Principles of Accounting

2023/2024

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Департамент финансов

Статус:

Курс по выбору

Когда читается:

2-й курс, 1 модуль

Преподаватель

Волкова Ольга Николаевна

Course Syllabus

Abstract

The core role of the course is to sensitize students to the international dimensions of financial accounting and reporting. The world in which they will pursue their professional careers is a world dominated by global business and investment decisions. As most of these decisions are premised on financial data, knowledge of financial accounting is crucial for achieving proper understanding of international business and financial communications. Accounting amounts may vary substantially according to the principles that govern them. Financial statements and other disclosures are impossible to understand without an awareness of the underlying accounting principles and business culture.

Learning Objectives

• The aim of the course is to provide students with the basic theoretical knowledge and practical skills in financial and management accounting.

Expected Learning Outcomes

• Demonstrate an innovative, open, and ethical mindset
• Prepare Income statement form Tial balance
• Prepare Balance sheet from Trial balance
• Apply interconnections between 3 statements
• Apply accounting principles

Course Contents

• Topic 1. Financial Accounting and the Format of Financial Statements
• Topic 2. Investing and Financing Decisions and the Accounting System
• Topic 3. Operating Decisions and the Accounting System
• Topic 4. The Accounting Cycle
• Topic 5. Current and Non-current Assets
• Topic 6. Current Liabilities and Owners’ Equity
• Topic 7. Management Accounting: an overview
• Topic 8. Cost concepts and costs allocation
• Topic 9. Job-Order Costing and Process costing
• Topic 10. Direct costing, Full costing and ABC
• Topic 11. Normative costing and Budgeting as an Organizational Control Tool
• Topic 12. Strategic Management Accounting

Assessment Elements

• Part 1: In-class activities
  Individual, in-class, open book, SmartLMS In-class activities: during the course students actively participate in classes and solve tasks and exercises.
• Test № 1 Financial Accounting
  Individual, in-class, open book, SmartLMS
• Part 2: In-class activities
  Individual, in-class, open book, SmartLMS
• Test № 2
  Individual, in-class, open book, SmartLMS
• Business Case
  Individual, in-class, open book

Interim Assessment

• 2023/2024 1st module
  0.2 * Business Case + 0.2 * Part 1: In-class activities + 0.2 * Part 2: In-class activities + 0.2 * Test № 1 Financial Accounting + 0.2 * Test № 2

Bibliography

Recommended Additional Bibliography

• Weygandt, J. J., Kieso, D. E., & Kimmel, P. D. (2017). Financial Accounting (Vol. Tenth edition). Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639274

Authors

• Churakova Iiia Iurevna
• Leevik Iuliia Sergeevna