Prospectus

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Financial Reporting

Course 2018-2019

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

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

The following achievement levels apply with regard to the course:

• 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

Mode of instruction

Lectures & seminars
• Number of (2 hour) lectures & seminars: 10
• Names of lecturers: Dr. D.H. van Offeren
• Required preparation by students: reading of prescribed materials, preparation of case studies and any other assignments

Course Load

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

Total: 140 hours

Examination method

• Presentation with short paper: 30%
• Final exam: 70%; 2 hours written exam.

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

Presentation with short paper:
Students are required to deliver a 15 minute presentation on an assigned topic which is part of the relevant subject discussed during the course. The presentation cannot be retaken. The short paper will require you to write an essay of 2500 words on on one of the topics discussed in the course.

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

Further information about the presentation, paper and the exam will be communicated to students through Blackboard at the start of the course.

Blackboard

Course reader and additional literature is distributed through Blackboard.
Submission of paper via Blackboard using safe assignment.

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