Financial and Managerial Accounting
Course for the Master’s Level
Course description
The course provides a decision-maker perspective on accounting and finance with the goal of helping students develop a framework for understanding financial, managerial, and tax reports
First part of the course covers the following topics: Accounting Concepts, Principles, Bases and
Policies; Double Entry Accounting, Secondary Books, Trial Balance and Final Accounts.
Management or managerial accounting is used by managers to make decisions concerning the day-to-day operations of a business. It is based not on past performance, but on current and future trends, which does not allow for exact numbers. This part of the course includes the following topics: Introduction to management Accounting; Financial Statement Analysis; Funds and Cash Flow Analysis; Costing and Budgetary Control.
Course objectives
After the course completion students should know
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Business transactions and double entry bookkeeping
 Reconciliation and preparing the trial balance
The nature and purpose of cost and management accounting
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How to record and classify costs
 How to use spreadsheets
How to make decisions involving alternative choices.
Assessment
The student’s performance in the FMA course will be evaluated on the basis of the following:
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Paper analyses, essays, individual tasks on selective topics (30%).
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Participation in lectures and practice sessions including answers to questions, case study, discussions, short presentations of homework exercises or reading assignments (30%).
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Course project (40%).
Main reading
Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso. Financial & Managerial Accounting, 2nd
Edition. Wiley, 2014/