course-details-portlet

DIFT1003

Economic management and accounting

Credits 7.5
Level Foundation courses, level I
Course start Autumn 2025
Duration 1 semester
Language of instruction Norwegian
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

Financial accounts: The importance of financial management, liquidity budget and profit budget, balance, Profit and loss account, postings and basic accounting, document, payroll, travel expenses and value assessment.

Internal accounting: different cost concepts, calculation of costs and cost allocation, calculation principles, different operating accounting models, zero-point analysis, product selection, price decisions and market adaptation, key figures, and analysis of projects

Learning outcome

Knowledge

The candidate can:

  • Explain what financial management is and have knowledge about different company forms and cost concepts.
  • Explain the content of salary calculations and rules for travel invoices.
  • Explain the assessment and value assessment of the balance items
  • Understand and explain what calculative costs are and how these are to be calculated.
  • Explain various principles that form the basis for cost allocation.
  • Understand the purpose of product calculations and know different calculation principles.
  • Explain what a budget is and what budget it is appropriate to set up in different situations.

Skills

The candidate can:

  • Prepare and create a profit budget and liquidity budget.
  • Prepare and create a profit and loss account and the balance.
  • Post transactions to account debit / credit.
  • Register salary and travel expenses.
  • Calculate some basic financial key figures.
  • Calculate different cost types.
  • Calculate present value and internal rate of return.
  • Manage various product calculations.
  • Understand and prepare operating accounts.
  • Make calculations and setups in connection with zero-point analysis.
  • Prepare and create calculations in connection with analysis of long-term projects.

General competence

The candidate can:

  • See the importance of knowledge about, and understanding of, financial management in a company.
  • Read and evaluate existing budgets and accounts to understand a company's financial situation.
  • Managae calculations as basis to analyse a company's financial situation and development.

Learning methods and activities

The teaching in the course consists of lectures with a review of theory followed by practical problem solving. The problem solving takes place in a classroom where the subject teacher and/or learning assistant reviews relevant tasks together with the students. This is so that the students can practice internal accounting routines in practice. In addition, it is planned that the students will work on practical assignments independently between the teaching hours.

Compulsory assignments

  • Compulsory exercises

Further on evaluation

Compulsory assignments: 10 of 12 exercises must be approved.

re-sit exam: May / June

Specific conditions

Admission to a programme of study is required:
Digital Business Development (ITBAITBEDR)

Required previous knowledge

The course has study law requirements, and is reserved for students admitted to the Bachelor in Digital Business Development.

Course materials

Several written lessons will be made available on the school's learning platform after the start of the studies. Textbooks: "Årsregnskapet", by Trond Kristoffersen and «Innføring i bedriftsøkonomi», by Åge Sending. Both published by Fagbokforlaget.

Credit reductions

Course code Reduction From
IBED1002 3.7 sp Autumn 2019
IINI1006 3.7 sp Autumn 2019
IFUD1106 3.7 sp Autumn 2019
IDRI1001 3.7 sp Autumn 2019
IINI1011 3.7 sp Autumn 2019
IFUD1111 3.7 sp Autumn 2019
INFT1004 7.5 sp Autumn 2019
This course has academic overlap with the courses in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Economics

Contact information

Course coordinator

Lecturers

Department with academic responsibility

Department of Computer Science

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code D Date 2025-11-25 Time 09:00 Duration 4 hours Exam system Inspera Assessment
Place and room for 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.

Sluppenvegen 14
Room SL311 grønn sone
52 candidates

Re-sit examination - Spring 2026

School exam
Weighting 100/100 Examination aids Code D Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.