Accounting & Controlling I

Course contents

Topics of Course Unit 1
Various accounting systems
Considering Austrian financial reporting standards within an international
context
Obligation to keep records
Bookkeeping systems
The consequences of violating the legal obligation to keep records

Topics of Course Unit 2
GAAP
The characteristics of double-entry bookkeeping
The concept of balancing
Posting to asset accounts

Topics of Course Unit 3
Posting to asset accounts
Posting to profit and loss accounts
Personal withdrawals versus personal contributions
Three-ledger accounting
Calculating cost of sales and depreciation

Topics of Course Unit 4
The legal basis for VAT
VAT reporting

Topics of Course Unit 5
Fixed assets: valuation and reporting
Current assets: valuation and reporting
Depreciation

Topics of Course Unit 6
Valuation of inventory
Valuation of receivables
Accrual

Topics of Course Unit 7
Evaluation of liabilities
Provisions
Reserves

Topics of Course Unit 8
Operating numbers
based on concrete financial statements

Topics of Course Unit 9
Revision, exercises and preparation for the final examination

Department

Bachelor's program Entrepreneurship, Tourism & Leisure Business