Course content

The course provides knowledge of accounting theory, accounting practice, regulations and accounting standards, and skills in solving advanced accounting problems using accounting methods, knowledge of business administration, and analytical skills; as well as justifying the solutions by applying rules derived from laws, regulations, and standards.

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, knowledge of accounting practices, and their understanding of the use of information in financial markets
• advanced understanding of accounting standards
• have advanced knowledge about incentives and underlying business conditions that influences reporting choices

Skills

The students should be able to solve and justify solutions to advanced financial reporting problems, and be able to account for 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 study- 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 knowledge of accounting standards (IFRS and N-GAAP), be able to prepare the annual accounts, and be able to solve and justify solutions to accounting problems equivalent to the 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 teaching semester