LEARNING OUTCOMES
The aim of the course is for students to understand basic concepts of Costing and Pricing of products
and services, as well as rules of Accounting for small and medium enterprises.
Upon successful completion of the course the students will be able to:
- understand the basic principles and rules of Accounting
- get acquainted with the methods and rules of Costing and Pricing of products and services.
- know ways of solving Accounting problems and to use knowledge of Costing and Pricing of products and services
SYLLABUS
Introduction to the basic accounting concepts and practices. Recording, keeping and displaying financial transactions of a company. General principles, concept and distinctions of accounts. Books and facts. The diplographic system. General Accounting Plan. Calendar and General Journal. Balance sheet. Valuation of assets, depreciation and analysis of financial statements. Cost and revenue centres. Sharing cost data. Establishment and solution of partnerships. In-house and out-of-account costing of products and services. Staff costs and payroll statements. Financial cost.