The students are able to

• explain the importance of bookkeeping and accounting in the context of corporate management.
• interpret the legal framework and the underlying intentions (tax law/commercial law).
• explain and apply the system of double-entry bookkeeping.
• conduct the most important current and closing entries.
• correctly assess valuation issues in the context of the annual financial statements and prepare simple annual financial statements.
• apply the theoretical content in practice using accounting software.

none

• Introduction: Demonstrating the importance of bookkeeping and accounting in the context of corporate management
• Double-entry bookkeeping and its systematics: From the opening balance sheet to the closing balance sheet; chart of accounts, structure according to the Austrian Company Code (UGB); notation of accounts and accounting records
• Significance of sales tax in the context of accounting
• Booking of important current business transactions: Receivables and payables, procurement transactions, discounts, invoice clearing, accounting of bank loans, import and export transactions (in connection with VAT), wages, salaries, accounting of taxes depending on the legal form
• Closing entries: Asset accounting, forms of depreciation, valuation of receivables, accruals and deferrals, provisions, reserves, inventories, work in progress, finished goods - valuation
• Practical application of the content learned using an accounting software program

Schneider, W./Dobrovits, I./Schneider, D. (2022): Einführung in die Buchhaltung im Selbststudium. Wien: facultas.wuv.

Egger, A./Bertl, R. (2018): The annual financial statements according to the German Commercial Code. Volume 1: The individual financial statements. Preparation, audit, publication. Vienna: Linde Verlag.

Lecture, interactive development of content and exercises through group works, discussion, software application

Integrated module examination

Final assessment type: written exam