Financial Accounting: How to Prepare Financial Statements
|Study location||Netherlands, Maastricht|
|Type||Summer Courses, full-time|
|Nominal duration||1 week (2 ECTS)|
|Tuition fee||€499 one-time|
Enrolled as an Undergraduate student or Undergraduate diploma
The entry qualification documents are accepted in the following languages: English.
Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.
The language of the course is English, so we expect a fluent level and the ability to follow and participate in class.
This course will teach you how to record business transactions following double entry system and how to prepare financial statements—income statements and Balance Sheets similar to the ones reported by famous corporations such as Apple, Google, Microsoft available in www.finance.yahoo.com
After completing this course, students will be able to:
- understand basic accounting principles and book-keeping techniques to record financial transactions
- prepare T-accounts and Trial Balances
- prepare Income Statement and Balance Sheet following IFRS
- perform simple analysis on the financial statements to know the strengths and weaknesses of a firm from the perspectives of managers, shareholders, and bankers
After finishing this course, you will never have problems in determining debits & credits and understanding financial statements of big corporations such as Microsoft, Google, Apple, McDonalds etc.
Who should attend this course?
This course is suitable for:
• Current students of business studies at any level: Bachelors and Masters
• Start-ups and new entrepreneurs who are already managing, or planning to open, a business
• Current and potential investors in stock markets
• Students who have already studied accounting but who would like to refresh their knowledge
Apart from short lectures, we will follow problem based learning (PBL) to make learning sessions interesting, enjoyable, and effective. We will emphasize on “learning by doing“ and working in groups and practicing with problems.
No textbook is required to buy. As a reference, the course will use Weygandt, Kimmel and Kieso: Financial Accounting IFRS Ed. By Wiley.
Class Participation; Quiz; in-class tests; homework; group work (presentation).
Central European Time
Central European Time