Financial Accounting

Introduction

This is an introductory module to secure that all students have basic knowledge about business fundamentals as accounting and budgeting. The module should provide the students with an insight into general principles for accounting and budgeting. It will also cover specific Chinese accounting practice.

Course content

The major users of financial statements
Assessment methods and accounting models
Chinese accounting practice and legal requirements
Background for the budgeting process
Various sub-budgets
Budgeted statement of income and balance sheet
Cash budget and cash management
Links between the various budgets
The purpose of the financial statement analysis
Financial ratios

Module Schedule
Day 1: Accounting models
Day 2: Chinese accounting practice and legal requirements
Day 3: Budgeting
Day 4: Financial analysis and decision-making