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EMA531 Introduction to Finance and Accounting (EMA531)


Description

Objective

The importance of financial information in decision making by managers, market analysts and bankers requires deep knowledge and comprehension of accounting concepts and corporate finance.

The objective of this course is to introduce students to basic accounting mecanisms and use them in financial anlysis in order to make decisions. Concepts will be studied in a European approach.

Learning Outcome

- After this seminar, students should be able:
- Learn a common language
- Learn the basic accounting principles
- Use the accounting analysis for a deeper knowledge of some technical aspects
- Explain the budget and cost calculation aspects
- Analyse accounting documents in order to understand the effect of various activities (results, ratios, operating reports,...)
- Acquire a general overview of a company's financial situation
- Learn about financial analysis techniques
- Study financing methods

Content
  • Week 1
  • Introduction Annual Financial Statements
  • Introduction - Professor Niessen Wilfried
  • Finance - Study Guide
  • Lecture 01 Introduction Annual Financial Statements
  • Accounting Principles Standards
  • Depreciation
  • Annual financial Statements - The balance sheet: content
  • Lecture 02 Annual Financial Statements
  • Accounting Equation
  • The Asset
  • Shareholder's Equity
  • Valuing Goodwill
  • Liabilities
  • Exercices Accountancy: doing exercises from 1 to 8
  • Liabilities
  • Part 1 Introduction Annual Financial Statements
  • Part 2 Introduction Annual Financial Statements
  • The Balance Sheet: Movements and Accounts
  • Lecture 03 The Balance Sheet Movements
  • Double Entry Book Keeping
  • Debits and Credits
  • Debit/Credit Rules for Asset
  • T Accounts
  • Understanding Equity Accounts
  • Accountancy Exercices : doing exercises from 9 to 10
  • Debit/Credit Rules for Liabilities
  • The Balance Sheet - Content - Professor Niessen Wilfried
  • The Balance Sheet - Movements and Accounts - Professor Niessen Wilfried
  • Profit and Lost Accounts
  • Lecture 04 Profit and Lost Accounts
  • Charge and Income
  • Measuring Business Income
  • Accountancy Exercices : doing exercises 11
  • Profit and Loss Account - Professor Niessen Wilfried
  • The Accounting System
  • Lecture 05 The Accounting System
  • Accounting for Inventory
  • The Accounting System - Professor Niessen Wilfried
  • WEEK 2
  • Introduction Cost Accounting
  • Lecture 06 Introduction Cost accounting
  • Difference Between Financial and Managerial Accounting
  • Introduction Cost Accounting - Professor Niessen Wilfried
  • Accounting Cost Concepts
  • Cost Calculation Methods
  • Lecture 07 Cost Calculation Methods
  • Types of Costs
  • Variable Costing
  • Direct Indirect Costs
  • Advantages and Disadvantages of Absorption Costing System
  • Definition and Explanation of Activity Based Costing System
  • Traditional ABC method
  • Advantages of Activity Based Costing System
  • WEEk 3
  • Introduction Financial Analysis: Working Capital
  • Lecture 08 Working Capital
  • Working Capital - Professor Niessen Wilfried
  • Cash Flow
  • Lecture 09 Cash Flow
  • Cash Flow
  • Analyzing Financial Statements
  • Horizontal Analysis
  • Vertical Analysis
  • Business Ratios Bank Loans
  • Cash Flow - Professor Niessen Wilfried
  • WEEK 4
  • Rations
  • Lecture 10 Ratios
  • Ratios - Professor Niessen Wilfried
  • Profitability of Investments
  • Profitability of Investments - Professor Niessen Wilfried
  • Lecture 11 Profitability of Investments
  • How to Calculate Net Present Value
  • Net Present Value
  • Statement Cash Flows
  • Cash Flow
  • Articles
  • Accounts Payable
  • Closing_the_Books.pdf
  • Liquidating a Sole Proprietorship
Completion rules
  • All units must be completed