2020/2021
BA-BDMAO2001U Financial Accounting and Reporting and its
Digital Context
| English Title |
| Financial Accounting and Reporting
and its Digital Context |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Semester |
| Start time of the course |
Autumn |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
BSc in Digital Management
|
| Course
coordinator |
- Kirstin Becker - Department of Accounting
(AA)
|
| Main academic
disciplines |
|
|
| Teaching
methods |
|
|
|
Last updated on
29-05-2020
|
| Learning objectives |
After having completed the course students should
be able to:
- Explain the purpose of financial accounting and reporting
- Apply the double-entry-bookkeeping method to prepare financial
statements based on accounting transactions
- Explain the difference between cash and accrual accounting
- Find, analyze and interpret specific information in financial
statements
- Calculate financial ratios and analyze the information content
of these measures
- Define unethical accounting practices and their consequences
and identify situations in which they are likely to occur
- Identify areas in financial accounting and reporting that are
affected by digital technologies and describe the effects of
digitalization on accounting practices
|
| Examination |
The exam in the subject consists of two parts:
| Midterm -
Financial Accounting and Reporting and its Digital
Context: | | Sub exam weight | 15% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | 2 hour written home assignment | | Assignment type | Written assignment | | Duration | Written product to be submitted on specified date
and time. | | Grading scale | 7-point grading scale | | Examiner(s) | One internal examiner | | Exam period | Autumn | | Make-up exam/re-exam | Same examination form as the ordinary exam The re-take follows the same rules
as the regular examination. | Description of the exam
procedure
The exam consists of a mix of open questions, true/false and/or
multiple choice questions. For the latter two question types (MCQ
and T/F questions), students have to briefly justify their choice
of answers. The learning objectives relevant for this partial exam are - Explain the purpose of financial accounting and reporting
- Apply the accounting equation and double entry-accounting to
prepare financial statements based on accounting transactions
- Explain the difference between cash and accrual accounting
- Find, analyze and interpret specific information in financial
statements
|
| Final exam -
Financial Accounting and Reporting and its Digital
Context: | | Sub exam weight | 85% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 15 pages | | 4 hours written home assignment | | Assignment type | Written assignment | | Duration | Written product to be submitted on specified date
and time. | | Grading scale | 7-point grading scale | | Examiner(s) | One internal examiner | | Exam period | Winter | | Make-up exam/re-exam | Same examination form as the ordinary exam The re-take follows the same rules
as the regular examination. | Description of the exam
procedure
The final exam will consist of a mix of case questions, open
(calculative) questions, multiple-choice questions and true and
false questions. For the latter two question types (MCQ and T/F
questions), students have to briefly justify their choice of
answers. All listed learning objectives are relevant for the final
exam. |
|
| 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
- Ethics in accounting
- Digitalization of financial accounting and
reporting
|
| 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 in the form of online quizzes 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 lectures 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.
Students will have the possibility to obtain feedback on their
performance by solving weekly online quizzes. Discussions of quiz
solutions and the class' overall results inform the students
about their progress in obtaining the skills as set out in the
learning objectives over time. A short feedback session on
students' performance during the midterm exam serves a similar
purpose.
Exercise sessions confront students with relevant assignments on
which students can test their abilities and obtain direct feedback
from the instructor.
Apart from these occasions to obtain feedback that are embedded in
the structure of the course, students are encouraged to actively
seek feedback from the teacher via the voluntary attendance of
group meetings and/or individual office hours. |
| Student workload |
| Classes |
33 hours |
| Workshop / Exercises |
9 hours |
| Preparation for classes / the exam |
164 hours |
|
| Expected literature |
|
Financial Accounting: The Impact on Decision Makers,
10th edition (2017)
Author: Norton & Porter
Publisher: Cengage Learning
|
Last updated on
29-05-2020
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