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HU Credits:
0
Degree/Cycle:
1st degree (Bachelor)
Responsible Department:
Accounting
Semester:
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Yuval Granot
Coordinator Office Hours:
After class, by appointment
Teaching Staff:
Yuval Granot
Course/Module description:
Introduction to items in the Financial Statements, registration of Journal Entry for common accounting events, and preparation of Financial Statements.
Course/Module aims:
Introduction to items in the Financial Statements, registration of Journal Entry for common accounting events, and preparation of Financial Statements.
Learning outcomes - On successful completion of this module, students should be able to:
Register basic Journal Entry for common accounting events; Correct mistakes in the account books; Register Journal Entries needed for the date of the financial statements; Know how to deal with accounting issues regarding the subjects learned in the course (see Course Content); Prepare Financial Statements (a statement of financial position, a statement of profit or loss, a statement of changes in equity).
Attendance requirements(%):
80
Teaching arrangement and method of instruction:
lectures and exercises, including home assignments.
Course/Module Content:
1. Introduction
2. Reconciliation of income and expenses
3. Reconciliation with third parties (Banks)
4. Property, Plant and Equipment – IAS 16
5. Inventories – IAS 2 (including allocation of production overheads)
6. Loans
7. Time value of money – discounted cash flows
8. Bonds
9. Equity
10. Preparation of Financial Statements
Required Reading:
International Financial Reporting Standards (IFRS), 2020
Additional Reading Material:
1. Financial Accounting: Theory and Applications: International Standards Era - IFRS, Gila Benisti, Peles 2007 (Volume I and Volume II).
2. New Financial Accounting: IFRS-2020, Shlomi Shuv and Yevgeni Ostrovski, 2018, (Volumes I-IV).
3. The Israeli Accounting Standards Board internet site: www.iasb.org.il
Grading Scheme :
Written / Oral / Practical Exam 100 %
Additional information:
A bonus for attendance is possible
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