The student acquires an introductory level of understanding on finance and accounting
The student is able to assess and complete problems on the time value of money
The student is able to understand financial statements and assess the financial position of a real-world company based off these financial statements
The student understands the basics of valuation of bonds and equity and is able to value these instruments themselves
The student can work with double entry accounting on an introductory level
The student is able to complete problems on discounted cash flow (DCF) analysis
The student can work with formulas to calculate the value of perpetuities and annuities
- Financial statements
- Financial statement analysis
- Double entry accounting
- Time value of money
- Corporate governance
- DCF (discounted cashflow)
- Bonds and equity
- Capital budgeting
This course focuses on the following academic skills:
· Problem solving (identifying the problem, devising a path towards the solution, follow this path, verify the outcome).
· Identify, interpret and critically evaluate main lines of reasoning.
· Evaluate evidence in text and presentations.
· Application of MS Excel for accounting and finance assignments.
There will be plenary lectures, tutorials and online quizzes
The main focus of the lectures is on knowledge transfer and creating an understanding for the subject.
The tutorials will feature assignments and typical exam questions. Assignments will both be made at home and worked out together so that students are well prepared for the weekly quizzes and the final exam. The main focus of the tutorials is to get students to work, to work through exercises together, and to have more time for your questions.
The final course grade will be a weighted average of quizzes made in Connect (5%), a midterm (35%) and a final exam (60%).
The weekly quizzes will be online assignments on 'Connect'. This is an online learning and testing environment of the publisher of the textbook, McGraw-Hill. To access Connect you need the unique login code from your textbook. It is your responsibility to have access to the online environment on which the weekly quizzes will be offered and that you have a reliable and working internet connection for the weekly quiz. Students do not necessarily need to pass the weekly quizzes in order to pass the whole course.
All questions in the weekly exercises will be unique. Each student will get a random draw out of a pool of questions about the same topic and all calculus questions will be algorithmic. The time frame in which the weekly quiz can be answered will be limited.
Meeting the effort requirement consists of attendance of at least 5 out of 7 tutorials for which homework is required and active participation in the tutorials. For these tutorials homework needs to be handed in through Blackboard.
For questions about course content you can address your question to the coordinator.
In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. This will likely involve writing a substantial paper on a subject related to finance and accounting. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN number. Separate or spare codes are usually not available. Note that the book that is used in this course (together with Connect code) will be used in the second-year finance course as well.