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2014/2015  BA-BSEMO1007U  Financial Accounting

English Title
Financial Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Service Management
Course coordinator
  • Caroline Aggestam Pontoppidan - Department of Accounting and Auditing (AA)
Main academic disciplines
  • Financial and management accounting
Last updated on 15-08-2014
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.
Financial Accounting:
Exam ECTS 7,5
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
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:
  • Additional allowed aids
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.
Description of the exam procedure
The exam is a closed book exam were limited aids are allowed (calculators)
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
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)
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.

Last updated on 15-08-2014