Accounting I

COURSE OBJECTIVE
You will learn to apply various accounting concepts in order to order and assess different situations and scenarios (Academic and Research Skills). You will also learn how to order financial information with the aim of assessing management decisions. You will learn the basics of various kinds of accounting methods and techniques to meet the differing information needs of stakeholders (Bridging Theory and Practice-knowledge). Cases studies will train you how to apply the acquired skills and knowledge (Bridging theory and Practice - application). In addition, you will learn that Accounting is not static- it is being affected and influenced by current affairs, changing norms and values, and new insights (Broadening your Horizon).

After having finished Accounting I you can:
- explain the difference between Financial and Managerial Accounting;
- explain what type of information management of a company needs in order to make decisions;
- analyze and interpret financial information; - explain how the most important accounting methods are applied in practice;
- explain how the core financial statements are construed and how the relate to each other;
- explain the difference between various information objectives and the consequences of these differences.

COURSE CONTENT
Accounting I emphasized the importance of accounting information for businesses. You will learn that there are various kinds of users of information - with their own specific needs and demands for information. You will also learn that there are several accounting mehtods and techniques to meet these information demands.

TEACHING METHODS
- Lectures
- Tutorials

TYPE OF ASSESSMENT
- Midterm (multiple choice)
- individual assessment.
- Final exam (open assignments and multiple choice)
- individual assessment.