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F7AMSZU - Fundamentals of Accounting

Code Completion Credits Range Language
F7AMSZU KZ 2 2P+2S English
Lecturer:
Tutor:
Supervisor:
Department of Biomedical Technology
Synopsis:

The subject provides students with the fundamentals of accounting, principles of accounting management and accounting terminology. The aim of the subject is to introduce the field of accounting, to acquaint the students with the meaning of accounting and its place in the system of an organization management. To teach the student show to work with the basic concepts of accounting and legal regulations related to accounting.

Requirements:

Final classification is based on the overall summary of points acquired within the semester.

The points can be gained through the following activities:

- check test in the sixth seminar, max of 15 points,

- seminar activities, max of 35 points,

- assessment test, max of 50 points (min of 50% is required – minimum number of points from the credit test is 25 points).

Assessment is based on the ECTS scale.

Maximum of 2 missed seminars are allowed.

Syllabus of lectures:

1. Concept of accounting, its meaning and functions. Obligations of an accounting entity. Legislature. Forms of keeping business records.

2. An account, principle, form, types. Double-entry and correlation. Turnovers and account balance. Balance sheet accounts.

3. Result accounts. Costs and revenues accounting.

4. Accounting of short-term financial assets.

5. VAT and its accounting. Inventory accounting.

6. Accounting of long-term assets. Depreciation accounting.

7. Accounting of employees and social security and health insurance institutions.

8. Billing of medical procedures to health insurance companies.

9. Specifications of semi-budgetary organizations accounting.

10. Account records, ledgers, forms of accounting, techniques of accounting. Corrections of account record, closing financial statement.

Syllabus of tutorials:

1. Concept of accounting, its meaning and functions. Obligations of an accounting entity. Legislature. Forms of keeping business records.

2. An account, principle, form, types. Double-entry and correlation. Turnovers and account balance. Balance sheet accounts.

3. Result accounts. Costs and revenues accounting.

4. Accounting of short-term financial assets.

5. VAT and its accounting. Inventory accounting.

6. Accounting of long-term assets. Depreciation accounting.

7. Accounting of employees and social security and health insurance institutions.

8. Billing of medical procedures to health insurance companies.

9. Specifications of semi-budgetary organizations accounting.

10. Account records, ledgers, forms of accounting, techniques of accounting. Corrections of account record, closing financial statement.

Study Objective:
Study materials:

[1].A. R. JENNINGS. Financial accounting. 2nd ed. London: DP Publications, 1993. ISBN 9781858050096

[2].WALTHER, Larry M. Basics of Accounting & Information Processing: The Accounting Cycle. Bookboon, 2010. ISBN 978-87-7681-583-7.

Note:
The course is a part of the following study plans:
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