GRA 6239 Financial Accounting and Analysis

GRA 6239 Financial Accounting and Analysis

Course code: 
GRA 6239
Department: 
Accounting, Auditing and Business Analytics
Credits: 
6
Program of study: 
Master of Science in Business
Course coordinator: 
Ignacio Garcia de Olalla Lopez
Product category: 
Master
Portfolio: 
MSc in Business - Elective course
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

IFRS is an internationally accepted set of accounting standards. All listed firms in the EU/EEA are required to use these standards in their consolidated financial statements, and most other firms in EU/EEA-area are allowed to use IFRS in their financial statements. Thus, high expertise in IFRS is needed for accounting preparers and accounting users.

Learning outcomes - Knowledge

The students shall obtain knowledge about

  • the distinction between business combinations and the acquisition of assets under IFRS
  • the identification of assets and liabilities as part of a business combination under IFRS, with special emphasis on intangible assets and provisions
  • additional issues for the preparation of consolidated financial statements
  • the disclosures for earnings per share
  • the main sources of long-term finance
  • the capital pricing assets model (CAPM) and weighted average cost of capital (WACC)
  • financial performance, financial position and financial adaptability of an entity
Learning outcomes - Skills

The students shall be able to

  • discuss the distinction between business combinations and the acquisitions of assets and how this distinction affect the financial statements under IFRS
  • identify which assets and liabilities that can be separately recognized in a business combination under IFRS
  • solve other consolidated financial statement problems under IFRS
  • prepare the disclosures for earnings per share
  • describe the main sources of long-term finance
  • evaluate the financial performance, financial position and financial adaptability of an entity
  • discuss the limitations of ratio analysis
General Competence

The students should be able to critically assess accounting regulation and practice under IFRS in order to use financial information for analysis and decision-making.

Course content
  • Business combinations and consolidated financial statements
  • Disclosures for earnings per share
  • Long-term finance
  • Capital asset pricing model and weighted average cost of capital (WACC) for an entity
  • Analysis of financial performance, financial position and financial adaptability of an entity
  • Limitations of ratio analysis
Teaching and learning activities

-

Software tools
No specified computer-based tools are required.
Additional information

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.

Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Required prerequisite knowledge

Good written and oral skills in English. Having successfully completed a course in financial accounting.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA62391
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual Written examination under supervision
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:3 Hour(s)
Comment:Written examination under supervision
Exam code:GRA62391
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100