Fin­an­cial Ac­count­ing

Course content

• Accounting as a form of communication
• Financial statements and Annual Reports
• Double-entry bookkeeping
• Cash basis and accrual basis of accounting
• Inventories and Cost of Goods Sold
• Cash, receivables and short term investments
• Fixed Assets (Tangible & Intangible)
• Goodwill
• Current Liabilities, Present Value, and Long-term liabilities
• Shareholders’ Equity
• Cash Flow Statements
• Financial Statement Analysis

Course aim:
Students learn to develop their understanding of financial accounting via reference to practical examples, exercises and mini-cases.
 
Relation to a Business or an Institutional Setting: Class discussions are focused around multinational companies in different industries – both European and US. The course textbook has many good examples from US business life, which will be contrasted against their European peers.

Relation to International Business or Economics: The core theme of the course is the financial accounting within multinational corporations.