LFU:online

After completing this course, students are able to:

• explain the roles and addressees of financial accounting
• apply the principles of proper accounting (GoB), the specific rules for capitalisation and measurement according to the Austrian corporate code (UGB) and technical concepts in the preparation of financial statements.
• explain the structure of the balance sheet and the income statement.
• to critically reflect on the design of accounting rules and to justify and criticise the application of rules to specific cases.
• explain the role and basics of financial statement analysis and to apply them to examples.

Basics of financial accounting; balance sheet theories; principles of proper accounting; rules on capitalisation and measurement according to UGB; basic foundations of financial statement analysis and earnings management; calculation of ratios.

Interactive lecture with examples

Wagenhofer, A., Bilanzierung und Bilanzanalyse – Eine Einführung, Linde Verlag, 13. Auflage;

Bitzyk P., Steckel R., Der Jahresabschluss - Einzelabschluss nach dem UGB, Orac-Wirtschaftsskripten, LexisNexis, 9. Auflage.

according to curriculum