Academic year/semester: 2024/25/2

ECTS Credits: 4

Available for: All OU students

Lecture hours: 2
Seminarium:0
Practice: 2
Laboratory: 0
Consultation: 0

Prerequisites: -

Course Leader: Dr. habil Noémi Piricz

Faculty: Keleti Károly Faculty of Business and Management, 1084 Budapest, Tavaszmező utca 17.

Course Description:
Domestic and international accounting. Accounting principles. Accounting policies. Accounting and the accounting information system. Accounting services (accounting services, auditing). Accounting and bookkeeping. Types of financial statements (annual accounts, condensed annual accounts, consolidated annual accounts), characteristics, parts (balance sheet, profit and loss account, supplementary annex, annual report). Types of accounting (single-entry and double-entry accounting under the Accounting Act and the essence of the accounting obligations under other laws), characteristics. Impact of economic events on the balance sheet. Valuation methods and procedures (cost, depreciation, impairment, value adjustments, fair value valuation, valuation of foreign currency items, methods of valuation of depreciation of assets - FIFO, average, determination of value to be entered in the balance sheet). Preparing balance sheets and profit and loss accounts and understanding the relationship between them.

Competences:
-

Topics:
1. General conditions and requirements
Case study
2. Role and Structure of Accounting, Accounting Principles
Stakeholders
3. Accounting Information System
Book-keeping vs Accounting
4. Individual presentations

5. Double Entry System
Stocktaking
6. Valuation tasks for calculation
7. Forms and Methods of Reporting
The Balance Sheet
8. The Company\\\"Cs Assets and Liabilities
Practising the Company\\\"s Assets and Liabilities
9. Accounting Valuation
Depreciation
10. Types and Roles of Costs
11. Analysing accounting documents
12. Summary
13. Individual classroom paper
14. Supplementary paper
Preparations for written exam

Assessment: Number, requirements and dates of mid-term checking of the progress of studies (individual presentation + classroom paper): 1) Individual presentation on week 5 2) Individual classroom paper on week 11 (for passing min requirement: min 30 points) Both individual presentation and classroom paper cannot be fulfilled or repeated in exam period! Requirements on participation on seminars and lectures: The requirements of the Study and Exam Rules are applicable to missed lessons. (During semester three seminars can be missed). It is compulsory to actively take part in seminars and regularly watch the lecture-videos before seminars. Participation is verified by means of an attendance sheet. How marks are given? Option 1 (suggested mark): 1) Individual presentation on week 5: max 40 points 2) Individual classroom paper on week 11: max 60 points points (for passing min requirement: min 30 points) Presentation cannot be fulfilled or repeated in exam period! Option 2 (exam period): Written exam at exam period: max 100 points

Exam Types:

Written Exam

Test Exam

Compulsory bibliography: • Learning material in Moodle • Jerry J. Weygandt and Paul D. Kimmel: Accounting Principles, 12th Edition International Student Version, 2015, Kindle Edition

Recommended bibliography: -

Additional bibliography: -

Additional Information: The lecture is e-learning, the study materials are available in the moodle system.