Financial Accounting

6 ECTS credits
175 h study time

Offer 2 with catalog number 1000364ANR for all students in the 1st semester at a (A) Bachelor - 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

Taught in

Dutch

Faculty

Faculty of Social Sciences & SolvayBusinessSchool

Department

Business

Educational team

Filip Sans
Joël Branson (course titular)
Jan Rimbaut
Britt Hilde William De Neve

Activities and contact hours

22 contact hours Lecture
43 contact hours Seminar, Exercises or Practicals
110 contact hours Independent or External Form of Study

Course Content

The course in 'Algemeen boekhouden' deals with important topics that all students of management should study, including the accounting for sales revenues, inventories, depreciation, liabilities, stockholders' equity, intercorporate investments and income taxes. Accounting procedures such as transaction analysis, journalising and posting 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.

Course material

Handbook (Required) : Boekhouden, Tweedelig handboek: theorie + vragen & oefeningen, Joël Branson en Diane Breesch, Die Keure, 99980000021230, 2023
Digital course material (Recommended) : De tijdens het hoorcollege gebruikte presentaties, de modeloplossingen van de oefeningen en een voorbeeldexamen., Canvas

Additional info

Study material: Inleiding tot het algemeen boekhouden (authors Joël Branson en Diane Breesch, published by Die Keure)

Complementary study material will be available via the electronic learning environment Canvas. This material includes slide presentations of the lectures, model solutions for exercises and sample exams.

Learning Outcomes

General competencies

The student:

knows the basic accounting terminology;
masters the basic principles of double-entry accounting in accordance with generally accepted accounting principles and the Belgian accounting legislation;
is able to account for the most common business transactions and to translate these transactions to items of the balance sheet, the income statement and the profit appropriation;
understands the effect of accounting choices (eg, choice of accounting policies); and
can relate the different sections of the balance sheet, the income statement and the profit appropriation.

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

Written exam, both in the 1st and the 2nd exam session.
Theory & exercises have approximately equal weight.

Around week 7 of the semester, an intermediate test is organized. The objective of this test is to improve the basic understanding of accounting concepts. A good performance on this test can result in a bonus of max. 2 points on the final grade.

Allowed unsatisfactory mark

The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context