GRA 6226 Financial Reporting, general issues

GRA 6226 Financial Reporting, general issues

Course code: 
GRA 6226
Department of Accounting and Operations Management
Course coordinator: 
Erlend Kvaal
Course name in Norwegian: 
Financial Reporting, general issues
Product category: 
Master of Accounting and Auditing
2019 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

The course is about preparing financial statements according to IFRS. IFRS is an internationally accepted set of accounting standards used by listed firms in the EU/EEA and elsewhere in the world. Expertise in IFRS is needed for professional auditors, accounting preparers and accounting users. The course is compulsory for students in the Master of Accounting and Auditing.

Learning outcomes - Knowledge

The students shall obtain advanced knowledge about essential topics in IFRS regulation such as accounting for revenues, intangible assets, provisions, impairment losses, financial instruments, and taxes. The student shall also obtain advanced knowledge about business combinations and consolidated financial statements.

Learning outcomes - Skills

Students shall learn how to prepare consolidated and separate financial statements according to IFRS. Students shall also be able to discuss IFRS regulation with reference to the IASB’s conceptual framework.

General Competence

The students should be able to critically assess current IFRS regulation and practice.

Course content

Basic accounting concepts and techniques. IFRS conceptual framework. Financial reporting standards.

Teaching and learning activities


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 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.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
GRA 62261
Grading scale:
Grading rules:
Internal and external examiner
Examination every semester
100Yes3 Hour(s)
  • IFRS Standards (Red Book) Part A
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual Written examination under supervision.
Exam category:Submission
Form of assessment:Written submission
Weight: 100
Grouping (size):Individual
Support materials:
  • IFRS Standards (Red Book) Part A
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:3 Hour(s)
Comment:Written examination under supervision.
Exam code:GRA 62261
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
Sum workload: 

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.