Financial Accounting


Content, progress and pedagogy of the module

The module gives the student an insight into the financial accounting of companies that follow the Danish Financial Statements Act. The module includes most existing accounting areas. Each accounting area has its own rules (principles). These areas are examined and highlighted individually.

The objective of the module is to provide knowledge of accounting in Danish companies and which mindset and approach to use in accounting. The student should have an insight into the respective accounting issues that exist.

Learning objectives


The objective is that the student after the module possesses the necessary knowledge on:

  • the key concepts, principles and methods of financial accounting.
  • the possibilities and limitations of accounting as a communication tool for external stakeholders.


The objective is that the student after the module possesses the necessary skills in:

  • being able to describe the structure and content of the accounting conceptual framework, explain the content of the basic assumptions of the Danish Financial Statements Act and their significance for the content of the accounts.
  • explaining the content of the accounting definitions of assets, liabilities, equity, income and expenses and argue for/against whether specific transactions and events meet the criteria.
  • being able to describe applicable rules and apply methods for recognising and measuring assets and liabilities, explain their operation and apply the rules and methods to concrete examples.


The objective is that the student after the module possesses the necessary competences in:

  • understand and identify issues in financial accounting.  
  • be able to solve the most common problems using relevant methods and digital tools.
  • be able to independently draw up annual financial statements covering the most common transactions.

Type of instruction

For information see § 17.



Name of examFinancial Accounting
Type of exam
Written exam
Permitted aids
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleEksternt regnskab
Module codeBAEØK20228
Module typeCourse
Duration1 semester
Language of instructionDanish
Location of the lectureCampus Aalborg
Responsible for the module


Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities