Accounting basics
Objectives of the course program (competences):
The main objective of the course is to provide students with basic knowledge in the field of accounting. Students should be able to define accounting, know the basic financial statements,
the stages of the accounting cycle, the processing of accounting events, the accounting records of assets, liabilities, capital, income, expenses and financial results, as well as to become familiar with the accounting regulations in national and international frameworks through the study of the International Accounting Standards.
Content of the course program:
Determination and evolution of accounting. Accounting concepts and qualitative characteristics of accounting information. Account (accounts) as an instrument of the accounting procedure. Accounting cycle in business entities. Accounting analytical records. Concept and division of assets: fixed and current assets. Liabilities and accounting treatment of liabilities. Financial result and owners' equity. Accounting errors. Accounting regulations in international and national frameworks and the perspectives of the professional accounting profession.
Learning methods: Case study method, discussion
