2013/2014 KAN-CM_SU5G Cases in Financial Reporting
English Title | |
Cases in Financial Reporting |
Course information |
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Language | English |
Exam ECTS | 7.5 ECTS |
Type | Elective |
Level | Full Degree Master |
Duration | Summer |
Course period | Summer
Please check www.cbs.dk/summer for the course schedule. |
Time Table | Please see course schedule at e-Campus |
Study board |
Study Board for MSc in Economics and Business
Administration
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Course coordinator | |
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Main academic disciplines | |
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Last updated on 23-07-2013 |
Learning objectives | |||||||||||||||||||||||
By the end of the course, the student
should be able to:
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Course prerequisites | |||||||||||||||||||||||
Introductory level financial accounting and introductory level management accounting. | |||||||||||||||||||||||
Prerequisites for registering for the exam | |||||||||||||||||||||||
Requirements about active
class participation (assessed approved/not approved)
Mandatory Mid-term Assignments: Students must satisfactorily complete a group presentation to be eligible to write the final exam. |
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Examination | |||||||||||||||||||||||
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Course content and structure | |||||||||||||||||||||||
Principally using the case method,
this course engages students to explore the consequences of
alternative accounting standards, policies, choices, and estimates.
As this course requires students to analyze financial statements
and the implications of alternatives, a solid foundation in
introductory accounting is required. Furthermore, the financial
statement analysis will be more than just from the perspective of a
passive user who receives the financial statements, but can be also
from the perspective of the preparer (management), the auditor, or
the standard setter. This holistic approach and the case method
allow students to gain a deeper appreciation of financial
accounting issues.
The course's development of personal competences: By the end of the course, students should be able to: 1. Analyze scenarios, generate suitable accounting alternatives, and analyze their effects on financial statements. 2. Evaluate accounting alternatives to make appropriate conclusions and recommendations. 3. Understand the motives for different accounting choices made by management and standard setters. |
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Teaching methods | |||||||||||||||||||||||
The primary teaching method is case
discussion.
Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings to be read before the start of classes with a related task or tasks in the first two classes in order to 'jump-start' the learning process. Students should read Sections G and I of Chapter 3 in the textbook (pages 86 - 115) |
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Expected literature | |||||||||||||||||||||||
Kin Lo and George Fisher,
Intermediate Accounting, Volumes 1 and 2, 2nd Canadian
Edition, Pearson Education Canada, 1029 pages both volumes
combined.
eText: ISBN 978-0-13-311188-0 and 978-0-13-313539-8 (available on www.coursesmart.com) Syllabus Class 1: Introduction to analysis of accounting cases Case 1-3 In-substance defeasance of long-term debt Economic consequences of accounting choices and standards Class 2: Case 2-1 West Pacific's mortgage-backed securities Conceptual framework for financial reporting Case 3-2 Grosco's redeemable preferred shares Accrual accounting and the importance of timing in recognition of events in accounting Class 3: Case 4-5 Happy Valley Homes Revenue recognition Class 4: Case 5-1 MGM Mirage Case 7-2 Tightrope Limited Cash, receivables, and financial assets Class 5: Case 8-1 Pan Asia Airlines Case 8-2 Intrawest's interest capitalization policy Property, plant, and equipment Class 6: Case 12-2 Total Protection Limited Case 14-1 Ultramart Accounting and capital structure Class 7: Case 18-2 PDQ leasing options Case 19-4 Enviro Ltd. Off-balance sheet financing and cash flows Class 8-10: Group presentations Class 11: Comprehensive review |
Last updated on
23-07-2013