Course - Financial Accounting with financial statement analysis - SMF1197F
Financial Accounting with financial statement analysis
About
About the course
Course content
The course is an introduction to basic and financial accounting, including financial statement analysis. The content of the course gives an important basis for further studies in financial accounting.
In addition to familiarizing students with basic bookkeeping, the double-entry accounting principle, the accrual of income and expenses, and simple financial closing processes, the main objective of the course is to provide students with fundamental knowledge of preparing annual financial statements in accordance with the Accounting Act (NGAAP). This includes understanding basic accounting principles, valuation rules, reporting, and analysis of financial information.
Learning outcome
Knowledge
The student
- has knowledge of the financial statement as a source of information
- has knowledge of the content and regulation of financial accounting in Norway.
- has knowledge of the fundamental accounting principles in the Norwegian accounting act
- has knowledge of recognition and measurement of assets, liabilities, income and expenses in an annual account in accordance with Norwegian accounting act (NGAAP) with emphasis on:
- Fixed assets
- Inventory (stocks)
- Shares
- Receivables and cash
- Current and non-current liabilities
- Income tax
- Equity and distribution of share dividends to shareholders
- has insight of the content of cash-flow statement
- has insight into key financial ratios in analysis of financial statement (financial statement analysis)
Skills
The student
- can recognize necessary adjustments and prepare annual accounts for a small, limited liability company (Ltd) in accordance with Norwegian accounting act (NGAAP).
- can prepare a cash-flow statement
- can calculate key financial ratios and evaluate a business profitability and financial position in a financial statement analysis
Competences
The student
- can acquire new knowledge within the above mentioned subject areas
Learning methods and activities
Lectures, assignments and private study. During the semester there are exercises that must be approved to get access to the exam. Further information at the start of the semester.
Compulsory assignments
- Compulsory assignments
Further on evaluation
Supporting material allowed on exams: Approved calculator regarding NTNUs support material code B-D "specific basic calculator". Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.
Re-sit exam in August. Approved obligatory assignments from earlier years are valid until substantial changes are done with respect to course content.
Specific conditions
Admission to a programme of study is required:
Business Management (BØKLED-F)
Business Management (ÅRØKLEDF)
Recommended previous knowledge
Managerial Economics (SMF1194)
Course materials
Syllabus is given at the start of the semester.
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| SMF1197 | 7.5 sp | |
| SMF2151F | 7.5 sp | Autumn 2018 |
| SMF2151 | 7.5 sp | Autumn 2018 |
| BØA1200 | 7.5 sp | Autumn 2019 |
| AE101308 | 7.5 sp | Autumn 2019 |
Subject areas
- Economics and Administration
Contact information
Course coordinator
Department with academic responsibility
Department of Industrial Economics and Technology Management