Financial Accounting
2009-2010 - SMF2151 - 10 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 accounting rules and standards.
• The students have learned how to read and understand official accounts.
• They shall know, and have an overview over those prosesses and activities witch take place in a company economical function.

Topic(s)

• The economical function: Organizing, planning and control of all activities 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

Lectures
Group works
Mandatory assignments
Tutoring

Teaching Methods (additional text)

• Group assignments.

Form(s) of Assessment

Written exam, 5 hours

Grading Scale

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

External/internal examiner

• Internal examiner.
• External examiner is used periodically to avaluate contents, arrangements and the examination system, plus examin a selection of papers.

Re-sit examination

• Ordinary resit.
• Approved exercises are valid only for the first ordinary examination and for the first following resit.

Examination support

• Calculator, laws and accounting standards.

Coursework Requirements

• Two compulsory group works.

Teaching Materials

• Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Fagbokforlaget, 2. utgave, ISBN 82-450-0161-9.
• Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Oppgaver med løsninger, Fagbokforlaget, 2. utgave, ISBN 978-82-450-0162-4.
• Moen, Tove-Gunn og Havstein, Bjørgunn, Regnskapsorganisasjon, Cappelen, ISBN 978-82-02-23702-8.
• Laws and accounting standards is stated by the start of the course.