The aim:
1. To acquaint students with the basic concepts of accounting.
2. To provide knowledge of core financial statements: Balance Sheet, Income Statement, Statement of Cash Flows.
3. To acquaint students with the jounalising assets and liabilities.
4. To acquaint students with the journalizing expenses, revenues and determining net income.

Acquired knowledge:
1. Students have the knowledge of essence and purposes of accounting within bussiness.
2. Students have the knowledge of such basic concepts of accounting as: assetts, liabilities, eguities, accounts, the terms of debit and credit, T-accounts.

Acquired skills:
1. Students are able to prepare basic financial statements.
2. Students are able to perform basic analyses of the financial statements of a corporation.
3. Students are able to journalize basic transactions in accounting.

Acquired social skills:
1. Students understand the role of accounting within bussiness.
2. Students are prepared to make decisions of financial and accounting.
3. Students unserstand the importance of improvement knowledge during the whole life.

Course contents: 
1. Introduction to Accounting (basic concepts of accounting, the role of accounting within business, regulations of accounting in Poland and in the World, IFRS, US GAAP).
2. Core Financial Statements (Balance Sheet, Income Statement, Statement of Cash Flows).
3. Double entry book keeping (accounts, the terms of debit and credit, T-accounts).
4. Fixed assets and intangible assets (depreciation methods).
5. Accounting for current assets (cash and cash equivalents, trade receivables).
6. Current liabilities and payroll (gross pay and deductions).
7. Journalizing transactions related to expenses and revenues.
8. End of period procedures (determination of net income, closing entries).

Recommended reading: 
1. Book-keeping and Accounts , F. Wood, S. Robinson, Pearson Education Limited. 2013.

Additional reading: 
1. Accounting, C. Horngren, W.T. Harrison, M.S. Oliver, Pearson Education Limited. 2012.