Principles of Accounting

2026/2027

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Finance

Course type:

Compulsory course

When:

1 year, 4 module

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. Accounts, Double entry system
• Topic 2. T-accounts, Trial balance, Accrual principle
• Topic 3. Closing accounting cycle, Prepare Income statement
• Topic 4. Prepare Balance sheet
• Topic 5. Accounting principles and report
• Topic 6. Taxes
• Topic 7. Cash flow statement
• Topic 8. Financial analysis
• Topic 9. Organization of accounting

Assessment Elements

• Exam
• In class test 2
• In class test 3
• In class test 1

Interim Assessment

• 2026/2027 4th module
  0.25 * In class test 1 + 0.25 * In class test 3 + 0.25 * In class test 2 + 0.25 * Exam

Bibliography

Recommended Core Bibliography

• Introduction to financial accounting, Horngren, C. T., 2006

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

• Soloveva Ekaterina Evgenevna
• Iaskevich Elena Vladimirovna