Courses Bachelor Display 2018-2019

Course Description To PDF
Course title Accounting
Course code EBC1014
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
2 29-10-2018 21-12-2018 L X X
Level Introductory
Coordinator Katlijn Haesebrouck
For more information: k.haesebrouck@maastrichtuniversity.nl
Language of instruction English
Goals
* Learn how to prepare financial statements (income statement, balance sheet, cash flow statement) at an introductory level using International Financial Reporting Standards (IFRS).
* Understand how managerial judgement plays a role in selecting accounting methods and measurement.
* Learn how to analyze and interpret financial statements.
* Understand how managerial incentives, managerial judgement, auditing and corporate governance affect the quality of financial statements.
Description
THIS COURSE IS COMPULSORY ONLY FOR STUDENTS WHO DID NOT PASS ACCOUNTING IN 2017-2018 OR BEFORE. THESE STUDENTS HAVE TO RETAKE ACCOUNTING IN 2018-2019, AND DO NOT TAKE ACCOUNTING AND FINANCIAL REPORTING (EBC1037-1038-1039).

The aim of this course is to introduce financial accounting. Students will learn how to record business transactions and draw up financial statements (balance sheet, income statement and cash flow statement). Understanding the basic principles underlying ‘the language of business’ is essential to anyone who will be involved in the preparation (e.g., controllers), monitoring (e.g., supervisory board members, auditors, stock market regulators), analysis (e.g., financial analysts, M&A consultants), or use (e.g., venture capitalists, governments, private shareholders, bondholders) of financial accounting information. The course also addresses other factors (such as accounting regulation, auditing, corporate governance and managerial incentives and judgement) that affect the preparation and use of financial statements as well as techniques for analyzing financial statements.
Literature
* Bhimani, A., Horngren, C.T., Datar, S., and Rajan, GM.V. (2012) Management and Cost Accounting, Prentice Hall, 5th Edition. (Chapters 1-15)
* Harrison, Horngren, Thomas, and Suwardy, 2013, Financial Accounting (IFRS): Global Edition, Pearson, 9th edition. (Chapters 1-3)
Prerequisites


█ Only for students who started the programme prior to September 2019.



TRANSITIONAL REGULATION:
Students who did not pass the courses EBC1013, EBC1014 or EBC1015 during AY2017-2018 or earlier will have the possibility to still register and participate in these courses as these will be offered for one more academic year (AY2018-2019).

PREREQUISITES:
* An advanced level of English
* No specific required knowledge requested
Teaching methods (indicative; course manual is definitive) PBL / Lecture
Assessment methods (indicative; course manual is definitive) Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics Year 1 Compulsory Courses