Course Outline Course number Course title Credit points Total hours Lecture hours Course level RF108 Financial Accounting 3 ECTS 64 24 Masters COURSE RESPONSIBLE Name Ilona Butane COURSE TEACHERS Ilona Butane Name Academic degree MEc Academic position Lecturer Academic degree MEc Academic position Lecturer COURSE ABSTRACT Financial accounting course objective is to provide a better understanding of financial information as presented in the financial statements as well as introduction to financial ratio analysis. COURSE OBJECTIVES The financial accounting course makes the focus on the users´ perspective and the objective is to enable the students: • To understand the contents, measurement and interaction between income statement, balance sheet and cash flow statement as well as techniques of preparation of financial statements, auditing and taxation • To analyse the financial statements • To evaluate the performance of a company in terms of profitability, financial position and liquidity GRADING CRITERIA Criteria Take Home Exam Participation in workshops COURSE PLAN – MAIN SUBJECTS No. 1 Financial accounting 2 Ratio analysis 3 Auditing and taxation Weighting 80% 20% Main subjects Planned hours 20 2 2 COURSE PLAN – SESSIONS Session Session subjects and readings 1 Conceptual framework for financial reporting Financial statements: balance sheet, income statement 2 Property, plant and equipment Inventory and cost of sales 3 Trade payables Trade receivables, cash, sales 4 Investments, business combinations Equity, sources of financing 5 Provisions, contingent liabilities Prepayments, accruals, deferrals 6 Ratio analysis and decision making 7 Auditing and taxation 8 Interpretation of information from financial statements Lecture/seminar L COURSE LITERATURE No. Author, title, publisher 1 ACCA Paper F3 Financial Accounting (International) 2007/2008, Study text L/S L/S L/S L/S L/S L/S L/S (BPP Learning Media, 2007) ACCA Paper F3 Financial Accounting (International) 2007/2008, Revision kit (BPP Learning Media, 2007) ACCA Paper F7 Financial Reporting (International) 2007/2008 , Study text (BPP Learning Media, 2007) ACCA Paper F7 Financial Reporting (International) 2007/2008, Revision kit (BPP Learning Media, 2007) ACCA Paper F8 Audit and Assurance (International) 2007/2008, Study text (BPP Learning Media, 2007) ACCA Paper F8 Audit and Assurance (International) 2007/2008, Revision kit (BPP Learning Media, 2007) 2 3 4 Business Accounting: v. 1, Frank Wood, Alan Sangster (10th ed., FT Prentice Hall, 2005) Accounting for Non-Accounting Students, John R. Dyson (7th ed., FT Prentice Hall, 2007) Atrill, Peter& McLaney, Eddie (2014): Accounting and Finance: An Introduction 2