Financial Reporting and Risk Management

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBM168A05
Vaknaam Financial Reporting and Risk Management
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester I a
ECTS 5
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Uitgebreide vaknaam Financial Reporting and Risk Management
Leerdoelen Upon completion of the course the student is able to:
1. Analyse business transactions critically and determine whether accounting principles have been implemented adequately.
2. Determine the suitable valuation methods for all financial statement items.
3. Compile reliable financial statements and justify their 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 achievement of the organisation’s objectives. Some of the risks are related to compliance with laws and regulation, and more particularly to reliable financial reporting. To assess financial reporting risks, the adequacy of how an organization has applied the accounting principles and valuation methods has to be determined. A first, but important, step in understanding financial reporting issues is a thorough understanding of journal entries. A second step is to evaluate the 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 be detrimental to 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.
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 persective regarding risk management issues including an organisation’s risk culture and ethical considerations.
Uren per week
Onderwijsvorm hoor- en werkcolleges
(Uren per week: 4)
Toetsvorm opdracht(en), schriftelijk tentamen
(Assignment(s), exam)
Vaksoort master
Coördinator dr. K. Linke
Docent(en) N. Hussain, PhD. ,dr. K. Linke
Verplichte literatuur
Titel Auteur ISBN Prijs
Financial Accounting, International Financial Reporting Standards Harrison et al. 9780273777809 ca. €  82,00
Entreevoorwaarden Students are expected to have passed at least an introductory course in Financial Accounting. Students have to make assignments and present their work in class.
Opmerkingen
Opgenomen in
Opleiding Jaar Periode Type
Courses open to Exchange Students (MSc)  ( Courses open to Exchange Students (MSc) without limited access ) 1 semester I a keuze
MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester I a keuze
MSc BA - Organizational & Management Control/O&MC  (keuzevakken MSc BA O&MC) 1 semester I a keuze
MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester I a keuze
MSc Finance  (keuzevakken A MSc Finance) 1 semester I a keuze
MSc Supply Chain Management/SCM  (keuzevakken MSc SCM) 1 semester I a keuze