Course Code: ACAE12-4 • Study year: II • Academic Year: 2024-2025
Domain: Accounting - Masters • Field of study: Audit and control of economic agents
Type of course: Elective (1 of 2)
Language of instruction: English
Erasmus Language of instruction: English
Name of lecturer: Ionela Cornelia Cioca
Seminar tutor: Ionela Cornelia Cioca
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 56
Number of teaching hours per week: 2
Semester: Summer
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 7

Course aims:

The courseisdesignedtogivestudents an introductiontothemainfinancialreportingstandardsandtodevelop an understanding of theinterpretation of financialstatements, partlythroughunderstandingtheeffects of corefinancialtransactions, readingfinancialreportsandinvestigatinghowfinancialaccounts are preparedandtheaccountingfigures are created.
Thisis a coursethatassumes prior knowledge of accounting.The coursewillexploretheformandfunction of financialreportingandthenature of data used in theproduction of financialstatementsandhowthis data iscollectedandprocessed in thepreparation of financialreports, withreferencetotheunderlyingaccountingconcepts.
The principal focus willberelatedtotheinterpretationanduse of thefinancial data by non-accountingstakeholders

Course Entry Requirements:

Whitebord, markets, standards

Course contents:

  1. Accounting’sprinciples
  2. Balancesheet
  3. Profit andlossaccount
  4. Statement of changes in equity
  5. Cash flowstatement
  6. Notes to the annual financial statements

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:


  • Compare and contrast thefeatures of differenttypes of accountingentity, andbeaware of theimplications of organisationalform on thestructureandnature of financialstatements.
  • Describe, applyandexplainthemeaning of keyfinancialaccountingterms, conceptsandideasandbeabletodiscussandillustratetheimplications of these in relationtoaccounting data andfinancialreports.
  • Discussand evaluate thelimitations of financialreports, ratiosandothertoolsandmethods of financialanalysis. 

Learning outcomes verification and assessment criteria:

Written exam – 50%; verification during semester – 50%.

Recommended reading:

cioca ionela, raportare financiara, seria didactica, alba iulia, 2018, 150.
ceccar, ifrs, ceccar, romania, 2020, 400.
mf, accounting law, mf, romania, 1981, 50.