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Course unit code
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Course unit title
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Financial Accounting
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Name(s), surname(s) and title of lecturer(s)
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Anna S. Balandina, PhD
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Level of course
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Master
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Semester
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2
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ECTS credits
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3
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Working hours
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Contact hours
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28
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Self-study
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80
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Total
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108
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Work placement
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Prerequisites
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The study of corporate financial accounting concepts and theories with an emphasis on preparation and use of the income statement, balance sheet, and statement of cash flows. Coverage involves the process of analysing, processing, interpreting and communicating financial information to aid in decision making.
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Language of instruction
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Russian, English
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Objectives of the course
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Learning outcomes
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A student’s assessments methods
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By the end of the course, students should be able to -
- Use Excel to perform a variety of analyses
- Understand how to prepare and interpret the four basic financial statements
- Understand the importance of the accrual basis of accounting.
- Explain the accounting cycle
- Understand the basics of accounting internal control
- Account for receivables and bad debts
- Account for inventory under the four basic inventory cost flow assumptions
- Account for the acquisition, depreciation and disposition of long-term assets
- Distinguish between and account for current and long-term liabilities
- Apply the rules associated with accounting for stockholders' equity
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Exam, test, problem resolving report
Exam, class presentation
Research work, class presentation, case-study
Exam, research work, problem resolving report
Exam, research work, class presentation
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Teaching methods
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Lectures, seminars, workshops
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Course unit content
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Course objective
This course is an introduction to financial accounting.
Gained knowledge and skills
The course gives students the necessary background to: understand the concepts and measurements that underlie financial statements, develop the skills needed to analyze financial statements effectively, and gain an understanding of the choices enterprises make in reporting the results of their business activities. Students will be exposed to the decisions firms make relating to their operating, capital investment, and financing policies. Emphasis is placed on understanding both the mechanical elements of financial accounting and the discretion managers have when reporting financial results.
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List of Topics
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Topic title
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Contact hours
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Assignments and independent study hours
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The Financial Statements
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2
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6
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Transaction Analysis
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2
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6
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Accrual Accounting & Income
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2
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6
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Internal Control & Cash
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2
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6
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Short-Term Investments & Receivables
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2
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6
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Inventory & Cost of Goods Sold
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2
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6
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Plant Assets, Natural Resources, & Intangibles
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2
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6
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Long-Term Investments & the Time Value of Money
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2
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6
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Liabilities
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2
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6
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Stockholders’ Equity
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2
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6
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The Income Statement, the Statement of Comprehensive Income, & the Statement of Stockholders’ Equity
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2
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6
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The Statement of Cash Flows
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2
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6
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Financial Statement Analysis
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4
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8
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Total
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28
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80
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Assessment requirements
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attendance at lectures and seminars, planning and preparation of a problem solving report, research work, in-class presentation
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Assessment criteria
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Exam, test, problem resolving report, research work, class presentation
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The composition of final accumulative mark
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Exam [ 60 ]
Test [ 10 ]
Problem resolving report [ 10 ]
Research work [ 10 ]
Class presentation [ 10 ]
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Author of the course
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Anna S. Balandina, PhD
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