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Financial Reporting


Course requirements

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

More information:

Course information

This foundation course intends to give students of the Advanced Master Law & Finance an introduction to financial reporting in order to understand its basic principles based on the international financial reporting standards (IFRS). Students will learn how to critically assess the financial statement of a commercial business, including its Statement of Financial Position (balance sheet), Statement of Comprehensive Income (including the Income Statement), and Cash Flow Statement. The dynamics behind financing a business will be taught in an interactive setting. At the end of the course, we will look at sustainable finance disclosure requirements.

Course learning objectives

Upon successful completion of the course, students are able to:

  • Understand the dynamics and interrelation between the Statement of Financial Position (balance sheet), Statement of Comprehensive Income and the Cash Flow Statement under IFRS;

  • Understand and apply basic principles of ratios analysis for investment decision making;

  • Critically assess and evaluate a business by analysing financial statements using ratio’s for the purposes of financial funding (debt as well as equity) and investment decision making (capital management);

  • Identify and understand a general and first insight of sustainable finance disclosure requirements.

Mode of instruction

Lectures and seminars will be held in a weekly schedule in a classroom setting with mandatory class attendance. Only when required by government regulation or decided by the Programme Board, teaching will be conducted in an online setting.

  • Number of weeks: 5

  • Number of lectures & seminars: 10

  • Name of lecturer: Thieu Mooren

  • Required preparation by students: reading and viewing of prescribed materials, preparation of case studies and any other assignments.

Course Load

Lectures & seminars: 20 hours
Preperation for seminars and exam: 117 hours
Online exam: 3 hours
Total: 140 hours

Examination method

  • Individual assignment: 20%;

  • Paper: 30%;

  • Final exam (individual): 50%;

The final grade, on a scale from 1(poor) to 10 (outstanding), for the complete course will be the weighted average of the assignments and exam.

Final exam:
The final exam will cover all the material discussed during the lectures and seminars.

Further information about the assignments and the exam will be communicated to students through Brightspace, at the start of the course.

Course materials

Eddie McLaney, Peter Atrill, Accounting & Finance; an introduction, Pearson, 10th edition, 2020.

The course reader with relevant lecture slides and assignments will be made available online.


Course Coordinator:
Thieu Mooren
Work address: Steenschuur 25, Leiden;
Contact information after an appointment with the Secretariat 071 – 527 7851;

Institute: Institute of Tax Law and Economics
Department: Business Studies
Address secretariat: Steenschuur 25, Leiden (B2.26);

Office hours: Monday, Thursday and Friday between 9 o’clock and 5 o’clock;
Telephone number secretariat: 071 – 527 7851;

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address:

Disclaimer: Currently these pages are being updated to reflect the courses for 2022 - 2023. Until these pages are fixed as per 1 September 2022 no rights can be claimed from the information which is currently contained within.

Should there be any future changes of the Covid 19 virus which may impinge our teaching and assessment, these could necessitate modification of the course descriptions after 1 September. This will only happen in the event of strict necessity and the interests of the students will be taken into account. Should there be a need for any change during the course, this will be informed to all students on a timely basis. Modifications after 1 September 2022 may only be done with the approval and consent of the Faculty Board and Programme Director.