English   Danish

2020/2021  BA-BPOLO2009U  Financial Accouting and Reporting

English Title
Financial Accouting and Reporting

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc i International Business and Politics, BSc
Course coordinator
  • Bjørn N. Jørgensen - Department of Accounting (AA)
  • Caroline Aggestam Pontoppidan - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Blended learning
Last updated on 26-04-2021

Relevant links
Learning objectives
  • Apply the accounting equation and double entry-accounting
  • Explain the difference between cash and accrual accounting
  • Prepare financial statements based on accounting transactions
  • Calculate financial ratios and analyze the information content of these measures
  • Understand the role of ethics in preparing and using accounting information
  • Identify and explain selected components of non-financial reporting provided by companies (GRI, SDGs, etc.)
Examination
The exam in the subject consists of two parts:
Midterm - Financial Accounting and Reporting:
Sub exam weight15%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productPlease see text below
2 hour written home assignment with no page max
Assignment typeWritten assignment
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodSpring
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.
Final exam - Financial Accounting and Reporting:
Sub exam weight85%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productPlease see text below
4 hour written home assignment with no page max
Assignment typeWritten assignment
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodSummer
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.
Description of the exam procedure

The exam is a 4 hour written home assingment
Course content, structure and pedagogical approach
  • 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.

 
Description of the 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 Canvas, students can then download as pdf file through the CBS library)
 
 

 

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 Canvas before classes begin.
Last updated on 26-04-2021