BØA113 Introduction to Business Economics and Accounting

Contents and structure

The course contains of two parts: one in accounting and one part in business economics. In the accounting section, students should be able to keep a simple account. In the Business Economics section, students will acquire adequate knowledge and skills to be able to collect, analyze and communicate relevant information to prepare for making good choices on behalf of the company.

The course contains:

• Balance doctrine
• Practical accounting
• Registration of business cases
• Accrual
• Presentation of the financial statement
• Introduction to measurement rules and good accounting practice
• Cost concepts
• Cost distribution and calculation principles
• Decision problems in business economics
• Cost Revenue and Volume analyzes (CRV)
• Price decisions and the market adjustment process
• Product selection with none and one scarce factor, respectively

Learning Outcome

Knowledge

The students know:

• the purpose of the financial account
• default account plan
• the relationship between transactions and how transactions affect profit and the balance sheet
• the terms expenses, costs, disbursements, revenues and payments
• effects of inventory changes
• The role and place of the finance function in the company and be able to discuss the basic features of financial management
• cost concept and the variability of costs
• different ways of conducting product calculation
• the basic assumptions behind and weaknesses of the traditional calculation methods

Skills

Students are able to:

• record the most common transactions; Including value added tax
• make regular accrual entries
• make annual statements with simple entries at the annual settlement and allocation of results
• conduct Cost, Revenue and Volume analyzes (CRV)
• perform simple analyzes of optimal product choices with resource access restraint
• make calculations according to the principle of full cost and contribution
• identify relevant costs and revenues and solve various challenges with a focus on making good choices
• find out how companies should adapt to different market situations

General competence

After completing the course, the student has the basis for further specialization in the subject area

Entry requirements

None

Recommended previous knowledge

None

Teaching methods

• Campus-based lectures
• Assignment seminars on campus

Compulsory learning activities

2 mandatory submissions must be approved before exam can be taken. Submissions can be carried out on digital system.

Assessment

4 hour school exam.

Grading scale A-F, where F corresponds to fail.

The exam can be held on a digital system.

Examination support material

Simple calculator. As the following models:

- Casio fx-82 (all models: ES, ES Plus, EX, Solar etc.)

- TI-30Xa, TI-30XIIS, TI-30XS MultiView

- Sharp EL-531TG, Sharp EL-531TH, Sharp EL-531TS

The software Excel on own PC, when digital system is used in the exam.

More about examination support material

Course reductions

• ØBO002 - Innføring i bedriftsøkonomi og rekneskap - Reduction: 7.5 studypoints
• BØ6-101 - Innføring i rekneskap og bedriftsøkonomi - Reduction: 7.5 studypoints
• BØ6-1000 - Innføring i bedriftsøkonomi - Reduction: 5 studypoints
• BØ6-1001 - Finansrekneskap 1 - Reduction: 2.5 studypoints
• ØKB1005FORØK - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• ØKB1001FORØK - Bedriftsøkonomi I - Reduction: 7.5 studypoints
• ØKB1101 - Finansrekneskap - Reduction: 2.5 studypoints
• ØKB1102 - Innføring i Bedriftsøkonomi - Reduction: 5 studypoints
• ØKB1110 - Innføring i bedriftsøkonomi og rekneskap - Reduction: 7.5 studypoints
• ING101 - Teknologileiing, økonomi og nyskaping - Reduction: 3 studypoints
• INGB3008 - Økonomi for ingeniører - Reduction: 5 studypoints
• ING2040 - Økonomi for ingeniørar - Reduction: 5 studypoints
• ING2004 - Økonomi for ingeniørar - Reduction: 5 studypoints
• ØKB019FOREØK - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• ØKB019 - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• ØKB019 - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• ØKB019 - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• SA002 - Grunnleggjande bedriftsøkonomi - Reduction: 5 studypoints
• SA068 - Bedriftsøkonomisk analyse I - Reduction: 6 studypoints
• ØKB1015 - Bedriftsøkonomi I - Reduction: 7.5 studypoints
• ØKB1005 - Bedriftsøkonomi I - Reduction: 7.5 studypoints
• BØ6-1012 - Innføring i bedriftsøkonomi og rekneskap for reiselivet - Reduction: 4 studypoints
• ØKB1001 - Bedriftsøkonomi I - Reduction: 7.5 studypoints
• ØBO001 - Innføring i bedriftsøkonomi og reknskap - Reduction: 7.5 studypoints
• BØ6-1010 - Innføring i bedriftsøkonomi og rekneskap - Reduction: 7.5 studypoints