ØKB3134 Intermediate Financial Accounting
Course description for academic year 2024/2025
Contents and structure
The course delves into the most central challenges related to recognition and measurement of key accounting items in accordance with good accounting practices. It provides a basis for reflecting on essential aspects of the theoretical foundation for financial accounting
Learning Outcome
Knowledge:
The student:
- has in-depth knowledge of fundamental accounting principles and good accounting practices
- has in-depth knowledge of recognition and measurement of key accounting items
- has in-depth knowledge of accounting rules for small enterprises
- is familiar with the most significant differences between accounting and tax regulations
- has knowledge of the information needs of user groups and the need for accounting regulation
- has knowledge of income statement and balance sheet orientation
- is familiar with IFRS and simplified IFRS
- knows the difference between business economic theory and financial accounting (current accounting regulation)
Skills:
- can reflect on the information needs and the need for accounting regulation among the user groups
- can apply selected NRS and IFRS accounting standards exemplified by regulations for fixed assets
- can analyze cash flows
General competence:
The student:
- can see the subject in a wider societal perspective
- can acquire up-to-date knowledge within the above-mentioned areas of knowledge and skills
- can convey central subject matter through relevant forms of expression and can exchange views and experiences with other professionals
Entry requirements
BØA117 Financial accounting and analysis, or a corresponding course.
Recommended previous knowledge
BØA204 Investments and financing or similar.
Teaching methods
Lectures, exercises, and guidance related to exercises.
Compulsory learning activities
None
Assessment
Individual digital Home exam, 7 days, 30%
Individual digital school exam, 4 hours, 70%.
A pass is needed in both parts
Grade scale A-F
Examination support material
Individual digital home exam and school exam: All study aids may be used.
More about examination support materialCourse reductions
- ØKB3117 - Vidaregåande finansrekneskap - Reduction: 5 studypoints
- ØKB3118 - Rekneskapsteori - Reduction: 2.5 studypoints