Financial Accounting and Consolidated Reporting 5004

Prerequisites

5010 Business Financial Analysis and Accounts and 5011 Financial Accounting with Analysis

Course Objectives

This course will provide students with a further introduction to the principal tasks and responsibilities involved in balancing annual accounts in accordance with the Accounting Act and consolidated accounting requirements.

Course Description

 
 Main principles of accounting
 Rules for valuation
- valuation assessment of current assets, fixed assets, and debt items
- fiscal value assessments
 Own capital – management of profits
 Introduction to central accounting standards
 Notes to the accounts
 Annual report
 Consolidated accounting
- principles of consolidation
- takeover and minority interest
- elimination of internal transactions, profit and loss

Learning Methods

3-4 hours lectures per week in the spring semester (theory topics with examples, assignments).

Assessment Methods

3 obligatory assignments must be submitted; 2 of these must receive passing marks before the student will be permitted to sit the exam. Written individual examination, 4 hours.

Pensum