Course aims:

To develop the student’s capacity to make up and use the accounting information at unit level correctly and efficiently
To acquire fundamental knowledge about the aims and methods in the field of accounting;
To know the principles, procedures, and instruments used to reflect accounting transactions and events
To form and open-minded epistemic attitude related to the field of accounting
To develop the professional ration in accounting

Course Entry Requirements:

-

Course contents:

1. Introduction to Accounting. Accounting – definition. Economic information system organisation. The structure of the economic information system. Accounting – main component of economic records. Tasks, functions, and types of accounting. 2. Financial reports and communication of accounting information. Views upon the object of accounting. The fundamnetal equation in accounting. The financial positioning (assets, euities, liabilities). Global result (expenses, income, and results). Rectifying and regulation structures. General principles for accounting organisation General aspects about the accounting method. Accounting method procedures. Principles of accounting method. 3.Accounting information system. Accounting documents (content, justificative documents, document processing in accounting, accounting synthesis documents). Inventory and assessment in the field of accounting. Inventory: concept and stages. The need and moments of assessment in accounting. Re-assessment in the accounting system 4. Double representation of the financial positioning with adjutancy of the balance sheet. Balance sheet definition and characteristics. Presentation of the structure with the balance sheet. Types of balance sheet changes. Previous stages to the setting up of the balance sheet 5. Double entry accounting system. Definition and need of account. Forms of account. Elements of account Account functioning rules. Double entry accounting and sequence of accounts. Accounting analysis of the economic operations and their reflection in the accounting system. Accounting normalisation.

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

- Knowledge and understanding of the fundamental concepts, methods and theories in the field of accounting - Use of fundamental knowledge in order to explain and interpret various types of concepts, situations, processes, projects, etc. associated to the accounting field;

Learning outcomes verification and assessment criteria:

Written exam – 75%; verification during semester – 25%.

Recommended reading:

Cenar I., Fundamentals of Accounting, Didactica Series, Alba Iulia,, 2009, all.
Cenar I., Dilemmas and controversies concerning the heritage and its role on accounting stage, nternational Journal of Academic Research in Business and Social Sciences, Volume 2, Issue 12,, Bucharest, 2012, 2353- 2366.
Cenar I., Guiding Marks Regarding the Reasoning of Scientific Research in Accounting, http://www.upet.ro/annals/economics/pdf/2011/Cenar.pdf, Annals of the University of Petroşani, Petrosani, 2011, 51–58.
Cenar I., Ţico S.E., Financial Accounting Implications of the Clearing/Refunding Operations of the Value Added Tax, Metalurgia International Review, vol XIV, no. 1, Bucharest, 2009, 108-113.
Cenar I., The Accounting Professional and Environmental Management Assumptions, Stakes and Challenges, https://www.upet.ro/annals/economics/pdf/2017/p, Annals of the University of Petroşani, Economics,, Petrosani, 2017, 45 -54.