Financial Accounting
2015-2016 - 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 sustainability 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

Re-sit August 2016

Examination support

C: Specified printed and hand-written support material is allowed. A specific basic calculator is allowed.

  • Laws and accounting standards.
  • Ottesen og Øyen, Samling av lover, forskrifter o.l. is not allowed

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, 4. utgave, ISBN 978-82-450-1568-3.
  • Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Oppgavesamling med løsninger, Fagbokforlaget, 4. utgave, ISBN 978-82-450-1569-0.
  • Moen, Tove-Gunn og Havstein, Bjørgunn, Regnskapsorganisering, Cappelen, 6. utgave, ISBN 978-82-02-42896-9.
  • Laws and accounting standards is stated by the start of the course.