If the Specialization includes a separate course for the hands-on project, you’ll need to finish each of the other courses before you can start it. An adjusting journal entry occurs at the end of a reporting period to record any unrecognized income or expenses for the period. Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS. In the example above, the consulting firm would have recorded $1,000 of Consulting Revenue when it received the payment. Even though it won’t actually perform the work until the next month, the cash method calls for revenue to be recognized when cash is received. When the company does the work in the following month, no journal entry is recorded because the transaction will have been recorded in full in the month prior.

  • We accept the Apolytirion along with either 2 A-Levels or 2 Pan-Hellenic subjects.
  • Most graduates pursue a career in banking, finance, consultancies, or seek further study and research.
  • Recent projects include nominal group structure for a multinational engineering firm, and developing a funding strategy for a Sheffield-based capital investment programme.
  • University College Birmingham works with a wide range of organisations to ensure you receive the best possible training and qualifications recognised by industry.

On the MSc Finance & Accounting degree programme you will study core modules to build your foundation in business, and then shape your own elective and project portfolio to suit your personal academic and career ambitions. Accounting is the recording, maintaining, and reporting of a company’s financial records. Accounting professionals work for individuals, in-house at corporations, or on behalf of other businesses at a public accounting firm . These professionals are responsible for ensuring that all financial transactions are correctly entered into the general ledger, that account balances are correct, and that financial statements are accurate. Asian Journal of Finance & Accounting is an internationally refereed journal published twice annually in June and December. The Journal is dedicated to the development, promotion and understanding of finance and accounting in their widest sense.

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Financial accounting is the widely-accepted method of preparing financial results for external use. Financial accounting is the set of rules used to compile a company’s financial statements. Alternatively, cost accounting is a range of accounting techniques used to analyze financial performance and drive smarter decision-making. Financial accounting is the basis for externally-shared financial statements; cost accounting is not an allowable basis for financial statements. Though other methods such as cost accounting may provide better insights, financial accounting can drive strategic concepts if a company analyzes its financial results and makes reactionary investment decisions. Financial accounting creates a standard set of rules for preparing financial statements.


Identification and utilization of appropriate statistical and econometric tests for interpretation of financial information. CG8 Ability to make judgements that involve ethical reflection upon fundamental issues of a social, economic and financial nature in a representative context for society at the international as well as local level. New students should be interested in understanding the financial and business world and be capable of abstract reasoning.

How do I apply?

His research in management accounting focuses on understanding how firms can use incentives and feedback to improve performance. This specialization uses a series of homework, quizzes and an optional Excel spreadsheet to help learners gain a more comprehensive understanding of essential concepts of corporate finance and accounting. The coursework introduces bookkeeping fundamentals, accrual accounting, cash flow analysis, and more!