Management Accountancy
[ECGE1122]
[20h + 15h] 3 credits
This course is taught in the 2d semester.
Teacher(s): Yves De Rongé, Michel De Wolf, Michel De Wolf(supplée Yves De Rongé)
Language: French
Level: First
Aims
By the end of the course, students should have acquired good mastery of the technique of double entry accounting and the main procedures for evaluating balance sheet accounts as laid down in Belgian law and IAS/IFRS standards. They should also be familiar with basic principles of group accounting and consolidation methods. Finally, they should have acquired some knowledge of the main elements of management accounting, in particular of cost accounting.
Main themes
1. Accounting methods: the double entry principle
2. the organization of general company accounting
3. the various rubrics of asset accounting: accounting techniques and evaluation procedures as laid down in Belgian law and the IAS/IFRS standards.
4. the various rubrics of liability: accounting techniques and evaluation procedures as laid down in Belgian law and the IAS/IFRS standards.
5. the various rubrics of profit and loss accounting: accounting techniques
6. introduction to account consolidation
7. introduction to management accounting
a. the role of management accounting
b. the concepts of direct/indirect costs, variable/fixed costs
c. the different types of cost accounting: fixed, variable, semi-fixed
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)