6 ECTS credits
173 h study time
Offer 1 with catalog number 1020399ANW for working students in the 1st semester at a (A) Bachelor - preliminary level.
This course provides an introduction to financial accounting with the aim of giving students an insight into the preparation of financial statements. Important accounting principles, valuation methods and the double-entry accounting bookkeeping method are discussed in depth and illustrated extensively.
The course consists of two parts. In the first part, the theoretical framework is given abundant consideration, with particular attention being paid to the accounting obligations, the content and the form of the financial statements. The process leading to the preparation of the financial statements is examined. The course focusses on basic accounting principles, rules and tools. The double-entry bookkeeping technique is thoroughly discussed. Attention is paid to the logical connection between the balance sheet and the income statement. In the second part, the most common transactions of a company are discussed and journalised with the required journal entries. These transactions include sales and purchase cycles, fixed assets, receivables, accruals, payables, equity, and provisions. Throughout this course reference is made to the Belgian legal framework, which is in line with the European directive.
The text book is normally available in the VUB bookshop. However, do not hesitate to buy the text book elsewhere (online).
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:
Lectures: 19 hours
Practical: 22 hours
Self: 132 hours
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:
Not applicable.
This offer is part of the following study plans:
Bachelor of Political Science and Sociology: - afstudeerrichting sociologie, minor management en beleid van de gezondheidszorg (only offered in Dutch)
Bachelor of Political Science and Sociology: - afstudeerrichting sociologie, minor management, zorg en beleid in de gerontologie (only offered in Dutch)
Bridging Programme Master of Science in the Management and the Policy in Health Care: Standaard traject (only offered in Dutch)
Bridging Programme Master of Science in Management, Care and Policy in Gerontology: Standaard traject (only offered in Dutch)
Preparatory Programme Master of Science in Management, Care and Policy in Gerontology: Default track (only offered in Dutch)
Preparatory Programme Master of Science in Management and Policy in Health Care: Default track (only offered in Dutch)