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Introduction to Accounting

level of course unit


Learning outcomes of course unit

In this course students acquire basic knowledge on general business studies and the processes of accounting and finance.

Graduates are able to:
- identify the main components of business accounting and describe their functions.
- master the fundamentals of accounting.
- document ongoing transactions and transactions contained in the annual financial statement.
- identify and describe the functions of the elements of cost accounting and performance accounting.
- understand and interpret a balance sheet as well as profit and loss.

prerequisites and co-requisites

Course "Introduction to Business Studies", courses of the previous semester successfully completed

course contents


Introduction to and classification of accounting; double-entry accounting; accounting cycle (from the opening to the final balance); transaction entries for procurement, sales, etc. taking into consideration VAT; annual financial statement (legal bases and transaction): depreciation of assets, valuation of receivables, accruals and deferrals, reserves, calculating cost of sales, etc., drawing up a balance sheet as well as profit and loss, assessments within the context of the annual financial statement (commercial requirements, fiscal requirements, reconciliation of book and taxable income), fundamentals of IT and CT; double taxation agreement.


From accounting to cost accounting (calculation of implicit costs, operational transfer), cost category accounting (paying particular attention to the cost of materials, personnel costs and implicit costs).
Cost center accounting and cost object accounting at full cost (company accounting at full cost). planned cost calculation at full cost, cost center accounting and cost object accounting with variable costing. Examples: practical examples to calculate implicit costs, full costing and variable costing, presentation of a management profit and loss account: break-even analysis

recommended or required reading

- Egger, Anton; Samer, Helmut; Bertl: Der Jahresabschluss nach dem Unternehmensgesetzbuch, 12. überarbeitete und erweiterte Auflage.- Wien: Linde Verlag, 2008
- Jórasz W.: Kosten- und Leistungsrechnung mit Aufgaben und Lösungen, 3. Auflage.- Stuttgart: Schäffer Pöschel Verlag, 2009
- Thommen Jean-Paul, Achleitner Ann-Kirstin: Allgemeine Betriebswirtschaftslehre, 6. Auflage.- Wiesbaden: Gabler Verlag, 2009
- Kemmetmüller; Bogensberger; Zihr: Kostenrechnung komplett, 2 Bde mit CD-Rom.- Wien: Service Fachverlag, 2004
- Lechner K.; Egger, A.; Schauer, R.: Einführung in die allgemeine Betriebswirtschaftslehre.- Wien: Linde, 2008
- Schneider, W.; Grohmann, C.: Einführung in die Buchhaltung im Selbststudium.- Wien: Facultas Universitätsverlag, 2008
- Wagenhofer Alfred: Buchhaltung und Bilanzierung, 9. überarbeitete und erweiterte Auflage.- Wien: Linde Verlag, 2008
- Wöhe, G.: Einführung in die Allgemeine Betriebswirtschaftslehre.- München: Vahlen Verlag, 2008

assessment methods and criteria

Final examination of the course, group work

language of instruction


number of ECTS credits allocated


planned learning activities and teaching methods

Lecture with discussion and examples, group work

semester/trimester when the course unit is delivered


course-hours-per-week (chw)


name of lecturer(s)

Prof. (FH) DDr. Situm Mario

year of study


recommended optional program components


course unit code


type of course unit


mode of delivery

integrated course

work placement(s)

not applicable