course-details-portlet

BMRR4030 - Financial Accounting and Corporate Reporting I

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 5 hours C , LOVDATA

Course content

The course is an advanced course in financial accounting, with emphasis on key measurement problems in preparing a financial statement in accordance with International Financial Reporting Standards (IFRS).

The objective of the course is to give the student in-dept knowledge of IFRS Conceptual Framework for Financial Reporting and recognition and measurement of assets, liabilities, income, and expenses in a financial statement in accordance with selected International Financial Reporting Standards (IFRS). The course also gives knowledge of accounting principles and methods in accounting for Business Combinations.

Learning outcome

Knowledge

The Student

  • Has knowledge of accounting regulation in theory and practice
  • Has knowledge of Norwegian and international accounting development and governing bodies
  • Has knowledge of IFRS conceptual framework for financial reporting
  • Has in-dept knowledge of recognition and measurement of assets, liabilities, income and expenses in accordance with International Financial Reporting Standards (IFRS) with emphasis on:
    • Revenue from Contract with Customers
    • Property, Plant and Equipment
    • Intangible Assets, including Goodwill
    • Construction Contracts
    • Financial Assets and Liabilities
    • Provisions and Contingent liabilities
    • Income Tax
    • Equity and distribution of share dividends to shareholders
  • Has knowledge of principles and methods when accounting for business combinations including merger and demerger
  • Has knowledge of key measurement problems in a financial statement prepared in accordance with International Financial Reporting Standards (IFRS).

Skills

The Student

  • Can recognize and measure assets, liabilities, income, and expenses in accordance with selected International Financial Reporting Standards (IFRS).

Competences

The Student

  • Can aquire new knowledge in the above-mentioned subjects.

Learning methods and activities

Own work with literature, regulations and standards and assignments, as well as plenary lectures, group work and exercises. 2 compulsory submissions in groups.

Compulsory assignments

  • -
  • -

Further on evaluation

2 compulsory group assignments (of up to 3 students) must be passed to sit for the exam. It is only possible to deliver exercises in the autumn semester. Exam aids:

  • Approved calculator in accordance with NTNU's aid code B-D "specific simple calculator".
  • Other calculators allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.
  • Norwegian laws, student law collection, tax law collection, Auditor's handbook. Collection with IFRS standards, in Norwegian or English.

Information is provided about any digital access to aids in the form of laws, regulations and standards during the exam, no later than 4 weeks before the exam.

Only ordinary exams both autumn and spring, no re-sit exams.

Specific conditions

Admission to a programme of study is required:
Accounting and Auditing (MRR)

Required previous knowledge

None

Course materials

The syllabus is stated at the beginning of the semester.

More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Economics and Administration
  • Management Accounting and Control
Contact information
Course coordinator:

Department with academic responsibility
NTNU Business School

Timetable

List view
Calendar view

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C , LOVDATA 2023-12-16 09:00 INSPERA
Room Building Number of candidates
SL410 orange sone Sluppenvegen 14 33
SL120 blå sone Sluppenvegen 14 2
SL323 Sluppenvegen 14 1
Spring ORD School exam 100/100 C , LOVDATA 2024-05-25 09:00 INSPERA
Room Building Number of candidates
SL310 turkis sone Sluppenvegen 14 15
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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