Financial Accounting 1


Content, progress and pedagogy of the module

The module provides the student with knowledge on advanced topics of financial accounting allowing the student to further the student´s knowledge and skills in the preparation and use of accounting information.

The module aims at advancing the student´s understanding of the concepts and principles of financial accounting and assist the student in comprehending and applying more advanced accounting techniques and methods in making accounting evaluations and preparing financial statements. It involves the techniques and methods that allow the student to master the advanced topics of tangible and intangible assets, leases and borrowing, inventories, equity, capital transactions, dividends, taxes, and several other topics, and to critically discuss the relevant issues of financial reporting.

The module gives the student a deeper knowledge of principal theoretical aspects of financial accounting and it enhances their technical proficiency in preparing financial statements.

Learning objectives


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

  • advanced methods and issues on the elements of assets, liabilities and stockholders’ equity.
  • the preparation of financial statements within a conceptual and regulatory framework.
  • theoretical perspectives and practical solutions to advanced financial accounting issues.


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

  • recording more complex transactions and analysing various advanced financial accounting problems.
  • selecting appropriate accounting policies and applying principles in different circumstances.
  • arguing scientifically, practically and contextually for possibilities and limitations concerning financial accounting.


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

  • preparing complex journal entries and handling advanced financial accounting issues.
  • analysing contemporary issues in financial accounting from a theoretical and/or practical perspective.

Type of instruction

For information see § 17.


Prerequisite for enrollment for the exam

  • A prerequisite for participating in the exam is an active participation in written assignment during the module.


Name of examFinancial Accounting 1
Type of exam
Written or oral exam
Individual examination.
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 titleEkstern rapportering 1
Module codeKAREV20214
Module typeCourse
Duration1 semester
Language of instructionDanish
Location of the lectureCampus Aalborg
Responsible for the module


Education ownerMaster of Science (MSc) in Business Economics and Auditing
Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities