GRA 8222 Financial Accounting (2023/2024)
GRA 8222 Financial Accounting (2023/2024)
The set of financial accounts is usually the primary channel for reporting the financial affairs of any organisation. A thorough understanding of such information is absolutely vital for any senior level manager involved in the discussion of a companys financial state of affairs. Financial accounting based information is also the starting point of the financial aspects of most decisions aimed at improving shareholder value.
Students are expected to obtain knowledge of the fundamental principles of financial accounting and obtain a thorough understanding of the financial accounting vocabulary. The course intends to give a rudimentary understanding of the mechanics of developing a set of external corporate accounts. This is an important prerequisite to understanding how to use accounting based information for corporate control and decision making. In this it is important that users of such financial accounting based information understand the limitations of such information, and when the financial accounts need adjustments to cater for various applications.
The course will teach students to conduct specific transactions in the financial accounts, conduct year-end adjustments, and produce a set of year-end accounts. Students will then learn how to conduct different types of adjustments before any type of analysis can be conducted. Different types of analysis will then be covered in order to provide input for a control and decision making emphasis, and finally briefly discuss the communication of such analysis.
The candidates will obtain the competence to reflect on the quality of financial accounting based information for various uses, and be able to evaluate the general quality of a set of financial accounts, especially in relation to the many financial scandals that have occurred over recent years that have not been directly identifiable through financial accounting based reporting.
- The main principles of financial accounting
- Posting financial accounting transactions
- Completing year-end accounts
- Regrouping and adjusting the financial accounts in preparation for analysis
- Using financial accounting information for corporate control purposes
- Earnings related issues
- Capital structure issues
- Liquidity issues
- Other performance measures
- Using financial accounting information for corporate decision making
- Strategic decision making
- Investment decisions
- Mergers and acquisitions
- Operational decision making
- Pricing decisions
1 ECTS credit corresponds to a workload of 26-30 hours.
The course is conducted through a total of 24 hours of lectures and casework.
Attendance at all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
The course is a part of a full Executive MBA programme and examination in all courses must be passed in order to obtain a certificate.
In all BI Executive courses and programmes, there is a mutual requirement
for the student and the course responsible regarding the involvement of the student's experience in the planning and implementation of courses, modules and programmes. This means that the student has the right and duty to get involved with their own knowledge and practice relevance, through the active sharing of their relevant experience and knowledge.
Granted admission to the EMBA programme. Please consult our student regulations.
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
|Exam category||Weight||Invigilation||Duration||Grouping||Comment exam|
Form of assessment:
Internal examiner with external supervisor
Examination when next scheduled course
|100||No||4 Week(s)||Individual||The students will be evaluated through a written assignment.|
|Form of assessment:||Written submission|
|Comment:||The students will be evaluated through a written assignment.|
|Exam code:||GRA 82221|
|Resit:||Examination when next scheduled course|
Prepare for teaching
Student's own work with learning resources
Self study, feedback activities/counselling and exam.
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 3 ECTS credit corresponds to a workload of at least 80 hours.