The course builds on Accounting I and expands the material in Financial Accounting and Reporting by examining additional elements of the financial statements in the context of the International Financial Reporting Standards (IFRS).
The aim is to continue the delivery of the necessary knowledge and technical application of general financial accounting principles (within IFRS), as well as the creation of the foundations for understanding the techniques of: Cost Accounting (in the courses of Organisation & Management of Agricultural Holdings I and Organisation & Management of Agricultural Holdings II); Accounting III (study of specific IFRS); and Financing and Financial Analysis of Agricultural Enterprises, both in theory and practice.
Upon successful completion of the course students of the Department of Agricultural Economics and Development will be able to:
– Understand the principles of financial accounting, the financial cycle, recording of transactions and reporting in the: Statement of Financial Position; Statement of Comprehensive Income; Statement of Changes in Equity; Statement of Cash Flows.
– Analyse the requirements of a particular accounting issue and apply the knowledge offered in practice.
– Know and comprehend the appropriate terminology in Financial Accounting as well as the relevant modern reporting approaches.
– Make necessary Journal entries and prepare the relevant financial statements.
Course Layout (EN)
Course Layout (EL)
