040628 VO Financial Accounting II (2026W)

Course Objectives

The objective of this course is to provide students with a solid understanding of the preparation of annual financial statements in accordance with the Austrian Commercial Code (UGB). Students will be enabled to prepare a complete set of financial statements starting from a trial balance, to assess individual balance sheet items appropriately, and to correctly apply the statutory recognition, measurement, and presentation requirements.

Course Content

The course systematically covers the process from the trial balance to the annual financial statements in accordance with the UGB, with a focus on the main balance sheet items:

Part 1: From the trial balance to the annual financial statements

Part 2: Non-current assets (recognition, measurement, depreciation)

Part 3: Current assets (measurement, impairment)

Part 4: Accruals and deferrals

Part 5: Liabilities

Part 6: Provisions

Part 7: Equity

The relevant legal provisions of the Austrian Commercial Code (UGB), typical practical cases, and issues of classification and distinction are addressed throughout the course.

Teaching Method

The course content is delivered in the form of lectures combined with integrated examples and exercises. Practical case studies are used to deepen the application of statutory requirements and to enhance students’ understanding of accounting relationships.