EXC 3452 Financial Reporting and Analysis

EXC 3452 Financial Reporting and Analysis

Course code: 
EXC 3452
Accounting and Operations Management
Course coordinator: 
Michael Kisser
Course name in Norwegian: 
Financial Reporting and Analysis
Product category: 
Bachelor - Core Courses
2021 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

The course gives students a thorough understanding of accounting from an international perspective. It is tailored to students with little or no previous knowledge of financial accounting.

Learning outcomes - Knowledge

After finishing the course, the student should have:

  • Learned how the conceptual framework of the International Financial Reporting Standards influences how financial reports are produced,
  • Acquired understanding of how financial reporting is used in decision-making processes.
Learning outcomes - Skills

After finishing the course, the student should be able to:

  • Use acquired knowledge to produce financial reports at company and group level using IFRS
  • Use the financial information in performing analyses of financial reports.
  • Understand the concept of fair presentation and its importance for decision-making.
General Competence

The student should, after finishing the course, be able to:

  • Discuss and reflect on how IFRS influences financial reporting
  • Be able to give constructive feedback on own work and the work of others.
Course content
  • The concept of double-entry bookkeeping
  • Purpose and uses of accounting
  • Fundamentals of recording financial data
  • Concepts of accounting
  • Regulation of accounting
  • International differences and harmonization
  • The contents of financial statements
  • Financial statement analysis
  • Recognition and measurement of the elements of financial statements
  • Tangible and intangible fixed assets
  • Inventories
  • Financial liabilities and equity
Teaching and learning activities

The lectures given will support the learning process, but the students are personally responsible for their own learning and must expect an extensive workload outside the lecture room in order to achieve the learning outcome outlined above.

In order to be well prepared for the examination students are expected to solve exercises either individually or in groups.

Software tools
No specified computer-based tools are required.
Additional information

Re-sit exam in EXC 34521 and EXC 34522 autumn 2021 and spring 2022.


Higher Education Entrance Qualification


Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.


Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

Required prerequisite knowledge

No previous knowledge in accounting is required.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
Grading scale:
Grading rules:
Internal and external examiner
Examination every semester
100Yes4 Hour(s)
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Exam category:Submission
Form of assessment:Written submission
Grouping (size):Individual
Support materials:
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:4 Hour(s)
Exam code:EXC34523
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
Student workload
45 Hour(s)
Group work / Assignments
130 Hour(s)
25 Hour(s)
Exam incl. preparations.
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.