BUDAPEST BUSINESS SCHOOL COLLEGE OF FINANCE AND ACCOUNTANCY- FINANCE DEPARTMENT 1149 BUDAPEST, BUZOGÁNY ST. 10-12. / FAX: +36-1-4696697 SYLLABUS Financial Accounting II. 2nd year Autumn Term Course title: Financial Accounting II. Course code: Status: Contact hours: 2+2 Credits: 5 Prerequisites: Passed exam on Financial Accounting I. Course unit leader: Madarasiné Dr. Szirmai Andrea Office number: A 114 e-mail address: szirmai.andrea@pszfb.bgf.hu Kakuk Béla Tutor(s): Aims and objectives This course is closely related to the course of Financial Accounting I. and based on the knowledge obtained in that course. The aim of this course to deepen the knowledge and improve the capability of the students to be able to prepare the whole financial statement of an economic entity. Learning outcomes - Understand the whole process of preparation of financial report Ability to calculate the maximum amount of dividend. Ability to close the accounts Ability to prepare financial report 1 Course description During this course, students are expected to gain the knowledge of preparation of financial statement. Course schedule Consultations (semester weeks) 1. week 2. week 3. week 4. week 5. week. 6. week 7. week 8. week 9. week 10. week 11th – 12th 13th 14th Topic - Reading of Financial Statements and General ledger - Provision - Equity - Year-end valuation and Calculation of payable dividend - Reading the Financial Statements and General ledger - Practice - P&L transactions - Preparation of P&L Statement with different methods - How to close the books? Types of financial reports - Practice of preparation income statement, balance sheet involving the closing tasks - Notes to the financial statements - Annual report - Audit - Publish the financial report Special reports Course policies Students are invited for compulsory attendance on the lectures. Assignments 1. 2. 3. 4. Oral assignments in the class: different topics and examples will be set to the student in the classes to answer and solve them. Oral and written homework based on accounting articles from the internet Written exams: 1 written exams at the end of the semester. Oral exam: from Introduction into accounting until Financial Accounting II. if the student passes his written exams. The issues of the oral exam will be sent to the students in the beginning of the semester. 2 Assessment and grading The final mark will be composed of the 4 assignments mentioned above. Grading: the points (percentages) corresponding to marks from 1-5. 0-60% Fail (1) 61-69% Pass (2) 70-79% Satisfactory (3) 80-89% Good (4) 90-100% Excellent (5) Compulsory readings - Robert Hodge: Accounting (ISBN139781844808052, Publisher Cengage Learning, London, March 2008) - 2000. C: Act on Hungarian Accounting (English version) Recommended readings - Pauline Weetman: Financial Accounting Publications, book can be found in the library: topic: financial accounting (Before start to use it, talk to the lecturer) www.accaglobal.com http://www.accaglobal.com/members/publications/accounting_business/ http://www.articlesbase.com/accounting-articles/ http://news.surfwax.com/accounting/ http://www.suite101.com/accounting http://www.accountancyage.com/ http://www.accountancymagazine.com/croner/jsp/CronerZoneChannel.do?cache=false&c hannelId=-305535 3