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NSA 2513 Ship Accounting

APPLIES TO ACADEMIC YEAR 2012/2013

NSA 2513 Ship Accounting

Responsible for the course
Hans Robert Schwencke

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
7,5

Language of instruction
English

Introduction

    Learning outcome
    Acquired Knowledge
    Students will get basic insights into the Conceptual Framework of International Financial Reporting Standards (IFRS) and in some the standards, (IAS 39/IFRS 9) and Business Combinations (IFRS 3 and IAS 27) The course also gives insight into the implementation of IFRS in Norway.

    Acquired skills
    After taking the course, the students shall be able to apply knowledge (i.e. concepts and skills) in analyses and discussions on:
    • Accounting and tax issues relevant to the shipping industry
    • The international aspect of ship accounting relating to international companies
    • International principles for good accounting
    • Different standards for reporting routines
    • Elements that make up the financial statements, while extending it with issues of financial disclosure and accounting for various business entities (joint ventures, subsidiaries, associates, minority interests).

    Reflection
    The students will know national and international accounting principles, and shall be able to ask critical questions and reflect on crucial assumptions and theories within the Ship Accounting field.

    Prerequisites
    Basic Course in Accounting.

    Compulsory reading
    Books:
    Alexander, David and Christopher Nobes. 2010. Financial accounting : an international introduction. 4th ed. Pearson Education Limited

    Other:
    Articles and book chapters. Information about the final list of literature is given in the lectures and on the It's Learning site of the course.


    Recommended reading

    Course outline
    Accounting analysis and function. Recognition, measurement and presentation of assets and liabilities, revenue and expenses. Accounting of special issues relevant to shipping companies, including vessel operation. Focus is on the conceptual framework of IFRS and a special focus will be on the tax laws' impact on international shipping companies.

    Course syllabus:

    1. General accounting principles
    2. Conceptual framework of the IASB
    3. Fixed and intangible assets
    4. Asset impairment
    5. Consolidation
    6. Business combinations, joint ventures, subsidiaries etc
    7. Specifics of ship accounting, studying reports
    8. Taxation Issues
    9 Case work

    Computer-based tools
    None

    Learning process and workload
    The course consists of 24 hours of lecturs, 21 hours of cases and supervision etc.

    The course consists of lectures, assignment reviews by the lecturer and self-tuition (reading the syllabus and doing exercises/assignments that are both mandatory and voluntary). Each student must hand in eight mandatory assignments.

    Recommended workload in hours:

    Activity
    Hours
    Participation at lectures
    24
    Participation at case work/-discussions supervised by lecturer
    21
    Preparations for lectures
    48
    Preparations for case work/-discussions
    42
    Reading literature, self study
    62
    Exam
    3
    Total recommended time use
    200


      Examination
      A three hour individual exam concludes the course.

      Examination code(s)
      NSA 25131 - Written exam, accounts for 100% of the final grade in NSA 2513 Ship Accounting 7,5 credits.

      Examination support materials
      A BI-defined exam calculator is allowed. TEXAS INSTRUMENTS BA II Plus™
      Examination support materials at written examinations are specified under exam information in our web-based Student Handbook. Please note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids

      Re-sit examination
      In connection with the next ordinary examination.

      Additional information

      Semester

      Oversettelser