The basic principles of adequate and orderly book balancing (particularly valuation methods, principle of prudence) Valuation methods (acquisition costs vs. Production costs) Differences between accounting according to company law and tax allowance/effects with regard to business processes (esp. Authoritative principle, reconciliation of book and taxable income) Minimum breakdown of balance and P&L for corporate enterprises according to UGB (Austrian Commercial Code) Notes; Balancing of non-current assets (purchase, self-provided assets, low value fixed assets, ordinary and extraordinary depreciation, the difference between tangible assets, financial assets and intangible assets); Balancing of current assets (stock-in-trade incl. Input, bills outstanding); Balancing of debt capital (esp. Various accruals, possibly foreign currency liabilities) Equity balancing (esp. Various reserves, possibly the appropriation of earnings) Prepaid expenses and deferred charges (assets and liabilities) Profit and loss account (structure, different outcome variables, sales vs. Total cost method) Easy ratio analysis and the fundamentals of cash flow statements Illustration based on real annual financial statements.

Mode of delivery

face to face



Recommended or required reading and other learning resources/tools

Geirhofer S., Hebrank C., (2010), Grundlagen Buchhaltung und Bilanzmanagement, Linde-Verlag, Wien

Planned learning activities and teaching methods

Applying the course syllabus through exercises and performing application related tasks

Assessment methods and criteria

assessment of learning outcomes reached: final exam (60 minutes, 70% of final grade); continuous assessment (30% of final grade)

Prerequisites and co-requisites

fundamentals of bookkeeping


Degree programme

Technical Sales and Distribution Management (Bachelor)



ECTS Credits


Language of instruction




Academic year



2 SS



Learning outcome

After completing the course "Balance Sheet Accounting" the students will be able to determine the principles of proper accounting and the relevant accounting policies. Further, the students will be able to link the relevant variables in the profit and loss account and balance sheet, derive simple balance sheet analysis and demonstrate the corresponding ratings of depreciable fixed assets. In addition, the students will be able to read submitted and analyze them in relation to assets, income and financial positions.

Course code