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GRA 6221 Financial Reporting, Advanced

GRA 6221 Financial Reporting, Advanced

Course code: 
GRA 6221
Department: 
Department of Accounting and Operations Management
Credits: 
6
Course coordinator: 
Erlend Kvaal
Course name in Norwegian: 
Finansiell rapportering, fordypning
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2021 Spring
Active status: 
Active
Level of study: 
Master
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

Students acquire a broad insight into financial reporting issues in the mandatory courses in financial reporting and analysis. However, there is a demand for specialized accounting competences beyond what is covered by those courses. This course is tailored to satisfy that demand. Although it focuses on IFRS, it also makes use of knowledge and experiences acquired from US GAAP.

Learning outcomes - Knowledge

Students shall acquire in-depth knowledge on advanced topics of IFRS-regulation. Topics include i.a. accounting for income taxes, pension accounting, and accounting for share-based payments and financial instruments.

Learning outcomes - Skills

Students shall learn to carry out and analyse financial reporting in specific complex areas.

General Competence

Students shall learn to recognize the problems and limitations of financial reporting in specific areas.

Course content
  • Financial instruments.
  • Accounting for income taxes
  • Pension accounting
  • Accounting for share-based payments
  • Demergers
  • Business re-organistions
Teaching and learning activities

Lectures, cases and exercises in the topics covered by the course.

Software tools
No specified computer-based tools are required.
Additional information

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.

Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Covid-19

Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.

Required prerequisite knowledge

GRA 6226 Financial Reporting, general issues or equivalent.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA 62212
Grading scale:
ECTS
Grading rules:
-
Resit:
Examination when next scheduled course
20No24 Hour(s)Individual Written examination under supervision.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA 62213
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
80Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • IFRS Standards (Red Book) Part A
Individual Written examination under supervision.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:20
Invigilation:No
Grouping (size):Individual
Support materials:
Duration:24 Hour(s)
Comment:Written examination under supervision.
Exam code:GRA 62212
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight:80
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • IFRS Standards (Red Book) Part A
Duration:3 Hour(s)
Comment:Written examination under supervision.
Exam code: GRA 62213
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
30 Hour(s)
Feedback activities and counselling
6 Hour(s)
Group work / Assignments
60 Hour(s)
Student's own work with learning resources
61 Hour(s)
Examination
3 Hour(s)
Sum workload: 
160

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.