ØKB3135 Accounting in Practice

Contents and structure

The course will enable the students to complete an annual account and provides in-depth knowledge of the bookkeeping regulations.

Learning Outcome

Knowledge

• Has knowledge of regulations for closing annual accounts
• Knows regulations for notes and annual reports, including sustainability reporting
• Has in-depth knowledge of the basic bookkeeping principles and central parts of good bookkeeping practice

Skills

• Can close an annual account for a limited company, including tax items and allocation of profits
• Can prepare and quality-assure external accounting reporting using reconciliations and other analysis techniques
• Can explain the need for group accounting and the principles for eliminating intra-group items
• Can prepare a simple group account (including tax and minorities)
• Can post and quality-assure transactions and other events in the accounts, including analysis of the accounting consequences of different VAT treatment

General competence

• 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
• Can exchange views and experiences with other professionals can see the subject in a wider societal perspective

Entry requirements

BØA117 Financial accounting with analysis (or similar)

Teaching methods

Lectures, exercises, and guidance related to exercises

Compulsory learning activities

Completed basic training in accounting and annual settlement software

Assessment

Digital school exam, 4 hours - 100%

Grade scale A - F

Examination support material

All aids are permitted

More about examination support material

Course reductions

• ØKB3117 - Vidaregåande finansrekneskap - Reduction: 2.5 studypoints
• ØKB3119 - Rekneskapsføraryrket og rekneskapsorganisering - Reduction: 2.5 studypoints