INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2015-2016

SYLLABUS
Code Name Level Year Semester
BAF 206 Financial Accounting Undergraduate 3 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 2 129 English

Instructor Assistant Coordinator
Elvisa Buljubašić, Senior Teaching Assistant Elvisa Buljubasic Sanel Halilbegović, Assist. Prof. Dr.
[email protected] [email protected] no email

This course introduces students to the principles, concepts, and applications of financial accounting. Students are exposed to the process by which financial transactions and events are recorded, and will learn how to compile and interpret basic financial statements.

COURSE OBJECTIVE
To ensure that students are able to analyze a company’s financial statements and come to a reasoned conclusion about the financial situation of the company.

COURSE CONTENT
Week
Topic
  1. Financial Statements: Balance sheet, income statement, statement of cash flow and statement of retained earnings
  2. Recording and analyzing business transactions
  3. Accrual accounting and income
  4. Internal control and cash
  5. Short term investments and receivables
  6. Plant assets and intangibles - part 1
  7. Plant assets and intangibles - part 2
  8. Midterm exam
  9. Liabilities - short term and long term liabilities - part 1
  10. Liabilities - short term and long term liabilities - part 2
  11. Payroll and value added tax
  12. Stockholders equity
  13. Cash flow statement - part 1
  14. Cash flow statement - part 2
  15. Preparation for final exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Presentation
    • Problem solving
    • Assignments
    Description (%)
    Method Quantity Percentage (%)
    Quiz220
    Homework55
    Midterm Exam(s)130
    Final Exam140
    +Participation15
    Total: 100
    Learning outcomes
    • Prepare a balance sheet, income statement, statement of changes in equity, and a statement of cash flows using both the indirect and direct method
    • Describe the system of accounting standards and principles
    • Account for short term investments and receivables
    • Account for the purchase, depreciation, and derecognition of tangible and intangible long-term assets
    • Analyze financial statements
    TEXTBOOK(S)
    • Harrison and Horngren. (2008). Financial Accounting, 7th edition. Pearson International Edition.
    • Mehmed Jahic. (2009). Financial Accounting. 2nd edition. Libertas Sarajevo.

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)122
    Preparation for Midterm Examination12020
    Preparation for Final Examination13030
    Assignment / Homework/ Project31030
    Seminar / Presentation 0
    Total Workload: 129
    ECTS Credit (Total workload/25): 5