Финансовый и управленческий учет

Бакалавриат 2024/2025

Статус: Курс обязательный (Управление цифровым продуктом)

Кто читает: Департамент финансового менеджмента

Когда читается: 2-й курс, 1, 2 модуль

Охват аудитории: для своего кампуса

Преподаватели: Леевик Юлия Сергеевна

Язык: английский

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Abstract

Accounting is an intensive field, plays a significant and vital role in the economy. Every business or organization needs to keep a track of their activities, which helps them to measure the performance of the organization and take further frontiers to grow their business or prevent any risk or shortcomings. The field is divided into two segments: Financial Accounting and Management Accounting. Financial Accounting is the presentation of the financial stats of the company. This information is more important from an investment point of view for the outsiders. Management accounting is more about the internal matters of the company. Management accounting helps the owners and other managerial personnel define the costs, budgets, policies to optimize the earnings of the company. The decisions related to the operations and processes are based on this data.

Learning Objectives

The academic discipline "Financial and Management Accounting" is aimed at developing skills and knowledge of key concepts, rules (standards) and methods of accounting to understand information disclosed in financial statements and to evaluate a range of managerial decisions with appropriate accounting techniques.

Expected Learning Outcomes

Understand the essence of accounting terms and to use them properly
Understand the purpose, structure, and content of the financial reporting in the modern market economy
Explain the concepts of financial and management accounting and its importance for businesses
Have basic practical skills in financial reporting and interpreting accounting information
Identify and give examples of the basic manufacturing cost categories
Perform a cost-volume-profit analysis
Describe cost systems and compute variances, demonstrate the use of standard costs in flexible budgeting
Prepare a master budget and demonstrate an understanding of the relationship between the components

Course Contents

Topic 1. Financial statements and Business Decisions
Topic 2. Investing and Financing Decisions and the Accounting System
Topic 3. Operating Decisions and the Accounting System
Topic 4. Adjustments, Financial Statements, and the Quality of Earnings
Topic 5. Reporting and Interpreting Sales Revenue and Receivables
Topic 6. Reporting and Interpreting Cost of Goods Sold and Inventory
Topic 7. Reporting and Interpreting Property, Plant, and Equipment and Intangibles
Topic 8. Reporting and Interpreting Liabilities and Owners’ Equity
Topic 9. Statement of Cash Flows
Topic 10. Managerial Accounting and Cost Concepts
Topic 11. Job-Order Costing
Topic 12. Activity-Based Costing
Topic 13. Cost-Volume-Profit Relationships
Topic 14. Master Budgeting
Topic 15. Flexible Budgets and Performance Analysis
Topic 16. Standard Costs and Variances
Topic 17. Responsibility Accounting Systems
Topic 18. Pricing Products and Services

Assessment Elements

In-class activity
Written/Oral/SmartLMS. Individual or in small groups, in-class. Questions, exercises, discussions, presentations, trial tests, games. Non-blocking form of control.
Final Exam
The final exam includes questions and tasks on all course topics. All solutions must be accompanied by a demonstration of calculations, formulas, and a brief theoretical justification. Format: individual, written on paper, in-class, closed-book. Duration: 80 min. Blocking form of control.
Midterm Test
The midterm test is performed in the automatic verification format at the computer class of GSB HSE - SmartLMS. Individual, in-class, closed-book. Duration: 80 min. Non-blocking form of control.

Interim Assessment

2024/2025 2nd module
0.5 * Final Exam + 0.25 * In-class activity + 0.25 * Midterm Test

Bibliography

Recommended Core Bibliography

Collis, J. (2015). Management Accounting. [N.p.]: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1525045
Financial accounting : international student edition, Libby, R., 2023
Managerial accounting : international student edition, Garrison, R. H., 2024
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

Recommended Additional Bibliography

BPP Learning Media (Firm). (2016). Foundations in Accountancy : Practice & Revision Kit: FFA, ACCA: Paper F3: Financial Accounting: for Exams From 1 September 2016 to 31 August 2017: Vol. Fifth edtion. BPP Learning Media.
BPP Learning Media (Firm). (2017). Foundations in Accountancy FMA : ACCA Paper F2: Management Accounting: for Exams From 1 September 2017 to 31 August 2018 (Vol. Sixth edition). London: BPP Learning Media. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1522341

Authors

LEEVIK Iuliia SERGEEVNA

Course Syllabus