Advanced Financial Accounting, 7.5 Credits

Contents

The course develops students’ understanding of the International Financial Reporting Standards (IAS/IFRS) and the ability to handle also more complicated accounting issues. The course also covers ethical issues in accounting and sustainability reporting. Publicly traded companies have to apply the IAS/IFRS-standards in their consolidated reporting in Sweden, other EU member states as well as a large number of other countries. Privately held companies can also apply IAS/IFRS standards voluntarily in their consolidated reporting in Sweden as well as a large number of other countries.

Generic learning outcomes.

The course has a number of goals for the development of generic competences. After completing the course, the student should be able to:

• analyze and frame problems in the accounting area  
• understand and evaluate accounting and auditing related issues from an ethical perspective
• work effectively in team environments
• plan conduct, and present investigations, both orally and in writing

Expected learning outcomes

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

• apply the International Financial Reporting Standards in intermediate as well as more advanced situations.
• critique accounting choices from an ethical point of view
• use accounting principles and theory in order to evaluate and criticize accounting standards
• analyze the contents of companies’ sustainability reporting.

Required Knowledge

90 credits out of which 75 credits in Business Administration whereof 15 credit bachelor courses or equivalent. Approved 52,5 credits whereof 7,5 credits in bachelor courses.At least 7,5 credits in Finance courses.
It required to have broad knowledge of different specializations within the subject of Business Administration i.e. Management, Marketing, Accounting and Finance. Statistics 7.5 credits or equivalent.

Proficiency in English equivalent to Swedish upper secondary course English B, English/6.

Form of instruction

Learning is supported by lectures, exercises, cases and tuition.

Examination modes

Examination is based upon a written individual exam and group case-assignments. The cases are discussed in class and participation is obligatory. A passing grade is required for the individual exam as well as for the cases. The course is given and examined in English. Note as well examination modes below for the course as a whole.

The following grading system is used:
Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).

Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.

To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.

A student who does not pass at the time of the written examination will be offered an opportunity to sit a further examination within two months. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term.

In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the module. Mandatory assignments (seminars, written assignments, cases, computer assignments etc.) that have not been handed in within stipulated time must be done the next time the course is offered. If the form of examination does not permit repetition other forms of re-examination may be used.

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.

A student who has passed an examination can not redo the examination to get a higher grade.

If a student fails to present a photo ID at the occasion of a written exam in an exam room will not be allowed to take the exam.

Disciplinary action may be taken against students who uses unauthorized help aids or in some other way tries to mislead on a test or when another type of task is being evaluated. 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. In addition, Umeå University rules and regulations for education and research applies:  http://www.umu.se/regelverk/utbildning-pa-grund--och-avancerad-niva

Educational activities are designed to facilitate students towards achieving expected learning outcomes and can explain, supplement and provide contrast to the course literature and other relevant course materials.

Other regulations

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

This course can not be included in the degree together with 2fe107, 2fe195