The course will introduce the basic concepts and procedures of financial accounting. The student will learn to analyse strategically the financial information that companies display in their Financial Statements. Emphasis will be placed on managerial level ratio analysis and interpretation. This course also includes the basic norms of income- and value added taxation.
All the material handled is based on industry cases to reach the financial thinking behind all business operations. Financial reports will be used as managerial tools.
On successful completion of this course, the student is able to
Calculate revenues and expenses based on operations
Make calculations how operational income is generated
Calculate the cash flows based on operations, investments and financing
Produce and analyze the financial statements: The Income Statement, The Balance Sheet and The Statement of Cash Flows
Calculate the working capital tied in business
Calculate company value added tax and income tax