Accounting

Brief description

1. Different types of record-keeping obligations (cash accounting, double-entry bookkeeping); 2. Elements and purpose of a financial statement in double-entry bookkeeping; 3. Breakdown and layout of the balance sheet; 4. Breakdown and layout of the profit and loss account; 5. Account structure (chart of all accounts, chart of relevant accounts, account types); 6. Account entries (logic, debit/credit, profit/loss); 7. Introductory examples for ongoing accounting transactions in sales (revenues , discounts, cash discounts, returns, incl. value added tax and claims), in procurement (pre-stocking, asset purchase, discounts, cash discounts, returns, incl. input tax and payables), posting to expense account and different types of payment; 8. Simple closing entries ( depreciation, private account, cost of sales); 9. Accounting cycle; 10. Relation between balance sheet and profit and loss accounts

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Grohmann-Steiger et al. : Einführung in die Buchhaltung im Selbststudium. Most current edition.Wien.; Messner et al. (Hrsg.): Grundlagen der Betriebswirtschaftslehre. Most current edition. Wien.

Planned learning activities and teaching methods

Integrated course: lecture, case studies, discussion

Assessment methods and criteria

Assessment is based on the final exam as well as on the quality of students' assignments, presentations etc.

Prerequisites and co-requisites

none

Infos

Degree programme

Project Management & IT (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2023

Semester

1 WS

Incoming

Yes

Learning outcome

After completing this course, students will be able to name and define structures as well as elements of double-entry bookkeeping. Students will be able to autonomously enter simple business transactions in the sales and procurement areas in the books and to create an accounting cycle which is based on those accounting transactions, using basic closing entries. They will also be able to create a balance sheet and profit and loss accounts.

Course code

0387-17-01-VZ-DE-05