| Learning objectives |
To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors:
- Read, understand and examine the data in an annual report.
- Fully comprehend the accounting equation and double
entry-accounting
- Understand the difference between cash and accrual
accounting.
- Prepare financial statements from the source data based on
accounting transactions.
- Develop financial ratios for a company and analyze the
information content of these measures to make sound business
decisions.
- Understand the critical role of ethics in providing decision
useful accounting information.
|
| Examination |
|
Accounting:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam on CBS'
computers |
| Individual or group exam |
Individual exam |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
Spring |
| Aids |
Limited aids, see the list below:
The student is allowed to bring - Non-programmable, financial calculators: HP10bll+ or Texas BA
II Plus
- Language dictionaries in paper format
The student will have access to - Advanced IT application package
At all written
sit-in exams the student has access to the basic IT application
package (Microsoft Office (minus Excel), digital pen and paper,
7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows
Media Player). PLEASE NOTE: Students are not allowed to communicate
with others during the exam :
Read more about exam aids and IT application
packages here |
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
|
| Course content and structure |
- 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 practical examples, mini-cases and the
annual reports of various companies.
Relation to a Business or an Institutional Setting: Class
discussions are focused around multinational companies in different
industries – both European and US. The course textbook has many
good examples from US business life, which will be contrasted
against their European peers.
Relation to International Business or Economics: The core theme of
the course is the financial accounting within multinational
corporations. The relationships between parent company and
subsidiaries are emphasized in group accounting and through the
consolidation process.
|
| Teaching methods |
| The teaching sessions comprise lectures and class
discussions as well as practical exercises. Problems and exercises
are at times given 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 sessions
there are workshops to work through more extensive financial
reporting and accounting problems and to when required review the
most important points of the lectures through supplementary
exercises, and thus prepare students even better for the final
examination. |
| Feedback during the teaching period |
| The course is supplemented by a blended learning
approach through the use of CengageNOW. This online platform
provides continuous feedback, on the exercises and tests carried
out, covering all learning objectives in the book. In addition
lectures and workshops will provide extensive opportunities for
questions and answers. Students are also encouraged to take full
advantage of staff office hours to engage in advancing
comprehension of the course objectives. |
| Student workload |
| Teaching Sessions |
42 hours |
| Workshops |
13 hours |
|
| Expected literature |
|
Introduction to Financial Accounting,10th edition,
(Norton & Porter)
See more at:
http://catalogue.pearsoned.co.uk/educator/product/Financial-Accounting-Global-Edition-International-Financial-Reporting-Standards/9780273777809
Articles/Case material (links will be provided at
LEARN, students can then download as pdf file through the CBS
library)
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.
This is a sample of the literature that will be used. A
comprehensive reading list can be found in the course plan that
will be published on CBS Learn before classes
begin.
|
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