Industrial Management

Financial Accounting 1

Integrated course, 4.00 ECTS

 

Course content

• Introduction to corporate accounting
• Legal basics
• System of double-entry bookkeeping
• Basic principles of billing
• Techniques of booking
• Account system - account plan
• Turnover tax
• Booking dues and accounts recievable
• Booking in purchasing and sales
• Settling an invoice
• Booking wages and salaries
• Import and export trade
• Corporate taxes and how to book them
• Determining amortisation and cost of sales

Learning outcomes

The students are able to
• gain a basic, practical command of external accounting for an interdisciplinary general understanding of the topic
• recognise the context of items on a balance sheet and gain an understanding of budgetary policy
• close and act on yearly accounts

Recommended or required reading and other learning resources / tools

Books:
• Schneider/Dobrovits/Schneider: Einführung in die Buchhaltung im Selbststudium
• Bertl/Deutsch/Hirschler: Buchhaltungs- und Bilanzierungshandbuch
• Wagenhofer: Bilanzierung und Bilanzanalyse

The lecturer agrees to pass on an updated list of recommended literature to the students in accordance with the syllabus.
Journals:
• RWZ - Zeitschrift für Recht und Rechnungswesen

Mode of delivery

Integrated lecture

Prerequisites and co-requisites

none

Assessment methods and criteria

Exam and continuous assessment