Vanwege het Corona virus is het nog onduidelijk hoe het onderwijs precies verzorgd gaat worden. Zie voor de actuele informatie de betreffende vakpagina’s op Blackboard/Brightspace.

Studiegids

nl en

Financial Reporting

Vak
2017-2018

Course requirements

Master degree in Law. This course is part of the Advanced Master Law and Finance.

More information: https://www.universiteitleiden.nl/en/education/study-programmes/master/law-and-finance

Course information

This course gives an introduction to financial reporting. More specifically, it will focus on accounting (including balance sheet management) and capital requirements. Accounting will be taught on the basis of the International Financial Reporting Standards (IFRS), i.e. the rules that dictate how financial statements must be organised. Students will learn how to critically assess a company’s financial statement, including its balance sheet, and income and cash flow statement. Also, key elements such as liquidity, solvency, profitability, and capital management will be discussed. These elements play a prominent role in valuation of publicly traded companies, banks included.

Course learning objectives

Any lawyer working in the field of finance should have knowledge of financial reporting.

  • Students gain overview knowledge and understanding of financial reporting rules, most notably IFRS, with a focus on Statement of Financial Position (balance sheet), Statement of Comprehensive Income, and Cash Flow Statement..

  • Students are able to explain the different functions of balance sheets and Statement of Comprehensive Income, and Cash Flow Statement;

  • Students are able to apply financial reporting rules in that they can show how various transactions change a compnay’s balance sheet and income and cash flow statement;

  • Students are able to critically assess a company’s financial statement, including its balance sheet and Statement of Comprehensive Income, and Cash Flow Statement as well as the rules that apply to it (IFRS).

  • Students will understand how a given transaction would affect a company’s balance sheet, and Statement of Comprehensive Income, and Cash Flow Statement.

  • More specifically, students gain thorough knowledge and understanding of business analysis and capital management.

Mode of instruction

Lectures

  • Number of (2 hour) lectures: 5

  • Names of lecturers: Dr. D.H. van Offeren

  • Required preparation by students: reading of prescribed materials

Seminars

  • Number of (2 hour) interactive workshops: 5

  • Names of instructors: Dr. D.H. van Offeren

  • Required preparations by students: reading of prescribed materials, preparation of case studies and any other assignments. A student cannot be absent from the seminars.

Course Load

Lectures: 5x2 hours: 10 hours
Seminars: 5x2 hours: 10 hours
Preperation of lectures seminars and exam: 118 hours
Exam: 2 hours

Total: 140 hours

Examination method

  • Presentation with short paper: 30%

  • Final exam: 70%; 2 hours written exam.

  • Students are able to apply financial reporting rules in that they can show how a given transaction would affect a company’s Statement of Financial Position (balance sheet), Statement of Comprehensive Income, and Cash Flow Statement;

  • Students are able to show they can critically assess a given company’s Statement of Financial Position (balance sheet), Statement of Comprehensive Income, and Cash Flow Statement under IFRS;

  • Students are able to show they can critically assess a given bank’s balance sheet under Basel III

Areas to be tested within the exam:
The examination syllabus consist of the required reading (literature) for the course, the course information guide and the subjects taught in the lectures, the seminars and all other instructions wich are part of the course.

The final grade, on the scale from 1(poor) to 10 (excellent), for the course is established by determining the weighted average and rounded to full grades. Grade 6 (5.5 rounded) is a pass.

The opportunity exists to re-take the exam. Further information will be communicated through Blackboard.

Blackboard

More information on this course is offered in Blackboard.

Course materials

Palepu, K.G., Healey, P.M. and Peek, E. (2016) Business Analysis and Valuation : IFRS edition. CENGAGE. 4th ed. ISBN: 9781473722651

Course reader is available to be downloaded from Blackboard.

Contact

Course Coordinator:
Dr. D.H. van Offeren
Email address: d.h.vanofferen@law.leidenuniv.nl

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address: lawandfinance@law.leidenuniv.nl