ØKB3119 The Accounting Profession and accounting organization

Contents and structure

The course provides insight into the external accountant's professional practice, bookkeeping regulations and internal control. Students will also learn more about financial statement analysis and get an introduction to the practical use of accounting software

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
• Know basic use of an accounting program
• Can do analyzes of financial accounts as a basis for financial advice to the client

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

BØA117 Financial accounting with analysis or similar

Teaching methods

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

Compulsory learning activities

One assignment.

Assessment

Written schoolexam 4 hrs 100%

Grades A - F

The exam can be held on a digital exam system

Examination support material

All written and printed aids are allowed

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