Information on individual educational components (ECTS-Course descriptions) per semester

Successful completion of the accounting course

Confidence in the basic concepts of deposits/income, disbursements/expenses and the components of the annual financial statement

• Accounting obligation according to UGB
• Company law provisions on accounting in the Third Book of the UGB
• Principles of proper accounting
• Structure of the balance sheet and profit and loss account
• Valuation rules, types, entries and special cases of the individual balance sheet items (fixed assets, current assets, accruals and deferrals, equity, provisions, liabilities, deferred taxes)
• Profit and loss account procedures
• Notes and management report

The external accounting system shows the company's assets, financial and earnings situation for external addressees and management, but also for employees. The annual financial statement under company law determines the ability to distribute dividends and forms the basis for taxation of the company. Knowledge of external accounting is indispensable for graduates of business administration.

The students know the importance of bookkeeping and accounting as a component of the entire business accounting system, they know the individual components of an annual financial statement and are able to name and describe the principles of proper accounting, explain their significance and conclude accounting measures from this.

The students know the basic legal regulations in the third book of the UGB, the minimum structure of a balance sheet and profit and loss account for corporations according to the UGB and are able to define and describe the reason for and the amount of a balance sheet item (valuations, value concepts - also depending on size and legal form) in company and tax law.

The students are able to discuss the valuation rules of the various balance sheet items and to carry out and justify the valuation of individual balance sheet items.

The students know the differences and special features of the profit and loss account according to the total cost method and cost of sales method, they can name the components of the notes and explain the regulations. They also know the components, the informative value and the procedure for preparing a statement of changes in fixed assets and they know the possible contents of a management report.

The students are able to examine the changes in accounting and valuation methods on the basis of a case study and are able to examine and evaluate the effects of the accounting and valuation options on the profit / loss and, on this basis, are able to give initial recommendations for action to shape the annual result.

Interactive course with lecture, case studies, exercises in individual and group work

Written exam

None

Egger; Bertl (2018): Der Jahresabschluss nach dem Unternehmensgesetzbuch, Band 1, Der Einzelabschluss. 17 Auflage. Wien: Linde Verlag

Wagenhofer, Alfred (2019): Bilanzierung und Bilanzanalyse. 14. Auflage. Wien: Linde Verlag.

Peter Bitzyk; Rudolf Steckel (2019): Der Jahresabschluss - Einzelabschluss nach dem UGB. 10. Auflage. Wien. Verlag: LexisNexis ARD ORAC

Classes with compulsory attendance in individual teaching units (simulation game, seminars) supplemented by asynchronous teaching units for the presentation of elementary basics, which are assumed as given knowledge