Accounting

Brief description

Accounting: legal obligation to keep records, basics of double-entry bookkeeping (accounts, books, accounting records), income accounting, account types (asset accounts, profit and loss accounts), chart of accounts, balance sheet structure, structure of profit and loss statements; an overview of the accounting cycle (including simple closing entries); Value added tax, book entries of current operations; Basics of adequate and orderly balancing, valuation bases, authoritative principle; Evaluation of unlimited-life assets; Evaluation of limited-life assets (planned depreciation), asset retirement, assets analysis; Appraisal of receivables; Evaluation of cost of gods sold; Accrual and deferral; Owner's equity and appropriation of earnings; Booking of taxes (income tax, capital gains tax, corporate income tax), Brief Overview of the effects of profit.

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Bertl/Deutsch/Hirschler (2013): Buchhaltungs- und Bilanzierungshandbuch, Wien, LexisNexis.Schneider/Dobrovits/Schneider (2013): Einführung in die Buchhaltung im Selbststudium, Facultas

Planned learning activities and teaching methods

Integrated course: in total; 30% continuous participation assessment, 70% final examination.

Prerequisites and co-requisites

none

Infos

Degree programme

Work Design & HR Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Part-Time

Academic year

2023

Semester

1 WS

Incoming

Yes

Learning outcome

Students know the fundamental processes of double entry bookkeeping and accounting and they and are able to explain basic rules of bookkeeping and accounting as well as apply them to simple examples. Students are able to explain the relationship between the balance sheet and the profit and loss statement as well as the cashflow of a company

Course code

0582-15-01-BB-DE-02