1. The basic principles of adequate and orderly book balancing (particularly valuation methods, principle of prudence) 2. Valuation methods (acquisition costs vs. Production costs) 3. 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) 4. Minimum breakdown of balance and P&L for corporate enterprises according to UGB (Austrian Commercial Code) 5. Notes 6. 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) 7. Balancing of current assets (stock-in-trade incl. Input, bills outstanding) 8. Balancing of debt capital (esp. Various accruals, possibly foreign currency liabilities) 9. Equity balancing (esp. Various reserves, possibly the appropriation of earnings) 10. Prepaid expenses and deferred charges (assets and liabilities) 11. Profit and loss account (structure, different outcome variables, sales vs. Total cost method) 12. Easy ratio analysis and the fundamentals of cash flow statements 13. Illustration based on real annual financial statements.
Logistics & Transport Management (Bachelor)
Language of instruction
After the successful completion of this course the student will be able to solve the most important balance sheet and valuation problems regarding the preparation of annual statements (balance sheets, P&L, notes). They will be able to interpret an annual statement and analyze it with regard to financial and assets positions and current standing.