Financial Accounting
2012-2013 - SMF2151 - 10 ECTS

Prerequisite(s)

• SMF1042 Basic Economics.

Expected learning outcomes

• Advanced knowledge of financial accounting theory.
• Practical experience in making year-end adjustments in accordance with accounting rules and standards.
• Have learned how to read and understand official accounts.
• Shall know, and have an overview over those prosesses and activities witch take place in a company economical function.
• Shall have ethical consciousness to the accounting 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
Exercises
Tutoring

Teaching Methods (additional text)

• Group assignments.

Form(s) of Assessment

Written exam, 4 hours

Grading Scale

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

External/internal examiner

• External examiner spring 2012.
• External examiner is used periodically to avaluate contents, arrangements and the examination system, plus examin a selection of papers.

Re-sit examination

• None.

Examination support

• Calculator, laws and accounting standards.

Coursework Requirements

• Two compulsory group works (both must be approved). Delivery in groups of 3-4 students.

Teaching Materials

• Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Fagbokforlaget, 3. utgave, ISBN 978-82-450-1249-1
• Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Oppgaver med løsninger, Fagbokforlaget, 3. utgave, ISBN 978-82-450-1250-7.
• Moen, Tove-Gunn og Havstein, Bjørgunn, Regnskapsorganisasjon, Cappelen, ISBN 978-82-02-28483-1.
• Diverse lover og regnskapsstandarder oppgis ved studiestart.