Fagets indhold
- Accounting as a form of communication
- Financial statements and annual reports
- Double-entry bookkeeping
- Cash basis and accrual basis of accounting
- Inventories and Cost of Goods Sold
- Cash, receivables, and short-term investments
- Fixed Assets (Tangible & Intangible)
- Goodwill
- Current Liabilities, Present Value, and Long-term Liabilities
- Shareholders’ Equity
- Statements of Cash Flow
- Financial Statement Analysis
Course aim:
Students learn to develop their understanding of financial accounting via reference to practical examples, mini-cases, and the annual reports of various companies.
Relation to a Business or an Institutional Setting: Class discussions are focused on multinational companies in different industries, both European and US. The course textbook has many good examples from US business life, which will be contrasted against their European peers.
Relation to International Business or Economics: The core theme of the course is financial accounting within multinational corporations. The relationships between the parent company and subsidiaries are emphasized in group accounting and through the consolidation process.
In relation to Nordic Nine
Financial Accounting and Reporting will provide you with an introduction to financial accounting and its use by corporations in practice, which aligns with many of the Nordic Nine values.
-You will learn how companies record transactions into their accounting records as they produce prosperity for their shareholders and for the wider society. You will understand how they interact with potential investors, banks, suppliers, and creditors, and develop an analytical mindset in the evaluation of financial statements (NN1, NN2, NN7).
-You will develop critical thinking skills towards the presentation of the data in financial statements and also in developing internal controls within a company. Ethical dilemmas in accounting will be presented throughout the course, and you will come to understand these from a wider perspective (NN5, NN6).
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