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Financial Literacy: Steering the Company with Numbers

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Master Financial and Managerial Accounting

This course is designed for young professionals and junior managers who want to understand financial reports and their connection to business decisions. You will develop essential skills to interpret key financial KPIs as well as transactions and learn about financial and managerial accounting. By understanding how different departments intersect and impact financial reports, you will gain valuable insights into their broader business implications. This knowledge will help you use KPIs to make value-driven business decisions.

Key Facts

Program Structure


One on-site module

Program Duration


3 days, September 24-26, 2025

Location


On campus, Mannheim, Germany

Language


English

Course Fee


€2,900

Early-bird offer €2,400

Prerequisites


Either 5 years of work experience or a first academic degree plus at least 3 years of work experience, good English language skills

Credits


Certificate of attendance awarded by Mannheim Business School

Reputation


MBA level teaching at Germany’s #1 business school

Secure Your Seat And Save €500!

Register by July 16, 2025, to save €500 with our early-bird offer!

This course is part of the General Management Program and can be booked individually or as part of the full program. Find out more here

Register now

Course Content

  • Accounting and Corporate Governance (2 days)

    • Accounting basics: The cashflow statement, the income statement, and the balance sheet
    • M&A accounting and segment reporting
    • Financial statement analysis and firm valuation
  • Managerial Accounting (1 day)

    • Link between managerial accounting and value creation in firms 
    • Fundamentals to drive corporate profits: cost behavior and scalability of business models 
    • Cost allocation: product costing and activity-based costing 
    • Using costs for decision-making and planning 
    • Accounting return measures and value creation 
    • Non-financial performance measures: benefits and limitations 

Special Offer

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Enjoy the Full General Management Program

This program is an open-enrollment module of our General Management Program, which provides young professionals with fundamental general management knowledge. Participate in all four modules to round off your skills: Embracing Complex Change, Financial Literacy: Steering the Company with Numbers, Customer-Focused Innovation & Marketing, and Master the Future: Current Trends from a Strategic Perspective. Upon completion of the full General Management Program, you will receive our "Certificate of Excellence in General Management," including 8 ECTS credits. If you book the whole program, you also benefit from our bundle price and special introductory discount (30% off for the first run)!

Please note: This Early Bird discount cannot be combined with the Early Bird offer for the full bundle. 

Lecturers

Prof. Dr. Christopher Koch

Christopher Koch is the Chair of Corporate Governance and Auditing at the Johannes Gutenberg University Mainz, a position he has held since 2013. His academic background includes a Doctorate in Business Administration from the University of Mannheim, completed in 2008, and his Habilitation in 2013. In 2021, he was honored with the Mannheim Business School Teaching Award, and in 2024, he received the prestigious ACA Prize of the University of St. Gallen, which was established in the tradition of the Dr. Kausch Prize for outstanding audit research.

He has published extensively in leading academic journals such as The Accounting Review, Contemporary Accounting Research, Accounting, Organizations and Society, Review of Accounting Studies, and European Accounting Review, among others. He has also served as an Associate Editor of Auditing: A Journal of Practice & Theory since 2023 and for the European Accounting Review since 2020. From 2017-2020, he was Associate Editor of the journal Behavioral Research in Accounting.

Christopher Koch is a member of the Scientific Committee of the European Auditing Research Network (EARNet) and the European Network for Experimental Accounting Research (ENEAR).

Prof. Dr. Martin Artz

Martin Artz is a full Professor at the University of Münster (GER) and Director of the Institute of Management Accounting & Control. He received his doctoral degree in 2010 and his diploma in business administration (equivalent to a master's degree) in 2006, both at the University of Mannheim. He is the academic director of the Executive MBA programs at the University of Münster and part of the adjunct faculty of Mannheim Business School. His research, teaching, and advisory key topics are management accounting and control practices for strategy implementation and value creation. He has published articles on these topics in leading academic journals such as The Accounting Review, Contemporary Accounting Research, Accounting, Organizations and Society, Journal of Marketing, and Journal of Marketing Research. Martin Artz has more than 15 years of experience in training and consulting managers and firms in areas such as strategy implementation, planning, and budgeting, cost management and restructuring, as well as data-driven performance measurement. He is also active as an entrepreneur and co-founder of a software-as-a-service company with a focus on target setting and strategy execution.

Registration and Course Fees

  • The course fee is €2,900. Register by July 16 to profit from our early-bird price of €2,400!
  • The final registration deadline is August 27, 2025.
  • Good to know: Tax offices usually recognize costs for your further education if they are job-related. Depending on your tax status in Germany, you may claim up to 50% of the tuition fee and related travel expenses on your annual tax return. Outside of Germany, please check details with a tax advisor in your country of residence. Please note: Each federal state in Germany has regulations on educational leave. Check here to see which regulations apply in your federal state and get in touch with us to discuss your individual situation.

If you have any questions about the Financial Literacy course, our MBS Open Courses & Certificates Team will be happy to answer them.

Contact

MBS Open Courses & Certificates Team

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Located in the heart of the German and European economy, Mannheim Business School (MBS), the umbrella organization for management education at the University of Mannheim, is considered to be one of the leading institutions of its kind in Germany and is continuously ranked as Germany’s #1.

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