Main Field of Study and progress level:
Business Administration: First cycle, has less than 60 credits in first-cycle course/s as entry requirements
Grading scale: Three-grade scale
Responsible department: Business Administration
Revised by: Rector of Umeå School of Business and Economics, 2015-06-11
Contents
An understanding of how to use, interpret, and analyze financial reports is important for those operating in an international business environment. The international financial reporting standards are introduced through a brief overview of financial accounting concepts and a description of the general accounting model. The interpretation of specific business transactions and approaches to the preparation of financial reports are also taught in this module. The approach enables students to see how accounting information is used, interpreted, and analyzed in real world decision making. The students will get an introduction and practical use of business systems in order to understand business processes.
Expected learning outcomes
After completing this module, the student should be able to:
● understand the basics of double-entry book-keeping and annual accounts ● possess the basic skills to independently analyze, interpret, and use information in financial reports ● describe the content and identify the links between the balance sheet, the income statement, statement of cash flows and supplemental disclosures ● explain and analyze the development of international financial reporting standards and standard harmonization in accounting ● understand the importance of ethics in the accounting profession ● at an introductory level understand how to use business systems and accounting systems
Required Knowledge
International Business Administration A 30 credits or similar.
Form of instruction
The learning is supported by lectures, exercises, case and workshops, discussions and a project. All teaching will be in English.
Examination modes
Examination will be based upon one or more group assignments and an individual written comprehensive exam. A passing grade is required on each part of the module. The course is given and examined in English. Note as well examination modes for the course below.
The following grading system is used: Pass with distinction (Väl godkänd, VG, 75% or more), Pass (Godkänd, G, 50% or more) and Fail (Underkänd U, less than 50%).
Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.
To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.
A student who does not pass at the time of the written examination will be offered an opportunity to sit a further examination within two months. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term.
In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the module. Mandatory assignments (seminars, written assignments, cases, computer assignments etc.) that have not been handed in within stipulated time must be done the next time the course is offered. If the form of examination does not permit repetition other forms of re-examination may be used.
When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity.
A student who has passed an examination can not redo the examination to get a higher grade.
If a student fails to present a photo ID at the occasion of a written exam in an exam room will not be allowed to take the exam.
Disciplinary action may be taken against students who uses unauthorized help aids or in some other way tries to mislead on a test or when another type of task is being evaluated. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. (see instructions in the thesis manual, Thesis Writing in Business Administration). Urkund records may be used for control. In addition, Umeå University rules and regulations for education and research applies: http://www.umu.se/regelverk/utbildning-pa-grund--och-avancerad-niva
Educational activities are designed to facilitate students towards achieving expected learning outcomes and can explain, supplement and provide contrast to the course literature and other relevant course materials.
Other regulations Academic credit transfers are according to the University credit transfer regulations.
Literature
Valid from:
2016 week 3
Horngren Charles T. Introduction to financial accounting 11., Pearson new, international ed. : Harlow : Pearson : cop. 2014 : [2], II, 526 p. : ISBN: 9781292040578 Mandatory Search the University Library catalogue
Articles will be added at the start of the module, approximately 40 pages in total.
Umeå School of Business and Economics (latest edition) Thesis writing in Business Administration. Thesis manual. Företagsekonomi :
