Upon successful completion of this course the students should be able to:
• Apply International Financial Reporting (IFRS) to practical accounting issues, including the preparation of appropriate journal entries
• Understand and apply the accounting concepts and principles of recognition, timing, measurement, presentation, and disclosure
• Critically discuss the conceptual and practical challenges surrounding complex accounting issues, including the choices in reporting and disclosure that companies face
Understand the relevance, purpose and value of financial reporting to sustainability debates
This course builds on the content from prior financial accounting courses by presenting an in-depth analysis of advanced accounting topics. This course focuses on the application of International Financial Reporting Standards (IFRS) and the conceptual framework to the general purpose financial statements of business entities. Students will obtain a comprehensive understanding of complex accounting issues, for example, consolidated financial statements, business combinations and fair value, and the ability to apply the relevant theory of the accounting standards to real world business or organisational situations. Other important topics shaping financial reporting are also considered, for example how financial reporting contributes to sustainability debates.
Undervisnings- og læringsformer
Lectures and group work. Estimated workload is about 200 hours.
Vilkår for å gå opp til eksamen
Approved compulsory assignment(s). More information will be given in Canvas at the start of the semester.
4-hour written examination with letter grades.
Due to grade requirements for state authorised auditors, a regular examination will be held both autumn and spring.
Emneansvarlig i samråd med studenttillitsvalgt fastsetter evalueringsform og om emnene skal ha midtveis- eller sluttevaluering, jf. kvalitetssystemet kapittel 4.1. Informasjon om evalueringsform for emnet publiseres i Canvas.