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2012/2013  BA-HAS_FIAC  Financial Accounting

English Title
Financial Accounting

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Third Quarter
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc in Service Management
Course coordinator
  • Caroline Aggestam Pontoppidan - Department of Accounting and Auditing
Caroline Aggestam Pontoppidan
Main Category of the Course
  • Financial and management accounting
Last updated on 03-09-2012
Learning objectives
After having completed the course students should be able to:
  • Read, understand and examine the data in an annual report, herunder the key components in the financial statement.
  • Fully understand the difference between cash and accrual accounting.
  • Prepare financial statements from the source data based on accounting transactions.
  • Understand the critical role of ethics in providing decision useful accounting information.
  • Develop financial ratios for a company and analyze the information content of these measures to make sound business decisions.
Students not enrolled in BSc in Business Administration & Service Management must document a level in English equal to TOEFL 575, and A level in mathematics equal to Danish level B
Financial Accounting:
Type of test Written Exam
Marking scale 7-step scale
Second examiner External examiner
Exam period Spring Term
Aids Please, see the detailed regulations below
Duration 4 Hours
• The written exam takes place on CBS computers
• Graphs can be written by hand
• Aids: Open book, but please note:
• Students have access to their personal files (S-drive on CBS network)
• Students do NOT have access to Internet, Site Scape/ LEARN, and other services from CBS (except their personal S-drive on CBS network)
• Students are not allowed to bring personal electronic devices to the exam, except a non-programmable calculator.
• Re-take examinations and make-up examinations are subject to the same regulations as the ones noted above
Course content
  • Accounting as a form of communication
  • Financial statements and Annual Reports
  • Double-entry bookkeeping
  • Cash basis and accrual basis of accounting
  • Inventories and Cost of Goods Sold
  • Cash, receivables and short term investments
  • Fixed Assets (Tangible & Intangible)
  • Goodwill
  • Current Liabilities, Present Value, and Long-term liabilities
  • Shareholders’ Equity
  • Cash Flow Statements
  • Financial Statement Analysis
  • A Case Study in Financial Accounting

Course aim:
Students learn to develop their understanding of financial accounting via reference to the annual reports of various companies. References are made to the different sections of an annual report and compared to a few others in various industries throughout the sessions. Towards the end of the course a case study is introduced in order to help students apply the acquired knowledge of financial statement analysis to a hypothetical company.

Teaching methods
14 sessions of lectures of each 3 class hours each and workshops.

The sessions comprise lectures and class discussions. Problems and exercises are set for homework and to be included as a part of class discussions. Various mini case problems are considered, whereby students are expected to analyze and interpret the accounts of a company under certain conditions. In addition to the lecture sessions there are planned workshops to review the most important points of the lectures through supplementary exercises, and thus prepare students even better for the final examination.
Student workload
Classes 30 hours
Workshop/ Excercises 12 hours
Preparation for class 179 hours
Examination 4 hours
Expected literature

Introduction to Financial Accounting, International Edition 7the, by Curtis L. Norton and Gary A. Porter, Cengage, ISBN-13: 9780538743716 and ISBN-10: 0538743719

Notice: All course powerpoints are also considered to be relevant for the exam and thus a part of the course syllabus.

Please note, minor changes may occur. The instructor will upload the final reading list to LEARN two weeks before the course starts.

Last updated on 03-09-2012