Accounting 2400-PP3RACa

1. Financial accounting system
Accounting in business environment. Construction of the account, classification and division of accounts, chart of accounts, trial balance sheet, basic accounting concepts and principles,
2. Expenses/costs and revenues/incomes
Definition and classification of expenses and revenues, income statement based on cost by function, income statement based on cost by nature, overall principles of profit determination (measurement of revenues and expenses)
3. Assets, liabilities and equity - bookkeeping and reporting financial issues
Definition and classification of assets, liabilities, balance sheet - general overview, overall principles of assets, liabilities and equity valuation,
4. The Accounting Act
Basic terms for the entity accounting system, policy of accounting, books of account, details of financial statement content, financial statement audit and publication,
5-6. Inventories
Definition, classification and scope of inventories, initial valuation, valuation as at the balance sheet date, the rules of measurement of inventories during an accounting period, impairment of inventories and its reversal,
7. Receivables and payables
The definition and scope of receivables and payables, initial valuation, valuation as at the balance sheet date, impairment of receivables, valuation as at the settlement (payment) date,
8-9. Tangible fixed assets
The definition, classification and scope of property, plant and equipment, initial valuation, valuation during an accounting period, depreciation - the straight line method, the accelerated method (declining balance, sum of years digits), natural depreciation method, improvement of an item of property, plant and equipment, valuation as at the balance sheet date, revaluation, impairment of property, plant and equipment
10. Intangible assets
The definition, classification and scope of intangible assets, initial valuation, valuation during an accounting period, depreciation - the straight line method,
11-12. Investments
Definition, classification and scope of investments, initial valuation, valuation as at the balance sheet date, the Accounting Act rules, the regulation of the Ministry of Finance on recognition, measurement, scope of disclosure and presentation of financial instruments,
13. Deferrals, accruals and provisions
Deffered costs, deffered income, accrued costs and provisions, current and deferred income tax,
14. Cash flow statement
Structure of cash flow statement, operating, investing and financial activities, change in cash and cash equivalents
15. Additional elements of financial statement
Statement of changes in equity, additional information, directors' report
Szczegółowe warunki uczestnictwa:
Elementary knowledge of finance and enterprises' finance is expected.
Spodziewane efekty kształcenia:

Intermediate knowledge of recording business transaction in books of account, intermediate skills of preparing a financial statements, containing balance sheet and income statement. Basic knowledge of assets and liabilities valuation as at the balance sheet date. Intermediate knowledge of tangible assets depreciation and impairment of inventory and financial investment.
Szczegółowe zasady zaliczania zajęć:
1 absence allowed; Assessment based in 30% on work in groups (finding solution of practical problems - one point per each task solved during tutorial, maximum 10 points) and in 70% on written final exam at the end of the term (one-choice test and tasks).