BUDAPEST BUSINESS SCHOOL
COLLEGE OF FINANCE AND ACCOUNTANCY- FINANCE DEPARTMENT
1149 BUDAPEST, BUZOGÁNY ST. 10-12.
 / FAX: +36-1-4696697
SYLLABUS
Financial Accounting II.
2nd year
Autumn Term
Course title:
Financial Accounting II.
Course code:
Status:
Contact hours:
2+2
Credits:
5
Prerequisites:
Passed exam on Financial Accounting I.
Course unit leader:
Madarasiné Dr. Szirmai Andrea
Office number: A 114
e-mail address: szirmai.andrea@pszfb.bgf.hu
Kakuk Béla
Tutor(s):
Aims and objectives
This course is closely related to the course of Financial Accounting I. and based on the
knowledge obtained in that course. The aim of this course to deepen the knowledge and
improve the capability of the students to be able to prepare the whole financial statement of an
economic entity.
Learning outcomes
-
Understand the whole process of preparation of financial report
Ability to calculate the maximum amount of dividend.
Ability to close the accounts
Ability to prepare financial report
1
Course description
During this course, students are expected to gain the knowledge of preparation of financial
statement.
Course schedule
Consultations
(semester weeks)
1. week
2. week
3. week
4. week
5. week.
6. week
7. week
8. week
9. week
10. week
11th – 12th
13th
14th
Topic
- Reading of Financial Statements and General ledger
- Provision
- Equity
- Year-end valuation and Calculation of payable dividend
- Reading the Financial Statements and General ledger
- Practice
- P&L transactions
-
Preparation of P&L Statement with different methods
-
How to close the books?
Types of financial reports
-
Practice of preparation income statement, balance sheet involving the
closing tasks
- Notes to the financial statements
- Annual report
- Audit
- Publish the financial report
Special reports
Course policies
Students are invited for compulsory attendance on the lectures.
Assignments
1.
2.
3.
4.
Oral assignments in the class: different topics and examples will be set to the student in
the classes to answer and solve them.
Oral and written homework based on accounting articles from the internet
Written exams: 1 written exams at the end of the semester.
Oral exam: from Introduction into accounting until Financial Accounting II. if the
student passes his written exams. The issues of the oral exam will be sent to the students
in the beginning of the semester.
2
Assessment and grading
The final mark will be composed of the 4 assignments mentioned above. Grading: the points
(percentages) corresponding to marks from 1-5.
0-60%
Fail (1)
61-69%
Pass (2)
70-79%
Satisfactory (3)
80-89%
Good (4)
90-100%
Excellent (5)
Compulsory readings
- Robert Hodge: Accounting (ISBN139781844808052, Publisher Cengage Learning,
London, March 2008)
- 2000. C: Act on Hungarian Accounting (English version)
Recommended readings
-
Pauline Weetman: Financial Accounting
Publications, book can be found in the library: topic: financial accounting (Before start to
use it, talk to the lecturer)
www.accaglobal.com
http://www.accaglobal.com/members/publications/accounting_business/
http://www.articlesbase.com/accounting-articles/
http://news.surfwax.com/accounting/
http://www.suite101.com/accounting
http://www.accountancyage.com/
http://www.accountancymagazine.com/croner/jsp/CronerZoneChannel.do?cache=false&c
hannelId=-305535
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