2021/2022
BA-BPOLO2009U Financial Accouting and Reporting
| English Title |
| Financial Accouting and
Reporting |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory (also offered as elective) |
| Level |
Bachelor |
| Duration |
One Quarter |
| Start time of the course |
Fourth 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 |
- Bjørn N. Jørgensen - Department of Accounting
(AA)
|
| Main academic
disciplines |
|
|
| Teaching
methods |
|
|
|
Last updated on
15-12-2021
|
| Learning objectives |
- Apply the accounting equation and double entry-accounting
- Explain the difference between cash and accrual accounting
- Prepare financial statements based on accounting
transactions
- Calculate financial ratios and analyze the information content
of these measures
- Understand the role of ethics in preparing and using accounting
information
- Identify and explain selected components of non-financial
reporting provided by companies (GRI, SDGs,
etc.)
|
| Examination |
The exam in the subject consists of two parts:
| Midterm -
Financial Accounting and Reporting: | | Sub exam weight | 15% | | Examination form | Written sit-in exam on CBS'
computers | | Individual or group exam | Individual exam | | Assignment type | Multiple choice | | Duration | 2 hours | | Grading scale | 7-point grading scale | | Examiner(s) | One internal examiner | | Exam period | Spring | | 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. | Description of the exam
procedure
The first four listed learning objectives are relevant for the
midterm exam. |
| Final exam -
Financial Accounting and Reporting: | | Sub exam weight | 85% | | 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 | Summer | | 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. | Description of the exam
procedure
All six 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
- 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 |
| 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 |
|
Harrison, Horngren, Thomas, Tietz, and Suwardy, 2021. Financial
Accounting – International Financial Reporting
Standards.11th edition. Pearson.
Articles/Case material (links will be provided at
Canvas, students can then download as pdf file through the CBS
library)
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 Canvas before classes
begin.
|
Last updated on
15-12-2021
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