| 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.
- Be able to record business transactions using financial
accounting pratices
- 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.
|
| Course prerequisites |
| English language skills equal to B2
level (CEFR) and math skills equal to Danish level B are
recommended. |
| Examination |
|
Financial
Accounting:
|
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
|
Exam guidelines:
The written exam takes place on CBS computers
• Graphs can be written by hand
• 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. |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
Autumn Term |
| Aids allowed to bring to the exam |
Limited aids, see the list below and the exam
plan/guidelines for further information:
- Allowed calculators
- Allowed dictionaries
- Books and compendia brought by the examinee
- Notes brought by the examinee
|
| 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 practical examples, mini-cases and annual
reports of various companies.
|
| 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. |
| Student workload |
| Classes |
30 hours |
| Workshop/ Excercises |
12 hours |
| Preparation for class |
161 hours |
| Examination |
4 hours |
|
| Further Information |
Limited exam aids:
• The written exam takes place on CBS computers
• Graphs can be written by hand
• Students have access to their personal files (S-drive on CBS
network)
• Students do NOT have access to Internet, 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. |
| 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, students can
then download as pdf file through the CBS library)
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.
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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