pearson Prentice Hall.

S. Ross, R.W. Westerfield, J. Jaffe (2012): Corporate Finance, 10th Edition, McGraw-Hill Education.

R. Simons (2000): Performance Measurement and Control Systems for Implementing Strategy Text and Cases, Prentice Hall.

H. R. Varian, C. Shapiro (1998): Information Rules: A Strategic Guide to the Network Economy, Harvard Business School Press


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: F6-1:, generated on September 24, 2021)