Бакалавриат 2023/2024

Финансовый и управленческий учет

Лучший по критерию «Полезность курса для Вашей будущей карьеры»

Лучший по критерию «Новизна полученных знаний»

Статус: Курс обязательный (Международный бизнес)

Направление: 38.03.02. Менеджмент

Кто читает: Департамент финансового менеджмента

Где читается: Высшая школа бизнеса

Когда читается: 2-й курс, 1, 2 модуль

Формат изучения: без онлайн-курса

Охват аудитории: для своего кампуса

Преподаватели: Леевик Юлия Сергеевна

Язык: английский

Кредиты: 6

Контактные часы: 72

Course Syllabus

Abstract

Accounting is an intensive field, plays a significant and vital role in the economy. Every business or organization needs to keep a track of their activities, which helps them to measure the performance of the organization and take further frontiers to grow their business or prevent any risk or shortcomings. Accounting comprises two major areas: Financial Accounting presents formalized financial statements for external users like investors and regulators, while Management Accounting provides internal insights for decision-making on costs, budgets, and strategies to maximize profits. Both areas collectively ensure sound financial management and sustainability.

Learning Objectives

• The academic discipline "Financial and Management Accounting" aims to equip students with essential skills and deep understanding of fundamental principles, rules, and methodologies necessary for interpreting financial statements and supporting well-informed managerial decisions. Through extensive study of accounting frameworks, students will learn to critically analyze financial data, assess corporate performance, and formulate effective strategies for enhancing profitability and minimizing risks. Additionally, the course emphasizes ethical considerations in accounting practices, ensuring the competencies required to meet international reporting standards and contribute meaningfully to organizational success.

Expected Learning Outcomes

• Understand the essence of accounting terms and to use them properly
• Understand the purpose, structure, and content of the financial reporting in the modern market economy
• Explain the concepts of financial and management accounting and its importance for businesses
• Have basic practical skills in financial reporting and interpreting accounting information
• Identify and give examples of the basic manufacturing cost categories
• Perform a cost-volume-profit analysis
• Describe cost systems and compute variances, demonstrate the use of standard costs in flexible budgeting
• Prepare a master budget and demonstrate an understanding of the relationship between the components

Course Contents

• Topic 1. Financial statements and Business Decisions
• Topic 2. Investing and Financing Decisions and the Accounting System
• Topic 3. Operating Decisions and the Accounting System
• Topic 4. Adjustments, Financial Statements, and the Quality of Earnings
• Topic 5. Reporting and Interpreting Sales Revenue and Receivables
• Topic 6. Reporting and Interpreting Cost of Goods Sold and Inventory
• Topic 7. Reporting and Interpreting Property, Plant, and Equipment and Intangibles
• Topic 8. Reporting and Interpreting Liabilities and Owners’ Equity
• Topic 9. Statement of Cash Flows
• Topic 9. Managerial Accounting and Cost Concepts
• Topic 10. Job-Order Costing
• Topic 11. Activity-Based Costing
• Topic 12. Cost-Volume-Profit Relationships
• Topic 13. Master Budgeting
• Topic 14. Flexible Budgets and Performance Analysis
• Topic 15. Standard Costs and Variances
• Topic 17. Responsibility Accounting Systems
• Topic 16. Pricing Products and Services

Assessment Elements

• In-class activity
  Written/Oral/SmartLMS. Individual or in small groups, in-class. Questions, exercises, discussions, presentations, trial tests, games.
• Midterm Test
  The midterm test is performed in the automatic verification format - SmartLMS. Individual, in-class, closed-book. Duration: 80 min.
• Final Exam Test
  The final exam test is performed in the automatic verification format - SmartLMS. Individual, in-class, closed-book. Duration: 80 min.

Interim Assessment

• 2023/2024 2nd module
  0.25 * In-class activity + 0.5 * Final Exam Test + 0.25 * Midterm Test

Bibliography

Recommended Core Bibliography

• Collis, J. (2015). Management Accounting. [N.p.]: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1525045
• Financial accounting : international student edition, Libby, R., 2023
• Managerial accounting : international student edition, Garrison, R. H., 2024
• Weygandt, J. J., Kieso, D. E., & Kimmel, P. D. (2017). Financial Accounting (Vol. Tenth edition). Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639274

Recommended Additional Bibliography

• BPP Learning Media (Firm). (2016). Foundations in Accountancy : Practice & Revision Kit: FFA, ACCA: Paper F3: Financial Accounting: for Exams From 1 September 2016 to 31 August 2017: Vol. Fifth edtion. BPP Learning Media.
• BPP Learning Media (Firm). (2017). Foundations in Accountancy FMA : ACCA Paper F2: Management Accounting: for Exams From 1 September 2017 to 31 August 2018 (Vol. Sixth edition). London: BPP Learning Media. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1522341

Authors

• Leevik Iuliia Sergeevna
• Afanaseva Ekaterina Aleksandrovna