HAS FIAC - Financial Accounting Q3

Faculty
Assoc. Professor Carsten Kyhnauv

Course Coordinator
Caroline Aggestam

Prerequisite/progression of the course

The students must document a level in English equal to TOEFL 575 and a level in mathematics equal to Danish level B, and furthermore, the students must have followed courses in accounting.

Aim of the course

To undertake an efficient management of economic activity it is essential to understand the need for relevant economic decisions to maximize shareholder value.

The course aims to give the understanding and knowledge of accounting and financing, and how to read the standardized forms of presentation.

The aim is that the students will be able to read, understand and undertake analysis - by using key rations- of an annual report concerning e.g. earnings, return on investments, solidity, liquidity, etc. and to form an opinion of the trends in the future of the company.

Course content, structure and teaching

The course starts with an introduction to the elements of an accounting report i.e. the statement of profit and loss and the balance sheet. The course moves on to as well as comparison over years as calculation of various key ratios etc.

Special attentions will be given to issues of finance, how the company is financed, how profitable the various investments are and how far the interdependencies between the operations go.

Learning Objectives

In the end of this course, the students should be able to:

· A relevant knowledge and understanding of the underlying accounting rules and principles in relation to the annual report, more specific to the income statement and the balance of a company
· That the students through understanding and knowledge of the basic, and also the more specific, accounting principles will be able to follow, and also to have a positive critical approach in relation to the transactions between the income statement and balance and visa versa.
· That the course will bring the students into a position, where they will be able to make a financial analysis of the income statement and the balance of a company, and also through understanding and knowledge to relevant key ratios the student will be able to communicate economic results, and also to make relevant benchmarking to other companies.
· The impact and possibilities of the annual report, the income statement and the balance, and to understand and respect the need, background and relationship between efficient management and relevant professional skills about economic matters in respect of steadily maximize shareholders value.
· A reasonable and relevant level of knowledge and understanding of cash management as an important and relevant part of the work and responsibility for the financial manager.
· Understanding and knowledge of balance management, including financial understanding of a company, the split between owners capital and long and short term liabilities, but also to bring the students into a position, where they can understand the impact of connections between investment – including alternatives - decision and how to finance these investment.

Type of examination, exam aids and assessment

Assignments: During the course each students has the opportunity to hand in two specific individual home assignments.

Each assignment will be related to specific exercises from syllabus, and each home assignment will have a maximum of about 3 pages.

Exam form: Written 4 hours individual exam with open books, counts for 100% of the final grade.

For more details please refer to the specific conditions stated in the study rules and regulations booklet.

Exam aids: No aids permitted at the oral exam.

Teaching methods

The course includes lectures giving the main outline of theories and models and sessions comprising exercises, cases and discussions in smaller groups.

Course literature

To be announced

Last updated by Webmaster 14/11/2009