GRA 8166 Financial Accounting
APPLIES TO ACADEMIC YEAR 2012/2013
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GRA 8166 Financial Accounting Responsible for the course Pål Berthling-Hansen Department Department of Accounting - Auditing and Law Term According to study plan ECTS Credits 3 Language of instruction English Introduction 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 company’s 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. Learning outcome Acquired knowledge: 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. Acquired skills: 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. Reflection: 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. Prerequisites Granted admission to the EMBA programme. Please confirm our Student regulations. All deliverables will be in English. Compulsory reading Books: Paul D. Kimmel , Jerry J. Weygandt , Donald E. Kieso. 6th edition. Financial Accounting: Tools for Business Decision Making. Wiley Recommended reading Course outline Topic 1 · The main principles of financial accounting · Posting financial accounting transactions · Completing year-end accounts Topic 2 · Regrouping and adjusting the financial accounts in preparation for analysis Topic 3 · Using financial accounting information for corporate control purposes · Earnings related issues · Capital structure issues · Liquidity issues · Other performance measures Topic 4 · Using financial accounting information for corporate decision making · Strategic decision making · Investment decisions · Mergers and acquisitions · Valuation · Operational decision making · Budgeting · Pricing decisions Computer-based tools It's Learning Learning process and workload 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 20% 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
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