Evidence of accounting proficiency
Introduction to accountancy
Subject matter and learning objectives
Accountancy is of central importance in companies and other organisations such as non-profit relief organisations or public utilities. It is used for quantitative evaluation, presentation, analysis and planning of the company sales process. Accountancy specifically provides information on the achieving of the key success and financial goals.
Accountancy can be divided into two main areas: Financial accounting (company accounting) and cost accounting (performance accounting), supplemented by statistics, analyses and special accounts.
Financial accounting is primarily concerned with externally presenting the company’s value factors. It is oriented to a number of performance groups such as the management, owners, employees, customers and suppliers, creditors and debtors, competitors or the general public.
Financial accounting should provide
- information on the development of profit and loss
- information on claims and obligations
- evidence in disputes
- a basis for calculating the pricing of products and services
- principles for calculating taxes
At the end of the course you will be in a position
- to recognize the significance of accountancy within the framework of the entire corporate activity
- to understand the basic legal conditions of accountancy
- to carry out financial accounting according to the system of double entry bookkeeping for straightforward conditions
- to grasp the importance of computer science for solving accountancy problems
On the basis of this knowledge and these skills your own judgement and ability to act should be consolidated with regard to
- the necessity of economic behaviour and its consequences
- the impact of relevant legal articles on the company with special emphasis on accounting
- corporate decision-making in success factors
Evidence of sufficient accountancy knowledge
The check test in accountancy is compulsory for all students who cannot provide sufficient knowledge of bookkeeping. It is held four times per year and must be passed at the latest by the end of the term time of the semester prior to beginning the Bachelor’s course. The number of resits is not limited.