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Financial Reporting


Course requirements

Master degree in Law. This course is part of the Advanced Master Law and Finance.

More information:

Course information

This foundation course intends to give students of the Advanced Master Law & Finance an introduction to financial reporting in order to understand its basic principles based on the international financial reporting standards (IFRS). Students will learn how to critically assess the financial statement of a commercial business, including its Statement of Financial Position (balance sheet), Statement of Comprehensive Income (including the Income Statement), and Cash Flow Statement. The dynamics behind financing a business will be taught in an interactive setting. At the end of the course, a preview and basic understanding of the financial reporting within banks will be addressed to understand both sides of the economic system.

Course learning objectives

Upon successful completion of the course, students are able to:

  • Understand the dynamics and interrelation between the Statement of Financial Position (balance sheet), Statement of Comprehensive Income and the Cash Flow Statement under IFRS;

  • Understand and apply basic principles of ratios analysis for investment decision making;

  • Critically assess and evaluate a business by analysing financial statements using ratio’s for the purposes of financial funding (debt as well as equity) and investment decision making (capital management);

  • Identify and understand a general and first insight of the financial reporting of banks (including liquidity and solvability ratio’s).

Mode of instruction

Lectures and seminars will be held in a weekly schedule in a classroom setting.

  • Number of weeks: 5

  • Number of lectures & seminars: 10

  • Name of lecturer: Thieu Mooren

  • Required preparation by students: reading and viewing of prescribed materials, preparation of case studies and any other assignments.

Course Load

Lectures & seminars: 20 hours
Preperation for seminars and exam: 117 hours
Exam: 3 hours
Total: 140 hours

Examination method

  • Individual assignment: 20%

  • Group assingment: 30%

  • Final Exam: 50%

The final grade, on a scale from 1(poor) to 10 (outstanding), for the complete course will be the weighted average of the assignments and exam.

Final exam:
The final exam will cover all the material discussed during the lectures and seminars.

Further information about the assignments and the exam will be communicated to students through Brightspace, at the start of the course.

Course materials

Eddie McLaney, Peter Atrill, Accounting & Finance; an introduction, Pearson, 10th edition, 2020.

The course reader with relevant lecture slides and assignments will be made available online.


Course Coordinator:
Thieu Mooren
Work address: Steenschuur 25, Leiden;
Contact information after an appointment with the Secretariat 071 – 527 7851;
E-mail: TBC

Institute: Institute of Tax Law and Economics
Department: Business Studies
Address secretariat: Steenschuur 25, Leiden (B2.26);

Office hours: Monday, Thursday and Friday between 9 o’clock and 5 o’clock;
Telephone number secretariat: 071 – 527 7851;

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address:

Disclaimer: This course has been updated to the best of our knowledge at the current time of publishing. Due to the Covid-19 pandemic and the fluctuating changes in lock down regulations all information contained within this course description are subject to change up to 1 September 2021.
Due to the uncertainty of the Covid-19 virus after 1 September 2021, changes to the course description can only be made in the event of strict necessity and only in the circumstances where the interests of the students are not impinged. Should there be a need for any change during the duration of the course, this will be informed to all students on a timely basis and will not be to the prejudice of students. Modifications after 1 September 2021 may only be done with the approval and consent of the Faculty Board.