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07
Апрель

Principles of Accounting

2020/2021
Учебный год
ENG
Обучение ведется на английском языке
5
Кредиты
Статус:
Курс обязательный
Когда читается:
2-й курс, 1, 2 модуль

Преподаватели


Чургель Анатолий Олегович

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

Learning Objectives

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

Expected Learning Outcomes

  • Have an idea about the place and the role of accounting in the system of management of the economic entity
  • Understand the conceptual framework of accounting and the purpose, structure and content of the financial and management reports
  • Understand the essence of accounting terms and to use them properly
  • Have basic practical skills in financial and management accounting and interpreting information
  • Use analytical skills and apply them to solve practical problems
  • Demonstrate an innovative, open, and ethical mindset
Course Contents

Course Contents

  • Topic 1. Financial Accounting and the Format of Financial Statements
    1. The accounting system 2. The Balance Sheet 3. The Income Statement 4. Statement of Stockholders’ Equity 5. Statement of Cash Flows 6. Relationships among statements 7. Responsibilities for the accounting communication process
  • Topic 2. Investing and Financing Decisions and the Accounting System
    1. Overview of accounting concepts 2. Nature of business transactions 3. Accounts 4. Transaction analysis and accounting entries
  • Topic 3. Operating Decisions and the Accounting System
    1. The operating cycle 2. Accrual accounting 3. Transaction Analysis Rules
  • Topic 4. The Accounting Cycle
    1. Accounting cycle 2. Purpose and types of adjustments 3. Adjustment process 4. Preparing financial statements 5. End of accounting cycle
Assessment Elements

Assessment Elements

  • non-blocking Midterm test
    The midterm test will take the form of a 2-hour (80 min) open book test: individual, in-class. The test consists of 40 questions and tasks for the topics: 1,2,3,4.
  • non-blocking In-class activities
    Questions and exercises; individual or in small groups, open book
  • non-blocking Final exam test
    The final exam will take the form of a 2-hour (80 min) open book test: individual, online. The exam test consists of 40 questions and tasks for the whole course.
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.5 * Final exam test + 0.2 * In-class activities + 0.3 * Midterm test
Bibliography

Bibliography

Recommended Core Bibliography

  • Financial accounting, Libby, R., 2016
  • Financial accounting, Libby, R., 2020

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