Dit vak wordt in het Engels aangeboden. Omschrijvingen kunnen daardoor mogelijk alleen in het Engels worden weergegeven.
Doel vakAccounting information is used in almost all business decisions which
require economic analysis. The objective of this course is to ensure
that students entering in the MSc Accounting & Control have a good
understanding of basic concepts used in economic analysis and decision-
making, and how accounting information relates to these concepts and
decisions. The decision making is complex process which requires giving
due consideration to a firm’s own facts and those of the economy as a
whole. Accordingly, decision makers need to complement accounting data
with other economic and macro level data. However, the accounting data,
as reported in the financial statements, is not always presented in a
way so as to be readily usable for decision making rather sometimes this
data is required to be processed further to make it decision relevant.
Similarly, as financial statements are prepared to serve the needs of a
wide range of users, the financial statements contain loads of
information other than what might be required for a particular business
decision. Students in this course will learn how to identify and select
the information that is pertinent to a particular decision making task
and use it in the light of economic theories to make the appropriate
After completion of the course, students will be able to:
• Comprehend that accounting information is widely used in decision
• Understand the key concepts of accounting, economics and finance, how
these concepts are related to each other and are combined together by
managers and investors to use and interpret accounting data.
• Understand the important economic theories that give guidelines about
the form and the content of financial statements and thus contribute to
the enhancement of decision usefulness of the financial statements.
• Have familiarity as well as the ability to use tools and techniques
that are essential to understand how financial information is evaluated
and decisions are made by middle and top level management.
Inhoud vakThe course starts with the discussion of the basic concepts of the
financial management. The course builds on these concepts to introduce
students with more complex topics and related quantitative techniques.
The key topics discussed in this course include: the features and role
of financial markets and financial institutions in the business world,
the cost of money, the time value of money, forms of securities and
their valuation, types of risk faced by investors and their effect on
the required rate of return, cost of capital, capital structure, capital
budgeting techniques and determinants of dividend policy.
OnderwijsvormMainly self-study, 6 class room sessions, web lectures.
ToetsvormThe assessment for this course is based on a written exam that
comprises of open questions.
Literatuur- Scott Besley, Eugene F. Brigham, CFIN 5, and (Cengage Learning, 2015):
ISBN: 9781305661653. Available at VU bookstore.
-Selected research articles available on Canvas.
Aanbevolen voorkennisStudents are expected to have followed a basic financial accounting
course. A familiarity with algebra and basic mathematical concepts is
also desirable but not a must.
|Vakcoördinator||drs. S. den Harder RA|
|Examinator||prof. dr. O.C. van Leeuwen|
drs. S. den Harder RA
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