Financial Reporting and Analysis Course Code : 1201TEWBDK Study domain: Accountancy & Audit Semester: Semester: 2nd semester Sequentiality: The student must have obtained a credit for the following course: - 'Accountancy' of 'Inleiding tot de financiële verslaggeving' of 'Financiële verslaggeving: beginselen en analyse' Contact hours: 60 Credits: 6 Study load (hours): 168 Contract restrictions: No contract restriction Language of instruction : Dutch Exam period: exam in the 2nd semester Tutor(s) Patrick d'Haens   1. Prerequisites At the start of this course the student should have acquired the following competences: An active knowlegde of : Dutch General knowledge of the use of a PC and the Internet Specific prerequisites for this course: Accounting course (1st BA) 2. Learning outcomes The objectives of this course are the following. First, students should gain a clear understanding of the economic and institutional framework of financial reporting that determines financial reporting quality. Secondly, students should obtain a solid knowledge of the basics of group accounting. Thirdly, students should gain an insight into some important concepts and special topics within financial reporting following the International Financial Reporting Standards (IFRS). Finally, students should be able to perform a financial statement analysis of individual financial statements and group accounts, and consider accounting quality and the influence of accounting standards (IFRS) in this respect. 3. Course contents In the first part, students will be given an overview of the economic and institutional framework of financial reporting that determines financial reporting quality, based on insights from academic research. Subsequently, an introduction will be given to the major issues within group accounting. In particular, the following issues will be dealt with: concepts of group and control, requirements to prepare group accounts, group accounting methods, goodwill, minority interests, elimination of inter-company transactions, preparation of the consolidated balance sheet and income statement. The preparion of group accounts is considered following Belgian Company Law and following IFRS (International Financial Reporting Standards). The first part is concluded with the introduction of some important concepts and special topics within financial reporting following IFRS: deferred taxes, fair value accounting and impairment, financial instruments, and the effects of changes in foreign exchange rates. The second part deals with financial statement analysis of individual financial statements and group accounts. Next to studying the traditional tools and instruments for financial statement analysis, attention will also be given to cash flow analysis, segment- and interim reporting, non-financial information in the annual report, the advent of internet reporting and XBRL, and bankruptcy prediction. Furthermore, evaluation of accounting quality and the influence of IFRS is dealt with. Finally, the role of corporate governance and external auditing for financial reporting is discussed using insights from academic research. 4. Teaching method Class contact teaching: Lectures Practice sessions Tutorials Personal work: Assignments:Individually Casussen: In group 5. Assessment method and criteria Examination: Written without oral presentation Written exam: electronical Closed book Multiple-choice Open-question Continuous assessment: (interim) tests Written assignment: Without oral presentation 6. Study material Required reading Vanstraelen, A. (2005), Financiële Rapportering en Analyse - Met oefeningen, 2e editie, Acco Optional reading The following study material can be studied on a voluntary basis: Alexander, D., A. Britton & A. Jorissen (2005), International Financial Reporting and Analysis, 2nd edition, Thomson. 7. Contact information (+)last update: 09/02/2013 20:22 patrick.dhaens

Inhoudsverantwoordelijke(n) : Facultaire administratie