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GRA 6239 Financial Accounting and Analysis

GRA 6239 Financial Accounting and Analysis

Course code: 
GRA 6239
Department: 
Accounting and Operations Management
Credits: 
6
Course coordinator: 
Akram Khalilov
Course name in Norwegian: 
Financial Accounting and Analysis
Product category: 
Master
Portfolio: 
MSc in Business - Accounting and Business Control
Semester: 
2024 Autumn
Active status: 
Active
Level of study: 
Master
Teaching language: 
English
Course type: 
One semester
Introduction

IFRS is an internationally accepted set of accounting standards. All listed firms in the EU/EEA are required to use these standards in their consolidated financial statements, and most other firms in EU/EEA-area are allowed to use IFRS in their financial statements. Thus, high expertise in IFRS is needed for accounting preparers and accounting users.

Learning outcomes - Knowledge

The students shall obtain knowledge about

  • the distinction between business combinations and the acquisition of assets under IFRS
  • the identification of assets and liabilities as part of a business combination under IFRS, with special emphasis on intangible assets and provisions
  • additional issues for the preparation of consolidated financial statements
  • goodwill impairment
  • cash flow statement
  • fair value measurement
  • financial instruments
  • leases
Learning outcomes - Skills

The students shall be able to

  • discuss the distinction between business combinations and the acquisitions of assets and how this distinction affect the financial statements under IFRS
  • identify which assets and liabilities that can be separately recognized in a business combination under IFRS
  • solve other consolidated financial statement problems under IFRS
  • be able to impair goodwill
  • prepare cash flow statement
  • analyze the reporting of financial instuments and leases
General Competence

The students should be able to critically assess accounting regulation and practice under IFRS in order to use financial information for analysis and decision-making.

Course content
  • Business combinations and consolidated financial statements
  • Goodwill Impairment
  • Cash Flow Statement
  • Fair Value Measurement
  • Leases
  • Case Studies
Teaching and learning activities

The course consists of lectures and asynchronous activities. The lectures are organized in the form of ordinary lectures, and lectures dedicated to practical exercises and case studies.

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

It is the student’s own responsibility to obtain any information provided in class.

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

Good written and oral skills in English. Having successfully completed a course in financial accounting.

Assessments
Assessments
Exam category: 
School Exam
Form of assessment: 
Written School Exam - digital
Exam/hand-in semester: 
First Semester
Weight: 
100
Grouping: 
Individual
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration: 
3 Hour(s)
Exam code: 
GRA 62391
Grading scale: 
ECTS
Resit: 
Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
24 Hour(s)
Digital resources
12 Hour(s)
Asynchronous activities consist of cases, readings, group work, videos, etc.
Prepare for teaching
72 Hour(s)
Students are expected to review the material cover in each lecture, and prepare the next one.
Examination
52 Hour(s)
Exam and exam preparation.
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.