MAN-BCU2016
Financial Accounting and Reporting
Course infoSchedule
Course moduleMAN-BCU2016
Credits (ECTS)6
Category-
Language of instructionEnglish
Offered byRadboud University; Nijmegen School of Management; Bachelor Economics and Business Economics;
Lecturer(s)
PreviousNext 2
Coordinator
dr. G.J.M. Braam
Other course modules lecturer
Examiner
dr. G.J.M. Braam
Other course modules lecturer
Contactperson for the course
dr. G.J.M. Braam
Other course modules lecturer
Lecturer
dr. G.J.M. Braam
Other course modules lecturer
Lecturer
dr. N.T. Niederkofler
Other course modules lecturer
Academic year2022
Period
4  (10/04/2023 to 02/07/2023)
Starting block
4
Course mode
full-time
Remarks-
Registration using OSIRISYes
Course open to students from other facultiesYes
Pre-registrationNo
Waiting listNo
Placement procedure-
Aims
The course Financial Accounting and Reporting (FAR) aims to train student as academic professionals in financial accounting and reporting.
At the end of this course, the students should be able to:
  1. Argue in line with the Accounting+ idea, and the overall Economics+ orientation of the program, and thus…
  2. Define the key concepts ‘Accounting’, ‘Financial Reporting’ and ‘Non-financial Reporting’, and explain how they are interrelated in real-world economic problems;
  3. Describe and explain the accounting principles, including the principles for valuation and income measurement allowed under IFRS;
  4. Prepare a set of financial statements including a balance sheet (a statement of financial position), a statement of cash flows, an income statement and a statement of comprehensive income, and a statement of changes in equity;
  5. Interpret and critically assess a company’s performance, financial position, and changes in its financial position;
  6. Explain and argue on the basis of theory how accounting choices may affect corporate decision-making and the quality of corporate reporting;
  7. Explain and argue how information in corporate reports may affect investors’ economic decision-making.-making and corporate control.
Content
The course Financial Accounting and Reporting (FAR) aims to contribute to the understanding of how financial reporting information should help to discipline managers to act in the interests of the capital providers and other stakeholders. From an agency perspective, the separation of ownership and control involves inherent conflicts of adverse selection and moral hazard problems. The information in corporate financial reports should help to reduce information asymmetry by providing information that is useful for investors and other stakeholder in making resource allocation decisions and/or assessing management stewardship. However, managers may behave opportunistically. They may distort the information disclosed the in financial reports in a way that is less useful for predicting future earnings and cash flows, or even stronger, manage the information to mislead capital providers and other stakeholders.
 
FAR provides students with theoretical foundations enabling them to critically assess how and to what extent financial statements may help to reduce adverse selection and moral hazard problems. In addition, students will develop a solid background knowledge for further professional application of accounting principles in various national and international contexts. For this reason, FAR provides an overview of accounting principles and accounting methods allowed under different global and local financial reporting standards. In addition, FAR provides insight into the impact that accounting choices might have on companies and investors' decision making and control. To train student's professional skills as preparers and informed users of financial reports, students have to practice questions, exercises and problems. A selection of these questions, exercises and problems, including the preparation of financial statements, will be discussed in the lectures.
Level
Financial Accounting and Reporting - Intermediate level
Presumed foreknowledge
Students are expected to have passed the bachelor’s course ‘Accounting’. The literature that is (or was) used in ‘Accounting’ is assumed as prior knowledge, i.e., Nobles, Mattison and Matsumura (2017), Horngren’s Accounting, Pearson, Global Edition, 12th edition (or: Horngren, Harrison and Oliver (2012), Accounting, Pearson Global Edition, 9th edition).
Test information
Written exam: multiple choice, true or false and open questions.
Specifics
At the end of the course, the students should be able to: – Describe and explain the accounting principles, including the principles for valuation and income measurement allowed under IFRS; – Prepare a set of financial statements including a balance sheet (a statement of financial position), a statement of cash flows, an income statement and a statement of comprehensive income, and a statement of changes in equity; – Interpret and critically assess a company’s performance, financial position, and changes in its financial position; – Explain and argue on the basis of theory how accounting choices may affect corporate decision making and control in accounting practices; – Explain and argue how information in corporate financial reports may affect investors’ economic decision making and corporate control.
Level
Ba 2 PM RE

Required materials
Book
Intermediate Accounting: IFRS Edition, 3rd edition (2018) or 4th edition (2020). ISBN: 9781119609247: This is the E-book, which is also sufficient to follow the course The 3th edition is also sufficient to follow this course.
ISBN:9781119609247
Title:Intermediate Accounting: IFRS Edition
Author:Kieso, Weygandt & Warfield
Publisher:Wiley
Edition:4

Recommended materials
To be announced
To be announced (via Brightspace).

Instructional modes
Lectures

General
The main focus of the lectures is on knowledge transfer to advance students' understanding of accounting theory and financial reporting practices. For this purpose, several guest speakers, who mostly work at audit firms, will also be invited to discuss the application of topics in accounting and auditing practices.

Practical sessions

General
In the practical sessions, the focus is mainly on the training of practical skills. During these sessions, questions, exercises and problems, including typical exam questions, will be discussed to train students’ professional skills and to prepare them for the exam. The course planning will be put on Blackboard

Tests
Exam
Test weight1
Test typeDigital exam with CIRRUS
OpportunitiesBlock 4, Block 5, Block 5

Remark
This year there is no Midterm Exam, so you do not need to register for this exam

Midterm Exam
Test weight0
Test typeDigital exam with CIRRUS
OpportunitiesBlock 4