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2018/2019  BA-BPOLO2009U  Financial Accouting and Reporting

English Title
Financial Accouting and Reporting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Third Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc i International Business and Politics, BSc
Course coordinator
  • Caroline Aggestam Pontoppidan - Department of Accounting (AA)
Caroline Aggestam and others to be determined**
Main academic disciplines
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 27-06-2018

Relevant links

Learning objectives
  • Fully comprehend the accounting equation and double entry-accounting
  • Understand and be able to explain the difference between cash and accrual accounting
  • Prepare financial statements from the source data based on accounting transactions and explain the role of ethics in this process
  • Read, understand and examine the data in an annual report, hereunder the key components in the financial statement
  • Develop financial ratios for a company and analyze the information content of these measures to make sound business decisions
  • Identify and explain selected components of non-financial reporting provided by companies (GRI, SDGs, etc.)
Financial Accounting and Reporting:
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) Internal examiner and external examiner
Exam period Spring
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
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.
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.


Description of the 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.
Feedback during the teaching period
The course is supplemented by a blended learning approach through the use of CengageNOW. This online platform provides continuous feedback, on the exercises and tests carried out, covering all learning objectives in the book. In addition lectures and workshops will provide extensive opportunities for questions and answers. Students are also encouraged to take full advantage of staff office hours to engage in advancing comprehension of the course objectives.
Student workload
Teaching Sessions 42 hours
Workshops 13 hours
Expected literature

Introduction to Financial Accounting,10th 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.


This is a sample of the literature that will be used. A comprehensive reading list can be found in the course plan that will be published on CBS Learn before classes begin.

Last updated on 27-06-2018