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Cursus: ECB1IFA
Introduction to Finance and Accounting
Cursus informatieRooster
Studiepunten (ECTS)7,5
Categorie / Niveau1 (1 (Bachelor Inleiding))
CursustypeCursorisch onderwijs
Aangeboden doorFaculteit Recht, Economie, Bestuur en Organisatie; Undergraduateschool REBO; Bachelor Economie en bedrijfseconomie;
Contactpersoondr. A. Kaakeh
Contactpersoon van de cursus
dr. A. Kaakeh
Overige cursussen docent
1  (06-09-2021 t/m 14-11-2021)
TimeslotAD: AD
OpmerkingCannot be combined with EC2PCF.
Minor students cannot combine this course with ECB2FIN.
Cursusinschrijving geopendvanaf 31-05-2021 t/m 27-06-2021
Inschrijven via OSIRISJa
Inschrijven voor bijvakkersNee
Na-inschrijving geopendvanaf 23-08-2021 t/m 24-08-2021

Learning objectives

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

This course covers the basics of corporate finance, principals of accounting and financial statements, emphasising their role and application to variety of situations but mainly to corporate finance and corporate decision making. It starts by presenting key concepts like time value of money, the value of a bond and a stock , financial risk, CAPM and accounting. The course provides exercises and tutorials to practice these newly introduced topics . It also stresses the importance of Excel to make the course more hands-on.

From time value of money to capital asset pricing model, the course prepares students with the required fundamentals to build on later in their bachelor. The course also familiarizes students with the terms and concepts of accounting, explaining bookkeeping and providing a solid foundation to financial statement analysis.

Time value of money
Future value and Present value
Perpetuities and Annuities
Valuation of Bonds and equities
Financial Statements
Accounting entries and the ledger accounts
operating cycle and income statement
Accrual accounting and cash accounting
Investment decision rules
From financial statements to cash flows
Introduction to risk and return
Capital asset pricing model

Academic skills
This course focuses on the following academic skills:

Analytical 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 of 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.

Assessment method
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.

Effort requirements
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.
LAS students, PPE students or students taking the minor Entrepreneurship, can enrol by contacting the student information desk:
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. 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.

Je moet voldoen aan de volgende eisen
  • Ingeschreven voor een opleiding van de faculteit Faculteit Recht, Economie, Bestuur en Organisatie
  • Ingeschreven voor één van de volgende opleidingen
    • Economics and Business Economics
    • Liberal Arts and Sciences
    • Philosophy, Politics and Economics
  • In Blok 1 moet je deel uitmaken van één van de volgende doelgroepen
    • PPE students
Verplicht materiaal
Brealey, Myers and Allen (2019) Principles of Corporate Finance, 13th edition with 2 year access to Connect, ISBN: 9781447021827 Make sure to buy the International edition of the textbook (check the ISBN number to be sure). And make sure to buy a version with the Connect-code included.
Aanbevolen materiaal
Custom book Introduction to Finance and Accounting, based off chapters 1-4 of Libby, Libby and Hodge (2019) Financial Accounting, 10th edition. ISBN: 9781307452259


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Connect quizzes
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