Managerial accounting 2637-EMBA-EN-MA
The course provides an introduction to financial accounting with more comprehensive study of selected topics.
Specific objectives are:
• presentation and discussion about concepts of modern accounting;
• getting knowledge about the basic accounting terminology, including definitions and recognition criteria of assets, liabilities, income, revenue, equity
• getting knowledge about potential accounting problems facing organization
• presentation of some basic rules and principles of IFRS and Polish Accounting Act,
• discussion on ethics in business and accounting: reasons of frauds in books, “creative” accounting and its consequences
• ethical aspects in accounting – current status and challenges for the future
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Term 2026:
Financial Accounting is the process of recording, classifying and summarizing, transactions or events facing the business, which then leads to preparation of the financial statements for various stakeholders. The general purpose of the financial statements is to provide information about the results of operations, financial position, and cash flows of an organization. This information supports the company in making decisions. |
Course coordinators
Type of course
Mode
Learning outcomes
Students learn how to:
• Look at various financial effects of business decisions (transactions)
• Record effects and see its consequences
• Prepare basic financial statements (i.e. balance sheet, income statement, cash flow statement)
• Understand information provided by accountants
• Appreciate basic knowledge about year-end valuation and its financial effect
• Understand what is meant by “creative accounting”
• Read and analyze information provided in the financial statements
Assessment criteria
Participants get marks for final exam.
Bibliography
Lecture notes and presentation.