Part 1	Financial Accounting
	by Dag Smith and Rune Lönnqvist

The basic concepts in management accounting and the company's situation in terms of income, balance and liquidity.

Income and balance statements

• the income concept
• the relationship between income and balance statements
• the valuation of assets and its impact on income
• shareholders equity

Accounting

• double entry bookkeeping
• annual accounts

Statements of changes in financial position Financial ratios Course material:

• Textbook (102 pp.)
• Twenty-seven exercises with solutions
• Four cassette tapes with approx. 5.5 hours of comments on the exercises.