GRA 6270 International Financial Reporting Standards (IFRS) - RESIT EXAMINATION

GRA 6270 International Financial Reporting Standards (IFRS) - RESIT EXAMINATION

Course code: 
GRA 6270
Department: 
Department of Accounting and Operations Management
Credits: 
15
Course coordinator: 
Hans Robert Schwencke
Erlend Kvaal
Course name in Norwegian: 
Internasjonale standarder for finansiell rapportering (IFRS) - KONTINUASJONSEKSAMEN
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2018 Autumn
Active status: 
Re-sit exam
Resit exam semesters: 
2017 Autumn
2018 Autumn
Resit exam info

First resit examination was autumn 2016. Last resit examination is autumn 2018.

Teaching language: 
Norwegian/English
Course type: 
One semester
Introduction

The shift to international accounting standards (IFRS) for Norwegian publicly listed companies from 2005 entailed considerable consequences for private limited companies as well. This means a partly new accounting regime for Norwegian industry, and both producers and users of accounts needed to acquire knowledge about IFRS.

Learning outcomes - Knowledge

To give insights into the Conceptual Framework of IFRS and some the standards. A special focus is placed on Financial Instruments (IFRS 9) and Business Combinations (IFRS 3 and IAS 27) The course also gives insight into the implementation of IFRS in Norway.

Learning outcomes - Skills

-

Learning Outcome - Reflection

-

Course content
  • IASB framework - description and discussion
  • Management in the accounts of:
    • Consolidated accounts
    • Amalgamations
    • Financial instruments
    • Other crucial topics
    • Bookkeeping
    • Accounting requirements according to Norwegian rules
Learning process and requirements to students

90 hours of lectures and discussions. The students must be well prepared for the lectures, and they must be active participants. The course will  be held in Norwegian and in English.

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 that is not included on It's learning or text book.

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

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA62703
Grading scale:
ECTS
Grading rules:
-
Resit:
Examination when next scheduled course
100Yes6 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • Book: Myrbakken, E., & Haakanes, S. IFRS på norsk: forskrift om internasjonale regnskapsstandarder. Fagbokforlaget
  • Auditor's manual / Offprint without comments
Individual Written examination under supervision.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • Book: Myrbakken, E., & Haakanes, S. IFRS på norsk: forskrift om internasjonale regnskapsstandarder. Fagbokforlaget
  • Auditor's manual / Offprint without comments
Duration:6 Hour(s)
Comment:Written examination under supervision.
Exam code:GRA62703
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

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.