Vak: Business Administration 2 credits: 5

In this course the focus lies on recording / administrating the firm’s business transactions and monitoring how the financial position is evolving. This will be done for several subjects like plant assets, natural resources, intangible assets, liabilities, share transactions, dividends, retained earnings and investments. Next, financial reporting is subject of this course. In the first year you learned about the balance sheet, profit and loss statement and cash flow statement as the most important financial reporting instruments. In this course we will build further on this by introducting the consolidated financial statements and a statement of cash flows. Last subject is about analysing the financial statements with using the ratios. This is all done for drafting several financial statements necessary for correctly monitoring the financial position and reporting this to management and the external stakeholders. The financial reporting is in line with the IFRS guidelines. 

The course is build on the textbook 'Financial Accounting with International Financial Reporting Standards' (4th edition) by Weygandt, Kimmel and Kieso.