Accounting

2019-2020

Course Objective

1. Academic skills. After successfully completing this course, the
student:
• recognizes fundamental accounting information and leaves out
irrelevant information
• puts forward well-founded, substantiated points of view about
accounting-related decisions, both in spoken and written format

2. Bridging theory and practice. After successfully completing this
course, the student:
• demonstrates theoretical and empirical knowledge concerning accounting
in the context of international business administration
• knows the basic theories, models and concepts of financial and
managerial accounting

3. Broadening our Horizon. After successfully completing this course,
the student:
• is informed about current accounting practices
• has a strong sense of ethics and integrity with regard to accounting
decision-making processes
• is able to adapt accounting concepts to an international context
• has a strong orientation towards an international career

Course Content

Accounting is the language required to do business. It allows
executives, managers and employees to communicate; it allows investors,
analysts, and governmental authorities to understand how an organization
is doing. Thanks to the International Financial Reporting Standards,
accounting can be seen as a global language, spoken across most
countries.

Accounting is much more than book-keeping. Without accounting, it is not
possible to evaluate a new business opportunity, assess the performance
of a company, or design a solid business strategy for the near future.
This course provides a thorough introduction to financial and managerial
accounting. It provides fundamental knowledge that all business
practices require.

This course teaches how to formally record and report economic events
and transactions, how to read accounting information to make inferences
and support decisions, and how accounting plays an active role in the
success or failure of a company. More broadly, this courses explains why
the accounting activity cannot be performed by robots, as it involves
discretion in how information is recorded and reported. Moreover, the
course offers a first look at what the accounting profession entails.

Teaching Methods

Lectures
Tutorials

Method of Assessment

Interim exam – Individual assessment
Written exam – Individual assessment
Mandatory attendance and participation in tutorials – Individual
assessment

Literature

Text book (e-book):
Weygandt, J.J., Kimmel, P.D., Kieso, D.E. (2018) Financial & Managerial
Accounting, 3rd edition. Wiley. ISBN: 978-1-119-39160-9.

Additional material will be announced on Canvas.

Recommended background knowledge

Students are expected to have a solid understanding of algebra, and be
well-acquainted with the content of Business Mathematics or similar
courses.

General Information

Course Code E_IBA1_ACC
Credits 6 EC
Period P5
Course Level 100
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator dr. J.P. Mendoza Rodriguez
Examiner dr. J.P. Mendoza Rodriguez
Teaching Staff

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Study Group
Target audiences

This course is also available as: