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KEBU 2015A - Financial Accounting

Type d'enseignement : Seminar

Semester : Autumn 2018-2019

Number of hours : 24

Language of tuition : English


By definition, being an introductory course, no particular accounting knowledge is assumed. That said, any time spent on a basic text dealing with the mechanics of accounting should prove beneficial (see below).

Course Description

The course will cover the following topics: Fundamental notions and basic structure of accounting systems (debit / credit / journal entries / general ledger / trial balance / financial statements); distinction between routine and adjusting entries. Concentration on these latter (accruals, provisions, depreciation, gain/loss on asset disposal etc). Generation of Profit and Loss Account, Balance Sheet from Trial balance. Fundamental accounting principles. Concept of Anomaly. Interpretation of Balance Sheet / Profit and Loss Account. Introduction to International Accounting Standards (IAS-IFRS). Examination in particular of : Statement of Cash Flow (IAS 7) Accounting Estimates and Errors (IAS 8) PPE (IAS 16); Impairment (IAS 36) Intangible Assets (IAS 38)


MCWILLIAMS, Michael (Chartered Accountant)

Pedagogical format

The course is progressive, each lecture introduces new material, and as required deals with homework when distributed by email at the close of the previous lecture.

Course validation

The course is assessed on the basis of two examinations: mid-term exam worth 40%, final exam worth 60%.


12 lectures of two hours each (24 hours). Credits : 4.

Required reading

Each student at liberty to choose a basic accounting text and to concentrate on the mechanics of accounting