BØK 3531 Financial Accounting and Financial Statement Analysis
APPLIES TO ACADEMIC YEAR 2012/2013
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BØK 3531 Financial Accounting and Financial Statement Analysis Responsible for the course John Christian Langli Department Department of Accounting - Auditing and Law Term According to study plan ECTS Credits 7,5 Language of instruction Norwegian Introduction All limited companies and many other enterprises must annually prepare financial statements, which give all interested parties an insight into how the economic situation has developed. In this course students learn how financial statements are prepared and how they can be used. Financial statements must be organized in a specific manner. The legislation for this area is extensive and regulates the entire production process: from bookkeeping of the enterprise’s transactions to the type of information that has to be disclosed in the publicly available annual report. The first part of the course covers techniques and methods used for an enterprise to record all its transactions in the course of a year. It’s not sufficient to consecutively book the transactions that take place. The financial statements must be set up at the end of the fiscal year, which means that the enterprises must value their assets and debts and calculate how much that has been lost or gained. The second part of the course covers this process and addresses what the financial statements shall include of information and the rules that govern valuation of assets and liabilities and recognition of revenues and expenses. Financial statements are publicly available and vital information on every Norwegian company can be accessed by just pressing a key, since the main figures are freely available on the Internet. The third part of the course covers how financial statements can be used. Learning outcome Acquired knowledge After having completed the course the students shall be able to:
Acquired skills After having completed the course the students shall be able to:
Reflection
Prerequisites BØK 34111 Finance and Managerial Accounting I, BØK 1113 Managerial Accounting or similar. Compulsory reading Books: Kristoffersen, Trond. 2012. Årsregnskapet : en grunnleggende innføring. 3. utg. Fagbokforlaget Articles: Langli, John Christian. 2007. Konsekvenser av bevisst og ubevisst rot med bokføringen i fortid og fremtid. Magma. nr. 6. 32-48. http://www.econa.no/konsekvenser-av-bevisst-og-ubevisst-rot-med-bokfoeringen-i-fortid-og-fremtid Other: Langli, John Christian. 2011. Undervisningsmateriell til BØK 3531 blir lagt ut på Its learning (blant annet litteratur om regnskapsføring i eiendomsmeglerforetak) Recommended reading Books: Kristoffersen, Trond. 2012. Årsregnskapet : en grunnleggende innføring : Oppgavesamling med løsninger. 3. utg. Fagbokforlaget Course outline
Computer-based tools Students are expected to have access to a spread sheet program (Excel) and the Internet. Learning process and workload The course duration is 40 teaching hours which include lectures and review of assignments. It’s important to do assignments to grasp the content of the course, and review of the assignments is integrated with the lectures. Required work To give students feedback about their progress in the course, 8 tests will be distributed via it’s learning. Each test can be taken in the course of a designated week. An evaluation guideline for each test will be made available at the end of the test period. Some of the tests may be more time-consuming than others. Each assignment states the requirement that has to be meet in order to get the the assignment approved. Students must pass 5 out of 8 tests to be able to sit for the exam. Recommended workload for students
E-learning The e-learning platform It’s learning is used by the e-learning centre to administrate the mandatory exercises, and make students able to communicate with each other ant the Lecturer. Module sessions are carried out at the beginning of the semester and before exams. The e-learning students are also offered a study guide which is an educational guide to the syllabus. Recommended workload for students
Coursework requirements In order to be able to sit for the final exam students are required as a minimum to get approved 5 out of 8 tests, see the Learning process and workload section. Examination A five-hour individual written exam concludes the course. Examination code(s) BØK 35311 - written exam which accounts for 100% of the grade in BØK 3531, 7.5 ECTS. Examination support materials BI-defined exam calculator TEXAS INSTRUMENTS BA II Plus TM Examination support materials are specified under examination information in our web-based Student Handbook. Please note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids Re-sit examination A makeup exam is held every term. Students that have not got approved 5 of the 8 mandatory tests have not met the coursework requirements and are not allowed to sit for the exam. This means that they will have to retake the whole course. Students who have not passed the final exam or who wish to improve their grades can take a makeup exam at a later scheduled exam. Additional information |
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