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Kyiv National Economic University named after Vadym Hetman

  1. Faculties»
  2. Faculty of Accounting and Tax Management»
  3. Departments»
  4. Department of Аccounting and Consulting»
  5. Bachelor Degree Courses»
  6. Compulsory Academic Disciplines»
  7. Financial accounting of liabilities

Financial accounting of liabilities

Course Annotation

The academic discipline "Financial Accounting of Liabilities" encompasses the principles, forms, techniques, and methods of accounting for capital, liabilities, income, expenses, and financial results of an enterprise’s activities. This discipline provides financial information for decision-making regarding the effective operations of a business entity.

Course Objective

The objective of this discipline is to develop in students a comprehensive system of knowledge and practical skills in the methodology of accounting for equity, liabilities, income, expenses, and financial results of a business entity’s activities. Additionally, the course aims to prepare students to generate and provide financial information to various users for the development, justification, and decision-making regarding the efficiency of a business entity's operations.

The task of the Discipline

The key objectives of the discipline are:
  • Mastering professional accounting terminology.
  • Understanding the regulatory and legal framework governing the accounting of a business entity's activities' equity, liabilities, income, expenses, and financial results.
  • Studying the recognition, valuation, and classification of business operations' equity, liabilities, income, expenses, and financial results for accounting purposes.
  • Gaining knowledge and skills in the documentation process for transactions related to an enterprise's equity, liabilities, income, expenses, and financial results.
  • Acquiring skills in the methodology of recording business transactions related to equity, liabilities, income, expenses, and financial results of a business entity in the accounting system

The Subject of the Discipline

The subject of this academic discipline encompasses the methodological principles of accounting for equity, liabilities, income, expenses, and financial results of a business entity, as well as the changes occurring in them as a result of business transactions.
The essence of the financial accounting of liabilities is revealed through its objects, specifically the accounting of equity, liabilities, income, expenses, and financial results of an enterprise’s activities.