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Introduction to Accounting

level of course unit


Learning outcomes of course unit

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 technique and internal structure of double-entry bookkeeping.
Can assess the structure of an accounting system and the characteristics of different types of accounts.
- 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
- Are familiar with the tasks and solutions of cost and revenue accounting with its subsystems (cost element, cost center and cost unit accounting).
- Can differentiate between the terms payments - disbursements, income - expenses, revenue - outlay
- Can describe the organizational structure of a cost accounting system and explain its main features.
- Know the systems of cost accounting (partial and full cost accounting).

prerequisites and co-requisites

Courses of the previous semester successfully completed.

course contents

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

recommended or required reading

Buchholz, L./ Gerhards, R. (2016): Internes Rechnungswesen, Kosten- und
Leistungsrechnung, Betriebsstatistik und Planungsrechnung
Deimel, K./ Erdmann, G./ Isemann, R./ Müller, S. (2017): Kostenrechnung, Das
Lehrbuch für Bachelor, Master und Praktiker
Geirhofer, S./ Hebrank, C. (2016): Grundlagen Buchhaltung und Bilanzmanagement,
4, Aufl.
Coenenberg, A.G./ Haller, A./ Et. Al. (2018): Einführung in das Rechnungswesen:
Grundlagen der Buchführung und Bilanzierung, 7. Aufl.
Wedell, H./ Dilling, A.A. (2018): Grundlagen des Rechnungswesens, 16. Aufl.
Breidenbach, K., & Währisch, M. (2017): Buchhaltung und Jahresabschluss, 4. Aufl.
Schmidt, M., Auer, B., & Schmidt, P. (2012): Buchführung und Bilanzierung: Eine
anwendungsorientierte Einführung

assessment methods and criteria

final exam

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


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)

Dipl.-Kfm. Marco Stephan

year of study


recommended optional program components


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)

not applicable