Accounting 1

ECTS: 6
Department: GACO 
Degree level: 1^st year of Bachelor
Teaching contact hours: 30 
Instructor: Martine LAURENT

Learning objectives

By the end of the course, students should be able to:

•  Set up and read a basic balance sheet and income statement;
•  Calculate the profit or loss of the year;
•  Calculate a profit margin ratio and a commercial margin rate;
•  Enter the main transactions of a company in the books.

Course topics

First approach to financial statements: balance sheet and income statement

•  The different readings of the balance sheet;
•  Reading income statement: change in stock, depreciation, margins, profit or loss

First approach to financial statements: balance sheet and income statement

• The different readings of the balance sheet;
• Reading income statement: change in stock, depreciation, margins, profit or loss.

Bookkeeping:

•  Flows, Debit/Credit and Accounts.
•  Invoice calculation.
•  Posting in the journal: Purchases, sales, discounts, VAT …

Teaching method

• Weekly seminars (“TD”): the course is entirely based on case studies. No lectures.
• All answers online, at the end of the class.
• Online quizzes to practice.

Assessment

• Online quizzes                                  1/3
• 1 intermediate exam (2 hours)     1/3
• 1 final exam (2 hours)                      1/3

Entry requirements

• None.