REV 3571 Advanced financial accounting and accounting theory
REV 3571 Advanced financial accounting and accounting theory
This course is part of the total program for education in financial reporting for auditors.
After completing the course students will have:
Acquired knowledge within the framework for the calculation of deferred taxes, and the group accounting in Norway.
Accumulated knowledge of accounting theoretical issues in the light of international accounting development.
Acquired knowledge of reporting and measurement of the key accounts and basic accounting principles.
After completing the course students will be able to:
- Prepare and finalize financial accounts, including tax records and profits, for ASAs.
- Clarify the main differences between the accounting and tax rules.
- Clarify the conceptual framework of IFRS.
- Explain the difference between business economic theory and assumptions of the financial statements.
Students will develop an understanding of and can reflect on the user groups ' information needs and the need for financial regulation. Furthermore, they develop their attitudes to professional collaboration and project-work.
- Central elements in valuation for taxation purposes
- Calculation of deferred tax
- Accounting for deferred tax in the financial statements and the tax assessment
- Accounting for acquisition of subsidiaries
- Elimination of internal transactions in the consolidated financial statements
- Other topis related to consolidated financial statements
- International accounting
- Accounting theory
- Short about other issues like small companies, disclosures and management`s report
The course consists of 35 hours of lectures. Only the most central topics will be covered in the lectures. The students must acquire knowledge on the topics up front of the lectures and in-depth knowledge by studying and doing excercises after the lectures (self-tuition). As a part of the learning process the student shall also work on cases within topics deferred taxes and consolidated financial statements.
E-learning
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.
Higher Education Entrance Qualification
Courses in the same area previously in the study programme or similar.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 40 Grouping: Group/Individual (1 - 3) Duration: 1 Semester(s) Comment: Both exams must be passed in order to obtain final grade. Exam code: REV35711 Grading scale: ECTS Resit: Examination every semester |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 60 Grouping: Individual Support materials:
Duration: 3 Hour(s) Comment: Both exams must be passed in order to obtain final grade. Exam code: REV35712 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 35 Hour(s) | |
Prepare for teaching | 45 Hour(s) | |
Student's own work with learning resources | 50 Hour(s) | |
Group work / Assignments | 67 Hour(s) | Working on cases / assignments incl. Project paper |
Examination | 3 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.