Basic Accounting
level of course unit
First cycle, Bachelor
Learning outcomes of course unit
The students are able to:
External accounting:
• 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.
• Can assess the structure of an accounting system and the characteristics of different types of accounts.
• 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:
• 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, income - expenses
• 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
not applicable
course contents
External accounting:
• Structure of the accounting system
• Fundamentals of operational accounting: Tasks, subareas and basic terms
• Commercial accounting system: From inventory to opening balance sheet
• Double-entry accounting system: Posting of business cases to balance sheet and profit and loss accounts
• Organization of bookkeeping (chart of accounts, sales tax, etc.)
• Principle of period specificity 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
• Coenenberg, et al. (2014): Jahresabschluss und Jahresabschlussanalyse: Aufgaben und Lösungen, 15th edition, Schäffer-Poeschel Verlag Stuttgart
• Buchholz (2015): Internationale Rechnungslegung: Die wesentlichen Vorschriften nach IFRS und HGB, 12th edition, Erich Schmidt Verlag Berlin
• Bähr, Fischer-Winkelmann, List (2006):Buchführung und Jahresabschluss, 9th edition, Gabler Verlag Wiesbaden
• Coenenberg, et al. (2014): Jahresabschluss und Jahresabschlussanalyse: Betriebswirtschaftliche, handelsrechtliche, steuerrechtliche und internationale Grundlagen, 23rd edition, Schäffer-Poeschel Verlag Stuttgart
• Döring, Buchholz (2013): Buchhaltung und Jahresabschluss, 13th edition, Erich Schmidt Verlag Berlin
• German Commercial Code (HGB) in the latest version.
• Küting, Weber (2015): Die Bilanzanalyse, 11th edition, Schäffer-Poeschel Verlag Stuttgart
• Wöhe, Döring (2013): Einführung in die Allgemeine Betriebswirtschaftslehre, 25th edition, Vahlen Verlag Munich
• Wöhe, Kußmaul (2015): Grundzüge der Buchführung und Bilanztechnik, 9th edition, Vahlen Verlag Munich
assessment methods and criteria
Final written Exam
language of instruction
German
number of ECTS credits allocated
4
eLearning quota in percent
30
course-hours-per-week (chw)
2.5
planned learning activities and teaching methods
Integrated course
semester/trimester when the course unit is delivered
3
name of lecturer(s)
Dipl.-Kfm. Marco Stephan
year of study
Second year of studies
recommended optional program components
not applicable
course unit code
vzWIR2
type of course unit
integrated lecture
mode of delivery
Compulsory
work placement(s)
not applicable