English   Danish

2019/2020  BA-BSEMO1007U  Financial Accounting

English Title
Financial Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Service Management
Course coordinator
  • Caroline Aggestam Pontoppidan - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Blended learning
Last updated on 25-06-2019

Relevant links

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.
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-point grading 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, structure and pedagogical approach
  • 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 CBS Canvas, 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 CBS Canvas two weeks before the course starts.

Last updated on 25-06-2019