BØK 3647 Financial Accounting

APPLIES TO ACADEMIC YEAR 2012/2013

BØK 3647 Financial Accounting

Responsible for the course
Roy Kristen Kristensen

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
15

Language of instruction
Norwegian

Introduction
This course is part of the statutory curriculum for approval as a Norwegian Certified Accountant. The programme meets the requirements of the Certified Accountant Regulation of 8 February 1999 no. 196 (education requirements for certified accountants).

Learning outcome
Acquired knowledge
The course will give the students in-depth knowledge about the process of closing the annual accounts and drawing up the annual report in accordance with Norwegian generally accepted accounting principles (NGAAP). Furthermore, basic knowledge about differences between NGAAP and IFRS is included.

Acquired skills
The students shall be able to produce annual accounts including consolidated accounts, and annual reports according to Norwegian accountancy legislation. The students shall also be able - with reference to actual legislation - to address and discuss definite accountancy problems related to annual accounts and annual reports.

Reflection
The students should be conscious about the importance of accurate financial accounts.

Prerequisites
The course requieres knowledge corresponding to following courses or eqivalent:
BØK 3411 Finance and Managerial Accounting I, BØK 3421 Finance and Managerial Accounting II, BØK 3531 Financial Accounting and Financial Statement Analysis, BØK 3541 Managerial Accounting and Control.

Compulsory reading
Books:
Huneide, Jens-Erik. ... [et al.]. Årsregnskapet i teori og praksis. Siste utg. Gyldendal akademisk
Kristensen, Roy, Janicke L. Rasmussen og Tom Engelsborg. 2010. Årsregnskapet : oppgavesamling med løsningsforslag. 7. utg. Gyldendal akademisk

Other:
Gjems-Onstad (red). Skattelovsamlingen. Siste utgave. Gyldendal Akademisk


Recommended reading
Books:
Kvifte, Steinar Sars, André Tofteland og Anne-Cathrine Bernhoft. 2011. Finansregnskap : god regnskapsskikk og IFRS - Oppgaver og løsninger. 3. utg. Fagbokforlaget

Course outline
Closing of accounts/annual accounts in accordance with the regulations of the Accounting Act and the Companies Act and prevailing accounting standards.
Knowledge of IFRS rules.
  • Norwegian and international accounting rules
  • Accounting theory
  • Generally accepted accounting principles
  • Valuation rules and accrual rules
  • Requirements to annual accounts and the annual report
  • Cash flow specification
  • Consolidated accounts

Computer-based tools
Computer-based tools are not used in this course.

Learning process and workload
The course is taught in teaching sessions over two terms. The students are enrolled in each semester, named BØK 3648 and BØK 3649. Teaching is based on 90 lecturing hours. Curriculum proposals and exercise suggestions are distributed each term.


Activity
Use of time
Participation in teaching sessions
90
Preparation for teaching sessions
60
Self-tuition/reading literature
120
Own work on cases/exercises
120
Examination
6
Recommended total use of time
396


BI Nettstudier
In BI Nettstudier the teaching sessions are carried out in modules. Furthermore, exercises for submission and marking are used (not obligatory), giving the students continuous possibility to test their own comprehension of the subjects.

Activity
Use of hours
Participation in teaching sessions
90
Preparation for teaching sessions
30
Exercises for submission
90
Self-tuition/reading literature
90
Own work on cases/exercises
90
Examination
6
Recommended total use of time
396


    Examination
    A six- hour individual written examination completes the course.

    Examination code(s)
    BØK 36471 Written examination, which accounts for 100% of the grade in BØK 3647 Financial Accounting, 15 ECTS.

    Examination support materials
    All support materials are allowed plus calculator TEXAS INSTRUMENTS BA II Plus™.
    Examination support materials at written examinations are specified under exam 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 re-sit examination is offered in connection with the next course.

    Additional information

    Semester

    Oversettelser