Upon successful completion of this course, the student is able to:|
understand how to measure the financial position and performance of a firm, and be able to analyze and interpret financial statements;
understand (and apply) different cost allocation methods and determine service/product costs, and understand their effects on the balance sheet and profit-and-loss statement;
apply approaches to prepare decision making;
explain processes related to planning, control and budgeting, and interpret differences between plan and actual;
understand the advantages and disadvantages of different sources of financing, explain how financing is attracted and the role of the stock exchange.
The aim of the course is to obtain introductory level knowledge on accounting and finance issues. The course is a preparation for more specialized courses.
Students will learn different concepts from two important interacting areas of business administration: accounting and finance. They will learn how company executives can use financial information for reporting and business decision-making. Furthermore, students will learn sharpening accounting and financial analysis skills by working on assignments.
During the tutorials students will practice based on assignments the different concepts and related calculations from the lectures. Before the tutorial each student prepares end of chapter assignments, which will be discussed during the tutorial.
accounting, finance, valuation, financial statements, cash flows, financial statement analysis, cost concepts, full costing (e.g. ABC costing), budgeting and control, financial decision making including capital investment decisions, sources of finance
Interim test (20%); Written examination (80%);
The interim test contains of multiple choice questions and the written examination contains of both multiple choice and open questions, and they count for respectively 20% and 80% of the final grade. Both are closed book exams, and non-programmable/non-graphical calculators are allowed.
Contribution to the programme learning goals
Subcomponents of the final grade, are only valid in the academic year when the test/exam were made, i.e. the interim test is valid until the first resit.
There is no opportunity to resit the interim test, if you fail the interim test this mark will count towards your final grade.
In case the examination board allows the student to take a second resit of the written exam, the student will also have to fulfill possibly changed requirements of the following academic year.
Students acquire theoretical and practical knowledge about business organizations, and the interactions between a firm and its external environment.
Students learn advantages and disadvantages of alternative business principles and financial management techniques.
Students become familiar with the skills necessary to manage financial decisions.
Recommended prior knowledge
There are no prerequisites for this course.
Knowledge integration with other courses
Accounting & Finance is part of the Business Administration pre-Master’s programme. The course fits with some other business administration core subjects like corporate finance, organization.