Master's Programme in Business Administration (5 years)
Language of instruction
Norwegian
Learning outcomes
Upon successful completion of this course students should be able to demonstrate knowledge of:
basic knowledge of purpose and characteristics of a financial statement, insight into the financial accounts structure, its Norwegian and international framework, and ability to explain the accounts as a source of information
have an understanding of accounting principles and reporting requirements, regulations for accountants and bookkeeping principles and practices, including the standard chart of accounts.
the concepts of expenses, costs, expenditures, revenues and receipts, as well as common accrual entries.
ability to post the most common transactions, including VAT.
ability to explain the transactions impact on profit and loss.
ability to set up a grouped result and balance sheet in accordance with the Act on Accounting
ability to prepare simple budgets for liquidity and earnings.
knowledge of digital accounting systems.
Course contents
The course provides a basic introduction to understand the purpose end content of financial accounting information. Moreover, the course provides an introduction to bookkeeping and good accounting practices. A substantial part of the course is devoted to clarifying the legal, ethical and economic framework as the backbone for exercising professional judgements in accounting matters. Preparation of traditional budgets and use of budget information is also an integrated part of the course, as well as knowledge of today’s sustainability demands’ importance to relevant reporting.
Teaching methods
Lectures and group work.
Examination requirements
Approved compulsory assignment.
Assessment methods and criteria
4-hour written examination with letter grades.
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Offered as Single Standing Module
Yes. Subject to availability or capacity.
Admission Requirement if given as Single Standing Module