Финансовый учет и отчетность



Olga M. Udovichenko, PhD in Economics,  Associate Professor,

Graduate School of Management, St.Petersburg University



6,0 ECTS

45 contact hours; 150 student work hours





Aim of the Course:

This course focuses on how economic events and transactions are communicated through the financial reporting process.  The aim of the course is to develop your skills as intelligent users of accounting information:


  • Develop knowledge of basic financial reporting concepts and the basics of RAS, US GAAP and IFRS
  • Fundamental reporting concepts
  • Recognition and measurement
  • Certain differences between RAS, US GAAP and IFRS
  • Understand and evaluate basic financial statements
  • How do financial reports communicate information about common commercial transactions/arrangements
  • Understand the basics of the reporting process
  • Role of standards
  • Necessity to apply informed and objective professional judgment in financial reporting


Course Content:


Topic 1: Introduction to Financial Statements

Topic 2: Revenue Recognition

Topic 3: Cash Flow Analysis

Topic 4: Working capital assets and liabilities

Topic 5: Plant, equipment, and intangible assets

Topic 6: Liabilities:  long-term debt and bonds

Topic 7: Liabilities:  leases

Topic 8: Liabilities:  pensions

Topic 9: Liabilities:  accounting for income taxes

Topic 10: Intercorporate Investments: the equity method and consolidation

Topic 11: Acquisition accounting and goodwill

Topic 12: Shareholders equity


Teaching Methods:

Content delivery:

In-class activities - lecture, discussion, exercises

Out-of-class activities - readings, cases, exercises


Application of content:

Team project + presentation Analyses of financial statements


Course reading:

The textbook for this course is  Financial Accounting:  An Introduction to Concepts, Methods and Uses, 13th edition, by Stickney, Weil, Schipper, and Francis.  This textbook integrates the perspective of both U.S. Generally Accepted Accounting Principles, or GAAP and International Financial Reporting Standards, or IFRS


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