Course - Financial Accounting and Corporate Reporting I - BMRR4030
Financial Accounting and Corporate Reporting I
About
About the course
Course content
The course is an advanced course in financial accounting, with emphasis on key measurement problems in preparing financial statements in accordance accounting standards, including IFRS.
The purpose of the course is to provide students with in-depth knowledge of financial reporting, and accounting regulation, and use of rules for recognition and measurement of assets, liabilities, income, and expenses in accordance with selected accounting standards.
Learning outcome
Knowledge
The Student
- has knowledge of accounting principles, IFRS framework, the Norwegian accounting law and accounting standards (GRS and IFRS) for financial reporting
- has in-dept knowledge of recognition and measurement of assets, liabilities, income and expenses in accordance with Norwegian (GRS) and international accounting standards (IFRS) with an emphasis on:
- Revenue from Contract with Customers
- Property, Plant and Equipment
- Intangible Assets
- Construction Contracts
- Selected 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 is able to acquire new knowledge within the above-mentioned subjects, and develop analytical skills and ability for critical thinking.
Learning methods and activities
Work with literature, regulations, standards, and accounting problems, as well as plenary lectures.
Compulsory assignments
- -
- -
Further on evaluation
Other calculators allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.
Only regular exams in the ordinary exam period in autumn and spring, no re-sit exams.
The exams in the fall and spring of will be based on the teaching, literature, including rules and standards referred to when the teaching in the course was last given.
There is a mandatory coursework requirement in the course, this must be approved in order to take the exam.
Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.
Specific conditions
Admission to a programme of study is required:
Accounting and Auditing (MRR)
Recommended previous knowledge
Should be able to prepare annual accounts under simple conditions and have knowledge of Norwegian corporate law and tax law, ie prior knowledge corresponding to the courses BØA2033 Financial accounting - intermediate, JUR2001 Commercial law I and BBOA2010 Advanced Tax Law and VAT at NTNU Business School.
Required previous knowledge
None
Course materials
The syllabus is stated at the beginning of the semester.
Subject areas
- Economics and Administration
- Management Accounting and Control