REV 3571 Advanced financial accounting and accounting theory - RE-SIT EXAMINIATION

REV 3571 Advanced financial accounting and accounting theory - RE-SIT EXAMINIATION

Course code: 
REV 3571
Department: 
Accounting, Auditing and Business Analytics
Credits: 
7.5
Course coordinator: 
Hans Robert Schwencke
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2019 Autumn
Active status: 
Re-sit exam
Resit exam semesters: 
2019 Autumn
2020 Spring
Resit exam info

The course was taught for the last time in spring 2019. Last re-sit examiniations is offered in the autumn of 2019 and spring 2020.

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 about calculation of deferred tax and consolidated financial statements
Accumulated knowledge about topics in accounting theory with emphasis on international accounting development.
Acquired knowledge about recognition and measurement of key accounting items
 

Learning outcomes - Skills

After completing the course students will be able to:

  • Prepare financial statements with emphasis on deferred tax and consolidated financial statements
  • Clarify the main differences between the accounting and tax rules.
  • Clarify the conceptual framework of IFRS.
  • Explain the main differences between Norwegian and international GAAP
General Competence

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
  • Important tax rules
  • Calculation of deferred tax
  • Accounting for deferred tax in the financial statements
  • 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
Teaching and learning activities

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
In course delivery as online courses, lecturer will, in collaboration with the student administration, organize an appropriate course implementation, combining different learning activities and digital elements on the learning platform. Online students are also offered a study guide that will 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
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching35Hour(s)
Prepare for teaching45Hour(s)
Self study50Hour(s)
Group work / Assignments67Hour(s)Working on cases / assignments incl. Project paper
Examination3Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:35 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:45 Hour(s)
Comment:
Workload activity:Self study
Duration:50 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:67 Hour(s)
Comment:Working on cases / assignments incl. Project paper
Workload activity:Examination
Duration:3 Hour(s)
Comment:
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.