95626 - Fundamentals of Accounting

Learning outcomes

This course is designed to provide students with a solid basis of accounting. At the end of the course students are able (a) to understand the difference between accrual accounting and cash flows; (b) to understand the nature of the information on the income statement, the balance sheet, and the statement of cash flows; (c) to know the basics of management accounting and cost analysis.

Course contents

Introduction to accounting
Measuring and reporting financial position
Measuring and reporting financial performance
Accounting for limited companies
Measuring and reporting cash flows
Analysing and interpreting financial statements
Reporting the financial results of groups of companies

Readings/Bibliography

Financial Accounting for decision makers, 10th edition, Peter Atrill and Eddie McLaney ©2022 Pearson

Teaching methods

The course is based on class discussions and active participation by students. Classes comprise a mix of lectures and in class activities.

Assessment methods

Written exam. For students attending classes (70%) written essay on selected topics to be discussed with the instructor.

The assessment of the preparation will be based on the following levels

• Sufficient preparation and skills: 18-22
• Technically adequate preparation: 23-26;
• In-depth knowledge of the topics: 27-29;
• Very in-depth knowledge of the topics: 30-30L.

The written exam will be carried out on EOL.

Teaching tools

The Virtuale website is available to students with slide and additional material.

Office hours

See the website of Rebecca Levy Orelli