course-details-portlet

AE302110

Financial accounting II

Credits 7.5
Level Third-year courses, level III
Course start Autumn 2025
Duration 1 semester
Language of instruction Norwegian
Location Ålesund
Examination arrangement School exam

About

About the course

Course content

The course is a continuation of Financial Accounting I and covers the topics in more depth and detail. After completing the course, the student should have a more in-depth and practical understanding of bookkeeping with associated documentation, year-end closing with external reporting and an introduction to acquisition transactions.

Learning outcomes:

  • Understand accounting rules including IFRS
  • Apply relevant accounting rules to record advanced/complex issues including a complete year-end closing
  • Prepare periodic mandatory public reports
  • Prepare a complete annual financial report with notes
  • Prepare a single consolidated financial statement

Learning outcome

Knowledge

  • Know the main features of IT-based accounting systems and the requirements for security, documentation and control
  • Knowledge of practical accounting work and routines
  • Knowledge of the bookkeeping law, regulations and recommendations in good accounting practice Knowledge of the accounting rules, including IFRS
  • Knowledge of the tax rules, especially for private limited companies
  • Knowledge of acquisition transactions

Skills

  • Be able to perform ongoing bookkeeping of key transactions in a relevant accounting system
  • Be able to complete the year-end closing with the preparation of completed annual accounts
  • Be able to make necessary calculations for filling in tax assessments and tax returns
  • Be able to prepare term-mandatory tasks / statutory specifications

General competence

  • Be able to acquire new knowledge in the field
  • Be able to reflect on ethical issues in financial management

Learning methods and activities

Teaching methods:

Lectures, exercise sessions and self-study. Practical, case-oriented approach when using accounting systems. Lectures and exercise sessions are adapted to the expected learning outcome. Lectures and exercise sessions will help students for independent work.

Compulsory assignments

  • Obligatorisk forkrav

Further on evaluation

Four mandatory assignments are designed. All four assignments must be approved before the exam. ICT tools must be used when working with the assignments. Previously approved mandatory assignments are valid until there are significant changes in the subject.

Minimum attendance of 80 % at exercise sessions is required. Specification of mandatory assignments to be announced at the course start.

Specific conditions

Admission to a programme of study is required:
Business Administration (BØA)

Course materials

Mandatory literature

Oddbjørn Sættem: Videregående bokføring og årsavslutning. 4th edition.

Oddbjørn Sættem: Bedriftens finansregnskap: Det Analytiske brukerperspektivet, 3rd edition. Chapters 1, 3 and 4.

Relevant accounting software for small companies.

Subject areas

  • Economics and Administration

Contact information

Course coordinator

Department with academic responsibility

NTNU School of International Business

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code C Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.

Re-sit examination - Spring 2026

School exam
Weighting 100/100 Examination aids Code C Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.