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Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam

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About this Exam

Prepare with the Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam practice quiz. This question bank includes 100 questions covering austrian, estg, accounting, commercial, and asset. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under § 189 of the Austrian Commercial Code (UGB), which enterprises are subject to mandatory commercial double-entry bookkeeping (Rechnungslegungspflicht)?
All corporations (GmbH, AG) and commercial partnerships without a natural person as general partner (GmbH & Co KG) by virtue of legal form, as well as sole proprietorships and other partnerships whose turnover exceeds €700,000 in two consecutive years or €1,000,000 in a single year
All businesses in Austria regardless of size, turnover, or legal form from their very first day of operation
Only companies listed on the Vienna Stock Exchange Prime Market
Only agricultural and forestry enterprises
Question 2
Under § 201 UGB, what is the 'Principle of Individual Valuation' (Grundsatz der Einzelbewertung) and when is collective valuation permitted?
Assets and liabilities must be valued individually on the balance sheet; collective or average valuation (e.g. weighted average, FIFO, Festwert) is permitted only for homogeneous inventory items, low-value assets, or grouped receivables
All company assets must always be lumped together into one single number on the balance sheet
Individual valuation applies only to cash in hand, while all other assets must be estimated collectively
The principle was abolished by the Austrian Accounting Reform Act (RÄG 2014)
Question 3
Under § 7 Abs. 2 of the Austrian Income Tax Act (EStG), how does the Half-Year Depreciation Rule (Halbjahres-AfA) apply to depreciable fixed assets?
If the asset is put into operational use in the first half of the business year (months 1–6), a full year's AfA is deductible; if put into use in the second half (months 7–12), exactly half a year's AfA is deductible
Depreciation is always calculated on a strict day-by-day basis down to the exact minute
Assets put into use in the second half of the year receive zero depreciation in year one
A full year's depreciation is always claimed regardless of purchase date
Question 4
An Austrian trading company with a calendar business year purchases a machine on 15 September for €60,000 net (useful life of 5 years, linear depreciation). What is the deductible AfA in the year of acquisition?
€6,000 (Half-year AfA: €60,000 / 5 years = €12,000 annual AfA × 50%)
€12,000 (Full-year AfA)
€3,000 (Quarterly AfA)
€60,000 (Immediate expensing as GWG)
Question 5
Under § 207 UGB, what is the Strict Lowest-Value Principle (Strenges Niederstwertprinzip) for current assets (Umlaufvermögen)?
Current assets (such as raw materials, finished goods, and trade receivables) must be written down to the lower fair market/stock market price at the balance sheet date, regardless of whether the value reduction is permanent or temporary
Current assets are written down only if the drop in value is expected to last for more than 10 years
Current assets can be written up above historical acquisition cost whenever market prices rise
Current assets must be valued at 50% of original invoice price

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Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam

This practice set contains 100 questions from the matching question bank and focuses on austrian, estg, accounting, commercial, and asset. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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