1. Home
  2. NOVA School of Business and Economics
  3. International Master's in Finance
  4. Financial Reporting

Financial Reporting

Objectives

The course has a practical emphasis and combines lectures, individual assignments, and group assignments to give students the ability to (i) prepare, read, and analyze companies’ financial statements and (ii) understand why firms choose certain accounting methods. The course is particularly relevant for students who are interested in pursuing a career in auditing, public accounting, consulting, credit and equity analysis, corporate finance, and banking.

General characterization

Code

2238

Credits

3.5

Responsible teacher

João Miguel Gonçalves Do Carmo Filipe

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

n/a

Bibliography

The textbook used is: "Financial Accounting and Reporting" by Elliott and Elliott, 18th Edition, Pearson.

The course builds on knowledge acquired during introductory undergraduate accounting courses. Useful background readings are the following:

1. Financial Accounting by Short, Libby, and Libby, 7th edition, McGraw-Hill.

2. Introduction to Financial Accounting by Horngren, Sundem, Elliott, and Philbrick, 10th edition, Pearson.


Teaching method

Weekly class load of 3 hours. Classes are devoted to the presentation of the material by the instructor and to application of the material in the form of exercises. Also, we will discuss applications of the material to real-world problems using research projects. The individual assignments give students an opportunity to assess their progress in the course. Class attendance is optional but strongly encouraged. Prompt arrival at class is expected. Students are expected to participate actively, both during class and in its preparation.


Evaluation method

Grades will be determined using the following factors and relative weights:
1.    Final exam: 50%
2.    Individual assignment (in class): 20%
3.    Group assignment: 30%
The final exam is mandatory and comprehensive. Students are not allowed to consult any materials during the exam. There is no minimum grade requirement for the exam.

Subject matter

•    Introduction to financial statements
•    Revenue recognition
•    Statement of Cash-Flows
•    Financial instruments
•    Employee benefits
•    Property Plant and Equipment
•    Intangible Assets
•    Inventory
•    Preparation of consolidated financial statements