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2022/2023  BA-BHAAV7000U  Financial Reporting – Intermediate – IFRS

English Title
Financial Reporting – Intermediate – IFRS

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 80
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Tessa Kunkel - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 11-02-2022

Relevant links

Learning objectives
  • Explain and analyze balance sheet assets according to IFRS
  • Explain and identify liabilities in the balance sheet according to IFRS
  • Reflect on selected IFRS problems
  • Describe the development in accounting standards and accounting quality
Course prerequisites
A level in financial reporting which equals financial reporting and analysis at an introductory level.
Financial Reporting - Intermediate - IFRS:
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) Internal examiner and second internal examiner
Exam period Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Access to Canvas
  • Access to the personal drive (S-drive) on CBS´ network
  • 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

The course purpose is to provide students with a deep knowledge of financial reporting under IFRS (International Financial Reporting Standards). 


The course builds on financial reporting at an introductory level and focuses on definition, recognition and measurement of assets, liabilities, income and expenses according to IFRS at an intermediate level. Furthermore, it includes an in-depth discussion of selected IFRS problems, including, for example, lease accounting and revenue recognition. We will discuss diverging accounting choices/practices and embed them in a broader economic context.


The students learn to critically reflect upon ambiguous accounting terminology as well as regulatory loopholes. We will address ethical issues by discussing implications of discretionary leeway under IFRS, as well as standard-setters’ efforts to revise accounting standards aimed at restricting structuring activities by preparers.


As preparation for each class, students study relevant chapters in the textbook as well as supplementary literature and cases. The course involves a combination of lectures and review & practice sessions to discuss literature and cases.

Description of the teaching methods
Lectures combined with cases and group exercises. Participation in class is essential to strengthen students’ ability to collaborate, discuss diverging points of view/solutions, and to provide each other with constructive feedback.
Feedback during the teaching period
Feedback from teacher to student includes feedback on group discussions and feedback on exercises in the classroom.
Student workload
Lectures and exercises 38 hours
Preparation for lectures and exercises (including reading) 140 hours
Exam preparation 30 hours
Further Information

It is not possible to take both this course and BA-BHAAV6002U (Finansiel rapportering - IFRS). 

Expected literature

Kieso, Weygandt and Warfield: Intermediate Accounting

Last updated on 11-02-2022