Bachelor
2024/2025
Financial Accounting
Type:
Compulsory course (International Program 'International Relations and Global Studies')
Area of studies:
International Relations
Delivered by:
Faculty of World Economy and International Affairs
When:
2 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Language:
English
ECTS credits:
4
Course Syllabus
Abstract
This course provides an introduction to financial accounting. It is aimed at providing a broad understanding of the theory and practice of financial accounting and financial management, both for non-specialist students and as a foundation for further study in the area. This course does not focus on the technical aspects, but rather examines the basic principles and underlying concepts and the ways in which accounting statements and financial information can be used to improve the quality of decision-making.
Learning Objectives
- The course isfocused on developing skills in preparing and analyzing companies’ financial statements and data for decision-making purposes. By the end of first half students are expected to be able to apply a set of accounting concepts to read annual financial report of a corporation and financial ratios to assess its position. By the end of the second half of the course students are expected to apply managerial accounting analytical tools for internal control, pricing and developing different budgets for financial planning purposes as well as to get essential skills in capital budgeting techniques.
Expected Learning Outcomes
- categorise cost behaviour, and prepare and contrast inventory valuations under different costing methods
- describe the budgeting process and discuss the use of budgets in planning and control
- explain, discuss and apply relevant techniques to aid internal users in decision-making.
- students are expected to be able to apply a set of accounting concepts
Course Contents
- Accounting Process
- Introduction to The Course. The Scope of Accounting.
- Accounting Adjustments
- Accounting and Reporting Noncurrent Assets: Fixed Assets
- Accounting for Inventories
- The Conceptual Framework
- The Cash Flow Statement
- Accounting and Reporting for Intangible Assets
- Using and Understanding Financial Statements: Ratio Analysis
- Introduction to Costing
- ABC and Traditional Costing
- CVP analysis and The Optimal Choice of Scarce Resources
- Cash Budgeting
- Capital Investment Appraisal
- Accounting and Managerial Decision-Making
Interim Assessment
- 2024/2025 4th module0.2 * Home assignments 1 + 0.2 * Home assignments 2 + 0.2 * Participation + 0.4 * exam
Bibliography
Recommended Core Bibliography
- Accounting : understanding and practice, Leiwy, D., 2013
- Financial accounting : a key to your success in the exam, Dobrynskaya, V. V., 2007
Recommended Additional Bibliography
- Atrill, P., & McLaney, E. J. (2017). Accounting and Finance for Non-Specialists (Vol. Tenth edition). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1434981