The intellectual foundations of financial reporting

7.5 credits

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For almost as long as humans have been writing, there has been different forms of bookkeeping and accounting. The system of double-entry bookkeeping still used today was most likely invented in the late middle ages in northern Italy and the basic accounting reports took a familiar shape around the 19th century.

Financial reporting today, in the form of standards such as IFRS, is arguably more advanced than ever, but is also very much a product of historical accounting development. Modern financial reporting is indeed based on an amalgam of sometimes-contradictory ideas and conceptions that most take for granted when preparing financial reports.

In this course, we study the various ideas and intellectual traditions that has dominated accounting thought throughout history, and explore in what way these have shaped contemporary accounting standards in the form of IFRS. This enables a more sophisticated understanding of contemporary financial reporting as well as insight into the history of accounting.


Roughly 15 minutes with a bike from the city centre, you will find Linnaeus University’s campus. It is like a small society with the university, student accommodation, and student life. Here you become part of a creative knowledge environment.

What will you come across on an excursion in Växjö – the city of contrasts? You will find good restaurants, a celebrated hockey team, and cozy cafés where you can enjoy a latte with lingonberry flavour. In Växjö, beautiful nature is always just around the corner; the city is surrounded by lakes and forests. Students like the combination of the city centre and the active student life on campus. Your dream of the future starts here!

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