ØKB3118 Accounting Theory

Contents and structure

The course aims to give students a basis of reflection concerning central parts of the theoretical fundament of financial accounting, and focuses on central concepts, principles, and regulations in generally accepted accounting principles from The Norwegian Accounting Standards Board (GRS) and International Financial Reporting Standards (IFRS). The course aims to develop prior knowledge from earlier courses, but has a more theoretical basis, and draws parallels between Norwegian Generally Accepted Accounting Principles and IFRS, including the different conceptual frameworks that make the basis for the two accounting standards.

Learning Outcome

Knowledge

The student:

• Can understand and reflect upon the user groups¿ need for information and accounting regulation
• Can understand and reflect upon a revenue-expense view and an asset-liability view
• Can understand and reflect upon the conceptual framework in IFRS
• Can understand and reflect upon the theoretical basis of the basic accounting principles and GRS
• Can understand and reflect upon the international development in accounting, accounting regulations, etc.
• Is familiar with the difference between business profitability and the premises for the financial statements

Skills

The student:

• Can use acquired knowledge on practical accounting problems

 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

BØA117 Financial accounting, or a corresponding course.

Recommended previous knowledge

None

Teaching methods

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

Compulsory learning activities

Nei

Assessment

Portfolio exam, 100%

Graded A - F

Examination support material

All printed and written study aids may be used

All calculator allowed, with reference to

https://www.hvl.no/student/eksamen/hjelpemiddel-ved-eksamen/

More about examination support material

Course reductions

• ØKB3102 - Finansiell rapportering og analyse - Reduction: 7.5 studypoints
• ØKB3107 - Finansiell rapportering og analyse - Reduction: 7.5 studypoints
• ØKB3114 - Finansiell rapportering og analyse - Reduction: 2.5 studypoints
• BØ6-2007 - Vidaregåande finansrekneskap - Reduction: 6 studypoints
• BØ6-2003 - Årsrekneskap i praksis - Reduction: 1.5 studypoints
• ØBR114 - Rekneskap fordjuping - Reduction: 5 studypoints