3 ECTS credits
75 h study time

Offer 1 with catalog number 3021571DNW for working students in the 1st semester at a (D) Master - preliminary level.

Semester
1st semester
Enrollment based on exam contract
Impossible
Grading method
Grading (scale from 0 to 20)
Can retake in second session
Yes
Enrollment Requirements
To be able to enroll for 'Introduction to Accounting and Finance', it is necessary to have succesfully passed for 'Quantative Methods for Business' or at least you need to be enrolled for 'Quantative Methods for Business'.
Taught in
English
Faculty
Faculty of Social Sciences & SolvayBusinessSchool
Department
Business
Educational team
Filip Sans
Stefanie Ceustermans (course titular)
Activities and contact hours

9 contact hours Lecture
9 contact hours Seminar, Exercises or Practicals
66 contact hours Independent or External Form of Study
Course Content

This course provides an introduction to the basic principles of financial accounting. Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers. Thus, accounting is the language of business. This course is designed to help you, as a manager, to understand accounting as the language of business. Specifically, this course will focus on accounting and the business environment, recording business transactions, the adjusting process, completing the accounting cycle, and merchandising operations & inventory. We will study such accounting procedures as transaction analysis, journal entries, and balance sheet and income statement preparation. The fundamental accounting equation will be used a central guiding principle throughout the course in order to explain new concepts and analyze transactions.The goal of the course is to discuss relevant subject matters, including “real world” examples from actual companies, and to present this information clearly and comprehensively. Thus, students will obtain a thorough grasp of the fundamentals of financial accounting.

Course material
Digital course material (Required) : PowerPoint Presentations _ Introduction to Accounting and Finance, Canvas, 2018
Handbook (Required) : Horngren's Financial & Managerial Accounting, T.L. Miller-Nobles, B. L. Mattison and E.M. Matsumura, 6de, Pearson, 9781292270746, 2018
Additional info

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Learning Outcomes

General competences

After studying this course, students should be able to:

  • explain why accounting is important and list the users of accounting information;
  • describe the accounting equation and use it to analyze transactions;
  • explain and apply accounting concepts, principles and conventions;
  • record accounting transactions and prepare financial statements;
  • analyze, interpret and communicate the information contained in the financial statements;
  • describe the importance of capital investments and the capital budgeting process;
  • evaluate investments using different capital budgeting methods (payback, accounting rate of return, net present value and internal rate of return).

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

  • Written Exam with a relative weight of 100 which comprises 100% of the final mark.

Additional info regarding evaluation

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Academic context

This offer is part of the following study plans:
Preparatory Programme Master of Science in Management: Academische Master
Preparatory Programme Master of Science in Management: Academische Bachelor