ØKB3119 Accounting Organization

Course description for academic year 2020/2021

Due to Covid-19, changes may occur in course descriptions for the autumn semester of 2020. Changes in each course will be published on Studentweb or Canvas. When a course description has been changed there, the description on web is no longer valid. Examples of such changes could be accomplishment of practice, course type, or whether letter grades or passed/not passed will be used as grading scales.

Contents and structure

The course aims to give insights to an accountant¿s role and generally accepted accounting principles, including challenges concerning the processing and registration of transactions and business events, and organization and internal control. The students will also be introduced to the practical use of an IT-based accounting system.

Learning Outcome


The student:

  • Is familiar with rules that regulate rights and obligations for authorized accountants, including an accountant¿s legal liability and duties
  • Is familiar with the requirements, obligations, and recommendations that appear in the generally accepted accounting principles
  • Knows the board¿s, general manager¿s, and auditor¿s roles and responsibilities concerning a business
  • Knows the most central business routines
  • Knows general controls and can reflect upon organizational relations relating to internal control, including measures to secure efficient internal control
  • Knows requirements regarding safety and controls in IT-systems
  • Is familiar with the basic bookkeeping principles in the Bookkeeping Act and generally accepting bookkeeping principles, including other regulations in the Bookkeeping Act and the Accounting Act



The student:


  • Is able to use rules concerning rights and obligations, and the contents of generally accepted accounting principles, including regulations on risk (the Regulation on Risk Management and Internal Control) and regulations on laundering


General knowledge

The student:

  • Is able to acquire up-to-date knowledge within the areas of knowledge and skills mentioned above
  • Can pass on important knowledge through relevant expressions and can exchange points of view and experiences with other professionals
  • Is able to view the course in a bigger social context

Entry requirements


Recommended previous knowledge

Introductory course in financial accounting.

Teaching methods

Lectures, plenary exercises, and guidance related to individual exercises or exercises in groups.

Course requirements

One assignment. 


Written exam 4 hrs 100%

Grades A - F

The exam can be held on a digital exam system

Examination support material

Laws, regularitions and standards.

More about examination support material

Course reductions

  • BØ6-2002 (1) - Accounting Management and Law - Reduction: 7.5 studypoints
  • ØBR115 (1) - Organizing the Accountancy - Reduction: 5 studypoints
  • EVA-ØKB3118 (1) - Regulations for Accountants and Accounting Structure - Reduction: 5 studypoints