2015/2016
BA-BINBO1131U Financial Accounting
English Title |
Financial
Accounting |
|
Language |
English |
Course ECTS |
7.5 ECTS |
Type |
Mandatory |
Level |
Bachelor |
Duration |
One Quarter |
Start time of the course |
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 |
|
Last updated on
12-08-2015
|
Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: 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.
|
Examination |
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 |
Spring and Summer, the regular exam takes place
in May/June. The make-up and re-examination takes place in
August. |
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.
The re-take follows the same rules
as regular examination
|
Description of the exam
procedure
For the exam few non-programmable calculator are
allowed.
The following calculators are approved for closed book exams
with calculators and exams with non-programmable calculators:
Hewlett-Packard: HP10BII
Texas: Texas BAII Plus
|
|
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)
9781285182957
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
12-08-2015