BØA113 Introduction to Business Economics and Accounting

Contents and structure

The course contains of two parts: one in accounting and one part in business economics. In the accounting section, students should be able to keep a simple account. In the Business Economics section, students will acquire adequate knowledge and skills to be able to collect, analyze and communicate relevant information to prepare for making good choices on behalf of the company. 

The course contains:

• Balance doctrine
• Practical accounting
• Registration of business cases
• Accrual
• Presentation of the financial statement
• Introduction to measurement rules and good accounting practice
• Cost concepts
• Cost distribution and calculation principles
• Cost Revenue and Volume analyzes (CRV) 
• Decision problems in business economics
• Price decisions and the market adjustment process
• Product selection with none and one scarce factor, respectively

Learning Outcome

Knowledge

The students know:

• the purpose of the financial account
• default account plan
• the relationship between transactions and how transactions affect profit and the balance sheet
• the terms expenses, costs, disbursements, revenues and payments
• effects of inventory changes
• The role and place of the finance function in the company and be able to discuss the basic features of financial management
• cost concept and the variability of costs
• different ways of conducting product calculation
• the basic assumptions behind and weaknesses of the traditional calculation methods

Skills

Students are able to:

• record the most common transactions; Including value added tax
• make regular accrual entries
• make annual statements with simple entries at the annual settlement and allocation of results
• conduct Cost, Revenue and Volume analyzes (CRV)
• perform simple analyzes of optimal product choices with resource access restraint
• make calculations according to the principle of full cost and contribution
• identify relevant costs and revenues and solve various challenges with a focus on making good choices
• find out how companies should adapt to different market situations

General competence

After completing the course, the student has the basis for further specialization in the subject area

Entry requirements

None

Recommended previous knowledge

None

Teaching methods

Lectures and seminars 

Compulsory learning activities

Two work requirements - assignments or other activities

Assessment

4 hour school exam.

The exam can be held at a digital examsystem. 

Examination support material

Særtrykk av Regnskapsloven

Utdrag fra lovsamling

Alle kalkulatormodeller er tillatt, med følgende unntak

- kalkulatoren skal ikke ha mulighet for mottak/sending

- kalkulatoren skal ikke kunne behandle symbolske matematiske uttrykk

- kalkulatoren kan ikke kobles til strømnettet

- kalkulatoren må ikke lage støy

https://www.hvl.no/student/eksamen/hjelpemiddel-ved-eksamen/

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