LFU:online

Imparting the fundamentals of accounting and account balancing; to reach this objective first the fundamentals of accounting will be imparted; given concrete examples, the participants should be able to carry out the accounting.
In further consequence the participants should be able to prepare an annual financial statement using different accounting theories (profit and loss account, balance sheet, cash flow statement); furthermore basics of analysing an annual financial statement should be learned.

- fundamentals of accounting and account balancing
- accounting duty
- accounting principles
- accounting theories
- form of presentation in a balance sheet
- assets and their presentation in the balance sheet
- liabilities and their presentation in the balance sheet
- presentation of profit and loss account
- aggregate cost method vs. cost of sales method
- concepts of profit under commercial law
- concepts of profit under tax law
- payment flows and value flows in a company
- maintaining real accounts and profit and loss accounts
- entry of purchases and sales of individual assets
- entry of returns, rebates and discounts
- entry of receivables valuations
- entry of additions, disposals and depreciations on fixed assets
- entry of provisions
- entry of accruals and deferrals
- preparation of annual financial statements

lecture

final written exam

Kodex Steuerrecht
Kodex Unternehmensrecht
Kurt Auer, Buchhaltung + Jahresabschluss

Caution! For students of the faculty of law only!