Course syllabus - Financial Accounting and Consolidated Financial Statement

Objectives

The course aims at developing deeper knowledge regarding concepts within the international field of Financial Accounting. Further the course encourages understanding regarding the IFRS rules and group accounting.

Learning outcomes

After the course is completed the student should be able to
- show deeper understanding regarding different types of financial transactions 
- analyze financial rapports by using well established methods
- discuss and analyze the content of and identify connections between statement of financial position, income statement, cash flow analysis
- practice different group consolidation methods

Course content

The course covers central concepts and models as well as application of accounting in companies and groups. The knowledge is continuously practiced during the course. The course covers assets, liabilities, capital, expenses, revenues, cash flow analysis and different form of consolidations between mother and subsidiary companies in creating a consolidated group report.

Tuition

The education is given in English and consists of lectures and exercise sessions.
A web-based ålatform is used in the course for communication, discussion and presentation of course material.

Specific requirements

Business Administration 60 credits with progression including 15 credits accounting. 45 credits must be completed by course start. Of these, 15 credits must be on level G1F. In addition English course B/English course 6 is required.
Accounting can be achieved by any of the courses Financial Accounting I 7,5 credits, Cost and Management Accounting I 7,5 credits, Intermediate Financial Accounting 7,5 credits, Cost and Management Accounting II 7,5 credits or similar.
Foreign students are required to submit a test of English equivalent to a TOEFL test result of at least 575 with TWE score 4.5 (PBT) or 90 with TWE score 20 (iBT) or an IELTS test score for academic purposes with an overall band score of 6.5 and no band score below 5.5. The test is mandatory for all applicants except for those from Australia, Canada, Ireland, New Zealand, Great Britain and the USA.

Examination

Written individual rapport based on the exercise sessions (PM01), 1 credit,  marks Pass (G) 
Written group assignment (GRU1), 1,5 credit, marks Pass (G) 
Written exam (TEN1),  5 credits, marks Pass (G) or Pass with distinction (VG)

A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.

Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.

Grade

Pass with distinction, Pass, Fail