Course - Financial Accounting - intermediate - BØA2033
BØA2033 - Financial Accounting - intermediate
About
Examination arrangement
Course content
The course is an advanced course in financial accounting, with emphasis on preparing a financial statement for a limited company (LTD).
The objective of the course is to give a good understanding of the conceptual framework, basic measurement problems and techniques in preparing a financial statement in accordance with Norwegian accounting legislation and good accounting practice in Norway (NGAAP), including an introduction to group accounts. The course also gives a basic knowledge of using computers in recording of transactions and other events in the accounts.
Learning outcome
Knowledge
The Student
- has knowledge of the fundamental bookkeeping principles in the Norwegian bookkeeping act.
- has knowledge of the regulation for public accountants
- has in-dept knowledge of recognition and measurement of assets, liabilities, income and expenses in an annual account in accordance with Norwegian accounting act and good accounting practice (NGAAP), with emphasis on:
- Fixed assets
- Inventory (stocks)
- Receivables
- Shares
- Liabilities including income tax
- Equity and distribution of sharedividends to shareholders
- has insight into good accounting practice for small enterprises
- has knowledge of use of computers in recording transactions and other events in the accounts
Skills
The Student
- can recognize necessary adjustments and prepare annual accounts for a limited liability company (Ltd) in accordance with Norwegian accounting act and good accounting practice (NGAAP).
- can prepare consolidated accounts for a group of small enterprises
Competences
The Student
- can aquire new knowledge within the above-mentioned subject areas.
Learning methods and activities
Lectures and exercises.
Further on evaluation
Aid allowed during exams:
C: Specified printed and handwritten aids allowed. A specific, simple calculator is permitted.
Other approved aids include printouts of laws without comments, law compilations, Norwegian accounting standards without comments, the Auditor's Handbook.
Online resource - Lovdata
Approved calculators:
- Casio fx-82ES PLUS and Casio fx-82EX
- Citizen SR-270X and Citizen SR-270X College Hewlett Packard HP30S
- Other approved calculators as specified in the course description are:
- Casio FC-100V and Texas Instruments - BAII Plus.
Specific conditions
Admission to a programme of study is required:
Business Administration (BØA)
Economics and Business Administration (MSIVØK5)
Recommended previous knowledge
- Basic bookkeeping
- Financial Accounting and analysis
Course materials
The syllabus is stated at the beginning of the semester.
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| BØA2032 | 7.5 | SPRING 2007 | |
| REV3025 | 2.5 | SPRING 2007 | |
| BØ232 | 6.0 | SPRING 2007 | |
| BØ231 | 6.0 | SPRING 2007 | |
| BØ230 | 7.5 | SPRING 2007 |
No
Version: A
Credits:
7.5 SP
Study level: Intermediate course, level II
Term no.: 1
Teaching semester: AUTUMN 2024
Language of instruction: Norwegian
Location: Trondheim
- Economics and Administration
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 C , LOVDATA 2024-12-13 09:00 INSPERA
-
Room Building Number of candidates SL310 lilla sone Sluppenvegen 14 10 SL311 brun sone Sluppenvegen 14 62 - Summer UTS School exam 100/100 C , LOVDATA INSPERA
-
Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"