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We are very pleased to welcome Prof. Dr. Christopher Hossfeld and Prof. Dr. Emmanuel Zilberberg for their class “Learning Business by Doing Business”.

Professor Hossfeld is Director of the Specialized Master “Business Performance and Management” at the ESCP Business School. His research focuses on Corporate Finance, Financial Accounting, Financial Statement Analysis, Group Financial Statements, International Accounting and Accounting Harmonisation.

Professor Zilberberg teaches Accounting at the ESCP Business School and is responsible for an elective course on “Pricing and Margin Optimization”. His research is specialized in Management Accounting and Pricing, Pedagogical Innovation and Digital Interactions.

We are very proud to have Professor Hossfeld and Professor Zilberberg teaching the course Learning Business by Doing Business together again at the EIABM, this year as an interactive online course using a range of different online tools providing a great mix of learning methods rich in variety.


Module M3-2 Learning Business by Doing Business

The course is designed for participants without any background in Financial Accounting. It is a foundation course in financial accounting & reporting teaching basics of accounting techniques. The different elements of financial statements will be examined in terms of content, presentation and analysis. The Management Accounting part relies on financial accounting by reorganizing the information produced to calculate costs, margins and profits. These calculations do not only concern the products and/or services provided by the company, but can relate to a function, an entity, a process, etc. This optional and internal accounting offers a double dimension, accounting and management. It contributes to the valuation of certain elements in the balance sheet and the income statement and it also allows managerial decisions in relation to conservation, subcontracting, discontinuation of activities, maximization under constraint, pricing, capacity management, etc.

The course is not oriented towards calculation. It aims at developing critical thinking by questioning any cost calculation which always represents an opinion about how resources are consumed by a cost object. It wants to help participants to integrate cost concepts in their (strategic) thinking and facilitate their dialog with management accountants.