They keep a set of books that is both organised and tidy, setting their business up with invoice software and online bookkeeping, managing their own annual tax returns. There are of course many people who choose to handle their business accounting themselves. But, is it really necessary? learning Accounting for business owners Can I Learn Accounting Myself?įor a lot of people who are self-employed, they use an accountant for the job. In the future when you expand you will need to pay your staff correctly and most importantly you will need to pay them on time.Īsides the payroll, there is tax that you need to work out and pay, as well as your obligations to the National Insurance and your pension providers. Not only will you need to ensure you are making enough money to pay yourself but anyone who you owe money to. It comes with a wide range of responsibility, including the financial side of the business. So, is it necessary to employ an accountant or can you do it yourself? Hence, learning group dynamics is a positive (and important) side effect of this course.When you are self-employed you are responsible for all aspects of your business, including the financial ones. You will also present your own results, ask questions, mention doubts and express your ideas in the class discussion. You are expected to present pieces of the literature and to prepare for in-class discussions. Hence, this course also aims at building a critical view on any empirical results presented to the student.Īctive participation in and a strong commitment to this course are a prerequisite. Therefore, we will analyze, discuss and criticize the methodology used in the empirical research. The course covers some theoretical and legal issues, but its main focus is on empirical research and insights. This seminar provides you with an opportunity to gain a deeper understanding about what good corporate governance is and why it matters. We will discuss the relevance of this problem and its implications for the ownership structure of the firm and for a firm's ability to obtain outside financing.Īgainst this background, we will discuss corporate governance laws and codes, the role and composition of the board of directors, executive compensation, the design of financial securities, mergers and acquisitions, and shareholder activism. Depending on the legal environment, there might be many ways to do this. The controlling shareholder might try to tunnel money from the firm into her own pocket and thereby to expropriate minority shareholders. The second conflict of interest emerges between controlling shareholder and minority shareholders. We will discuss this problem and its two main solutions: monitoring by a big shareholder and incentive contracts that give the managers a share in the value they created for the firm. They could try to use the firm's funds for their own interests, or to build an empire that is big but unprofitable. While shareholders usually want to see a high return on their investment, managers might have a different agenda. The first is the conflict between shareholders and the firm's management. 60% Critical discussion and evaluation of accounting theory and practiceĬorporate governance analyzes two conflicts of interest that arise in the financing of the firm.You will work on your thesis individually, under close supervision by a member of our academic staff. The final block of the programme is devoted to the master’s thesis. The seminars stimulate critical, independent, and creative thinking and foster your argumentation skills. You will cover seminal accounting topics and discuss recent developments in the field. In each of the seminars, you will be expected to write and present several papers, present aspects of the literature or case applications, and actively participate in in-class discussions. If the specialisation of your choice is Accounting and Control, you will take the Management Control seminar, while you follow the Corporate Governance seminar if you enroll in the Accounting and Finance specialisation. Two seminars focus on data analytics and financial accounting research, while the third seminar deepens your knowledge in the specialisation that you have chosen.įor example, if you choose the Accounting and Auditing specialisation, you will take the seminar Auditing. The core courses provide you with a solid background for attending the subsequent seminars in which you can deepen and apply your knowledge.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |