Theory and Policy of Balance Sheets
Instructor: Јелена Пољашевић, PhD, Full Professor
In accordance with generally accepted accounting principles, recognize and evaluate the accounting categories: incomes, expenses, assets, liabilities and equity. Compile financial statements and through their analysis evaluate the financial performance and position of the reporting entity.
| Code : | О17РТПБ |
|---|---|
| Status: | C |
| Semestar: | 7th |
| Number of classes per week: | 4+3 |
| ЕECTS: | 7 |
| Teachers: |
Јелена Пољашевић,
PhD Full Professor Александра Јандрић, MBA Senior Assistant |
| Prerequisites: | Управљачко рачуноводство и Ревизија |
| Learning Outcomes (gained knowledge): | After passing the exam, students will be able to prepare and analyze financial statements and understand the different balance sheet policies and their impact on pre-determined goals of companies. |
| Subject Contents: | Concept, content and type of balance; The goals of financial statements, users and qualitative characteristics of financial statements; Principles of orderly bookkeeping, inventory and inventory methods; Principles of orderly accounting, tasks and conditionality of principles; Valuation of the elements of financial statements; Recognition and valuation of assets; Recognition and valuation of liabilities; Recognition and valuation of equity; Recognition and valuation of income and expenses; Hidden losses and latent reserves; Financial statements in accordance with International Accounting Standards 1; Basics of the balance sheets analysis; Balancing policy; Specificities in the financial reporting of banks and other financial institutions. |
| Teaching Methods and Learning Activities: | Through interactive lectures, students will gain knowledge and understanding, while the ability to analyze and solve problems will be achieved by working in groups and case studies organized in exercises. |
| Literature: | Ranković, R. (2008). Balance Sheet Theory. Belgrade: Faculty of Economics; Rodić, J. (1991). Theory and Analysis of Balance Sheets. Belgrade: Faculty of Economics; Škarić, J. K. (2007). Financial Accounting. Belgrade: Faculty of Economics; International Accounting Standards / International Financial Reporting Standards. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |