MAN-BCU2016
Financial Accounting and Reporting
Cursus informatieRooster
CursusMAN-BCU2016
Studiepunten (ECTS)6
Categorie-
VoertaalEngels
Aangeboden doorRadboud Universiteit; Faculteit der Managementwetenschappen; Bachelor Economie en Bedrijfseconomie;
Docenten
VorigeVolgende 1
Coördinator
dr. G.J.M. Braam
Overige cursussen docent
Examinator
dr. G.J.M. Braam
Overige cursussen docent
Contactpersoon van de cursus
dr. G.J.M. Braam
Overige cursussen docent
Docent
dr. G.J.M. Braam
Overige cursussen docent
Docent
dr. N.T. Niederkofler
Overige cursussen docent
Collegejaar2023
Periode
4  (08-04-2024 t/m 30-06-2024)
Aanvangsblok
4
Onderwijsvorm
voltijd
Opmerking-
Inschrijven via OSIRISJa
Inschrijven voor bijvakkersJa
VoorinschrijvingNee
WachtlijstNee
Plaatsingsprocedure-
Cursusdoelen
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 and corporate control.
Inhoud
Driven by real-world problems, FAR aims to contribute to the understanding of how financial reporting should help investors in their economic decision making and how to discipline managers to act in the interests of the capital providers. In addition, given the increasing public awareness of the role that corporations play in creating but also solving environmental and societal problems such as climate change, and social (in)equality, FAR embraces the Accounting+ idea. While accounting traditionally focused exclusively on financial capital and resources, the focus is shifting more towards natural and social resources and capitals, and the need for companies to become more responsible and accountable for the impacts of their decisions and activities on the environment and society. For this reason, FAR also pays attention to corporate non-financial and integrated reporting, and the increasing importance for firms to be accountable not only to providers of financial capital but also to other, non-financial, stakeholders.

To advance students' understanding of financial reporting practices, FAR focuses on accounting theory and accounting principles but also aims at developing students’ accounting and reporting skills on a professional level. From an agency perspective, the separation of ownership and control involves inherent conflicts of adverse selection and moral hazard problems. The information in corporate reports should help to reduce information asymmetry by providing information that is useful for investors and other stakeholders 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 and non-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 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.
 
Niveau
Financial Accounting and Reporting - Intermediate level
Voorkennis
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 (2021), Horngren’s Accounting, Pearson, Global Edition, 13th edition
Toetsinformatie
Digital on campus exams, which will be administered using the exam software Cirrus.
Bijzonderheden
 
Niveau
Ba 2 PM RE

Werkvormen
Hoorcolleges

Algemeen
The main focus of the lectures is on knowledge transfer to advance students' understanding of accounting theory and financial reporting practices.

Werkcolleges

Algemeen
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.

Toetsen
Tentamen
Weging1
ToetsvormDigitale toets met CIRRUS
GelegenhedenBlok 4, Blok 5