COURSE DESCRIPTION CARD Załącznik nr 2 do zarządzenia Rektora nr /12 NOTE: If the course consists of lectures and classes, the Course Description applies to both forms of teaching 1. Course title: Financial Reporting and Analysis 2. Course code in Polish: Sprawozdawczość i analiza finansowa Number of ECTS credits: 7 Course completion method:e Course commenced / Year 2014/2015 3. Faculty: Finance and Insurance 4. Field of Study: Finance and Accounting 5. Department of the Field of Study Coordinator: Department of Investments and Real Estate 6. Name of tutor: Lectures: Ewa Wanda Maruszewska PhD, Classes: Ewa Wanda Maruszewska PhD, Lab classes Examiner: Ewa Wanda Maruszewska PhD, 7. Tutor s department: Department of International Accounting 8. Number of contact hours with students: Type of course Full time study Part time study Lectures 28 Classes 45 Foreign language classes Lab classes Seminars Introductory Seminars Other Total hours 73 Examination (hours) 5 9. Course timeframe (no. of semesters) 4 Course commencement / Year 2014/2015 Course commencement / Semester SPRING 10. Stage of tertiary education: 1 st 11. Course status Compulsory for the field of study Compulsory for the specialization Finance and Accounting for Business Optional... - 1 -
12. Requirements Compulsory: Accounting for Business, Financial Accounting Recommended: 13. Course objectives: Familiarize students with factors influencing models of financial reporting and determinants of international financial reporting standards. Understanding the principles of valuation conducted in the process of preparation of statement of financial position. Presentation of measurement techniques of the results of economic operations conducted by business entities on domestic and foreign markets. Presentation of methods of financial analysis aiming to provide relevant information for management purpose. 14. Teaching and learning methods: A. Direct student/teacher contact hours: No. Teaching methods Description 1. Lectures using multimedia techniques A multimedia presentation illustrated with numerical exercises 2. Active lecture Discussion, case studies, brainstorming 3. Classes / exercises Discussion, case studies, brainstorming, analysis of financial reporting, solving practical tasks Number of teaching hours Full time study Part time study 20 8 45 Total AS:73 AN: B. Self-study hours: No. Learning methods Description 1. The notes analysis Getting familiar with the talks in terms of the presented theory, 2. Tests solving Solving practical 3. Solving a case study 4. Learning through role pretending tasks Creation of financial report based on teaching case Conducting financial analysis based on real data from business entity Multicriteria analysis of alternative solutions Number of hours Full time study Part time study 35 30 40 30-2 -
regarding financial reporting disclosure and its consequences Total BS: 135 BN: Total AS+BS = 73+135=208 Examination (E) = 5 Total AS+BS+E= 215 Total AN+BN =. Examination (E) =. Total AN+BN+E =. 15. Key words: financial reporting, accounting, financial analysis 16. Course content: 1. Introduction to international accounting regulations; domestic and European Union sources of accounting law 2. Conceptual Framework for Financial Reporting 3. Basic principles of financial reporting, contents and layout of financial reports 4. Measurement and disclosure of basic operations resulting in changes in assets, liabilities and equity 5. Financial results measurement standards and disclosure 6. Balance sheet and income statement interrelations; other elements of financial reporting Financial analysis tools and methods 17. Student learning outcome achieved in the course, as related to the outcome intended for the field of study. Methods of outcome achievement evaluation. Student learning outcome intended for the field of study / Symbols Student learning outcome achieved in the course Knowledge Methods of assessing student learning outcome achieved in the course FiR1_W03 FiR1_W04 FiR1_W06 FiR1_W07 FiR1_W08 1. Has obtained knowledge on relations (in micro and macro scale) among business entities. 2. Has obtained knowledge on types of social and business relations of the contemporary Economy and the patterns applicable, furthermore is able to use accounting information systems for reflecting the patterns and relations. 3. Has learnt methods and tools for description the structure and institutions of the real and financial terms and for analysing processes within and among those entities occurring also in the form of recording and reporting models 4. Has obtained knowledge on rules and regulations determining the behaviour of the entities of the real and financial terms and their importance to the accounting information system. 5. Has obtained knowledge on causes, course and consequences of the social and economical changes within business entities and is able to describe and analyse those based on accounting information. Skills Exam focused on cases of preparation and analysis of financial statements as well as legislative regulations, FiR1_U02 1. Is able to use basic theoretical knowledge for describing and analysing particular social, economical and financial phenomena and Open (written) exercises focused on the possibility of - 3 -
FiR1_U03 FiR1_U04 FiR1_U05 FiR1_U07 FiR1_U08 processes through, among others, the elements of the accounting system. 2. Analyses the causes and course of social, economical and financial processes also with the use of IT technology. 3. Is able to forecast social, economical and financial phenomena and processes with the use of standard methods and tools of financial accounting. 4. Is able to use normative systems, rules and regulations determining social, economical and financial behaviour. 5. Analyses suggested solutions to the problems and implies appropriate conclusions within the area. 6. Is able to forecast human behaviour, analyse their motives and indicate ethical, social, economical and financial outcomes. Social skills choice making in financial reporting and analysis FiR1_K02 FiR1_K03 FiR1_K06 FiR1_K07 1. Is able to use basic theoretical knowledge for describing and analyzing particular social, economical and financial phenomena and processes through, among others, the elements of the accounting system 2. Analyses the causes and course of social, economical and financial processes also with the use of IT technology 3. Is able to use sources and tools effectively, including accounting standards put at disposal to complete particular professional tasks.. 4. Analyses suggested solutions to the problems and implies appropriate conclusions within the area. Open (written) exercises focused on the possibility of choice making in financial reporting and analysis 18. Methods of grading student performance: No. Student performance assessment methods and course completion requirements Description Percentage of the final grade 1. The written exam Written test 30 2. Analysis of financial report 2. Tests (during classes) Includes test and numerical examples Written test and numerical exercises 20 50 * If students are required to earn credits and pass an exam, the credit accounts for at least 30% of the final grade 19. Reading list Compulsory reading list: 1. Ustawa z dnia 29 września 1994 roku o rachunkowości ze zmianami. 2. International Financial Reporting Standards 3. Krajowe Standardy Rachunkowości 4. Sierpińska M., Jachna T., Ocena przedsiębiorstwa według standardów światowych, Wydawnictwo Naukowe PWN, Warszawa 2004. - 4 -
5. Nowak E., Analiza sprawozdań finansowych, Polskie Wydawnictwo Ekonomiczne, Warszawa 2008. 6. Świderska K.G., Sprawozdanie finansowe według polskich i międzynarodowych standardów rachunkowości, Difin, Warszawa 2012. 7. Seredyński R., Krupa M., Stawowy A. i in., Międzynarodowe Standardy Rachunkowości, Poltext, Warszawa 2009. Recommended reading: 1. Wędzki D., Analiza wskaźnikowa sprawozdania finansowego, Tom 1 i 2, Oficyna Wolters Kulwer business, Kraków 2009. 2. Ćwiąkała-Małys A., Nowak W., Wybrane metody pomiaru efektywności podmiotu gospodarczego, Wydawnictwo Uniwersytetu Wrocławskiego, Wrocław 2009. 3. Irena Olchowicz, Agnieszka Tłaczała, Sprawozdawczość finansowa według krajowych i międzynarodowych standardów, Difin, Warszawa 2009 20. Language of instruction: English 21. Tutors recommendations: - 5 -