Accounting

Accounting is an information system that collects and processes economic information about assets, liabilities and shareholder equity. Accounting reports this information in financial statements. The purposes and functions of accounting. Measurement of assets, liabilities and shareholder equity. The internal structure of assets, liabilities and shareholder equity. How to measure the net income. The assessing of liquidity, solvency and effectiveness. Financial statements.

Make students familiar with:

1. attributes, principles, concepts and functions of accounting,

2. informative possibilities of accounting,

3. Polish and foreign accounting law regulations.

Literatura podstawowa:

(1) Harrison Walter T., Horngren Charles T., Thomas William C., Tietz Wendy M , Suwardy Themin, Financial Accounting, Global Edition, Pearson Education, 2019.

(2) Rafał Grabowski, Fundamentals of Financial Accounting, Warsaw School of Economics, 2015.

Literatura uzupełniająca:

(1) J.J. Wild, K.D. Larson, B. Chiappetta, Fundamental Accounting Principles, McGraw-Hill/Irwin, 2010;

(2) A. Britton, Ch. Waterson, Financial Accounting, Prentice Hall 2012.

Wiedza:

Student should be able to describe methods and principles of accounting.

Student should be able to define and sort the components of balance sheet.

Student should be able to define and sort the components of profit and loss statement.

Umiejętności:

Student should be able to use language of accounting.

Student should be able to read and interpret financial statements.

Student should be able to measure the income.

Kompetencje społeczne:

Student should know how to use accounting information for making economic decisions.

Student should be familiar with the basic rules of accountant's profession ethics.

egzamin testowy: 50.00%

ocena z ćwiczeń: 50.00%