Accounting for Executives

General data

Course ID:	2637-EMBAen-FA
Erasmus code / ISCED:	04.3 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0411) Accounting and taxation The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Accounting for Executives
Name in Polish:	Accounting for Executives
Organizational unit:	International Management Center
Course groups:
ECTS credit allocation (and other scores):	(not available) Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load. view allocation of credits
Language:	English
Type of course:	obligatory courses
Mode:	Classroom
Short description:	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.
Full description:	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
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

This course is not currently offered.

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