Facility & Real Estate Management PT
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Fundamentals of Accounting (E)

level of course unit

Introduction, fundamentals

Learning outcomes of course unit

Graduates are able to: - identify and apply basic knowledge and terms of external and internal accounting. - apply elements and procedures when carrying out accounting. - present the consequences of common business transactions on the annual financial statements (balance sheet as well as profit and loss). - produce and analyze cost-calculations and profit and loss accounts (full costing and marginal costing). - describe financing principles and implement simple financial planning. - identify alternative types of financing.

prerequisites and co-requisites


course contents

- Basic terms, tasks and aims of accounting and finance - Basic knowledge of external accounting (principles of accounting; balance sheet; tasks and structure; profit and loss account (P&L a/c); connection between balance sheet and P&L a/c) - Basic knowledge of internal accounting (tasks of cost accounting; cost category accounting; cost center accounting; cost object controlling; direct costing) - Basic knowledge of finance (terms and aims of financing; financial and liquidity planning; basic types of financing: equity financing, self-financing, loan financing) - Examples of application for the concepts of accounting and finance

recommended or required reading


assessment methods and criteria

Presentation, tutorials, written examination

language of instruction


number of ECTS credits allocated


planned learning activities and teaching methods

Lecture, group work, presentation and discussion of tasks

semester/trimester when the course unit is delivered


name of lecturer(s)

Mag. (FH) Stefan Blaas

year of study

1. Year of studies

recommended optional program components


course unit code


type of course unit

Compulsory subject

mode of delivery

20% web-based self-learning unit, 80% in class course (integrated lecture)

work placement(s)

Not applicable