REV 3571 Advanced financial accounting and accounting theory

REV 3571 Advanced financial accounting and accounting theory

Course code: 
REV 3571
Department: 
Accounting, Auditing and Business Analytics
Credits: 
7.5
Course coordinator: 
Tonny Stenheim
Course name in Norwegian: 
Videregående finansregnskap og regnskapsteori
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2018 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

This course is part of the total program for education in financial reporting for auditors.

Learning outcomes - Knowledge

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.
 

Learning outcomes - Skills

After completing the course students will be able to:

  • Prepare and finalize financial accounts, including tax records and profits, for ASA’s.
  • 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.
Learning Outcome - Reflection

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.

Course content
  • 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
Learning process and requirements to students

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.

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

Higher Education Entrance Qualification

Required prerequisite knowledge

Courses in the same area previously in the study programme or similar.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV35711
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
40No1 Semester(s)Group/Individual (1 - 3)Both exams must be passed in order to obtain final grade.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV35712
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
60Yes3 Hour(s)
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
Individual Both exams must be passed in order to obtain final grade.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:40
Invigilation:No
Grouping (size):Group/Individual (1-3)
Support materials:
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
Weight:60
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
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
Exam organisation: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
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)
Sum workload: 
200

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.