Accounting

Subject	Accounting
Semester	2nd semester (spring)
Type	Required
ECTS	9 ECTS
Study programme:	Business studies (undergraduate)
Primary language:	Slovene
Lecturer	Kocina, Luka

Introduction
The course will be conducted in the Slovene language and is a required course in accordance with the officially approved curriculum in the postgraduate study program Business Studies. During the course the student learns the basic concepts of accounting, financial statements and accounting reports. The emphasis is on the importance of modern organized accounting, preparation and monitoring of financial statements from a theoretical and practical point of view.

Preconditions
Students need to understand the basic concepts of company, business, management and economics as reflected in secondary school curricula. The subject requires the use of basic mathematical techniques. Students must have sufficient knowledge of the Slovene language so that they can communicate with lecturers and students, follow the lecture and understand the study materials that will be provided during the course.

Goals
1. To present students the importance of accounting in the financial statements (balances) of legal     entities;
2. Substantive perception of the importance of accounting in financial reporting;
3. To teach students to read the company's basic financial statements;
4. Develop the ability to interpret basic and other accounting reports;
5. To understand the importance of financial reporting;
6. Develop the ability to use accounting in practice.
 
Competencies

• The ability to understand the incurred events and their impact on the relevant financial statements;
• Ability to understand the main aggregate items in the balance sheet, the income statement, the cash flow statement are the statement of changes in equity;
• Ability to read typical aggregates of economic categories shown in these financial statements;
• Ability to understand the substance of the comparison between the planned economic categories created in the financial statements;
• The ability to reasonably integrate relevant economic categories;
• Ability to comprehend the content of accounting for the most typical business events.

Learning outcomes
After passing the exam, the student will be able to:
• use basic knowledge of company accounts;
• understand the impact of business events on company accounts;
• to know possible theoretical and practical solutions of the accounting system;
• to know possible theoretical and practical financial reporting solutions;
• use analytical skills to make valid conclusions.

Syllabus
1. The importance of the financial statements
2. The basic financial statements, balance sheet and profit and loss account,
3. Basic economic categories: assets, liabilities, incomes, costs, expenses, receipts and expenses, taxes,
4. Interpretation of financial statements (balance sheets)
5. Basic components of modern accounting
6. Organization of modern accounting
7. Accounting products (accounting reports)
8. The importance of bookkeeping
9. Accounting monitoring of operations with the basics of double-entry bookkeeping

Forms of work
• teacher explanations
• independent and individual work of the students

Method of work
• explanation
• conversation / debate
• case study
• solving a task

Evaluation system and criteria
Knowledge testing are consists of three elements: 1) Seminar work; 2) On-course work; 3) Exam. For a positive assessment, at least 50% of all points must be collected.
 
Learning and study material

• Robnik, Lidija. 2020. Računovodstvo – elektronski učbenik. Ljubljana: Fakulteta za management in pravo.
• Slovenski računovodski standardi. 2016. Ljubljana: Inštitut za revizijo.

Sources

1. Kodeks računovodskih načel in kodeks poklicne etike računovodje. Ljubljana: Zveza računovodij, finančnikov in revizorjev Slovenije, 1995.
2. Slovenski računovodski standardi. Ljubljana; Slovenski inštitut za revizijo, 2015.
3. Zakon o gospodarskih družbah (ZGD-1), Ur. l. RS št. 42/2006 in spremembe.

Office hours

• After courses
• By agreement