AU kursuskatalog arkiv

After participation in this course, students should be able to:

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Describe how to post business transactions using T-accounts.

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Describe how to prepare a trial balance.

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Describe how to prepare income statements and balance sheets from the trial balance.

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Describe and evaluate the annual report (Årsrapporten) - primarily the income statement, the balance sheet and the cash flow statement - referring to the Danish accounting law and the accounting theory.

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Explain traditional costing and activity based costing referring to the direct costs and the indirect costs used in the financial statements.

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Evaluate the relevance of direct costs and indirect costs in different decision-making situations.

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Describe the standard system of management accounting text books for preparing an income statement budget, a balance sheet budget and a cash budget.

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Analyse financial statements (return on equity, return on assets, profit ratio, equity to total assets, contribution ratio, assets turnover, debtor turnover ratio, inventory turnover ratio). Perform index analyses and common size analyses.

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Bookkeeping

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Financial accounting - its role

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Financial accounting - legislative framework

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Income statement and revenue recognition principle

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Fixed assets

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Inventory methods

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Debt and interest

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Treatment of tax

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Equity

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Investment in securities

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Consolidated financial statements

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Activities translated from foreign currency

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Cash flow statement

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Financial analysis

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Cost concepts

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Relevant information for marketing and production decisions

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Budgeting

1.

Steensen, S. et al. (Latest edition). Indledning til virksomhedsøkonomi. Trojka, 5th ed.
Ch. 1 (pp. 9-16), Ch. 2 through 7 (107 pages)

Opgavesamling til Indledning til virksomhedsøkonomi (Latest edition). Trojka, 5th ed.
(Exercises only, not part of curriculum)

2.

Christensen, J. & M. Nielsen (Latest edition). Virksomhedens Årsregnskab. Except Ch. 2, 7 and 14 (approx. 262 pages)

3.

Årsregnskabsloven, lovbekendtgørelse nr. 647 of 15.6.2006 (available on www.retsinfo.dk )

4.

Årsregnskaber fra virksomheder (not part of curriculum)

5.

Horngren, C.T., G.L. Sundem & W.O. Stratton (2002). Introduction to Management Accounting. Prentice Hall. Ch. 4 (29 pages)

6.

Christensen, J. (2001). Omkostningsteori og regnskab. Syddansk Universitetsforlag. Ch. 3 (24 pages)

7.

Garrison, R. et al. (2003). Management Accounting. McGraw-Hill. Ch. 12 (32 pages)

8.

Schack, B. (2002). Regnskabsanalyse og virksomhedsbedømmelse. Ch. 1, 2, 3, 8 and 11 (approx. 145 pages)

Total curriculum approx. 625 pages

Material for the course, including items 5, 6 and 7 from the list, is sold in the Service Shop.