Accounting is the language of the business. The aim of the course is to teach students to read and understand the accounting language used in the financial statements. The teaching methods include formal lectures and practical exercises. The lectures are meant to provide the theoretical foundations and the main concepts of accounting to be applied to case discussions and exercises. Active participation (e.g. answering instructor’s questions, linking each case to theoretical concepts, providing further pertinent examples) is required during the practice sessions. At the end of the course, students will master the basic techniques and main principles of financial accounting, understand and interpret financial statements and will be able to understand the main concepts of managerial accounting.
The course reviews the following main topics:
Short, Libby and Libby: Financial Accounting, 7th edition, McGrawHill
Colin Drury: Management and cost Accounting, 10th edition, Cengage learning.Horngren, Sundem, Elliott, Philbrick: Introduction to Financial Accounting, 9th edition, Pearson Prentice Hall