Fundamentals of financial and management accounting

Aims of the course

Student is able to understand information disclosed in financial statements and develops a competence to evaluate a range of managerial decisions with appropriate accounting techniques.

Course syllabus

1. Accounting disciplines and users of accounting information
2. Role of accounting information for external users
3. Regulative framework of financial reporting in Slovenia and the European Union
4. Annual report
5. Accounting measurement of income, assets and liabilities
5.1. Measurement of fixed assets
5.2. Measurement of investments
5.3. Measurement of owners' equity
5.4. Measurement of liabilities
6. Financial statements
6.1. Balance sheet
6.2. Income statement
6.3. Cash flow statement and liquidity ratios
6.4. Statement of changes in equity, distributable net profit
7. Introduction to management accounting and managerial decision making
8. Relevant accounting categories for decision making
9. Cost volume profit analysis
10. Full cost estimation
11. Budgeting and control
12. Short term and long term decisions evaluation
13. Reflection

Course director(s)