Balance Sheet Accounting

Brief description

  • Principles of proper accounting (esp. valuation principles, prudence principle)
  • Valuation approaches (acquisition costs vs. production costs)
  • Differences between accounting of business transactions under company law and under tax law (in particular the Principle of Decisiveness, Overview of the Effects of Profit)
  • Minimum classification requirements of balance sheet and income statement for corporations according to Austrian Commercial Code (UGB)
  • Income statement (structure, different result parameters, revenue vs. total cost method)
  • Appendix of the annual accounts
  • Accounting for fixed assets (purchase, self-constructed assets, low-value assets, scheduled and unscheduled depreciation, distinction between tangible assets - financial assets - intangible assets)
  • Accounting for current assets (inventories incl. use of materials, receivables)
  • Accounting for borrowed capital (in particular various provisions, foreign currency liabilities)
  • Accounting for equity (in particular various reserves, appropriation of profits)
  • Accruals and deferred income (assets and liabilities)
  • Simple key figure analysis and basics of cash flow calculation
  • Analysis of real annual financial statements

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Benedict, Augustine & Elliott, Barry: Financial Accounting, An Introduction, 2nd edition, Prentice Hall

Planned learning activities and teaching methods

Lecture, discussions, case studies, student group work, assignments.

Assessment methods and criteria

Continuous assessment (quality of completed assignments and presentation of results) and written exam

Prerequisites and co-requisites

Bookkeeping

Infos

Degree programme

Banking and Finance (engl.)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2025

Semester

2 SS

Incoming

No

Learning outcome

After successful completion of the course, the students can

  • name the main accounting and valuation problems relating to the preparation of annual accounts (balance sheet, profit and loss account, notes)
  • talk about various closing entries in the area of fixed and current assets as well as equity and debt capital, name and explain their effects on the success of the company
  • carry out these financial statement postings independently and analyse their effect on the financial statement
  • read and analyse the financial statements presented in respect of their financial position, performance and cash flows

Course code

1229-19-01-VZ-EN-16