Financial Accounting

6 July 2022 - 31 December 2024 г.
The course has already started
193 days
Before the end of the enrollment
  • English

    course language

  • 5 weeks

    course duration

  • от 3 до 4 часов в неделю

    needed to educate

  • 1 credit points

    for credit at your university

  • Cost 3 600 Р

    for studying

Dear learners, please note that only part of the materials is available for free viewing. All course materials will be available after certification payment.


This course is designed as an introductory course on financial reporting. Hence, this course requires no prior knowledge of financial reporting. In this course, we will focus on preparing and interpreting information in financial statements, as prepared under International Financial Reporting Standards, or IFRS. Hence, this course could be useful if you want to increase your knowledge about these areas. For each topic, first, we will discuss relevant theory and standards from IFRS. Second, we will discuss how to apply this theory and standards using applied examples. Where relevant, we will supplement these discussions using financial statements published by the Swiss food and beverage company Nestle.


Dear learners, please note that only part of the materials is available for free viewing. All course materials will be available after certification payment. The cost of certification is 3600 rubles.


No prior experience required.

Course program

Module 1. The Financial-reporting System

Module 2. Revenue and Expenses

Module 3. Current Assets and Current Liabilities

Module 4. Non-current Assets, Non-current Liabilities, and Equity – Part 1

Module 5. Non-current Assets, Non-current Liabilities, and Equity – Part 2

Module 6. Cash-flow Statement

Education results

Upon completion of this course the learners will achieve the following learning objectives:

1.1. Understand the purpose of financial reporting

1.2. Explain the type of information included in financial reports

1.3. Explain the principles and concepts that financial reporting under International Financial Reporting Standards is based on

2.1. Explain the difference between revenue and cash inflows and between expenses and cash outflows

2.2. Recognize revenue and expenses under accrual accounting

2.3. Recognize revenue under IFRS 15

3.1. Apply the criteria from IAS 1 used to determine whether an asset or liability is classified as current or non-current

3.2. Apply the standards under IFRS for recognition and measurement for inventory, trade receivables, and short-term investments

3.3. Apply principles related to recognition and measurement for trade payables

4.1. Apply IAS 16 for PP&E and IAS 38 for intangible assets

4.2. Apply IAS 36 for impairments of PP&E and intangible assets

4.3. Interpret items in the financial statements related to PP&E and intangible assets

5.1. Recognize interest expense on long-term debt using the effective-interest method from IFRS 9

5.2. Recognize different types of events that involve equity

5.3. Present equity accounts on the balance sheet and statement of equity

6.1. Calculate and present cash flows from investing activities and cash flows from financing activities

6.2. Calculate and present cash flows from operating activities, using the indirect method and direct method

6.3. Prepare a statement of cash flows

Formed competencies

The course is aimed at the formation of general learning competencies for Bachelor’s and Specialists’ programs, as well as other competencies included in the education program.

Education directions

Отзывы о курсе

Downing Jeffrey

Position: Associate Professor at the Graduate School of Management


It is possible to get a certificate for this course.

The cost of passing the procedures for assessing learning outcomes with personal identification - 3600 Р.

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