APPLIES TO ACADEMIC YEAR 2015/2016
EXC 3451 Financial Reporting and Analysis - RE-SIT EXAMINIATION
Responsible for the course
Janicke L Rasmussen
Department of Accounting - Auditing and Business Analytics
According to study plan
Language of instruction
The course is intended to give the student a thorough understanding of accounting from an international perspective. The course is intended for students with little or no previous knowledge of financial accounting.
The student should, after finishing the course, be able to explain and understand how the conceptual framework of the International Financial Reporting Standards influences how financial reports are produced, for example how financial reporting is used in decision-making processes, and its relative importance at macro level.
After finishing the course, the student should be able to use acquired knowledge, both in terms of producing financial reports at company and group level using IFRS, and also to use the financial information in performing analyses of financial reports. The student is expected to understand the concept of fair presentation and its importance for decision-making.
The student should, after finishing the course, be able to discuss and reflect on how IFRS influences financial reporting, and be able to give constructive feedback on own work and the work of others.
Basic knowledge in management accounting.
Weygandt, Jerry J., Paul D. Kimmel, Donald E. Kieso. 2013. Financial accounting : IFRS edition. 2nd ed. Wiley. 13 chapters. The lectures will always be based on the latest edition of the book.
Lecture notes, handouts and articles given or referred to in lectures
- The concept of double-entry bookkeeping
- Purpose and uses of accounting
- Fundamentals of recording financial data
- Concepts of accounting
- Regulation of accounting
- International differences and harmonization
- The contents of financial statements
- Financial statement analysis
- Recognition and measurement of the elements of financial statements
- Tangible and intangible fixed assets
- Financial assets, liabilities and equity
- Accounting and taxation
The use of computer-based tools is an important part of meeting the necessary overall goal of the course. Through learning supplementary material, the students will practice accounting as part of the course
Learning process and workload
The lectures given will support the learning process, but the students are personally responsible for their own learning and must expect an extensive workload outside the lecture room in order to achieve the learning outcome outlined above.
In order to be well prepared for the examination students are expected to solve exercises both individually and in groups.
Expected use of time related to different activities:
|Exercises individually and in groups||
|Preparation for the examination||
|Total recommended use of hours||
A case will be handed out about 4 weeks before exam. The students should solve the case and bring the case texst as well as their solution of the case to the exam. A four-hour individual written examination concludes the course. The examination will partly be based on the case.
EXC 34511 - Written exam, counts for 100% towards the final grade in the course EXC 3451 Financial Reporting and Analysis, 7,5 ECTC credits.
Examination support materials
All support materials + BI approved exam calculator. Examination support materials at written examinations are explained under examination information in the student portal @bi. Please note use of calculator and dictionary in the section on support materials (https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx).
As from the academic year 2015/2016 the examiniation is changed. Last re-sit examinations in written exam EXC 34511 counting 100% is offered autumn 2015 and spring 2016. The case used in the regular course will also apply for the re-sit exam.