International Management

Accounting 2

Integrated course, 2.00 ECTS

 

Course content

Legal principles of annual statements (UGB), long term assets, depreciation, calculation of goods and materials employed, valuation of claims and liablilties, accruals and deferrals, reserves, balance sheet analysis

Learning outcomes

After positive completion of the course the students have knowledge on the areas of responsibility of balance sheet accounting and be able to explain the principles of proper accounting. They know and can explain the valuation methods as well as can and balance sheet policy measures.
The students learn the basics of accounting and can prepare simple annual financial statements according to the Austrian Commercial Code (UGB).

Recommended or required reading and other learning resources / tools

Textbook: Gurmann, S. (2014) Grundzüge des Gesellschafts- und Insolvenzrechts (Linde Wien); Grohmann-Steiger,Schneider, Dobrovits: Einführung in die Buchhaltung im Selbststudium, 21. Auflage, Wien 2016; different annual reports; aktuelle Geschäftsberichte; Weber, 5 vor Jahreabschluss, nwb, 2014;Hoffmann - Lüdenbach (Hrsg.) IAS/IFRS -Texte; Grünberger, IFRS 2016, 13. Auflage, 2015.
Journals: Das Recht der Wirtschaft (RdW), Wirtschaftsrechtliche Blätter, ecolex

Mode of delivery

Integrated Lecture, 2 THW, 2 Groups, 3 ASWS

Prerequisites and co-requisites

None

Assessment methods and criteria

Lecture: final exam; Work sessions: continuous assessment