 2016 - 2017 | |||||||||||||||||||||||||||||
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| 1011-2500-01 | Accounting for Economists | ||||||||||||||||||||||||||||
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| FACULTY OF SOCIAL SCIENCES | |||||||||||||||||||||||||||||
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University credit hours: 2.0
Course description
THE COURSE INTRODUCES THE BASIC PRINCIPLES OF ACCOUNTING THEORY AND PRACTICE, EMPHASIZING THE SOLE-PROPRIETORSHIP FORM OF BUSINESS; THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) VS. THE INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS); THE FITTING OF FINANCIAL STATEMENTS BASED ON ACCOUNTING PROCEDURES TO ECONOMIC PRINCIPLES, WITH AN EMPHASIS ON THE DIFFERENCE OF CALCULATING PROFIT AS DEFINED BY THE ACCOUNTANT AS OPPOSED TO THE ECONOMIST; STUDYING AND ANALYZING THE BASIC FINANCIAL REPORTING STATEMENTS ; PROFIT AND LOSS STATEMENT, BALANCE-SHEET, STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY, AND CASH-FLOW STATEMENT.