Accounting I
[ECGE1113]
[45h + 15h] 5 credits
Teacher(s): Karine Cerrada Cristia, Yves De Rongé, Michel De Wolf(coord.), Michel Gatz
Language: French
Level: First
Aims
At the end of the course, students should have acquired a good knoledge of the art of double accounting and principal accounting policies of the various sections of the balance sheet under Belgian law.
In other words, students will be able to establish the general accounts of a company in Belgium. Special attention is also paid to the link between accounting and methods of governance and management, and the international perspective. In addition, they should have acquired a basic understanding of key concepts of management accounting and in particular the costs.
Main themes
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.
Content and teaching methods
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)