BØK 3647 Financial Accounting

BØK 3647 Financial Accounting

Course code: 
BØK 3647
Accounting and Operations Management
Course coordinator: 
Roy Kristen Kristensen
Course name in Norwegian: 
Product category: 
Bachelor of Bus.Adm. with Accounting - Programme Courses
2017 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

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 outcomes - Knowledge

The course will give the students in-depth knowledge about the theoretical basis, laws and other central regulations regarding production of annual accounts and drawing up the annual report for private enterprises in accordance with Norwegian generally accepted accounting principles (NGAAP). Furthermore, basic knowledge about differences between NGAAP and IFRS is included.

Learning outcomes - 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.

Learning Outcome - Reflection

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

Course content

Accounting theory

  • Focus on the user groups of comapny accounts and their need for accounting information and accounting regulation
  • Norwegian and international accounting rules, development of international regulation and regulatory bodies
  • Profit and loss versus balance orientation
  • IFRS conseptual framework
  • The theoretical basis for the Norwegian basic accounting principles and best accounting practice

In-depth knowledge in accounting

  • In depth knowledge of valuation, measuring and accruals of the most basic items in the accounts as well as basic accounting principles
  • Knowledge about the special regulations for small and micro companies
  • Knowledge about the special regulations for ideal organizations
  • Knowledge about the most basic differences between accounting and taxation
  • Ability to produce annual accounts, including tax and year end disposals, for a limited company
  • Knowledge about the regulation regarding notes to company accounts and Directors' report
  • Ability to produce basic consolidated accounts
Learning process and requirements to students

The course is taught in the autumn term. Teaching is based on 90 lecturing hours. Curriculum proposals and exercise suggestions are distributed each term.

When course is delivered online, lecturer, in cooperation with the Academic Servises Network, will organize an appropriate combination of digital teaching and lectures. Online students are also offered a study guide to contribute to progression and overview. Total recommended time spent for completing the course also applies here.

Software tools
No specified computer-based tools are required.

Higher Education Entrance Qualification.

Required prerequisite knowledge

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.

Exam category: 
Form of assessment: 
Written submission
Support materials: 
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
6 Hour(s)
Exam code: 
Grading scale: 
Examination every semester
Exam organisation: 
Ordinary examination
Total weight: 
Student workload
90 Hour(s)
Prepare for teaching
70 Hour(s)
Student's own work with learning resources
120 Hour(s)
Group work / Assignments
120 Hour(s)
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.