Basics of Financial Accounting


  • Introduction to accounting
    • Inventory and balance sheet
    • Business transactions not affecting and affecting profit and loss
  • Accounting principles and book-keeping techniques
    • Goods traffic
    • Value-added tax
    • Acquisition costs
    • Revenues and payment transactions
    • Amortization of fixed and current assets
    • Accruals and deferrals
    • Provisions
  • Production costs and income statement

Learning outcomes
The students acquire well-founded knowledge of accounting and accounting techniques, as well as a fundamental understanding of the principles of orderly book-keeping (GoB).
Based on relevant business transactions, the double entry book-keeping system is presented and applied to concrete applications in practice. Students can individually book business transactions as well as apply the necessary techniques to both open and close the respective accounts.
Within the exercise and tutorial classes, students look more deeply into the topics covered in the lecture.

Necessary prerequisites

Recommended prerequisites

Forms of teaching and learningContact hoursIndependent study time
Lecture2 SWS3 SWS
Exercise class1 SWS2 SWS
Tutorial2 SWS2 SWS
ECTS credits6
Graded yes
Form of assessmentWritten exam (90 min)
Restricted admissionno
Further information
Prof. Dr. Philipp Dörrenberg
Prof. Dr. Felix W. Vetter
Frequency of offeringSpring semester
Duration of module 1 semester
Preliminary course work