Introduction to Accounting

Course informations

Study program level	Undergraduate
Study program	Entrepreneurship
Study program direction	Entrepreneurship
Course year	2.
Course semester	III
Course status	Core
ECTS	6
Lectures (h)	30
Excercises (h)	30
Seminars (h)	-

Course objectives

• To familiarize students with accounting basics and to enable accounting business management through understanding the logic of an accounting based recording of business transactions
• Understand the structure and content of the financial statements

Course outcomes

The name of the learning outcomes set: Accounting process Level: 5

• Establish accounting connectivity with other functions in the company
• Determine the course of the accounting process according to the needs of the organization
• Argue the implementation of accounting ethics

The name of the learning outcomes set: Accounting documentation Level: 5

• Analyze business records of entrepreneurs and establish the credibility of the data in them

The name of the learning outcomes set: Recording business changes Level: 5

• Prepare bookkeeping documentation for accounting entry
• Post business changes in accordance with law and accounting standards
• Distinguish and apply the appropriate terminology of posting business changes

The name of the learning outcomes set: Financial statements Level: 6

• Select the accounting standard for recording business changes and arguing the selection
• Compile the financial statements on the basis of recorded business changes

Course content

Defining accounting and its structure. Accounting principles and standards. Accounting process - business events. Bookkeeping documents. Accounting account. Business books. Balanced changes. Accounting business event tracking - property. Accounting monitoring of liabilities and capital. Accounting for business expenses, expenditures, income. Payroll. Content of financial statements. Revision of financial statements. Analysis of financial statements. Accounting ethics.