Accounting

2

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15 hours lecture, 30 hours exercises

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60 hours: 45 hours in contact with the teacher, the rest independent student work

Final examination including test, discussion

1. Introduction to the subject.

2. BALANCE SHEET recognition of the resources of an economic entity (cash, original investment, assets, liabilities, notes payable, owner’s equity, balance sheets, inventory, earnings, expenses).

3. INCOME STATEMENT (Gross Profit, Net Profit, Income Statements, Cash Flow).

4. Definition of Retained Earnings, Loans, Credit, Accounts Payable, Notes Payable.

5. Accrual Method, Cash Method, Paid Labor, Accounts Receivable, Bad Debt, Interest, Prepaid Expenses, Creative Accounting ;).

6. About INVOICE and FIFO/LIFO method.

7. Cash Statements, Fixed Assets, Capitalization, Depreciation and definition. Profit vs Cash.

8. T-account. Debits and credits – bookeeping.

9. Elements of managerial accounting

1. Mullis D., Orloff J., Accounting Game., Sourcebooks Inc., USA 2008.

2. Piper M., ACCOUNTING MADE SIMPLE: Accounting Explained in 100 Pages or Less., PIPER TAX GROUP, USA 2012.

3. Larry M. Walther; Christopher J. Skousen., Basics of Accounting & Information Processing The Accounting Cycle, 2010

KNOWLEDGE:

Advanced economic and financial phenomena at the local and international level, using tools analytical and econometric models in an advanced degree the tools of collection, processing, analysis and presentation of economic data and the possibilities of their application in economic practice

to an advanced degree, the principles of preparing and analyzing income and expenses in enterprises and financial institutions, used in preparing reports and making management decisions, taking into account the principles of

management and financial accounting

SKILLS:

Effectively plan, organize and execute analytical projects, both individually and as part of a team, r e l y i n g on basic

business analysis tools and techniques

take into account in the actions taken their various conditions (economic, financial, legal, organizational, social, etc.)

and analyze and evaluate their actions in the context of these conditions, as well as act as a team in the context of

these conditions

SOCIAL COMPETENCE:

critically evaluate their own knowledge and responsibly prepare for their work, complement and improve the acquired

knowledge and skills, extended by the interdisciplinary dimension, using a variety of sources, methods and techniques

of self-education, taking into account the latest trends in the field of business analytics behave in a professional manner and adhere to the professional ethics of a business analyst and demanding it of others