Technische Hochschule Deggendorf

What can we do to control trade, why do we have tariffs or other trade barriers, what are the effects of a tariff, what are the costs and benefits of a tariff (consumer and producer surplus), how can we measure the costs and benefits of tariffs, what is export subsidy, lots of graphs to explain everything

Explanation of the standard trade model with the help of graphs, trade in the standard trade model, determination of the world equilibrium, how can we explain economic growth

Explanation of the Heckscher-Ohlin model with the help of graphs, what is the two factor economy, trade in the heckscher ohlin model, factor- price equalisation

Explanation of the Ricardian model using graphs, Comparative vs absolute advantage, what is the one factor economy, explaining the trade in the Ricardian model, determining the relative price after trade, the gains of trade explained with a graph

Explanation why a country trades with some countries more than with others, Graph of the gravity model

How do we present taxes in financial statements? What are deferred taxes and why do they occur?

How to recognise provisions, types of provisions, measurement of provisions

What are financial instruments? How can we measure financial assets? Compound financial instruments, hybrid forms

How can we calculate the cost of inventories? What is the net realisable value and how do we calculate it? What is the value added tax? Construction contracts and how to recognise contract revenues and expenses

Classification of leases , accounting for different kinds of leases, calculation of present value , two methods to calculate the finance charge (Interest that has to be paid)

What happens when there is a change in accounting policies? What do we have to do with our financial statements? What if we make errors and recognise it in a period later?

What is an asset held for sale? What are the differences between PPE (property, plant and equipment) and non-current assets held for sale? How do we recognize and measure assets held for sale? How do we presents the sale of assets held for sale in the financial statements? What are disposal groups and discontinued operations?

What is impairment of assets and why do we need it? What is a cash generating unit (CGU)? What is the recoverable amount and how do we calculate it? How do we present impairment losses or gains in the financial statements?

Explanation of intangible assets, what they are and what goodwill is

How do we write down PPE in our financials statements, how do we recognise it, how do we calculate depreciation, etc.

Short explanation of the differences between IFRS, IAS, and US-GAAP

Measuring risk and measuring the losses and gains of investments

Basic formulas to calculate the time value of money And explaining cash flows

This document summarises and explains the most important ratios to do a financial analysis

* Detailed discussion of the topics along with illustrations * Bolded definitions * Questions that might appear in the exams * Relevant linear programming codes and their explanation