ACCOUNTING AND BUSINESS ADMINISTRATION - 1

The first module of Accounting and Business Administration presents a thorough and systematic introduction to contemporary principles and practices of managing. It focuses on the basic roles, skills and functions of management, with special attention to managerial responsibility for effective and efficient achievement of goals. Special attention is given to organisation culture, planning and decision-making, and controlling. Each week we’ll focus on different aspects of the managerial process, its inherent issues, problems, and solutions. The textbook chosen for this course offers an excellent assembly of text, real life illustrations, personal surveys, and case studies.

What students can expect to learn after attending this course:
- what are the tasks, processes and context of managerial work in organizations
- what are the main theoretical perspectives on management and how they relate to each other
- what are the cultures and contexts within which managers work and how to analyze them
- what are the factors shaping the work in international context
- what are the dilemmas of ethical and responsible behavior that managers face in organizations
- what is planning and how it can be used for achieving the goals
- how managers make decisions
- how the design of control and measurement systems can help organizations meet their goals

Additional Learning Requirement (ALR) Mathematics:
First-year students cannot take any exam in the business, economic or quantitative area if they have this ALR (Additional Learning Requirement) pending.
Second - or later-year students cannot take any exam at all if they have this ALR pending

There are no formal prerequisites for this course.

The first module of the course focueses on:
1. Managers and managing
2. The Evolution of Management Thought
3. Values, Attitudes, Emotions and Culture
4. Ethics and Social responsibility
5. Managing in multicultural and global environment
6. Decision-making
7. Planning and strategizing
8. Functional strategies for competitive advantage
9. Managing organizational structure and culture
10. Organizational control and change
11. Motivation and performance

The second module of the course focuses on the production of economic information for external communication and its regulation in a global context.
1. Accounting in Business
2. Accounting for Business Transactions
3. Adjusting Accounts for Financial Statements
4. Accounting for Merchandising Operations
5. Inventories and Cost of Sales
7. Accounting for Receivables
8. Accounting for Long-Term Assets
9. Accounting for Current Liabilities
10. Accounting for Long-Term Liabilities
11. Corporate Reporting and Analysis
12. Reporting Cash Flows
13. Analysis of Financial Statements
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IFRS conceptual framework and specific IAS/IFRS standards

The main reference for the course is Arkhipova, D. "Accounting and Business Administration. MODULE 1" (McGrawHill CREATE) based on “Contemporary Management“ by Gareth R. Jones and Jennifer M. George, McGraw Hill; 12th edition, (2024).
Additional materials will be distributed by the course instructor via moodle platform.

The final grade for the entire course is calculated as an average between grade for Module 1 and grade for Module 2.
Module 1 is evaluated based on oral exam. To be admitted to the oral exam of Module 1, you first need to pass the written exam of Module 2. In order to pass the entire course, you need to pass both modules.

written and oral

The grading system (how the grades will be assigned) for both attending or non-attending students is as follows:
A. scores in the 18-22 range will be awarded in the presence of:
- sufficient knowledge and ability to understand applied in relation to the programme;
- sufficient ability to apply knowledge and understanding and judgment;
- sufficient communication skills, especially in relation to the use of specific language relating to the subject;
B. scores in the 23-26 range will be awarded in the presence of:
- good knowledge and ability to understand applied in relation to the programme;
- good ability to apply knowledge and understanding and judgement;
- good communication skills, especially in relation to the use of specific language relating to the subject;
C. scores in the 27-30 range will be awarded in the presence of:
- excellent knowledge and ability to understand applied in relation to the programme;
- excellent ability to apply knowledge and understanding and judgment;
- excellent communication skills, especially in relation to the use of specific language relating to the subject.

The teaching format for this course will include frontal lectures and class discussions.

There will be also 5 practical sessions during the 1st period conducted by the teaching assistant. The purpose of the practice sessions is to identify and/or make connections between theoretical concepts and the real life experience of managers and firms. During practical sessions, students will be asked to read and discuss case studies and participate in team-based management simulations. . Please check the moodle page of ACCOUNTING AND BUSINESS ADMINISTRATION - PRACTICE 1 for more details.