Financial Accounting I

Major: Accounting and Taxation
Code of subject: 6.071.00.O.052
Credits: 6.00
Department: Accounting and Analysis
Lecturer: Vysochan Olha Olehivna
Semester: 4 семестр
Mode of study: денна
Learning outcomes: As a result of studying the module the student must: - know the essence of the objects of financial accounting of assets and understand their role and place in the economic activity of the enterprise; - have methodological tools for financial accounting of economic activities of enterprises; - understand the peculiarities of the practice of financial accounting of enterprises of different organizational and legal forms of management and types of economic activity; - be able to solve complex specialized problems and practical problems during professional activities in the field of financial accounting or in the learning process, which involves the application of theories and methods of economics and is characterized by complexity and uncertainty; - be able to display information about business transactions of business entities in financial accounting, systematize them, summarize them in reporting and interpret to meet the information needs of decision makers
Required prior and related subjects: prerequisite: Accounting (general theory), Business Economics co-requisite: Financial accounting II
Summary of the subject: Fundamentals of financial accounting. Accounting for fixed assets and other non-current tangible assets. Accounting for intangible assets. Accounting for long-term financial investments. Accounting for long-term receivables. Inventory accounting. Accounting for low-value and perishable items. Accounting for work in progress and finished products. Accounting for cash and current financial investments. Accounting for payments to buyers and customers and other current receivables. Accounting for enterprise costs
Assessment methods and criteria: Current control (30%): oral examination, work in practical classes, test tasks in a virtual learning environment Final control (70%): exam (written and oral component)
Recommended books: 1. Височан О.С. Фінансовий облік: навч. посібник / О.С. Височан, О.О. Височан. – 2-ге вид., переробл. і доповн. – Львів: Видавець: ПП Сорока Т.Б., 2017. – 450 с. 2. Верига Ю.А. Фінансовий облік: навч. посібник / Ю.А. Верига, Т.В. Гладких, М.М. Орищенко. – К.: ЦУЛ, 2019. – 438 с. 3. Фінансовий облік: підручник / Я. Д. Крупка, З. В. Задорожний, Н. В. Гудзь та ін. – 4-те вид., доп. і перероб. – Тернопіль: ТНЕУ, 2017. – 451 с. 4. Лисиченко О.О. Фінансовий облік: навч. посібник / О.О. Лисиченко, П.Й. Атамас, О.П. Атамас. – К. : Центр учб. літ., 2020. – 356 с.