Financial Accounting B, 7,5 hp

Innehåll

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 course. 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

Förväntade studieresultat

After completing this course, the student should be able to:

• understand the basics of double-entry book-keeping and annual accounts.
• possess the basic skills to independently analyse,  interpreting, and use information in financial reports.
• describe the content and identify the links between the balance sheet, the income statement, the statement of cash flows and supplemental disclosures
• explain and analyse the development of international financial reporting standards and standard harmonization in accounting
• at an introductory level understand how to use business systems and accounting systems.

Behörighetskrav

Univ: At least 22.5 passed ECTS from the course International Business Administration A (2FE012) or similar.

Undervisningens upplägg

This course is presented through lectures, discussions, exercises and a project. All teaching will be in English.

Examination

Examination will be based upon one or more individual assignments, a group work and an individual written comprehensive exam. A passing grade is required on each part of the course.

All examination will be in English

Pass with distinction (Väl godkänd, Vg, 75% or more),
Pass (Godkänd, G, 50% or more)
Fail (Underkänd, U, less than 50%).

In order to pass the course, the student must complete all parts of the examination i.e. reach 50% of the points of each part. To receive the grade pass with distinction, the student must reach at least 75% of the total points on the course.

Students who fail to present a photo ID at the occasion of a written examination cannot have their results registered.

In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given on each occasion.

Students who do not pass the written examination will be offered a re-examination opportunity within a month. Beyond that, additional opportunities to complete the written examination normally arise every academic year one-week prior to the start of the autumn term.

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.

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.

Lectures are normally not obligatory. However attendance is expected because the lectures are designed to facilitate students towards achieving course specific learning objectives. In addition lectures often provide insightful explanations of, and can supplement and provide contrast to, the course litterateur and other relevant course materials.

Student who has passed an examination can not redo the examination to get a higher grading.

Grades on the course are awarded when students have passed all examinations and compulsory course elements.

Academic credit transfer
Academic credit transfers are according to the University credit transfer regulations.

Övriga föreskrifter

The course is included in the International Business Program at Umeå School of Business and Economics. The course is also offered to exchange students within formal exchange agreements.