Course: Core Areas of International Business 4 credits: 5

Course code
LBVP22CAB4A
Name
Core Areas of International Business 4
Study year
2023-2024
ECTS credits
5
Language
English
Coordinator
F. ten Kate
Modes of delivery
  • Education
Assessments
  • Core Areas of International Business 4 - Computer, organised by STAD examinations

Learning outcomes

Finance Accounting (TWM18): 

From a straight-forward, limited context related to small and medium sized companies the student is able to:     

  • Construct financial statements (income statement, statement of retained earnings, and balance sheet) and calculate the (change in) cash position 
  • Translate financial activities and adjustments into journal entries and t-accounts and prepare an income statement and a balance sheet 
  • Account for the issuance of a bond, calculate its selling price, record the issuance using journals, and use the effective-interest method of amortization 
  • Define, calculate, and interpret financial ratios 

Managerial Accounting (TWM18): 

Within a limited context related to small and medium sized companies the student is able to:    

  • Understand the fundamental management accounting concepts and definitions    
  • Carry out a cost assignment calculation  
  • Prepare a cost-volume-profit analysis    
  • Recommend short term business decisions using relevant concepts    
  • Prepare operating and financial budgets of the master budgets   

PLOs: 

  • TWM18.1 


 

Content

Through this module, students will see that financial accounting and managerial accounting focus on completely different perspectives. Financial accounting focuses on the external perspective, such as financial reporting. Managerial accounting focuses on the internal perspective, such as cost accounting and decision making. This class is essential for all facets of the business to better understand the financial operations of the company. 

Financial accounting will guide students through the accounting cycle to help them understand how to record business transactions; what the adjusting process is; and how to complete the accounting cycle. Various financial statements will be introduced to help students understand the financial health of a business. 

Managerial accounting helps students understand how the product/service cost is calculated; how cost, volume and profits relate to each other; how to create a budget; how short-term business decisions are made; and how the performance evaluation works.  

 

Included in programme(s)

School(s)

  • International Business School
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