Course topics:

The basic idea, segments and features of the accounting information system. The most important terms and definitions in bookkeeping: assets and liabilities, capital, financial statements, economic events and their effects on the balance sheet. The bookkeeping and the profit and loss statement in theory and in practice. The system of accounts and the accounts framework.

The national and international regulation of accounting system. The financial statement in Hungary. Valuation principles and procedures (defining the acquisition cost and the book value). Valuation models (cost model, revaluation model, fair value model).

Aims:

The aim of the course is to entitle the students with the knowledge of understanding the most important terms of accounting and to introduce the bookkeeping of basic economic events.

Anthony R. – Hawkins D. – Merchant K. (2010): Accounting: text and cases. McGraw-Hill / Irwin 13th edition. Part 1. ISBN 007337959X