6 ECTS credits
175 u studietijd

Aanbieding 1 met studiegidsnummer 1021456ANR voor alle studenten in het 1e semester met een inleidend bachelor niveau.

Semester
1e semester
Inschrijving onder examencontract
Niet mogelijk
Beoordelingsvoet
Beoordeling (0 tot 20)
2e zittijd mogelijk
Ja
Onderwijstaal
Engels
Faculteit
Faculteit Sociale Wetensch & SolvayBusinessSchool
Verantwoordelijke vakgroep
Business
Onderwijsteam
Diane Breesch (titularis)
Thomas Selleslagh
Onderdelen en contacturen
22 contacturen Hoorcollege
43 contacturen Werkcolleges, practica en oefeningen
110 contacturen Zelfstudie en externe werkvormen
Inhoud

The course in 'Financial Accounting' deals with the fundamentals of accounting that every business economics student should master, including the accounting for sales revenues, inventories, long-lived assets and depreciation, liabilities and shareholders' equity.

Accounting procedures such as transaction analysis, journalising and posting journal entries are given abundant consideration.

A major feature is the use of the fundamental accounting equation as a central thread throughout the course explaining new concepts and analysing transactions.

Attention is given to important accounting principles (e.g. accrual, revenue and expense recognition, matching, going-concern) underlying financial statements. Throughout this course reference is made to the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

Studiemateriaal
Handboek (Vereist) : Financial Accounting plus MyAccountingLab with Pearson eText, Harrison, Horngren, Thomas, Tietz, Suwardy, 11de Global, Pearson Educattion, 9781292211251, 2018
Bijkomende info

The course consists of weekly theory lectures for which slides are provided.

Every two weeks workshops in smaller groups will be organised to provide extra guidance via brief summaries of the covered chapters and overview exercises.  

In addition to the lectures and workshops, the course makes use of the online tutorial platform MyLab Accounting. Via this online platform, students will a.o. be individually engaged in completing and submitting a weekly homework assignment. They can further familiarize themselves with the subject via (extra) exercises. 

 

Teaching Methods

- Lecture: collective contact-dependent moments during which the lecturer engages with learning materials
- Seminar, Exercises or Practicals (Practical): collective or individual contact-dependent moments during which the students are guided to actively engage with learning materials
- Independent or External Form of Study (Self): independent study

This description of the teaching methods is indicative, in order to assess the expected study load.

REGULAR STUDENTS

Lecture:  22 hours (10 chapters x 2 hours + 2 hours Q&A)

Practical: 12 hours

  • 5 workshops (discussing 2 chapters) x 2 hours: 10 hours
  • Collective and/or individual feedback and help: 2 hours

Self: 130 hours

  • Keeping up with theory lectures, amounting to 2 hours per chapter + 1 hour home work assignment : 30 hours (10 chapters x 3 hours)
  • Keeping up with exercises (incl. exercising via the online platform MyLab Accounting): 40 hours (10 chapters x 4 hours)
  • Preparation Mid-term test: 20 hours (2,5 days of 8 hours)
  • Preparation final exam: 40 hours (5 days of 8 hours)
Leerresultaten

General competences

The student:

  • knows the basic accounting terminology;
  • masters the basic principles of double-entry accounting in accordance with generally accepted accounting principles and the IAS/IFRS;
  • is able to account for the most common business transactions and to translate these transactions to items of the balance sheet, the income statement, statement of changes in equity and the statement of cash flows. 
  • understands the effect of accounting choices (eg, choice of accounting policies); and
  • can relate the different sections of the balance sheet, the income statement, the statement of changes in equity and the cash flow statement.

Beoordelingsinformatie

De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Schriftelijk bepaalt 100% van het eindcijfer

Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:

  • Written Homework Assignments met een wegingsfactor 15 en aldus 15% van het totale eindcijfer.
  • Written Mid-term Test met een wegingsfactor 10 en aldus 10% van het totale eindcijfer.
  • Written Final Exam met een wegingsfactor 75 en aldus 75% van het totale eindcijfer.

Aanvullende info mbt evaluatie

The final grade is composed on the following components:

  • written homework assignments (weekly): 15% 
  • written mid-term test (around week 6): 10%
  • written final exam (first and second session): 75%

Assignments that are handed in too late, will receive no grade.

The components homework assignments and mid-term test cannot be resumed in the second session. No replacement assignment will be organised. Grades on these components are transferred from the first to the second session, but are not transferred to the following academic year. If the homework exercises and/or mid-term test were not carried out during the semester, the grade on these components will be zero in the first and second exam session. As such the final grade will be limited to a maximum of 75% out of 20. 

Toegestane onvoldoende
Kijk in het aanvullend OER van je faculteit na of een toegestane onvoldoende mogelijk is voor dit opleidingsonderdeel.

Academische context

Deze aanbieding maakt deel uit van de volgende studieplannen:
Bachelor of Business Economics: Startplan Business Economics (enkel aangeboden in het Engels)
Bachelor of Business Economics: Business and Technology (enkel aangeboden in het Engels)
Bachelor of Business Economics: International Business (enkel aangeboden in het Engels)
Voorbereidingsprogramma Master of Science in International Business: Standaard traject (enkel aangeboden in het Engels)
Voorbereidingsprogramma Master of Science in Business Engineering: Business and Technology: Standaard traject (enkel aangeboden in het Engels)