Are you already studying business, or planning to study business soon? Are you planning to open a business of your own? Then you definitely need to know how to prepare financial statements and how to read the information in those statements for decision making. This course has three objectives: (a) how to prepare financial statements: Income Statement, Balance Sheet, and Cash Flow Statement; (b) how to read the financial statements; and (c) how to record transactions in accounting software to get things done electronically. Under (a) we will follow basic accounting principles and book-keeping techniques to prepare financial statements. Under (b) we will analyze the statements to learn how to look at the numbers from owners%E2%80%99, managers%E2%80%99, or creditors%E2%80%99 points of view. We will perform comparative analysis between firms using liquidity, efficiency, profitability, and leverage ratios. We will also learn how to use the DuPont Analytical techniques in analyzing a firm%E2%80%99s financial statement. Under (c) we will be familiar with accounting software (www.twinfield.com).Target group are those:%E2%80%A2%09Who are planning to study business soon%E2%80%A2%09Who are in business or planning to open a business%E2%80%A2%09Who studied accounting before but things are not clear yetWe will follow problem based learning (PBL) to make sessions interesting and enjoyable. We will emphasize on %E2%80%9Clearning by doing%E2%80%9C and work on various problems and exercises. Expected achievements: After completing the course you should be able to:1.%09Record transactions in General Ledgers, prepare Trial Balance and Financial Statements2.%09Analyze the financial statements to see the company%E2%80%99s strengths and weaknesses.3.%09Perform DuPont Analysis to see the situation of a firm from different perspectives4.%09Realize how to use software to perform accounting function in real world.Planned sessions:Day one: Accounting: Principles and Procedures1.%09Forms of Business Organization: sole proprietorship, partnership, limited company and corporations2.%09Basic Accounting Equation3.%09Recording transactions following double entry system4.%09Preparing Trial Balance5.%09Rigorous practice (individual and groups)Day two: Preparing Income Statement and Balance Sheet1.%09What is and how to record Adjusting Entries2.%09Preparing Income Statement3.%09Preparing Balance Sheet4.%09Rigorous practice (individual and groups)Day three: Financial Statement Analysis: Basics1.%09Preparing Cash Flow Statement2.%09Rigorous practice (Group work with practical problems)3.%09Mini-test to test progress4.%09Review of mini-test questionsDay four: Financial Statement Analysis I5.%09Preparation of Common-sized Statement6.%09Perform liquidity, profitability, efficiency, leverage ratios7.%09Introduction of DuPont Analysis (Group work with practical problems)Day five: How Accounting is done in practice using Accounting Software1.%09Introduction of Twinfield Accounting Software (www.twinfield.com)2.%09Demonstration of how to post entries in the system3.%09Demonstration of how to extract financial report from the software4.%09Analyzed relevant facts and figures5.%09Course evaluation and final assessment (multiple choice questions)

Course leader
Dr. Golam Robbani

Fee info
EUR 400: Course fee

Scholarships
Not available.

Maastricht University + Maastricht School of Management
Address: Student Service Centre, Bonnefantenstraat 2 P.O. Box 616
Postal code: 6211 KL Maastricht
City: Maastricht
Country: Netherlands
Website: http://www.maastrichtuniversity.nl/summerschool
E-mail: summerschool@maastrichtuniversity.nl
Phone: +31433885295