Advanced Financial Accounting

2019-2020

Course Objective

After successfully completing this course you (Academic and research
skills) :
- express considered views on the merits of the accounting treatments in
the standards discussed in the course, in particular with respect to the
usefulness of the resulting accounting numbers for strategy and
financial analysis;

After successfully completing this course you (Bridging theory and
practice, knowledge):
- answer factual questions about the standards or questions about the
interpretation of standards (e.g. is a particular treatment allowed or
not; explain the meaning or significance of specific clauses in
standards)
- discuss a company’s performance and competitive position within an
industry and the company’s corporate strategy.

After successfully completing this course you (Bridging theory and
practice, application):
- explain and discuss the application of these standards in sample
financial statements or simple example situations (financial and non
financial firms)

After successfully completing this course you (Professional/social
skills):
- learned working together in groups while preparing assignments
- learned discussing a variety of topics and expressing considered
views.

After successfully completing this course you (Broadening your horizon):
- have acquired a critical view on dealing with specific accounting
issues and the use of accounting information for business analysis.

After successfully completing this course you (Self-awareness):
- you have a clear view to what extent you accomplished the above
mentioned objectives.

Course Content

The course intends to provide students with a basic understanding of
financial reporting as practised today by internationally active
companies, and of the relevant institutional framework of accounting
standards.
In line with reporting requirements in the European Union from 2005
onwards, the course is based on International Financial Reporting
Standards (IFRS). Students will learn the nature and significance of
IFRS as well as on its impact on financial reporting practice. The
course does not intend to give a full review of IFRS. The course covers
the basic concepts underlying IFRS, illustrated on the basis of a
selection of topics.

Teaching Methods

Six hours of classes each week, including both lectures and tutorials
(assignment classes).
Lectures (Four hours) are plenary (for all students). The purpose of the
lectures is to provide an overview of the course topics.

The purpose of the tutorial (Two hours) is a discussion of an assignment
which students can prepare at home and hand in for grading.

Method of Assessment

Exam (individual) and assignments (group)

Entry Requirements

Students should be familiar with financial accounting at the level of
Weygandt, J.J., Kimmel, P.D. and D.E. Kieso, Financial Accounting: IFRS
Edition, Wiley. Latest edition.

Literature

The reading materials for this course consist of the following:
To be announced

General Information

Course Code E_BA_AFA
Credits 6 EC
Period P4
Course Level 400
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator drs. J.F. Veldman
Examiner drs. J.F. Veldman
Teaching Staff drs. A. Bavelaar

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Study Group, Lecture
Target audiences

This course is also available as: