Financial Accounting
2013-2014 - SMF2151F - 10 ECTS


  •  SMF1042F Basic Economics.

Expected learning outcomes

  • 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

Mandatory 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.

Re-sit examination

  • None. 

Examination support

  • PC (Excel)
  • Calculator.
  • Laws.
  • Accounting standards.
  • Ottesen og Øyen, Samling av lover, forskrifter o.l. is not allowed

Coursework Requirements

  •  Two compulsory works (both must be approved).

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, 2. utgave, ISBN 978-82-450-1250-7.
  • Moen, Tove-Gunn og Havstein, Bjørgunn, Regnskapsorganisasjon, Cappelen, ISBN 978-82-02-28483-1.
  • Laws and accounting standards is stated by the start of the course.