Accounting

Subject	Accounting
Semester	2nd semester (spring)
Type	compulsory
ECTS	9 ECTS
Study programme:	Economics / 1st Bologna cycle
Primary language:	Slovene
Lecturer	Kocina, Luka

Introduction
The course is delivered in Slovenian and is a compulsory course in accordance with the officially approved curriculum of the undergraduate study programme in Business Studies.
 
Prerequisites
Students must understand the basic concepts of business economics, company operations and management. The course requires the use of basic mathematical techniques. Students must have a sufficient command of Slovenian to communicate with lecturers and fellow students, to follow the lectures and to understand the study materials provided during the course.

Content (Syllabus outline)

1. The importance of financial statements
2. The two basic financial statements, the balance sheet and the income statement,
3. The fundamental economic categories: assets, liabilities to sources of assets, revenues, costs, expenses, receipts and expenditures, taxes,
4. Interpreting financial statements
5. The fundamental components of contemporary accounting
6. The organisation of contemporary accounting
7. Accounting products (accounting reports)
8. The importance of bookkeeping records
9. Bookkeeping monitoring of operations with the fundamentals of double-entry bookkeeping

Objectives and competences
To present to students the importance of accounting and of the financial statements of legal persons; A substantive appreciation of the importance of accounting and accounting reporting; To teach students to read the fundamental financial statements of companies; To develop the ability to interpret the fundamental and other accounting reports; To familiarise students with the importance of accounting reporting; To develop the ability to apply knowledge of accounting in practice.

Intended learning outcomes
Competences The ability to understand the business events that arise and their impact on the relevant financial statements; The ability to understand the main aggregate items in the balance sheet, the income statement, the cash flow statement and the statement of changes in equity; The ability to read the typical aggregates of economic categories presented in the aforementioned financial statements; The ability to understand the substantive significance of comparisons between planned and realised economic categories in the financial statements; The ability to connect the relevant economic categories meaningfully; The ability to grasp the content of the accounting recording of the most typical business events that arise. Learning outcomes Having passed the examination, the student will be able to: apply basic knowledge of the financial statements of companies; understand the impact of business events on the financial statements of companies; know the possible theoretical and practical solutions of the accounting system; know the possible theoretical and practical solutions of accounting reporting; apply analytical skills in order to draw valid conclusions.

Learning and teaching methods

Forms of work

Frontal teaching

Independent and individual student work

Methods of work

• explanation
• conversation/debate
• case study
• solving tasks

Assessment

Assessment consists of three elements: 1) a seminar paper; 2) ongoing work; 3) an examination. To pass, at least 50% of all points must be obtained.

Readings

• Viri
• Zakon o gospodarskih družbah (ZGD-1), Ur. l. RS št. 42/2006 in spremembe.
• Slovenski računovodski standardi. 2024. Ljubljana: Slovenski inštitut za revizijo. https://pisrs.si/pregledPredpisa?id=DRUG5283

Office hours

• After lectures
• By arrangement