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2017/2018  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 120
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Course instructor - Dr. Shai Levi, Tel Aviv University, sle.acc@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.msc@cbs.dk.
Main academic disciplines
  • Accounting
Last updated on 25/04/2018

Relevant links
Learning objectives
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
None
Examination
Principles of Financial Accounting:
Exam ECTS 7.5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: 31 July - 3 August 2018.

Retake exam: September - October 2018.

3rd attempt (2nd retake) exam: November - December 2018

Exam schedule is available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams.
Aids Limited aids, see the list below:
The student is allowed to bring
  • Any calculator
  • Language dictionaries in paper format
The student will have access to
  • Advanced IT application package
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
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 exam, new exam question

Exam form for 3rd attempt (2nd retake): home project assignment, max. 15 pages.
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.

 

Preliminary assignment: Students will complete this assignment before the semester, and we will discuss it in the first class. Students will be required to read chapters of textbook, review financial statements of a public firm, and answer questions that will be provided on the course website.

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
Feedback during the teaching period
Exercise in class 6
Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 126 hours
Feedback activity 7 hours
Examination 20 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.

 

Course timetable is available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams.

 

We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams end February 2018 at the latest.
Expected literature

Mandatory readings:

 

Financial Accounting for MBAs, 7th edition, by Easton, Wild, Halsey, and McAnally

E-book available here:

https:/​/​mybusinesscourse.com/​catalog?search=978-1-61853-231-2

 

Additional relevant readings:

 

Academic articles that will be posted on the course website
Last updated on 25/04/2018