REV 3575 Financial Accounting and Auditing

APPLIES TO ACADEMIC YEAR 2012/2013

REV 3575 Financial Accounting and Auditing

Responsible for the course
Janicke L Rasmussen, Hans Robert Schwencke

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
10

Language of instruction
Norwegian

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

Learning outcome
Students should learn the regulation of deferred taxes and sonsolidated accounts in Norway. They should also get insights into accounting theory and international accounting

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

Compulsory reading
Books:
Elling, Jens O. 2010. Finansiel rapportering : teori og regulering. 2. udg. Gjellerup
Huneide, Jens-Erik. ... [et al.]. Årsregnskapet i teori og praksis. Siste utg. Gyldendal akademisk. Utvalgte kapitler

Recommended reading
Books:
Kristensen, Roy, Janicke L. Rasmussen og Tom Engelsborg. 2010. Årsregnskapet : oppgavesamling med løsningsforslag. 7. utg. Gyldendal akademisk. Utvalgte kapitler

Course outline
  • 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
  • Accounting for minority interests in the consolidated financial statements
  • Deferred tax in the consolidated financial statements
  • International accounting
  • Accounting theory

Computer-based tools
Computer-based tools are not used in this course.

Learning process and workload
The course consists of 30 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 two cases within the main topics (deferred tax and consolidated financial statements). These cases will be reviewed in audience.

Recommended workload in hours
Activity
Hours
Participation at lectures
48
Preparations for lectures
60
Self-tuition/reading syllabus (incl supervising)
80
Working on cases/assignments
80
Exam
3
Total recommended time use
271



Examination
Final grade are based on follwing activities and weights:

- Project paper, accounts for 40% of final grade. Term paper can be solved individually or in groups up to three students.
- A three hours indivdual written examination, accounts for 60% of final grade.

Both exams must be passed in order to obtain final grade.

Examination code(s)
REV 35751 - Project paper, counts 40% towards the final grade in REV 3575 Financial Accounting and Auditing, 10 credits.
REV 35752 - Written examination, counts 60% towards the final grade in REV 3575 Financial Accounting and Auditing, 10 credits.

Examination support materials
All support materials + calculator TEXAS INSTRUMENTS BA II Plus™ are allowed.
Exam aids at written examiniations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids

Re-sit examination
At the next ordinary examination for the course.

Additional information

Semester

Oversettelser