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2021/2022  KAN-CCMVI2108U  Advanced Topics in Corporate Financial Reporting

English Title
Advanced Topics in Corporate Financial Reporting

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Bjørn N. Jørgensen - Department of Accounting (AA)
The course is expected to be taught by Dr. Steve Rock from University of Colorado at Boulder.
For academic questions related to the course, please contact course responsible Bjørn N. Jørgensen (bnj.acc@cbs.dk).
Main academic disciplines
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 01/12/2021

Relevant links
Learning objectives
  • Be familiar with the purposes and objectives of financial reporting.
  • Understand the rules governing reporting for topics covered in the class, particularly how accounting for transactions impact the principal financial statements and supplemental information in footnotes to financial statements.
  • Understand the factors influencing the standard setting process, and limitations to financial reporting standards.
  • Appreciate the incentives that managers face when making accounting choices and the likely impacts of those choices.
Course prerequisites
Completed Bachelor degree or equivalent. Introductory financial accounting
Examination
Advanced Topics in Corporate Financial Reporting:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
The exam is a home assignment runs in parallel with classes.
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer and Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
The 1st and 2nd retake is a 72-hour, maximum 10-pages home assignment.
Description of the exam procedure

The exam is a home assignment runs in parallel with classes.
Course content, structure and pedagogical approach

Content:

Advanced topics in financial reporting, including:

  • Investments in Debt and Equity Securities
  • Stockholders’ Equity
  • Convertible Securities
  • Share-Based Compensation and Earnings Per Share
  • Accounting for Leases
  • Financial Reporting of Income Taxes
  • Statement of Cash Flows

 

Structure:

  • Focus on US GAAP – Emphasis on Liabilities and Stockholders’ Equity
  • Use “real world” practical examples to illustrate reporting practice
  • Re-emphasize financial statement impacts of transactions
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. There will also be problems sets issued throughout the term to solidify student understanding 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 MyBusinessCourse (MBC – via Cambridge Business Publishers). This online platform provides continuous feedback, on the exercises and tests carried out, covering all learning objectives in the textbook. In addition, lectures and 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 33 hours
Reading and preparation 109 hours
Propblem solving 40 hours
Review and exam preparation 20 hours
Exam 4 hours
Further Information

Short 3 weeks course that cannot be combined with any other course

 

Preliminary Assignment:

The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment & grading.

 

Course and exam timetable:

!s/will be available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams
 
We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams in start March.
Expected literature

Intermediate Accounting; Hanlon, Hodder, Nelson, Roulstone, and Dragoo: Cambridge Business Publishers, 2nd Edition
Last updated on 01/12/2021