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2012/2013  BA-BLC_3AFA  Accounting and Financial Analysis

English Title
Accounting and Financial Analysis

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Course period Autumn
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc og MSc in Business, Language and Culture, BSc
Course coordinator
  • Department of Accounting and Auditing
    Caroline Aggestam Pontoppidan - Department of Accounting and Auditing
Main Category of the Course
  • Financial and management accounting
Last updated on 06-09-2012
Learning objectives
After having completed the course students should be able to:
  • Read, understand and examine the data in an annual report, hereunder the key components in the financial statement
  • Understand and be able to explain the difference between cash and accrual accounting
  • Be able to record business transactions using financial accounting practices
  • 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
Accounting and Financial Analysis
Accounting and Financial Analysis:
Type of test Written Exam
Marking scale 7-step scale
Second examiner External examiner
Exam period December/January
Aids Open Book, Written and Electronic Aid is permitted
Duration 4 Hours
Written four-hour open-book examination based on one or more questions in relation to the course literature. For detailed information, Note that the students must have passed the two compulsory assignments in order to be eligible for the exam. The examination will be graded on the 7-point grading scale by the examiner and an external examiner.

Students not enrolled in the BSc Business, Language & Culture must documnet a A level in English equal to TOEFL 575 and A level in mathematics equal to Danish level B.
Course content


  • Accounting and ethics
  • 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 (limited)
  • Cash, receivables and short term investments
  • Fixed Assets (Tangible & Intangible)
  • Goodwill
  • Current Liabilities, Present Value
  • Shareholders’ Equity
  • Cash Flow Statements
  • Financial Statement Analysis

Course aim:
Students learn to develop their understanding of financial accounting via reference to the accounting practices and annual reports of various companies.

Teaching methods
The teaching 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.

Exercises and mini-cases help to prepare students even better for the final examination..
Expected literature

Introduction to Financial Accounting, International Edition 8the, by Curtis L. Norton and Gary A. Porter, Cengage, ISBN-13: 9780538743716
Articles (links will be provided at LEARN)
Martin R.D. (2006). Through the Ethics Looking Glass: Another View of the World of Auditors and Ethics.  Journal of Business Ethics

Emerson, T.L.N., J. Stephen & C.W. Stanley (2007) Ethical Attitudes of Accountants: Recent Evidence from a Practioners' Survey. Journal of Business Ethics
Satava, D., Caldwell, C. & Richards, L. (2006). Ethics and the Auditing Culture: Rethinking the Foundation of Accounting and Auditing, Journal of Business Ethics (2006) 64: 271–284
Knapp, M. & Knapp, C. (2007). Europe’s Enron: Royal Ahold, N.V, ISSUES IN ACCOUNTING EDUCATION, Vol. 22, No. 4, November 2007, pp. 641–660.
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 06-09-2012