Accounting

Academic year: 2010-2011 Course code module FTEBABK100 Semester: 1st and 2nd semester Credits: 6 Study load (hours) 168 Theory (hours): 45,00 Practice/Exercises(hours): 30,00 Other (hours): Part-time program: Instructor(s) Nadine Lybaert Christine Lippens Language of instruction: Dutch Semester exam information: exam in the 1st and/or 2nd semester Contract restriction information: 1. Prerequisites *Algemene competenties None. *Sequentiality None 2. Objectives (expected learning outcomes) At the end of the first year of the bachelor's degree, students must be able to employ the technique of double-entry bookkeeping and draft an abbreviated annual account in line with Belgian legislation. 3. Course content This course introduces students to the process that leads to using an annual account, i.e., students are given an introduction to the technique of double-entry bookkeeping, and the opening and closing of the accounts. Attention is then focused on an abbreviated annual account. The legal framework followed here is the Belgian legislation on bookkeeping and the annual account of industrial and commercial business. The posts of the full annual account will be thoroughly discussed, so that each student can interpret the figures behind each post in a meaningful way, and know through which process these amounts have been generated. After all, the company result reported by a company is not an exact and objective figure, but an amount which is the result of a series of choices within a legal framework. 4. Teaching method Direct contact: Lectures Tutorials 5. Assessment method Exam: Closed book Multiple choice Open questions 6. Compulsory reading – study material A. Jorissen, N. Lybaert, C. Reyns, J. Vanneste, Financial Accounting, Uitgeverij De Boeck, 2004 7. Recommended reading - study material None 8. Tutoring / laatste aanpassing: last update: 03/10/2011 12:03 christine.lippens