Programme Outlines and Overviews

This is an introductory course designed to give students an overall picture of the accounting cycle. Important topics covered during the course include: • Basic financial accounting concepts according to the International Accounting Standards Board (IASB) • Recording of selected business transactions • Preparation of annual accounts and annual financial statements • Introduction to financial ratios and their use in analyzing financial statements **Connection to Research and Practice** This is a theoretically and practically oriented course in basic financial accounting. Students are introduced to accounting research that is both empirical and conceptual in nature, by having journal and other academic articles as complementary reading. The topics covered in these articles are aligned with the fundamental concepts of accounting. The articles enhance students’ knowledge by offering real business organizational settings and issues and may include criticisms against various topics in financial accounting.