Elements of Accounting

During the course basic accounting issues will be studied. This includes foundations, techniques (double-entry) and basic items of the financial statements such as: inventories, property, plant and equipment, receivables - payables, intangible assets, revenue recognition, etc. Some basic but more complex accounting issues will also be included (provisions, events after the reporting date, etc.) The course is not designed to explain a specific set of accounting regulation. During the course ? where it is needed ? the IFRSs are used as illustration and sometimes the Hungarian rules are explained.

Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi.