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2025/2026  BA-BINBO1131U  Financial Accounting

English Title
Financial Accounting

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Second Quarter, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Global Relations
Course coordinator
  • Bjørn N. Jørgensen - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Blended learning
Last updated on 19-05-2025

Relevant links
Learning objectives
After having completed the course students should be able to:
  • Read, understand and examine the data in an annual report.
  • Fully comprehend the difference between cash and accrual accounting.
  • Prepare financial statements from the source data based on accounting transactions.
  • Understand the critical role of ethics in providing decision useful accounting information.
  • Develop financial ratios for a company and analyze the information content of these measures to make sound business decisions.
Examination
Financial Accounting:
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 and Winter
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.
The use of Generative AI (GenAI) tools or apps is not allowed for this exam.
Description of the exam procedure

The use of Generative AI (GenAI) tools or apps is not allowed for this 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


Course aim:
Students learn to develop their understanding of financial accounting via reference to practical examples, exercises and mini-cases.
 
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.

 
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
  • Data collection
  • Discussion, critical reflection, modelling
Description of the teaching methods
The teaching sessions comprise lectures and class discussions as well as practical exercises ( on campus). 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
The student will have to actively seek feedback from the teacher. This can be done at the office hours of the course coordinator/teacher.
Student workload
Lectures 33 hours
Workshops 9 hours
Preparation for exam and classes 158 hours
Final exam 4 hours
Expected literature

Thomas, Tietz, Suwardy, Chern, Harrison, Jr., and Horngren. 2024. Financial Accounting – International Financial Reporting Standards. 12th edition. Pearson Global Edition.

 

The literature includes powerpoints, handouts, and additional readings. 

 
Last updated on 19-05-2025