GRA 6239 Financial Accounting and Analysis
GRA 6239 Financial Accounting and Analysis
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.
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
- goodwill impairment
- cash flow statement
- fair value measurement
- financial instruments
- leases
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
- be able to impair goodwill
- prepare cash flow statement
- analyze the reporting of financial instuments and leases
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.
- Business combinations and consolidated financial statements
- Goodwill Impairment
- Cash Flow Statement
- Fair Value Measurement
- Leases
- Case Studies
The course consists of lectures and asynchronous activities. The lectures are organized in the form of ordinary lectures, and lectures dedicated to practical exercises and case studies.
It is the student’s own responsibility to obtain any information provided in class.
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.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
Good written and oral skills in English. Having successfully completed a course in financial accounting.
| Assessments |
|---|
Exam category: School Exam Form of assessment: Written School Exam - digital Exam/hand-in semester: First Semester Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: GRA 62391 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 24 Hour(s) | |
Digital resources | 12 Hour(s) | Asynchronous activities consist of cases, readings, group work, videos, etc. |
Prepare for teaching | 72 Hour(s) | Students are expected to review the material cover in each lecture, and prepare the next one. |
Examination | 52 Hour(s) | Exam and exam preparation. |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.