Teaching starts Autumn

Language of instruction Norwegian

Learning outcomes Upon completion of this course, the students will: know the purpose of financial accounts and be familiar with their main elements understand basic book-keeping principles be able to enter central accounting transactions be able to evaluate central balance entries be able to calculate the company's tax costs and allocate a result be able to analyze central connections in financial accounts

Course contents The course gives an introduction in financial accounting (financial statements) for private companies, and the course contains two main sections. In Section 1 the course starts by giving a basic understanding of the frameworks on which private (traditional) financial accounting is built, in that an introduction in the accounting method used in the private sector (double accounting). In Sections 2 the legal provisions for this type of accounting along with its central shortcomings is presented. Major emphasis is placed on the latter topic. Development of good accounting practices is also included. The analysis section includes surveying and critical analysis of profitability, finance, liquidity and solidity. An introduction to the problems surrounding corporate integration (and alternative models to traditional financial accounting).

Teaching methods Six hours per week of both group lectures and group practice sessions.

Examination requirement Approved compulsory assignment

Assessment methods and criteria 4-hour written examination with graded mark.

Priv. evaluation Ordinary examination

Type of course Theoretical

Level of course Undergraduate

Year of study Normally first year

Name of lecturer/contact person Jan Erik Andreassen

Recommended or required reading Available on request

Mode of delivery Face-to-face