Denmark, Odense

Understanding and Using Companies’ Accounting Reports (cancelled)

online course
when 3 August 2020 - 14 August 2020
language English
duration 2 weeks
credits 5 EC

Due to the covid-19 outbreak, this course has been cancelled for 2020.

The course covers both financial and managerial accounting. The main emphasis will be: what accounting information is, how it is developed, how it is used and what does it mean. The key themes include:

Fundamental accounting concepts and principles
Interpretation of financial statements such as the income statement, the balance sheet and the cash flow statement
Basics of financial statement analysis
Cost Accounting and reporting
Planning and control
Costs for decision making

Course leader

Qiang Guo

Target group

Mandatory prerequisites:
A student who has passed part 1 or part 2 of the courses “Regnskab” or “Accounting” and cannot substitute for (replace) the course “Budget and Management Accounting”. Also, a student, who has completed “Regnskab”, “Accounting” or “Budget and Management Accounting” cannot take this course.

Recommended prerequisites:
The course is intended for students focusing on nonbusiness programs, so no particular prerequisites are required. However, a certain level of understanding on business management is appreciated.

Course aim

The course will provide a basic understanding of accounting, the language of business, with an emphasis on the use of accounting information in a business setting. The course covers accounting knowledge that are fundamental for any managerial position. The course will focus on how companies’ accounting reports are prepared for internal and external users and students will learn how to interpret and analyze accounting information from a user’s perspective. The course is intended for students without any accounting background but with interests in business related subjects.

Demonstrate skills, such that the students are able to:
Identify and explain how the accounting information is reported in key accounts of the financial statements (e.g., account receivable, inventory, short and long-term debt and so on).
Analyze certain transactions and determine the effects of the transactions on the financial statements.
Illustrate and discuss the effects of different methods used to prepare certain financial statements (e.g., direct or indirect method of presenting cash flows from operating activities).
Calculate and analyze different financial ratios based on the information reported in financial statements.
Analyze and explain the use of cost related information for the internal management of the firm (e.g., planning and controlling costs, and monitoring performance).
Analyze relevant costs for various decision makings of management.

Fee info

EUR 0: Exchange students from a partner university pay no tuition. Guest students pay tuition fees.

NON-EU student: 4035 DKK per course (538 Euro)

EU Students: 2400 DKK per course (320 Euro)

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