Financial Accounting
2012-2013 - SMF2151 - 10 ECTS


  • 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.


  • 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, 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.