| Learning objectives |
After having completed the course students should
be able to:
- 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.)
|
| Course prerequisites |
| English language skills equal to B2 level (CEFR)
and math skills equal to Danish level B are recommended. |
| Examination |
|
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 |
Autumn |
| Aids |
Limited aids, see the list below:
The student is allowed to bring - Non-programmable, financial calculators: HP10bll+ or Texas BA
II Plus
- 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 practical examples, mini-cases and annual
reports of various companies.
|
| 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 |
| Classes |
30 hours |
| Workshop/ Excercises |
12 hours |
| Preparation for class |
161 hours |
| Examination |
4 hours |
|
| Expected literature |
|
Financial accounting the impact on decision makers,
10th ed. by Curtis L. Norton and Gary A. Porter, Cengage
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.
|
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