Course content

The course provides knowledge of accounting theory, accounting practice, regulations and accounting standards, and skills in solving advanced accounting problems using legal accounting methods and the application of business economic and analytical knowledge and skills, as well as justifying the solutions by applying the rules derived from laws, regulations, and standards. (The content and learning outcomes of the course have been significantly changed in 2025 compared to earlier. Sustainability reporting is offered from 2025 as a separate course, see BMRR4040

Learning outcome

Knowledge

After completing the course, the students should

• have insight into theories that justify accounting solutions in regulations, reporting standards, and practice
• have further developed their understanding of accounting and knowledge of accounting standards and accounting practices and their understanding of the application of information (financial information and sustainability information) in financial markets
• advanced understanding of accounting standards (N-GAAP and IFRS)
• have advanced knowledge about incentives and manipulation of reporting

Skills

The students should be able to solve and justify solutions to advanced financial reporting problems, and be able to solve and discuss reporting-related theoretical and practical problems.

General Competence

The course will contribute to the students developing general competence in accordance with the learning outcomes described at the program level, including further development of an analytical mindset and critical thinking.

Learning methods and activities

Various forms of work and learning activities will be used, with a combination of lectures, own work with literature and other sources, and mandatory activity / participation in group work and seminars. The course is suitable for students who participate in learning activities on campus, and it is necessary to participate in mandatory activities on campus, to be allowed to sit for the exam. There will be 1 mandatory activity in the course, which consists of several sub-activities, including participation in prepared presentations and discussions. Dates for and more detailed requirements for mandatory participation will be announced early in the teaching semester.

Compulsory assignments

• Approved group assignment
• 70% attendance and participation in seminar teaching on campus

Specific conditions

Recommended previous knowledge

The course is based on BMRR4030 Financial Accounting and Reporting I. Students should have in-depth knowledge of accounting standards (IFRS and N-GAAP) and Norwegian accounting law, be able to prepare the annual accounts, and be able to solve and justify solutions to accounting problems equivalent to content in BMRR4030 Financial Accounting and Reporting I. It is also recommended to have knowledge and skills in valuation equivalent to BOKO4030, and knowledge of accounting theory, for example, by having completed ØS440 or similar.

Required previous knowledge

None

Course materials

To be announced at the start of the semester