Financial Accounting for IB

Uitgebreide vaknaam	Financial Accounting for IB
Leerdoelen	Upon completion of the course the student is able to: 1. Identify business transactions that affect the financial position of an organization 2. Analyze business transaction according to the rules of double entry 3. Distinguish accrual accounting based on revenues and expenses from cash accounting based on receipt and expenditures 4. Translate the effect of business transactions concerning different assets and liabilities as well as revenues and expenses into a balance sheet and income statement 5. Prepare the statement of cash flows from balance sheet and income statement items 6. Apply the basic techniques of analyzing financial statements with ratio analysis 7. Identify the major stakeholders involved in the production and dissemination of accounting information.
Omschrijving	Financial accounting provides a vital service by supplying information that decision makers need to make reasoned choices among alternative uses of scarce resources in the conduct of business and economic activities. To that end, accounting measures business activities by recording data about them for future use, by processing them to useful information and by communicating them to decision makers through financial reports. The topics in this course are the administration and processing of various financial transactions, the preparation of the accounts (balance sheet, income statement, cash flow statement) and the analysis and interpretation of the financial performance and financial position of companies.
Uren per week	5
Onderwijsvorm	-hoorcollege ,  -practicum,  -werkcollege
Toetsvorm	-groepsopdracht,  -schriftelijk tentamen (open vragen),  -tussentijds tentamen (open vragen) (Group assignment(s) and intermediate exam with open questions)
Vaksoort	propedeuse
Coördinator	dr. C.A. Huijgen
Docent(en)	dr. A.R. Abbasi , S. Gebraiel, PhD. ,drs. D.J.J. Heslinga ,Dr. N. Hussain , J. Offerein, MSc. , S. Rusanescu, PhD. , student-assistants , S. Wang
Verplichte literatuur	Titel Auteur ISBN Prijs Financial Accounting*, 2018, Custom Edition, Cengage Learning OR Powers, M., B.E. Needles 9781473762879 ca. €  79,00 Financial Accounting*, 2012, 11th edition, Cengage Learning Powers, M., B.E. Needles 9781111525545 ca. €  79,00
Entreevoorwaarden	Admittance to BSc IB.
Opmerkingen	Secretary: I.J. Bakker, phone +31 (0)50 363 3535, e-mail i.j.bakker@rug.nl Coordinator: Dr. C.A. Huijgen, e-mail c.a.huijgen@rug.nl, phone +31 (0)50 363 7206
Opgenomen in	Opleiding Jaar Periode Type BSc International Business/IB  (basisprogramma BSc IB) 1 semester I b verplicht