Objectives and competences
In this course the student are familiarised with basic understanding of accounting and its intention and aquire fundamental knowledge of economic categories and their interactions, accounting (bookkeeping) of economic categories, financial statements, company's annual report, organization and professional ethics of accounting experts.
Content (Syllabus outline)
1. Intention and understanding of accounting and its legal basis
2. Bookkeeping of economic categories
3. Typical business transactions and their bookkeeping
Basic financial statements of companies
4. Company's annual report: financial statements, disclosures and business report
Learning and teaching methods
- lectures;
- exercices;
- home exercise;
- individual studies
Intended learning outcomes - knowledge and understanding
Students:
• understand basic concepts of accounting
• understand basic characteristics of economic categories,
• understand basic business transactions and their influence on business operations,
• recognize basic characteristics of financial statements
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students can collect and arrange data on basic business transactions in a standard bookkeeping way.
Key/Transferable skills
Students develop learning techniques and strategies for individual study.
Readings
- Accounting. Carl S. Warren, Christine Jonick, Jennifer Schneider. 28th edition, Cengage Learning; 2020.
- Horngren's Accounting. 2017, 12 edition. Pearson.
Additional information on implementation and assessment /
