Master 2021/2022

Introduction to Financial and Managerial Accounting

Type: Compulsory course

Area of studies: Management

Delivered by: Магистерская программа "Международный бизнес", направление подготовки "Менеджмент"

Where: School of Innovation and Entrepreneurship

When: 1 year, 1, 2 module

Mode of studies: offline

Open to: students of one campus

Instructors: Kristina Romadini

Master’s programme: International Business

Language: English

ECTS credits: 5

Contact hours: 52

Course Syllabus

Abstract

The Course develops background for understanding and reading companies’ financial reports and assessing company’s financial position and making managerial decisions. The Course covers basic concepts of modern financial reporting and techniques of management 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 consists of lectures, seminars, case studies and self-study. It is a three-months course designed to prepare students for the “International Corporate Finance” course. Pre-requisites: World Economy, International Relations

Learning Objectives

• developing skills required for preparing and analyzing companies’ financial statements and data for decision-making purposes
• be able to apply a set of accounting concepts to understand annual financial reports of different corporations and calculate financial ratios to assess finance position
• be able 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

• be able to calculate profitability ratios and do investment analysis
• be able to make management decisions
• developing skills required for preparing and analyzing companies’ financial statements
• get essential skills in capital budgeting techniques
• know about the goals and tasks of managerial accounting
• learn about the costing methods
• learn to do a ratio analysis
• learn to monitor budget fulfillment
• learning about the conceptual basis of accounting, the basic accounting rules for recording business operations, assets and liabilities, the methodology of preparing accounting reports, and the requirements for their contents
• learning the basic accounting rules for recording business operations
• the methodology of preparing accounting reports and financial statements

Course Contents

• The nature and purpose of accounting
• Recording business transactions
• Preparing financial statements
• Analysis of financial statements. Vertical and horizontal analysis
• Ratio analysis
• Profitability ratios. Investment analysis
• The goals and tasks of managerial accounting
• Classifying costs. Costing methods
• Making management decisions
• Budgeting
• Monitoring budget fulfillment, flexible budgeting

Assessment Elements

• Exam
• intermediate test
• Home assignment
• Home assignment
• Class attendance

Interim Assessment

• 2021/2022 2nd module
  0.08 * Home assignment + 0.2 * intermediate test + 0.04 * Class attendance + 0.6 * Exam + 0.08 * Home assignment

Bibliography

Recommended Core Bibliography

• Accounting : understanding and practice, Leiwy, D., 2013
• Accounting and finance : reader for the 3rd-year students, , 2004
• 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

• Cost accounting : a managerial emphasis, Horngren, C. T., 2015
• Harrison, W. T., & Horngren, C. T. (2012). Financial accounting. Slovenia, Europe: Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.364C5584