6 ECTS credits
175 h study time
Offer 1 with catalog number 1021456ANR for all students in the 1st semester at a (A) Bachelor - preliminary level.
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).
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
Self: 130 hours
The student:
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:
The final grade is composed on the following components:
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.
This offer is part of the following study plans:
Bachelor of Business Economics: Startplan Business Economics
Bachelor of Business Economics: Business and Technology
Bachelor of Business Economics: International Business
Preparatory Programme Master of Science in International Business: Default track
Preparatory Programme Master of Science in Business Engineering: Business and Technology: Default track