URL study guide
https://studiegids.vu.nl/en/courses/2024-2025/E_IBA1_ACCCourse Objective
1. Academic skills. After successfully completing this course, the student:• recognizes fundamental accounting information and leaves out irrelevant information 2. Bridging theory and practice. After successfully completing this course, the student:
• demonstrates theoretical and empirical knowledge concerning accounting in the context of international business administration
• knows the basic concepts of financial and managerial accounting 3. Broadening our Horizon. After successfully completing this course, the student:
• is informed about current accounting practices 4. Social skills. After successfully completing this course, the student:
• has excellent communication skills
Course Content
Accounting is the language required to do business. It allows executives, managers and employees to communicate; it allows investors, analysts, and governmental authorities to understand how an organization is doing. Thanks to the International Financial Reporting Standards, accounting can be seen as a global language, spoken across most countries. Accounting is much more than book-keeping. Without accounting, it is not possible to evaluate a new business opportunity, assess the performance of a company, or design a solid business strategy for the near future. This course provides a thorough introduction to financial and managerial accounting. It provides fundamental knowledge that all business practices require. This course teaches how to formally record and report economic events and transactions, how to read accounting information to make inferences and support decisions, and how accounting plays an active role in the success or failure of a company. More broadly, this courses explains why the accounting activity cannot be performed by robots, as it involves discretion in how information is recorded and reported. Moreover, the course offers a first look at what the accounting profession entails.Teaching Methods
Lectures TutorialsMethod of Assessment
Written exams Participation assignment- individual (e.g. quizzes)
Literature
Text book (e-book): Weygandt, J.J., Kimmel, P.D., Kieso, D.E. (2020) Financial & Managerial Accounting, 4th edition, Wiley. ISBN: 978-1-119-75252-3. Additional material will be announced on Canvas.Recommended background knowledge
Students are expected to understand algebra, and the content of Business Mathematics or similar courses.Language of Tuition
- English
Study type
- Bachelor