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IESEG School of Management ( IÉSEG )

Class code :



Level Year Period Language of instruction 
International MBA1S1English
Academic responsibilityDL.MCALEER


As an introductory internatioanl accounting course that includes recording of business transactions, the accounting cycle, and reporting of transactions through preparation of financial statements no prior knowledge of accounting is required.

Learning outcomes

1. demonstrate an understanding of basic accounting terms, concepts and principles
2. adjust accounts and complete the accounting cycle
3. discuss various methods of accounting for inventory
4. determine the cost of plant assets through different depreciation methods
5. compare and contrast US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS)
6. . understand the basic functions and philosophies of the key finacial statements
7. synthesize accounting theory and analysis in applied business and industry scenarios
8. enhance their understanding on how to evaluate a company’s liquidity, solvency, cash flow, asset productivity, profitability, competitiveness, and other critical financial factors.

Course description

It is often stated "accounting is the language of business." This course provides an introduction to this global language. One must understand accounting to function effectively in today's international world. Further, one must develop an understanding of the ethical and regulatory environment of accounting to respond to diverse business decisions and situations.

Although some students do specialize in accounting and other quantitative diciplines, even those that do not will find their skills strengthened by being able to work with and explain the meaning and limitations of accounting information. This course will also help prepare students for employment in any business field because accounting is the worldwide language of business.

Class type

Class structure

Type of courseNumbers of hoursComments
Face to face
Interactive class24,00  
Independent study
Group Project10,00   Group project
Estimated personal workload41,00  
Total student workload75,00  

Teaching methods

  • Interactive class
  • Case study


Select a publicly traded company and provide me with the name no later than the second class.

Based on the accounting and financial information of this company, construct a comprehensive analysis based upon the matters we covered during the semester. The report should conclude with a business decision to either recommend or not recommend this company as an investment. In addition, your report should also contain an explanation of the rationale underlying your business decisions including an analysis the following financial metrics: balance sheet, income statement, cash flow statement, work-in capital, net income, gross margin, stockholder’s equity, risk, leverage, profitability analysis, return on investment company current events and external market conditions

Type of controlDurationNumberPercentage break-down
Continuous assessment
Individual Project10,00150,00
TOTAL     100,00

Recommended reading

  • Title: Accounting Principles - Authors: Weygandt, Kieso, Kimmel - Publisher: John Wiley - Edition: 11th - Date Published: January 2013 -

* This information is non-binding and can be subject to change
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