MBA 2363 Financial Accounting

APPLIES TO ACADEMIC YEAR 2013/2014

MBA 2363 Financial Accounting


Responsible for the course
Ren Mingchuan

Department
Department of Leadership and Organizational Behaviour

Term
According to study plan

ECTS Credits
5

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 5 ECTS credits.

Examination code(s)
MBA 23631 - individual written assignment; accounts for 100% to pass the program MBA 2363; 5 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