BUS110 Accounting - Financial Reporting and Analysis

Businesses must prepare annual accounts, which give everyone who wants insight into how the business has developed. This course provides knowledge about how the annual accounts are created and how they can be used. The accounts must be set up in a specific way. The legislation in this area is extensive, and it regulates the entire production process: From the bookkeeping of the transactions that the company carries out to the kind of information that is to be provided in the publicly available annual report. The first part of the course is devoted to techniques and methods used for a company to register all transactions it makes during a year. At the end of the financial year the company must show the the assets and liabilities it has and the profits. The second part of the course is devoted to this process, and this part deals with what the accounts should contain of information and the rules to be used when assets and liabilities are to be valued and the result measured. Accounts are publicly available, and the most important information about each company is just a keystroke away since the key figures are freely available on the internet. The third part of the course deals with how the accounts can be used for analysis, valuation and credit assessment.