Introduction to Accounting

External accounting:

The students:
• Know the fundamentals of mapping business decisions in the accounting system;
• Know and understand the basic concepts and subareas of accounting;
• Understand the technology and internal structure of double-entry bookkeeping and understand the fundamentals of the Austrian tax system;
• Can assess the structure of an accounting system and the characteristics of different account types;
• Can make simple business postings to balance sheet and profit and loss accounts
and create posting records;
• Recognize the significant effects of business transactions on the balance sheet and income statement.

Internal accounting:

The students:
• Know the tasks and solutions of cost and revenue accounting with its
subsystems (cost element, cost center and cost unit accounting);
• Can differentiate the terms payments - disbursements, revenues - expenses,
revenue - expenses from each other;
• Can describe the organizational structure of a cost accounting system and the
main cost accounting systems;
• Know the systems of cost accounting (partial and full cost accounting).

The students are also able to:

• To be familiar with the fundamentals of financing;
• To carry out simple financial planning and to review financing offers critically;
• To know alternative forms of financing and can analyze financing possibilities for simple case studies.

none

External accounting:
• Structure of the accounting system
• Fundamentals of operational accounting: Tasks, sub-areas and basic concepts
• Commercial accounting system: From inventory to opening balance sheet
• Double-entry accounting system: Posting business cases to inventory and profit and loss accounts
• Organization of bookkeeping (chart of accounts, sales tax, etc.)
• Principle of period purity and accruals and deferrals

Internal accounting:
• Objectives and basic concepts of cost and revenue accounting
• Fundamentals of cost and revenue accounting:: Tasks, components and subareas
• Structure of cost accounting (cost elements, cost centers, cost objects)
• Contribution margin accounting

Relation to sports, culture and event management:
• Fundamentals of finance (terms and objectives of financing, financial and liquidity planning)
• Basic forms of participation, self-financing and credit financing
• Application examples for the concepts of accounting and finance
• Case studies

Auer, K. (2018): Buchhaltung + Jahresabschluss: erstellen – verstehen - analysieren, Wien, Verlag Auer & Partner Consulting KG
Breidenbach, K., & Währisch, M. (2017): Buchhaltung und Jahresabschluss, 4. Aufl.
Buchholz, L./ Gerhards, R. (2016): Internes Rechnungswesen, Kosten- und Leistungsrechnung, Betriebsstatistik und Planungsrechnung
Coenenberg, A.G./ Haller, A./ Et. Al. (2018): Einführung in das Rechnungswesen: Grundlagen der Buchführung und Bilanzierung, 7. Aufl.
Deimel, K./ Erdmann, G./ Isemann, R./ Müller, S. (2017): Kostenrechnung, Das Lehrbuch für Bachelor, Master und Praktiker
Exler, M. (2015): Controllingorientiertes Finanz- und Rechnungswesen - Jahresabschluss & Analyse, Finanzwirtschaft, Wertmanagement, Herne, NWB Verlag
Geirhofer, S./ Hebrank, C. (2016): Grundlagen Buchhaltung und Bilanzmanagement, 4, Aufl.
Grohmann-Steiger, Ch. / Schneider, W. / Dobrovits, I. (2016): Einführung in die Buchhaltung
im Selbststudium, 21. Auflage, Band I + Band II, Wien, facultas Verlag
Olfert, K. (2017): Finanzierung, 17. Auflage, Herne, NWB Verlag
Schauer, R (2019): Betriebswirtschaftslehre, 6. Auflage, Wien, Linde Verlag
Schmidt, M., Auer, B., & Schmidt, P. (2012): Buchführung und Bilanzierung: Eine anwendungsorientierte Einführung
Wedell, H./ Dilling, A.A. (2018): Grundlagen des Rechnungswesens, 16. Aufl.

Fachzeitschriften:
Betriebswirtschaftliche Forschung und Praxis (BFuP); Zeitschrift für Betriebswirtschaft (zfB); Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung (ZfBF); Journal of Business and Economics (JBE); Wirtschaftswissenschaftliches Studium (WiSt); BC-Zeitschrift für Bilanzierung, Rechnungswesen und Controlling; Die Wirtschaftsprüfung (WpG); Zeitschrift Führung + Organisation (ZFO); Harvard Business Manager; Der Betriebswirt; Der Betrieb, Strategic Management Journal (SMJ)

written exam

Integrated course, case studies, discussion, group work, presentations