Course Code :1101TEWBDK
Study domain:Accountancy & Audit
Academic year:2020-2021
Semester:1st/2nd semester
Contact hours:75
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st and/or 2nd semester
Lecturer(s)Nadine Lybaert

3. Course contents *

This course introduces students to the process leading to the draft of the financial statements. After an introduction is given on the technique of double-entry bookkeeping, and the opening and closing of the accounts, attention is focused on the draft of the statutory financial statements. The legal framework followed here, is the Belgian legislation on accounting of industrial and trading companies. By the detailed discussion of the individual items in the financial statements, each student is able to interpret the figures behind each post in a meaningful way and he / she knows by which process the numbers are generated . A result reported by a company is not an exact and objective figure, but an amount which is the outcome of a series of choices within a legal framework.