MBA 2395 Financial Accounting
APPLIES TO ACADEMIC YEAR 2012/2013
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MBA 2395 Financial Accounting Responsible for the course Ren Mingchuan Department Department of Leadership and Organizational Behaviour Term According to study plan ECTS Credits 4 Language of instruction English Introduction This is an introductory module to secure that all students have basic knowledge about business fundamentals as accounting and budgeting. The module should provide the students with an insight into general principles for accounting and budgeting. It will also cover specific Chinese accounting practice. Learning outcome The objective of the course is to provide the students with an insight into various management accounting models, to understand these models and apply them in practice, including a variety of valuation problems. Emphasis will be given to Chinese practice with presentation of the Chinese accounting system and the legal requirements set for the annual report and accounts. The students shall be given an introduction to the budgeting process, the various budgets and their interconnection (total- and sub-budgets). A thorough understanding of the link between budgets and accounting reports as a system for management control is vital, as well as understanding the importance of cost and income variation analysis. It is also important to be able to extract information from the managerial accounting system that is relevant for decision-making. It is vital to understand how the information in financial statements can be used to evaluate the activities and financial status of businesses (ratio analysis). Prerequisites Bachelor degree or equivalent, 4 years work experience, managerial experience and good written and oral knowledge of the English language. Please confirm our Student regulations. Compulsory reading Books: Ittelson,Thomas R. 2009. Financial statements : a step-by-step guide to understanding and creating financial reports. Rev. and expanded ed. Career Press Recommended reading Course outline The major users of financial statements Assessment methods and accounting models Chinese accounting practice and legal requirements Background for the budgeting process Various sub-budgets Budgeted statement of income and balance sheet Cash budget and cash management Links between the various budgets The purpose of the financial statement analysis Financial ratios Module Schedule Day 1: Accounting models Day 2: Chinese accounting practice and legal requirements Day 3: Budgeting Day 4: Financial analysis and decision-making Computer-based tools Learning process and workload The course is conducted as a teaching module, where students have classes all day for four subsequent days, a total of 32 hours. Examination The students are evaluated through an individual written assignment, accounting for 4 ECTS credits. Examination code(s) MBA 23951 - individual written assignment; accounts for 100% to pass the program MBA 2395; 4 ECTS credits. The course is part of a full MBA and all evaluations must be passed in order to obtain a certificate for the degree. Examination support materials All aids permitted. Re-sit examination At the next ordinary exam. Additional information |
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