GRA 6221 Financial Reporting, Advanced

GRA 6221 Financial Reporting, Advanced

Course code: 
GRA 6221
Department of Accounting and Operations Management
Course coordinator: 
Erlend Kvaal
Course name in Norwegian: 
Financial Reporting, Advanced
Product category: 
Master of Accounting and Auditing
2020 Spring
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

Students acquire a broad insight into financial reporting issues in the mandatory courses in financial reporting and analysis. However, there is a demand for specialized accounting competences beyond what is covered by those courses. This course is tailored to satisfy that demand. Although it focuses on IFRS, it also makes use of knowledge and experiences acquired from US GAAP.

Learning outcomes - Knowledge

Students shall acquire in-depth knowledge on advanced topics of IFRS-regulation. Topics include i.a. accounting for income taxes, pension accounting, and accounting for share-based payments and financial instruments.

Learning outcomes - Skills

Students shall learn to carry out and analyse financial reporting in specific complex areas.

General Competence

Students shall learn to recognize the problems and limitations of financial reporting in specific areas.

Course content

Lectures and exercises in the topics covered by the course.

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.

Required prerequisite knowledge

GRA 6226 Financial Reporting, general issues or equivalent.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
GRA 62211
Grading scale:
Grading rules:
Internal and external examiner
Examination when next scheduled course
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
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 62211
Grading scale:ECTS
Resit:Examination when next scheduled course
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.