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 completion of this module, the students can ..... Differentiate between corporations and associations; ..... Solve simple case studies on the establishment of companies as well as liquidation, liability and profit division; ..... Discuss the main concepts of liability of CEOs. Legal principles of annual statements (UGB), how to get a balance sheet and income statement. Introduction to International Financial Reporting Standards.

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

ILV, 2 THW, 2 Groups, 3 ASWS

Prerequisites and co-requisites


Assessment methods and criteria

Lecture: final exam; Work sessions: continuous assessment