Is there some event/receiver or something for handling first execution after installation or directly after installation? Or Do I need it emulate with preferences?
There is the ACTION_PACKAGE_ADDED Broadcast Intent, but the application being installed doesn't receive this.
So checking if a preference is set is probably the easiest solution.
SharedPreferences p = PreferenceManager.getDefaultSharedPreferences(this);
boolean firstRun = p.getBoolean(PREFERENCE_FIRST_RUN, true);
p.edit().putBoolean(PREFERENCE_FIRST_RUN, false).commit();