ØKB3119 The Accounting Profession and accounting organization

Contents and structure

The course aims to give insights to an accountant¿s role and generally accepted accounting principles, including challenges concerning the processing and registration of transactions and business events, and organization and internal control. The students will also be introduced to the practical use of an IT-based accounting system.

Learning Outcome

Knowledge:

The student:

• Is familiar with rules that regulate rights and obligations for authorized accountants, including an accountant¿s legal liability and duties
• Is familiar with the requirements, obligations, and recommendations that appear in the generally accepted accounting principles
• Knows the board¿s, general manager¿s, and auditor¿s roles and responsibilities concerning a business
• Knows the most central business routines
• Knows general controls and can reflect upon organizational relations relating to internal control, including measures to secure efficient internal control
• Knows requirements regarding safety and controls in IT-systems
• Is familiar with the basic bookkeeping principles in the Bookkeeping Act and generally accepting bookkeeping principles, including other regulations in the Bookkeeping Act and the Accounting Act

 

Skills:

The student:

 

• Is able to use rules concerning rights and obligations, and the contents of generally accepted accounting principles, including regulations on risk (the Regulation on Risk Management and Internal Control) and regulations on laundering

 

General knowledge

The student:

• Is able to acquire up-to-date knowledge within the areas of knowledge and skills mentioned above
• Can pass on important knowledge through relevant expressions and can exchange points of view and experiences with other professionals
• Is able to view the course in a bigger social context

Entry requirements

Ingen

Recommended previous knowledge

Introductory course in financial accounting.

Teaching methods

Lectures, plenary exercises, and guidance related to individual exercises or exercises in groups.

Compulsory learning activities

Yes, to be specified in the semester plan available in the beginning of the semester

Assessment

Written exam 4 hrs 100%

Grades A - F

Examination support material

Laws, regularitions and standards.

More about examination support material

Course reductions

• ØBR115 - Rekneskapsorganisering - Reduction: 5 studypoints
• BØ6-2002 - Verksemdorganisering-og rekneskapsførarregelverket - Reduction: 7.5 studypoints
• EVA-ØKB3118 - Rekneskapsførarregelverket og rekneskapsorganisering - Reduction: 5 studypoints
• ØBR116 - Rekneskapsorganisering, ERP-systemer og bærekraft - Reduction: 7.5 studypoints