Accounting I

Teacher(s)

Cerrada Cristia Karine; Danaux Géraldine (compensates Cerrada Cristia Karine); De Rongé Yves; De Wolf Michel;

Language

French

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.

Aims

At the end of this learning unit, the student is able to :
1	This course aims to provide students with basic skills in financial accounting and an introduction to key concepts of management accounting. 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.

Content

The course aims at understanding and mastery of concepts, basic principles of financial accounting, technical accounting and valuation rules under Belgian law and their implementation in different types of companies and different economic environments . They have also acquired the basics of management accounting to enable them to learn how to calculate a cost.

Teaching methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

Theoretical courses (ex-cathedra) and exercices in smaller groups. 

Bibliography

Des diapositives sont disponibles sur le site moodle du cours.
Le livre K. Cerrada, Y. De Rongé et M. De Wolf, Comptabilité et analyse des états financiers, 4ème éd., Deboeck, Bruxelles, 2020, est conseillé.

Teaching materials

• Des diapositives sont disponibles sur le site moodle du cours.

Faculty or entity

ESPO