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Regular version of the site
Bachelor 2023/2024

Principles of accounting

Type: Compulsory course
Area of studies: Business Informatics
When: 2 year, 2, 3 module
Mode of studies: offline
Open to: students of one campus
Language: English
ECTS credits: 5
Contact hours: 60

Course Syllabus

Abstract

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 two-module course is based on lectures, seminars, case studies and self-study.
Learning Objectives

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 autumn 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.
Expected Learning Outcomes

Expected Learning Outcomes

  • categorise cost behaviour, and prepare and contrast inventory valuations under different costing methods
  • describe the budgeting process and discuss the use of budgets in planning and control
  • explain, discuss and apply relevant techniques to aid internal users in decision-making.
  • explain the limitations of such statements and their analysis
  • 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.
  • distinguish between different uses of accounting information and relate these uses to the needs of different groups of users
  • Students can make analisys of cost break down anв cost-volume-profit
  • Students can use two approaches to cast PNL
Course Contents

Course Contents

  • Introduction to The Course. The Scope of Accounting.
  • Basic Accounting Elements and Accounting Equation. Double entry.
  • Adjustments. Periodic measurement and identification of revenues and expenses.
  • Accounting and Reporting Noncurrent Assets: Fixed Assets
  • Accounting for Inventories
  • Financial Reporting: BS, PnL, Statement of Changes in Equity
  • The Cash Flow Statement
  • Introduction to Costing
  • ABC and Traditional Costing
  • CVP analysis
  • Marginal and Absorption costing
  • Cash Budgeting
  • Capital Budgeting: NPV
  • Revision
Assessment Elements

Assessment Elements

  • non-blocking Home assignments
  • non-blocking Participation
  • non-blocking Presentation
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2023/2024 3rd module
    0.45 * Exam + 0.1 * Home assignments + 0.1 * Home assignments + 0.1 * Participation + 0.1 * Participation + 0.15 * Presentation
Bibliography

Bibliography

Recommended Core Bibliography

  • Accounting : understanding and practice, Leiwy, D., 2013
  • Accounting : Understanding and practice, Perks, R., 2010
  • Horngren's cost accounting : a managerial emphasis, Datar, S. M., 2018

Recommended Additional Bibliography

  • Cost accounting : a managerial emphasis, Horngren, C. T., 2015
  • Principles of accounting : essential reading, Barone, E., 2011

Authors

  • KONDRAKHINA OLESYA SERGEEVNA
  • SHURCHKOVA TATYANA SERGEEVNA