Financial Reporting and Risk Management

Faculteit Economie en Bedrijfskunde
Jaar 2022/23
Vakcode EBM168A05
Vaknaam Financial Reporting and Risk Management
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester I a
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Uitgebreide vaknaam Financial Reporting and Risk Management
Leerdoelen Upon completion of the course the student is able to:
1. Analyze business transactions and determine whether accounting principles have been implemented adequately.
2. Determine suitable valuation methods for all financial statement items.
3. Compile reliable financial statements and justify the choices.
4. Evaluate complex financial reporting cases taking into account multi/layered risks and ethical considerations.
5. Determine and assess an organization´s exposure to various types of operational and strategic risks.
6. Examine how formal systems can be used to manage risks.
7. Critically evaluate the use of risk management systems, and point out why, in addition to such formal systems, also the organization´s risk culture is important.
Omschrijving Every organisation faces a variety of risks. Unexpected events in its external or internal environment may affect the probability of achievement of the organisation's goals. Some of the risks are related to compliance with laws and regulation, and more specifically to reliable financial reporting. To assess the financial reporting risks, the adequacy of how an organization has applied the accounting principles and valuation methods should be determined. The first step in understanding financial reporting issues is a thorough understanding of journal entries. The second step is the evaluation of choices and risks that a manager faces when financial statements are compiled. In addition to financial reporting risks, organizations are also exposed to risks related to their core activities. For instance, changes in market circumstances may threaten the organisation's ability to achieve its strategic objectives, or some of the organisation's assets may disappear due to fraud by employees. Ignoring risks can endanger the organisation's survival. Therefore, organisations often rely on systems which enable them to identify and assess risks, and to develop and monitor control activities. However, using such systems also has its drawbacks. In this course, a textbook will be used to refresh students' understanding of business transactions, valuation and accounting principles. Cases and academic papers will provide the basis for a critical thinking regarding risk management issues including an organisation's risk culture and ethical considerations.
Uren per week 3
Onderwijsvorm -hoorcollege ,  -werkcollege
(Hours per week: 4)
Toetsvorm -groepsopdracht,  -groepspresentatie,  -schriftelijk tentamen (open vragen)
(Students have to make assignments and present their work in class.)
Vaksoort master
Coördinator Dr. N. Hussain
Docent(en) Dr. N. Hussain ,dr. K. Linke
Verplichte literatuur
Titel Auteur ISBN Prijs
Financial Accounting, International Financial Reporting Standards, 11th global edition Harrison, W.T., et al. 9781292211145 ca. €  80,00
Entreevoorwaarden Students are expected to have passed at least an introductory course in Financial Accounting.
Opmerkingen Secretary: drs. Jessica Bakker, tel: +31 (0)50 36 33535, room 5411-829, email:
Opgenomen in
Opleiding Jaar Periode Type
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester I a keuze
DD MSc IFM - UCSC, Milan (2-year)  (keuzevakken DD MSc IFM - UCSC, Milan) 2 semester I a keuze
MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester I a keuze
MSc BA - Management Accounting and Control/MAC  (keuzevakken MSc BA MAC) 1 semester I a keuze
MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester I a keuze
MSc BA - Strategic Innovation Management/SIM  (keuzevakken MSc BA-SIM) 1 semester I a keuze
MSc Finance  (keuzevakken A MSc Finance) 1 semester I a keuze
MSc International Financial Management/IFM  (keuzevakken MSc IFM) 1 semester I a keuze
MSc Supply Chain Management/SCM  (keuzevakken MSc SCM) 1 semester I a keuze