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2015/2016  BA-BHAAI1009U  Principles of Financial Accounting

English Title
Principles of Financial Accounting

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 140
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Course instructor - Dr. Shai Levi, Tel Aviv University, shailevi@tau.ac.il
    Sven Bislev - Department of Intercultural Communication and Management (ICM)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.ikl@cbs.dk
Main academic disciplines
  • Finance
  • Accounting
Last updated on 12-05-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Understand the environment in which financial reports are prepared, and the incentives of managers that may affect the information reported by companies
  • Interpret and apply the conventions and rules underlying the preparation of major accounting reports
  • Analyze financial and managerial decision-making and the different accounting information that supports these decisions
  • Evaluate, analyze and interpret relevant accounting information
  • Apply financial statement analysis theory and practice.
Course prerequisites
No prerequisites
Examination
Principles of 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) One internal examiner
Exam period Summer, Ordinary exam: 1-5 August 2016
Retake exam: Within two months from the ordinary exam.
Aids allowed to bring to the exam Closed Book: no 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.
4-hour written sit-in with a new exam question.
Course content and structure

This course will provide you with frameworks and practical tools for reading financial statements and assessing the business standing of firms. At the end of the course, you will be able to critically review the information in financial disclosures, and use this information to gauge firms’ performance. In class, we will discuss reporting and analysis concepts, and apply them in case studies and on market data. 
The course should be useful for those planning a career in public accounting, or in finance, whether it is investment banking, portfolio management, securities analysis or venture capital.

 

Class 1: Introduction to the income statement and balance sheet. Analysis of profitability

 

Class 2: Construction of financial statements

 

Class 3: Accruals versus cash flows

 

Class 4: Revenue recognition, and matching of expenses

 

Class 5: Cash flow statement

 

Class 6: Student presentations feedback activity: Analysis of financial statements of a firm

 

Class 7: Operating assets

 

Class 8: Debt and liabilities

 

Class 9: Off-balance sheet liabilities

 

Class 10: Owner financing

 

Class 11: Forecasting financial statements and valuation
Teaching methods
Lectures, cases, and exercises
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

 

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activitity defined by the course instructor will take place app. half-way through the course. 
 

 

The timetable is available on  http://www.cbs.dk/files/cbs.dk/isup_timetable_2016_updated.pdf
Expected literature

PRIMARY LITERATURE (MUST-HAVE BOOKS):

Easton, Wild, Halsey, and McAnally: Financial Accounting for MBAs

ISBN 978-1-61853-100-1

Cambridge Business Publishers, 6th edition

E-book available here: https://mybusinesscourse.com/purchase-an-ebook 
Last updated on 12-05-2016