Finance and Accounting

Duration

60h Th, 25h Pr

Number of credits

Lecturer

Giuseppina Capodici, Wilfried Niessen

Language(s) of instruction

French language

Organisation and examination

All year long, with partial in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

0. Introduction 1. The company. 2. The fundamental principles of double-entry bookkeeping. 3. The operating cycle. 4. The inventory operations : assessment of the stock value - depreciation - amortization - provisions - revenues and expenses cut-off. 5. The final operations. 6. The long-term operations of the balance sheet. 7. The short terme operations of the balance sheet.

Learning outcomes of the learning unit

Financial statements help accounting give a financial picture of the company, a picture whose reliability will always be relative and can only be assessed in regards to the type of assessment rules used, and the information needs of economic partners.
On completing the course, students will be able to:
- identify the accounting principles applying to a given situtation and explain the underlying mechanisms;
- encode supporting documentation pertaining to current and inventory transactions;
- use an accountancy software programme to encode the aforementioned documents;
- fill in synthesis documents (balance, balance sheet, profit and loss accounts, appendices etc.)  
 

Prerequisite knowledge and skills

None

Planned learning activities and teaching methods

The course curriculum essentially consists of the lecturer's explanations and illustrations of the theory and of the exercices solved in the tutorials.
In addition, optional exercice sessions are given by student tutors. 
The students are assigned a group work project consisting in encoding accounting documents using an accountancy software programme. 
A training test will be held during the year to help students:
- study the curriculum on a regular basis;
- assess their own comprehension of the curriculum; 
- acquaint themselves with the type of examinations questions and of assessment criteria. 
Consultation sessions are organized on a weekly basis. 

Mode of delivery (face to face, distance learning, hybrid learning)

The course will be divided up into units in which presentations will be made, supported by transparencies and illustrated by concrete examples from business life. Students are provided with the following educational aids: a real-life [?] book with most transparencies used in class, a compendium of exercises which students might prepare for tutorials, and a group workshop based on actual documentation. All these supports are available from the lola platform.
 

Organisational adjustments related to the current health context

The courses, the practical work as well as the provision will be made by videoconference (as far as possible) or by podcast.
The January exam will be face-to-face if sanitary conditions allow. In the event of an unfavorable change in the health situation:
- or, a remote examination will be organized if the technical and educational conditions allow it;
- or, if the technical and educational conditions do not allow it and under the landscape decree (for annual courses), the exam will not be organized during the January session. However, the course will be subject to further evaluation when the health situation permits.
Students are required to regularly consult the announcements made via lola.

Recommended or required readings

- CAPODICI G. et NIESSEN W., "Comprenez votre comptable", Edipro, 2019. - Les éditions de PACIOLI, http://www.ipcf.be.

Assessment methods and criteria

Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.

Any session :

- In-person

written exam ( multiple-choice questionnaire, open-ended questions ) AND oral exam

- Remote

written exam ( multiple-choice questionnaire, open-ended questions )

- If evaluation in "hybrid"

preferred in-person


Additional information:

HYBRID EVALUATION
- Suppression of orals.
- Exam : This exam will consist of two parts:
* Part 1: MCQ: REMOTE 
- June MCQ for everyone which will cover all the material covered during the year as well as group work and the Equisis software.
- Catch-up multiple choice questions only for students who did not obtain 10/20 in the January exam (unrounded score). This MCQ will focus on the material covered in the first quadrimester.
* Part 2 : Exercise: PRESENTIAL   The registration for the exam (MQC+ exercise) is compulsory.  


EVALUATION IN NORMAL SITUATION

• January assessment : written examination
• June assessment : written examination, oral examination and group work during the year. The oral exam will take place only if the score of the written examen and the group work is higher or equal to 6/20. August assessment : idem, the note of the group work is not taken into account anymore.
   
  The overall score in the 1st session is made up of : the January rating (or that obtained by catching up in January during the June oral)
• the rating of group work
• the June rating (written + oral)

• for the January partial exam,
• for the written and oral exam in June,
• for the written and oral exam in August.

Work placement(s)

Organizational remarks

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Contacts

Teaching Assistants office (office 302) HEC-Ecole de Gestion de l'ULg Rue Louvrex, 14 (Bât. N1) - 4000 Liège
CAPODICI Giuseppina Tél.: +32 4 2327263 Email : Giuseppina.Capodici@ulg.ac.be
HERMAN Magali (local 302) Tél : +32 4 232.72.59 magali.herman@ulg.ac.be
RIFFON Véronique (Office 304) Tél : +32 4 2327340 Veronique.Riffon@ulg.ac.be
DEPRAETERE Pauline Tél : +32 4 2327298 Pauline.Depraetere@ulg.ac.be