International Accounting - spec: Accounting & Taxes

1. Financial statements and their elements – Financial statements and their elements – presentation – IAS 1, IAS 3, IAS 5, IFRS 1, IFRS 10 - 2 h

2. The recognition of revenues and revenues’ accounting IFRS 15, IAS 18 – 1 h

3. Types of receivables- typical receivables operation , bad debts, aging of receivables – IAS 36 - 2 h

4. Inventory (Stocks) and its accounting - - IFRS 2 - 2 h

Cost of inventories, methods of inventories’ valuation, cost of goods sold and its accounting

5. Intangible Assets IAS 38 – 1 h

6. Fixed assets and depreciation - IAS 16; IFRS 5 - 2 h

7 . Equity and methods of external financing – 2 h

-bank credits and its recording – IAS 23

- leasing and its recording – IAS 23

- capital Stock

8 Financial instruments – IFRS 7, IFRS 9 – 1 h

9. Accounting vs Financial Reporting – 2 h

Student has a basic knowledge of the Financial Reporting Standards and International Accounting Standards ,