Financial Reporting

Brief description

  • Principles of proper accounting (esp. valuation principles, prudence principle)
  • Valuation approaches (acquisition costs vs. production costs)
  • Differences between accounting under company law and accounting for business transactions under tax law (esp. principle of authoritativeness, more-less accounting)
  • Minimum structure of balance sheet and income statement for corporations according to the Austrian Commercial Code (UGB)
  • Accounting for fixed assets (purchase, self-produced assets, low-value assets, scheduled and unscheduled depreciation, distinction between tangible assets - financial assets - intangible assets)
  • Accounting of current assets (inventories incl. use of materials, receivables)
  • Accounting of borrowed capital (esp. various provisions, possibly foreign currency liabilities)
  • Accounting of equity capital (esp. various reserves, possible appropriation of profits)
  • Accruals and deferrals (on the assets and liabilities side)
  • Profit and loss account (structure, different result variables, cost of sales vs. total cost method)
  • Simple ratio analysis and basics of cash flow accounting
  • Illustration based on real annual financial statements

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

  • Schneider, W., Dobrovits, I., Schneider, D. (2020): Einführung in die Buchhaltung im Selbststudium, 23. Auflage, Facultas, Wien.
  • Bertl, R., German, E., Hirschler, K. (2019): Buchhaltungs- und Bilanzierungshandbuch, 11. Auflage, LexisNexis, Wien.
  • Messner, S., Kreidl, C., Wala, T. (2020): Grundlagen der Betriebswirtschaftslehre, 6. Auflage, LexisNexis.

Planned learning activities and teaching methods

Lecture, practical application examples in individual and group work, discussion

Assessment methods and criteria

  • Exam method: written final exam (70%), continuous assessment (30%, written quizzes)
  • Assessment criteria: completeness, level of detail and complexity of answers, correctness of solutions and results, compliance with formal criteria

Prerequisites and co-requisites

Bookkeeping

Infos

Degree programme

Logistics & Transport Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2024

Semester

2 SS

Incoming

Yes

Learning outcome

After successful completion of the course, students can

  • solve the most important accounting and valuation problems in connection with the preparation of annual financial statements (balance sheet, income statement, notes)
  • make closing entries independently and analyse their effect on the financial statements
  • read and analyse financial statements with regard to assets and liabilities, profit and loss and financial positions

Course code

0391-21-01-VZ-DE-19