Course Outline

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