Managerial accounting 2637-EMBA-EN-MA

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.
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