English   Danish

2025/2026  KAN-CGMAI3028U  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
Min. participants 30
Max. participants 60
Study board
Study Board for Governance, Law, Accounting & Management Analytics
Programme Master of Science (MSc) in Economics and Business Administration - General Management and Analytics (GMA)
Course coordinator
  • Bjørn N. Jørgensen - Department of Accounting (AA)
The course is expected to be taught by Dr. Jeffery Gramlich from Wasington State University.
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 03/11/2025

Relevant links
Learning objectives
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 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, Exam schedules available on https:/​​/​​www.cbs.dk/​​uddannelse/​​international-summer-university-programme-isup/​​courses-and-exams
Aids Limited aids, see the list below:
The student is allowed to bring
  • An approved calculator. Only the models HP10bll+ or Texas BA ll Plus are allowed (both models are non-programmable, financial calculators).
  • 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
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.
n/a
Description of the exam procedure

4 hour written final exam.

 

 
Course content, structure and pedagogical approach

Content:

Advanced topics in financial reporting, including:

  • Long term liabilities
  • Leases
  • Stockholders’ Equity
  • Dilutive Securities and Earnings Per Share
  • Statement of Cash Flows
  • Revenue recognition
  • Financial Reporting of Income Taxes
  • Accounting for changes and error corrections

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
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
Research-like activities
  • Discussion, critical reflection, modelling
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
Class discussions with feedback.
Student workload
Precourse activity 20 hours
Classroom attendance 30 hours
Self study and preparation for final exam 156 hours
Further Information

3-week course cannot be combined with any other course.

 

Precourse activity: 

The course coordinator uploads precourse activity 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 and grading.

 
Expected literature

Primary:

Intermediate Accounting by Spiceland, Nelson, and Thomas (2023), 11th edition, published by McGraw-Hill Education.

 

Secondary:

Financial Accounting Standards Board (FASB) Accounting Standards Codification, available at https://asc.fasb.org/.
Last updated on 03/11/2025