Course - Economic management and accounting - DIFT1003
DIFT1003 - Economic management and accounting
About
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| School exam | 100/100 | 4 hours | D |
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 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
Mandatory work requirements: 10 of 12 exercises must be approved.
Postponed exam: May / June
For applications for crediting, approval and integration of courses from previous cohorts or other institutions' corresponding educations, each application will be processed individually, and applicants must be able to include credit reduction for overlapping courses.
Specific conditions
Admission to a programme of study is required:
Digital Business Development (ITBAITBEDR)
Recommended previous knowledge
It will be an advantage to have knowledge in the use of spreadsheets (Excel) since much of the practical work in the course is performed using spreadsheets.
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 | To |
|---|---|---|---|
| IBED1002 | 3.7 | AUTUMN 2019 | |
| IINI1006 | 3.7 | AUTUMN 2019 | |
| IFUD1106 | 3.7 | AUTUMN 2019 | |
| IDRI1001 | 3.7 | AUTUMN 2019 | |
| IINI1011 | 3.7 | AUTUMN 2019 | |
| IFUD1111 | 3.7 | AUTUMN 2019 | |
| INFT1004 | 7.5 | AUTUMN 2019 |
No
Version: 1
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2023
Language of instruction: Norwegian
Location: Trondheim
- Economics
Department with academic responsibility
Department of Computer Science
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 D 2023-11-27 09:00 INSPERA
-
Room Building Number of candidates SL271 Sluppenvegen 14 4 SL311 lyseblå sone Sluppenvegen 14 30 SL274 Sluppenvegen 14 1 SL311 brun sone Sluppenvegen 14 50 - Spring UTS School exam 100/100 D 2024-05-14 09:00 INSPERA
-
Room Building Number of candidates SL311 brun sone Sluppenvegen 14 1
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"