UCL - Principles of Accountancy

[ESPO1112]

[30h + 15h] 4 credits

Teacher(s): Karine Cerrada Cristia, Michel De Wolf, Michel Gatz

Language: French

Level: First

Aims
Main themes
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Aims

This course aims to provide students with an understanding of the major principles of accountancy to enable them to interpret the reserve and provision accounts of public-sector or private companies or NGOs and other civil society organisations. Close attention is also paid to the link between accounting and methods of governance and management, and to providing an international perspective.

Main themes

What is accountancy?
The principles of accounting
" Neutrality and subjectivity
" Case accountancy and engagement accountancy
" Standardisation and accounting control
" Fixed asset valuation: the basic balance sheet equation
" Representation of the operating cycle and result determination
" Concepts of asset and liability, costs and products
Accountancy as a management tool
Accountancy and methods of governance
Accounting theories and worldwide approaches
Applications: introduction to reserve and provision account interpretation.

Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Support : Textbook: Colette et Richard, 2002, Les systèmes comptables français et anglo-saxons, Dunod