Balance Sheet Analysis (ILV)

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Course lecturer:

Mag. Dr.

 Alexander Herbst
Course numberB4.06360.50.011
Course codeBalSheeAn
Curriculum2019
Semester of degree program Semester 5
Mode of delivery Presencecourse
SPPW1,2
ECTS credits2,0
Language of instruction English

After successful completion of the course, students:

  • Know the relationship between the instruments of external accounting (balance sheet, income statement and financial statement)
  • Independently prepare a balance sheet, an income statement and a financial statement (cash flow statement)
  • Are familiar with various key figures for analyzing annual financial statements and can subsequently apply them independently
  • Analyze a balance sheet using vertical (asset and capital structure) and horizontal balance sheet ratios (liquidity and coverage ratios) and interpret the results
  • Prepare a cash flow statement and to evaluate it
  • Calculate and interpret other key figures from the area of profitability, working capital management or cash flow
  • Make a quick statement about the economic situation of a company with the help of the quick test
  • Understand which measures need to be taken in order to optimize individual key figures

In the course "Balance Sheet Analysis" the following topics/contents are covered:

  • Review of accounting and financial statement fundamentals relevant to financial statement analysis
  • Presentation of the relationship between balance sheet, income statement and financial statement
  • Preparation of a financial statement
  • Analyzing a balance sheet using horizontal and vertical balance sheet ratios
  • Assessing the asset and capital structure using vertical balance sheet ratios
  • Analysis of current and structural liquidity using horizontal balance sheet ratios
  • Calculation of various profitability and working capital management ratios
  • Preparation and interpretation of a cash flow statement
  • Interpretation of all key figures
  • Approaches for the optimization of ratios
  • Limits of balance sheet analysis
All mentioned contents will be worked out theoretically as well as with case studies

Denk, Ch./Fritz-Schmied, G./Mitterer, Ch. et al (2016): Externe Unternehmensrechnung: Handbuch für Studium und Bilanzierungspraxis, 5. Auflage, Wien: Linde Verlag.
Egger, A./ Bertl, R. (2018): Der Jahresabschluss nach dem Unternehmensgesetzbuch: Band 1: Der Einzelabschluss. Erstellung, Prüfung, Veröffentlichung, 17. Aufl. Wien: Linde Verlag.
Grünberger, H. (2019): Praxis der Bilanzierung 2019/2020, 15. Aufl. Wien: Linde Verlag.
Mussnig, W./Bleyer, M./Giermaier, G. (2014): Controlling für Führungskräfte: Analysieren - Bewerten - Entscheiden, 3. überab. Aufl. Wien: Linde Verlag.
Nadvornik W./Brauneis A./Grechenig S./Herbst A./Schuschnig T.(2015): Praxishandbuch des modernen Finanzmanagements, 2. aktual. u. überarb. Aufl., Wien: Linde Verlag.
Peyerl, H. (2017): Rechnungswesen und Steuerrecht: Einführung mit Beispielen, 3. Auflage, Wien: Linde Verlag.
Urnik, S./Schuschnig, T. (2015): Investitionsmanagement - Finanzmanagement - Bilanzanalyse, 2. Aufl. Wien: Manz.
Wagenhofer, A. (2019): Bilanzierung und Bilanzanalyse: Eine Einführung, 14. Aufl. Graz: Linde Verlag.

Lecture, discussion, individual and group work, analysis of case studies, presentation

Cumulative module examination
The module grade is calculated weighted by the ECTS credits of the individual courses of the module and results as follows:
ILV "Balance Sheet Analysis" - 2 ECTS Credits
Assessment type: continuous assessment
Assessment method/s: Participation in class, presentation, written final examination