Accounting and Financial reporting

Ects : 4

Enseignant responsable :


Description du contenu de l'enseignement :
The aims of this module is to:

  • Prepare double entry accounts up to trial balance
  • Explain the system of recording financial transactions;
  • Explain and carry out the main accounting concepts and adjustments;

  • Prepare the financial statements for a single entity.
  • To provide an understanding of the accounting standard setting process
  • To provide an introduction to the various regulatory bodies that currently exist and the existing regulatory framework
  • To introduce the range of international accounting standards currently in issue
  • To introduce students to key issues in the preparation of group financial statements
  • To provide an understanding of how the presentation of group financial statements are regulated by companies acts and accounting standards
  • Read and interpret the documents according to specific accounting standards (French and IFRS)

Compétence à acquérir :
By the end of this module, students will have demonstrated:
  1. Prepare accounting entries using double entry bookkeeping; (KCPT)
  2. Prepare the Income Statement and the Statement of Financial Position from a Trial Balance; (KCPT)
  3. Prepare the Cash Flow Statement; (KCPT)
  4. Prepare consolidated balance sheet for listed companies ; (KCPT)
  5. Prepare consolidated income statements for listed companies ; (KCPT)
  6. Apply IFRS in the preparation of the above Financial Statements ; (KCPT)
  7. Critically evaluate the purpose and objectives of the regulatory bodies and the regulatory framework. (KCPT)