GRA 6221 Financial Reporting, Advanced

GRA 6221 Financial Reporting, Advanced

Course code: 
GRA 6221
Department: 
Accounting and Operations Management
Credits: 
6
Course coordinator: 
Erlend Kvaal
Course name in Norwegian: 
Financial Reporting, Advanced
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2023 Spring
Active status: 
Active
Level of study: 
Master
Teaching language: 
English
Course type: 
One semester
Introduction

Students acquire a broad insight into financial reporting issues in the mandatory courses in financial reporting and analysis. However, there is a demand for specialized accounting competences beyond what is covered by those courses. This course is tailored to satisfy that demand. Although it focuses on IFRS, it also makes use of knowledge and experiences acquired from US GAAP.

Learning outcomes - Knowledge

Students shall acquire in-depth knowledge on advanced topics of IFRS-regulation. Topics include accounting for financial instruments, pension accounting, and accounting for income taxes.

Learning outcomes - Skills

Students shall learn to carry out and analyse financial reporting in specific complex areas.

General Competence

Students shall learn to recognize the problems and limitations of financial reporting in specific areas.

Course content
  • Financial instruments
  • Pension accounting
  • Accounting for income taxes
Teaching and learning activities

Lectures, cases and exercises in the topics covered by the course.

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

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.

All parts of the assessment must be passed in order to get a grade in the course.

Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Disclaimer

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

Required prerequisite knowledge

GRA 6226 Financial Reporting, general issues or equivalent.

Assessments
Assessments
Exam category: 
Submission
Form of assessment: 
Written submission
Weight: 
20
Grouping: 
Individual
Duration: 
24 Hour(s)
Comment: 
There will be a retake spring 2024. Spring 2025 will be the last retake exam for this course.
Exam code: 
GRA 62212
Grading scale: 
ECTS
Exam category: 
Submission
Form of assessment: 
Written submission
Weight: 
80
Grouping: 
Individual
Duration: 
3 Hour(s)
Comment: 
There will be a retake spring 2024. Spring 2025 will be the last retake exam for this course.
25/01/2023 The form of the exam has changed from individual school exam to individual home exam in spring 2023.
Exam code: 
GRA 62213
Grading scale: 
ECTS
Type of Assessment: 
Ordinary examination
All exams must be passed to get a grade in this course.
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
30 Hour(s)
Feedback activities and counselling
6 Hour(s)
Group work / Assignments
60 Hour(s)
Student's own work with learning resources
61 Hour(s)
Examination
3 Hour(s)
Sum workload: 
160

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.