Aims

The registration and analysis of financial information are essential competences for business students. Reliable financial information is the basis for numerous business decisions to be taken by various internal and external stakeholders of the organization (e.g. current and/or future shareholders, management of the organization, financial institutions, creditors, etc.). 

This course is designed to provide students with a broad, basic knowledge of financial accounting.  Students must be able to apply double-entry accounting and to record correct entries for common commercial and financial transactions, transactions concerning current assets, including corresponding end-of-period adjustments.

In this course, the following key objectives are (partially or fully) realized:

• Understands basic theories, basic terms, and basic concepts of each management domain, in particular with respect to the financial, operational, commercial and organisational activities, and applies them when solving (business) economics problems.
• Can apply correct journal entries within the system of double entry bookkeeping based on supporting documents and using a chart of accounts. 
• Has insight into the current financial reporting regulations and applies them to register financial transactions.
• Has insight into accounting law and corporate financial statements and applies it when registering common commercial and financial transactions, transactions concerning current assets, including year-end adjustments. 

The position of the course in the framework of the learning objectives of the programme can be found under the section “Objectives” of the “Bachelor of Business Engineering (Brussels)”.

Previous knowledge

No prior knowledge is required for this course.

Identical courses

This course is identical to the following courses:
Y05150 : Accounting A
HBA39C : Financial Accounting A
HBH87E : Accounting A

Is included in these courses of study

• Bachelor of Business Engineering (Brussels et al) 180 ects.