Lesson1
22 Sept

Introduction to firms, value creation, money

What is a firm
History, Types of firms, Example
Production of information

Lesson 2
29 Sept

The need for an accounting system

Personal accounting
The beginning of double-entry accounting
Money and value, Bill of exchange, Draft
Cash vs value accounting

Lesson 3
6 Oct

Recording and posting transactions

What is a transaction
Debtors and creditors
Accounts
Debits and credits
The journal, the ledger

Lesson 4
13 Oct

The trial balance

Exercises by students
Balances of accounts
Types of transactions: consumptions vs lasting values
The Trial balance

Lesson 5
20 Oct

Year-end adjutments
Income Statement
Balance Sheet

Adjustments for stocks
Unrecorded consumptions
- Amortization
- Provisions
Prepayments and accruals
The Income Statement and the Balance Sheet

Lesson 6
27 Oct

Income Statement
Balance Sheet

Exercises by students
Interpretation of the BS
Two ways to record purchases and inventories

Lesson 7
3 Nov

Inventory
General principles

Stock valuation methods:
Fifo, Lifo, others
General principles of accounting

Lesson 8
10 Nov

A complete exercise

A complete exercise
Exercises by students

Lesson 9
17 Nov

Accounting over several years

Two ways to record Sales and COGS
First cycle and following cycles
Accounting over several years

Lesson 10
24 Nov

Ratios

ROCE and other ratios
Liquidity
Value of a firm

Lesson 11
1 Dec

Cash flow statement

Reconciling value movements and cash movements

Lesson 12
8 Dec

General review

Exercises by students