Course for international guest/part time students

Faculty

Faculty of Economics

Organization

GTK Department of Finance and Accounting

Code

GTI24AN314EN

Title

Analysis and Controlling

Usual semester

Autumn

Published semester

2024/25/2

ECTS

6

Language

en

Learning outcomes

One purpose of the course is to provide the skills and knowledge necessary for students to analyse, interpret and criticise accounting information. The objective of the module is to build on the knowledge acquired during Accounting I-II. Second, the module also includes an introduction to auditing. The function and procedures are presented, and the different types of audit reports are explained. Finally, the third topic of the course is an introduction to controlling. The management functions and the importance of budgeting are discussed. The tools and usefulness of performance reporting and budgetary control are also covered. Prerequisites: the understanding of financial statements (statement of profit and loss, statement of financial position, the statement of cash flow), basic concepts of accounting Intended Learning Outcomes: On successful completion of this course, students should be able to: demonstrate a systematic understanding of Financial and Management Accounts and Reports, prepare calculations and comment in detail on financial statements data. critically show the limitations of accounting information. choose relevant financial information for internal decision making. Links to Sustainable Development Goals: On successful completion of this course, students should be able to connect topics taught to the SDGs: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all (SDG 4) Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all (SDG 8)

Course content

Key topics: Financial analysis: Concept, usefulness for decision-makers Tools (horizontal, vertical analysis, ratio analysis): calculations and wider interpretations Use of the cash-flow statements for financial analysis 2. External auditing: Objectives of auditing, usefulness for stakeholders Corporate governance, fraudulent financial reporting The process of auditing (planning, executing - procedures, audit reports) 3. Essentials of controlling: Concept, usefulness, role in businesses The role of budgeting, and types of budgets Performance reporting and budgetary control.

Assessment method

Grades offered during the semester: 60-69% satisfactory, 70-84% good, 85-100% excellent Examination grade: 50-54% pass, 55-69%, satisfactory, 70-84% good, 85-100% excellent The current assessment and evaluation requirements of the ELTE GTK apply, which can be found on the GTK TH website under the student's level of training. The principles and ground rules of assessment at ELTE Faculty of Economics for bachelor courses are available at: https://shortest.link/4abz

Bibliography

Dunn, J. (2010) Financial Reporting and Analysis. Chichester: Wiley. Gowthorpe, C. (2021) Business Accounting and Finance. 5th ed. Cengage Learning EMEA Gray, I. and Manson, S. (2015) The audit process. 6th ed. London: Thomson Learning

Programmes of the course