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2014/2015  BA-BINBO1326U  Financial Accounting

English Title
Financial Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in International Business
Course coordinator
  • Caroline Aggestam Pontoppidan - Department of Accounting and Auditing (AA)
Caroline Aggestam, Nina Sormunen, and others to be determined**
Main academic disciplines
  • Financial and management accounting
Last updated on 13-11-2014
Learning objectives
After having completed the course students should be able to:
  • Read, understand and examine the data in an annual report.
  • Fully comprehend the difference between cash and accrual accounting.
  • 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.
Financial Accounting:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period May/June, the regular exam takes place in June. The make-up and re-examination takes place in August.
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Aids to be decided
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.
The re-take follows the same rules as regular examination
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 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.


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
Teaching Sessions 42 hours
Workshops 13 hours
Expected literature

Introduction to Financial Accounting, 9th 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 LEARN, students can then download as pdf file through the CBS library)
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 13-11-2014