BØA117 Financial Accounting and analysis

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 When a course description has been changed there, the description on web is no longer valid.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 is based on BØA113 Introduction to Business Economics and Accounting with accounting or similar courses. The course will provide a good insight into the structure of the financial statements and the framework conditions. The course will also provide the necessary knowledge to handle central accounting measurement problems and to prepare cash flow analysis. Based on the financial statements, it is shown how the company's profitability, liquidity and financing can be further analyzed.

Contents

  • Basic accounting principles and good accounting practice
  • Accounting Act's valuation rules for assets and liabilities
  • Equity and disposal of annual results
  • Preparation of cash flow statement
  • Traditional accounting analysis

Learning Outcome

Students should after completing the course:

  • Have a good insight into the structure of the financial statement and the framework conditions
  • be able to handle key measurement and assessment problems in the financial statements
  • Know the most important tax assessment rules as the basis for calculating temporary differences and deferred taxes
  • be able to prepare cash flow analysis
  • be able to arrange accounting data and carry out correction of accounting figures for analytical purposes
  • be able to calculate current key figures and assess the company's profitability, liquidity, equity and financing

Entry requirements

None

Recommended previous knowledge

BØA113  Introduction to Business Economics and Accounting or similar

Teaching methods

Lectures and exercises.

Course requirements

Yes, assignment(s) (to be specified in the semester plan available in the beginning of the semester)

Assessment

Written exam, 4 hour.

Examination support material

Calculator. Law codes

More about examination support material

Course reductions

  • BØ6-1011 (1) - Financial accounting and analysis - Reduction: 7.5 studypoints
  • LOØØ18 (1) - Financial Accounting I - Reduction: 6 studypoints
  • ØKB1111 (1) - Financial Accounting and analysis - Reduction: 7.5 studypoints
  • ØKB1001 (1) - Financial Accounting Theory I - Reduction: 7.5 studypoints
  • ØKB1005 (1) - Financial Accounting Theory I - Reduction: 7.5 studypoints
  • ØKB1015 (1) - Financial Accounting Theory I - Reduction: 7.5 studypoints
  • SA003 (1) - Financial accounting theory - Reduction: 6 studypoints
  • SA068 (1) - Accounting - Reduction: 5 studypoints
  • ØKB016FOREØK (1) - Financial Accounting - Reduction: 7.5 studypoints
  • ØKB1003FORØK (1) - Spread sheets - Reduction: 7.5 studypoints
  • ØKB016 (1) - Financial Accounting - Reduction: 7.5 studypoints
  • ØKB1101 (1) - Financial Accounting - Reduction: 7.5 studypoints
  • ING2004 (1) - Economy for Engineers - Reduction: 2.5 studypoints
  • SA120 (1) - Financial Accounting - Reduction: 7.5 studypoints
  • ØKB1001FORØK (1) - Financial Accounting Theory I - Reduction: 7.5 studypoints
  • ØKB1008FORØK (1) - Financial Accounting - Reduction: 7.5 studypoints
  • BØ6-1001 (1) - Financial Accounting 1 - Reduction: 2.5 studypoints
  • BØ6-2000 (1) - Financial Accounting 2 - Reduction: 5 studypoints
  • BØ6-102 (1) - Financial Accounting, Analysis and Valuation - Reduction: 7.5 studypoints
  • ØBO011 (1) - Financial Accounting I - Reduction: 7.5 studypoints