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Introduction to Accounting

level of course unit

first cycle, Bachelor

Learning outcomes of course unit

Students master the basic ideas and terminology of external and internal accounting and apply these to simple case studies. They recognize the differences between cash-based accounting and double-entry accounting. Students know the elements and procedures in bookkeeping and understand the basics of the Austrian tax system. Students can determine the effects that common business transactions have on the annual accounts (balance sheet and P&L summary). They can understand and apply expense budgeting and profit and loss accounts (direct costing and full cost accounting). They master the basics of financing, can keep simple budgets and critically analyze financing offers. Furthermore, they learn alternative forms of financing and can analyze financing options for simple case studies.

prerequisites and co-requisites

not applicable

course contents

Basic terminology, tasks and targets in accounting and financing
Basic external accounting (accounting on a cash basis, double-entry accounting, bookkeeping basics: balance sheet, tasks and organizational structure, profit and loss statement (P&L), and the correlation between a balance sheet and P&L
Basic internal accounting: functions of cost accounting, cost-type accounting, cost center accounting, cost unit accounting and breakeven analysis
Basic financing: terminology and aims of financing, financial planning, liquidity planning, basic forms of equity financing, auto-financing and credit financing.
Case study examples of the concepts of accounting and financing

recommended or required reading

Auer, K. (2011): Buchhaltung + Jahresabschluss, Schritt für Schritt zu Bilanz, GuV und Cashflow-Statement, Wien, Linde
Exler, M. (2009): Controllingorientiertes Finanz- und Rechnungswesen - Jahresabschluss & Analyse, Finanzwirtschaft, Wertmanagement, Herne, NWB Verlag
Grohmann-Steiger, Ch. / Schneider, W. / Dobrovits, I. (2013): Einführung in die Buchhaltung im Selbststudium, 20. Auflage, Band I + Band II, Verlag facultas
Olfert, K. (2011): Finanzierung, 15. verbesserte und aktualisierte Auflage, Neckargemünd, Kiehl Verlag
Schauer, R (2013): Betriebswirtschaftslehre, 4. Auflage, Wien, Linde Verlag

assessment methods and criteria

written examination

language of instruction


number of ECTS credits allocated


planned learning activities and teaching methods

integrated course, case studies, discussion, group work

semester/trimester when the course unit is delivered


name of lecturer(s)

MMag. Sandra Maier

year of study

first year of studies

recommended optional program components

not applicable

course unit code


type of course unit


mode of delivery

in-class course

work placement(s)

not applicable