BE-507 Financial Accounting 5

The course is connected to the following study programs

• Master's Programme in Accounting and Auditing

Teaching language

English

Prerequisites

Bachelor's degree in Business Administration or equivalent, including Financial Accounting 4 or equivalent.

Course contents

This course builds on the content from prior financial accounting courses by presenting an in-depth analysis of advanced accounting topics. This course focuses on the application of International Financial Reporting Standards (IFRS) and the conceptual framework to the general purpose financial statements of business entities. Students will obtain a comprehensive understanding of complex accounting issues, for example, consolidated financial statements, business combinations, financial instruments and fair value, and the ability to apply the relevant theory of the accounting standards to real world business or organisational situations. Other important topics shaping financial reporting are also considered, for example how financial reporting contributes to sustainability debates.

Learning outcomes

Upon successful completion of this course the students should be able to:

• Apply International Financial Reporting (IFRS) to practical accounting issues, including the preparation of appropriate journal entries

• Understand and apply the accounting concepts and principles of recognition, timing, measurement, presentation, and disclosure

• Critically discuss the conceptual and practical challenges surrounding complex accounting issues, including the choices in reporting and disclosure that companies face

Understand the relevance, purpose and value of financial reporting to sustainability debates

Examination requirements

Approved compulsory assignment. More information will be given in Canvas at the start of the semester.

Teaching methods

Lectures and group work. Estimated workload is about 200 hours.

Evaluation

The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Admission for external candidates

No

Assessment methods and criteria

4-hour written examination with letter grades.

Due to grade requirements for state authorised public accountants, a regular examination will be held both autumn and spring.

Reduction of Credits

This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:

Course	Reduction of Credits
BE-516 – International Financial Reporting	5