Бакалавриат
2020/2021
Продвинутый бухгалтерский учёт
Лучший по критерию «Полезность курса для расширения кругозора и разностороннего развития»
Лучший по критерию «Новизна полученных знаний»
Статус:
Курс по выбору (Цифровые инновации в управлении предприятием (программа двух дипломов НИУ ВШЭ и Лондонского университета))
Направление:
38.03.05. Бизнес-информатика
Где читается:
Высшая школа бизнеса
Когда читается:
2-й курс, 3, 4 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
4
Контактные часы:
40
Course Syllabus
Abstract
Course description The course develops background for understanding and reading companies’ financial reports and for assessing company’s financial position and making managerial decisions. The course covers basic concepts of modern financial reporting, essentials in UK standard of financial and managerial accounting. It provides basic knowledge in preparing, processing and interpreting the data about business transactions for different types of external as well as internal investors, management and other accounting information users. The course requires the knowledge in micro and macroeconomics and banking. The course is a one-semester course is based on lectures, seminars, home assignments and self-study.
Learning Objectives
- Teaching and learning objectives The course is focused on developing skills in preparing and analyzing companies’ financial statements and data for decision-making purposes. By the end of spring semester 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 and apply management accounting techniques for costs forecasting, projects evaluation and explanation of differences between budget and real data.
Expected Learning Outcomes
- be able to apply a set of accounting concepts to read annual financial report of a corporation and financial ratios to assess its position and apply management accounting techniques for costs forecasting, projects evaluation and explanation of differences between budget and real data.
Course Contents
- Financial Reporting: BS, PnL, Statement of Changes in EquityPreparing Trading and P&L statements. Adjusting revenues for returns inwards and for discounts allowed. Gross trading profit. Net profit. Compilation of Balance Sheet, different layouts for Balance Sheet: horizontal and vertical formats. The types of adjustments to the trial balance. Net working capital. Capital employed. Share issue and accounting for dividends. (BE Ch. 10; DL&RP Ch. 10; SG Ch.5, 6)
- Cash Flow Statement: advancedThe need for the Statement of cash flows. Accounting definition of cash and cash equivalents. Types of company’s activities and cash flows: cash flow from operating, investing and financing activities. Net (gross) cash flow. Direct method of operating cash flow calculation. Indirect method of operating cash flow computation and working capital adjustments. Advantages of cash flow over net income for financial analysis. The reconciliation of cash flows from operating activities to the profit. The cash flow statement formats: UK standard as compared to international standard. (BE Ch. 3; DL&RP Ch. 6; SG Ch.11)
- Understanding of Accounting process and Compilation of Financial Statements: Internal Controls and Suspense AccountLedgers. Control accounts. The holes in conventional accounting model. Missing records. Working capital management. Suspense accounts and errors. (BE Ch.10; DL&RP Ch.9; SG Ch.9,10)
- Cash BudgetingMaster budget and its structure. Steps in budgeting. Types of budgets. Cash budget and its role in planning and control. Cash budget and financing choices. The budgeted balance sheet and the budgeted P&L. Budgeting systems. The role of budgeting in planning and control. (BE Ch.20; DL&RP Ch.15; SG Ch.16; CH Ch.6)
- Standard Cost and Variance AnalysisStandard costs and budgeted costs. Variance analysis for direct costs and overheads. Sales variance analysis. The influence of variances on income. Responsibility for variance analysis. Flexible budgets. Fixed cost and flexible budget. Activity based costing and flexible budgets. (GU Ch.35–36; R)
- Capital Budgeting: NPVThe project physical life. Types of project’s cash flows: initial outlay, cash flows over the life, terminal (residual) cash flows.. The nature of relevant costs. Sunk costs. Differential costs. Traditional approaches to capital budgeting: accounting (simple) payback, accounting rate of return. Basics of discounted cash flow techniques. Net present value rule, its assumptions and limitations. IRR, its advantages and disadvantages. Simple payback. Adding and dropping product lines. (GU Ch.31–32; R)
- Revision
