6 ECTS credits
177 u studietijd

Aanbieding 1 met studiegidsnummer 4021710ENR voor alle studenten in het 1e semester met een verdiepend master niveau.

Semester
1e semester
Inschrijving onder examencontract
Niet mogelijk
Beoordelingsvoet
Beoordeling (0 tot 20)
2e zittijd mogelijk
Ja
Onderwijstaal
Engels
Faculteit
Faculteit Sociale Wetensch & SolvayBusinessSchool
Verantwoordelijke vakgroep
Business
Onderwijsteam
Gregory Desmet
Stefanie Ceustermans (titularis)
Thomas Selleslagh
Onderdelen en contacturen
39 contacturen Hoorcollege
13 contacturen Werkvormen en Praktische Oef.
115 contacturen Zelfwerk en -studie
Inhoud

In the part Finanial Reporting

  • we refresh basic accounting techniques (a.o. balance sheet equation and accrual income recognition) and the components of annual financial statements;
  • we obtain an understanding of the environment in which financial reporting takes place and how it is regulated; 
  • we acquire skills in how financial statements are analysed and interpreted (a.o. time series and cross-sectional analysis, accounting ratios, statement of cash flows, ROI decomposition);
  • we provide the basics of how consolidation is done and how a cash flow statement is prepared; 
  • we gain an understanding into earnings management and creative accounting techniques.

In the part Auditing (of financial statements):  

  • we obtain an understanding of the basic audit framework, audit quality and the inherent limitations of auditing;
  • we analyse the audit risk model (inherent risk, control risk, detection risk, materiality);
  • we analyse the types of audit opinion expressed in the auditor's report. 

The course does not situate itself in an individual national context. It uses International Financial Reporting Standards (IFRS) as its basis for Financial Reporting and International Standards on Auditing (ISAs) as its basis for Auditing.

Studiemateriaal
Handboek (Vereist) : Global Financial Accounting and Reporting, Principles and Analysis, Walter Aerts and Peter Walton, 5th, Cengage Learning, 9781473767126, 2020
Digitaal cursusmateriaal (Vereist) : Lectures Auditing will be accompanied by excerpts of International Statements on Auditing and own study material, made available, Canvas
Bijkomende info

The course consists of weekly theory lectures for which slides are provided. Workshops will mainly handle practical cases analysing financial statements. 

Lectures Financial Reporting will follow the textbook: Global Financial Accounting and Reporting. Principles and Analysis. 5th edition by Walter Aerts and Peter Walton. Published by Cengage Learning (2020). Print ISBN 9781473767140 OR eText ISBN 9781473767157. 

Lectures Auditing will be accompanied by excerpts of International Statements on Auditing and own study material, made available via the electronic learning environment Canvas. 

Complementary study material will be made available via the electronic learning environment Canvas. This material includes a.o. slide presentations of the lectures and case study material.

Teaching methods:

- Lecture: collective contact-dependent moments during which the lecturer engages with learning materials
- Seminar, Exercises or Practicals (Practical): collective or individual contact-dependent moments during which the students are guided to actively engage with learning materials
- Independent or External Form of Study (Self): independent study

This description of the teaching methods is indicative, in order to assess the expected study load.

Lecture: 39 hours (13 weeks x 3 hours )

Practical: 13 hours

  • 5 workshops x 2 hours : 10 hours
  • Collective and/or individual feedback and help: 3 hours

Self: 115 hours

  • Keeping up with theory lectures, 1 hour per lecture hour: 39 hours
  • Preparing for workshops, 2 hour per workshop hour: 20 hours
  • Preparation test basic accounting techniques: 16 hours
  • Preparation final exam: 40 hours (5 days of 8 hours)
Leerresultaten

General Competencies

The student:

  • Knows the basic accounting techniques and can read a (consolidated) financial statement; 
  • Can independently conduct a thorough financial statement analysis and provide a report commenting on a company’s position and development with regard to liquidity, solvency and profitability;
  • Understands the environment in which financial reporting takes place and how it is regulated;
  • Understands and is able to recognize creative accounting techniques taking into account simple cases;
  • Understands the basic steps of the audit process and auditing concepts;
  • Is able to formulate an audit opinion taking into account simple cases.

Beoordelingsinformatie

De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Schriftelijk bepaalt 100% van het eindcijfer

Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:

  • Written Test met een wegingsfactor 5 en aldus 5% van het totale eindcijfer.
  • Written Exam met een wegingsfactor 95 en aldus 95% van het totale eindcijfer.

    Toelichting: written closed-book exam

Aanvullende info mbt evaluatie

Two evaluation parts:

1_Written test on the basics of accounting : 5%

2_Written final exam (first and second session): 95%

At the beginning of the semester (around week 4) a test will be organised to test your knowledge on the basics of accounting. This test will count for 5% of the final course grade.

The final exam will count for 95% of the final course grade.

The test on the basics of accounting cannot be resumed in the second session. No replacement assignment will be organised. Grades on this component is transferred from the first to the second session, but are not transferred to the following academic year. If the test is not carried out during the semester, the grade on this component will be zero in the first and second exam session. As such the final grade will be limited to a maximum of 95% out of 20.

Toegestane onvoldoende
Kijk in het aanvullend OER van je faculteit na of een toegestane onvoldoende mogelijk is voor dit opleidingsonderdeel.

Academische context

Deze aanbieding maakt deel uit van de volgende studieplannen:
Master of International Business: Standaard traject (enkel aangeboden in het Engels)
Master of Business Engineering: Business and Technology: Standaard traject (enkel aangeboden in het Engels)