Bachelor
2022/2023





Accounting
Type:
Compulsory course (International Business and Management Studies)
Area of studies:
Management
Delivered by:
Department of Finance
When:
2 year, 1 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
3
Contact hours:
28
Course Syllabus
Abstract
The core role of the course is to sensitize students to the international dimensions of financial accounting and reporting. The world in which they will pursue their professional careers is a world dominated by global business and investment decisions. As most of these decisions are premised on financial data, knowledge of financial accounting is crucial for achieving proper understanding of international business and financial communications. Accounting amounts may vary substantially according to the principles that govern them. Financial statements and other disclosures are impossible to understand without an awareness of the underlying accounting principles and business culture.
Learning Objectives
- The aim of the course is to provide students with the basic theoretical knowledge and practical skills in financial and management accounting.
Expected Learning Outcomes
- Demonstrate an innovative, open, and ethical mindset
- Have an idea about the place and the role of accounting in the system of management of the economic entity
- Have basic practical skills in financial and management accounting and interpreting information
- Understand the conceptual framework of accounting and the purpose, structure and content of the financial and management reports
- Understand the essence of accounting terms and to use them properly
- Use analytical skills and apply them to solve practical problems
Course Contents
- Topic 1. Financial Accounting and the Format of Financial Statements
- Topic 2. Investing and Financing Decisions and the Accounting System
- Topic 3. Operating Decisions and the Accounting System
- Topic 4. The Accounting Cycle
- Topic 5. Current and Non-current Assets
- Topic 6. Current Liabilities and Owners’ Equity
- Topic 7. Management Accounting: an overview
- Topic 8. Cost concepts and costs allocation
- Topic 9. Job-Order Costing and Process costing
- Topic 10. Direct costing, Full costing and ABC
- Topic 11. Normative costing and Budgeting as an Organizational Control Tool
- Topic 12. Strategic Management Accounting
Assessment Elements
- Test № 2A 2-hour (80 min) open-book test: individual, in SmartLMS; consists of questions and tasks for the topics: 7, 8, 9, 10, 11, 12.
- Business CaseIndividual, in-class, open book, SmartLMS
- Test № 1A 2-hour (80 min) open-book test: individual, in SmartLMS; consists of 40 questions and tasks for the topics: 1, 2, 3, 4, 5, 6. Each question in the test = 1 point.
- In-class activities: module 1Questions and exercises; individual or in small groups; open book; in SmartLMS.
- In-class activities: module 2Questions and exercises; individual or in small groups; open book; SmartLMS.
Interim Assessment
- 2022/2023 1st module0.2 * Test № 1 + 0.2 * In-class activities: module 1 + 0.2 * Business Case + 0.2 * Test № 2 + 0.2 * In-class activities: module 2
Bibliography
Recommended Core Bibliography
- Atkinson, A. A., & Mukherjee, A. K. (2012). Management Accounting:Information for Decision-Making and Strategy Execution (Vol. 6th ed., International ed. international edition contributions by Abhik Kr. Mukherjee). Boston [Mass.]: Pearson Education. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418004
- Financial accounting, Libby, R., 2016
- Financial accounting, Libby, R., 2020
Recommended Additional Bibliography
- BPP Learning Media. (2017). Foundations in Accountancy : F3/FFA Financial Accounting: Interactive Text: 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=nlebk&AN=1522342
- 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
- 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