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Learning Objectives
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After having completed the course students should be able to:
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Read, understand and examine the data in an annual report
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Fully understand the difference between cash and accrual accounting
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Prepare financial statements from the source data based on accounting transactions.
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Understand the critical role of ethics in providing decision useful accounting information.
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Develop financial ratios for a company and analyze the information content of these measures to make sound business decisions
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Prerequisite
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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
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Examination
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Financial Accounting:
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Assessment
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Written Exam
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Marking Scale
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7-step scale
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Censorship
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External examiners
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Exam Period
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Spring Term
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Aids
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Please, see the detailed regulations below
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Duration
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4 Hours
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• 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 |
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Course Content
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- 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)
- 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. |
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Teaching Methods
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14 sessions of 3 class hours each and 2 workshops in weeks 14-15 and 17-21
The 14 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 sessions there are planned 2 sets of workshops to review the most important points of the lectures through supplementary exercises, and thus prepare students even better for the final examination.
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Student Workload
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Classes
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30
hours
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Workshop/ Excercises
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12
hours
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Preparation for class
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179
hours
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Examination
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4
hours
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Literature
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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. |
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