Principles of Accounting

Aims of the course

- Understanding the role of accounting in a company
- Presentatios of accounting for business transactions
- Presentation of accounting for basic economic categories
- Understanding/reading financial statements
- Introduction to analysis of finacial statements

Course syllabus

1. Principles of accounting
2. Principles of bookkeeping
2.1. Bookkeeping
2.2. Bookeping process
2.3. Fundamentals of double-entry bookkeeping
2.4. Bookeeping reports
3. Accounting for basic economic categories
3.1. Assets
3.2. Liabilities
3.3. Revenues
3.4. Costs
3.5. Expenses
3.6. Cash inflows and outflows
3.7 Value addes tax
4. Financial Statements
4.1. Annual report
4.2. Balance Sheet
4.3. Income statement
4.4. Cash Flow Statement
4.4. Auditing of financial statements
5. Financial statement analysis
5.1. Horizontal analysis of financial statements
5.2. Vertical analysis of financial statements
5.3. Ratio analysis of financial statements

Course director(s)