Bachelor 2023/2024

Financial Accounting and Reporting

Type: Elective course (HSE/NES Programme in Economics)

Area of studies: Economics

Delivered by: Undergraduate Programmes Curriculum Support

Where: Faculty of Economic Sciences

When: 4 year, 2 module

Mode of studies: offline

Open to: students of one campus

Language: English

ECTS credits: 3

Contact hours: 32

Course Syllabus

Abstract

The firm’s financial statements tell us what resources the firm has and how it uses them to generate economic value. This introductory course is designed to familiarize you with the nature and content of financial reporting processes. The goal is not to turn you into an accountant, but rather to develop literacy in financial accounting – a skill that will improve your risk assessment, forecasting, and decision making. While the central concepts of financial accounting are common across jurisdictions, in specific cases the reporting can be different. In such cases, we will refer to the International Financial Reporting Standards (IFRS), which have been adopted by over 100 countries. Occasionally, we will mention the US approach to highlight the differences (if any).