financial reporting

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FINANCIAL REPORTING
Master of Science in Economics & Business Administration
(March-April 2011)
Course Outline
Course Objective
This course aims to introduce students to selected issues
in financial reporting. After this course, students should
be able to understand the accountants’ work, interpret
and analyze the financial reports of listed companies in
general. The students should be familiar with the
financial reporting issues in the international context.
The course is based on International Financial Reporting
Standards, and also referring to US Generally Accepted
Accounting Principles. The course will also provide
opportunities for practicing problem solving, oral
communication and creative writing skills in English.
Lecturer
Dr. Qingmei Xue
Email: [email protected]
Class Room and Times
Aula
March, 7------April, 8
Monday 3pm – 6pm
Wednesday 10am – 1pm
Office hours
Monday 6pm-8pm, Tuesday 9am-12am
or by appointments
Assessment
Individual work
Group project presentation
Written report on case analysis
Final Examination-Close book (2hours)
Teaching method
Lecture 50%
20%
20%
10%
50%
1
Problem solving or case discussion 50%
Readings
Kieso, Weygandt, Warfield, Intermediate Accounting
(Wiley. 13 edition, 2010)
References
Alexander, Britton and Jorissen, International
financial reporting and analysis, Cengage Learning,
4edition, 2009
Alfredson, Leo, Picker, Pacter, Radford, Applying
International Accounting Standards, Wiley, 2005
 IFRS 2010
 FIAT annual report 2009
 Volkswagen annual report 2009
Materials permitted
Calculator is necessary for the test
Lecture Program
Course Contents
Part I A General Introduction to Financial Reporting
Chapter 1: Accounting standards and financial reporting
Chapter 2: Conceptual framework
Chapter 3: Accounting Information system
Chapter 4: Income Statement and Statement of changes in owners’ equity
Chapter 5: Balance Sheet and Statement of cash flows
Chapter 6: Other financial reporting issues and financial analysis
Part II Major issues in financial reporting
Chapter 7: Cash and Receivables
Chapter 8: Inventory
Chapter 9: PPE and Intangibles
Chapter 10: Liabilities and Owners’ equity
2
Tentative Lecture Plan
Monday
Wednesday
Date
March 7
March 9
Topic
Introduction
Accounting Standards and Financial Reporting
Date
March 14
March 16
Topic
Conceptual Framework
Accounting Information system
 Case presentation and discussion
 Review of individual assignment
Date
March 21
March 23
Topic
Income Statement and Statement of changes in
Balance Sheet and Statement of cash flows
owners’ equity
 Review of individual assignment
 Case presentation and discussion
Date
March 28
March 30
Topic
Balance Sheet and Statement of cash flows
Other financial reporting issues and financial
 Case presentation and discussion
analysis
 Review of individual assignment
Date
April 4
April 6
Topic
Major issues in financial reporting
Major issues in financial reporting
•
Case presentation and discussion
 Review of individual assignment
3
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