Introduction to accounting

By the end of the course students should be able to: - Solve any new accounting problem using the knowledge acquired in this and previous courses. - Understand the effect of accounting policies on the figures reported on the financial statements. Skills development: -Initiative and self-learning -The ability to select and assign priorities within restricted resources and to organize work to meet tight deadlines -Work in teams. -Present, discuss, report and defend views effectively. Attitudes: - Compliance with the fundamental ethical principles. - Commitment to continual improvement and lifelong learning.

Topic 1. Conceptual Framework, Liabilities, Loss contingencies and Employment costs. Topic 2. Inventory. Topic 3. Revenue recognition Topic 4. Receivables. bill discounting and factoring. Topic 5. Tangible assets. Topic 6. Swaps and Official Capital Grants Topic 7. Intangible assets. Topic 8. Financial instruments. Topic 9. Equity Topic 10. Income tax

The course is organised in theoretical and practical sessions. Theoretical sessions are designed to provide the basic concepts needed to solve the accounting problems analysed. Practical sessions are used to discuss exercises and practical cases where basic theorical concepts need to be applied. Students should revise the concepts analysed in every theoretical session and solve the proposed exercises and/or practical cases before they are discussed in the classroom.