Course content

The economical function: Organizing, planning and control of all activities in connection with the economic function.

The traditional year-end accounting concepts and classifications.

Performance versus asset based accounting theory.

Assets.

Liabilities and shareholders equity.

Income and dividends.

Expenses and losses.

Learning outcome

Advanced knowledge of financial accounting theory.

They shall have practical experience in making year-end adjustments in accordance with accounting rules and standards.

The students have learned how to read and understand official accounts.

They shall know, and have an overview over those prosesses and activities witch take place in a company economical function.

Learning methods and activities

Nettbasert Læring|Obligatoriske oppgaver|Oppgaveløsning|Veiledning

Obligatoriske arbeidskrav:

 Two compulsory works (both must be approved).

Compulsory assignments

• Obligatorisk arbeidskrav

Specific conditions

Required previous knowledge

SMF1042F Basic Economics.

Course materials

Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Fagbokforlaget, 4. utgave, ISBN 978-82-450-1568-3.

Kristoffersen, Trond, Årsregnskapet - en grunnleggende innføring, Oppgavesamling med løsninger, Fagbokforlaget, 4. utgave, ISBN 978-82-450-1569-0.

Moen, Tove-Gunn og Havstein, Bjørgunn, Regnskapsorganisering, Cappelen, 6. utgave, ISBN 978-82-02-42896-9.

Laws and accounting standards is stated by the start of the course.

Credit reductions