Theory and Policy of Balance Sheets

In accordance with generally accepted accounting principles, recognize and evaluate the accounting categories: incomes, expenses, assets, liabilities and equity. Compile financial statements and through their analysis evaluate the financial performance and position of the reporting entity.

Управљачко рачуноводство и Ревизија

After passing the exam, students will be able to prepare and analyze financial statements and understand the different balance sheet policies and their impact on pre-determined goals of companies.

Concept, content and type of balance; The goals of financial statements, users and qualitative characteristics of financial statements; Principles of orderly bookkeeping, inventory and inventory methods; Principles of orderly accounting, tasks and conditionality of principles; Valuation of the elements of financial statements; Recognition and valuation of assets; Recognition and valuation of liabilities; Recognition and valuation of equity; Recognition and valuation of income and expenses; Hidden losses and latent reserves; Financial statements in accordance with International Accounting Standards 1; Basics of the balance sheets analysis; Balancing policy; Specificities in the financial reporting of banks and other financial institutions.

Through interactive lectures, students will gain knowledge and understanding, while the ability to analyze and solve problems will be achieved by working in groups and case studies organized in exercises.

Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Ranković, R. (2008). Balance Sheet Theory. Belgrade: Faculty of Economics; Rodić, J. (1991). Theory and Analysis of Balance Sheets. Belgrade: Faculty of Economics; Škarić, J. K. (2007). Financial Accounting. Belgrade: Faculty of Economics; International Accounting Standards / International Financial Reporting Standards.