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 a financial statement 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
- Other problems
- Has knowledge of key measurement problems in a financial statement
Skills
The Student can find and use accounting rules to recognize and measure assets, liabilities, income, and expenses.
Competences
The Student is able to acquire new knowledge within the field, and develops an analytical mindset 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
Written school examination of 5 hours in Inspera, BYOD. Permitted aids code C, Lovdata Pro (only laws and regulations).
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.
Mandatory activities must be completed before you can sit for exam
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
Contact information
Examination
Examination
Ordinary examination - Autumn 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.