BØ6-2007 Advanced Financial Accounting

Contents and structure

The course provides a thorough introduction to the theoretical foundation for financial accounting. The subject covers key terms, principles and rules in good accounting practice (GRS) and international accounting standards (IFRS).

The course builds on the students' knowledge from previous accounting courses, but is to a greater extent based in fundamental theory. Parallels are drawn between Norwegian and international accounting regulation, including conceptual frameworks.

The course also provides an introduction to conoslidatoing accounts.

Learning Outcome

Abilities:

The student

•Has an understanding of and can reflect on the user groups' information needs

•Has an understanding of and can reflect on results and balance orientation

•Has an understanding of and can reflect on the conceptual framework of IFRS

•Has an understanding of and can reflect on the theoretical basis for the basic accounting principles and good accounting practice

•Has an understanding of and can reflect on international accounting developments

•Knows the purpose and the main principles of preparing consolidating accounts

Skills:

The student

•Can use the knowledge in practical accounting problems

General competence:

The student

•Can acquire up-to-date knowledge in the area

•Can convey central subject matter

•Can exchange points of view and experiences with other professionals

Entry requirements

BØA117 Financial accounting with analysis or equivalent

Recommended previous knowledge

BØ6-2003 Annual accounts in practice or equivalent

Teaching methods

Teaching will be lectures with problem solving.

Compulsory learning activities

Two written assignments.. Approved assignments are always valid.

Assessment

Written exam, 4 hour. The exam may be carried through in a digital exam system.

Grading scale A-F (where F is failed)

Examination support material

Simple calculator. Norway's Laws and tax laws.

Lovdata pro in exam mode (with the incorporations that Lovdata has allowed, and with access to all laws, preparatory work, regulations, case law from the Supreme Court and the Courts of Appeal, and all of EEA and EU sources of law, unless the course coordinator has determined otherwise).

More about examination support material

More about examination support material

Course reductions

• BØ6-2000 - Finansrekneskap 2 - Reduction: 2.5 studypoints
• ØKB3118 - Rekneskapsteori - Reduction: 6 studypoints