This course provides the students solid knowledge of how to prepare financial statements consistent with key international financial standards (IFRS) and local accounting standards (NGAAP), including the preparations and understanding of the equity method, business combinations and consolidated financial statements. Furthermore, the course includes an introduction to accounting for financial instruments and hedging.
A key topic in this course is evaluating differences in financial reporting, revenue recognition, and assets valuation, between the asset/ liability perspective held by the IASB conceptual framework, and an income oriented framework. Throughout the course the students are encouraged to reflect critically and professionally on the use of accounting standards and other relevant sources, and to get an overview of the differences between international accounting standards and generally accepted accounting principles in Norway (NGAAP).
4-hour written examination with letter grades.
Due to grade requirements for state authorised public accountants, a regular examination will be held both autumn and spring.
School of Business and Law