Formation/Cours

At the end of the course, you are expected to:
– explain what accountants and auditors do
– understand the logics and mechanisms of financial statements
– be able to read financial statements
– work with rigor and precision in producing (common) journal entries and editing financial statements
– understand how the reporting behavior of managers might be influenced by the reporting environment with all its different financial statement users
– master the appropriate techniques and actions in the accounting process

his first-year Bachelor course aims at introducing and mastering the basic commands of financial accounting. Financial accounting is all about registering business activity trhough recording transactions on a daily basis, and at the end of each period, summarizing financial statements are published. These statements are read by different users with often different objectives, so understanding the mechanisms and rules that underly these statements is very important.
The course is designed so that students will be able to make journal entries and build and interpret the main financial statements. Topics that are covered are: financial statements from an economic point of view, the financial statement environment, links between balance sheet, income statement and cash flow statement, recording of common business operations, inventory, depreciation,…