82165 - Principles of Accounting

Learning outcomes

This course is designed to provide students with a solid basis of accounting. At the end of the course stdents 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 meaning of some of the more frequently used terms on a set of financial statements, such as depreciation, prepaid expenses, and allowances for doubtful accounts.

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 (overview)

Reporting the financial results of groups of companies

Governing a company

Readings/Bibliography

Financial Accounting for decision makers. Peter Atrill and Eddie McLaney ©2022 Tenth Edition, Pearson. Chapters 1, 2, 3, 4, 5, 6, 10, 12. Elements of chapters 8 and 9.

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.

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

• Sufficient preparation and skills, expressed in substantially correct language: 18-22
• Technically adequate preparation, discrete analytical skills, even if not particularly deep, expressed in a correct language: 23-26;
• In-depth knowledge of the topics, good analytical and critical skills, mastery of specific terminology: 27-29;
• Very in-depth knowledge of the topics, critical analysis and connection skills, mastery of specific terminology: 30-30L.

 The exam will be carried out on EOL for the written exam. All students must access the EOL platform with personal credentials to take the written test. All students are guaranteed to be able to carry out the exam in presence.

Teaching tools

The Virtuale website will be available to students with slide and additional material before the beginning of the course.

Office hours

See the website of Rebecca Levy Orelli

See the website of Satoshi Sugahara