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2024/2025  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 09-02-2024

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
Pre-knowledge in 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) One 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
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
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) on an intermediate level. IFRS are global accounting standards which are applied in 150 member countries. Since 2005, all publicly listed European companies are obliged to prepare their consolidated statements according to IFRS. The course is especially relevant for students who aim to work as accountants, auditors, consultants, or financial analysts.


The course builds on financial reporting at an introductory level and focuses on an in-depth discussion of selected IFRS issues.

  • We analyze definition, recognition, and measurement issues related to assets, liabilities, equity, income, and expenses
  • We analyze different accounting choices/practices and discuss them in a broader context
  • We critically reflect upon ambiguous accounting terminology as well as regulatory loopholes, which provide CEOs/CFOs with room for strategic maneuvering
  • We address ethical issues by discussing implications of discretionary leeway under IFRS
  • We look at standard-setters' efforts to revise accounting standards aimed at restricting structuring activities by preparers (e.g. lease regulation/ regulation for revenue recognition)


The course involves a combination of lectures, case studies, and review & practice sessions. The course is dialogue-based and builds upon preparation (studying relevant chapters in the textbook) and active participation.

Description of the teaching methods
Lectures combined with case studies 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 (e.g. related to group discussions and exercises in the classroom). Feedback from fellow students.
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 (Financial Reporting - IFRS).

Expected literature

Kieso, Weygandt and Warfield: Intermediate Accounting 4th edition 2020 or latest edition

Last updated on 09-02-2024