Industrial Engineering & Management FT
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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, handelsrechliche, steuerrechtliche und internationale Grund-lagen, 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

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)

Director of Studies

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

In-class course

work placement(s)

not applicable