Kurser Financial Accounting Theory

21023 Financial Accounting Theory , 5 sp

Advanced studies
Teaching language

The course provides a deep understanding of the theories and practice of financial accounting. The course ties together theoretical structures and their empirical testing, accounting practices, accounting regulation, and macroeconomic conditions to provide students an understanding of the role of accounting in capital markets and within the wider economy.

Learning Goal

You have a thorough understanding of the theoretical structures of financial accounting figures of the company and its crucial role with respect to its different interest groups. You are aware of how theories are reflected in practice.

After completing the course, you will be able to
  • discuss the theoretical structures relevant to the role of financial accounting figures for different interest groups
  • highlight the empirical research of financial accounting and know how the relevant theories are reflected in accounting practice, accounting regulation, capital markets and the economy
  • explain how financial accounting can be seen as “the language of the business” and how this role is framed theoretically and tested empirically
  • use accounting information when working as a financial analyst, manager, a corporate finance executive, a CFO or a CEO.
Additional Information

The course timetable is dependent on external partners.

International Learning Experience

International cases in the class solved by student groups and international guest lecturer.

Target Group

Only Hanken degree students with accounting as their major or students within the FADB specialisation, and incoming exchange students with any major subject.


Bachelor thesis (21001) and at least three financial accounting courses.


Lectures, excersises, research presentations and class discussions

Total Student Workload

134 hours divided into
Scheduled hours: 26 h
Non-scheduled work: 108 h


Home exercises 30% (assessed individually, mandatory)
Project work 30% (assessed individually, mandatory)
Group work, case, 40% (assessed in groups, mandatory)
Class facilitation, 10% (bonus, optional)

  • Scott, W. R. (2015). Financial accounting theory. 7th ed. Toronto: Pearson Prentice Hall.
  • Other course and reading material assigned by the instructor

Students who have completed the earlier course Financial Accounting Theory (8 ECTS, course code 2189-E) cannot take this course.