Deepening minor: Accounting Skills
Let's face it: everyone is affected by accounting numbers. This course focuses on the technical side of accounting and takes the mystery out of the numbers.
|Name of minor:||Accounting Skills|
|Offered by:||Rotterdam School of Management, Erasmus University (RSM); department of Accounting & Control|
|Other programmes which are contributing to the minor:||not applicable|
|Access:||See admissions matrix|
This course is designed to help you develop a profound understanding of the concepts and techniques underlying financial statements. This is of course a very pragmatic and non-glamorous goal, especially compared to other minors offered. Nevertheless, we believe that a focus on techniques and skills may be exactly what you need to complement the rest of your studies. Especially since understanding financials is essential for any career. The most effective way to learn concepts is by working exercises and problems, so this course involves a lot of textbook cases and additional assignments.
After following this minor, students will be able to:
- appreciate the role of accounting and financial reporting within the business, and how this key function should be run
- demonstrate an understanding of the fundamental principles that underpin accounting
- understand the double entry system for assets, liabilities and capital
- prepare ledger accounts
- prepare a trial balance
- prepare a final set of financial statements for both incorporated and unincorporated entities
- apply double entry principles to a large range of bookkeeping and accounting problems, such as associated companies, consolidations, (deferred) tax, impairments and disposal of PP&E
- calculate performance measures based on accounting information.
This minor is a pre-requisite for post-master education in accounting (f.e. Register Accountant). Students should have a good command (both oral and written) of the English language.
Maximum number of students that can participate in the minor: not applicable
Minimum number of students that can participate in the minor: 10
To be announced
Lectures and tutorials
Woods, Frank and Alan Sangster, Business Accounting Part 1 and 2. Custom edition, available on campus only. Further details to be announced. Additional materials (to be announced).
Measuring class contribution:
The final grade consists of the following elements:
- written closed-book exam: 60%
- assignments: 20%
- individual participation during lectures and tutorials: 20%
To pass this course, the exam grade has to be at least 5.5, and the average grade of grading elements b, and c also has to be at least 5.5. In other words, students cannot compensate for a failed assignment/participation grade (exam grade) by scoring a higher exam grade (assignment/participation grade).
Dr. Rui Shen
Phone: 010 - 408 19646