Financial Accounting
2008-2009 - SMF2151 - 0 ECTS

On the basis of

Economic management

Expected learning outcomes

After compliting the cource, the student shall have, be able to:

Advanced knowledge of financial accounting theory. They shall have practical experience in making year- end adjustments in accordance with accounyting rules and standards. The students have learned hove to read and anderstand official accounts, they shall know, and have an overviev over those prosesses and activities witch take place in a company economical function.


- The economical function: Organizing, planning, and kontrol of all aktivities in connection with the economic function

- The traditional year-end accounting concepts and classifications

- Performance versus asset based accounting theory

- Assets

- Liabilities and shareholders equity

- Income and dividends

- Expenses and losses

Teaching Methods

Group works
Mandatory assignments

Teaching Methods (additional text)

Group assignments

Form(s) of Assessment

Written exam, 5 hours

Form(s) of Assessment (additional text)

Group examening, 12 hours+ individual multichoise

Grading Scale

Alphabetical Scale, A(best) – F (fail)

External/internal examiner

To internal examiners

Re-sit examination

Ordinar re-sit examination

Examination support

Group examening, 12 hours, all support

Individual multichoise, no support

Coursework Requirements

Compulsory group work and projects

Teaching Materials

Kristoffersen. Trond, Årsregnskapet, -en grunnleggende innføring, 2 utgave, Fagbokforlaget, ISBN; 82-450-0161-9

Kristoffersen. Trond, Årsregnskapet, -en grunnleggende innføring, 2 utgave, Oppgavesamling med løsninger, ISBN; 82-450-0162-7