Accounting part II 2400-FIM2RACII
The course requires from students an independent work, beyond class in the amount of 3 hours a week in order to prepare for class and do homework. The course is aimed to introduce students to and practice the principles of accountancy in particular methods of valuation, principles of recording short-term and long-term assets (accounts receivable, investments, deferrals, accruals and provisions), short-term liabilities (accounts payable), costs and revenues as well as calculation of financial result using costs by nature and costs by function approaches. In addition students will be introduced and practices preparing financial statements in particular cash flow statement and statement of changes in shareholders' equity. The seminar will also introduce students to basic financial ratios as method of evaluation of financial data.
During summer semester, the following concepts will be presented:
1 Introduction to the course and review of the syllabus.
2 Investments - initial and current valuation, realized vs. unrealized gains and losses.
3. Bad debts and allowances for doubtful debts.
4. Accruals, deferrals (deferred income, deferred costs) and other adjustments for financial statements.
5. Cash flow statement - preparation using direct and indirect methods.
6. Statement of changes in equity - preparation, relation of this statement to Balance sheet and Profit and loss account.
7. Financial ratios - introduction and students' group work.
8. Review of concepts and preparation for colloquium and exam.
During winter semester students will write in groups Quiz no. 2.
Rodzaj przedmiotu
Koordynatorzy przedmiotu
Efekty kształcenia
After completion of the seminar the student will:
KNOWLEDGE
1. understand basic principles of accountancy
2. be able to prepare balance sheet, profit and loss account, cash flow statement, statement of changes in shareholders' equity
3. recognise and understand individual positions of financial statements
4. understand more advanced accounting and financial reporting rules such as deferred and accrued assets and liabilities, investments, etc.
SKILLS
1. be able to explain positions in financial statements
2. record typical economic operations
3. prepare opening and closing balance sheet and profit and loss account in cost by nature and cost by function approaches
4. value components of assets and liabilities, expenses and revenues
5. calculate financial result
6. recognize linkages among positions in statements.
ATTITUDE
1. analyse economic operations in the light of principles and the standards of accountancy
2. understand the role of accountant and accounting policies in creating the financial strategy of an enterprise.
KW01, KW002, KW03, KW04, KW05, KU01, KU02, KU03, KU04, KK01, KK02, KK03
Kryteria oceniania
The presence in class is obligatory. One unexcused absence per semester is accepted. More than one unexcused absence will require additional problems to be completed or a penalty of -5 points assigned. Ten or more unexcused absences per semester will result in inability to participate in first term of examination.
Assessment will be based on: (1) 50% written exam composed of open problems and questions of single choice lasting between 60 to 90 minutes, 30% colloquium composed of one complex accounting problem and one numerical task, held at the beginning of exam session lasting 45 minutes, and (3) 20% four in-class individual quizzes lasting between 15 to 20 minutes. The colloquium requires knowledge of bookkeeping (recording) various accounting operations, including cost accounting, and preparation of financial statements. Students must obtain at least 50% of points (15/30 points) from the colloquium to be permitted to sit on final examination.
Literatura
The obligatory literature:
- "Book-Keeping and Accounts" (2013) 8th Edition by Frank Wood, Sheila Robinson, Pearson, Edinburgh 2013;
- "Financial Accounting: Global Edition International Financial Reporting Standards" (2014)
9th Edition by Walter Harrison, Charles Horngren, Bill Thomas, Themin Suwardy, Pearson, Edinburgh 2014;
- Ewa Śniżek, Ewa Walińska, Maciej Frendzel, Joanna Stępień-Andrzejewska, Financial Accounting, Centrum Controllingu i Analiz Ekonomicznych Sp. z o. o., Łódż 2007.
The literature supplementary:
Zbigniew Messner, Józef Pfaff, Rachunkowość finansowa Część I (Podstawy rachunkowości), Stowarzyszenie Księgowych w Polsce, Warszawa 2008;
- Wiktor Gabrusewicz (red.), Rachunkowość finansowa Część II (Rachunkowość dla zaawansowanych), Stowarzyszenie Księgowych w Polsce, Warszawa 2009;
- Zbigniew Messner (red.), Rachunkowość finansowa z uwzględnieniem MSSF, Warszawa 2007;
- Maria Gmytrasiewicz, Anna Karmańska, Rachunkowość finansowa, Vademecum Rachunkowości, Difin, Warszawa 2006;
- Maria Gmytrasiewicz, Rachunkowość Podstawowe założenia i zasady, Vademecum Rachunkowości, Difin, Warszawa 2008;
- Irena Olchowicz, Agnieszka Tłaczała, Sprawozdawczość finansowa według krajowych i międzynarodowych standardów, Vademecum Rachunkowości, Difin, Warszawa 2008;
- Wiesław Sasin, Zakładowy plan kont dla spółki z o. o., Sigma, Warszawa 2008;
- Jerzy Gierusz, Plan kont z komentarzem. Handel Produkcja Usługi, Ośrodek Doradztwa i Doskonalenia Kadr Sp. z o. o., Gdańsk 2009;
- Grażyna Zdziennicka-Kaczocha, Podróże służbowe w kraju i poza jego granicami, Wydawnictwo Sigma, 2008;
Więcej informacji
Dodatkowe informacje (np. o kalendarzu rejestracji, prowadzących zajęcia, lokalizacji i terminach zajęć) mogą być dostępne w serwisie USOSweb: