This course is an introduction to concepts of financial accounting and managerial accounting.
In the first part of the course emphasis is placed on studying the accounting cycle, the balance sheet, the income statement, the statement of retained earnings, and the statement of cash flows.
The second part of the course uses financial and managerial accounting for decision-making, from external and internal perspective, respectively. At the end of this academic term, students will have completed accounting training.
Titular Professors
No prior knowledge is presupposed; The fundamental concepts are introduced from the beginning of the course.
They will be instructed and assisted in:
1) Understanding the importance of accounting practice in the business environment.
2) Understanding the most important accounting principles both from a theoretical as well as from a practical viewpoint.
3) Learning how to record economic events in the business entity on a day-to-day basis by mastering the basic bookkeeping techniques.
4) Preparing the basic financial statements in order to report the business' results.
5) Using financial statements in order to evaluate the company's state of affairs and performance and make decisions.
6) Learning the practical application of cost-volume-profit relationships used to improve corporate earnings by optimizing price and cost structures.
7) Learning the practical application of incremental analysis for optimal use of the company's resources in the short term.
Topics 1 and 2 - Introduction to Accounting and Basic Financial Statements
Topic 3 - The Accounting Cycle: Capturing Economic Events
Topic 4 - Accruals and Deferrals
Topic 5 - Reporting Financial Results
Topic 6 - Merchandising Activities
Topic 7 - Statement of Cash Flows
Topic 8 - Financial Statement Analysis
Topic 9 - Introduction to Management Accounting
Topic 10 - Cost-Volume-Profit Analysis
Topic 11 - Incremental Analysis
The class sessions will consist of one-hour lecture time and two solving problems and group project. The first session will be devoted to solving the homework cases assigned in the previous session and clearing doubts. The second session will be lecture time and solving cases based on the lecture material thus preparing the students for the homework. Lectures will follow closely the structure and content set out in the required textbook.
The qualification of the course will be based on the following academic activities of great importance:
[A] Attendance, work and participation in class – 10% (Individual work)
[B] Continuous assessment – 15% (Individual and/p teamwork)
[C] Group cases – 20% (Teamwork on a project)
[D] Midterm assessment – 25% (Individual work)
[E] Final evaluation – 30% (Individual work)
FINAL GRADE IN THE FIRST CALL:
10%(A) + 15%(B) + 20%(C) + 25%(D) + 30%(E)
Retake Policy in extraordinary call:
[A] Attendance, work and participation in classes - 10% (Individual work)
[B] Continuous Assessment - 10% (Individual and/or team work)
[C] Group Cases - 20% (Teamwork on a project)
[D] Midterm assessment (MIDTERM) - 20% (Individual work)
[F] Retake exam - 40% (Individual work)
FINAL GRADE IN EXTRAORDINARY CALL(S):
10%(A) + 10%(B) + 20%(C) + 20%(D) + 40%(F)
REQUIREMENTS AND EXPECTATIONS
In addition, instructors expect the following from students:
Punctuality
It is important to arrive on time to class, as tardiness generates distractions and disrupts the learning environment. If a student arrives more than 10 minutes late, it will be recorded as an absence and the student will not be allowed to enter until the break. It is also mandatory to return from the break at the indicated time; otherwise, the same rule will apply.
Participation
Participation means being actively involved, not just being physically present. The quality of contributions and the ability to connect with classmates’ comments will be evaluated. Students who do not participate regularly will receive a lower grade in this component. Participation carries an important weight in the final grade and is entirely under the student’s control.
Class Preparation
Students are expected to attend class having completed the readings, exercises, and assignments.Any inappropriate behaviour or disrespect towards classmates or instructors will result in removal from the classroom, and the session will be recorded as an absence.
Mobile Phone Policy
The use of mobile phones is not allowed during class hours. During sessions, making calls, sending text messages, using WhatsApp or any other mobile-related actions is prohibited. All devices must remain turned off and stored in bags, out of sight. In case of non-compliance, the instructor will ask the student to leave the classroom after a first warning. In addition, their name will be reported to the Business Undergraduate Management Team for disciplinary action.
Being Prepared for Each Class
Students are expected to attend class with readings, exercises, activities, and tasks prepared in advance. Students come to class with the intention of learning and working. Those who do not behave properly or who show disrespect towards classmates or the instructor will be asked to leave the classroom, and this will count as an absence for the session.
Meeting Deadlines
It is the student’s responsibility to know the key dates related to the course: continuous assessment deadlines, forum participation, case study presentations, thematic forum participation, exams, etc.
Late submissions of continuous assessment exercises will not be accepted, since after the deadline these exercises are corrected and discussed in class; therefore, submitting them later has no purpose. A continuous assessment exercise not submitted will receive a grade of 0.
A late submission of a practical case will be penalised with a reduction of the corresponding grade→ A presentation submitted late will have a maximum grade of 5 out of 10.
Demonstrating Academic Integrity in All Work
If a student is caught cheating in exams, plagiarising or reusing exercises, activities, tasks, or presentations, or submitting group work in which they did not participate, they will receive a penalty in the final grade.
The student must ensure that the work submitted is their own. They are also responsible for citing all sources used, employing quotation marks when text is taken directly from another author.
You can consult La Salle-URL’s plagiarism policy at the following link: https://www.salleurl.edu/en/copies-regulation
ATTENDANCE POLICY
- Attendance will be recorded at the beginning of each session.
- Justified absences no longer exist; students may miss up to 5 sessions for any reason.
- Starting with the sixth absence, the final grade will be reduced by 5%, and the same reduction will apply for each additional absence.
- If absences continue, the instructor will contact the academic tutor and programme management.
ONLINE ATTENDANCE POLICY
Students will only be allowed to attend online in the following cases:
- Temporary bureaucratic or visa-related reasons.
- Health issues that prevent attendance on campus for at least 5 school days.
If they wish to request permission for online attendance, the student must send a request to their tutor.
USING AI TOOLS
The use of AI tools is totally prohibited in this course.
Level: Level 1
Designation: No AI
Use of AI: The use of AI is not allowed at any stage of the task. The work must be carried out entirely without artificial assistance.
Requirements for the student: Develop the activity completely autonomously, demonstrating their own knowledge and skills, without the support of AI tools.
In subjects or teaching activities that explicitly prohibit the use of AI tools in academic activity, the use of such tools will be considered fraudulent, and the sanctions established in the Copying Regulations will be applied in accordance with the provisions (https://www.salleurl.edu/en/copies-regulation).
Williams, Haka, Bettner, & Carcello. (2018). Financial & Managerial Accounting (18th ed.). New York, NY: McGraw-Hill
Not aplicable