Financial Accounting
2009-2010 - SMF2151F - 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.


  • 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

Group works
Mandatory assignments

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.

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.