Financial Accounting

About

The course includes the following sessions which aim at laying the foundation for a solid understanding of financial accounting and reporting practices:

Purpose/function of accounting, different financial statements, basic assumptions in accounting
Double-entry bookkeeping technique
Accrual accounting
Ethics and internal control, cash and accounts receivables
Inventory
PPE and intangible assets
Current and long-term liabilities
Equity and equity investments
Cash flow statement
Financial statement analysis

Throughout the different sessions, students acquire general business knowledge by analyzing IFRS and US GAAP based financial statements of internationally operating companies with different backgrounds (service and product companies from different countries) with the aim of assessing the firm’s financial position and performance in light of the broader economic context.

The tasks of analysing financial data and assessing whether certain accounting regulations and practices meet the (intended) purpose of financial accounting aim at stimulating students’ curiosity about ambiguities in accounting and at helping students to develop a high degree of analytical and critical thinking.

Course leader

Kirstin Becker

Target group

This is a bachelor level course. CBS Summer University courses at Copenhagen Business School is open to all and welcomes domestic and international students as well as professionals.

Fee info