Evgeny Petrov: Catalogue data in Autumn Semester 2024 |
| Name | Prof. Dr. Evgeny Petrov |
| Address | UZH, IBW Rämistrasse 71 PLM 115 8006 Zürich SWITZERLAND |
| Telephone | 00416341111 |
| epetrov@ethz.ch | |
| Department | Management, Technology, and Economics |
| Relationship | Lecturer |
| Number | Title | ECTS | Hours | Lecturers | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 363-0711-00L | Accounting for Managers  | 3 credits | 2V | H. Chen, E. Petrov | ||||||||
| Abstract | The course Accounting for Managers offers an introduction to financial and managerial accounting, especially for students who aspire for a career in business and management with a science or engineering background. | |||||||||||
| Learning objective | After attending the class, you should be able to: - understand the accounting system, the reporting process, and be able to prepare financial statements - feel comfortable reading and using the information presented in companies’ annual reports - understand cost concepts and conduct cost analyses - become familiar with several classic decisions using managerial accounting information - comment on the current events related to these topics | |||||||||||
| Content | Accounting plays a critical role in the effective functioning of the financial market as well as the long-term success of a company. This course intends to provide an introduction to accounting for those who wish to pursue a career in business, and need the skills and knowledge to understand, analyze, and interpret accounting information to make informed decisions. The course is divided into two parts. In the first part, we focus on financial reporting and start with the basic accounting concepts and the accounting cycle, to learn how the financial system is set up in a company and how financial statements are prepared. We then delve deeper into each major account, and discuss how revenues and expenses are recognized, and how assets, liabilities, and equities are reported. In the second part, we focus on managerial accounting for internal managerial/operational decisions including fundamental topics such as cost behavior, cost estimation, CVP analyses, and relevant costing. We then cover budgeting and standard costing, which are important parts of accounting system in companies. | |||||||||||
| Prerequisites / Notice | This course is a prerequisite for the course Financial Management. | |||||||||||
| Competencies |
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