Basic Financial Accounting, 7.5 credits
Basic Financial Accounting, 7,5 högskolepoäng
Course Syllabus for students Autumn 2020
Course Code: ACBG13
Confirmed by: Council for Undergraduate and Masters Education Jan 4, 2013
Revised by: Council for Undergraduate and Masters Education Oct 2, 2019
Valid From: Aug 17, 2020
Version: 5
Education Cycle: First-cycle level
Disciplinary domain: Social sciences
Subject group: FE1
Specialised in: G1N
Main field of study: Business Administration

Intended Learning Outcomes (ILO)

On completion of the course the students will be able to:

Knowledge and understanding

1. Explain and discuss fundamental accounting concepts in financial transactions and the accounting cycle.

Skills and abilities

2. Perform double entry bookkeeping and prepare basic financial statements
3. Analyse and interpret the financial reports of a company.
4. Apply the accounting concepts in accounting practice
5. Use Excel to calculate basic accounting measures

Judgement and approach

6. Identify and interpret basic financial accounting problems.


This is an introductory course designed to give students an overall picture of the accounting cycle.
Important topics covered during the course include:

Type of instruction

Lectures, seminars and a compulsory group assignment involving analysis of annual reports.

The teaching is conducted in English.


General entry requirements and Civics A, English B, Mathematics C Or: Civics 1b / 1a1 +1a2, Mathematics 3b / 3c (Field-specific entry requirements 4) and required grade Passed/E or the equivalent.

Examination and grades

The course is graded A, B, C, D, E, FX or F.

Individually written exam (ILO:s 1-6) representing 4.5 credits.
Group assignment, written and oral, (ILO:s 3, 4) representing 3 credits.
Individual Excel quiz (ILO 5), Pass/Fail, representing 0 credits.

A pass must be achieved on the exam, the assignment and the Excel quiz in order to pass the course. The final grade is based on the combined result of all tests. The course is examined both individually and in group.

Registration of examination:
Name of the TestValueGrading
Examination17.5 creditsA/B/C/D/E/FX/F
1 Determines the final grade of the course, which is issued only when all course units have been passed.

Course evaluation

It is the responsibility of the examiner to ensure that each course is evaluated. At the outset of the course, evaluators must be identified (elected) among the students. The course evaluation is carried out continuously as well as at the end of the course. On the completion of the course the course evaluators and course examiner discuss the course evaluation and possible improvements. A summary report is created and archived. The reports are followed up by program directors and discussed in program groups and with relevant others (depending on issue e.g. Associate Dean of Education, Associate Dean of faculty, Director of PhD Candidates, Dean and Director of Studies). The next time the course runs, students should be informed of any measures taken to improve the course based on the previous course evaluation.

Other information

Academic integrity
JIBS students are expected to maintain a strong academic integrity. This implies to behave within the boundaries of academic rules and expectations relating to all types of teaching and examination.
Copying someone else’s work is a particularly serious offence and can lead to disciplinary action. When you copy someone else’s work, you are plagiarizing. You must not copy sections of work (such as paragraphs, diagrams, tables and words) from any other person, including another student or any other author. Cutting and pasting is a clear example of plagiarism. There is a workshop and online resources to assist you in not plagiarizing called the Interactive Anti-Plagiarism Guide.
Other forms of breaking academic integrity include (but are not limited to) adding your name to a project you did not work on (or allowing someone to add their name), cheating on an examination, helping other students to cheat and submitting other students work as your own, and using non-allowed electronic equipment during an examination. All of these make you liable to disciplinary action.

Course literature


Porter and Norton: Financial Accounting: The Impact on Decision Makers; Cengage Learning. 10th edition