Information on individual educational components (ECTS-Course descriptions) per semester

Degree programme: Bachelor International Business Part-time
Type of degree: FH Bachelor´s Degree Programme
Part-time
Winter Semester 2021

Course unit title Financial Accounting according to the Austrian UGB
Course unit code 025027031101
Language of instruction Deutsch
Type of course unit (compulsory, optional) Compulsory
Semester when the course unit is delivered Winter Semester 2021
Teaching hours per week 2
Year of study 2021
Number of ECTS credits allocated First Cycle (Bachelor)
Number of ECTS credits allocated 3
Name of lecturer(s) Jonas ROSSMANITH


Prerequisites and co-requisites

Accounting, Management Accounting


Course content
  • Corporate legal accounting rules in the third Book of the Business Enterprise Code
  • Principles of proper accounting Classification requirements of a balance sheet and an income statement
  • Positioning of balance sheet items Valuation rules, types, bookings and special cases of individual balance sheet items (fixed assets, current assets, accruals and deferrals, equity, provisions, liabilities)
  • Method of income statement
  • Annex and management report

Learning outcomes

Knowledge

  • Students know the importance of accounting and financial accounting as part of industrial accounting.
  • Students know individual components of financial statements.
  • Students are able to name and describe the principles of proper accounting.
  • Students know the basic legislation of the Austrian Business Enterprise Code and corporate legal responsibilities.
  • Students know the minimum classification of a balance sheet and income statement for corporations according to the Business Enterprise Code.
  • Students are able to define and describe an asset and a liability based on merits and amount (valuations, value terms).
  • Students are able to describe valuation rules for all companies and the supplementary regulations for corporate enterprises.
  • Students can list and report the most important valuation rules of various balance sheet items.
  • Students know the differences and characteristics of the income statement according to total cost and cost of sales accounting.
  • Students are able to identify the components of the annex and explain the rules.
  • Students know the constituents of fixed assets.
  • Students know the possible contents of a management report.

Comprehension

  • Students are able to explain the importance of principles of proper accounting.
  • Students are able to orient themselves in the third book of the Austrian Business Enterprise Code.
  • Students are able to classify value approaches and terms in business law and tax law.
  • Students are able to discuss the valuation rules of the various balance sheet items.

Application

  • Students are able to state whether financial accounting within the meaning of the principles of proper accounting is possible.
  • Students are able to create a summary of fixed assets according to legal requirements.
  • Students are able to evaluate and justify individual balance sheet items.
  • Students are able to determine the values of individual balance sheet items.
  • Students are able to conduct the most important accounting postings.

Analysis

  • Students can examine financial accounting and valuation methods using a case study.

Synthesis

  • Students are able to give recommendations for the design of annual results.

Evaluation

  • Students are able to investigate and evaluate the impact of financial accounting and valuation options in terms of profit/loss.

Planned learning activities and teaching methods

Lecture, exercises/case studies as an individual/in a group


Assessment methods and criteria

Comprehensive written examination, 90 minutes


Comment

None


Recommended or required reading

Egger, Anton; Samer, Helmut; Bertl, Romuald: Der Jahresabschluss nach dem Unternehmensgesetzbuch: Der Einzelabschluss. Aktuelle Auflage. Wien: Linde Verlag Bd.1.

Wagenhofer, Alfred: Bilanzierung und Bilanzanalyse. Aktuelle Auflage. Wien: Linde Verlag.


Mode of delivery (face-to-face, distance learning)

Face-to-face