Balancing

• Consolidated companies: consolidation of investments, consolidation of intercompany payables and receivables, consolidation of income and expenses, elimination of intercompany profits and losses, full consolidation, proportionate consolidation and consolidation using the At Equity method • Differences between Austrian Commercial Code (UGB) and IFRS accounting • Special features of balance sheet accounting in accordance with international regulations (IFRS): valuation principles, cash flow statement, statement of changes in equity, segment reporting, notes • Framework for the preparation of financial statements in accordance with IFRS • AS Rules for the Valuation of Balance Sheet and P&L Items

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Fröhlich, Christoph. Konzernrechnungslegung kompakt. 3rd edition, 2017. Recommended: Egger, Anton et al. Der Jahresabschluss nach dem Rechnungslegungsgesetz, Band 2: Der Konzernabschluss unter Einbeziehung der International Accounting Standards

Planned learning activities and teaching methods

Lecture, examples, exercises, discussion

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 (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Part-Time

Academic year

2021

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

0229-19-01-BB-DE-16