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EXC 3452 Financial Reporting and Analysis - RE-SIT EXAM

EXC 3452 Financial Reporting and Analysis - RE-SIT EXAM

Course code: 
EXC 3452
Accounting and Operations Management
Course coordinator: 
Michael Kisser
Course name in Norwegian: 
Financial Reporting and Analysis - KONTINUASJONSEKSAMEN
Product category: 
Bachelor - Common Courses
2023 Autumn
Active status: 
Re-sit exam
Level of study: 
Resit exam semesters: 
2023 Autumn
2024 Spring
Resit exam info

Due to changes in the study plans for the Bachelor Programmes, as from the academic year 2023/2024, this course had its last regular teaching in autumn 2022. The next regular teaching will be set up in autumn 2024.
Re-sit exams are offered in spring 2023, autumn 2023 and spring 2024.

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.

Higher Education Entrance Qualification


Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

No previous knowledge in accounting is required.

Exam category: 
Form of assessment: 
Written submission
Support materials: 
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
4 Hour(s)
Exam code: 
Grading scale: 
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.